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The Game with Alex Hormozi

Why You Should Stay Poor to Succeed | Ep 387

The Game with Alex Hormozi

Alex Hormozi

How To, Entrepreneurship, Business, Education

4.94.8K Ratings

🗓️ 10 May 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

Take advice from poor people on how to be rich! Today, Alex (@AlexHormozi) talks about the 28 ways to stay poor and how these ways can help drive more success for you.

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:

(0:58) - What is “Inversion Thinking” anyway?

(1:53) - Ways #1-9

(5:47) - Ways #10-18

(13:21) - Ways #19-28

(22:04) - The power of inversion thinking

Follow Alex Hormozi’s Socials:

LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

Transcript

Click on a timestamp to play from that location

0:00.0

Moisturization real quick, if you are a business owner that has a big, old business and wants to get to a much bigger business,

0:06.1

going to $50, $100,000 plus we would love to talk to you.

0:09.5

And if you like that or would like to hear more about it, go to acquisition.com and you can plan anywhere on the page

0:14.4

and talk to one of our team and see if we can help you get there.

0:17.7

You have to prioritize being rich, which means spending less.

0:20.7

Because you were not valuing the opinion of other people over your own, which because you respect your own approval more than that of other people.

0:28.0

You have to be willing to die to the opinion of others rather than dying to the opinion of yourself.

0:33.0

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

0:37.3

and the many failures and lessons we have learned along the way.

0:39.7

I hope you enjoy and subscribe.

0:42.7

I'm going to talk to you about the 28 ways to stay poor.

0:46.5

And the reason I'm framing it that way is because Charlie Munger, my personal hero,

0:50.5

had a seminal talk that she gave multiple times on how to live a miserable life.

0:56.1

And the reason he gives it that way is that he believes in a process called inversion thinking,

1:00.4

which is where you solve problems in reverse.

1:02.6

So for example, if you want to have a good marriage, rather than asking the question,

1:06.1

how do I have a good marriage, you ask the question, how would it destroy my marriage?

1:09.8

And then you list out all the ways to destroy your marriage and then you do the exact opposite of that.

1:13.6

And what's interesting is that our brains are much better at finding problems than they are finding solutions.

1:17.9

And so what we do is we harness this innate ability that we have to find the problems

1:22.3

and then after finding every possible problem, we can imagine every threat imaginable,

1:26.8

which evolutionarily we were designed to look for, then flip that in reverse to find our solutions.

...

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