13 Things I Wish I Learned | Ep 617

330 snips

Nov 22, 2023

In this discussion, valuable entrepreneurial insights take center stage. The cyclical nature of success and failure is explored, emphasizing that learning is continuous. Alex shares the significance of humility and self-respect, revealing how they influence decision-making. He argues for deep engagement with quality books over quantity. Effective negotiation skills and the dedication to consistent actions are highlighted as keys to extraordinary achievements. Ultimately, the essence of humility is reframed as a respect for others, fostering both personal and collective growth.

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INSIGHT

Champion's Focus

Champions often lack distractions, not special skills.
They prioritize focus and ruthlessly eliminate distractions.

INSIGHT

Goodwill Compounding

Goodwill compounds faster than money, growing exponentially.
Prioritize building goodwill, as it can later be converted into money.

ADVICE

Memento Mori

Remember your mortality and the fleeting nature of others' opinions.
Focus on your own path and ignore irrelevant judgments.

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The actual entrepreneurial cycle (…) It's not a destination. It's not linear. It's cyclical.” Today, Alex (@AlexHormozi) shares valuable life lessons and experiences in business and personal growth. Topics covered include continuous learning, embracing humility, recognizing the cyclical nature of success and failure, persistence, negotiation skills, and the importance of long-term commitment and focus. He also emphasizes the value of paying to learn from those more successful to accelerate one's own path to success.

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:

(0:39) - #1: You make better decisions and you learn more by assuming that you're dumber than everyone else.

(4:04) - #2: The hardest respect to earn is one’s own.

(5:26) #3: If you want to control what people think, control what they say.

(6:53) - #4: You get more out of reading one book that's great five times than out of reading five mediocre books

(9:22) - #5: Most champions do not have something that you do not. They lack something that you have.

(10:20) - #6: Goodwill compounds faster than money.

(11:29) - #7: You're going to die. And two weeks after you die, most people will have forgotten about you.

(12:23) - #8: Extraordinary accomplishments come from doing ordinary things for extraordinary periods of time.

(14:09) - #9: If it's worth doing, it's worth doing well.

(16:43) - #10: Be willing to negotiate everything except for your values.

(19:17) - #11: Humility.

(21:32) - #12: The happy man has a thousand wishes. The sad man has one.

(24:19) - #13: Failure leads to learning. Learning leads to success. Success leads to complacency, complacency leads to failure.

(26:30) - Bonus: I would pay any amount of money to make obvious truths real for me.

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(This episode is a re-run. Original airdate was on November 8, 2022)