How to Stop Staying Broke: Do the Opposite of This | Ep 296

Build with Leila Hormozi

Leila Hormozi

Education, Entrepreneurship, Management, How To, Business

5 • 867 Ratings

🗓️ 11 July 2025

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, Leila (@LeilaHormozi) breaks down the five habits that keep people broke financially, mentally, and emotionally. If you’re constantly starting over, chasing quick wins, or waiting for someone else’s approval, this episode will help. Leila shares the exact mindset shifts that took her from broke at 22 to selling three companies by 29. No fluff. Just real talk about discipline, frustration tolerance, and why your environment and your partner might be the thing holding you back.

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Transcript

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0:00.0	If you don't tolerate frustration, then you have a low frustration tolerance.
0:06.0	In other words, you don't do well being frustrated for a long period of time.
0:10.0	What's allowed me to accumulate a lot of wealth in my life and a lot of happiness,
0:14.0	and a lot of things I really love in my life, is developing a high frustration tolerance,
0:18.0	which means I can tolerate a lot of hard frustrating things.
0:21.7	I'm good at being frustrated.
0:24.8	I used to think that I needed a better job or a better opportunity to get ahead, but I was wrong.
0:30.9	I went from broke at 22 to selling three of my companies by the age of 29, after I quit doing these five things.
0:37.9	So if you want to build real wealth,
0:40.0	start by cutting these habits immediately.
0:42.1	The number one habit that you've got to cut
0:44.0	to build wealth is you have to start quitting.
0:46.1	Every time something gets hard and you start over,
0:49.1	that's exactly why you don't have any money in.
0:50.4	That's why you don't get anywhere.
0:51.6	Quitting keeps you poor.
0:53.1	It keeps you poor in terms of wealth. It also keeps you poor in terms of confidence. Discipline is what's going to make
0:57.7	you rich. So if you really think about it, the fastest way that you succeed at nothing is that the moment
1:02.8	it gets uncomfortable, you jump ship and you chase the next shiny thing. This can be business, this can be
1:07.7	fitness, this can be relationships. It all works the same way. It's kind of like
1:11.2	the person who wants to get in shape. And so they do Orange Theory. And then one month they're like,
1:16.3	oh, you know what, Orange Theory didn't work for me. I'm going to go do CrossFit. And then they go do
	...

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