Episode
28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
39:22
Published: Mon Oct 31 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:Why failing at something should make you excited. To embrace when tasks are hard and be comfortable with risk. To stop valuing the opinions of others.The fastest way to start making more money.For more, go to lewishowes.com/1340Check out Alex's previous episodes:How Your Beliefs Are Keeping You From Being A Millionaire: https://link.chtbl.com/1324-podMastering 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
Lewis Howes discusses the false perspective of becoming rich and how to stay poor, as inspired by his admiration for Charlie Munger.
00:00 - 00:59 (00:59)
Summary
Lewis Howes discusses the false perspective of becoming rich and how to stay poor, as inspired by his admiration for Charlie Munger.
Episode28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
PodcastThe School of Greatness
This transcript offers tips on how not to become poor, such as taking advice from rich people instead of the poor, avoiding spouses who make you feel guilty about working, and accepting that the world is not fair to build a successful business.
00:59 - 05:31 (04:32)
Summary
This transcript offers tips on how not to become poor, such as taking advice from rich people instead of the poor, avoiding spouses who make you feel guilty about working, and accepting that the world is not fair to build a successful business.
Episode28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
PodcastThe School of Greatness
Don't wait for perfect conditions before you start working on something, as it may lead to not starting at all.
05:32 - 09:33 (04:01)
Summary
Don't wait for perfect conditions before you start working on something, as it may lead to not starting at all. Avoid working on the tasks that really matter and opt for the ones that are easier but don't drive the business, and you will not be successful.
Episode28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
PodcastThe School of Greatness
The key to staying poor is to believe what other people think of you more than what you think of yourself, and to start building multiple bridges without ever completing them.
09:33 - 12:30 (02:56)
Summary
The key to staying poor is to believe what other people think of you more than what you think of yourself, and to start building multiple bridges without ever completing them. This can create the illusion of progress, but ultimately leads to a lack of financial success.
Episode28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
PodcastThe School of Greatness
In this episode, the guest talks about the power of habits and beliefs and their impact on our personal and professional life.
12:30 - 16:59 (04:29)
Summary
In this episode, the guest talks about the power of habits and beliefs and their impact on our personal and professional life. He discusses the importance of instilling good habits in children and questioning our beliefs to identify the ones that truly define us.
Episode28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
PodcastThe School of Greatness
The belief that investing in increasing your earning capacity is the best investment is wrong.
16:59 - 24:42 (07:42)
Summary
The belief that investing in increasing your earning capacity is the best investment is wrong. The goal to make a billion dollars is achieved not by making it but owning assets worth a billion dollars.
Episode28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
PodcastThe School of Greatness
Investing in a high-priced employee is a bet that the talent they bring to the table is worth more than what they're being paid for, and it can pay off big.
24:42 - 29:54 (05:12)
Summary
Investing in a high-priced employee is a bet that the talent they bring to the table is worth more than what they're being paid for, and it can pay off big. Some companies hire employees making over $1 million per year, but it's not necessary for all positions.
Episode28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
PodcastThe School of Greatness
The entrepreneurial game is hard, but once you experience the feeling of hard, you can learn to accept and embrace it.
29:54 - 32:54 (02:59)
Summary
The entrepreneurial game is hard, but once you experience the feeling of hard, you can learn to accept and embrace it. Changing the narrative to "it's hard, but that's okay" is key to managing expectations and pushing through challenges.
Episode28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
PodcastThe School of Greatness
The transition from being an individual contributor to managing a team of people can be difficult for CEOs.
32:54 - 36:16 (03:21)
Summary
The transition from being an individual contributor to managing a team of people can be difficult for CEOs. It requires them to allocate resources wisely, give up control and trust their team to handle tasks independently.
Episode28 Ways To Reprogram Your Mind & Become Rich w/ Alex Hormozi EP 1340
PodcastThe School of Greatness
This entity claims that the average company they work with achieves a 1.8x increase in their top line and a 3x increase in their profit in the first year.
36:16 - 39:09 (02:53)
Summary
This entity claims that the average company they work with achieves a 1.8x increase in their top line and a 3x increase in their profit in the first year.