I Made $17 Million Dollars At 28 & This Is What I Learned

How I got here…

21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job.
23 yrs old: Left my fancy consulting job to start a business (a gym).
24 yrs old: Opened 5 gym locations.
26 yrs old: Closed down 6th gym. Lost everything.
26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time.
26 yrs old: In desperation, started licensing model as a hail mary. It worked.
27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months.
28 yrs old: Started Prestige Labs. $20M the first year.
29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months.
31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal.
31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it)
32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses.

Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos).

To all the gladiators in the arena, we’re all in the middle of writing our own stories. The worse the monsters, the more epic the story.

You either get an epic outcome or an epic story. Both mean you win.

Keep crushing. May your desires be greater than your obstacles.

Never quit,

Alex

*FULL DISCLOSURE*
I make content to make money - just - on a longer time horizon than most. I want to build trust with business owners so we can find the best ones and help them scale. And if they’re awesome, write them a check and go all the way as partners.

[chim]

“If you think money can’t buy happiness, you haven’t given away enough” BARS!

[NAOMI-lbqt]

“Money only solves money problems. Once you have it, you are only left with problems that money can’t solve” - Alex

[MarketingHarry]

Money cannot solve all your problems, but can definitely help in many ways. That was inspiring, Alex! 💯

[privateequityguy]

To everyone who has started or is thinking of starting their own business: *Believe in yourself and never give up.* If you can work 8 hours for someone else. You can work 2 hours for yourself.

[meganmayzelle]

This is the most touching entrepreneurial content i have ever consumed.

[busydadrs]

Someone needs to collect Hormozi’s thoughts into a book of proverbs like the old stoic writings. This is gold.

[fritzthekidd]

I have a troubled relationship with my father and believe me, 17 million dollars would fix that real quick

[briangreen]

95% of all problems can be solved with money. You're talking about the 5% that can't be solved with problems. To give money to those children or a family so they can have food or shelter, that you just made a difference in their life, that's happiness, yes?

[RIGGERS_LIFE]

Money gives you time to correct unhappiness

[annathomas]

I like the point about money can buy happiness... In helping those who truly need it and will have a better quality of life which is honestly what we all long for.... A better quality of life

[jstefa]

i like to use a more general term. ''If you think money cant buy happiness, you are spending it wrong."

[varunsingh]

Good stuff man, really informative content. I also like the way you deliver the content, reminds me of Alex Becker full on polarizing and strong stuff! 👏

[miabecky]

*EVERY FAMILY HAS A LIGHT THAT BREAKS THE CHAIN OF POVERTY IN THE FAMILY I AM ONE AND I PRAY YOU BE THE ONE TOO.... NANCY SHERWOOD*

[martinlutherkingjr.]

Money is just a resource allocator. If those resources cannot fix your problem then obviously money won’t help. But I do think more resources can solve a lot of problems, including some behavior problems.

[adolphgracius]

now, imagine still having all the problems but broke

[prepordietryin]

But if you're insecure because of money problems, then money CAN solve that 😆

[lilanonx]

Facts thanks I wish everyone saw this video 👍

[garrettkulczyk]

If your wife has a deeper voice then you, money is not going to solve that..

[danielr]

Since I'm in the mood for arguing, I'll say that the examples you gave left me unconvinced. Money can get rid of an insecurity: just hire a life coach. Same for the bad relationship with your dad.

What am I missing?

[dangoman]

That comment about giving money away is the reason i chase success. I haven't made it yet but i can't wait to be there for my friends and family