Every rich person I know who says "if I lost everything I could make it all back" means one thing
They're equipped mentally to play the game again from scratch
That's what mindset actually means at this level
Not affirmations
Not vision boards
The ability to go through the entire process again and earn your way back
That's the real asset
Imagine thinking your hormones are a free pass to be volatile and expecting everyone around you to absorb it without reaction. Men have testosterone pumping through them daily and are told to "control yourself" since childhood. Y'all are always asking for grace you'd never extend
$100k/mo after-tax for 5 years will set you for life:
- 60k/month goes to investing (30k into RE, 30k into the markets)
- Lifestyle expenses land around 15k/month even if you're living well (great car, great everything)
- That leaves 25k/month as additional savings/buffer
Over 1 year:
- 360k/year into real estate
- 360k/year into markets
~180k/year in lifestyle spending
~300k/year into savings/OPEX buffer
Compounded over 5 with same contributions each year = you beat the game.
Alex Hormozi reveals how a 19-year-old can replace a $1,500/m receptionist with $200 of AI
"That kid can watch YouTube for free just like anybody else can and learn how to use Make dot com and n8n and do whatever the hell they want"
"He can go to the local plumber and say, 'Hey, instead of having this girl who you pay $1,500 a month to answer your phones, I can have an AI do it for $200 a month'"
no shade but why would i literally ever buy a home… you still have to pay a mortgage monthly that would be the same cost as just paying rent atp. and at least with renting, the expenses for anything that goes wrong falls into the landlord instead of on you
Because you're viewing it from the outside as "Africa"
If you go to Africa, there is no "Africa"
There are 10000000 different communities of people who are competing with each other
They reason they make little progress is that active measures are taken to prevent them from being united under a strong local leader.
The most crucial way this is done is via foreign aid. It keeps them just well enough to not have the motivation to do anything about their problems