The Game with Alex Hormozi

What the Wealthy Actually Teach Their Kids | Ep 910

60 snips
Jun 18, 2025
Success isn't just about appearances; it's about real execution and value creation. Wealthy parents instill a mindset that prioritizes earning and investing over mere savings. The myth of passive income is debunked, showing the value of active efforts for true financial growth. Personal accountability plays a vital role in wealth creation, emphasizing skill investment. Outsourcing tasks can boost productivity and earnings. Ultimately, it's about fostering a wealth mindset that values long-term gains over superficial displays of richness.
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ADVICE

Don't Despise Wealth

  • Avoid despising wealth or rich people as it blocks your path to success.
  • Embrace that money is a tool allowing value exchanges that grow economies and personal wealth.
ADVICE

Make Active Income First

  • Prioritize earning active income over chasing passive income myths.
  • Develop skills and leverage your time before relying on passive income streams.
ADVICE

Own Your Financial Problems

  • Accept full responsibility for your financial situation to empower change.
  • Stop blaming others and become proactive about learning wealth-building skills.
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