Dave Ramsey's Advice to His Younger Self

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.

[LucasRogers]

When you have a Ted talk to do but you also need to hit the gym afterwards.

[Dario_Valentini]

I don’t know what you said, I was too busy staring at your quads

[thiswillprobhrt]

“Many of you guys do it”, Alex just 🔥 his entire audience 😂

[zh]

I didn't hear a word you were saying. i was looking at the quads

[kevinpthorntonthornton]

You have such a charismatic way about you!❤😊

[raminsafizadeh]

Excellent authentic pieces of insights and advice.

[NoteConference]

Self awareness is just the one thing to quantum leap you.

[thistest]

hhmmss: consistency start early constancy compound exponential order of magnitude growth

[aaronrebando]

If you look at his financial advice, that is exactly how Dave molds it

[zacturf-n-sports]

Why I love coaching football, it’s a game of inches and feet. Every now and then you get a big play, but when everything is “equal” being able to stay on schedule, and not make mistakes wins the games.

[anthonyrcoronaq]

I heard what you said and what shoes are you wearing?

[sduljye]

The one hit home runs are appealing to those without adequate capital to fund overhead to accumulate smaller incremental wins.

[ZookeeperJim]

Is 100 million dollars by 26 incremental yardage?

[readmycomment]

This is why average customer value and average transaction value matter so much.

[m]

Could y'all link the rest of the talk pls?

[Jacob-ftoz]

Anyone have a link to the full video or know where this clip was taken from?

[spooonsss]

i hear what youre saying...but i only see them quads.

[thehoov]

Homerun
Incremental yardage.

😂😂 Talk about mixing metaphors.

[Burger]

Take care of your looks bro, you’re not in the trenches anymore

[DG-krpt]

I feel like no one that watches this stuff needs to hear it. Its like Gary V with steriods. If people were to do the stuff they wouldnt have the time or be watching this. Lmao.