My First Million

Alex Hormozi: Why He's Trying To Make More Money & How He's Doing It

Jun 6, 2023

01:24:32

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Quick takeaways

The desire for wealth and success is driven by the realization that as people's desires change, new deficits are created, motivating them to continue accumulating wealth.

Making space in life and constantly setting new goals is essential to staying motivated in the game of business.

Acquisition.com focuses on making real business knowledge accessible to all and prioritizes creating a positive work environment for their portfolio companies.

The speaker admires successful entrepreneurs for their long-term vision, impact, and ability to create influential companies.

Deep dives

The Shift in Desires and Creating a New Deficit

The speaker discusses how the things people want to buy change over time, leading to the creation of new deficits for the amount of wealth they desire. This realization drives them to continue playing the game of accumulating wealth and success.

Simplicity and difficulty in relationships

01:31

The Game of Wealth and Happiness

01:20

Learning from Competitors: Going After a Bigger Bar

00:34

The Inspiration Behind Older Companies for Empowering People

01:39

Introduction

2min

How to Split Your Time Between Media and Acquisitions

4min

The Pros and Cons of Social Media

5min

The Importance of Getting Good at What You Want

3min

How to Start a Gym Software Company

5min

The Importance of Putting New Acquisitions Up There

3min

The Importance of Listening to Advice

2min

The Importance of a Standard Deal Structure

4min

How I Transitioned From a PE Model to a Conglomerate Model

5min

10.

How to Sell a Gym Launch

4min

11.

How to Have What You Want

4min

12.

How to Be a Successful Businessman

3min

13.

The Importance of Playing the Game

2min

14.

The External Gap Between Acquisition.com and Mosi Media

5min

15.

The Elon Musk Story

3min

16.

The Mission of Uber

3min

17.

The Truth About Why I Want to Go to John Panda Express

4min

18.

The Power of Compounding

5min

19.

The Importance of Fitness and Diet Advice

2min

20.

The Four Styles of Marriage

3min

21.

Never Skip Leg Day, Never Skip Monday

2min

22.

How to Be a Successful Writer

2min

23.

How to Choose the Right Outfit for You

5min

24.

How to Be a Clutter Free Guy

2min

25.

The Benefits of Private Flying

6min

Shaan's Free Workshop --> http://bit.ly/3INb6EV

Episode 462: Sam Parr (@TheSamParr) and Shaan Puri (@ShaanVP) talk with Alex Hormozi (@AlexHormozi), founder of GymLaunch and Acquisition.com, about what he regrets about selling his business and why he's pumped about starting a new one, how he spends his money, and his secret to a successful marriage.

Want to see more MFM? Subscribe to the MFM YouTube channel here.

Check Out Shaan's Stuff:

* Power Writing Course

* Daily Newsletter

Check Out Sam's Stuff:

* Hampton

* Ideation Bootcamp

* Copy That

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Show Notes:

(04:00) - Upsides and Downsides of being famous

(10:45) - Status of Acquisition

(31:55) - Regrets about selling

(41:30) - Why do people get mega rich?

(58:20) - Who do you admire?

(01:04:40) - Secrets of successful marriages

(01:13:30) - What products/brands are you obsessed with?

(01:18:10) - What are you doing with your money?

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Links:

* Acquisition

* Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.

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Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.

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