My 2 Million Dollar Gamble … Was I WRONG?
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In this video men’s style, grooming, fitness, and lifestyle expert, Aaron Marino of IAmAlphaM https://iamalpham.com/ AaronMarino https://aaronmarino.com/ Pete & Pedro https://peteandpedro.com/ Tiege Hanley https://www.tiege.com/and ENEMY https://enemy.com/ talks about how he invested 2-million into Salon Posta’s building. He’s always shied away from talking about money and investing in the past because he doesn’t want you to have a different opinion of him or feel he doesn’t ‘get it’ because he’s successful. Keep in mind that he grew up poor and didn’t have people around him that knew about money. He had no role models (and the internet didn’t exist yet), so he ended up making money mistakes. Don’t [email protected]#k it up today. That’s Alpha’s daily mantra.
$2 million in CASH?!?!
Recently, Alpha bought the building for Salon Posta and all the facility equipment for a total of $2 million. He paid cash, which means he tied all of this cash into an asset. Why did he do that? Financially literate people would say he shouldn’t have — they would say he should have leveraged it. Yes, Alpha owns the building, but a company with equity (salon) was also set-up.
From there, the salon pays Alpha rent, which is passive income. He makes an annual return of 6% that won’t fluctuate with the market, and he has investments in other places. Debt scares Alpha. After his bankruptcy, he decided never to have debt again. He may not make as much as he could, but he sleeps better not having debt. The other reality, he can refinance and take it out.
Why Salon Posta?
- The main reason he did this is to start this other entity in Salon Posta. Salons can do very well in business. Barbers (for men) are great for one person, but it doesn’t build wealth (you can only charge so much for a haircut). A female demographic increases the average ticket to $135 – $150, which goes up depending on the additional services. The majority of the costs are labor, and there is a ton of room for growth. Salon Posta has room for 28 stylists!
- Another reason Alpha decided to do this is he believes in Stephen Posta. Alpha wanted to be part of his story and to come along for the ride. Alpha’s been with Stephen for a long time, through his illnesses as well. Alpha wants to use his success to help Stephen change his life as well.
- The last takeaway is that he believes in himself. If you are going to kick ass in life, you have to believe and invest in yourself. It’s risky and a gamble, but nothing great was accomplished because it was easy. The $2 million investment does make him uneasy, but he feels good about it. He gets to see spicy senoritas for his YouTube videos and free hair cuts! Stephen said that the salon has been busier than expected, and he’s happier than happy could be.
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Alpha is jealous of you because of your potential. You have the opportunity to get started today. If Alpha knew what you know today, he would so much more killing it, but he didn’t have the education. Start today investing in your future so you can develop financial freedom.