The Game with Alex Hormozi Rich People Behavior | Ep 288
12 snips
Mar 30, 2021 Discover the surprising truth that rich people often spend less while valuing skills over mere money. Dive into strategic investment approaches, exploring the benefits of buying businesses versus real estate. Learn valuable negotiation tactics and seller financing tips, all backed by personal success stories. Uncover the mindset of high-income earners navigating their business journeys and the importance of not overlooking lucrative opportunities. Plus, get insights into the essential stages for scaling your business effectively.
AI Snips
Chapters
Transcript
Episode notes
Invest in Skills
- Focus on developing valuable skills, as they are a personal asset.
- No external force can take away your skills, making them a secure investment.
Wealthy Spending Habits
- Wealthy individuals tend to spend less and seek value-driven acquisitions.
- They prioritize acquiring assets for less out-of-pocket expense.
Business Acquisition vs. Real Estate
- Consider buying a business instead of real estate, potentially increasing income significantly.
- Negotiate seller financing to minimize initial investment and leverage bank loans.