The 4 Paths To Mega Money | Ep 975

Download your free personalized $100M scaling roadmap in under 30 seconds: https://www.acquisition.com/roadmap?el=yt-alex-486r&htrafficsource=youtube Many people stay broke chasing shortcuts. The wealthy play a different game. In this episode, Alex breaks down the four paths that create massive wealth and explains why nearly every billionaire follows at least one of them. From bootstrapping businesses to raising capital, the lesson is simple: wealth is about choosing the right game and playing it long enough. In this episode 00:00 Four wealth paths explained 01:44 Path #1: Bootstrapping a business with your own money 06:25 Path #2: Raising capital and using other people's money 11:31 Path #3: Investing in other people's businesses 16:48 Path #4: Fund management and maximum leverage 21:02 How to attract capital by finding exceptional deals More Value: Join The Live Scaling Workshop In Las Vegas: https://www.acquisition.com/o-vegas Download your free personalized $100M scaling roadmap in under 30 seconds: https://www.acquisition.com/roadmap?el=yt-alex-486r&htrafficsource=youtube Get the $100M Book Bundle: https://shop.acquisition.com/pages/100m-book-bundle Discover The Easiest Business I Can Help You Start (Free Trial): https://www.skool.com/hormozi Free Books and Video Courses: https://www.acquisition.com/training Follow Alex Hormozi’s Socials: ⁠⁠LinkedIn ⁠⁠ | ⁠⁠Instagram⁠⁠ | ⁠⁠Facebook⁠⁠ | ⁠⁠YouTube ⁠⁠ | ⁠⁠Twitter⁠⁠ | ⁠⁠Acquisition ⁠ 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 © 2026.

Speaker names marked ? are inferred from speaking time and the show’s known hosts — they are not voice-verified.

• 0:00Alex Hormozi?

  Poor people stay poor because they want a fast way to get rich. And instead, the richest people that I know pick one of these four paths, play it for a decade, and then end up with more money than everyone else that is just chasing shortcuts. And just as a fun reminder for you, no president, no economy is going to make you rich. You have to do that for yourself. So in this video, I'm going to show you the four paths to mega money. And I'll show you how to pick the right path at the right time for you. Let's get into them. You've got your money and your business. You've got other people's money and other people's businesses, and then permutations of those. And so your money, your business, right? Is a bootstrapped business. If you have other people's money and your business, now you're raising capital.

• 0:39Alex Hormozi?

  If you have your money and other people's businesses, now you're investing. Finally, you have other people's money and other people's businesses, which is fund management. Now, to give you some proof points around this, I actually looked up the top 11 richest people currently on the Forbes list, and I'm going to tell you where they are. So you've got Elon Musk. He's a raise capital guy. Almost every single company he's had, he's raised outside capital, and then he's continued to fund it and grow it. Larry Ellison, who's number two, raised capital. Mark Zuckerberg, raised capital. Jeff Bezos, raised capital. Larry Page, raised capital. Sergey Brin, raised capital. Steve Ballmer, bootstrap. Microsoft is bootstrap. A lot of people don't know that. Underneath of that, you've got Jensen Wang, raised capital. Warren Buffett, investing. Michael Dell, bootstrapped. The Waltons, as in Walmart, bootstrapped.

• 1:22Alex Hormozi?

  And so that's the top 11 wealthiest people in the world. Now, you might have noticed that fund management wasn't there. If I go like six deeper, you'll find people who did fund management. Now, one of the interesting things about each of these contracts is there's a little bit of risk, and there's a little bit of trade off with each of them. And I personally have done one, two, three, and four, believe it or not. And so I'll actually walk you through my own examples and which one's right for you. So let's start with number one, bootstrapped. Bootstrapped just means that you fund the business from your own savings and cash flow. You have no outside investors, and you grow through reinvesting your own profits. You have a website, and you've got a cellphone, and you've got skills, and you start trading one for the other, get a little excess money, take that excess money, and then continue to build.

• 2:03Alex Hormozi?

  Now, typical examples for this are usually low-cost businesses to start. A lot of times, that's services. Home service businesses, B2B services, professional services, things like that. Sometimes nowadays you actually do this with software. It didn't used to be that way, but now it kind of is. Education businesses, e-comm brands, if you do drop shipping. If you don't do drop shipping, you'll have to front some capital in order to get the, you know, first inventory started. Local businesses, most normal companies. Now, to be fair, that scope has continued to broaden because the cost of entering businesses is going to continue to drop. Now, for me personally, my first brick and mortar business was a gym. And so that was bootstrapped. I used the profits from that to start Prestige Labs, which was a supplement company, which was bootstrapped. I started Allen, which is a software company, which is bootstrapped.

• 2:46Alex Hormozi?

  And so all those companies were bootstrapped. Today, acquisition.com is taking some of that capital, investing it into other people's businesses. While also having some companies that we start de novo from our holdco, which is kind of semi bootstrapped and also kind of reinvesting our own capital. So you can see how some of these, these, these boxes merge. Now, who is this right for? So if this is your first business, I recommend starting with bootstrapping. And the main reason is just like, you want to pay off ignorance. The last thing you want to do is take your, you know, your friends and family's money and then lose it because you don't know what you're doing. That's my opinion. Everyone, you know, your results may vary. You can stick of the names on that list that I mentioned. Jeff Bezos, the people that he knew invested, Bill Gates, the people, I think he had rich parents. I'm sure they helped him out in the beginning. I don't know the, the actual public documentation of that, but I think he had a little bit of help in the beginning there.

• 3:31Alex Hormozi?

  But the thing, thing here is that like, I don't think you're going to want to go raise a ton of capital for everyone you know, maybe even VCs. If it's your first shot, again, you know, your results will vary. Your life is unique. But the main thing is that bootstrap will typically be the slowest of the four paths. And that is usually because it takes money to grow. And if you have to make the money to grow, it's almost like having a car factory built inside of the car. It's very difficult to do. Humans do it. We have human factories inside of our humans. Weird stuff, right? But in, in, in business design, it's much, much more difficult, right? It's slower to build the capital reallocation machine while also building the machine that makes the capital to begin with. You kind of have to have both. Now, the main advantage of this is that you keep the control and the equity. So you have a whole, you know, bigger slice of the pie.

• 4:15Alex Hormozi?

  You decide the pace, the strategy, and ultimately you can exit on your own time horizon or never exit at all. Right? And the goal is that you design a compounding vehicle, which is either recurring or reoccurring within the business. And then you let that over time do the heavy lifting. That's the end goal. Now, a lot of first businesses don't have any of those things, but you, you know, buy a dollar, sell for two, and you make money. There's nothing wrong with that. Here's some of the trade offs. When you bootstrap, you incur more debt than any other vehicle. Now, you're like, wait a second. I thought I was, you know, using my own money to start this thing. Yes, but you incur every other type of debt. And oftentimes, every other type of debt is harder to pay off than money is. So what do I mean? If you're starting with your own cash, it's very difficult for you to attract like a star talent team of 10 people

• 5:00Alex Hormozi?

  that all need a million dollars plus per year to work and actually grow this thing. If you're venture backed, you can do that with some stock and then also decent cash compensation. And so that becomes harder to do. So you incur lots of management and leadership debt. If you like, can't get the high enough level of the softwares that you need in order to build your software company or whatever. If you start low, you're going to have some technical debt that might incur as along the way. Same thing with your data debt. So you're going to have lots of debts that money could have otherwise solved for you, but you don't have money as one of the things that you're in debt for. Now, to be clear, there are pros and cons there. Like, the pro is that you can stay alive a lot longer because you typically keep your cost basis a lot lower. The downside is, is that it goes slower.

• 5:44Alex Hormozi?

  And so your capital constraint will oftentimes limit the size of what you can pursue from day one. If you wanted to start an AI robotics business to go global, it would be incredibly unlikely that you would succeed because the amount of capital it would, it would cost to just build one robot, let alone many robots as you scale. And then you functionally probably lose money on building that first robot. And then after you lost money on that first robot, you'd somehow have to get more money to then build more robots. It's very hard to do without outside injections of cash. And so this box does constrain to a degree what kinds of opportunities you can pursue. And there's a reason that some of the biggest people in the world start here, which is a perfect segue to, okay, so what is other people's money into your business? This is raising capital, right?

• 6:29Alex Hormozi?

  So you start and you run the company, but you raise capital from investors who buy a slice of equity to fund the fast growth. Normal examples of this are tech platforms, social networks, marketplaces, manufacturing, pharmaceuticals, where it takes years and years and years to get a drug pass and then it makes money. Typically, anything that has huge amounts of upfront costs, then increasing margins or gross margins later and/or winner-take-all dynamics. Meaning, you have to lose money for a long time to get the whole market and then all of a sudden, you have a network effect and then everyone buys from you. Amazon famously lost money for like a decade plus before they really started turning a profit. Facebook too, lost money for a long time, but they were mapping networks. So who should take this path? If you have a very big dream of what you want to build and there's functionally no

• 7:11Alex Hormozi?

  way to make your thing profitable without using other people's money, like you know you're going to lose money for a year, two years, three years in order to actually have this thing work, then you have kind of like a predefined path that you're going to have to raise capital. So I have experience with this because school is venture-backed, right? And so we raised capital at school to continue to grow the company and we're able to give pricing, which is absolutely absurd, like $9 a month, which by the way, is very little with inflation. It's basically free in order to get as many people who want to start a business, all the tools they need to do it. Now, the main advantage of this is that you start with a bigger thing, you can hire the top talent, you can outspend competitors, you can be negative in your acquisition costs. I mean, you can lose money getting customers, right?

• 7:55Alex Hormozi?

  You can build infrastructure faster than you could with your own cash alone. And on a personal level, you can incur way less personal debt because there'd be no way that you would be able to fund a lot of this out of your own pocket. Now, if you can, if you're already rich, then you can take on raising capital-style big opportunities and then fund it with your own cash. And that's really an amazing combination, but not available to most people. But this allows you to pursue rarer opportunities. And one of the advantages of that is that it actually prices a lot of people out of the market. So to a degree, there is an element of risk with raising capital because typically the opportunities that people pursue are high-risk, high-return opportunities. But there's typically far fewer competitors. And so you can count the number of competitors who are well-funded even in a space, maybe on two hands. If I said, "How many social media marketing agencies are there?" You're gonna need a lot more fingers.

• 8:40Alex Hormozi?

  And so, within our car analogy example, you actually just start by building the car factory. And then, even though you know you're gonna lose money upfront, once the car factory is built, you know that every single car you're gonna make X dollars of profit. Right? And that is how you end up recouping it and justifying the return to the investors. Some of the trade-offs here are significant. You now have two customers instead of one. In Bootstrap, your customer is just the end customer. Right? When you have raising capital, your customer is both the end customer and the investors are venture capitalists. And so, that's one element is that I have to serve two masters, which can oftentimes be at odds, which is a bit of a pain. The second kind of big downside is that you're gonna dilute your own equity. Here, you have 100% of the pie, right? Whatever you make is yours, and that's your pie. Now, you can give profit shares,

• 9:25Alex Hormozi?

  you can give equity slices to key teammates or partners or whatever, but they're usually in the business. They're actually helping you succeed within the business. Whereas, when you're raising capital, a lot of it's gonna depend on the terms. Sharon, my partner, tells a story about his first exit ever. He learned what a ratchet was, which is that he had a very large exit in his first company that he started in his teens, that then, I think he exited around age 25. It was many tens of millions of dollars, but because there were liquidation preferences and ratchets on those liquidation preferences, the investors got paid out first and with some excess. And so, when he saw this very big number, the amount that he and the other founders were left with was less. Now, to be fair, he did fine, but it was less than what he thought he was going to get. Now, as you continue to scale this, typically, if you do multiple rounds, each person who's gonna put money in

• 10:10Alex Hormozi?

  also wants a seat at the table, quite literally, a board seat, which means that over time, you can absolutely get voted out of your own business, which happened to Steve Jobs. Right? And so, like, these are real risks that happen. Like, you can lose control of your own company. And a lot of this is gonna depend on the terms of other people's money. If someone gives you a trillion dollars for 1% equity in your business, that's an amazing thing. If someone gives you $10 for 90% equity, that's gonna be kinda tough. And so, this one is very much the devil's in the details, and your ability to raise is gonna be a combination of two things. Your ability and track record as a founder and the size of the opportunity that the investors believe you're going after and the likelihood that they believe that you can actually hit it. And I'll say the last downside here is that typically, venture Money is kind of grand slam money.

• 10:52Alex Hormozi?

  It's like they just want you to swing for the fences and know that they're going to have a lot of people strike out. But the economics of having somebody get a thousand X on their money allows them to have many losses. But if you're the person who takes the loss and N equals one is in it's 100% of your life. That is where the, there's a sea of tombstones of failed ventures and founders who gave five, 10 plus years of their life and pretty much worked a job, but with way more stress for a long period of time. And then ended up having nothing to show for it, which is tough. And they don't even have the story of the big success at the end. So this is actually far more common than the big headlines that we see. And the reason those things make big headlines is because they're rare. Which brings me to the third way of making mega money, which is investing.

• 11:34Alex Hormozi?

  Now, this is the one that probably a lot of people have more familiarity with, right? It's your money and you're investing into other people's businesses, right? So you take the cash you earn actively from other places and you buy pieces, tiny chunks of other people's companies. It's kind of the equal opposite of raising capital. Now you don't have to buy into venture type products. You can just buy cash flowing businesses. You can buy public stocks, you can buy real estate. There's a lot of different things that you can buy with money. Now, the clear thing here is that you don't run them, you fund them. So me personally, I buy kind of, I'm split in my investing. So I have ACQ Ventures, which is our venture arm. So that's where we, we are basically the raising capital partners for SMB tech. And so that's exclusively what we invest in because we understand it well. And then on the other side, we have kind of the private equity style investments that we do.

• 12:17Alex Hormozi?

  But we also add some sort of service because we have a whole service layer at ACQ. And so those are typically more cash flow investment businesses, but also obviously of enterprise value. And so who should take this path? Hey guys, real quick, many of you guys are getting started in business and don't know, but other entrepreneurs have already tried to help. And so 3.6 million copies were donated by other entrepreneurs in my book launch, and I'm donating these books as well. And so if you're starting in business and you would like the ultimate business backpack, all three books. This one shows you how to figure out what to sell. This shows you how to get people to find out about it. And this one shows you how to make money from it. And when you have all three, you can actually get started. All right, on top of that, you have 30 days of school that you can get absolutely free. And all of this, including the books, including school, including shipping is 16 bucks. Yeah. Like we lose money. So go grab it. It's the ultimate thing I can give you.

• 13:02Alex Hormozi?

  My gift. Enjoy. If you go there and it's shut down, it's because we ran out. But as long as the link still works, there's books. Well, once you have meaningful excess cash and you want the upside without the day to day operational responsibility, then this is an interesting path. And so the main advantages are that you have diversification. So you're able to make many bets instead of kind of a life or die bet with a single company. But whenever you distribute your bets, you also decrease your upside. Right? So Dale Carnegie had a famous quote, which is, put all your eggs in one basket and then watch the basket. And so that's him talking about this, right? Bootstraping or you're raising capital for your own business. That's you putting all your eggs in one basket and trying like hell to make that thing work. With investing, you're kind of, you're spreading it out.

• 13:43Alex Hormozi?

  But when we look at the most successful investors, they typically aren't nearly as diversified. They're typically way more concentrated, which then allows them to maybe make five, seven, eight significant bets that they believe they have alpha or upside on above the market. And so with investing, I think that of the four of these, arguably the easiest lifestyle kind of decision, because you have no boss and you're technically other people's boss. And so you just write checks. You can inform what you want the person to do. To be clear, you might not have a majority. That's going to depend on the terms. But when Leila and I sold the company and we were just a family office, this is all we did. And I'll say of my entire life, the most chill period. And sometimes I think to myself like, what was I doing?

• 14:26Alex Hormozi?

  Why am I back doing this when I don't need to do it anymore? But I want to make a key point here is that this is by far the slowest, number one. And number two, almost no one makes their money this way. They have already have a high active income and then they begin investing. And if you're like, well, I'm going to be like Warren Buffett. Well, did you buy your first stock two weeks after Pearl Harbor when you were age seven? No. And did you do it in a world where there wasn't a Robin Hood and you actually had to figure out how to do mail in ballots and call someone as a seven year old to our 11 year old, whatever it was, to make your first bet? Probably not. Because you're like, I want to be like Mozart and you're age 30 and you want to start investing. It's like, well, he already had like 19 concertos by this point because he started at age seven. So I wouldn't say, oh, let me look at what the top person in this field did if you're not that person.

• 15:11Alex Hormozi?

  And so the whole point of this video is to figure out what path is right for you. And to be clear, Warren Buffett is very famous now, but like until he was 60, I don't think many people even knew his name. 60. Right? And he's made the vast majority of his wealth from like age 80 to 95. So think how crazy that is. So if you're like, I'm in this for the very, very, very, very, very, very, very, very long haul, then this is a good path for you. And especially if you're somebody who wants a little bit more of a lifestyle, where you're like, okay, I just have to get my passive to exceed my active costs. Then it's like, great. And if you get better and better at that game, you'll have more and more. And then you'll have nothing else to do and you'll just keep playing the game just for the love of the game. But it does take time. It's unlikely that you're going to get these 50%, 100% plus annual returns. Even Warren, for a very long time, didn't get those types of returns.

• 15:54Alex Hormozi?

  And even in the beginning, he was still combating, I think, 50-ish percent. But he was the best in the world. And then, once he had more capital, his returns decreased. And a great note on this is that in, I would say, Main Street, real estate is the number one most common path for creating millionaires, but not the most common path for creating billionaires. And to me, that is kind of like a great cherry on top for this little bucket, which is that it is a great way to build and store wealth. It's being smart with your money and allocating it appropriately. It's unlikely to be the thing that gets you all the way to the top unless you have a very, very long time horizon. And let's be real, you have to live to 95 like Warren Buffett to hit the list. Like, that's real. Like, Charlie Munger was 99 when he died.

• 16:36Alex Hormozi?

  And so, like, in a very real way, like, they had, like, if they had died at 74, I don't know if we'd talk about them as much because they wouldn't have had all the company that happened after. So like, this is a long, long game. Finally, that leads us to number four, which is fund management. So this is, you take other people's money and you invest it in other people's businesses. You raise a pool of capital for investors, which the fancy word that has LPs or limited partners. And then you use that money to buy pieces or control of other people's businesses. Now, depending on the way that you do it, you can also use debt there, too. So let me give you a visual of, this is potentially one of the highest leverage scenarios. It's like this on steroids, basically. And so, let's say that you want to raise $100 million.

• 17:19Alex Hormozi?

  Now, I'm going to use big numbers because I want you to think bigger anyways, rather than thinking in small numbers. All right? So in order for you to raise a fund with $100 million, it's typical that the person who raises the fund puts about 5% of the total funds raised in. So you put $5 million in, you raise $95 million of LP capital. That means limited partner capital. So other people put their money in. And then, this is where it gets even crazier. So this is $100 million in total, right? But then you say, you know what? We're going to buy $300 million. Of businesses because we're going to use 200 million in debt to buy these businesses. And so think about the leverage that you get from your 5 million, able to buy 300 million dollars worth of stuff.

• 18:00Alex Hormozi?

  Now, when this 300 million dollars, let's say it just grows at 10% a year. Let's say you're not amazing, you're just matching the S and P, alright? In seven years, you'll double, right? So this is now 600 million dollars, seven years later. Now, if you had a 10% return for private equity, that'd be bad. But I'm just going to give you like the base case of like, you're not that good at this, okay? So that means that you have a 300 million dollar delta. So we gotta pay back, right? We gotta pay back the debt. So we have to take our 200 million dollars out because we gotta pay the debtors back. Now, they have some interest and some other stuff there too, right? Then we gotta pay our LPs back, alright? So we gotta take, we gotta take this back. Now, sometimes there's a hurdle rate, which is a minimum return. You give these guys saying, I don't get paid until X happens.

• 18:42Alex Hormozi?

  That depends, but typically in private equity, it's 6 to 8%, somewhere in there. And then whatever is left over here, you then have a split with them, LPs, and then GPU. So let's see what happens when you actually invest this money and then wait five to seven years. Now, let's say because you're in private equity and you're investing in non-public markets, you get a better than public market return, which is basically the baseline. Like, no one wants to get a public equity return and they have their money locked up for, you know, five to seven years. So if you got a 20% annualized return for six years, you would have 2.98 on the money. So functionally, your 300 million, right, that you bought, now becomes 900 million. Ooh.

• 19:24Alex Hormozi?

  More. Alright, so we gotta pay back our debt. So we have our 200 million that we gotta pay back in debt. Now, there's going to be some interest on that. Let's say that we gotta pay them back 100 million dollars in debt payments. Okay, so we've got that too. Now, we also have our LPs, 95 million dollars that they put in. So we gotta pay them back that. And then there's some minimum return that we promised them before we participate, which for us is going to be about... Forty million dollars if we have a 6% pref or hurdle that goes back to them. So that is all guaranteed to them. Now, after that, it just depends purely on the nature of the asset class and what you're investing in and your kind of proprietary blend of whatever.

• 20:06Alex Hormozi?

  There's going to be some split of the profits here that goes to you, the GP, the general partner. That's the operating partner, the person who runs the whole fund. And then some that goes to the LP or limited partner. And so let's say that you had a 50/50 split here. Let's just call it, okay? That means that after we add all of this stuff up, this slice here is $465 million.

• 20:33Alex Hormozi?

  Remember, we started with 5 million? This is how you get mega-rich. Now, to be clear, all of this isn't yours. Maybe 2/3 of that isn't yours. But either way, even if you had 10% of that and you got $46.5 million,

• 20:51Alex Hormozi?

  you did pretty good on your $5 million investment, right? If you got 20%, now you're looking at $90 million. Even better on your $5 million investment. You see how this stuff adds up? And that's because this is leverage. Now, when we look back at our original kind of sheet here, with each of these four paths, you have to decide on what's best for you. If you have some proprietary way that you know how to source deals and you have a good way of finding capital, which by the way, if you're like, "I don't know how to raise capital", you absolutely do know how to raise capital if you have good deals. One of the best pieces of advice I got from a mentor of mine is that there is no lack of capital in the world, only a lack of good deals. And so if you find a good deal, capital will appear, right? If you come to me and say, "I have a guaranteed way", which of course, don't use those words because that's a great way to get good money to run away.

• 21:35Alex Hormozi?

  But if you're like, "There is an incredibly high likely a chance that I have of 5X-ing money in this way, and here's the six different ways that have mitigated the risk, and let's say those are believable." And if we have that, then I'd be like, "Okay, well, how much money do you need?" And that's how any good investor is going to ask the question because when you do identify good opportunities, you just want to back up the truck. Now, in that setting, the higher, believe it or not, the higher the return and the more private the type of deal that you're doing, that's more niche and specific to what you know, typically the better the splits that you can negotiate on the GPLP split of the profits after some certain point. And so, who should do this? I think the best version of this is where you build a track record, you figure out proprietary deal flows and deal flow that only comes to you that no one else has, and you have

• 22:20Alex Hormozi?

  some sort of real edge in picking and improving those companies. So oftentimes, funds are organized around a singular thesis. So for example, at the very beginning of acquisition.com, I got approached by a walnut tree fund. I was like, I don't even know this exists. But they explained how it worked, which is like, it takes 30 years to grow a black walnut tree, all the way to like, full size. But every year, after year three, it creates walnuts, and so it cash flows every single year. And then the end of the 30 years, you cut the walnut tree down and you get this amazing walnut wood that you can then sell. And then the cost is really just the seed and the time. And that was their entire business model. They'd done this a number of times and they had these kind of staggered tree vintages, if you, I'm using the wrong word, but like, the vintage of trees, every year they had another cohort.

• 23:04Alex Hormozi?

  And I was like, this is a really interesting business. And they had a fund around it. Because I don't want to know where the Venezuelan tree farmers are. I don't have those connections. I don't know how to sell walnuts at scale. Could I figure it out? Maybe. Is it worth my time? Probably not. Is it worth my money? If it doesn't take my time? Maybe. And so, the beauty of this one is that you have maximum leverage and you have the smallest personal checks. You have huge potentials for upside. There's also fees that you can put onto this. Typically, the better and the more track record you have, the more you can add fees in. I'd say your first time, oftentimes you have less fees, just because you want people to come in and not think you're going to get rich on the fees. They want to have as aligned incentives as possible with the investor. Now, oftentimes, the GP ends up richer than any single LP, obviously depends on how much capital gets put in, that they take from.

• 23:49Alex Hormozi?

  Now, the risks. You have enormous responsibility and a very long feedback loop. And you're accountable to the LPs and to regulators and to the Entrepreneurs who are running the businesses and to some degree the customers that those businesses serve. And so you have a lot of masters to serve in this time period. And you can be rich on paper, but the entire time you almost feel like a slave, which sucks. And so your job becomes managing risk and reputation and people and portfolios, not just building one company. And if anything, you're almost building the company of the fund. So I got rich bootstrapping my companies. I took some of my cash and invested in other people's companies. That cash continued to compound and I was able to invest and then co-found school where we raise capital. I obviously promote school as well, which if you're getting into business, you should check it out.

• 24:34Alex Hormozi?

  It's nine bucks a month. I also have a really cool offer for you. Also, I had a bunch of entrepreneurs donate those books. So this is also one of my ways of fulfilling that promise. Now I've raised capital and then finally it's in fund management. So we've raised capital for some of the real estate deals that we've done when we buy big buildings, which we do through ACQ Real Estate. We've only done that privately to some of our higher level clients and portfolio companies. We are functionally general partners in some big real estate buildings, which you can check out acquisition.com real estate. But yeah, these are the four ways to make mega money. Pick the path that's right for you and may the odds be ever in your favor.