Alex Hormozi
๐ค SpeakerAppearances Over Time
Podcast Appearances
Now, let's take the other example I had a little further.
Let's say you invest that $2,000.
in learning that skill.
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.
Not like a supreme one, just like an average-ish salesperson.
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.
That's $35,000 per year after taxes, after expenses.
that you can invest on for the rest of your life.
So that $2,000 one time gave you a permanent $35,000 per year increase in investable income.
That is how you get the absurd returns that can get you out of the cycle.
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.
And that's with zero raises, zero new skills, and zero increase in opportunity.
You literally just doing the exact same thing for 50 years.
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.
And the way to increase how much you can invest is to make more, spend less.
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.
But people are so afraid of investing money in skills.
And I really want to dive into this because I really, I truly want to help.
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.
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.