Build with Leila Hormozi From Making Money to Investing: “Should I Do It”? | Ep 30
Apr 20, 2023
Entrepreneurs often face unique challenges when transitioning from making money to investing wisely. Leila highlights how skills that foster business success can hinder investment decisions. She discusses the pitfalls of focusing on volatile opportunities and emphasizes that effort isn't always correlated with smart investing. Insightfully, she outlines the need for entrepreneurs to reevaluate their investment strategies to protect their wealth against common missteps.
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Contrasting Skillsets
- The skills that make entrepreneurs successful in business can hinder their investment success.
- This is because the mindsets required for each are fundamentally different.
Risk Tolerance
- In business, risk-taking is essential, but in investing, it's often detrimental.
- Successful investors prioritize low-risk tolerance over high-stakes gambles.
Time Commitment
- Avoid equating time spent with investment success.
- Smart decisions, not long hours, drive profitable investments.