'I'm Broke... What Should I Do?'

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.

[.Hustle]

If you have ZERO dollars in your bank. This ain’t the video for you.

[DanielSquires]

Biggest paradigm shift needed is *you don’t need money to make money, you need creativity and financial literacy to make money*

[EckhelDreiundZweizig]

"I'm broke" - "LETS SAY YOU HAVE 50K $" 🤣🤣🤣

[literallyreal]

I'm broke... What should I do. "Let's say you have $50, 000..." Lol great video

[M.A.Vericks]

Wth? 50, 000 dollars is not broke! When we say broke we mean 0.00 dollars

[SyphonGaming]

We went from broke with $0 to having 50k instantly and buying a $700k business... 🤨

[xhesizai]

the hardest part about this, in my opinion, is to find the right team to help you with this. As brand new to the business.

[_masanda_]

In his head, he assumes everyone has 50k lying around as pocket change 😂

[basic_beny]

"to the unconditioned everything looks like a spending opportunity!" How many knowledge bombs does this man drop? Subbed

[inspiresoundpro]

Just want to say I flipping love your videos and your channel. Never seen so much pure truth being given. I have listened to, and followed, so-called gurus and motivational speaker types and never heard such pure truth. It's normally "buy my business coaching program and if you fail it's your fault. If you succeed it's because I'm such a great coach". Want to really say thank you for being a light of truth in an ocean of con artists and "coaches". You ROCK man!

[josh_ux]

Awesome video! I’m addicted to finding deals, both in real estate and businesses. You’re a saint for making great content like this, Alex! Keep serving the world brother!

[RadReelingFishing]

What did I just watch? I thought the guy was broke according to the title.

[realestatearena]

For those that haven't noticed, if you want more info, observe his bookshelf. He is showing a great reading list.

[ryanonate]

Just watched a couple videos man I am thoroughly impressed. Please keep these video coming.

[Gavatron]

Geez I wish was watching your videos a few years back! Before I got myself into trouble by buying a shit business which sent me bankrupt, but on the upside, that experience woke me the fk up and boy did I learn some serious lessons and then it kinda forced me to learn more about entrepreneurship, business and wealth creation and most importantly mindset! I still have a way to go on my journey and thanks to people like you Alex for helping me on my way! I mean really, THANK YOU!!!

[lawrenceklamecki]

Check with your SBA lender if they will do this. The SBA lenders I've spoken with require the seller financing payments to be deferred until the SBA loan is fully paid off. Which means the seller doesn't get a dime until the bank gets all of its money back. This makes SBA financing and seller financing incompatible from a practical standpoint if your SBA lender insists on getting paid back first.

[MrBabadude]

Love it, keep talking sense. You're throwing out some good insights.

[geoffmoore]

Alex, I've seen a lot of your videos, but this one has left the biggest impression on me. Thank you very much!

[JrnMnd]

Thank you for this. Really opened my eyes to new possibilities.

[christopherwic]

Wow Again!! Thank you Sir. This info is priceless and very much appreciated 👍