Underrated Strategy to Make $10M (Become an employee)

Summary

• I'm aiming to reach $10 million as quickly as possible over my lifetime.
• One underrated strategy is to become an employee at a company.
• Companies may offer equity, like 0.2% per year over five years.
• If the company goes public for a billion dollars, your stock can be worth $10 million.
• With $10 million in stock, you can take loans against it and live like the ultra-rich.
• Loans taken against the stock can be tax-free.

Video

How To Take Action

I would suggest implementing the strategy of becoming an employee at a promising company. This is a low-cost, high-value move. Find a company with high growth potential and negotiate for equity as part of your compensation package. Even getting a small percentage, like 0.2% per year, can be significant if the company grows.

Next, look for companies that are on a trajectory to go public or get acquired. Getting in early at a company with strong potential can lead to sizable gains. This might take some research and networking, but it's a valuable investment of your time.

If you secure stock options, be patient and work hard to help the company succeed. Your contributions could significantly impact the company's growth, increasing the value of your equity.

When the company goes public or gets acquired, your stock could be worth millions. At this point, leverage your stock by taking loans against it, which are typically tax-free. This allows you to maintain liquidity without selling your stock, enabling you to live like the ultra-rich while your net worth continues to grow.

For personal growth, start by developing skills that are highly valuable to these types of companies. Focus on becoming irreplaceable within your role. This will not only help you negotiate better terms but also increase your value within the company, potentially leading to faster promotions and higher earnings.

Lastly, continuously educate yourself about the market and emerging companies. This way, you can identify and join high-potential companies early, maximizing your opportunity for equity gains.

Quotes by Alex Hormozi

"I'm trying to get to $10 million over the span of my life ideally as fast as possible"

– Alex Hormozi

"I want to tell you a different strategy that I think is wildly underrated"

– Alex Hormozi

"you can go and become an employee"

– Alex Hormozi

"they say we'll give you 0 2% per year times 5 years"

– Alex Hormozi

"then you have something that is worth $10 million"

– Alex Hormozi

Full Transcript

I'm trying to get to $10 million over the span of my life ideally as fast as possible I want to tell you a different strategy that I think is wildly underrated you can go and become an employee they say we'll give you 0 2% per year times 5 years over that time period the company goes public for a billion then your stock is worth $10 million and then you have something that is worth $10 million that you can then take loans against and you two can live like the ultra rich and take those loans taxfree