The Game with Alex Hormozi The Ultra Rich Playbook [Legal and Tax-Free] | Ep 718
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May 31, 2024 Explore the secrets behind achieving a net worth of over $100 million with smart investing strategies. Discover how the ultra-wealthy navigate tax efficiency while diversifying income streams. Learn the truth about common wealth-building myths and the essential role of strategic thinking in financial success. Delve into how environment and luck impact wealth creation, emphasizing patience and seizing the right opportunities. Unravel the tactics that can help you scale down billionaire strategies to reach your financial goals.
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Reaching a $10 Million Net Worth
- Achieve a $10 million net worth by generating income and strategically investing.
- A 4-5% annual return on $10 million allows for a top 1% lifestyle.
Four Strategies of the Ultra-Rich
- The ultra-rich employ four core wealth-building strategies.
- These strategies leverage income generation, public equities, private equity, and debt.
Leveraging Debt for Liquidity
- Utilize debt strategically to retain ownership and control while gaining liquidity.
- This can be achieved through ESOPs, dividend recaps, or going public.