Mastering The Game of Money | Ep 162
Build with Leila Hormozi
Leila Hormozi
4.9 • 1.1K Ratings
🗓️ 19 July 2024
⏱️ 16 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 | Most of times when people don't have the kind of money they want, they ignore looking at their |
| 0:03.5 | money. They don't look at their bank account. They don't measure. They're not counting how much they're |
| 0:07.0 | spending. And that is the exact behavior that keeps you poor and stuck. |
| 0:15.5 | How do you create an unshakable business? I cross $100 million in net worth by the age of 28. |
| 0:21.7 | Now I'm growing Acquisition.com into a billion dollar portfolio. In this podcast, I share the lessons I've learned |
| 0:26.3 | in scaling big businesses and helping our portfolio companies do the same. Buckle up and let's build. |
| 0:36.4 | One of my favorite principles is understanding that money is a game. I did not understand this |
| 0:41.6 | when I did not have as much money. I thought that you had to be this like, superiorly intelligent, |
| 0:47.5 | crazy, hardworking, amazing human of high character to make money and be worthy of having money. |
| 0:53.4 | And it wasn't until I actually went to |
| 0:55.3 | this mastermind in 2016 when I remember it clicked for me that none of that was true. So I had just |
| 1:02.5 | quit my job, started our first business and went to this mastermind and wasn't really making |
| 1:08.3 | much money at the time. It was actually just in the like eating phase. And I |
| 1:12.4 | remember this guy got on stage. I remember the first thing he said. He's like, oh, you know, I've been |
| 1:17.1 | stuck at like 400K a month for like three months. I can't seem to beat the 400K wall. Everything else he |
| 1:24.1 | said, I just completely forgot. All I heard was like this guy, this guy that I am clearly smarter than, this guy that I am clearly a nicer person then, this guy that I clearly work harder than, he's making 40 times as much money as me. |
| 1:37.7 | And I remember I literally walked out of the room and I called my dad. And I was like, dad, I'm going to do this. I'm never looking back. I'm never |
| 1:45.4 | going to get a job again. I'm never going to do anything again. This guy is a complete idiot and is making |
| 1:50.2 | 40 times the amount of money is me. If he can do it, I can do it. And that was the best thing that could |
| 1:55.9 | have ever happened to me. Because what I realized is that making money is not something that requires superior |
| 2:02.3 | intelligence or hard work. It's understanding money. Money itself is a game and you have to |
| 2:08.4 | understand the rules of the game and how to play it to make it. You can look at that as a good or bad |
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