The Game with Alex Hormozi We Are Giving Away Our Money | Ep 332
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Sep 28, 2021 What happens to wealth after we're gone? Alex and Leila share their decision to donate their estate to charity, emphasizing the value of experiences over inheritance. They compare entrepreneurship to a casino, underscoring the meaningful use of money. The conversation stresses that passing down wealth can hinder the development of essential earning skills in descendants. They also promote a free Scaling Roadmap to support business growth, encouraging listeners to invest in their knowledge and community.
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Will to Charity
- Alex Hormozi and his wife Leila signed wills donating their estate to charity.
- This decision stemmed from their belief that inherited wealth can be detrimental.
Legacy and Earned Wealth
- Giving unearned money to descendants can hinder their personal growth.
- A lasting legacy is an illusion; even great civilizations fade from memory.
Natural Inclination in Business
- Alex Hormozi believes that business success is largely due to natural inclination, like physical traits.
- Hard work and sacrifice refine these inherent abilities, but some have a natural advantage.