Alex Hormozi explains how to build wealth without looking rich.
"If you want to impress poor people, outspend them. If you want to impress rich people, outwork them. If you lease a Ferrari for $5,000 a month, I know you're not rich. And every rich person isn't impressed by that, because we know what it costs. You only impress poor people."
"Your lifestyle is your competitor's opportunity. There's you and other version of you. Bizarro you wants to live this great lifestyle, and has the Ferrari, and the nicer place. But when an opportunity comes along, Bizarro doesn't have any savings, because he's trying to show face. There's zero advantage to being accurately judged. If you are strong, you want to appear weak."
If you don’t achieve your goals, you’ll feel bad that you didn’t achieve them.
If you do achieve your goals, you’ll feel bad achieving them didn’t make you feel good.
Whatever you do, don’t be the guy who gives up at the exact moment when you should be fighting with everything you have.
You’ll make it through either way, but there’s only one way you’ll look back and be proud of yourself.
To everyone just starting out:
Take a picture of your early beginnings (no matter how raw).
Every epic story is made 100x better with a picture of “where it all started”
And if you think you’re gonna make history, might as well make it history.
It takes everyone a different amount of time to realize everyone is just thinking about themselves, no one was watching, and you should’ve just done whatever the fuck you wanted to all along.
What's funny about taking life risk rather than financial risk is that if it doesn't go well, you're literally back in the same position that you started, except smarter.
When u think about it like that, you want to cash in as many life lotto tickets as you can, not as few.
Just because someone trusts you quickly doesn't mean you need to trust them quickly. It's a more advanced manipulation move, typically from people who need something from you.
3 types of self improvement that actually work:
1) Set an alarm to go to bed (not wake up)
2) Find some physical movement you can do with other people, and do it daily
3) Automate the 95% of meals that aren't special so you can enjoy the 5% that are
If you obsess over acquiring customers, you'll lose them to competitors who obsess over keeping them. If you obsess over keeping customers, you'll never need to obsess over acquiring them.
Delegation is buying back your highest value hours with someone else's lower cost ones.
Automation is building back your highest value hours with a machine's lower cost ones.
You can't just have high work ethic, you need high "learn ethic."
Work ethic is often being able to do the same thing over and over again without getting bored.
Learn ethic is being able to try a new thing over and over again without getting frustrated.
You need both to win.
Hard work > Talent
Smart work > Hard Work
Consistent hard work > smart work
Consistent Smart work >hard work
But you gotta do hard work to learn what smart work is.
And you gotta do it consistently to even see it work to begin with.