If you can borrow a million dollars and then buy something and have someone else pay it back, that's fundamentally what real estate is. If you get the asset for free, which is going to be the next bullet I'm going to make, you can get a contract on something for less than it's worth and then you get the bank to finance the whole thing. So if you're like, but I don't know if they'll do that, they will if it's priced low enough. And so for example, in the refinancing thing that I just went over, if I got that contract for eight, I could not even go through with the purchase and just sell the contract to
All paths can lead to one million. Today, Alex (@AlexHormozi) shares with us the many ways a person can make 1 Million dollars. You’d be surprised by some of the ways he suggests and you’ll never know if one of these is for you.
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:
(0:50) 1st-5th: Sell high, borrow, leverage contracts, earn commissions.
(4:56) 6th-9th: Tap into scarce resources, sell units, no-money-down deals, arbitrage.
(11:42) 10th-12th: Identify undervalued assets, sell high without ownership, sell high-ticket items.
(20:26) 13th-15th: Combine profitable elements, facilitate loans, promote others' products.
(24:40) Last method: Arbitrage between two entities for earnings.
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