“If you want to make more money, you need to be able to resist urges to spend or to give them money.” Today, Leila (@LeilaHormozi) shares critical strategies for wealth accumulation, including the importance of speed in wealth creation and innovation through frugality. Learn from her journey to a net worth of over $100 million, as she emphasizes the need for a proactive money mindset to build and maintain wealth successfully.
Welcome to Build where we talk about the lessons I have learned in scaling big businesses, gaining millions in sales, and helping our portfolio companies do the same. Buckle up, because we’re creating an unshakeable business.
Timestamps:
(1:50) - Principle #1: Ignore advice from broke people
(5:24) - Principle #2: Money loves speed, wealth loves time
(7:25) - Principle #3: Money goes where attention flows
(10:02) - Principle #4: Frugality drives innovation
(13:33) - Principle #5: Always have an 'Oh Sh*t' fund
(15:14) - Principle #6: Never rush financial decisions
(18:29) - Mastering emotions around money
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