A Tactical Guide to Make (And Keep) Your First $100,000 | Ep 746

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 7 August 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

"You have to check out your ego. Your ego's gone for this. You don't care about what other people think." In this episode, Alex (@AlexHormozi) explains a step by step process to make and keep your first $100,000, if that's a goal you're striving for in your current season

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 and will learn on his path from $100M to $1B in net worth.

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Transcript

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0:00.0	If you have less than $100,000 in savings
0:02.9	and you would like to have $100,000 or more in savings,
0:05.8	these are the things that I would recommend doing.
0:07.5	And that means that you have to check out your ego.
0:09.9	Your ego is gone for this.
0:11.1	You don't care what other people think, because they're not going to be there in 10 years.
0:14.0	All right? Because you have a whole new group of friends that are way fucking better and cooler.
0:17.0	So one, stop eating out. Discount groceries only. That's if you're super poor.
0:22.0	If, here's my caveat, if you know how to make money you already have a base level of skills
0:26.8	Then eating Chipotle and whatever whatever you can door dash it in so that you can keep working the moment I realize I can make
0:33.8	five hundred dollars every 30 minutes by selling I was like oh I'm never
0:37.8	buying I'm never cooking food or grocery shopping ever again anything that was
0:41.3	less than five hundred dollars an hour was was now immediately
0:44.8	outsourced right but this advice is for people who are super broke okay so if you
0:50.2	don't have the skill set yet at all and you're struggling to just get things going,
0:56.0	then you need to be completely on the defensive so that you can have enough money so that you can
1:00.0	start taking bets.
1:01.4	Because the only way that you're going to get ahead is that you have to make
1:03.9	bets. You got to make bets on education. You got to make bets on opportunities. You got to big bets on
1:08.0	inventory. You got to make bets on software. You want to start a Shopify score. You want to start a school
1:12.3	community. You want to start something. It score you want to start a school community you want to start
1:13.3	something it's still going to cost some money right you might have to buy a camera you
	...

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