Leila Hormozi

There's a term that I think Stephen Hayes coined, which is like acting the opposite. It's like if you wanna be the opposite of what you are today, act the opposite first, right?

There's a term that I think Stephen Hayes coined, which is like acting the opposite. It's like if you wanna be the opposite of what you are today, act the opposite first, right?

And so I have just continued to use that time and time again, which is like if I want to be something, I don't need to believe that I am first and I don't need to think it because that I have a very hard time doing, but I can act as though I am the thing and then work my way into it. And so, you know, when we first started really making a lot of money,

And so I have just continued to use that time and time again, which is like if I want to be something, I don't need to believe that I am first and I don't need to think it because that I have a very hard time doing, but I can act as though I am the thing and then work my way into it. And so, you know, when we first started really making a lot of money,

I kept feeling like when is like, where's, when's the, like, where's the like, gotcha. You know what I mean?

I kept feeling like when is like, where's, when's the, like, where's the like, gotcha. You know what I mean?

Yeah. I remember thinking that was like next, like, okay, I figured I'd do it. Like, but now it's definitely going to stop. Right. Like when's, when am I going to look, I probably don't know how to use the money. I probably don't know where to put the money. I probably don't know how to, you know, make sure the money doesn't like disappear because I didn't understand anything about getting returns.

Yeah. I remember thinking that was like next, like, okay, I figured I'd do it. Like, but now it's definitely going to stop. Right. Like when's, when am I going to look, I probably don't know how to use the money. I probably don't know where to put the money. I probably don't know how to, you know, make sure the money doesn't like disappear because I didn't understand anything about getting returns.

And so, um, for me it was, Very much, I didn't believe it until it occurred.

And so, um, for me it was, Very much, I didn't believe it until it occurred.

Yeah, because I think it's like, it's a skill. And so, do you have confidence before you have the skill? I don't usually feel confident until I'm competent. And so until I was competent, which I verify by like, I learned to be competent at making money and the measuring stick is I make more money. So it's like now I'm competent, now I see I've made more money, confidence comes.

Yeah, because I think it's like, it's a skill. And so, do you have confidence before you have the skill? I don't usually feel confident until I'm competent. And so until I was competent, which I verify by like, I learned to be competent at making money and the measuring stick is I make more money. So it's like now I'm competent, now I see I've made more money, confidence comes.

So it's like the experience built the competence which then led to the competence for me.

So it's like the experience built the competence which then led to the competence for me.

I'm educated enough now to know that you have to lose money to make money. So like You know, it's so funny, because me and Alex were talking yesterday about something, and he's counting up every loss we've had this year.

I'm educated enough now to know that you have to lose money to make money. So like You know, it's so funny, because me and Alex were talking yesterday about something, and he's counting up every loss we've had this year.

Yeah, I'm so much like, when it comes to money, I'm like, I'm just like, that's the cost of it. The cost of making money is that you're going to lose some. So it's like, for me, it's like, if I want to make $100 million, I'm going to lose $10 million. If I want to make $1 billion, I'm probably going to lose $50, $100 million. I don't know. Now, that could be in lost opportunity.

Yeah, I'm so much like, when it comes to money, I'm like, I'm just like, that's the cost of it. The cost of making money is that you're going to lose some. So it's like, for me, it's like, if I want to make $100 million, I'm going to lose $10 million. If I want to make $1 billion, I'm probably going to lose $50, $100 million. I don't know. Now, that could be in lost opportunity.

That could have been in making the wrong decision. That could be in the value of a company. But I've just seen that there's a huge correlation with how much you're willing to lose with how much you're willing to gain. Because if you're constantly saying, I don't want to lose, that's where your mind's focused. Rather than, I want to make more. I want to expand.

That could have been in making the wrong decision. That could be in the value of a company. But I've just seen that there's a huge correlation with how much you're willing to lose with how much you're willing to gain. Because if you're constantly saying, I don't want to lose, that's where your mind's focused. Rather than, I want to make more. I want to expand.