Leverage is crucial for increasing income; it allows you to earn more while spending less of your time directly on money-making activities. Time is finite, and all individuals operate under the same constraints, making it imperative to focus on how to allocate it efficiently. The traditional view of passive income is misleading; it's not binary but rather a spectrum of activity levels. Effective trading or investment requires consideration of all time investments from analysis to execution, emphasizing that successful financial outcomes stem from strategic time management. Ultimately, increasing returns on invested time is key to maximizing overall output.
If you teach something new and they’re not able to tell you about it, that means they didn’t truly learn. Today, join Alex (@AlexHormozi) as he presents his keynote at Future Flipper to talk about his definition of “work”, the importance of creating volume and leverage when it comes to output, and the ways you will not get leverage. This is part 1 of the keynote speech.
Welcome to The Game w/Alex Hormozi, hosted by entrepreneur, founder, investor, author, public speaker, and content creator Alex Hormozi. On this podcast you’ll hear how to get more customers, make more profit per customer, how to keep them longer, and the many failures and lessons Alex has learned on his path from $100M to $1B in net worth.
Timestamps:
(3:38) - "Outwork me" misconceived; Alex defines work as output.
(6:52) - Volume and leverage key: Move lever, maximize output.
(10:26) - Money's link to time, leverage crucial for earnings.
(12:49) - Leverage pitfalls: Uninformed optimism, divided focus explained.
(19:14) - Epic tasks require sustained effort, avoiding overestimation of abilities.
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