The Game w/ Alex Hormozi

Wealth is based on the fundamental unit of money. Money is a foundational unit of time. Today, Alex (@AlexHormozi) talks about how mastering wealth is rooted in how you master your time and money, the 3 traits that the ultra-successful share with one another, and how other factors such as reciprocity & sacrifice should matter in your journey to success.

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:

(1:00) - You can’t force reciprocity in your direction by just jamming so much Goodwill down someone’s throat. When it comes to your business you have to be able to consistently and always have more demand than you can fulfill.

(3:35) - You want to be able to provide more value to the customer than how much they pay for your help. Ask yourself “how can we provide so much value in excess?”

(5:01) - Leverage means the ratio between inputs to outputs in a system (ex. inputting time or money). The game of business to aggregate wealth is to play with higher amounts of leverage over one thing.

(6:03) - Master your time in order to master your money. The 2 components to mastering time are the micro and macro perspectives.

(10:21) - The three things that made people successful and ultra-successful are having a superiority complex, massive insecurity & fear of failure, and impulse control. Alex goes in-depth on each trait.

(13:18) - “Why were you willing to sacrifice so much?” The better question to ask is “why are people not willing to sacrifice anything?”

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Mastering Wealth through Reciprocity, Time, & Sacrifice | Ep 435