Money Talk - How to Retire by The Age of 40 | Ep 279

The Game with Alex Hormozi

Alex Hormozi

How To, Business, Entrepreneurship, Education

4.9 • 4.8K Ratings

🗓️ 23 February 2021

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You don't need to make a million dollars a year to be in the top 1%. Today, Alex (@AlexHormozi) discusses wealth, the tactics you can use in order to retire by the age of 40, and the reason why most people cannot achieve this milestone in their lifetime.

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.

Timestamps:

(0:44) - Desire to be in the top 1% of wealth bracket

(2:15) - People outliving their means is a common mistake

(4:44) - Alex explains his "1% pyramid" model

(10:45) - Consider income and time to save thousands monthly

(13:48) - Alex's simple retirement calculator for your use

(14:34) - Percentage of income spent determines how quickly you earn

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Transcript

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0:00.0	Hey guys, love that you're listening to the podcast.
0:02.5	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.
0:18.7	We were pulling up in a Prius that had a crack across the windshield and a dent in the
0:22.9	side door.
0:23.9	All right.
0:24.9	And this car was probably a $6,000 car, tops, right?
0:28.3	And the thing is, at that moment, I was a millionaire.
0:31.4	Like I had a million dollars in cash, right?
0:34.0	Sitting in my big account after taxes and yet I was driving a $6,000 car.
0:38.2	Welcome to the game where we talk about how to get more customers, how to make more
0:40.7	per customer and how to keep them longer in the many failures and lessons we have learned
0:44.0	along the way.
0:45.0	I hope you enjoy and subscribe.
0:47.3	What's going on everyone?
0:48.3	I've got a special presentation for you guys today.
0:49.7	This has been on my mind for probably about half a week now.
0:54.3	And it's going to be about money.
	...

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