How The Ultra Wealthy Get Paid First [Money Ladder] | Ep 294

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 22 April 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The way you view money, matters. Today, Alex (@AlexHormozi) talks about the money ladder graph he’s created, what it’s all about, what happens in each factor of the money ladder, and the importance of understanding this model in order to become wealthier.

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.

Timestamps:

(0:59) - The Money Ladder: the order in which people get paid. Looking at this model can greatly change the way you view the flow of money

(4:08) - Let’s start with the flow of money through the banks: capital stack, preferred creditor, etc.

(4:51) - Insurance companies: get paid far before they ever have to do anything. They get all the money upfront and then they get to appreciate the money over time and then pay you off of that.

(7:57) - At the top of the ladder: God gets 10% off the top period for life & the summary of the factors in the money ladder

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Transcript

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0:00.0	Hey guys, love that you're listening to the podcast.
0:02.6	If you ever want to have the video version of this, which usually has more effects, more
0:06.6	visuals, more graphs, you know, drawn out stuff, sometimes it can help hit the brain centers
0:11.6	in different ways.
0:12.6	You can check out my YouTube channel.
0:13.6	It's absolutely free.
0:14.6	Go check that out if that's what you are into and if not, keep enjoying the show.
0:18.4	Well, it's going on, everyone.
0:20.3	It's Alex from Osir.
0:21.3	If you do the channel, built three companies that did $110 million in sales and continue
0:25.2	to do so.
0:26.2	Now we invest in other companies as well.
0:29.0	And one of the talks I want to talk to you about today is the money ladder.
0:31.7	And so this was actually came up during a conversation I was having with Layla and my wife.
0:36.1	And she was like, you should make a podcast about this.
0:37.8	She's like, you know, a lot of people don't know how this works.
0:40.8	Welcome to the game where we talk about how to get more customers, how to make more
0:43.4	per customer, and how to keep them longer.
0:44.8	In the many failures and lessons we have learned along the way.
0:47.3	I hope you enjoy and subscribe.
0:49.4	So right now I'm writing a handful of books around a, one of them is kind of wealth beliefs
0:53.2	that changed my life.
	...

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