9 Powerful Learnings From a Millionaire Mastermind
Summary
TLDRThe video chronicles entrepreneur Alex Hormozi's week-long mastermind event in Cabo, Mexico with a group of successful multi-millionaires. He shares key insights from his experiences hosting the event and interacting with attendees. Themes covered include the power of placing yourself in inspiring environments, embracing vulnerability to find strength, using money as a tool for freedom, focusing on impressiveness to self over others, taking action over perfect planning, constantly redefining yourself through changes and movement, structuring your own days amid entrepreneurial chaos, and remembering that regardless of past success you start from zero every single day as you strive to unlock your full potential.
Takeaways
- 😊 Put yourself in inspiring spaces to think bigger
- 💪 Vulnerability breeds strength
- 🚀 Money should be used thoughtfully to create freedom
- 🙌 Being impressive to yourself matters most
- 🤔 Movement creates insights more than planning does
- 😎 You can rebrand yourself at any time
- 🗒️ Lack of structure is challenging for entrepreneurs
- ⏰ Every day you start from scratch and have to earn success again
- 🔜 Embracing "yet" opens up possibilities
- 💕 Family and rest matters as much as hustle
Q & A
What is the purpose of the mastermind event in Cabo?
-The purpose is for a group of multi-millionaire entrepreneurs to share key learnings that have changed their lives and may change others' lives as well.
What is Duncan and why does the narrator want to find it in Cabo?
-Duncan is presumably the narrator's preferred brand of cold brew coffee. He wants to find it or something comparable during his trip to Cabo.
What is the narrator's rule #1 for staying fit while traveling?
-Rule #1 is preparation - making sure to have healthy meals and snacks on hand.
What is the paradox of change the narrator references?
-The paradox of change is that change itself is the only constant. People and situations are always changing.
Why does the narrator say that being impressive to others is useless if you don't feel impressive to yourself?
-Because if you don't have self-worth and aren't impressed by your own accomplishments, external validation won't be enough to fill that void.
What quote does the narrator attribute to the poet Rumi regarding taking action?
-"As you start to walk the way, the way appears" - meaning you have to take action first before the path forward becomes clear.
What is one of the biggest challenges facing new entrepreneurs according to the narrator?
-The lack of structure compared to a stable corporate job. Entrepreneurs have to impose structure on themselves.
What is the purpose of the "most important thing" sharing activity on the first day?
-It sets the tone for openness and vulnerability, while identifying key issues everyone wants help on.
Why does the narrator say 'yet' can completely change your life?
-Adding 'yet' changes "I'm not capable" to "I'm not capable yet" - keeping you open to future possibility.
What is the narrator's end of trip tradition?
-Eating a big meal and watching Family Guy.
Outlines
😄 Arriving in Cabo and Sharing Key Learnings
The paragraph describes the speaker's arrival in Cabo, Mexico for a mastermind event with a group of multi-millionaire entrepreneurs. It mentions key learnings from the experience that changed the speaker's life and may change others' lives as well. The speaker expresses excitement to share the entire experience.
👟 Early Morning Fitness Routine in Cabo
The paragraph depicts the speaker's fitness routine on the first full day in Cabo, including a pre-run smoothie and difficult treadmill interval workout. It describes the specific workout plan and intensities.
🤝 Sharing Vulnerabilities and Thinking Bigger
The paragraph discusses the benefit of vulnerability at the mastermind event, allowing participants to realize no one has everything figured out. By sharing insecurities, they build strength in themselves and others. It also notes that being in an inspiring place with inspiring people causes one to think bigger.
💪 Afternoon Fitness Session and Programming
The paragraph describes an afternoon group fitness session before the first formal mastermind programming. It explains the format of sharing each person's most important issue to discuss over the next few days.
😴 Reflecting on a Successful But Tiring First Full Day
The paragraph reflects on an intense first full day with the mastermind group. The speaker found it very helpful and successful but also tiring, so he plans to get some sleep before continuing the next day.
🚴♂️ Early Morning Routine and Loose Event Structure
The paragraph depicts the speaker's early morning routine including breakfast, writing, and an explanation of the loose structure of the mastermind days. Side conversations tend to be more interesting with loosely planned event programming.
Mindmap
Keywords
💡mastermind event
💡vulnerability
💡freedom
💡movement
💡rebrand
💡structure
💡journey
💡momentum
💡evidence
💡rent
Highlights
Put yourself into big places to think bigger about your problems and challenges
Vulnerability breeds strength; open up about struggles to build strength in yourself and others
Freedom is the real goal; use money thoughtfully as a tool to create freedom
Being impressive to others is useless without self-worth and impressing yourself
Planning is overrated, doing creates momentum and compounding insights
You can rebrand and change the narrative about yourself at any time
Lack of structure is a major challenge for new entrepreneurs
Every day you start from zero no matter how successful you are
The word 'yet' changes your mindset to see your untapped potential
Preparation with big breakfast fuels long travel day
Morning workout maintains fitness routine while traveling
Buy essentials like coffee to stay productive on long flights
Structure days loosely but have evening programming for better discussions
Hit brutal 12 mile treadmill run before leaving paradise
End trip tradition is family, food and TV to transition home
Transcripts
in this video you're going to come along
with me as I host a mastermind event in
Cabo Mexico for a group of
multi-millionaire entrepreneurs you're
going to be with me for the entire
experience and I'm going to share the
key learnings that changed my life and
may change yours let's
go always
dunk rule number one for staying fit on
the road
preparation
morning flight it's like a 6-h hour
flight I try not to eat on planes if I
can avoid it so having a pretty big
breakfast here we've got six eggs half a
cup of oats 1/4 cup of blueberries some
walnuts and a tablespoon of raw honey
that's 48 g of protein 55 G of carbs and
53 G of fats for a total of 860
calories traffic at JFK is an absolute
disaster thanks thank God for TSA
pre-check this is the single most insane
TSA pre-check line I've ever seen in my
life might miss this fight essential
purchase for a long work filled
flight about 30 minutes from touching
down here in Cabo and after all this
cold in New York I got to admit I'm
pretty excited for some
sunshine made it out of the airport and
it is hot as hell here I love
it gotcha thank you what if we plan it
outo for a
week for a
day you can come and be my bab you see
what a gentleman I am what if we
Street like theen days at the
beach my like a be not the worst hi hi
bud I think it was Jay-Z who said fresh
out the frying pan into the fire so
that's what we're going to go do going
to go get some Fitness in 5 miles easy
and an upper pull workout some trap bar
deadlifts some back some biceps get that
movement in after the flight best recipe
always most beautiful
gym maybe in the
world hard to top
this
learning number one if you want to think
bigger put yourself into big places I
just got here all of this just started
and I am already thinking bigger about
all of the problems that I'm currently
wrestling with in my life the biggest
reason is because I'm in a big inspiring
Place surrounded by inspiring people
when you put yourself into those big
spaces you start to think bigger it's
just something that happens it's it's
hard to explain why but it just does so
that's learning number one the first
thing you need to do if you want to
think bigger about your life about the
problems you're facing about the
challenges that you want to work through
put yourself into bigger
spaces first half day and evening in the
books whole crew getting in tomorrow for
the start of like like the real
programming around the whole event I've
got a tough run workout in the morning
so going to be up bright and early going
to go catch some sleep and we'll see you
on the other
side good morning it's the first morning
here in Cabo 5:13 a.m. little bit of jet
lag I was up by about 4:30 even though I
didn't go to bed quite as early as
normal going to do this little morning
cocktail GNA get some work done see if I
can do this without making a
mess not bad oh little bit of spillage
we'll call that a
win CAU some of the salt out of the
throat all right time to go find this
cold plunge morning
ride
always
dunk just smashed this pre-run smoothie
whole milk banana peanut butter whey
protein going to go hit this brutal
workout on the treadmill Go Get It 2 mil
easy and a 2 Mile push at a 605 Pace
we're going to
attempt a 400 met jog a mile a 550 Pace
400 m Jog and then 4X 30 second pickups
it's going to be about 8 Mi of total
work going to be a hard push let's go
get
it first 2 Mile push down held it at 6
Pace 10
mph one more push one mile 550 Pace go
550 M push done 4 30 second pickups to
go finish
strong
that
was hard and painful but we got through
it great Fitness session for the day
beautiful out it's only like 9:00 a.m.
we're going to go grab some breakfast
everyone's going to arrive we're going
to get this thing on the
road
home for the next few
days not too bad all right the Calm
before the storm I suppose we've got
five or six guests uh arriving to start
formally my hat's all crooked uh start
formally this anti-m Mastermind we have
typically called this The anti-m
Mastermind in that it's not a
money-making Endeavor for us we're not
charging people to be here above and
beyond what it costs us all we split the
cost evenly across everybody so we're
not making any margin on it it's not a
profit-making Endeavor this for us has
been all about seeing these inflection
points in people's lives and being a
small part of creating that chain
reaction that creates you know all sorts
of positive ripples in their world and
in the worlds of the people that they
impact learning number two vulnerability
breeds strength one of the the things
that you quickly realize at these events
is that no one has it all figured out
there's a tendency for all of us to
think that these people that we look up
to and Admire have it all figured out
that they know exactly where they need
to go that they ex know exactly what
they need to do the reality is that no
one has it all figured out but the only
way you realize that is through
vulnerability through opening up through
sharing the things that you're insecure
about through sharing your personal
struggles and those challenges that
you're facing and when you do do that
you create so much more strength in
yourself and in the people around you so
it creates a ripple effect it creates a
chain reaction with the other people in
your circle because it encourages them
to be vulnerable about the things
they're struggling with it encourages
them to open up and to find that
strength in themselves that comes from
being vulnerable so when you get into
these environments with new people
especially in environments where you
start to think that everyone else knows
more than you you start to feel insec
Ure open up about your own struggles
feel that vulnerability release it out
into the world because it will breathe
strength in yourself and in the others
that you are around that's learning
number
two big just wrapped up lunch whole crew
got in going to go get a little bit more
Fitness in round two before kicking off
programming this evening got the whole
are Squad out here getting that Fitness
in in Paradise sweat together that's the
key this window right here it's arguably
the most jacked you'll
ever looking like a
Greek
God now it's not the roll now the
commentary is getting included oh well
you know I got to got to keep it honest
I like
it
Beast all right we are down here tucked
into this little spot right on the beach
right next to the water for the first
piece of really formal programming of
this event which is when everyone goes
around and shares our most important
thing quote unquote now the idea here is
that we all share the one major thing
that we're wrestling with or struggling
with that we want the feedback from the
group on that we're going to be stewing
on over the course of the next few days
that we're looking for perspectives
advice sharing Etc it sets the tone for
the next few days because now I know
what everyone's really focused on now I
know what I might be able to help them
with what I should be thinking about as
I'm interacting with them and they all
know that about me so it really sets the
tone opens everyone up there's a lot of
vulnerability and openness sets everyone
on a positive trajectory for the next
few days
gentlemen gentlemen
gentlemen already already imens helpful
you
just success ful and very tiring first
full day with everyone here so many
interesting learnings to share
but now I need some sleep see you
tomorrow upright and
early
boys and as always always done
going to grab some breakfast post cold
plunge the format of these days and how
we structure it is very loose and open
throughout the entire day and then
programming sort of happy hour into
dinner the idea with that is that you
get a lot more interesting side
conversations and interactions when you
create that space when you actually have
the free time during the day to have
those moments and what we found is that
the programming actually leads to more
substantive interactions during all of
that free time it leads to uh some of
the better discussions some of the
better brainstorms
Etc when I said prioritize protein is
what I meant six egg
omelette
avocado and a ploh bacon that's
prioritizing protein breakfast so damn
good no Duncan here unfortunately in
Cabo so going to have to go on a mission
to find some good cold brew see what we
can make do it's not going to be Duncan
but we'll find a way to
Perse do the taste
test quite good quite good better than
Starbucks obviously
I'd say it's like a 7 and 1 half if
Duncan's a clear
10 free though so that adds to it just
sitting out here doing a little bit of
book writing in this beautiful
setting doesn't get much better than
that learning number three freedom is
the real goal for all the financial
success of the people that are attending
this event it's pretty clear that many
of them don't feel rich why is that
because they're on this endless Chase
for more and more money but the money is
not actually buying them the freedom
that they thought it would the reality
is that money is a tool it can be used
to create freedom but only if you're
thoughtful about it the default setting
is that money actually keeps you on a
chase for more money the real goal for
everyone here is freedom they want the
ability to do what they want with who
they want when they want but that only
happens if you're intentional about how
you use money if you're simply going
after it as an end in and of itself
you're never going to find you're never
going to derive the freedom that you
actually are seeking out so be
thoughtful about that on your journey
money is not an end in and of itself
it's a tool to create the freedom that
you truly want Fitness time got five
mile easy run coming off yesterday's
really hard interval workout so 5 miles
easy for the running and then going to
hit a leg day out here probably do trap
our deadlifts goblet squats rdl's lunges
all that kind of good stuff should be
fun and it'll set me up for a nice big
Mexican food
feast
quick golf cart
ride pick up some clothes going to head
back over to the clubhouse for a little
executive session that's sauna steam
cold plunge before the next round of
programming which is going to be when we
start to do deep Dives on each
individual's most important thing so
this is when we actually spend time
going deeper into the individual
problems that people are facing when we
start pressure testing them asking
questions really getting into the weeds
of those challenges to help people have
those unlocks it's my ride for the night
man I'm not going to lie I kind of got a
heavy foot on this thing not the
smoothest ride luckily I Got No guest
right now I seen better drivers
at
least another great session in the books
heading back catch some sleep
before cold wisdom episode number 50
tomorrow
morning just got back after the evening
programming and I'm in one of those
states of pure exhaustion paired with
just pure excitement the
energy and
enthusiasm of the deep Dives tonight was
unbelievable and just seeing people
light up as they thought bigger and as
they explored all the upside and the
opportunities that they hadn't even
realized was there was so much fun it's
one of the great joys of doing these
things to just see people feel that
unlock and feel that upside and really
experience that big thinking more to
come i' never understood throw pillows
this is in some movie maybe Along Came
paully it's so true why are these things
always on damn bed useless too wired to
go to sleep so I'm going to hit you with
learning number four being impressive to
others is useless if you don't feel
impressive to yourself so many of us are
motivated by being impressive to other
people by having other people look up to
us admire us Etc and the reality is if
you aren't impressive to yourself if you
don't feel worthy if you don't have that
self-worth if you aren't impressed by
the things that you're doing internally
you are never going to feel like being
impressive to others is enough it's
never going to fill your cup you're just
going to be chasing the next thing over
and over and over again so as you're on
your journey as you're performing
whatever acts whatever businesses
whatever duties uh as you're going after
whatever purpose make sure that you are
focused on the things that fill your cup
the things that actually make you feel
meaning the things that make you feel
impressive to yourself because at the
end of the day the only person that you
are going to spend your entire life with
is you and if you aren't impressive to
yourself none of those other things will
matter none of the external accolades
none of the respect and admiration of
others none of that will matter if you
don't respect and admire your
self with video shoot do your own deal
Waking Up In
Paradise day 50 cold wisdom coming in
hot always
dunk
that one hit different back at it with
some Fitness five easy miles followed by
an upper push lift with a beautiful view
can't beat
it got the boys out here upper push lift
going to hit some chest shoulders tries
and then go smash some fish tacos let's
go
learning number five planning is
overrated doing is underrated I had a
long conversation while I was here with
a billionaire Industrials entrepreneur
someone who had generated enormous
financial and business success through
building something huge one of the
things he told me was that he didn't
didn't have the key Insight or idea for
his business until year nine of building
of struggling through the mud I thought
that was so interesting because he never
would have had that big Insight if he
hadn't struggled at the business of
actual movement of actually doing things
for a long period of time it reminded me
of one of my favorite quotes from the
ancient poet roomie who said as you
start to walk the way the way appears
you actually can't stand where you
currently are plan the perfect path
ahead of you you can't create the
perfect business plan the perfect
strategy any effort to do that is
actually a little bit useless without
movement you have to start to walk the
way and the way will appear planning is
great but the reality is that movement
is what creates momentum movement is
what creates the compounding of
knowledge of insights of learnings that
actually create those aha moments those
insights those things that you look back
on and say that was the inflection point
that was the thing that turned
everything around for me or that led to
that launching off point it is time to
go eat about 10,000 88 8 to 10,000 fish
tacos got that road cold brew for the
ride over to
Chileno our final
location for this
trip this place is freaking
crazy it's the only place you'll ever
see me
napping learning number six rebrands can
happen any time you're never too late
too old too far down a path to change
the narrative about you who you are and
what you're all about a lot of the
people that are here are in that process
they've climbed their first Mountain
they've reached the Pinnacle of
something and they're looking to make a
change they're looking to make a Rebrand
they're looking to change the narrative
on who they are and on what they're
about the Paradox of change says that
the only constant is change you are a
part of that entropy is reality you can
continue to shift the narrative on who
you are by creating evidence of that new
version of You by creating Movement by
actually building that muscle the only
way to do it is to just start walking is
to actually go and create that evidence
you can't do it by just talking you can
start it you can start to create that
but you really need to move you change
the narrative by
doing headed to
dinner learning number seven lack of
structure is one of the biggest
challenges of Entrepreneurship
especially for new entrepreneurs people
that are leaving a stable track and
getting into entrepreneurship for the
first time the lack of clear structure
in your day days is one of the biggest
challenges you're ever going to face the
solve is by creating clear structure
giving yourself that structure that you
previously had in your stable job but in
the new environment if you don't do that
it can be really really difficult to
make that transition just because
naturally entrepreneurship relies on you
you have to set your structure otherwise
one doesn't exist no one's telling you
what to do at the different times of day
all of the entrepreneurs that are at
this event have faced this in some way
shape or perform during their
entrepreneurial Journey so if you're
just setting out if you're thinking
about making the leap from where you are
today in a stable track to that
entrepreneurial lifestyle you need to
create a clear structure a clear
approach that you're going to use when
you go and do that if you want to
thrive dinner on the last night here in
Cabo success
delicious headed back get some sleep for
the final morning and flying back the
wife and little man buzzing with energy
so many interesting takeaways so much
more that I'm going to continue to share
but I've got an early morning 12mile run
to hit on a treadmill which I absolutely
hate so I'm going to get some sleep I'm
going to be upright and early going to
go hit that and then close out with some
final few learnings trip
home good morning got a brutal run to go
hit on the treadmill this morning I
think it's like 12 miles with a bunch of
speed miles mixed in there would much
prefer to be doing this outside but it's
too hilly here to do so we're hitting
the treadmill going to go grab something
to get in my stomach and then go get
that
done a little walk little stroll always
dunk
all right so the setup of this workout
is 2m warmup then three rounds of 2
miles on at just north of a 6 Minute per
mile pace and one mile off at an easy
pace and then a mile cool down so that's
total of 12 Mi with the 2m warmup and
the 1 mile cool down and 9 Mi of
intervals there in the middle it's going
to be brutal doing this on a treadmill
not for the Fain part let's go get it
this is home for the next hour and a
half about to get into this first
interval one round down two to
go two rounds down one to go finish
strong all right Post Run getting after
it with some calories here we've got
cottage cheese with fruit and honey got
six egg scramble side of avocado we've
got some crispy bacon that'll replenish
you leaving Paradise
back to
reality learning number eight every day
you start at zero no matter how far
you've made it in life no matter what
you've achieved no matter if you're the
most successful business person in the
world or if you're just starting out
every single day you start from scratch
every single day you have to pay your
rent to achieve the things you want in
life you have to earn those things on a
daily basis nothing is given to you on a
daily basis no matter how far you've
made it in life that's a pretty nice lot
right
there it's a cool 30
mil made it to the airport as always
most important initiative at the airport
finding a present for little man
friendly dolphin I left my damn watch
over it security hope it's still there
no luck it's $500 down the drain right
there and had insult to injury now I got
to get Starbucks copy cuz they ain't got
they ain't Duncan here in Cabo this is
tier s coffee right
here learning number nine the word yet
will completely change your life you
have no idea what you're capable of the
only way to find out is to put yourself
out there way out there Way Beyond your
current competency and your comfort zone
to take that big risk to do that thing
that scares the hell out of you yet is a
reminder that you are capable of much
more than you think I'm not capable of
that becomes I'm not capable of that yet
when you embrace the yet you start to
slowly find what you are truly capable
of about to get home hopefully little
man's asleep see him in the morning got
this dolphin to give him hanging out in
the
backpack I don't think we're in Cabo
anymore it's about 30° out and your boys
in it
t-shirt looking like an idiot let's get
cold I guess I sending a t-shirt
actually I've seen today 2 minutes in I
was like man now I'm now I'm committed I
got to stay out
here home sweet home I think we had a
mouse when I was gone so there's all
these mouse traps set up all over the
ground I'm going to be in trouble for
that one I'm starving and feel like I
haven't eaten all day so we're making a
big old pile of turkey rice and eggs to
close out this trip let's Feast happy to
be home with my end of trip tradition of
food
and Family Guy classic all right I'm
home so that's all for now you all got
to go I hope one of those nine learnings
from the experience Sparks incredible
change in your life in the year ahead if
you enjoyed this you're going to love
some of my other day in the life content
and Vlogs which you can find mind right
here until next time as always stay
curious
friends
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