The Game with Alex Hormozi

Fear of Being Poor, Validation, and Wealth (w/ Lewis Howes) Pt. 2 - Oct. '22 | Ep 489

118 snips
Jan 21, 2023
In this engaging discussion, Lewis Howes, host of The School of Greatness, chats with entrepreneur Alex Hormozi about the intricate fears wealthy individuals have regarding poverty. Alex shares what winning means to him and the mindset shifts he's gone through regarding self-worth. They explore how being a billionaire might feel and the reality of maintaining emotional stability amid financial success. The conversation reveals the complexities of self-validation and the emotional landscape after experiencing significant wealth.
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ADVICE

Scaling a Business

  • Onboard operators faster to scale a business quickly.
  • Consider taking on bigger companies, but be mindful of increased risk.
INSIGHT

Investing in Talent

  • Reallocate personal cash flow towards talent acquisition for faster growth.
  • View this as incurring financial debt to build enterprise value.
ANECDOTE

Fear of Poverty

  • Alex Hormozi's friend, despite selling his company for $250 million, lives frugally.
  • This highlights the fear of poverty many wealthy individuals possess.
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