Money Talk - How to Retire by The Age of 40 | Ep 280

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K 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 do 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 Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.

Timestamps:

(1:02) - Many entrepreneurs’ greatest desire is to become part of the top 1% in the wealth bracket

(2:33) - People outliving their means is a common mistake they fail to see in themselves.

(5:02) - Alex talks about what it looks like to get into the top 1% by showing you the different layers of his “1% pyramid” model

(11:03) - There are two things to consider in order to save thousands of dollars a month: income and time. Bonus: spending less money can also greatly help you

(14:06) - Alex shows us his simple retirement calculator that you can use

(14:52) - The percentage of your income that you spend is going to be the thing that dictates how quickly you “can make” money, not “how much” you make

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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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