The Game with Alex Hormozi
How I Would Invest $1000 If I Were In My 20's | Ep 430
Sep 1, 2022
Discover how to invest in yourself for maximum returns in your 20s. A simple mindset shift can revolutionize your approach to generating income. Learn why providing value and solving problems is key to success. The importance of finding credible mentors and duplicating skills before replicating them is discussed. Focus on building a strong foundation of skills to exponentially increase your earning potential. Personal development and education are highlighted as vital components for long-term wealth creation.
21:53
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Quick takeaways
- Invest in acquiring skills and increasing earning capacity rather than traditional financial assets.
- Shift expectations when seeking education, be open to learning from everyone, and measure progress in terms of skill acquisition rather than immediate financial gains.
Deep dives
Investing in skills over traditional investments
Rather than investing in traditional financial assets, such as stocks and real estate, the podcast argues that individuals should invest in acquiring skills and increasing their earning capacity. By spending excess money on education, coaching, and mentorships, individuals can enhance their skills and dramatically improve their income potential. The focus is on replicating successful strategies before iterating and learning from every experience, even negative ones. The podcast emphasizes the importance of continuously acquiring new skills and building a diverse range of expertise in order to become a successful entrepreneur or valuable employee.
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