Episode
How Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
1:06:32
Published: Mon Sep 26 2022
Description
Alex Hormozi is a first generation Iranian-American entrepreneur, investor, and philanthropist. In total, He has scaled and exited 7 companies. His most notable exit was his majority sale of his licensing company for $46.2M in 2021. Concurrently in 2020, he transitioned from CEO to the owner/shareholder position in these companies and founded Acquisition.com as a way to invest his own wealth (both monetary and intellectual capital) into other businesses.Buy his book: $100M Offers: How To Make Offers So Good People Feel Stupid Saying NoIn this episode, you will learn:How to break free of the mindset around being broke.The importance of investing in your skills.The three main skills every entrepreneur needs.What it will take for Alex to become a billionaire in half the time.How to increase your earning capacity.Alex's previous episodes:Mastering Sales, Making Your First Million & Overcoming Mediocrity: https://link.chtbl.com/1296-podBecoming A Millionaire, Quieting Your Ego & Forgetting About Legacy: https://link.chtbl.com/1278-pod
Chapters
The podcast explores the belief that people who are poor are often trapped in a broke mindset and spend a lot of time not doing things, which keeps them in a cycle of poverty.
00:00 - 02:29 (02:29)
Summary
The podcast explores the belief that people who are poor are often trapped in a broke mindset and spend a lot of time not doing things, which keeps them in a cycle of poverty.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
Allocating time towards education and investing in oneself rather than consuming time, can yield higher returns and provide leverage in achieving goals and success.
02:29 - 07:42 (05:12)
Summary
Allocating time towards education and investing in oneself rather than consuming time, can yield higher returns and provide leverage in achieving goals and success.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
In a formal world, someone who is good at math can easily learn accounting or bookkeeping.
07:42 - 14:00 (06:18)
Summary
In a formal world, someone who is good at math can easily learn accounting or bookkeeping. On the other hand, learning rap requires a different set of skills and talent.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
In this podcast episode, the speaker discusses the increasing demand and profitability of the pet sitting business, especially in communities where people are busy but have money to spend on their pets.
14:00 - 16:25 (02:24)
Summary
In this podcast episode, the speaker discusses the increasing demand and profitability of the pet sitting business, especially in communities where people are busy but have money to spend on their pets.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
In this podcast, the speaker emphasizes the need for leadership training to overcome insecurities, fears, traumas, and other triggers that can hinder our ability to lead ourselves and others.
16:25 - 20:05 (03:40)
Summary
In this podcast, the speaker emphasizes the need for leadership training to overcome insecurities, fears, traumas, and other triggers that can hinder our ability to lead ourselves and others. They also point out that people often don't want to take the time to solve problems, which underscores the importance of effective leadership to maximize productivity.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
The first 20 hours of practicing something is the most crucial part of learning.
20:05 - 25:52 (05:46)
Summary
The first 20 hours of practicing something is the most crucial part of learning. By removing the pressure of perfectionism, we should focus on starting as soon as possible because taking action is the fastest way to learn.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
In this podcast episode, the hosts discuss the psychological hurdles behind making seven figures and break down the math required to achieve this goal.
25:52 - 28:13 (02:20)
Summary
In this podcast episode, the hosts discuss the psychological hurdles behind making seven figures and break down the math required to achieve this goal. They discuss different strategies, including selling high-ticket items or offering services with high lifetime value.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
Learn how to use warm outbound content, ads and other methods to attract more customers and grow your dog walking business beyond a million-dollar mark by doing a better job than others.
28:13 - 31:55 (03:42)
Summary
Learn how to use warm outbound content, ads and other methods to attract more customers and grow your dog walking business beyond a million-dollar mark by doing a better job than others.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
The ability to sell and influence people is a crucial aspect of leadership, and it starts with being able to clearly communicate what you want.
31:55 - 35:42 (03:46)
Summary
The ability to sell and influence people is a crucial aspect of leadership, and it starts with being able to clearly communicate what you want. Salespeople can transfer their selling skills internally to their team to become effective leaders.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
Bill Walsh, a football coach in the late 80s, documented his process and skills on VSH tapes for his assistant coaches to learn from.
35:42 - 41:34 (05:52)
Summary
Bill Walsh, a football coach in the late 80s, documented his process and skills on VSH tapes for his assistant coaches to learn from. This can serve as a reminder to focus on making things easier for future generations rather than trying to prove superiority.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
The speaker expresses a lack of limitation in his vision for the growth of his businesses, citing various platforms used in expanding his reach, consequently significantly helping at least a million people achieve considerable success.
41:34 - 46:02 (04:27)
Summary
The speaker expresses a lack of limitation in his vision for the growth of his businesses, citing various platforms used in expanding his reach, consequently significantly helping at least a million people achieve considerable success.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
The key to achieving your goals is to set unrealistic ones and then work tirelessly towards them, insisting that there are no excuses for failure.
46:02 - 49:25 (03:22)
Summary
The key to achieving your goals is to set unrealistic ones and then work tirelessly towards them, insisting that there are no excuses for failure.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
In building a business, it is important to anticipate future needs and invest in infrastructure accordingly, which often incurs debt.
49:25 - 52:19 (02:53)
Summary
In building a business, it is important to anticipate future needs and invest in infrastructure accordingly, which often incurs debt. Even if a business starts off without financial debt, they still face other forms of debt like management and technical debt.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
The speaker shares his experience of realizing the importance of financial planning before selling a business and how one should strategically use the money obtained from the sale to ensure long-term success by investing in buying tickets to events and conferences or receiving coaching.
52:19 - 55:43 (03:24)
Summary
The speaker shares his experience of realizing the importance of financial planning before selling a business and how one should strategically use the money obtained from the sale to ensure long-term success by investing in buying tickets to events and conferences or receiving coaching.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
The speaker reflects on the evidence of their businesses compared to the media they have produced and how it validates their success.
55:43 - 58:01 (02:18)
Summary
The speaker reflects on the evidence of their businesses compared to the media they have produced and how it validates their success. They also ask a rhetorical question about what it would take for someone to shift their mindset to prioritize long-term goals over short-term cash flow.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
This podcast discusses the concept of external validation and how it affects people's lives in their need to feel good enough.
58:01 - 1:01:48 (03:47)
Summary
This podcast discusses the concept of external validation and how it affects people's lives in their need to feel good enough. It emphasizes the importance of eliminating this need and validating oneself instead.
EpisodeHow Your Beliefs Are Keeping You From Being A Millionaire w/ Alex Hormozi EP 1324
PodcastThe School of Greatness
The speaker discusses the importance of using different lenses to process feedback and avoid internalizing it as a personal attack.
1:01:48 - 1:06:22 (04:33)
Summary
The speaker discusses the importance of using different lenses to process feedback and avoid internalizing it as a personal attack. By analyzing the source and the intention of the feedback, it becomes easier to filter out what is useful and discard what is not.