How Much Ignorance Tax Are You Paying... | Ep 126
The Game with Alex Hormozi
Alex Hormozi
4.9 • 4.8K Ratings
🗓️ 2 May 2019
⏱️ 15 minutes
🧾️ Download transcript
Summary
Ignorance is an expensive cost. Today, Alex (@AlexHormozi) talks about the concept of ignorance tax, emphasizing the importance of gaining knowledge to avoid paying the high cost of ignorance. He also discusses the value of acquiring adjacent skills to increase one's value and reach goals faster.
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:
(1:41) - Paying down the ignorance tax
(7:11) - How to acquire adjacent skills to increase your value
(10:13) - Investing in knowledge: how to reach your goals faster
(11:38) - Investing in learning and networking
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Transcript
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| 0:00.0 | Hey guys, love that you're listening to the podcast. |
| 0:02.4 | If you ever want to have the video version of this, |
| 0:05.3 | which usually has more effects, more visuals, more graphs, |
| 0:07.8 | you know, drawn out stuff, |
| 0:09.2 | sometimes it can help hit the brain centers in different ways. |
| 0:12.4 | You can check out my YouTube channel. |
| 0:13.4 | It's absolutely free. |
| 0:14.6 | Go check that out if that's what you are into. |
| 0:16.2 | And if not, keep enjoying the show. |
| 0:18.7 | Oh my God, I just spent 18 minutes rocking this piece of content. |
| 0:24.7 | And for some reason, my microphone was on mute. |
| 0:28.7 | So I'm going to do my best to actually do this again |
| 0:31.8 | because I'm still in state for this. |
| 0:33.5 | And so I'm calling this, |
| 0:38.5 | how much ignorance tax are you paid? |
| 0:41.8 | And so what are the biggest costs of life is ignorance tax? |
| 0:45.9 | And so I got this concept from Myron Golden, |
| 0:48.6 | who when I first heard this, |
| 0:52.3 | he was finishing up a couple of day, |
| 0:53.9 | you know, presentation he was closing, right? |
| 0:56.2 | And he wrote, he asked somebody in the audience |
| 0:58.5 | and he was like, how much do you make, sir? |
... |
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