The Game with Alex Hormozi How The Ultra Wealthy Get Paid First [Money Ladder] | Ep 294
Apr 22, 2021
Dive into the intriguing concept of the 'money ladder' and discover how the order of payments impacts wealth distribution. Learn why getting paid upfront can offer significant financial advantages. Explore the role of banks and insurance companies in this money flow, and understand the importance of recognizing these hierarchies for financial success. Plus, uncover why the top of the ladder gets a slice right off the bat! It's a deep look into the mechanics of wealth that could change your financial game.
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Money Ladder Concept
- Alex Hormozi discusses the "money ladder," which describes the order in which people get paid.
- Understanding this concept is crucial for building wealth.
Employee vs. Self-Employed Payment
- Employees work first and get paid later, fronting their time and effort.
- Self-employed individuals can either follow this model or get paid upfront.
Get Paid Upfront
- Structure your business to get paid upfront, like doctors.
- The more upfront payment you receive, the better.