Why Your Feelings Are Killing Your Finances... | Ep 123

The Game with Alex Hormozi

Alex Hormozi

How To, Business, Entrepreneurship, Education

4.9 • 4.8K Ratings

🗓️ 23 April 2019

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s important to stay consistent and to make decisions logically and not based on feelings. Today, Alex (@AlexHormozi) discusses the importance of making business decisions without being swayed by emotion, and emphasizes the need for entrepreneurs to stay neutral and make decisions logically. He provides examples of successful business owners who have developed a thick skin and are able to manage their emotions to make difficult decisions.

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:

(1:02) - Examining the role of emotion in business decisions

(2:26) - The benefits of being neutral

(7:58) - Sacrificing short-term comfort for long-term success

(9:18) - Consistently revisiting the basics of success

(10:41) - Making difficult business decisions

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Transcript

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0:00.0	What's going on everybody?
0:01.0	I'm bringing some more books, but I wanted to say that if you haven't checked out $100
0:03.8	million offers, I would definitely suggest that you start there.
0:06.3	I've gotten some solid feedback and it couldn't be happier with this number one ranking
0:09.9	on Amazon for direct marketing and over 5,000 five star reviews.
0:13.8	So thank you guys so much for that.
0:15.2	It's 164 pages.
0:16.2	I really can help you out.
0:17.8	It takes about four hours to get through.
0:19.6	Check it out on Amazon.
0:20.6	The Kindle book is 99 cents.
0:22.5	The audiobook is as low as they'll let me put it on for it.
0:24.7	So I think it's 12 bucks.
0:26.2	So enjoy that and let's start the podcast.
0:29.2	Buy your feelings, you're killing your finances.
0:30.7	So one of the fun quotes that I love about business is, business is simply mathematical
0:37.4	decisions made within the context of human psychology, which essentially means that you
0:41.3	need to do arithmetic and division in algebra in order to make business decisions and then
0:46.7	overlay that on the people that they're going to affect.
0:51.0	And so one of the fun things is that if you look at really, really high up CEOs, like you
0:55.0	look at Elon Musk, you look at Mark Zuckerberg and you listen or Warren Buffett
0:59.1	and you listen to them speak, right?
	...

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