The Game with Alex Hormozi The 4 Paths To Making Mega Money | Ep 820
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Jan 6, 2025 Discover the secrets to building wealth by leveraging other people's money and strategic debt. Explore how companies like Amazon prioritize customer desires, operating at a loss to scale. Learn about the importance of return on invested capital and customer retention for sustainable growth. Dive into effective business expansion strategies and the trade-offs of franchising. Get insights on investment dynamics, highlighting the need for diversification and the role of talented individuals in driving success. Unveil sophisticated wealth-building strategies in the investment world.
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Four Paths to Mega Money
- There are four paths to accumulating substantial wealth, each with pros and cons.
- These involve leveraging your own or other people's money in your own or other people's businesses.
Amazon's Early Strategy
- Amazon remained unprofitable for nine years, prioritizing infrastructure expansion over immediate profit.
- Jeff Bezos focused on long-term fundamentals like speed, ease, and risk reduction.
Bezos' First Funding Round
- In his first funding round, Jeff Bezos sold 20% of Amazon for $1 million to 50 investors.
- He used the funds for initial inventory, website development, and hiring.
