The Game with Alex Hormozi Money Talk - How to Retire by The Age of 40 | Ep 280
6 snips
Feb 23, 2021 Discover how to escape the nine-to-five grind and retire by 40 without needing a million-dollar salary. Alex shares insights on the common pitfalls that keep people from wealth and introduces his unique '1% pyramid' model for financial success. He emphasizes living below your means and explains a simple retirement calculator to help you save effectively. Tune in for practical strategies to enhance income, minimize spending, and achieve true financial independence!
AI Snips
Chapters
Transcript
Episode notes
The Prius Story
- Alex Hormozi arrived at a mastermind event in a $6,000 Prius with a cracked windshield.
- Despite being a millionaire at the time, he prioritized saving over outward displays of wealth.
The 1% Wealth Pyramid
- The top 1% wealth bracket starts around $1-5 million in assets, not income.
- Many high-income earners fail to reach this level due to overspending.
Simple Path to Top 1%
- Save $1,200 monthly in the S&P 500 for 30 years to reach the top 1% wealth bracket.
- This assumes a 9% average annual return, achievable through consistent, long-term investing.