Lewis Howes, podcast host and interviewer, joins Alex to talk about the challenges faced by people who haven't made money, the skills and habits of wealthy individuals, and the consequences of having a poor mindset. They also discuss protecting one's ego versus helping others, and Alex shares his vision for the future.
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Quick takeaways
Allocating resources wisely is crucial to break a broke mindset and achieve success.
Investing in education and learning new skills can provide leverage and increase productivity.
Taking calculated risks and prioritizing skill development are important habits for achieving success.
Deep dives
Selling, building, and leading are the key skills for success in business
It is important to learn how to sell, build, and lead to achieve success in business. These three skills are essential in order to generate sales, create products or services, and effectively manage a team.
Allocating time and money resources wisely is key to overcoming a broke mindset
To break a broke mindset, it is essential to allocate time and money resources wisely. This involves being productive with time by avoiding distractions and focusing on high-leverage activities. Additionally, investing in skills and education can provide leverage and increase output per unit of time.
Investing in education and learning skills is crucial for success
Investing in education and learning new skills is one of the most important actions for achieving success. Gaining mastery in a specific area can provide leverage on time and increase productivity. Taking action, making mistakes, and learning from experience can often be more valuable than simply reading books or consuming conceptual knowledge.
Taking calculated risks and debt for education can lead to higher returns
Taking calculated risks and borrowing money for education or skills development can often lead to higher returns in the future. Investing in the right education that provides tangible skills and knowledge can have a positive impact on earning capacity and provide a solid return on investment.
Consistency in focused work and prioritizing skill development lead to success
Consistency in focused work, prioritizing skill development, and reducing distractions are important habits for achieving success. By finding a dedicated time for focused work and prioritizing skill acquisition, individuals can increase their output per unit of time and progress towards their goals more effectively.
The biggest gifts I got from those wasn't even the education, but it was the perspectives on reality. Today, join Alex (@AlexHormozi) as he guests on Lewis Howes’ Show to talk about why it’s becoming harder for people that haven’t made money, the skills and habits of wealthy people, and why having a poor mindset can ultimately lead to your downfall. This is part 1 of the interview.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.