AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Insurance Is the Opposite of a Depreciating Asset
Alex Hormozi: Insurance is basically the opposite of a depreciating asset. He says insurance companies get all the money up front and then appreciate the money over time, pay you off of that. People front their time, front their effort, front their labor, they delay and then they get paid,. They move up to self-employed, they front, they're time where they split, you know, now half later. And above that, who gets 10% off what you make as I see it? This is the money ladder; this was valid before.