The Game with Alex Hormozi No BS Advice to Get Rich in the Next 10 Years | Ep 762
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Sep 13, 2024 Discover how to build wealth over the next decade by valuing time as your greatest asset. Learn mindset shifts that prioritize strategic thinking over impulsive spending. Uncover the intricacies of partnerships and what to watch out for when sharing equity. Explore the vital connection between time management and financial success, advocating for active income strategies. Finally, embrace discomfort for long-term gains by investing in your education and skills, positioning yourself for a prosperous future.
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Income as Return on Time
- Active income and passive income are a spectrum of return on time invested.
- Focus on maximizing hourly earnings, not income source labels.
Time-Based Spending
- Consider the time it takes to earn the money for a purchase.
- If you wouldn't trade that time directly, don't buy it.
Smoothie King Epiphany
- Alex Hormozi recounts working at Smoothie King and realizing he spent a third of his earnings on lunch.
- This realization shifted his perspective on spending.