Get Rich While You’re Young | Alex Hormozi Answers Your Questions Live

I'm making this for people who want to get rich. And if that is not you, that is totally fine. There's no judgment. You can skip this. But this is for people who are trying to, call it money max for the short period. So, if you if you want to max, you have to min, and

you have to be willing to do that for a period of time. And so, I'm going to give you an argument that I think is very compelling for why you do it sooner. And so, if you want to get rich, then you should try and get rich as young as possible, and I

will break down very logical reasons for why. So, number one, first and foremost, one of the most underrated reasons is the math behind getting wealthy. All right? So, money compounds at three to four times the rate in the beginning as it does later, meaning your increase in compounding on the excess cash you have in the earlier

parts of your career will outpace the increase in earning power. And so, for example, if you have $1 extra when you're 25, it might be $90 by the time you're 70, right? Whereas, if that same dollar at would only be a third as much. And that same dollar at 45 would be a ninth as

much, right? And so, the idea is the dollars that you make, even though they may be smaller by proportion, when you get when you allow compounding to compound, actually results in more money later. Now, my argument there is not that you must take 100% of your dollars and put it into the S&P 500. That's

never been my argument. But that the dollars you do choose to put into investments of any kind at an earlier part in your in your career do get disproportionate returns. So, that's thing one. The second thing is that your skills will also compound disproportionately that you acquired at a younger age, right? Like, there's a