Deceptive investment opportunities often appear too good to be true, leading to a risk of being scammed. One key aspect is to assess the length of time someone has been involved in an investment opportunity before considering it, with a preference for long-term commitments. Partnering with experienced individuals who have skin in the game can significantly reduce risks. Recognizing the fear of missing out (FOMO) as a signal to slow down and prioritize steady gains over risky ventures is crucial. Investing in proven marketing and sales opportunities rather than quick investments has shown to be more lucrative in the long run.
“The further away I get from my core, the more money I lose.” Today, Alex (@AlexHormozi) shares insights from his experiences with cryptocurrency and real estate investments, emphasizing the importance of operating within your sphere of competence. Highlighting lessons learned from financial losses, the episode underscores the value of skepticism towards enticing deals, the need for due diligence, and the benefits of leveraging personal expertise in investment strategies for wealth creation and preservation.
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:
(0:36) - Big loss from the crypto craze
(2:18) - Sticking to your sphere of competence
(6:29) - The real estate misadventure
(15:30) - Investing wisdom: Slow down and stay in your lane
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