Alex Hormozi reveals why he wants to become a billionaire not what you think

0:00Starting off like why a billion? Why does this matter to you? >> I don't think it actually does matter to me. Um, I think it's more like it's just a it's an easy target to shoot for and then once we're at one it'll be 10. You know what I mean? When it'll be, you know, 10 it'll be 30 or 50 or whatever after that. I think it's more that um you know, PBD said something that I thought was pretty interesting and insightful after he sold his company and I don't know the exact number but I'm guessing it was between two and three hundred million. He sold his insurance uh Patrick Patrick Bet-David.

0:26>> Okay. >> Um and uh he he made this statement that one of his mentors like, "Man, something's changed about you. Like you seem more confident. You seem more certain or whatever it was." And he said um "Yeah, it was just this feeling that what I was saying all this time that I was right all along." And I think that um that that felt kind of profound to me and I think that, you know, we have a certain level of success that we've achieved up to this point.

0:51I'm obviously young um in the entrepreneur game. And I know that I could say the exact same thing at a billion in that worth and probably have a significantly wider broader audience because I'll have proof or evidence that what I am saying is true. And so I'm trying to build this um publicly so that uh I think it'll be cooler to uh call the shot and then hit it. >> When you think about the goal of a billion, like is there a date you've got in mind that you're like this is when it's happening and do you feel like you're on track to that?

1:18>> Um I do think we're on track to that uh which is cool. Um there's definitely like room for uh luck which is uh cool and we've definitely had a few uh I'll call them lucky breaks but you know, what I think somebody wrote a great article on like four levels of luck. I feel like you would have been exposed to something like this but uh you know, you can increase your luck luck surface area and I think a lot of what we're trying to do with the content and whatnot has been to deliberately create more luck uh you know, for ourselves. And so that that has worked.

1:45I think that um if we were to take the actual money and just put it in the S&P and just if it compounded at whatever 9 9.7% for the next 40 years or 30 years we'd we'd hit it kind of regardless but I'm hoping to >> [laughter] >> hoping to beat that. And so uh you know, if we can do it in in in five to seven, that would be that would be pretty cool. And so, that's that's kind of that's like if my honest answer to like what are you really shooting for is probably five years.

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