The School of Greatness - Alex Hormozi: How To Invest In YOURSELF To Become A Self-Made Millionaire
Episode Date: January 22, 2025A revelation about focus transformed Alex Hormozi's approach to business, leading to extraordinary growth from $40M to over $100M in earnings. In this profound conversation, the acquisition.com founde...r shares how ruthlessly eliminating distractions, investing in elite talent, and playing the long game with brand building became his framework for accelerated success. Through vulnerable stories about his early struggles with reputation and relationships, Alex reveals how systematically changing his behavior — not just his mindset — created lasting transformation. This episode is essential listening for entrepreneurs ready to make the difficult decisions required for exponential growth and anyone seeking to understand how small shifts in thinking can lead to massive results.Alex's FREE 100 Million Scaling CourseIn this episode you will learn:Why true focus means saying no to good opportunities to pursue the single most important objectiveHow elite talent can deliver 100x returns, making them worth significant investment despite the higher costThe critical importance of having a 70/30 ratio between brand building and direct response marketingA powerful framework for eliminating childhood "trauma" by focusing on behavioral change instead of processing the pastThe three brutal truths young men need to hear about success, including why deleting everything that doesn't serve your goals is essentialFor more information go to https://www.lewishowes.com/1723For more Greatness text PODCAST to +1 (614) 350-3960More SOG episodes we think you’ll love:Robin Sharma – greatness.lnk.to/1599SCJaspreet Singh – greatness.lnk.to/1644SCNoah Kagan – greatness.lnk.to/1572SC Get more from Lewis! Pre-order my new book Make Money EasyGet The Greatness Mindset audiobook on SpotifyText Lewis AIYouTubeInstagramWebsiteTiktokFacebookX
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My friend, welcome back to the School of Greatness.
Today we've got an incredibly successful entrepreneur that this audience loves every time he is on.
And I'm excited to bring you another episode with him.
His name is Alex Hermosy and he's one of the most brutally honest,
explosive minds on the internet today.
And we sit down and uncover the mindset shifts that have fueled his extraordinary success.
And I had Alex on, I think it was almost two years ago before
he really kind of took off on the internet and online. And I think that was one of the first
kind of long form episodes he did. It got millions of views. And he just became a machine of media
and content and really built his own team of just putting out tons of content
and has exploded his audience since then. We talked about some of the things that you might
already know about. He talks about, you know, in the beginning, selling his first company for 40
million to now generating over 100 million in acquired businesses. He shares his evolved
understanding of focus, talent acquisition and brand building.
He's one of the most brilliant brand builders today. More specifically, he talks about why
true focus means the quality and quantity of things you say no to and how to ruthlessly
prioritize every level of your business. This is something that I've been implementing more
and more over these last couple of months actually, not just in business but in life. And really prioritizing
the most important things in life, health, relationships, and business career slash money,
and just planning those things and saying no to as many other things as possible. And again,
with every decision you make there's's a trade off, right?
So it's like, okay, if I'm gonna become more disciplined
over here, that means less time over here,
or less travel and just free time
during this season of my life.
And it's really just understanding what season
of your life you're in and what you wanna create.
And again, with this trademark brutal honesty of his,
he's gonna break down why most entrepreneurs fail to scale.
And he reveals the three critical mindset changes
that transformed his business approach.
So whether you're just starting out
or you're looking to take your business to the next level,
Alex's insights on prioritization, investing in top talent
and playing the long game will fundamentally change
how you think about success.
I'm so excited for you to dive into this episode.
If this is your first time here,
we have been doing this show for 12 years now
on the School of Greatness.
It's crazy to think this is 12 years,
every single week for 12 years.
That's something that I feel like when people ask me,
Louis, what's your key to success in your podcast,
a little bit about what Alex talked about today is, I have played the long game. I mean, I don't know many people that do anything
every single week for 12 years except for breathe, eat and sleep. But I have been showing up
consistently for 12 years every single week and put out an episode, two episodes, three episodes
for the last eight, nine years now every week. And it's just been consistency.
And I'm not always perfect and I make mistakes and I've got things I've got to continue
to still learn and grow.
But I played a long game.
No one can deny that.
And I think about brand.
And that's one of the key things that have helped me succeed long term.
And there have been massive growth spurts and there have been setbacks and there have
been declines in the business
and the podcast, all these different things.
It's gone through phases and seasons,
but I keep showing up.
And if you keep showing up in your life,
beautiful things are bound to happen
if you're willing to set new standards.
And if you're looking to create
more financial abundance in your life,
I've got a brand new book coming out very soon.
I would love for you to pre-order copy. If you found any value from my show, it would mean the world to me. If you
went to the link in the description of this show right now, it'll be at the top of the description.
It's called Make Money Easy. It's all about creating financial freedom and living a richer
life. And if you want to truly unlock your financial abundance in 2025 and
beyond then go get a copy right now it's coming out very soon and I want you to
be one of the first to get it in your hands. Make money easy you deserve to
have a financial peace and freedom with the money in your life and I want you to
have it. Okay my friends thank you so much for being here.
I'm grateful for you.
Let's dive into this episode
with the one and only Alex Hermosy.
Welcome back everyone to the School of Greatness.
Very excited about our guests.
My man, Alex Hermosy is in the house.
Good to see you brother.
I am honored to be here.
Very excited.
One of the things that you just talked about
before we got started was the biggest mindset shift
that you've made this year that has helped you unlock
more money and financial abundance. Yeah. What is that big mindset shift that's helped you go from where you were a
couple of years ago when you launched you sold your company
I think around the 40-ish million mark to now over a hundred million in EBITDA. What has been that mindset shift for you?
So
There have been I would, two really key ones
and a third kind of bonus.
So the first big one was my understanding
of focus has changed.
And so if we were to define focus as the quality
and quantity of things that we say no to, right, because the most the most focused person would
do nothing but one thing. And so anything that's not that thing
would make you less focused. So if that's the definition of
what focus is, but I've thought about it, like, it's almost like
wine, where like, as it ages, there's more nuance, and there's
more depth to the flavor. And I feel like as my entrepreneurial
journey has has like progressed, my understanding of what focus means has changed,
because it's actually like focus from the top. It's literally from the top all the way down,
meaning the company needs to focus on one thing, not five. And if we have five objectives for the
year, it's because we, me personally, I haven't done my job because
one of those things is the most important. And if I can't tell my team this is the most important,
then how am I going to expect them to make that judgment without the context that I have?
And so it's like being willing to make the hard call. And I think a lot of people are
afraid of making it. And the more I've doubled down on saying, if I have to choose one thing, you think differently.
So like for example, if I said, you know,
Louis, what one thing, if you could only have one thing
happen in 12 months, what would reality need to look like
in 12 months for you to hit your goal?
Like what one thing, if that only thing happened
the rest of your goals, would either be accomplished
or become irrelevant as a consequence, which is the more common one.
And so in thinking about that, like this is four years ago, the big thing that I had was
like, if I just built a big business brand, then I don't need to be the best picker of
investments.
I don't need to be the best negotiator because I'll have more proprietary deal for this.
So people will want to, they'll just want to come invest with me or have me invest in
them and I'll be able to pick the best company because I'll get more at bats than anyone. or proprietary deal for us. So people will wanna, they'll just wanna come invest with me or have me invest in them
and I'll be able to pick the best company
because I'll get more at bats than anyone.
And I don't need to be a pro negotiator
because people wanna do a deal rather than just like
auctioning off between me and 10 other parties.
And so it's like, if I can just,
what's that one thing for this year?
And I think where kind of strategy comes into things
is by forcing that focus and saying no to the other things,
you get really, really selective.
And that's at the top level.
So what's the main focus for you then?
For this next year.
Yes.
What was it this year,
and what will it be for the next year?
So this year was actually developing like a farm system
for the portfolio.
Deal flow?
Yeah, so basically what we figured out was, we looked at our number one, so we looked at our whole
portfolio and right before we were talking about this, I was saying how we had kind of
pruned things.
And so I'm a big believer in deleting as much as possible because you only have fixed bandwidth
and if strategy is limited resources against unlimited opportunities, and so your prioritization
of that limited amount
of stuff against the things you can do,
like that is strategy.
And so we had 24 portfolio companies.
And so I trimmed that to 10 within the last 12 months.
On top of that, I did no new deals.
Does that mean you sold your equity stake in those?
Yeah, you just got them out.
Yeah, I basically got rid of them at a loss
or whatever you wanna call it.
But the thing is that the portfolio as a whole
still outperformed the previous year
by focusing on the stallions.
And so on top of that over the last year,
we only did one deal, which before that
we'd done 12 deals the year before.
And so-
Did you need to do those 12 deals first though
to see where you were?
Oh, I think so.
Yeah, I think so.
You can't just do one deal a year to start out.
You need to have some losses.
I think it's a great point because it's very much like,
okay, if I want to be rich,
I should just fly private planes.
It's like, it doesn't work.
If I want to be tall, I should play basketball.
It's like people will conflate what you're doing now
versus what it took to get there.
And so those are kind of two separate things.
But back to the focus piece,
if strategy is prioritization of the resources, then having focus is part of strategy.
And then all the way down, because I've just hopped, I recently hopped into the media side of the business
back into operating, which I haven't done in years.
And it's been really fun for me because I have a better skillset now
than I did five years ago,
which was really the last time I really operated stuff.
And just ruthlessly focusing the team
on what one thing if we did in media would change everything.
And so to the question that you had,
this whole year has been dedicated to the farm system,
which was like when we looked at the portfolio,
we saw that our number one, number two,
and number four highest performing portfolio company
were companies that we had met prior to doing deals.
And so we'd work with them for a little bit,
just like me helping them out,
hopping on phone calls, meeting in person, whatever.
And I was like, ooh, okay,
there's something interesting there.
How can I recreate that process on purpose
rather than by accident?
So only one company, once you started the farm company,
made it to the top four.
But after you started doing this, right?
So number one, number two, and number four,
those happened by accident.
Before.
Just from me, yeah, me doing normal deals,
meeting people, whatever.
But now, I was like, okay, how do I create that?
And so that's why we started running these little workshops
at our headquarters.
So there's, I mean, it's just what we can fit in our office. So it's not huge. But we
invite entrepreneurs out and that way we can, we can meet them. My team meets them. We say,
Hey, this is what I would do. Like a lot of them aren't necessarily portfolio revenue
ready. But if we've helped somebody go from call it 5 million to 20 million a year, then
when they want to get a growth partner or they want to exit, our hope is that they call
us first.
So it's like an incubator weekend, not a full time incubator.
Exactly. Because I don't have the resources to. Exactly. Not a full-time incubator.
Exactly, because I don't have the resources to do that.
And I don't want to take my eye off the ball.
But it felt like, so that was basically this year.
That was the big thing that we did this year.
How many of those workshops did you do?
I want to say we probably did like 14.
Okay.
This year, so probably a little bit more than one,
like basically one-ish a month.
Sure, sure.
And it's like, you know, if we're busy,
then it pushes out and then we can do,
oh hey, we're kind of free. Let's do two.
Yeah, so that's, that's, that's, that was the big thing.
And then focus all the way down.
Because it's just been more and more ruthless in terms of being able to say no.
Like I talked to, I talked to somebody on my team and I say, your job, if you just did
this one thing, it would make your job the most valuable version of your job.
And then they say something to the degree of like, well, I have all this other stuff.
And I'd be like, cool, don't do it.
And they just look at me and I'm like, yeah, don't do it.
I'm the boss here.
I'm the one who pays you.
Don't worry about it.
It's fine.
If you just do this.
And so the thing, the feedback I'm getting back is like, dude, it's so much easier.
If I just have to do this one thing, I can totally crush this.
And so everybody needs focus.
And I see the job of the boss at every level, entrepreneur or division head or department
leader, manager, whatever, as constantly assessing the things that are on the people who report
to use plate.
It's like, what do they have in front of them?
And how can I prune that tree?
How can I strip things away from them so that they can put all their resources into one thing.
To me, acquisition.com, like our little logo here, is the two main forces of business as
I understand them.
You've got supply and demand and the reason that it's a fulcrum is for leverage.
Leverage is getting more for what you put in.
The people who move fastest in life don't do more than other people.
They get more for each rep.
And so I think about that within across all the organizations that we have.
Like we spent a full day with our large portfolio company.
And I'm sure we'll transition off of like hardcore business, but this is what's top of mind for me.
We spent a full day with all the executives from our large portfolio company,
which this year probably closed out at 110 million.
That's software business.
And we grew from two million.
So we've been very integral in the growth of the company.
And what they came in with the day was five objectives
and each objective had five sub tasks.
So it's 25 things that we had to do for quote this year.
And I was just kind of like sitting a little bit more
quietly throughout the day, like, hmm,
just taking it in like something felt wrong.
25 things. Yeah.
A lot of tasks. A lot of stuff.
And so at the very end of the day, I ended up going to the whiteboard
that was on the side of the wall.
And I wrote one, two, three.
And I wrote the three things that I thought we needed to do.
And I said, and we don't do number two until number one is done.
And it was this really clarifying moment. So I was like, if we don't do this one, nothing else matters.
And if we do this one, then this one will be worth more. And so it's like, this will
multiply the second thing. And I think there's this big fallacy of concurrent tasks. Like
a lot of people, it's been super well studied that if you switch between tasks,
you're way less effective, you're like 75% less effective
when you switch between two things,
let alone like five, and your phone,
and your kids, and your whatever, right?
And so I think there's this big fallacy
that I've changed in terms of how I operate,
which is that we actually do things in sequence.
We do things in an order.
Meaning, although you might have five people on your team,
we need to deploy all resources towards solving this one problem. And then once that problem is solved, what
happens is the fact that the other four fires exist, because let's be real, there's always
going to be problems. But the fact that the other four fires exist gives you urgency of
solving the first one. And so you actually get five things done faster when you do them
in order than trying to do all five at once. And yet for some reason we don't, we don't regularly remind ourselves of that.
And so this has been like, I'd say like that has been the single largest shift
in my entrepreneurial career.
And the reason that like at Jim launch, which was the company that I sold for
those of you who are listening, um, the biggest mistake I made in that business
was that when it was crushing, I then started another, basically another company rather than doubling down on what worked.
And basically the year that I started the second company, revenue didn't go down, but
my growth rate went down a lot.
So we added maybe like 30% in revenue when we probably could have doubled because I put
all my attention to this other thing.
And so things are going really well at acquisition.com and I had this inkling to do the same thing,
just repeat the same mistake.
And I was like, I cannot learn this again.
It'll be more painful.
Right, I can't, so much more painful.
The stakes are higher.
And so.
So focus has been the biggest thing so far.
Number one.
The second one has been my understanding of talent has also kind of developed like a fine wine
in terms of like how there's so much leverage with good talent. So for example, Steve Jobs gives this
great great analogy. He says you know in New York there's a ton of taxi drivers and the worst taxi
driver if you had to get it get you town, would maybe take you twice as long
as the best taxi driver.
Maybe he'd take you a third of the time of the bad guy,
right?
But that's the difference between the absolute best
and the absolute worst.
But in a knowledge-based business like mine, like yours,
the absolute best could get a hundred times more return
than somebody who's even just good.
And compared to bad, obviously, I mean,
they basically wouldn't even ever happen.
They couldn't even succeed, right?
And so in thinking about that, I've doubled down
on the arbitrage of intelligent, hardworking people,
which is like, it's worth paying someone millions of dollars a year
if they can make you tens of millions
or hundreds of millions of dollars a year.
And I think that it's one of the great opportunities
that will always exist because there will always
be cheap entrepreneurs and who will not recognize
the outsized value of talent.
And I think that as I've, the longer I've been in the game,
to be fair, the more exposed to higher level talent I've become
and the more I know what's out there.
And one of my great mentors, he told me,
the best talent is always in the future.
And so whatever your standards are,
it's like you always have to keep pushing that standard
because as things grow too,
some people grow out of their sphere of competency.
They're not as good at this level as they were before.
There's nothing wrong with them or with you. It's
just seasons. And so my understanding of that has shifted in terms of my role as well. Like,
I see myself as lead recruiter for the top people, because the absolute best people only
want to talk to the CEO, because you're not giving them an opportunity to have a career.
They already have a career. They're giving you basically everything they know
to help grow your vision.
And so it's a lot more of you selling them
than it is them selling you.
They already have a tracker, but they already.
They're making money.
They have offers, they have headhunters
that call them every day.
You're not giving them anything that they don't already have.
And so it's like Sheryl Sandberg with Zuckerberg,
he met with her for dinner like once a week
for a year before she transitioned and took over Facebook.
And so it's a much longer recording process
and all the people that I'm looking at,
they're all killers.
And so rather than thinking like,
man, we really need someone to fill this role,
it's like, I need John to fill this role.
And John doesn't currently work for me.
He works for somebody else.
It might take six months.
Exactly, and I have to figure out a way
to get John to leave what he's doing and come work with me. Yeah. And so that has probably
been those have been the two biggest, those have been the two biggest changes or shifts
that I think have propelled acquisition.com to just the last few years have just continued
to get better and better. Wow. Is focused on the one thing that matters most and be
disciplined enough to say, yes, we
aren't going to do these things and yes, they are problems and we will get to it as soon
as we finish this one thing that matters most.
And then in order to execute on that, you need the absolute best and brightest because
the arbitrage on if somebody, if that imagine the difference we had this as engineers, right?
This taxi driver thing. If a good engineer costs $250,000 a year,
and an amazing engineer costs a million dollars a year,
but you get a hundred extra turn on that guy,
it's still a better deal, even though it costs more.
And I think that's where people get mixed up,
is that it costs more, but it's a better deal.
And so talent is a better deal.
This is the fear for most people is,
okay, what if I make that $200,000 investment
in the person, half a million dollars,
and it doesn't work out?
And they're lazy, they're entitled, they're this or that,
and I just invested six months of my life recruiting.
All this money, all these things,
and they're not delivering what I either expected or hoped
they would.
I think you'll love this.
So this is, so what we outline
is the job of the entrepreneur, risk.
The reason that we are outside,
our compensation is outsized to our effort
is because we're willing to take on risks
that other people aren't.
And that's-
Doesn't always work out.
Of course, and that's, but the thing is just like,
if you think about like, let's say there's a casino, right?
And you have
a game where you've got a one in five shot at a 100x payout. Well, you should play that
game every time knowing you're going to lose four out of five times because it's worth
it for 100x payout, but you lose more times than you win. And that's the difficulty from
the human brain perspective is that we see two, three losses in a row and we're like, oh, this doesn't work or I'm a failure or whatever, but it
just may be intrinsic to how the game works.
And so most volatility comes from lack of volume.
And that's all the way down.
So like me trying to get my side business going at sea or whatever, like I'm trying
to get my little accounting or bookkeeping business started.
They're like, clients are kind of sporadic.
I'm getting one every other week or so.
But if I took the whole year of the amount of promotional effort you did and then I crunched
it into a week, then you'd actually be able to have predictive metrics that make sense.
It's just that you're having 100 conversations over six months and those 100 conversations
create three deals and so it's like okay
What appears sporadic or what appears volatile is actually a function of low volume?
You're just not doing enough. We're not on a on a fast enough time horizon
And so I think about this a lot whenever there's inconsistency
I said do we just need to do a lot more so becomes consistent and we have the illusion of inconsistency
But we just need to increase end by a hundred fold.
And then all of a sudden it feels very consistent
that 3% of conversations turn into customers.
And then all of a sudden now we have a business.
Yeah, exactly.
What would be the third thing then?
Is it a third and then a bonus or is this a bonus?
Yeah, the bonus one is basically my understanding
of branding has, I feel like, also developed.
All three of these things are not new concepts.
I feel like my understanding of them has deepened.
I look forward to deepening my understanding of them even more in the future.
I had a wonderful conversation with Ben Francis, who's the CEO of Jim Sharpe.
For those of you who don't know, he's like 32.
They do a gazillion dollars a year.
They're like the number two biggest apparel brand in the UK.
We had a really impressive, awesome guy.
And we were talking about basically the ratio of branding versus asks direct response that
is the right for a business.
Now, everybody's listening to this is like, I don't even know what he's talking about.
But I'll tell you a story that he told me
and it changed my perspective.
It was probably the most influential conversation
I had of the year.
So the CMO of New Balance got fired
because they had 15 years of decline.
So the new guy came in and he went to the CEO and said,
hey, can I just swing for the fences here?
Can I really, can I take a big bet?
And the guy said, sure, go for it.
And so what he did was they had 70% of their advertising budget going towards just, you know,
discounts and deals and getting people to directly buy shoes.
And then 30% was going towards like influencers, sponsorships, endorses,
more top of funnel awareness, like, you know, cool factor.
And so what he did was he flipped it and he made it 70%. influencers, sponsorships, endorses, more top of funnel awareness, like cool factor.
And so what he did was he flipped it and he made it 70% influencers and sponsorships
and cool factor.
Branding.
Branding, exactly.
Positive associations for their ideal audience.
And then 30% was, hey, come buy the shoes.
And so over the next 18 months,
they just kept losing more money.
And then on month 19, it just went boop,
it started going up.
And then it just shot up like a gun.
And-
It's kind of changing the perceived value within the-
Oh, 100%.
Yeah, yeah.
And they're having a complete rebirth right now.
They're crushing it.
Crushing it.
Yeah, you see, it's like, it used to be dad shoes
and Gen-C girls who have like white socks pulled up,
going to the gym
in New Balance, and I'm like, what is happening?
But there's a number of smaller lessons
that I took from that.
The first one is that branding happens at a delay.
It's like he changed the behavior and it took 18 months
in a big company that spends a lot of money.
It's when I think about that for myself,
it's like I'm living today based on work
I did two years ago. And so you wanna dig the well before you're thirsty. And so if I I'm living today based on work I did two years ago.
And so you want to dig the well before you're thirsty.
And so if I'm thinking to myself, what do I want two years from now?
It's like, I have to start digging for that water today.
I need to plant that tree now.
And so that was number one is just the delay between how long basically when you need to
start changing your behavior and when you see the result of that behavior.
The second thing is founder-led companies
tend to do significantly more investment in brand
versus the corporate suit-owned guys
because they are measured by quarters.
And so that's why they tend to destroy companies
over the long term because the day that you go shift
from branding to 70% direct, hey, buy the shoes,
for a period, you do better.
You're pulling forward revenue that's, hey, buy the shoes, for a period, you do better. You're pulling forward revenue that's maturing,
kind of like a fruit on a tree.
It's like you're plucking some fruit a little bit early,
but you end up filling the basket faster.
But then there's no more fruit to pick
because you haven't been planting your trees.
Right.
And so- Interesting.
And so that dramatically shifted,
and it also had a quantifiable metric to it,
which is, and what's interesting about the 70-30
is that it's super well studied,
because, so TV, Facebook, if you look at the ratio
of posts to ads on your newsfeed,
you look at the ratio of minutes on a show
compared to ads, they've already studied this.
They know how to maximize, okay, how do we put
as many ads as possible
without getting people to stop watching, right?
And so the ratio is about three and a half
of what basically good experience is to ads
that has to occur.
And so when you think 70-30,
it's a little bit, they're a little bit on the lower side,
but so for me, I take it as like,
it'll probably be closer to 25-75.
But I'm also, I'm assuming that they're rounding and there's you know of course and
numbers change but the fact that it was in parallel with the same ratio that
consistently delivers value and allows you to monetize it was it was it
corroborated different evidence that I had on different platforms. So what are
the three biggest moves you'll make this year to invest in branding that won't get you the return
you want now, but will bring astronomical results later?
My book.
I literally, this quarter, after looking at everything,
I was like, because obviously I'm in the business space.
And so it's not like I can sign Seabom up like Gymshark can
and just get all the athletes and have them promote my thing.
Like I can't get Elon Musk to promote me, right? As much as I let Elon, if you feel like it, let me know.
Yeah, yeah, yeah.
I doubt it. And I say that with the most respect.
And so I was like, within the context of business, there's really only two things that I can do.
One is go do big aspirational things, which is what we're doing with our actual portfolio companies. And the other is help other people
do those aspirational things,
which I can do most effectively
with leading with the books, leading with value.
And so I'm pushing more into content.
I'm pushing more into the books.
The books are free, unless you want a physical copy,
obviously you can buy them.
But like, those are big gibs.
And so I'm like, how do I put,
and I'm looking at how much I'm spending on team
and what the team is creating relative to what
the give versus ask ratio is.
And so I'm gonna be putting really heavy,
I'm gonna be doing more than 75%.
I'm gonna be putting like 95% towards it.
Cause I'm always happy to plant more trees for the future.
So is it more content or is it more promoting a book?
It's both.
Basically, the call to actions I'll likely shift towards
will be the book.
And from a content perspective,
I'm using the same concept of the talent piece,
which is if I had the absolute best people in the world
who could help me with the content that I have,
we could get 10 or 100x improvement in what we do.
And so I am going to be paying even more.
And I gave my whole team just massive raises.
And I also eliminated the people that I thought
weren't up to that standard, or just weren't as invested,
don't like business, things like that, right?
Just good, good objective editors, things like that,
that didn't mesh with where we're trying to go
You had to let go of a lot of people too. Yeah. Yeah. Yeah, I see that as as being kind not nice
As long term you want I want somebody to have the opportunity to be at a company where they have a very long-term trajectory
They're aligned with the mission and if someone isn't I think the day that you realize they're not you owe it to them
It's gonna like be got a relationship. If you don't think you're gonna marry somebody, I think the day you realize it, you should
release them to free agency.
Because somebody else will, and they are the right person.
There's a company out there that they're best for.
And even though those conversations can be trying in the short term, I've seen it work
out so many times that I have limited emotional affect when approaching them.
Because I'm like, I know this is going to be better for you.
I know this sucks right now, but you will not go homeless and you will not die.
Right. Right. And you'll figure it out. You'll figure it out.
We'll be okay. Yes. And so and we obviously, you know, we do our best to try and make
recommendations and so on. Sure. Sure. Sure. Yeah.
So the three big mindset shifts for you this year have been focus more on the main
thing, not everything. Yeah.
Find intelligent, hardworking people and really invest in that talent and be just for you this year have been focus more on the main thing, not everything. Yeah.
Find intelligent, hardworking people and really invest in that talent and be willing to risk losing or not working out also.
And the third thing is branding.
I'm betting big on brand.
Really betting big on more content, higher quality content, books, things like
that.
And all three of those things are aligned.
Yeah.
What's the one big thing?
If I can continue to 10x the brand?
That's the focus. What do I need for that?
I need the absolute best people and then how do I back that up with dollars and cents in time?
The only resources I have and so I'm putting all my resources into doubling down on that. That's cool, man
If you could go back to yourself before you started making money
What would be the mindset shift that you would have needed to have to go from more lack or
scarcity into abundance?
Only think about the actions and not about anything else.
What were you thinking about?
I mean, honestly, a lot of it was what other people would say.
It's so weird because it's so foreign to me at this point, but I remember that the most
terrifying thing that I ever did was quit my job.
It was the most terrifying thing,
it was the hardest thing I ever done.
For sure, bar none, not even close.
The hardest thing I ever did was quit my job.
I belabored the decision for six months.
I called every friend I had, I wasn't sure.
I remember just pacing in my tiny little condo back and forth
just on these endless phone calls
where I would just loop in circles.
It'd be like, I don't know, but I really wanna do it,
but I could fail, but what if I fail?
You know, like there's all this nonsense, right?
And so the thing that ultimately allowed me
to get over the hump was actually playing out
the worst case scenario in exquisite detail.
Like most of the reason that we're afraid to fail
is because we're afraid of dying in an abstract reality.
We think, oh, we catastrophize.
Okay, I'll lose my job, and then no one will like me,
and then I won't be able to get a job again,
and then I'll be homeless, and then I'll die.
Right, like, that's how we go, right?
But when I thought through it, I was like,
what would actually happen?
So if I went there and I failed, what would I do?
I was like, well, I'd apply to business school,
and I'd have this cool story, and they like like, well, I'd applied to business school and I'd have this cool story
and they like entrepreneurs or people who try to do things.
So this would actually, this would be fine.
This would be okay.
And I have plenty of friends
who would let me sleep on the couch if I had to.
I could go back to mom and dad's house
with my tail between my legs, which I felt it was,
that was honestly the most horrifying thing
that I could imagine going back home as a failure.
But the idea, the one that got me out of it was
I can always get the job back.
So like this is actually a significantly lower risk move
than I'm perceiving it to be.
I can just get it, I can get the job back.
Or I can get another job that's comparable.
I have the experience and me doing all this stuff
only makes me more valuable.
Because I'll have a cooler story than somebody
who just did four years of this job rather than two and
Then did you know two years of things on the road?
Mm-hmm, and so that was actually that was the one argument the secondary argument was for me
I was young at the time
I was like this is extremely hard to do if you say because I used to always tell people like yeah
I'd like to own my own business someday like it's almost like you like tag it on to like what's your you know?
What do you do now?
and I'd like to and so I I
Thought to myself if it's this do now? And I'd like to, and so I thought to myself,
if it's this hard now, when I have no kids,
I have no life, I have no stakes,
it's gonna be nearly impossible for me to do later.
And so I was like, I have to do it now.
And so I'm actually a very risk averse person,
despite the fact that I am a quote,
an entrepreneur now, I guess I'm not quotes,
I guess I am an entrepreneur. I think it's just because the influencer was,
so like, everyone's like, ah, everyone's an entrepreneur.
But that, those were the two strongest arguments
that got me to take the plunge and make the bet.
What would you say then for those
that don't have money right now,
is the frequency or the energy that money is attracted to.
I don't know what that means.
What would you think if money was trying to go somewhere?
Money is out there.
It's in the middle of the table.
Sure, sure.
What is money attracted to?
What type of a person is money attracted to? What type of a person is money attracted to? I don't... So I define everything by actions because it's the only thing that's observable.
So a person who takes action. Yeah. I mean, at the most basic level, yes.
And then one level above that, I'd be like, money is exchanged for goods and services.
And parties, when they make exchange, both parties are better off. The person who sells
the goods and services believes they'll be better off if they had the money,
and the person who buys the goods and services
feels like they'd be better off
if they buy the goods and services.
And so it's a mutual exchange, both people say thank you,
which is why capitalism is wonderful.
But the point is that you have to look at,
and I like people starting out with service-based businesses
because when you ask the question,
does somebody need to have money?
No, usually you have time.
If you don't have, you use, the first rule
of entrepreneurship is you use what you have.
First rule.
If you don't have money, use your time.
Yeah, and so that's because everyone focuses
on resources rather than resourcefulness.
And so every self-made billionaire and millionaire
was in the exact same position as you
because they were self-made,
which means that you have the same exact ingredients
they had, which is nothing, but also nothing to lose.
And that's what makes you the most dangerous player
on the board.
And that's the piece that I think
anyone who starts out misses.
You're the one, if you lose it all, you're still at zero.
You have unlimited shots on goal.
It's like life gives you a lottery ticket
and you're like, well, what if I lose?
It's like, well, the lottery ticket's free and you can keep cashing it in until you win. And so you might start
a car detailing business or you might start a lawn care business. And the thing is, is that
everyone has this fallacy that the first thing they pick is going to be the last thing they pick.
They think that's going to be their business forever. But I've had a lot of businesses over
my career and you learn at each time, like every business I've had I've I learned lessons from the ones before that before I moved on and it took me it took me
nine businesses before I actually had my like first real successful one with
Jim Lodge yeah you were saying before we got started that your thoughts on
manifestation yeah what are your thoughts on manifestation? Um, I Shy away from things that I can't define
and so I I function 100% in the observable reality and
When someone says I have manifested this I would say if you have a set of beliefs that you repeat it on a regular basis
That then changed your behavior the The behaviors will create this outcome, not what you repeat to yourself.
And so as long as whatever you do translates into changing what you do in reality, then
great.
Whatever it takes for you to do there.
But I just focus ruthlessly on that because how do you know someone's like, he's really
motivated?
You can't see if someone's motivated until after they've taken action, which means do
I need to be motivated at all?
I actually need to do something.
And that makes, for me, this has made business
teaching people, training, learning so much easier.
Because what happens is, if someone's good at something,
a lot of times getting good at something
and then teaching someone else to do that thing
are two very different skills.
And so people who don't know how to teach or train
then add a lot of
Energy and and mindset and all this stuff, but it's like dude just do this
Just do this and so what happens is we have these terms so people like man
I want to be more charismatic for example, right? Well, if I looked at someone and said be charismatic
What do you do?
You can't do anything with that.
And so what happens is we have these, I call them bundled terms.
And so it's these words that actually have a laundry list of behavior underneath of them.
So be charismatic really might mean when you walk into a room, stand up straight.
When you talk, talk louder.
When you shake someone's hand, like grip them firmly, look in the eye, try and say their
name as many times as possible. When someone's talking, you, like grip them firmly, look in the eye, try and say their name as many times as possible.
When someone's talking, you're doing it right now, nod your head.
It shows that you're listening.
And over time, if you do this laundry list, and there's more, people will begin to describe
you as charismatic.
But if I said, be charismatic, it's useless.
But if I said, do all of these things, then all of a sudden people would then say, charisma
has occurred.
And so in training people to do things in the companies that we have,
and also in trying to train myself to do stuff,
because I try and learn all the time,
I see the purpose of life as learning, as changing my behavior.
How can, if someone has a skill that I want,
I just, instead of looking at, and I don't even listen to what they say,
because a lot of times they don't know why they're that way either,
I just try to look at what did
they do that was different than what I'm doing and try and compare their reality
versus mine and say oh I need to I need to do this ah now it works and all of a
sudden people describe me in that way and so trying to operationalize as many
words as possible that are amorphous is how I've made sense of reality.
How has your relationship with money changed then
over the last few years?
Since selling a company to then growing your companies,
do you have a different relationship with it?
Honestly, not really.
I like to always know what I make per minute
because that, so I'll rewind the clock
in terms of the things that I have now
I think are a result of behaviors
that I did in the past that I haven't changed.
And it's just that I have more time under my belt.
And so I think one of the big misconceptions of people who are starting out is that the
amount of results you get in the beginning for correct behaviors are not indicative of
how correct the behavior is.
And so the first week you go to the gym, you're not really going to see anything.
It doesn't mean that going to the gym is wrong.
It just means that your results are gonna come out of delay. And so for me, it's like I checked my bank account
every single day for years until I had more money
that didn't make sense anymore,
because the volatility of the things I was invested in
made it irrelevant.
But I call it having a pulse on the money.
You need to know where it's going
and where it's coming from.
And when you have that pulse all of a sudden,
you're like, I know what an expense that costs $500
means to my bank account.
And I know what a thousand dollar check means to my bank account.
And all of a sudden, I started seeing my expenses as bundled time.
So I remember the first time I had this realization.
I used to work at a minimum wage job at a smoothie king.
I was a blender tender.
So I made $6.75 an hour.
And, and-
Peanut butter mood.
That's right.
Let's go, man.
And so what I remember,
I remember my coworkers,
it was like three or four people to a shift.
They would go get lunch at CoC,
which was next door,
it was like a sandwich shop.
Uh huh, yeah.
And, and I went with them one day,
and you know, I bought a normal meal,
and I think it was, you know, 12 bucks,
something like that.
You know, like, dang, that's two hours.
Exactly.
And I was like, wait, I'm only working a five hour shift.
And I'm using post-tax dollars.
And I was like, if I do this every time I'm here,
I only get credit for three of the hours that I'm working.
And so immediately I was like, wait,
I'm gonna cut my work efficiency in half
every time I go to eat lunch out while I'm here.
And so I was like, oh, I have to change that.
But then as soon as I realized that,
when I go to the mall on the weekend,
because that's what you do when you're 15 or whatever,
I would look at a new shirt from The Gap,
which was cool back then,
and I would look at it and it was like $30.
And I was like, man, if my boss came to me
at the beginning of the shift and said,
hey, work a whole shift and I'll give you this t-shirt I'd be like no I don't want to do that and so in
thinking about how much time it took me to pay for things all of a sudden a lot of stuff wasn't
worth it and so it shifted so from a my relationship with money is more like what what did it change
about how I spent and bought sorry how I spent and and how sorry, how I spent and how I acted to make more. And so I've always been a saver in terms of I always live below my means.
The first rule of money is spend less than you make.
First rule of money.
You don't need to listen to anything else.
You don't need to do any investing.
Nothing else.
The first rule of money is spend less than you make.
The second rule of money is take what's left over and invest it in making more money.
And I think the big piece, especially people who are starting out miss out, is that they
expect that they're going to get rich as rich people get richer.
And it's a different strategy.
When you need to, when you're starting out, you have to think about how you're going to
make money while you're awake, not while you're asleep. The only reason that people who are really rich think about how to
make money while they're asleep is because they've already maxed out their waking hours
and they can't put more time into investments. And so they have to, by consequence, pick passive
things to make money, but they already maxed out their active. Currently, you haven't maxed out
your active.
And the returns on active are significantly higher and lower
risk than passive income opportunities.
So for example, if I were in a, it's
about to be winter time in most of the US,
if there's snow in the area that you're at,
you could probably buy a push snowblower for a couple,
I don't know the rate of snowblower, call it 1,000 bucks.
And you could use a shovel in the beginning and you might be able to do two, maybe three
big driveways in a day.
Okay.
If you have a snowblower, you might be able to do 20.
And if you have that, then you just seven extra earning capacity.
And so it's a small, like what thousand dollar stock is going to seven extra pay?
Nothing.
Right. It's a small, like what thousand dollar stock is gonna seven extra pay? Nothing. And so I think people wildly, wildly undervalue
the active investments where you put a little bit
of capital and a lot of time and how much that capital
multiplies what you make with your time.
And so that's obviously in the physical labor
where you have a machine that helps you out.
But even on a knowledge based work, on, on knowledge based work,
the, the, one of the highest leverage things I did is
I paid a guy who knew how to run Facebook ads.
I didn't know how to run them. I had a gym.
I knew it okay.
Cause I'd like looked online and stuff, but I knew,
I was like, I need to get better at this.
And so I went to,
I went to three different agency owners and they all
pitched me their services.
And I said, honestly, I couldn't afford them.
And so I said, what, what would it take for you?
And this is the question. What would it take for you to teach me how to run ads? And I was like, I I couldn't afford it. And so I said, what would it take for you, and this is the question,
what would it take for you to teach me how to run ads?
And I was like, I'll pay you every hour.
He's like, I don't sell my time.
And I was like, it's America, everybody sells their time.
Yeah, how much?
Yeah, exactly, what would it take?
And he said $750 an hour,
which to me was an unbelievable amount of money at the time.
And so I said, okay, deal.
And I said, but the terms are,
I have to have my hands on the computer, not you,
and you need to tell me what to do,
and then I have to do it,
and then if you change something,
I need to understand the decision making behind it.
Why you did that.
Exactly.
And so it took me eight sessions with this guy.
Ooh, eight one hour sessions.
It was cheaper than hiring him for two months.
Totally.
Oh, he asked for 5,000 a month,
and I was like, oh my god, I can't afford that.
But every time I would do it and then I'd record it and then I'd rewatch it a couple
of times, I would take notes. And then the next one, I was like the best student ever,
right? But by the sixth time I got it and by the eighth time, I was like, I don't need
this guy anymore, I get it. And so that $6,000 investment made me millions of dollars in
my life because I knew how to
advertise, and I didn't know how to advertise before I could get leads.
I could call them and close them, bring them to my gyms, and then eventually I showed other
gyms how to do the same thing that I did.
And so this is the leverage, right?
How do you get more of what you put in?
And the biggest and best investment that you can make is in your own skill set, because
skills are the ultimate hedge against inflation.
They're the hedge against currency changes. People are like, what's going to happen to the dollar?
Doctors are going to get paid in seashells or Bitcoin or US dollars. It doesn't matter.
If you have value to exchange, the world will exchange for it.
Yes.
And so that's the big thing that I think people who are starting out miss.
What's the number one skill that people should be investing in to earn more?
Promotion. You need to learn to advertise. So if you think about it in sequence,
right, if you start a business, what are the contingencies?
If no one knows you exist, no one can buy your stuff.
And so you have to first let people know you exist.
So it begins with advertising. Now,
advertising doesn't mean you have to run paid ads.
I say advertise, I define that as letting people
know about your stuff.
And so you can let people know one-on-one via outreach.
You can DM, you can email, you can phone call,
you can knock on doors, and all that's one-on-one.
You can make content, you can post on public platforms,
you can stand on the sidewalk and shout,
it's one to many, right?
And the third way you can do it is you can run ads.
The fourth and kind of like secret or more advanced ways
that you can use those to then go get somebody
who already has that audience that you want.
So you get an affiliate to then refer you business.
And that's an amazing strategy,
but in order to get in touch with those,
you reach out one-on-one, you make content,
or you run ads.
So those are gonna be the core things
that you're gonna be able to do.
And so in the beginning,
you have to do that to get the first interest.
Now, I think where people make mistake is
they then double down on that at that stage.
Oh, this worked, I should do more,
which is a logical thing to think,
but long-term, the product is going to be the thing
that's going to allow you to scale really, really big.
Now, don't get me wrong.
You can make a few million dollars a year,
10 million dollars a year being a really good marketer,
being a really good promoter.
You get limited at a certain point
because you burn through a marketplace
because people understand the concept of word of mouth.
They're like, yeah, you wanna have word of mouth.
But what they fail to realize is that negative word of mouth
is significantly stronger and more viral.
And so all of a sudden,
when their advertising stops working
or their cost to our customers doubles and triples
But the cost of the platform hasn't doubled or tripled
It means that you have an invisible hand that's
Suppressing your results which is that somebody who would have bought heard that you're not good or that you're even mediocre and just decides not to
And we do this all the time like yes, you're like I was thinking about checking out the restaurants like I went
It was and that's it. It's done. Just like that and you would have gone if that person hadn't said anything
Yes, I was gonna go to that movie. How was it? I mean, it's done, just like that. And you would have gone if that person hadn't said anything.
I was gonna go to that movie, how was it?
I mean, it was okay, done, yeah, that's it.
And so people overestimate,
it's so hard to get positive word of mouth
and it's so easy to get negative word of mouth.
And that's what suppresses you long-term.
So in the beginning you advertise,
then you maintain that level of advertising
to continue to iterate the product
because you need to get the people in,
and this is the unfortunate part,
but you bring people in knowing your product's
not that good and you just do the best you can
and you keep making it better and better and better
until you get people to stick
or get people to come back.
And so if you have a membership business,
it's obvious you want people to not cancel.
If you have a consumer business,
like if you sell coffee, you sell Coca-Cola,
whatever it is, it's how reoccurring is the revenue.
How likely does that person who buys your coffee
come back again to buy coffee,
whether it's a shop or it's a product, doesn't matter.
And so once you know that people are coming back,
it means you fixed the product sufficiently,
that now you go back to the advertising
and then you double down, you go crazy on it.
If someone only has a few thousand dollars a year extra
to spend on something, what's more important for them
to invest it in the stock market or real estate
or to invest in themselves?
You know where I'm going with this one.
So my favorite ism that I like is don't invest in the S&P 500.
It's invest in the S&ME 500 because you will get so much more on active income by investing
the small amount you have into increasing your earning capacity than you ever would.
Like just think about the dollars here. So let's say that you had
$1,000 saved up. If you invest in Apple, whatever, or you've
invested like you'll have a 20% gain this year, a 30% gain this year. Okay, great.
So now you have $1,300. But $1,000 can teach you a new lesson or a new skill that can take your earning
capacity, because if you only have $1,000 saved up, you either make very little money
or you're not following the first rule, which is you've got to spend way less than you make.
And so if you're on the I don't make a lot of money part, by the way, you can still definitely
save more, but if you're on the I don't make a lot of money part, then doubling your earning
capacity would, by the end of the year,
you might have $30,000 saved up rather than one
or 1300 in the alternative scenario.
It's not even close.
It's an order of magnitude, it's not even close.
But everyone's afraid of work
and everyone wants to get rich quick,
which is why lotteries continue to make money.
And so if you can just get out of that basic fallacy
that you're somehow going to get lucky,
I would rather get rich for sure and be willing to, like that's for me, like success insurance
is extending the time horizon and being willing to learn skills along the way.
That's success insurance.
Because play out the other scenario.
If you actually do hit the lottery, you also lose it because you don't have the skills
to keep it.
That's true.
So the other path is pure fallacious thinking.
It's false. It's a false
dream. It's never going to result in wealth. If you get rich quick, you get poor even faster.
We've already seen it. Say that again. If you get rich quick, you get poor even faster. Why?
Because you don't... So my favorite magic card... Hold on. I'm going to bring it back. My favorite
magic card was this card called Burning Wish in Magic the Gathering. The flavor text on the card said, she wished for a weapon, but not the skill to wield it.
I always loved that text because I thought about that as business, as money.
It's like we wish for money, but not the skill to wield it because money is just a potential for exchange.
If you don't know how to make it,
then everything you have is a nut that's going to go down.
Because you also don't know how to make it, then everything you have is a nut that's going to go down because you also don't know how to multiply it if you got lucky.
Anybody who wants to get rich quick only is relying on luck.
You're relying on chance.
You're gambling.
You're not investing.
If you want to play the game, and unfortunately, the tweets, the Instagram posts, the whatever,
we see someone's screenshot when they go from $10,000 to $1.5 million.
You just don't see the other 100 people or 1,000 people who put $10,000 to $1.5 million. You just don't see the other hundred people
or thousand people who put $10,000 and went to a dollar.
And so the idea is I wanna get rich for sure.
And the surefire way to get rich
and the reason all these billionaires get up there
and they say, hey, just invest in skills.
And it was like, sure.
It's because that's the only thing that protects you and I come
from a country or my father knows where country rather where my family everything we have was
taken from us by the government and so it's very real that you may have to start over halfway through
your life at zero and if you do ride all the only thing you have is what you do with your brains and
your hands and so my grandfather who I was very very close with, the only thing you have is what you can do with your brains and your hands. And so my grandfather, who I was very, very close with, used to always say, you have two
hands and one brain, use them.
And my father came here with $1,000 and he built the life that he has now.
He's a doctor.
But that was only possible because he had skills.
And even though everything was taken, land, houses, everything was taken,
you can't take, no divorce, no tax,
no government can confiscate who you are
and what you can do.
And I see that as the ultimate freedom
and independence of excellence
and representation of excellence.
If someone has skills,
but they have a bad relationship with money,
or they have money wounds, or they have money wounds,
or they have money beliefs that they live in fear around
whenever they receive money.
Are they able to earn and make a lot with those money wounds?
Yeah, and so I will, first off,
I don't know what money wounds are,
but if I can define it the way,
I would define what you're saying.
Yes.
So it's like bad money beliefs, money wounds, money trauma, bad money energy, all of that.
I'd buck it into bad behaviors under specific conditions, which is that you don't know how
to behave with money.
That's all it is.
How do people learn how to behave with money?
Well you follow very simple rules.
The first rule is that you spend less than you make, period.
No questions asked.
That's it.
What if people have never had money and then all of a sudden, oh, I got $1,000 and they
get excited or they get scared or they get worried?
How do you manage the energy that money brings to you?
So I think it's thinking in ratios.
So it's like, I will save this percent, I will spend this percent, this percent goes
to my house or my lodging, this goes to food, and you just have to stick with it.
Now I think that that process is good to go through,
but I agree that when you don't make a lot of money,
what feels like a lot of sacrifice
results in very low payoff.
And that's why I'm bullish on put as much as you can
in increasing your earning capacity.
Skills.
Yeah, and the thing is, you don't have to bot,
so you really only have to have one skill and
then you can get every other skill you need in your life.
And so when I got into the business game, the only real skill I developed quickly was
sales and I even have that skill, but I had to for the gym.
So I learned how to sell, I got pretty good at it.
And so I would go to these networking things, I would meet other business owners and I felt
like I was a collector of fine skills.
I would find people, and I'd be like,
hey, how do you get customers?
And somebody would be like,
oh, I'm really good at Google PPC.
And I'd be like, ooh, I don't know how to do that,
that sounds interesting.
And so what I would do is I'd go and say,
hey, what's your sales process look like?
And they'd be like, oh, you know, it's okay.
And I'd be like, hey, do you mind if I just like,
I'm pretty good at it,
and I can walk you through what we do, because I might help you out.
And so then this is the key part.
If they said yes, which plenty of people take free work,
I would then treat it as though they had paid me
for like a $10,000 consulting gig.
I would do tons of research, I would talk to their team,
I would re-script what they had,
and then I would train their team on how to manage it.
And this is when you know you did it right.
I would present it to them
as though I was making a presentation,
and they'd be like, dude, this is too much, man.
Like, whoa.
And then the magic thing comes out.
They say, what can I do for you?
And I'd be like, it's funny you ask.
Can you show me your PPC stuff?
And the thing is, is that they would give me less
than I gave them, but it was more than I had. And so it was a net positive game. And so you only need to develop one
skill and then you can barter for everything else. So like in the networking groups that
I joined, I got voted the best, you know, the member of the year, the first year they
ever had it. When I was in my fraternity back in the day, I became voted president. Like
I always tried, like when I was in high school, I was editor in chief of the literary magazine
and vice editor of the newspaper.
Like I always tried to like,
how can I trade what I know?
How can I just keep trading up?
And that's fundamentally what I've done my whole life
is just trade up.
And the risk here is that let's say you do all this work
and the guy says, thanks,
and then just gets off the call.
Well there's two possible scenarios.
One is you're not as good as you think you are.
Or they don't function with reciprocity.
Yes.
And that's okay because again,
volatility only appears volatile with low volume.
Yeah, you gotta do it a lot of times.
If you do it 100 people, you'll get what you want.
And if there's three guys who know PPC,
you give to all three, maybe one of them helps you out.
Absolutely.
But you're still better off than you were before.
And so this is how I leapfrogged in my earning capacity.
Really?
Oh, 100%.
And then for the people who I couldn't,
I would do a favor and ask to pay them.
You know, I would do whatever I could.
And I would encourage people to,
I spend so much money for one-on-one time,
and I also think there's something very powerful
about being in person.
Not Zoom.
Yeah, I think there's something,
I think that you can observe far more behaviors in person.
There's so many things that are lost on Zoom.
What's the most you spent on one-on-one time?
I spent $350,000 for an hour.
An hour?
Yeah.
With who?
Guy who's worth seven billion.
What was the biggest lesson he taught you in that one hour?
He said, protect your reputation with your life.
Did you need to spend 350 grand for that?
I think that there's something powerful about knowing
that someone who is much further ahead says it to you.
And it's not that that advice is something
you haven't heard before, but it's the advice
that you needed to hear right now.
And that was what I needed to hear right now.
Protect your reputation with your life.
What does that look like?
And how does one do that?
When anyone can speak about them negatively online and say what they want and make stuff up or you can only control what you do and so the stoke approach to this is that you know the truth and
You know, there's the whole like, you know bad bad news
You know lies get out of get around the world before you know, the truth gets out of bed
But I see lies a lot like so Warren Buffett says this
about the stock market, he says in the short term,
it's a popularity contest, in the long term,
it's a weighing system.
And I see reputation the same way,
which is in the short term, somebody could make
some viral thing about you, or they make some piece
of content, some hit piece, whatever it is.
But if you do right by the values that you have
on a long enough time horizon, you touch enough people the surface area of your reputation compounds, because it's not
just that you do business with one person, but as soon as, because if you do grow in your reputation,
then more people will ask about you to the people who have met you, and then they will give you,
they will give their opinion, just kind of like the movie before or the, or the, the restaurant,
whatever. Yeah, exactly. And so if every person who has done business with you is like, he's tough
with air or like he's very ethical or like, you know what, I would, I would
trust him with money.
You know what I mean?
If, if, if you have that, that core set of beliefs and you behave consistent
with that, those bundled terms, I want people to think these things about me.
What are the behaviors I have to do in order to get them to think that I'll
give you a story about this. So when I was in college, I had a bad reputation
with women in my freshman year. I went from high school where it was a small pond and I had kind of
ruined my reputation there. And so I went to like a new area where like no one knew me. And I was
like, oh, this is like, it's like virgin land, right? Not with the pun intended. But I went to college and I very quickly got the same reputation.
Really?
In weeks.
Oh wow.
And so I went home depressed and I went to my dad and I was like, man, I was like, how
do I get all these people to stop saying that I'm a man whore or whatever and that I'm just
like this guy who just goes around and sleeps with girls?
Because it's preventing me from sleeping with women.
And he said, and I had all these ideas of like,
maybe I could do this, or I could,
like I had all these like strategies.
And he said, have you considered not acting like a whore?
Right, not sleeping with women.
Yeah, and I was like, no, no, it can't be that.
And so, but it's like as a kid, like you,
for the parents, they are listening,
right?
I dismissed it immediately.
But, you know, on the on the flight back and in thinking when I'm, you know, sitting there
alone in my dorm, I was like, maybe I do need to just stop acting this way.
And so what ended up happening is I decided I was like, I'm, I'm, I'm going to be someone
someone that I want to be proud of.
I want to be proud to associate me with me because I want a different caliber of girl. And that caliber of girl is not going to go for this,
you know, this guy who's always chatting up. Like I want a good quality girl. Not just
hot but good character. And it took basically two full semesters of me acting like a priest
basically. And just like doing well in school, studying hard,
just being a contributing member of society
that all of a sudden like the reputation started to change.
But like the New Balance reputation, it took time.
And so it's like there's this period of time
that you have to go through and be willing,
because right now you are living through consequences
of actions you took last year, five years ago.
And so you have to be able to split it without getting the reward for it.
And that's the hard part.
And that's the part that no one's willing to go through.
And the longer people know you for one set of characteristics, the longer it's going
to take for them to unlearn that.
This is a really good point.
So the reason I think it's so hard for people back home,
right, so for anybody who's ever left home
and you go back and people treat you a certain way.
Because they knew you for 20 years.
Exactly.
And what's interesting is imagine over,
imagine you went to high school with somebody
in middle school, all right,
so it's like they had eight years with you
and they had every single day they had hours
and hours of exposure.
You go back and they have two days a year during the holidays to see you.
Well it's like okay well two days out of ten thousand were this way. Yeah, yeah.
It's almost never gonna outweigh it. I've given a lot of thought to this because I was like why
can't I change everyone's mind? Because like I have changed so much but the reality was that the
exposure required to change their perception of me was greater than the time that I was willing
to dedicate to it.
You need to spend two or three years with them now
to show up as you are, not two days.
Exactly, and then the trade-off is, is it worth it?
No, it's not.
I don't have any childhood friends anymore.
Of course, and I'll also make this point
to anybody who's in that situation where you're like,
man, I don't wanna be like these people,
I don't wanna be like my friends that I have right now, is that you have to be willing to accept that you may lose
those friends or you probably will lose those friends, but you will gain many more with the
caliber of person that you want to become and you'll get caliber of friends that match it. But there
is a transition period where you'll have neither. It's tough, man. For about a decade, I felt like
I didn't have many friends. I felt like all my childhood, high school, college friends,
they didn't wanna hang out, or when we hung out,
they didn't really understand me,
and they were kinda judging me,
and it felt like, why are they always talking weird
about me behind my back?
Why am I not invited anymore to stuff?
Like, all these, it's kinda hurtful, right?
I totally.
But at the same time, those, I guess, childhood friends
that I maybe do have, or I talk to once in a blue moon,
they've chosen to accept the person I've become
and appreciate who I still am,
not expect me to be who they once knew.
And I can respect them for that
and not judge them on their journey
and just accept them for being a friend.
Yeah, and I think, well two parts.
One is the people who hate it
or the people who don't accept the new version of you They downplay your success for being willing to take a risk that they were unwilling to take
Because it may like your success makes them feel bad whether they whether they say it or not
It does because humans are comparative creatures. We look at one another that's I mean we learn through modeling
We see what someone else does and if they did something that we aren't willing to do and they have something that we don't have
we start not liking them
because what does that mean about me?
And so the, what does that mean about me?
It's much easier to say, he's changed and he sucks now,
rather than saying, I didn't and I suck.
So hard.
Because the people who don't know how to say you've grown,
say you've changed, and they say it like it's a bad thing.
And I think the simple response to that is,
and you have it.
And I think it's being willing to sit in that
and be like, I'm okay with this.
And I have lost almost every friend,
or rather I could say I have actively cut off
every friend that I've had.
You know, from the beginning,
I have one friend that I still have
from middle school, one friend one friend that I still have from middle school.
One friend.
But basically no one else.
And that one friend is because he is a champion.
He's a cheerleader.
He has a different life, but he's just like,
dude, go get it.
Not at all.
He's not criticizing you.
He's not judging you.
He's like, you're amazing.
And you keep him in your life.
And he's also not a money guy.
He's an F.I. agent.
And so he's exceptional at what he does.
It's just not money related.
So we have this perfect thing where neither of us,
we have no competitive overlap.
So I'm like, how many drug rings did you bust this month?
He's like, aw dude, let me tell you,
these Syrians, this whole gang I took down.
And so I get to hear this whole thing.
He's like, what deals have you done?
Because we get to kind of live vicariously.
But those relationships are rare.
And if you find somebody who speaks well of you behind your back and talks to you to your
face, those are the friends that are worth keeping.
And if you can find somebody who can do both of those without flipping every conversation
and making it about themselves, I think you have somebody who's worth keeping.
But most people don't even meet one of those,
Christ's sake, let alone all three.
Speaking of young men and ourselves when we were younger,
what would you say are three brutal truths
that young men need to hear
in order to become more successful in life?
You have to be willing to trade the things you love
right now for the things you want.
And you may not like the price of what you want, but you can't change the price.
And so there's all this groveling that goes back and forth for younger men of like basically wishing it didn't cost this much time or cost as much failure or cost as much risk in order to get
to where they want to go. And so they basically stomp their heels
and then retreat inwards into their basement
in video games and whatever else,
rather than confronting their own inadequacy.
Because the first thing you have to do is say,
it's my fault.
Everything that I have in my life is my fault.
But if it's your fault,
it's also under your control to change.
Because you cannot change what you do not control.
And so to me, it's taking full accountability.
So that's number one.
The second thing is if you want to change your behavior, change your conditions.
And so one of the most powerful things that you can do
is change who you surround yourself with
and where you live.
And so if you have an environment of people around you
who speak ill of you or like basically reinforce
the wrong trains and the wrong actions,
there's a reason I left Baltimore.
And there's a reason you left the right lane.
As I went to where I thought, I like, I want to get into fitness.
And so I was between Miami and Southern California.
I was like, those are kind of the fitness capitals.
I'm going to go to one of those places because I want to do fitness and I want to be around
the best.
And so Baltimore is not the capital of fitness.
And so me changing my environment allowed me basically a blank slate to to start behaving the way that I wanted without
interference because a lot of people have interference in their surroundings
And so I think it's a lot of times you have to well, I think this leads to the third things you change your environment
That's number two. The third is
Delete everything
That is not getting you closer
to your goals.
And so I have used that, this razor has not changed
in my life, which is my, probably the two most often
asked questions that I have that I like mentally think,
I probably think of 10 times, 20 times a day,
is number one, does this action, this person,
this decision increase or decrease the likelihood that I achieve my goals?
Yes or no?
Does it increase or decrease?
Does this friend who always wants to go out,
does you playing tennis with ball
increase or decrease the likelihood that you hit your goals?
And then it's just, it's black and white.
It's pretty, like you know, it's pretty, like you know.
Which, now you can make the whole,
but shouldn't I have a, I'm talking about winning.
If you wanna talk about fulfillment
and all the joy and all that stuff,
like I'm not the guy for that.
Yeah, yeah.
Because fulfillment is winning for you.
For me.
That's your hobby, your hobby is winning.
Where some people have hobbies for joy and fulfillment,
you have hobbies which are to win.
I like looking back and enjoy it
because memories pay dividends in the future.
And so suffering lasts only for a moment,
but the memory of the achievement lasts forever.
And for me, I love looking back on what I've done
only insofar as it excites me about what's to come.
And so delete everything using that question.
And the second question, which is my prop, it might be my favorite question in, it might
be my favorite question in general, which is what would it take?
And the reason I love that question is because it assumes success.
So if you go up to some girl who's way out of your league and you're like, what would
it take?
It assumes that she's going to go out with you.
Or she's just saying you need to make this much, you need to do this, you need to do
this, and she's going to give you the answers.
Right.
And then do you want to pay that price?
Exactly.
Either you don't like the shoes or you don't like the price.
You've got to pay it if you want it.
And so what would it take? And it's like, hey, if gotta pay it if you want it. And so what would it take?
And it's like, hey, if we have a deal that we're working on,
what would it take?
Now you can make the decision whether the price tag's worth
it, but at least you learn the price.
And what I have found in my life is that when I try to
answer those questions, like what would it take for me to be
number one in this field?
What would it take for us to lead this market?
What would it take for me to be the best salesman
in this company?
The answers are not as crazy as you'd think.
And so a lot of people spend most of their time
answering questions not worth answering.
It's playing games that aren't worth playing.
It's like if you play stupid games,
you win stupid prizes.
And so no one asks the question before they play the game,
is this game worth it?
And so when you ask the question of like,
what is the big goal and what would it take?
Then you just get to solve for it.
And to me, it's just great.
If I know what it is, then either I have those resources
or I have to use my resourcefulness to get them.
But it's under my control.
And these are how the big leaps in my life have occurred.
When I wanted to get in the gym business,
I was like, okay, what would make it the highest likelihood
that I hit my goals?
So what I did was I joined, I'd say $50,000,
23 years old, I lived on nothing.
I said $50,000 and I traveled to California
because I was like, all the best fitness people are here.
Then I joined a gym mastermind, of all gym owners.
I didn't own a gym. I joined a gym mastermind of all gym owners. I didn't own a gym.
I joined a gym mastermind without owning a gym.
And he was like, you sure?
And I was like, yeah.
He's like, why?
I was like, well, I figure I'll learn
from everyone else's mistakes before I start.
Smart.
Right, so the first thing I said was like,
where do you guys open?
One guy's like, oh, I have a terrible location.
I wouldn't have done this.
Another guy's like, oh, I might.
And then the guy said the best location's like,
what was it, okay, well, how many square feet should I have?
Oh, how should I organize the gym?
What equipment? Should I buy or lease my equipment? Exactly, I thought I was gonna, they're like, okay, well how many square feet should I have? Oh, how should I organize the gym? What equipment, oh no.
Should I buy or lease my equipment?
Exactly, I thought I was gonna,
they're like, oh don't buy those, they're really expensive.
I thought I was gonna use them, no one uses them.
Oh yeah, girls trip on those, don't use them.
And so I was like, uh-huh, uh-huh,
I was just taking all these notes.
And so then I was like, okay,
if I'm around the best gym owners
and I'm learning from them,
then I can be at year 10 in my career on my first year
because if I do what the best people did,
I will get what the best people got.
And so I've always just focused on what did they do?
Forget the energy, forget the manifestation,
forget the vibrations and the frequency,
like what did they do?
I will do that.
And not only will I do that, I'll do way more of it
because I don't wanna just pace them, I want to beat them.
Yes.
And so, like Kobe, it's like if he's working out, if the best guys are working out twice
a day, he's like, well, I got to work out three times a day because they're already
ahead of me.
So if I'm working out twice a day, they're working out twice a day, then we're going
to advance at the same pace.
But I got to work out three times a day.
If this guy's doing $100 an day, I got to spend $500 a day.
If this guy's doing one piece of content, I got to make 10 because he's better at it
than I am. So I have to make 10 just to. If this guy's doing one piece of content, I got to make 10 because he's better at it than I am.
So I have to make 10 just to make up
for my skill deficiency.
And so again, this volatility is a consequence of volume,
is that you're typically just not doing enough.
And the people who outwork you, they out output you.
And I'll give you a really simple example
that will demonstrate this, that it's very real.
So in a company, so I just took over operating
one of the divisions on the media side.
And the first day I came in, I was like,
okay, so what are we gonna do?
And so they're like this.
I was like, okay, what are we gonna get done by?
And they're like, next meeting,
which is like the next Monday is a weekly meeting.
And I was like, okay, how many hours does that take?
They were like, I don't know,
probably like four hours to do this thing.
Can we do it today?
Exactly.
And then I was like, okay, well, it's noon.
Let's meet at four, I'll give you an extra hour,
and show me what you did.
And then we met four hours later, it was done.
And then I was like, okay, well, what can you do tonight
so that we can do tomorrow morning?
And he said, this thing.
So we just moved the buck along,
and in three days, we did three months of work.
Because if you think there was 12 actions
that had happened, and you had a one-week cadence,
in a very real way, we move forward at 20 times the pace. And so
a lot of people think that like it's not speed of activity, it's elimination of
waste. There's all these other things that people are distracting, they're
distracting themselves with. And so if you were that young man,
you have to recognize the trade-offs that you have to be willing to
make. You have to change your environment so you can change your behavior.
And you have to delete everything that's not the thing that you want most. And if
you can't decide what you want most, then that's what you need to do first.
But once you know what you want, then go get it. Yeah. Then what do you think are
the most toxic traits that young men have today that are holding them back?
So if we define traits as bundled terms, right, which means that there's just
series of behaviors that bundle into one word. convenient for communication, hard for training, is that
there's actually just a hundred small skills that you need.
And I think demystifying this makes it easier.
So it's like, I want to be confident. Well, confident is an
approximation of how statistically likely something is to occur. So if
in statistics you have a confidence metric, how likely is this thing to occur? And so if you
want to be more confident, it means you need to do enough repetitions that you can make a
statistical prediction that it's likely, if I go up on stage 100 times in a row, I do the same
presentation and I get up there, like, how are you so confident? I'm like, because I've done this 100 times. And I know how this
is going to go. Because I've done it before. And so people
want the confidence before the reps. But especially in
confidence, the proof comes before the pudding. You have to
you have to do the reps before people are like, wow, because
you can't fake. I mean, you can, you can fake confidence.
People know.
To your you'll know. And as far as I'm concerned in life,
I'm the only one I'm trying to impress.
And so if I know I'm fake,
I'm the one who in the middle of the night
is looking up being like, I can't believe I'm so full.
I would hate that.
It's an empty life.
It's also living for other people.
And so, if the toxic trait is people wanting the outcome
without the repetition, right, it's without the price. If the toxic trade is people wanting the outcome
without the repetition, right, it's without the price. That's how I say that's number one.
The, let me see, what are they saying?
I'm trying to think of like a really specific thing.
Well, the second one is, has everything to do,
it's an offshoot, but it's entitlement, right?
And is fundamentally believing you deserve things
and that the world must accommodate you.
Why do so many people have that belief?
I think parenting in the school system
has made it so that like you can have a safe room
and you can have a cry corner.
And if you think that one plus one is five,
like this is emotionally safe for you.
I don't want you to feel, it's like,
but you're gonna, the thing is you can't change reality.
And so you can believe whatever you want,
but if your actions aren't aligned with how the world works,
you're not gonna get what you want.
And you're gonna be very upset for a long time
until you figure out that the universe
doesn't bend to your will.
Like, it-
Does it bend to your will though?
No.
But if you do a set set of actions, it starts to bend.
I play within,
I play within, I play within the realm of reality. But it bends to your will once you
do the actions that it wants you to create for you to get the results you want. I think
that the universe is it, I don't anthropomorphize it so I don't humanize it and say anything.
Sure, sure, sure. Right, right. But because of the actions you took over the last 20 years,
you were able to create extraordinary
results.
Yes, based on reality.
And if I had said I want to become the best business guy and then sung songs every day,
that's not going to be a lie.
Now I can manifest all I want, but that's not going to be the thing that makes me the
best businessman.
And so I don't get to set those rules, but I can play by them.
And I think a lot of men specifically waste a tremendous amount of time stomping their
feet demanding that the world be different than it is. And so to me, that's a loser's
mentality. And they then spend more time defending their excuses than defending their ambitions.
And so if you put all of the effort into how do I make this thing into reality rather than
how do I excuse my behavior up to this point?
Like winners think about what they can make happen
and losers think about what happened to them.
And it's one flip of a switch,
which is I will judge myself on what I do
and what I make happen, not what occurred.
And I think that divorcing those things is like,
and this is a freeing
thought for me, it's a little bit heady. So maybe maybe your audience will like it.
The past doesn't exist except for in your mind. It's like, it's gone. It's gone. We
only have this moment and then this will be gone. Right. And it's only exists in our memory.
And so I have this this mental idea where what if I woke up one day, I got hit with a shovel,
and all these things I forgot about them?
What does it change?
And so a lot of people are like,
I need to process my trauma.
I'm gonna get into this,
because I think there's somebody who's listening to this
that this could change their life.
I define trauma as a permanent change in behavior
from an aversive experience, from a bad thing
that happened.
Now, does that mean that trauma is inherently good or bad?
To me, the answer is no.
If I'm a child and I touch a stove and it burns me, that's traumatic.
If I never touch a hot stove again, it permanently changed my behavior from a negative experience.
Is me not touching hot stoves a bad thing?
No. It's just a matter of learning.
And so if you have PTSD, you had a traumatic experience,
which is fundamentally rapid learning.
That's what trauma is.
You learn, you have an accelerated rate of learning.
Bombs go off, loud noises, your friend dies in front of you,
and then a car honks really loud
and you're in, basically you take the same condition
and then you repeat the same behavior
because you learned it, which might be duck down
or whatever it is, right?
And so this idea that people espouse
that trauma is stored in our body,
it's in our banks, it's in our DNA now.
I'm like, where?
Where is this compartment in our physical biology?
No, you learned a different way to behave
under circumstances. And so we different way to behave under circumstances.
And so we just need to behave differently. I had a young guy who got on my, who was on
my team in one of the portfolio companies that I went into because he was sales manager.
And he said, you know, I have some demons that I need to like, you know, slay. And I
was like, what does that even mean? He's like, you know, I I tend to self-sabotage sometimes.
And I just said, you don't know how to behave, period.
In certain conditions, you don't know how to act.
Great, so we'll expose you to those conditions
and then we'll teach you how to act the right way.
That's it, that's all it is.
That's it.
Exposure therapy.
Yes, and that's how you change behavior.
Same condition, new behavior, that's learning.
And so I bring this up because I think so many people are chained by the idea of trauma
Rather than thinking okay this thing occurred. I learned a behavior that is a that is aversive to my goals
Makes it less likely to achieve my goals. So and here's the key point. This is the thing that you ask yourself
What can I do instead? Hmm? And so for example if you give feedback to someone
The reason no one can or very few people are good at giving feedback What can I do instead? And so for example, if you give feedback to someone,
the reason no one can, or very few people are good at giving feedback,
is that oftentimes they insult rather than criticize.
So if you say, you suck at that, or you're a dick,
that's insulting, but it doesn't tell someone what to do instead.
And so criticism is the difference between desired and actual.
Now that can be very non-emotional.
You can say, hey, you said you were gonna show up every day and you've been late.
Great, okay, so desired action.
Now if I said, and because of that, you're lazy,
that's an insult.
Me saying this is reality is just looking
at what we can observe.
And the reason I come back to this over and over again
is like, what can I observe?
It's because these are the only things
that affect the world, is what you do.
And so in trying to conquer trauma,
like I could say, I can create a narrative around whatever. So it's like if you trying to quote conquer trauma, like I could say, like I can create
a narrative around whatever. So it's like if you were to say, hey, Alex, what do you
think happened in your childhood that made you driven or whatever? Right? I could make
up something, but no one knows. I can't run a split test on my life. I know that I do
these things and I've been rewarded in the past for doing so. I repeat them. That's about
the only thing I could probably say. But if I said, I treated women that way because I had a broken relationship
with my mother, okay, and.
You still have to change the actions.
Right, so all it is is it acts as a defense
for maintaining behavior that we know
doesn't help us hit our goals.
And so every ounce of effort that goes into defending trauma or a negative behavior from
a negative experience is waste.
And so using that hit head in the shovel, like got hit, you have amnesia, you don't
remember that that thing happened.
Great, but you can do that today.
And you can just say, okay, under the next time this happens, when my husband comes home drunk again, what can I change about my behavior? Now it might
be leave. It might be telling him, hey, don't do this or I'll leave. That's a consequence,
not a threat. It's a consequence. And so this is massively simplified my life. and I have this belief that billionaires see the world more clearly than everyone else.
Why? Because they've been able to predict what's going to happen better.
And so my only goal is to be able to see more clearly how reality works. And I pause it or my
hypothesis is that the more clearly I understand how things work, the better I will be able
to execute within that realm and predict what's going to happen.
You make better decisions.
Yeah.
That's it.
And then you get the results you want.
More likely, get those results you want.
And that's what I would define as good decision-making.
Yeah.
A high likelihood of getting the thing that you want.
Speaking about good decision-making, you've talked about this a lot, the Solomon paradox,
where you have conversation with your 85-year-old self.
Here's a question for you.
We're getting close to the end here.
How often do you have this conversation
with your 85-year-old self?
Whenever I have a big decision.
Okay.
And so it's not...
How many times in the last year would you say five, 10?
Yeah, that's actually about it.
Probably about five, that's probably what I said.
say five. Yeah, that's actually about it. Probably about five. That's probably what I said.
Let's say you're the next time you talk to your 85 year old self, you ask him, hey, I want to make this decision. And he gives you the advice that you need to hear subjectively
outside of yourself and saying, I'll just do this, this, this and boom, it's done.
When you become 85 and you win at everything,
everything that you do and you touch,
you win at, you accomplish way more than you fail,
all these things happen,
what do you think will be the biggest price you pay
that you'll look back on and say,
I wish I would have told you to do something else?
We won a ton. We wanted everything.
Everything we wanted, we won.
But there was a price we paid somewhere that maybe at 85, I wish you would have taken a
different choice and not looked at winning, but looked at doing something differently.
Is there anything that your 85 year old self would tell you what that could be? I think about this a lot. And I think that most people have deathbed regrets because it's easy to make them on
your deathbed.
Yeah.
And so basically, we wish we could have lived six lives.
And so the concept of regret basically is like, I wish I could have had my cake eaten into him, right?
I wish I could have lived the life as a musician and as the perfect husband and as the best
businessman and as a professional health whatever.
And I think it skews the idea of trade-offs, which is what life is more realistically about,
which is that you make trades, give me the information you had.
And for me to wish for a different outcome
would mean that I would wish
for a different decision-making algorithm,
which would then massively change my life in general,
because saying, oh, I wish I had spent more time
with my wife or whatever,
if that meant it would have,
people say I wish I would have done this,
but they don't accept the cost of that.
Would you actually?
Because the thing is is that if you play all that
all the way to the other side,
they might say, oh, I wish I would have done this.
And so I see this as fundamentally,
we want to have everything and we can't,
and for me, and that's okay.
What's the biggest regret that most billionaires have
that you've talked to?
I don't talk to them about regrets.
I talk about business with them,
to be like really real, like the real answer is
if I have an hour with a billionaire,
I'm talking about money stuff.
Sure.
That's about it.
I mean, if I think about my younger self, right,
I'll play this out for you.
So let's say today, I'm not 85,
but I'm in a very different time in my life
than I was when I was 23, when I started 22,
when I started my first gym.
I know what that young man was going through
and I know how hard he worked and how hard he wanted it. And if I were to look back at that young man was going through and I know how hard he worked and how hard he wanted it.
And if I were to look back at that young man
and tell him what to do differently,
if I were to go back, I would look at him
and I would smile and I would say nothing.
Why?
Because I love the life I have
and I wouldn't want to change anything.
Right now you do.
Yeah, you'd be like, whatever you're doing,
whatever you're gonna do, do it.
I wouldn't want to mess with it.
Yeah, yeah. Exactly. So like I've already played, if the time machine ever exists and an old version he comes back and he says nothing and smiles
I'd be like, all right. I'll keep going right exactly
And so I think the regrets only happen if you if you don't if you dislike the present
Like that is where regret comes from you. There's some part of the present in this moment
Yeah, right, but I spend all of my time
doing the thing that I enjoy most.
And I have to the criticism of the vast majority of people in my life, past, present, and probably
future.
Like, we were talking at the very beginning, like I worked the first 100 days of this year,
I didn't take a day off.
And I've probably taken 11 days off since, you know, since the halfway point or whatever
of the year.
And I went on a vacation that was a two day vacation
and I left one day in.
I got to this beautiful resort, very expensive, crazy,
22 villas, that's all it is, super high end, whatever.
There's a three to one person who works there
to you ratio, it's crazy.
And I remember we had this beautiful view
of this mountain, great, and there's this lawn chair, I'm sitting on,
fancy lawn chair, but I'm sitting there,
and I look out and I say to myself,
this is beautiful, and I don't give a shit.
I don't care.
And the thing is that there's this expectation of myself
that I should care, like I should take a vacation.
But I think about like how recent
is the five day work week? It's a 50, 60 year old concept. It's not something that happened
for hundreds of years, for thousands of years for humans. This is a new thing.
People used to work every day.
Yeah. It's just life. That's what they call it.
You had to get up and work on the farm and take care of everything.
And your name was literally what you did. Carpenter, butler, tailor, like all of these
were names because what he was like, John the Taylor John the butler John
like and then eventually they just became names that we have now the Smith
like it's the same thing and so I I spend an inordinate amount of effort
trying to remove every should from my life why should I go on vacation why
should I go home for the holidays why should I call my mom once a week?
Right, now some people may disagree with me,
and that's fine, live your life differently, that's okay.
Like, do your thing.
And I guess if you're unhealthy or you're exhausted
or you're drained, you'll take the time to sleep and recover.
Yeah.
You're not gonna burn yourself out every day.
No, and so I think about output in terms of net output
over a long period of time.
So if I said, okay, you have to work as hard as you can
for 24 hours, then of course you take every step
in the world and you don't sleep,
because you only have 24 hours.
But if I said do the most work you can in a month,
then it doesn't really make sense to do that, right?
Because you really just want to maximize your effective time.
And so that also means that you're gonna have periods
of rest, and maybe it isn't working 18 hours every day.
Maybe you're good on 14 hours a day,
or maybe you're good on 12.
That's gonna be dependent on you.
But I also think that your ability to work itself improves.
And so like in the fitness world,
there's something called work capacity,
which is basically your ability to recover.
But I think there's work capacity and work as well.
Like my ability to do work.
So like I have, like you know, if you speak on stage, right,
and you do these, you know this.
So people, if I were to say,
hey, I'm gonna go do 100 of these in a quarter,
people might be like, that's insane, you did 100 speaking events, right? But if I were to say, hey, I'm going to go do 100 of these in a quarter, people might be like, that's insane.
You did 100 speaking events.
But if I were to say, I'm a university professor and I do eight of those a day because I have
lecture halls that I give presentations to, why is this different?
It's so many different people say that it should be different.
You should be tired.
You shouldn't travel that much.
You should feel exhausted.
Whatever.
And I'm like, why?
And is there another alternative reality that I can ask, like the thousand years ago, or the teacher that would make the current struggle
that I have just par for course? And if I can do that, then why don't I do it now? And so if my
priorities change, I'll change my behavior. If tomorrow I wake up and I say, you know what,
I have enough money and my achievement goals
no longer matter to me, then fine.
But I believe that we're a whisper in the wind anyways.
And so I think we just, I think if life is hard,
then you die.
Yeah.
And it's just what type of hard you want.
This has already been, you know, talked to tears,
but like in the business context, like growth is stressful.
Stagnation is stressful. like growth is stressful. Stagnation is stressful.
Decline is stressful.
So-
Disease is stressful.
Yeah, life is stressful.
And so to wish that life weren't stressful
is to wish to not be alive.
Like stress is just an indication that you are alive.
Yes.
That you exist, congratulations.
So that would actually be a positive thing.
Again, all of these are just shoulds that people tell us.
And so I really push back on that a lot
and try and keep my space and say,
I'm going to do the things that I think increase the likelihood
that I feel what I'm going to do.
And if someone has a problem with that,
then they can not be in my life.
And that's OK, because there's 8 billion other people.
And I'm sure there's one that's fine with it.
I'm glad you're in my life.
I appreciate you. You've'm sure there's one that's fine with it. I'm glad you're in my life. I appreciate you.
You've got two best-selling books
that have sold over a million copies each,
100 million offers, 100 million leads.
We'll link those both up.
You've got another book that you have coming out here
in the future.
We'll announce that when you're allowed to announce it.
You've got a free $100 million scaling course,
which I think is pretty cool.
Where can people go to get that? Just acquisition.com forward slash training.
We just released it. I spent so many hours on this. I vetted it with three other billionaires
and I walked through each of the stages and they're like, dude, I can't, like, this is so accurate. And so basically break down every stage of business
across all functions, going from zero to a hundred million
plus, so what does sales look like?
What does marketing look like?
What does customer service look like?
What does product look like?
What does IT look like?
What does HR look like?
What does recruiting look like?
What does finance look like?
Across zero, which would be, you don't even have a business yet.
Next stage is you graduate by making your first dollar.
Next stage, you get your first employee, and then you basically scale all the way up from
there.
And so I got all the way to 500 employees, which for most businesses will be over 100
million a year.
I scaled it by headcount because headcount is more similar in terms of structure of business
rather than revenue.
Like a software company can have 20 guys and do 100 million a year and then a restaurant has 20 and does...
Yeah.
But the structure of the organization is more similar by headcount. And so basically walk
through each of these as functions. That's cool. What must occur to move to the next level.
And so basically you can take the roadmap assessment. It'll tell you where to go. It's
all free. And it will give you a personalized plan of like, it'll tell you where to go, it's all free,
and it'll give you a personalized plan of this is what you need to do your sales at
this point, this is what you need to do your advertising at this point, and then there's
videos that go with it if you're more of a video learner.
Wow, so that's acquisition.com for that?
Yeah, yeah, just training.
I think it's forward slash, backslash, whatever the slash is, roadmap, one word.
I'm pretty sure that's what the URL is.
Worst case, if you're going to
the pageant.com, you'll find it.
You'll be up there somewhere.
Yeah, you'll find it.
Or I will have failed as an advertiser
if you get to the pageant.
Exactly.
How many pieces of content are you putting out a day
on all social media now?
65.
So, if you want 65 pieces of content a day,
go follow you, at Alex Alex her mozi on YouTube Instagram her mozi
Facebook Twitter all the all the places
This has been powerful man. I'm grateful for you for always sharing your heart
I'm glad to see that like every year since two and a half years ago
There's been this you know new insights that pop up for you as you keep expanding and growing and learning and failing and winning mostly
You continue to learn more and share more here. So we appreciate you here.
We're grateful for you.
We acknowledge you for constantly evolving. You know,
it's like the last time I saw you, you were 50 pounds heavier of just mass.
Now you're leaning cause you're focused on longevity,
which I think is really cool. But either way, man, we're grateful for you here.
We appreciate you.
And we're excited to see what's next.
Is there any final thing you wanna share
before we wrap up?
Yeah, never give up.
My man, appreciate you.
Appreciate you.
Thanks for having me, man.
It's great, brother.
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