The Self-Made Mindset: Why Having Nothing Makes You Dangerous | Alex Hormozi EP 875

The Daily Motivation

Lewis Howes

Education, Self-improvement

4.8 • 893 Ratings

🗓️ 29 January 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

From owning failed businesses to building a portfolio of successful companies, Alex Hormozi takes us through his refreshingly practical approach to entrepreneurship. Rather than dwelling on abstract concepts, he emphasizes the power of observable actions and the advantage of starting with nothing. Drawing from his experience of launching nine businesses before finding major success with Gym Launch, Hormozi shares how the lack of resources can become your greatest asset when paired with resourcefulness and persistence. In this captivating conversation, Hormozi breaks down complex success principles into actionable behaviors, challenging popular notions about manifestation and charisma. He reveals his systematic approach to learning and achievement, explaining how he operationalizes abstract concepts into specific, measurable actions. His insights particularly resonate with aspiring entrepreneurs who might feel held back by their current circumstances, as he demonstrates how starting with nothing but time can be the perfect launching pad for business success.

Transcript

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0:00.0	Hi, my name is Lewis Howes and welcome to the Daily Motivation Show.
0:12.0	What would you say then for those that don't have money right now is the frequency or the energy that money is attracted to?
0:21.6	I don't know what that means.
0:23.6	What would you think if money was trying to go somewhere?
0:30.6	Money is out there, it's in the middle of the table.
0:33.6	Sure, sure.
0:34.6	What is money attracted to?
0:35.6	What type of a person is money attracted to?
0:38.3	I don't, so I define everything by actions because it's the only thing that's observable.
0:44.8	So a person who takes action?
0:45.8	Yeah, I mean at the most basic level, yes.
0:48.2	And then, you know, one level above that, I'd be like, money is exchange for goods and
0:52.6	services and parties when they make exchange, both parties are better off.
0:56.3	The person who sells the goods and services believes they'll be better off if they had the money.
0:59.7	And the person who buys the goods and services feels like they'd be better off if they buy the goods and services.
1:04.5	And so it's a mutual exchange.
1:05.8	Both people say thank you, which is why capitalism is wonderful.
1:08.9	But the point is that you have to look at,
1:14.2	and I like people starting out with service-based businesses
1:16.7	because when you ask the question,
1:18.1	does somebody need to have money?
1:19.1	No, usually have time.
	...

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