The Game with Alex Hormozi Money, Happiness and High Prospects in Entrepreneurship (with Lewis Howes) Pt.1 - Nov. '23 | Ep 658
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Jan 13, 2024 
Lewis Howes, a former professional athlete and host of The School of Greatness, joins Alex Hormozi to discuss the intricate relationship between money and happiness. They tackle the common misconceptions about wealth, emphasizing the importance of managing expectations and emotional readiness in entrepreneurship. The conversation highlights the journey of self-improvement, patience, and the value of taking initiative to seek mentorship. With personal stories, they explore how embracing failures is crucial on the path to success.
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Earned vs. Inherited Wealth
- Wealth acquired through personal effort often correlates with increased happiness more than inherited wealth.
- Earning wealth can reduce life's pains and inconveniences, similar to how health helps avoid sickness but not guarantee fitness.
Objective Dealmaking
- Base business deals on logic, not relationships, to avoid complications.
- Evaluate deals as if they were with strangers, ensuring fairness and preventing resentment.
Youth and Wealth
- Achieving significant financial success at a young age is possible, but often requires years of focused effort and skill development.
- Accumulating knowledge and experience through continuous learning is more critical than simply aiming for rapid wealth.