Wealth is not a number, it’s a ratio. Today, Alex (@AlexHormozi) talks about a conversation he had with one of his salespeople on how they can increase their wealth by knowing the difference between volatility and risk as well as some practical plans of action that are way more fulfilling than the what people think ultra-wealthy is all about.

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:

(0:28) - Alex shares a conversation with one of his salespeople about his direction in life

(2:28) - The classic poor person will not know the difference between volatility and risk

(6:05) - Have a strong income-to-expense ratio, pay your debts, etc.

(11:49) - Understand that there are a ton of risks in being an entrepreneur

(16:33) - Action plan to create the wealth that he wanted

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Volatility vs. Risk | Ep 300