The Game with Alex Hormozi No BS Advice to Get Rich in the Next 10 Years | Ep 743
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Sep 13, 2024 Discover how to build wealth over the next decade by valuing time as your greatest asset. Learn mindset shifts that prioritize strategic thinking over impulsive spending. Uncover the intricacies of partnerships and what to watch out for when sharing equity. Explore the vital connection between time management and financial success, advocating for active income strategies. Finally, embrace discomfort for long-term gains by investing in your education and skills, positioning yourself for a prosperous future.
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Ignorance is Expensive
- The biggest cost you have is ignorance.
- Prioritize paying down ignorance with money, time, or relationships.
Two Types of Knowledge
- Learn both about things (declarative) and how to do things (procedural).
- Access to networks provides declarative knowledge, training provides procedural knowledge.
Facebook Ads Education
- Alex paid an expert $750/hour for Facebook ad training, using a "document, demonstrate, duplicate" method.
- He prioritized learning over immediate cost savings.