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The Game with Alex Hormozi

When to Decide to Start Spending Money | Ep 407

The Game with Alex Hormozi

Alex Hormozi

How To, Entrepreneurship, Education, Business

4.94.8K Ratings

🗓️ 12 July 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

What does value mean to you? Today, Alex (@AlexHormozi) talks about how he was able to live on $0 Income for 3 years growing my business through a framework that kept him grounded and being able to spend on things that you value rather than meet society’s expectations.

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:

(2:01) - Sleeping on gym floor, learning income-to-expense ratios

(4:59) - Business expansion, marriage, setting expense priorities

(10:51) - Cashing money, de-risking, goal of material wealth

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

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

The only ask that I can ever have are you guys that you help me spread the words.

0:07.8

We can not more entrepreneurs, make more money, feed their families,

0:10.9

make better products, and have better experiences for their employees and customers.

0:14.9

The only way we do that is if you can rate and review and share this podcast.

0:19.4

The single thing that I have to do is leave review.

0:21.9

I'll take you 10 seconds or one type of the thumb.

0:23.9

It would mean the absolute world to me.

0:25.2

More importantly, it may change the world of someone else.

0:28.1

It's really about playing the game and I think that that has been, I think the goal

0:31.6

if I have for most of the nations that everyone can get to a point where they're just playing the game

0:35.1

for the love of the game.

0:37.4

Welcome to the game where we talk about how to get more customers, how to make more

0:40.3

customers, how to keep them longer, and the many failures and lessons we have learned

0:43.5

along the way. I hope you enjoy and subscribe.

0:46.7

I was talking to an entrepreneur the other day and we were talking about living expenses and one

0:50.8

of the things that a lot of our portfolio companies struggle with is when to decide to start spending

0:56.3

money. It's very difficult because a lot of times as much as entrepreneurs, especially those that

1:00.2

grow their businesses, many times they've been taught not to spend money, which I think is the right

1:04.6

lesson overall to get to get started, right if you define that as the optimal confirmed material

1:09.2

wealth. On the flip side, there's also some people who struggle to ever get ahead and they're

1:13.4

always living paycheck to paycheck even when they have a lot of money. I know I have some friends who

...

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