$100k is the Hardest Amount to Make | Ep 264

11:46

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“You inherently become more valuable and you stop seeing your failures as failures”. Today, Alex (@AlexHormozi) talks about why making your first one-hundred thousand dollars is the hardest milestone to reach, time vehicles, leveling up your skillset, and how adding more people to the team can help you build the foundation of acquiring more skills.

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:

(2:22) - The first one-hundred dollars you place in your bank account will always be the most meaningful

(3:19) - Reasons why it’s hard to earn $100K: you have to think of time, vehicles, time for money vehicles, and that you might be missing leverage 

(4:58) - another reason why earning one hundred dollars is hard is because the vehicles that exist for it require all your effort 

(5:57) - A common mistake: people will outsource certain work that they’re doing but will not replace the time with learning higher-value skills 

(9:45) - The volume for a specific skill with deliberate effort will improve your skillset

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