Why I keep a lot of cash in my bank account

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.

[zeketargaryen]

The way he says “ i have way more than that”🤣

[jalenad]

A bunch of people say "why would you keep so much cash" until a crash happens and all the people with cash can make big moves.

[lordomni]

He laughed like a wall street broker 😆

[sat_dadd]

My boy almost got insulted lol almost! He had to laugh that one off

[jamesnguyen]

Patience is a virtue, but it is more difficult to differentiate between patience and fear of re-entering too soon. I am definitely interested to see your moves in 2023!

[MY-nclq]

As symmetrical risk:reward. I don't mind losing 6-10%p.a on inflation because I am waiting for deals and opportunities that make me 3-20x my money.

[beeweezee]

Alex is not capping! He RICH! He worth 250 million! This man said him and his wife aiming for the Multi-Billionaire status.

[cornballs]

Alex was so adamant about having "way more cash" his face turned red lolol 😂

[brandg]

Correction: he has significantly more than $15m sitting in cash. I would guess it’s prob closer to $100m. But him and Lelia also have a portfolio company that has equity stakes in other businesses for which they have the skill set to grow so their money is working for them.
If you know how to provide value to companies to get them to grow, you don’t really have to worry about inflation.

[guahangarage]

Such a simple, straightforward considerate person. Much Respect 🤙🏽

[alighaffary]

I love how Alex laughs it makes me laugh as well

[goodfellas]

Damn bro you need security or landscaping a jack of all trades here 🤣🤣

[ThatWorkx]

Some people have a hard time grasping the concept that even if he keeps his money in the bank and a crash does affect him he’d still have more cash than all of us here to basically jumpstart any opportunities that happen because of a crash.

[lewisburton]

He gave him that Jeff Bezos rich laugh bahahaaahah.

[sadiai]

The way he looks down and closes his eyes shows how humbly he meant it.

[perthus]

“With leila closer to 15 haha what a goof” dudes worth 100+

[KalkiAvatarATWAR]

Plus there's about to come a time where everybody is gonna wish they had a bank full of cash to buy assets for rock bottom prices during the crash

[investingforbeginnerscommunity]

Rich getting richer. I’m glad I’m one of them. I mean us

[emphatically]

“i have way more than that”
MUAHHAHAHAHAH

[KoonceLyfe]

Very curious how to actually store this amount of cash. FDIC only covers 250k, and the rest is virtually at risk of evaporating. Is this where off-shore institutions come into play?