Alex Hormozi
March 4, 2026 · 6 min read
If I Wanted to Make My First $100K in 2026, I’d Do This
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Key Takeaways
- 1Step 1: Cut All Costs So You Can Take More Risk
- 2Step 2: Save Time
- 3Step 3: Research a Skill That People Already Pay Money For
- 4Step 4: Spend Time Learning
- 5Step 5: Spend Money in the Right Places
Step 1: Cut All Costs So You Can Take More Risk
When I say all costs, I mean ALL costs. You don't eat out anymore for anything. If you're hungry, you deal with it. If it's not from a discount grocery store, you don't buy it. For clothing, what you have right now is everything you need for the next two years. Period. No exceptions. Keep reusing it, trade, or go to Goodwill.You go to work, you go home, and home is ideally with your family or worst case with another family also trying to make it. It's got to be as cheap as you possibly can. When I was beginning my journey, I was splitting a bedroom in a six-bedroom house with one guy. Every night we'd stare at each other and I'd be like "Good night, John." I was paying $300-400 a month for a very long time while building my business.For your car, ideally a paid-off clunker is the best way to go. If you can't, you want it to be as cheap as humanly possible. The reason this is so important is because you're probably spending all the money you're making. We need to decrease expenses so we have cash flow that we can start reinvesting in getting more skills.
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