The Game with Alex Hormozi 14 Money Mistakes | Ep 484
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Jan 12, 2023 Learn about the 14 common financial mistakes made by young adults and how to avoid them. Discover the importance of prioritizing education and smart spending for long-term stability. The discussion emphasizes surrounding yourself with ambitious peers and defined personal success. Understand the true value of money by connecting purchases to the effort it took to earn them, advocating for meaningful experiences over impulse buying. Perfect for cultivating a mindset that fosters growth and financial wisdom!
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Friction and Flow
- Automate investments and manualize spending.
- Make investing frictionless and create hurdles for unnecessary expenses.
Planned Spending
- Create shopping lists and stick to them.
- Avoid impulsive purchases by planning your spending in advance and sticking to your budget.
Outsource Cooking
- Get takeout instead of cooking if your hourly rate is above $15.
- Value your time; outsource cooking if it financially makes sense.
