Money, Happiness and High Prospects in Entrepreneurship (with Lewis Howes) Pt.1 - Nov. '23 | Ep 658

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 13 January 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

“The work works on you more than you work on it.” Today, join Alex (@AlexHormozi) as he guests on The School of Greatness Podcast with Lewis Howes to dissect the highs and lows of entrepreneurship, exploring the fallacy of finding the 'right' or 'perfect' business and the reality of failure before success. They delve deep into the implications of wealth, discussing the correlation between wealth and happiness, the pitfalls of abundant wealth, and learning to manage expectations. They also highlight the importance of the journey towards success, the value of self-improvement, patience, focus and possible speedbumps along the way.

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.

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Timestamps:

(0:28) - The relationship between wealth and happiness

(2:02) - Managing expectations and relationships with wealth

(4:42) - The entrepreneurial journey: starting young

(8:29) - The importance of emotional readiness in wealth creation

(15:34) - The importance of meta skills and starting somewhere

(17:36) - Taking action: the key to getting support and advice

(21:22) - The value of effort over outcome

(25:06) - The power of taking action and the impact of outcomes

(29:03) - Reflecting on personal growth and the importance of hard work

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Transcript

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0:00.0	The only way to get good at something is to do a lot of it.
0:02.4	And when you start, you suck.
0:03.6	And so a lot of the time, there's this fallacy
0:06.2	of finding the right thing or the perfect fit.
0:08.2	But one, almost every entrepreneur that I know
0:10.4	has had many, many businesses
0:11.7	and mostly many failures before they
0:13.4	had their success.
0:17.0	Welcome to the game where we talk about how to get more customers, how to make more
0:20.6	per customer and how to keep them longer and the many failures and lessons we have learned along the way.
0:24.4	I hope you enjoy and subscribe.
0:27.8	People have made a lot of money, people have huge exits, people that have private jets and
0:32.4	multiple homes and massive bank account.
0:35.6	Do you think the people that you know who have a lot of money
0:41.0	are typically happier or do you know more people who are wealthy who are unhappy than happy?
0:47.0	I think it depends on how they got their wealth.
0:50.0	So I think if they were given their wealth, absolutely, I would say bar none they are not as happy and I think it did I won't even get into the why I'd say that just my observation
0:59.5	For the people who earns their wealth I would say say the same small board as the rest of society
1:07.4	maybe with like one movement upwards because money cannot buy happiness but it can help
1:12.2	you avoid pain. And so I think that is the
1:14.8	that's the hard part that is difficult. It's the same thing as health. Where like
1:20.4	you can you know money can help get the hospital, you know, get you out of the hospital, hypothetically, but it's not going to get you into super, super fitness status.
	...

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