How the rich avoid paying taxes - the Augusta Rule LOOPHOLE

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.

[hermanndercheruskerfurst]

No long intro, no clickbait, no bullshit, just four minutes of great information. Alex is the best finance youtuber hands down!

[jordanmarksberry]

I went to high school in Augusta, and EVERYONE takes advantage of this and leaves during The Masters week to rent out their homes and make 1k+ per bedroom for just a week.

[peterluisvenero]

This is the best channel I’ve found on YouTube ever. Thanks so much for sharing your wisdom. It says a lot about your character. Cheers!

[tannern]

Hey Alex, great video as always! Have you ever thought about doing a sort of day-in-the-life series or a behind the scenes look at some of your businesses? With the amount of value you provide standing in front of a white board, an in person look would be a grand slam home run! Thank you as always and take care. Regards, Tanner N

[coolpeips]

Amazing! Just discovered your channel and have been soaking up every video! Thank you for the value you add to the community . Can u you oh please do more videos on how small businesses can decrease their tax inefficiencies? I’m in a high income bracket and what we pay in taxes is atrocious. Thanks Alex!!!

[neds]

Love this! I coach almost all of my clients how to do this!

[saadselects]

Alex, thank you for taking the time to educate us. Respect.

[digg]

The amout of free value you give out is insane. Just wanted to say thanks

[balazsdomjan]

I'm shocked how you don't have at least 10 times more subs. All your vids are awesome, love 'em! Thanks for this vid! Keep them coming!

[jarredthomas]

The dislike button on this video will only be used by IRS agents. 😂

[SamStoltofficial]

I was just learning about this a week or two ago.. good stuff

[MarketingHarry]

I like the Augusta rule! Easy strategy that many people can implement and start taking advantage on. 👍

[goodsideofcrypto]

Love this thank you using it immediately ❤️

[IBCGlobalInc]

Love it! Great information and clearly communicated. 👍

[camrealone]

Just billed myself 14k. Boom. 1k a day

[mdsmiah]

Hey Alex, just a small bit of tip, put your notes or prompt behind your camera or at least in the same direction so you don't look over to the side so often. This video was awesome, thanks.

[realrajiv]

Thank you. I have an S-Corp and my primary home of stay is also my primary place of business. Can I still do Augusta/14 days rule. On a side note, I am reimbursing home expenses on 1120S via my S-corp accountable plan and employee expense reimbursement.

[KEN_DOES_IT]

Mr.Hormozi,
Thanks for the great content and education on business and life! Now I was wondering if in any of your businesses when starting out, did you ever have to raise capital to expand? Or was it done organically?

[jordanwebb]

Can you use the Augusta Rule while you write off your home office (percentage of mortgage based on office sq ft) on a monthly basis?

[alamedvav]

Now I remember why I subscribed to this channel.