Volatility vs. Risk | Ep 533

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 4 May 2023

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

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Summary

(This episode is a re-run. Original airdate was May 18, 2021)

“Wealth is not a number, it’s a ratio.” Today, Alex (@AlexHormozi) talks about a conversation he had with one of his salespeople on how they can increase their wealth by knowing the difference between volatility and risk as well as some practical plans of action that are way more fulfilling than what people think ultra-wealthy is all about.

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:

(2:16) - Don’t listen to people poorer than you & volatility vs. risk

(5:31) - have a strong income-to-expense ratio.

(7:47) - Pay off high-interest cards, dollar cost averaging, and acquisition channel

(12:42) - Track, don’t slack. Look at your bank account every day.

(14:53) - Recap of action plan

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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,
0:05.3	which usually has more effects, more visuals, more graphs,
0:07.9	you know, drawn out stuff, sometimes it can help hit
0:10.9	the brain centers in different ways.
0:12.5	You can check out my YouTube channel.
0:13.5	It's absolutely free.
0:14.7	Go check that out if that's what you are into.
0:16.3	And if not, keep enjoying the show.
0:18.5	A classic employee mistake is you look at all the revenue
0:21.5	and you say, oh, that must be the owners.
0:23.5	That must be Alex's.
0:24.6	And every business owner who's watching this
0:26.1	is laughing themselves because they know that is so far
0:27.9	from the truth, that is hilarious.
0:29.4	But people still make that logical fallacy.
0:34.1	The wealthiest people in the world see business as a game.
0:36.4	This podcast, the game, is my attempt
0:37.9	at documenting the lessons I've learned on my way
0:39.6	to building hackquisition.com into a billion dollar portfolio.
0:42.5	My hope is that you use the lessons to bring your business
0:44.2	and maybe someday soon partner with us
	...

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