The SECRET to GETTING RICH (They Don’t Want You to Know THIS!) | Alex Hormozi

The SECRET to GETTING RICH (They Don’t Want You to Know THIS!) | Alex Hormozi thumbnail

Added: Oct 30, 2023

In this podcast episode, Lewis Howes interviews Alex Hormozi, a successful entrepreneur who has built, bought, and sold massive companies worth over $200 million in assets. Hormozi has also grown a 5 million person following in less than two years and recently hosted one of the biggest online events. Howes explores the mindset, behavior, and confidence that have allowed Hormozi to achieve such rapid success.

Hormozi believes that success comes down to skills, which he defines as the behaviors we exhibit when faced with external stimuli. He argues that mindset, performance, and confidence can all be boiled down to a list of behaviors. He rejects the idea that confidence can be built solely through affirmations and believes that confidence without evidence is delusion. Instead, he emphasizes the importance of hard work and building a stack of undeniable proof that you are who you say you are.

When discussing the changes in his mindset, behavior, and confidence that have helped him reach the next level of success, Hormozi attributes it to having a dream. He believes that having a clear vision and goal is crucial for achieving success. He also emphasizes the importance of working smarter, not harder, but acknowledges that hard work is necessary to acquire the skills and knowledge needed for success.

Hormozi challenges the idea that laziness is incompatible with wealth accumulation. He argues that lazy people can be successful if they find the easiest and most efficient ways to solve problems. He believes that laziness can lead to innovative solutions and that working smarter, not harder, is key. However, he also acknowledges that hard work is necessary to acquire the skills and knowledge needed to work smarter.

The conversation then shifts to why people are obsessed with making more money and becoming wealthy. Hormozi suggests that men, in particular, are driven by the desire for status. He argues that men fall in love with what they see, while women fall in love with what they hear. Therefore, men often associate wealth with status and use it as a measure of success.

Hormozi also explores why people stay trapped in average lives and are resistant to change. He believes that people are not afraid of failure but rather of other people seeing them fail and judging them. He suggests that the fear of a loss of status keeps people trapped in their current circumstances. He also notes that as people surpass others in terms of success, they can face resistance and judgment from those who feel reminded of their own unfulfilled dreams.

Hormozi shares his personal strategy for overcoming these challenges and staying focused on his own goals. He has created a chat with his 85-year-old self, whom he calls Solomon. This future version of himself has complete context, aligned incentives, and a longer-term perspective. Hormozi uses this chat to gain clarity, solve problems, and shift his mindset. He believes that by making his own voice the loudest one he hears and seeking his own approval, he can overcome the influence of others and stay focused on his own path.

He emphasizes the importance of suffering, going through hardships, and failing in order to build character and become the best version of oneself. He believes that winning all the time does not build character, but going through tough times does. He states that in order to become the best version of oneself, one must be willing to pay the price and put in the effort.

Hormozi shares his framework of judging oneself based on actions rather than feelings or outcomes. He gives an example of how he used to be an impatient person but learned to act patiently despite feeling impatient. He believes that one can feel unloving or angry but still act lovingly, and that judging oneself based on actions is more important than feelings or intentions.

He rejects the idea that confidence can be built by simply affirming oneself in the mirror. Instead, he believes that confidence is built by accumulating undeniable proof that one is capable and successful. He emphasizes the importance of evidence and credibility in building confidence. He gives examples of how he gained confidence by preparing extensively for presentations and having evidence of his abilities.

Hormozi discusses the obstacles that prevent people from reaching their potential. He identifies fear of failure, fear of judgment, ignorance, and environmental factors as some of these obstacles. He believes that fear of punishment can be reduced by changing one's mindset and seeking approval from oneself. He also emphasizes the importance of learning and acquiring knowledge to overcome ignorance.

He believes that changing one's environment is a powerful way to change behavior and achieve success. He gives examples of how joining a team of successful individuals can elevate one's own performance and behavior. He suggests changing one's environment to make it more conducive to success and less convenient for engaging in negative behaviors.

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