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The Game with Alex Hormozi

Breaking The Poor Mindset (w/ Lewis Howes) Pt. 1 - Oct. '22 | Ep 486

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.94.4K Ratings

🗓️ 14 January 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

The biggest gifts I got from those wasn't even the education, but it was the perspectives on reality. Today, join Alex (@AlexHormozi) as he guests on Lewis Howes’ Show to talk about why it’s becoming harder for people that haven’t made money, the skills and habits of wealthy people, and why having a poor mindset can ultimately lead to your downfall. This is part 1 of the interview.

Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Check out the episode on Lewis Howes’ YouTube Channel!

Timestamps:

(0:45) -The poor mindset & finding the right mentors

(12:57) - The skills and habits of wealthy people 

(25:44) - Why is it so hard for people that haven't made money?

(38:03) - Protecting your ego vs. helping others accelerate faster than you

(41:00) - What does Alex’s vision look like now?

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

0:00.0

The big misnomer I think is that people think they need to have a new thing.

0:02.6

You can start a cleaning business become a billionaire.

0:04.7

You can start a long-haired business become a billionaire.

0:06.8

You can start a roofing business become a billionaire.

0:08.3

There's clear problems like all you have to do is just do what everyone else is doing,

0:10.8

learn how to sell, learn how to deliver consistently and learn how to lead.

0:13.8

If you do those three things, you can do just as well as everyone else and just do it better.

0:17.9

The wealthiest people in the world see business as a game.

0:20.2

This podcast, The Games, my attempt at documenting the lessons I've learned on my way to building

0:23.8

acquisition.com into a billion all-profolio.

0:26.3

My hope is that you use the lessons to grow your business and maybe someday soon partner

0:29.2

with us to get $200 million in beyond.

0:30.9

I hope you share and enjoy.

0:32.6

I feel like a lot of society keeps people kind of trapped in this broke mindset.

0:37.5

It's hard to kind of get ahead, right?

0:39.5

Because of people investing in things when they don't have money, so they're in debt,

0:43.0

and they kind of stay in debt.

0:45.6

What is necessary for people to break the broke mindset that society has kind of trapped

0:50.4

people in that keeps them poor?

0:53.8

So I think like people have two sets of resources, right, that they allocate, so they've

0:58.0

got time, they've got money.

0:59.6

And so if you look at someone's bank statement and you look at their calendar, you know what

...

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