AI Snips
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Wealthy People Spend Less
- Wealthier individuals often exhibit lower spending habits compared to those with less wealth.
- They prioritize acquiring items at lower costs and demonstrate reduced desire for extravagant purchases.
Negotiation Tactics
- Negotiate price and terms separately when making a deal.
- Agree upon a price first, then discuss and negotiate the terms to your advantage.
Fifth Gym Acquisition
- Alex Hormozi acquired his fifth gym for $50,000 with seller financing over 12 months.
- The gym generated $51,000 in its first month, effectively paying for itself.