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Starting a Business Will Lose You Friends... And That's Ok | Ep 745
The Game w/ Alex Hormozi
Balance Between Consumption and Investment
Achieving financial success requires understanding the balance between consumption and investment. Spending on luxuries, like expensive homes or cars, can be seen as inconsequential compared to overall wealth. However, every dollar spent reduces future investment potential, prompting a need for a personal spending ratio that aligns with individual goals. Delaying gratification can lead to larger opportunities in the long run, but it is crucial to enjoy life along the way. Prioritizing investments not only fosters personal growth but also prepares one for bigger opportunities that require significant capital.
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