The Game with Alex Hormozi 14 Money Mistakes | Ep 485
116 snips
Jan 12, 2023 Learn about the 14 common financial mistakes made by young adults and how to avoid them. Discover the importance of prioritizing education and smart spending for long-term stability. The discussion emphasizes surrounding yourself with ambitious peers and defined personal success. Understand the true value of money by connecting purchases to the effort it took to earn them, advocating for meaningful experiences over impulse buying. Perfect for cultivating a mindset that fosters growth and financial wisdom!
AI Snips
Chapters
Books
Transcript
Episode notes
Status vs. Education
- Underspend on education and overspend on status.
- Focus on hustling and learning, not flexing on people who can't help you.
Learning Over Earning
- Take jobs to learn, not just to earn, especially in your 20s.
- Prioritize skill development over immediate financial gains, even if it means accepting lower pay.
Invest in Yourself
- Don't just save; invest in your earning potential.
- Increase your skills and reinvest the returns for exponential growth, rather than traditional saving.
