The Game with Alex Hormozi Time Horizons | Ep 374
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Mar 10, 2022 Explore the importance of long-term thinking versus short-term gains in wealth accumulation. Discover how to foster deeper relationships and meaningful hiring practices. Learn why continuous improvement in marketing can create lasting customer loyalty. Alex emphasizes the need for patience in both business and personal decisions. He encourages a commitment to a healthy lifestyle and intentional living for greater fulfillment. This journey of growth is all about embedding a long-term mindset in all aspects of life.
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Wealthy vs. Rich Mindset
- Rich people primarily build and hold assets, while those less wealthy tend to sell.
- Selling shrinks equity due to taxes; building and buying allows for continuous expansion.
Marketing for Long-Term Growth
- Use marketing to acquire customers and continuously improve your product based on their feedback.
- Focus on creating amazing products that sell themselves, rather than relying solely on aggressive marketing.
The Power of Goodwill
- Build goodwill by consistently providing value to your audience before asking for anything in return.
- Goodwill compounds faster than revenue, leading to greater long-term influence and organic growth.