How the rich avoid paying taxes...MY strategy - Part 1

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.

[CraigPennings]

Alex, your channel is what Meet Kevin's and Alex Becker's channels used to be at their peaks. Please keep coming out with this type of content. You're currently the most valuable channel on Youtube in this space.

[ewaldsteven]

This is pure gold, and I recently picked up the same thing from Michael Saylor on how the ultra wealthy buy great assets, never sell them, then take out loans against them to live off of. I think this one tip is up there with understanding how compounding interest works... if you don't understand it, you pay. If you do, it's a complete game changer.

[TRXST.ISSUES]

So much gold man - you're truly frontrunning the future of content production. Access is democratized, and social currency becomes much more valuable than it has been in the last 20-30 years.

[killjoy]

This has always bothered me as a native Puerto Rican. That wealthy people from the states come here and then “park” their money here to avoid taxes. Now I understand it is completely legal. But unfortunately it puts Puerto Rican’s in a crappy position that our island is just used for wealthy individuals while the majority of island is below the poverty line. That coupled with the fact many new resorts, developments are being constructed driving the native population our or away…

[jarredthomas]

Alex! I just spoke with an EA that used to do bookkeeping for my window cleaning business. She made the same exact suggestion about loans! Keep up the good work.

[BenjaminMaciel]

PRETTY SURE YR GOING TO BE BLOWING UP HERE SOON... GREAT CONTENT!

[a.l.m.]

Could you PLEASE explain the details of how to borrow against assets. The “how to”. I have a low level HNW and have not found anyone yet that can explain to me how to do this. They just “borrow against your assets” [the end]. But, how??? PLEASE my man make a video explaining from start to finish how to pull this off. I am SO tired of watching my NW be devoured 40% per year. Thank you brotha for all you do!

[simoncasciaro]

Thanks for the great content Alex! Super interested in your content and I am super happy to see that legit people are becoming legit youtubers

[nashen]

Thank you very much for all your videos Alex. I am learning from each one of them as I am starting my own business.

[michaeld]

Great video Alex! With your expertise, can you please also make a video on corporate structures, business entities, etc?

Thank you in advance, I appreciate all the work you put into these videos! 💪🏼

[chedethierry]

Very valuable content for upcoming entrepreneurs. Love your approach on business & life in general. 👌🏽

[normanmeiercom]

I like the non BS content. Thank you. Great video

[gusjaramillo]

Great video here. Buying cash flowing assets is one of the keys to building wealth.

[CorneliaPauline]

Great video as always! I'd love to see you record a video on your view points for how you personally calculate the value of an asset, and than maybe go into details regarding which assets are of interest to you over time to invest in.

[henryferguson]

Greetings... Lawyer From Panama 🤙 huge fan

[AlejandroPerez-joiu]

Thank you for all the honest and fantastic insights. Thank you for sharing and mentoring

[pepawlowski]

Only YouTuber I know of that listening at .75 speed increases my efficiency! Thanks for the fireside talk Alex.

[charles-white]

Great stuff and I will have to watch your other videos. Thanks again!

[peybackthis]

Perfect timing because I’ve literally been contemplating the Costa Rica 20/4
Thx for this video stud

[jonblackwell]

Thank you, amazing per usual Alex. Also noticing your sub count went up from about 97k to 107k within the past week, sounds like you're hitting some other streams and people are finding you.