The Game with Alex Hormozi No BS Advice to Get Rich in the Next 10 Years | Ep 762
51 snips
Sep 13, 2024 Discover how to become rich in a decade by prioritizing time over money. The discussion emphasizes the importance of smart investments of time and pursuing high-return endeavors. With cautionary tales about partnerships, learn how clear roles can secure financial success. Explore the link between mastering time and money for wealth creation. Embrace discomfort as a pathway to comfort, focusing on education, patience, and relationship-building. Real wealth comes from skill development and disciplined financial habits.
AI Snips
Chapters
Transcript
Episode notes
The Income Spectrum
- All income generation exists on a spectrum of active to passive, based on time invested.
- Focus on maximizing your hourly return, rather than labeling income as strictly active or passive.
Calculate True Cost
- Evaluate purchases by calculating the post-tax work hours required to afford them.
- This connects spending with time, promoting more mindful financial decisions.
The 10-Year Contract
- Focus on long-term wealth building over short-term gains; imagine a 10-year contract for significant net worth growth.
- Act accordingly, making reasonable bets that compound over time.