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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

Now, let's take the other example I had a little further.

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

Let's say you invest that $2,000.

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

in learning that skill.

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

And that $2,000 takes you from a $30,000 a year income to a $90,000 a year income, which is probably about what an average-ish salesperson makes.

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

Not like a supreme one, just like an average-ish salesperson.

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

And post-taxes, at least in the US, that's about $75,000 a year, assuming you live on, let's say, $2,500 a month because you're living lean.

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

That's $35,000 per year after taxes, after expenses.

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

that you can invest on for the rest of your life.

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

So that $2,000 one time gave you a permanent $35,000 per year increase in investable income.

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

That is how you get the absurd returns that can get you out of the cycle.

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

And so put this in perspective, that alone would, like just that one change alone, if you did nothing else and you invested the $3,000 a month, roughly, that alone would get you to $31 million in 50 years.

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

And that's with zero raises, zero new skills, and zero increase in opportunity.

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

You literally just doing the exact same thing for 50 years.

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

So the idea here is like you want to use compounding to your advantage, but the biggest thing is how much you can invest over time.

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

And the way to increase how much you can invest is to make more, spend less.

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

And in the short term, where you will get the highest returns, actually over the long term, where you get the highest returns in the short term is in skills.

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

But people are so afraid of investing money in skills.

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

And I really want to dive into this because I really, I truly want to help.

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

So yes, you can absolutely achieve financial freedom if you live under your means, you invest the difference into increasing your income, and then once you have the amount that you need to compound to your number, you can just let the compounding work.

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

And if you're a maniac, my preference, my people, you'll realize quickly that you get higher return on learning skills than anything else.