If you added all those things up, you'd be at 40ish million in earnings over the next five years. And remember, we bought it for 50. But wait, now we still own the thing, and it's making 12.5 million in profit. Wait, if we just applied 10x, and realistically, at this point, it probably closer to 12x. Now we have a $125 million thing that we paid 54 that already paid us 40 back, that now is worth $125. So even at that kind of valuation, that's why it still makes sense for people to buy at those levels.
What does it take to own a billion dollars? Just money? Investments? Hard work? Today, Alex (@AlexHormozi) shares with us the truth behind becoming a billionaire, the misconceptions around it, and how thinking in magnitudes in order to reach this goal will help you in the long run.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.
Timestamps:
(1:47) - Misunderstanding: You own, not make, a billion dollars. Alex's perspective.
(4:45) - Becoming a billionaire requires full-time dedication and profit focus.
(7:13) - To be a billionaire, own something worth a billion, think big.
(8:51) - Steps to make $700 million/year: scalable opportunities, large market, high margins.
(10:06) - Clarification: You don't make 1 billion; you own it. Math example.
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