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The Game with Alex Hormozi
A Tactical Guide to Make (And Keep) Your First $100,000 | Ep 746
Aug 7, 2024
Discover the tactical approach to making and keeping your first $100,000. Learn how lifestyle changes and mindset shifts can accelerate your journey. Delve into the power of hard work, patience, and outworking peers to achieve financial success. Uncover the importance of sales skills across all life areas, and see how embracing mistakes can be a powerful learning tool. Gain insights on skill acquisition through repetition and the significance of continuous learning and mentorship for personal growth.
26:34
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Quick takeaways
- Setting aside ego and implementing practical financial practices, like reducing dining expenses, is crucial for saving money effectively.
- Enhancing physical fitness and establishing disciplined habits significantly contribute to improved productivity and success in both personal and professional life.
Deep dives
Ego and Financial Discipline
To build savings, it is essential to set aside ego and focus on practical financial practices. This involves prioritizing basic living expenses, such as avoiding dining out and opting for discounted groceries. Individuals should strive to minimize unnecessary expenditures and concentrate on increasing their income through job applications and side hustles. The emphasis is on creating a financial buffer that allows for long-term planning rather than living paycheck to paycheck.
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