9 Beliefs That Built My Ultra High Net Worth Got Me To $121M By Age 31

ByJohn AI

Summary

  • Having a distinct piece of facial hair can result in lots of negative comments on paid advertising.
  • I am humbled to be here; I typically keep a low profile and don't leave the house often.
  • Allocate your attention to areas with the biggest ROI to optimize the value extracted from your time.
  • Information is the best investment; it buys you time and accelerates progress.
  • Acquiring skills is crucial; I advise dedicating 4-5 hours of uninterrupted time daily for this.
  • I believe early birds have an advantage because investing time in skill acquisition in the early hours is beneficial.
  • My company, Gym Launch, assists gyms in significantly increasing revenue, reducing churn, and tripling profits within their first 11 months of partnership.
  • The transition to our current business model in March 2017, an information-based consultancy, allowed us to reach a $50 million annual run rate within 20 months, but it was built on years of mastering the gym business.
  • Investing funds into acquiring new skills is essential until the money can no longer be efficiently put towards skill acquisition.
  • Talent stacking is key: accumulating skills sequentially increases their collective value and generates disproportionate returns.
  • If your income has not increased significantly in a year, identify and aggressively pursue the next skill you need to stack.
  • Recognize your weaknesses and deficits; an inability to admit where you can improve will hinder growth.
  • Aggressive pursuit of the next necessary skill should be a priority if you're dissatisfied with your current state.
  • Courses on skills like copywriting, traffic generation, and funnel creation are all part of talent stacking; don't expect immediate wealth from one course but view them as steps in developing your talent stack.
  • Reinvest profits into acquiring skills until you have excess funds, then consider external investments when you have abundant cash flow and a comprehensive set of skills.
  • Achieving excellence in one area can lead to being sought after for that expertise; monotony in focus can eventually lead to breakthrough success.
  • Once you're exceptional at something, you can monetize teaching it and then reinvest the high-margin profits into building a business with enterprise value.
  • You should only save aggressively after reaching a high-income threshold; below that, focus on skill acquisition and business growth.
  • To reach a $100 million company valuation, become exceptionally good at one thing, monetize that skill, then invest in ventures with enterprise value for potential sale.
  • For those without funding, focus on bootstrapping and skill acquisition, using any plateau as a signal to identify and develop the missing skill.
  • Success and certainty come from repeated experience and skill mastery, not shortcuts or affirmations; mastery allows for confident monetization.

Video

How To Take Action

I would suggest focusing on allocating your time to high ROI areas first—those tasks that will add the most value to your career or business. Start by investing in learning, as acquiring new skills and knowledge will save you time and accelerate your progress. These are the cost-effective priorities you should aim for:

  • Dedicate four to five hours a day to uninterrupted learning and skill acquisition, especially in the morning if that's when you're most productive.
  • Identify the next skill you need to develop to increase your income—if it hasn't grown in the past year, aggressively pursue that skill. For example, if you're good at sales but can’t manage a sales team, focus on learning team management.

Remember, you shouldn't expect immediate wealth from just one course. View each course as a step in developing a broad set of skills. Keep reinvesting profits into learning more skills until you have an excess of funds. Only then should you consider saving aggressively or pursuing external investments.

If you want to be sought after for your expertise, you must achieve excellence in one specific area. Once you're exceptional, monetize your skills by teaching them. The high-margin profits from teaching can then be invested into building a business with substantial value.

For those who are bootstrapping their business without external funding, use plateaus as signals to determine what skills are missing and focus on developing them. Success comes through mastery and repeated experience, not shortcuts or affirmations. Remember, by admitting where you can improve, you open up the path to growth.

Quotes

"Information is the single best investment that you can have because information is the only thing that buys you time"

– Alex Hormozi

<<<

"You should spend all of the money that you have to acquire skills until you can't spend money on acquiring skills anymore"

– Alex Hormozi

<<<

"Everything is 100% your fault and at the same time there are self-made millionaires and self-made billionaires, but there are also self-made $50,000 a year earners"

– Alex Hormozi

<<<

"You have to learn how to become more valuable and the first way to do that is to admit that you have a deficit"

– Alex Hormozi

<<<

"You need less things to make more money"

– Alex Hormozi

Author

Similar Posts