How to Become a MILLIONAIRE in 2024 (Shift Your IDENTITY!) | Alex Hormozi

How to Become a MILLIONAIRE in 2024 (Shift Your IDENTITY!) | Alex Hormozi thumbnail

Added: Nov 29, 2023

In this podcast episode, entrepreneur and business coach Alex Hormozi shares his insights on the journey to success, the importance of hard work, and the mindset needed to achieve financial goals. He discusses the value of learning and the impact of taking action, as well as the significance of patience and focus in the pursuit of wealth.

Hormozi emphasizes the need for a strong work ethic and a commitment to continuous learning. He believes that success is not just about reaching a financial milestone, but also about the journey and the effort put into achieving it. He shares his personal experience of starting a business at a young age and the dedication he put into acquiring knowledge and skills to propel his success.

One of the key points Hormozi makes is the importance of focusing on the controllables and being divorced from the outcome. He believes that the journey is about the actions taken and the effort put in, rather than the end result. He encourages individuals to measure themselves by the actions they take and to be proud of the effort they put in, regardless of the outcome.

Hormozi also discusses the concept of getting paid to learn, highlighting the value of gaining experience and knowledge through work. He believes that taking action and showing initiative can lead to opportunities for growth and development. He shares personal anecdotes of his own journey, including the importance of seeking mentors and learning from others in the industry.

The podcast delves into the idea of patience and the long-term perspective needed to achieve financial success. Hormozi challenges the notion of striving for quick success and emphasizes the value of taking the time to acquire skills and experience. He believes that the journey to wealth is a process that requires dedication and perseverance.

The discussion also touches on the significance of giving one's all and leaving everything on the field. Hormozi shares a personal story of a football game where he gave his best effort, despite the team losing. He reflects on the importance of internal validation and the pride that comes from knowing that one has given their all, regardless of the external outcome.

Hormozi emphasizes the significance of wins in one's journey to success, highlighting the need for external results to validate one's efforts. He acknowledges the value of learning from losses and challenges, but also stresses the importance of achieving tangible wins to build confidence and credibility. Hormozi's own experiences and dedication to hard work have led him to achieve remarkable success, and he encourages listeners to adopt a similar mindset in their pursuit of excellence.

The podcast also delves into the concept of softness in today's society, with Hormozi attributing it to the prevalence of guardrails that prevent people from experiencing failure and hardship. He believes that the inability to handle hurt feelings and the overemphasis on personal emotions have contributed to a culture of softness. Hormozi challenges the notion that feelings should matter significantly, advocating for a focus on actions and results rather than emotional validation.

The conversation then shifts to Hormozi's recent book launch for "100 Million Leads," where he shares the strategies and tactics that led to the event's unprecedented success. With a focus on advertising and lead generation, Hormozi outlines the various methods and channels used to promote the book, including warm outreach, cold outreach, content creation, and paid advertising. He also highlights the importance of leveraging affiliates and customers to amplify the reach of the book launch, emphasizing the value of creating win-win-win scenarios for all parties involved.

Hormozi's dedication to providing value and building goodwill is evident in his approach to the book launch, as he offers the book for free on his podcast and website. He emphasizes the importance of giving without expecting immediate returns, citing the long-term benefits of building trust and authority in a crowded marketplace. The success of the book launch, with over 190,000 copies sold in the first 10 days, serves as a testament to Hormozi's philosophy of giving and delivering exceptional value to his audience.

Throughout the podcast, Hormozi emphasizes the importance of relentless effort, continuous learning, and the willingness to embrace discomfort in the pursuit of success. He encourages listeners to focus on problem definition and scope, delivering quality through quantity, and finding the right balance between perfectionism and action.

Videos

Full episode

Episode summary