If I Wanted To Become a Millionaire in 2025, This Is What I’d Do [FULL BLUEPRINT]

Summary

• To start making your first million, begin with understanding who you are. Knowledge, skills, motivation, and environment are foundational.
• Knowledge is key. Understand what a millionaire is—over $1 million in liquid, investable assets, excluding your home.
• Skills are learned, not inherent. Break down big skills into smaller subskills like sales into listening, communication, etc.
• Motivation comes from a lack. Surround yourself with successful people to increase your motivation and reference group.
• Your environment affects your behavior. Ensure your environment supports your work ethic and goals.
• Selling fewer high-ticket items is often easier than many low-ticket ones. Target 100 people for a $10,000 sale each, which equals a million dollars.
• Identify your target market using pain, passion, and profession. Choose the group you can provide the most value to.
• Ensure your market niche is either stable or growing. Avoid shrinking markets.
• In creating products, focus on uniqueness, expense, stickiness, and low production cost.
• Understanding work as volume times leverage leads to higher output. Volume gives skills, skills bring leverage.
• For business growth, focus and leverage are essential. Balance is critical in partnerships to avoid top-heaviness.
• Stay with your chosen path despite obstacles. Switching paths often leads to starting over and losing progress.
• Utilize a continuous feedback loop to improve skills and business processes. Use data to find what works best.
• Business can be seen as infinite games with the goal to stay and thrive, not as finite victories.
• After reaching your first million, continue setting higher goals. The aim is to become a person capable of achieving beyond financial success.

Video

How To Take Action

I would suggest implementing these strategies to start your journey toward making your first million:

1. Self-Assessment: Begin by understanding who you are. Recognize your knowledge, skills, motivation, and environment. This foundation is crucial for growth. Reflect on what you know about becoming a millionaire and the skills you can build to get there.

2. Develop Skills: Break down big goals, like learning sales, into smaller subskills such as listening or communication. Focus on continuously improving these skills through practice.

3. Motivation and Environment: Surround yourself with people who are successful to increase your motivation. Change your environment to support your work habits and reduce distractions.

4. Target High-Value Sales: Focus on selling fewer high-ticket items instead of many low-ticket ones. This means identifying a market where you can provide significant value, targeting people willing to pay for your high-value service or product.

5. Market Analysis: Choose a market that aligns with pain, passion, or profession, and ensure it’s stable or growing. This helps avoid shrinking markets.

6. Unique and Scalable Products: Create products that are unique, expensive, sticky, and have a low production cost. Aim for items that are scalable, meaning they can easily generate more sales without significantly increasing costs.

7. Leverage and Focus: Use leverage to maximize your efforts, such as employing technology or people to increase efficiency. Stay focused on your goal and avoid getting distracted by other ventures that might lead to starting over again.

8. Continuous Learning: Establish a feedback loop to constantly improve. Look at what works and doesn’t, refining your approach based on real-world results.

Stick with your path, focusing on growth and learning, and you'll be on your way to achieving your business and personal goals.

Quotes

"You are the foundation of everything that you want to have"

– Alex Hormozi

"It's way easier to just sell 100 people something that costs $10,000"

– Alex Hormozi

"Pain is what motivates action"

– Alex Hormozi

"Any of these things can work if you concentrate all of your attention into one"

– Alex Hormozi

"You can't want to be exceptional and not be willing to be the exception"

– Alex Hormozi