42 Recession Proof Money Hacks (2023) | Spotify Video Exclusive
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What are the first seven recession-proof money hacks?
42 recession-proof money secrets. And if you don't know who I am, my name is Alex Ramosi. I sold two of my companies last year for $46.2 million, and my current portfolio at acquisition.com is over $200 million a year.
What are money hacks eight through fourteen?
And I want to take 10 years of money secrets that worked in both boom and bust economies so that you can save the decade and apply them today. Number one, he who gives the money has the power.
What insights can we gain from money hacks fifteen to twenty-one?
So a lot of times poor people, they're always trying to get money, always trying to get money. The person who gives the money is the one who's in control.
How do money hacks twenty-two to twenty-eight contribute to financial success?
Like if you think about the biggest institutions in the world, where are they? Banks. What do they do all day?
What are the lessons from money hacks twenty-nine to thirty-five?
They give money. When you give someone money, you get to dictate the terms.
What can we learn from money hacks thirty-six to forty-two?
You actually now own them. Number two, never trade reputation for money because you can get money back, but you can't get reputation back. If you think about reputation as something that compounds over time, the longer you have it, the more you build it, the more it compounds unto itself.
What mindset shifts are necessary for financial growth?
It is your brand, which allows you to do more deals, do bigger deals, do them faster. The moment you lose the rep because you traded it for money in the short, you cut the compounding, and that's where all of the gains in life come from. Number three, money loves speed, wealth loves time, poverty loves indecision. Micro, money loves speed. You want to move quickly, bond fast to customers, follow up with your leads, etc.
How can we apply these money hacks in our daily lives?
But when you think about building wealth, it's not about transacting, it's about letting that compounding happen. And that takes time and it takes not interrupting it. Most people never achieve either of those things because they sit in decision. Four, we can always make more money than we need. This is a belief that has served my wife and I really, really well. We look back on our lives and we've never not been able to eat, not had shelter, and we've continued to increase our skillset. A lot of times we have this desire or our animal brain wants to make us make decisions out of scarcity, out of fear. We don't need any of the money that's coming because we have always had enough. Fortunes are made by taking a lot of risk with a little bit of money.
And fortunes are maintained by taking a little bit of risk with a lot of money. Somebody who's self-made had nothing. And so they risked everything in order to make it big. But the thing is, is when you have nothing, you're not risking a lot. You have nothing to lose, which makes you dangerous, which is one of the biggest advantages of having nothing. But if you continue to do that when you do have something to lose, you can lose your fortune. And so you have to change the behavior once you have the castle, once you have the empire. Six, money flows where attention goes. If you spend time thinking about fashion all day, your attention's going towards buying clothes. If you think about cars all day, it's going towards your car.
If you're thinking about your business all day, it should be going towards your business. Pick one thing, go all in. Because you only have so much juju. Think about it like a magnifying glass. And you're the sun in this instance. And you've got to burn a hole to get through to the next level. If you're spread across too thin of an area, you never get enough concentrated heat. Most people have the potential, but they don't have the focus, which is why they can never break through. Seven, your home life and your business life have to be aligned money-wise. so you can't try to grow a business and like reinvest everything here while you're living a super lavish lifestyle trying to flex like it has to be aligned all of our business rules around money are also our home rules around money and so if we don't live with any debt within our personal lives we do the same thing within our business lives eight ignore money advice from poor people this may sound ridiculous but let me say it differently ignore money advice from your
dad or mom who are poorer than you want to be from your good friends who are poorer than you want to be from people who have smaller dreams for your life than you do the reason that rich people can lose everything and then recreate it is because they see reality more accurately the reason people can't make money is because they don't see reality the way it actually is most of life is trying to pull these rocks out of our vision so that we can see more clearly
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Chapters
8 chapters
1
What are the first seven recession-proof money hacks?
0:00–0:09
2
What are money hacks eight through fourteen?
0:09–0:21
3
What insights can we gain from money hacks fifteen to twenty-one?
0:21–0:27
4
How do money hacks twenty-two to twenty-eight contribute to financial success?
0:27–0:30
5
What are the lessons from money hacks twenty-nine to thirty-five?
0:30–0:34
6
What can we learn from money hacks thirty-six to forty-two?
0:34–0:48
7
What mindset shifts are necessary for financial growth?
0:48–1:09
8
How can we apply these money hacks in our daily lives?
1:09–14:02