The Game with Alex Hormozi How Much Ignorance Tax Are You Paying... | Ep 126
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May 2, 2019 Discover the costly concept of ignorance tax and how it can hinder your financial growth. Learn the importance of acquiring adjacent skills to boost your value and reach your aspirations more quickly. Investing in knowledge isn't just a luxury; it's a smart strategy to achieve financial success. Delve into practical insights about relevant skills that make a real impact on your business and avoid distractions from entertainment-focused information. Maximize your potential and minimize your costs!
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The Ignorance Tax
- One of the biggest costs in life is the "ignorance tax", the price paid for not knowing something.
- Not learning available information is the same as being unable to learn.
Reinventing the Wheel
- Alex Hormozi saw gym owners in his group reading books on customer retention.
- This frustrated him because they hadn't used his existing, proven retention system.
Paying Down Ignorance Tax
- Invest in knowledge and skill acquisition to reduce your ignorance tax.
- Buy courses that teach specific skills instead of reading general business books.
