When People "Only Care About Making Money" | Ep 205

The Game with Alex Hormozi

Alex Hormozi

Entrepreneurship, Education, Business, How To

4.9 • 4.4K Ratings

🗓️ 12 May 2020

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It's worse to lie than tell the truth about your intent. Today, Alex (@AlexHormozi) talks about why being upfront with your intentions is much better especially when it comes to the topic of making money, dealing with negotiations, how saying no is oftentimes the right decision, and how you shouldn’t trust those who say “I don’t care about the money”.

Welcome to The Gym Secrets Podcast where you can listen in on the Top 1% of Gym Owners to hear the secrets of what they are doing differently to get more customers, make more profit per customer, keep them longer, and do it all without sacrificing their personal lives. We've got roll up your sleeves kind of hustle with a little bit of cleverness and a lot of heart. We are 1% of gym owners and this is our podcast. Hosted by Alex Hormozi.

Timestamps:

(1:51) - The reason why people are perceived to only care about making money: They’re ruthless, they’re clear. They are honest about who they are and their intentions from the beginning. Most people are here to make a profit.

(3:08) - It is a major red flag when you come across someone who says they don’t care about making money. The people who lie about it are the ones that you need to be the most.

(4:59) - The book that Alex mentions talks about three types of people: “I’m here for the money”, “I don’t care about the money”, and “You know what? I just value our relationship above everything else.”

(6:22) - Saying no to 99% of all the opportunities presented to you & the difference of those who are good vs. those who aren’t is the number of mistakes and the gravity of mistakes made

(8:03) - When dealing with negotiations, you have to absolutely transparent to the other. Be clear with your intentions. Keep in mind that you want to get the other person to talk first. Make sure you want to be there for the long-term, and not just “put the relationship first”

(12:05) - Sometimes you need to think about business like it’s a marriage. You have to be abundantly clear with your intentions, how the dynamic works, and so on

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Transcript

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0:00.0	Real quick, you guys already know that I don't run any ads on this and I don't sell anything.
0:04.6	And so the only ask that I can ever have are you guys that you help me spread the words.
0:07.8	We can have more entrepreneurs, make more money, feed their families, make better products,
0:11.9	and have better experiences for their employees and customers.
0:14.8	And the only way we do that is if you can rate and review and share this podcast.
0:19.3	So the single thing that I have to do is you can just leave review,
0:21.9	but take you 10 seconds or one type of the thumb.
0:23.9	It would mean the absolute world to me.
0:25.2	And more importantly, it may change the world of someone else.
0:28.4	The ruthless, they're clear, that's what they want.
0:30.9	And the book describes those people as the best people to be business with.
0:34.4	Why? Because there's no deception.
0:37.0	Welcome to the Jim Seagrard's podcast where you talk about how to get more customers,
0:40.0	how to make more per customer and how to keep them longer.
0:42.4	And the many failures and lessons that we have learned along the way.
0:45.8	I hope you enjoy and subscribe.
0:49.4	Good morning everyone.
0:50.4	Happy Wednesday.
0:50.9	Hope you guys are having a great and phenomenal start to your Wednesday.
0:57.1	I wanted to make this for you because this is something that came up on my mind.
1:00.8	And so the title of this is when people only care about making money.
1:06.9	One of the things that happened recently, someone was telling me about a friend of theirs
	...

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