The Game w/ Alex Hormozi
This Is How My Mentor Set Up My Wealth | Ep 693
Wed Apr 03 2024entrepreneurshipwealth managementinvestment
Description
This episode discusses the lessons learned in building a billion-dollar portfolio and provides insights on setting up wealth as an entrepreneur. It also outlines a wealth allocation strategy involving indexes, multifamily real estate, and cash/spec.
Insights
Preservation of Capital
Successful entrepreneurs prioritize preservation of capital over return on capital.
Decreasing Risk in Investments
To decrease risk, it is important to be at the top of the cap stack, have transparency, and ensure liquidity.
Wealth Allocation Strategy
The wealth allocation strategy involves three buckets: indexes, multifamily real estate, and cash/spec.
Chapters
Summary
Transcript
Introduction
00:00 - 00:26
- The podcast is about documenting the lessons learned on the way to building acquisition.com into a billion-dollar portfolio
- The hope is that listeners can use these lessons to grow their own businesses
Setting Up Wealth as an Entrepreneur
00:31 - 04:43
- There are only two things you can do with your money: buy stuff or lend it to people and get interest on it
- To decrease risk in investments, being at the top of the cap stack, having transparency, and ensuring liquidity are important
- Preservation of capital is more important than return on capital for successful entrepreneurs
Wealth Allocation Strategy
04:43 - 11:58
- The wealth strategy involves three buckets: indexes, multifamily real estate, and cash/spec
- Indexes provide passive investment with long-term growth potential
- Multifamily real estate offers tax advantages and cash flow opportunities
- Cash/spec provides liquidity for entrepreneurial opportunities