How I Would Invest $1000 If I Were In My 20's | Ep 430

21:14

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You have to duplicate before you replicate. Today, Alex (@AlexHormozi) shares with us a very simple but effective mindset shift when it comes to where you should be investing your money, what you should look for when getting mentors, and the long-term benefits of skill stacking.

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:

(2:01) - The moment you decide to invest, your belief in wanting to make more income actualizes

(3:25) - To provide value to the marketplace and solve problems for other people is how you will be able to make money…here’s why

(7:48) - The 1st and 2nd step to investing is saving as much money as you can and taking the access between what you earn and what you need to live on, and you invest at an increasing your earning capacity and you do that over an extended time horizon

(10:46) - When it comes to finding credible people to learn from, look at those who’ve been there (who have loads of experience) & shift your expectations on what you’ll learn from them. You have to duplicate before you replicate 

(14:16) - You have to start measuring progress in terms of skills before you can measure it in terms of dollars. View it as bricks being laid out to form a bridge

(17:59) - As you keep on learning more skills, they will stack exponentially and you start to grow. Even your pay and compensation are going to increase dramatically

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