Why you should NEVER listen to your parents at any age...

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Why you should NEVER listen to your parents at any age...

Alex Hormozi 28.07.2021 132 996 просмотров 10 106 лайков

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Download your free scaling roadmap here: https://www.acquisition.com/roadmap-yta107 The easiest business I can help you start (free trial): https://www.skool.com/hormozi Business owners: Want to scale faster? We provide in-person advisory for companies doing at least $1M per year: https://www.acquisition.com/workshop-yta107 If you're new to my channel, my name is Alex Hormozi. I'm the founder and managing partner of Acquisition.com. It's a family office, which is just a formal way of saying we invest our own money into companies. Our 10 portfolio companies bring in over $250,000,000+ per year. Our ownership stake varies between 20% and 100% of them. Given this is a YT channel, and anyone can claim anything, I'll give you some stuff you can google to verify below. How I got here… 21: Graduated Vanderbilt in 3 years Magna Cum Laude, and took a fancy consulting job. 23 yrs old: Left my fancy consulting job to start a business (a gym). 24 yrs old: Opened 5 gym locations. 26 yrs old: Closed down 6th gym. Lost everything. 26 yrs old: Got back to launching gyms (launched 33). Then, lost everything for a 2nd time. 26 yrs old: In desperation, started licensing model as a hail mary. It worked. 27 yrs old: "Gym Launch" does $3M profit the next 6 months. Then $17M profit next 12 months. 28 yrs old: Started Prestige Labs. $20M the first year. 29 yrs old: Launched ALAN, a software company for agencies to work leads for customers. Scaled to $1.7mmo within 6 months. 31 yrs old: Sold 75% of UseAlan to a strategic buyer in an all stock deal. 31 yrs old: Sold 66% of Gym Launch & Prestige Labs at $46.2M valuation in all-cash deal to American Pacific Group. (you can google it) 31 yrs old: Started our family office Acquisition.com. We invest and scale companies using the $42M in distributions we had taken + the cash from the $46.2M exit. 32 yrs old: Started making free content showing how we grow companies to make real business education accessible to everyone (and) to attract business owners to invest or scale their businesses. 34 yrs old: I became co-owner of https://Skool.com, which is a platform for people to build communities online, making a living doing what they love, with people like them. 36 yrs old: I did a $106M book launch selling 3.6M copies of my $100M Money Models book, in 72 hours, breaking the Guinness world record for the fastest selling non-fiction book of all time. Today: Our portfolio now does $200M/yr between 10 companies. The largest doing $100M/yr the smallest doing $5M per year. Our ownership varies between 20% and 100% ownership of the companies. Many of them we invested in early and helped grow (which is how we make our money - not youtube videos). To all the gladiators in the arena, we're all in the middle of writing our own stories. The worse the monsters, the more epic the story. You either get an epic outcome or an epic story. Both mean you win. Keep crushing. May your desires be greater than your obstacles. Never quit, Alex DISCLOSURE Information shared here is for educational purposes only. Individuals and business owners should evaluate their own business strategies, and identify any potential risks. The information shared here is not a guarantee of success. Your results may vary. Copyright © 2025.

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Intro

In this video, I'm going to talk to you about why you never should listen to your parents at any age. Hi, my name is Alex Rozzi. I uh own a portfolio of companies that has $85 million a year in revenue. I make this channel because a lot of people are broke and I don't want you to be one of them. And so, one of the things that happens, and this is at any age, like I know guys who are making millions and millions of dollars a year and still uh you know, are insecure about what their parents tell them about X, Y, and Z. And so, the reason I think this is interesting is that most people, unless your parents are exorbitantly wealthy and have achieved everything that you wish to achieve, I don't think you should listen to your parents. And so one of my first rules of life is never to listen to someone who's poorer than you or poorer than you want to be. All right? So that's two different, you know, caveats there because you might be younger and it's like, okay, well yeah, my parents have more money than me, but like are they poorer than you want to be? If so, then only listen to people who are wealthier than you want to be, right? And the thing is that they always will and other people too, right, will always side on the side of being less risky, right? And here's why. Because when you naysay, right, it's like kind of like when you're um if someone's like, "Oh, I don't like your girlfriend. I and and the thing is that if you date in general, right? And dating can apply like the concept of dating can apply to business concepts. It doesn't really matter. But if you date, then fundamentally every single person that you date except for the one that you marry is going to be somebody who you're not going to be with. And if someone says, "I don't think this person's good. I good. " Then they will be right literally 99% of the time except for the one time that matters. Right? Kind of interesting. And so the thing is most businesses fail. 95% of businesses fail within 5 years, right? And so most times they are correct. And so it's very easy for them to self-reinforce that they are so smart, right? And they're always right and they could tell you I told you so, right? But the reality is that they are wrong in the 1% of times that it matters, right? In your life. And so when I think about

Never take the risk

this, what's interesting is that like the only way that is guaranteed to not get to success is to never take the risk to begin with, right? That's the guaranteed way of not achieving it. And I remember when I was quitting my job, that was the biggest conclusion that I came to was that I was not happy at my current earning level and that the only job because there was one position, one job that made enough money that I wanted, which was being an investment banker. So the best investment bankers can make 10, $20 million a year. But I knew what it was required to get there and the amount of effort, time, and sacrifice. And I was like, the only people who will pay me that amount of money um will be making so much more money off of me and literally draining my life that I don't think it's because like usually if you become an investment banker that's successful, you pretty much donate 20 years of your life in order to do that. Um and you're really never going to see your family and all that kind of stuff. And for me, that was not a trade-off I wanted to make. And so I figured there was no job that was going to pay me what I wanted to make and afford me the lifestyle that I wanted. And so the path that I was on was guaranteed to not get me to where I wanted to go. And so even though it was micro risky, it was macro the only way I could do it, right? And so that's one of those like one of those things actually like from Gary Vee that he says micro speed, macro patience, right? Money loves speed, wealth loves time. And so if we're trying to build wealth, an asset, right? Then we need to have time. One of my other favorite sayings that I'll share with you is um uh you get paid for what you do, you get returns on what you own. Right? And so anyways, back to the reason why you shouldn't listen to um other people is

The biggest risk

that they don't have an accurate understanding of risk. Right? And the biggest risk is not doing anything at all. never dating, not that you're with this person, right? And so Warren Buffett said, and I like this. He said, "Most people only need to make four or five really good decisions in their life. " So, think about that for a second because I think about like that one really shook me because I think about all the decisions that I make every single day, right? And all the decisions that I've made in my life. And there's really not that many of them that have been the biggest levers, but the few that have been massive and enormous levers in my life. And most people don't take enough time to think about those decisions that are the massive forks in the road. Am I going to keep going in this position? Do I want to live in this city? Am I going to marry this girl? Who am I going to go to uh get into business with? Uh what are we going to do? Right? What are we actually going to do in this business? And so people don't give put enough thought into that stuff and spend all their time thinking about whether what next show they're going to watch on Netflix, right? Rather than thinking like I'm going to take some time with this decision because one of my other sayings is mistakes love a rushed decision, right? So micro speed macro patience. If you're looking at long playing long, then you have to understand or at least this is my, you know, my two cents on it is that most people will oppose you at all times and that is because it is safer for them to do so because they will be right most of the times. But on the 1% of times that they are wrong, it's that 1% decision saying that you're going to buy C's candies for $25 million and ends up generating a billion dollars, right, in revenue. It's that one decision that they're going to miss out on. And that's the one decision that matters. And so they are 99% of the time right, but they're 100% wrong, right? And so that's the only message that I wanted to really drive home is that if you have parents who make less money than you want to make, if you have friends I had so many people who told me that everything I was doing was stupid. I was giving up a really good consulting job to open a gym, right? I took all my savings and sunk it into a business. And you know what? That business wasn't the one that set me free. It was four or five businesses from there. But I learned the skills that one by one I was able to assemble and assemble on a belief standpoint of the world with the character traits to reinforce them to eventually yield the success that some people think is, you know, cool. So

Conclusion

anyways, um I made this video because I've had um a lot of younger people who reach out to me recently about this particular issue. And it's just understanding macro risk versus micro risk. Micro risk, yes, you will fail, but failure is part of the game, right? But the macro risk is that you'll never actually succeed and that's the real game, right? And so, you have to understand that you have to date in order to find the girl you're going to marry. You have to go on a lot of bad dates. You have to have a lot of small businesses that don't work, right? You don't have to, but it's common. And I don't know any entrepreneur who hasn't had a lot of businesses um who eventually yielded success, right? Or even a lot of businesses within their main business. They pivoted a lot of times until they figured out what they were good at and what the market needed. I hope that makes sense to you. Um hope you found value in this. Uh, I'm rooting for you. I'm your biggest fan. Keep being awesome. Keep taking risks. Micro speed, macro patience. And um, you get paid for what you do. You get returns on what you own. And what we're trying to build here is an asset that can pay us over time. Because if we cannot learn how to build that asset, we will work until the day we die. So, um, keeping awesome. Lots of love. And I'll catch you guys in the next video. Hit subscribe if you like it. And if you don't, don't hit sub hit subscribe. Um, I'll get you soon. All right. Back.

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