How to Stop Staying Broke: Do the Opposite of This | Ep 297
Build with Leila Hormozi
Leila Hormozi
4.9 • 1.1K Ratings
🗓️ 11 July 2025
⏱️ 17 minutes
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Summary
Get the unfiltered memos I send my team as we scale Acquisition.com to $1B+: Leila's Letters
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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