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Alex Hormozi

๐Ÿ‘ค Speaker
43475 total appearances

Appearances Over Time

Podcast Appearances

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

Your money goals are too small, and I will prove it to you.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

So in this video, I'm gonna explain how you need to rethink your income, your investments, and savings goals and timelines.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

And so here's the problem.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

A lot of financial gurus, even people on this platform, right, and I have no shade, right, will tell you to save $100 a month, and they'll tell you that if you do that from the time you're 18 until the time you retire at 67, you'll retire with a million bucks at a 9% compounding rate.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

And that all sounds great until you realize that when you're 67, that $1 million is going to only be worth $170,000.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

So why is that?

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

Just $1 in 1975, right, 50 years ago, has today's equivalent purchasing power of $6.02.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

That's a 6x difference in 50 years.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

The main reason?

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

Inflation.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

The dollar.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

They don't make them like they used to, right?

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

Or rather, they make too many of them.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

And if you push back on that, then I'd like to ask you to think and study late-stage capitalism.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

So, like, look if in late-stage capitalism and countries that are in it, which I would say America is in late-stage capitalism, look if inflation goes up or down.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

And I'll give you a hint.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

It goes up.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

So this measurement is conservative.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

This is based on the last 50 years, not necessarily the next 50.

The Game with Alex Hormozi
A Million Dollars Is Not Enough | Ep 995

And so if that's the problem, how do we solve it?

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