The Game with Alex Hormozi $100k is the Hardest Amount to Make | Ep 264
Jan 1, 2021
Reaching the first $100,000 can be a daunting milestone, as it requires a unique mix of skill acquisition and mindset shifts. The importance of understanding the vehicles and efforts needed to earn that amount is emphasized. Common pitfalls include outsourcing too soon without mastering new skills. Deliberate practice is essential for improving your abilities and becoming more valuable. This journey not only boosts your financial prospects but also reshapes how you view failures as stepping stones to success.
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First $100k
- Alex Hormozi's first $100,000 was the most meaningful.
- It gave him a sense of security, unlike later millions.
Why $100k Is Hard
- Making $100,000 is hard because people limit themselves to time-for-money exchanges.
- They lack leverage and must do everything themselves, leading to inefficiency.
Leverage and Outsourcing
- Outsource low-value tasks after making your first $100,000.
- Replace that time with higher-value activities to grow, not just maintain income.