9 Powerful Learnings From a Millionaire Mastermind

Summary

The 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

00:00

😄 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.

05:03

👟 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.

10:05

🤝 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.

15:12

💪 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.

20:13

😴 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.

25:15

🚴‍♂️ 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.

Keywords

💡mastermind event

A mastermind event refers to a gathering of successful entrepreneurs and business leaders to network, share ideas, provide advice, and help each other solve problems. In the video, the narrator hosts a multi-millionaire mastermind event in Mexico. This brings together influential people to have thoughtful discussions and unlock new thinking.

💡vulnerability

Being vulnerable means openly sharing personal struggles, insecurities, and challenges with others. The narrator emphasizes that vulnerability breeds strength, as it encourages others to open up as well, leading to deeper connections and mutual support.

💡freedom

True freedom means having the ability to live life on your own terms. The narrator notes that many financially successful people at the event still don't feel free, as they remain stuck chasing more money rather than intentionally using it as a tool for freedom.

💡movement

Movement refers to taking action and making progress. The narrator stresses its importance over detailed planning, as you often gain key insights through actually walking the way first instead of trying to map out every step.

💡rebrand

Rebranding yourself means shifting the narrative and public perception of who you are. It's never too late to change direction and reinvent yourself. Several event attendees are looking to rebrand after already achieving success.

💡structure

Imposing structure and routine in your day prevents chaos and uncertainty, which many struggle with transitioning from stable jobs to entrepreneurship. The narrator advises proactively creating structure yourself.

💡journey

One's journey refers to the ongoing path of professional and personal growth and discovery. Everyone at the event is on their own unique journey, facing different questions and opportunities.

💡momentum

Momentum means forward progress that builds on itself, accelerating over time. Taking action creates momentum, compounding knowledge and propelling you to new breakthrough moments.

💡evidence

Evidence means visible proof and examples demonstrating a claimed identity shift. The narrator says that rebranding yourself requires producing evidence (i.e. results) of your new version rather than just talking about it.

💡rent

Paying your rent is a metaphor for continually taking effort to achieve goals every single day, no matter your past success. As the narrator puts it, you start from zero daily to earn what you want in life.

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