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    The SECRET to GETTING RICH (They Don’t Want You to Know THIS!) | Alex Hormozi

    enOctober 30, 2023

    Podcast Summary

    • Success is driven by skills and behaviors, not just mindset or traits.Skills are behaviors that can be taught and trained, challenging the notion that certain traits or mindsets are inherent and cannot be changed. Cut out noise and fluff, focus on taking consistent action. Emulate successful individuals by modeling their rise, not just their current state.

      Success is driven by skills and behaviors rather than just mindset or traits. Alex Hormozi emphasizes that skills are simply the behaviors we exhibit in response to external stimuli, and they can be taught and trained. This challenges the notion that certain traits or mindsets are inherent and cannot be changed. By focusing on the specific actions and behaviors that lead to desired outcomes, individuals can achieve success regardless of their emotional state or personal beliefs. It's important to cut out the noise and fluff that often accompanies success advice and instead focus on taking consistent action. Emulating successful individuals should involve modeling their rise, rather than just their current state or plateau.

    • Making Trade-offs and Paying the Price for SuccessSuccess requires hard work, continuous improvement, and making necessary trade-offs. Learning and embracing the unknown are crucial for reaching one's full potential.

      Success requires trade-offs and choosing to pay the price for your goals. Many people try to mimic the actions of successful individuals without realizing that what got them there may not be what they're currently doing. Instead of labeling things as good or bad, it's important to focus on making the necessary trade-offs to achieve your desired outcomes. This often means working hard and continuously improving oneself to overcome challenges and acquire the skills and knowledge needed for success. Additionally, it's crucial to recognize the value of learning and not knowing, as ignorance can be a costly debt that prevents us from reaching our full potential.

    • The true motivation behind the pursuit of wealthMoney represents status and power, particularly for men, but it is not the ultimate source of fulfillment. Understanding this can lead to finding true happiness and satisfaction in life.

      The pursuit of money is often driven by the desire for status and influence. People may think they want to be wealthy, but it's not necessarily about the money itself. It's about what money represents in terms of social recognition and power. Men, in particular, are often motivated by the idea that more money equals higher status. This drive for status can be seen in various aspects of life, such as men working to improve their physical appearance to attract partners. Additionally, for those who have reached the highest levels of wealth, money becomes a means to make even more money, rather than a source of fulfillment. Ultimately, understanding the underlying motivations behind the pursuit of wealth can help individuals evaluate their own priorities and find true happiness and satisfaction in life.

    • Overcoming fear of judgment and loss of status to pursue true potential.Fear of losing status and judgment from others can hold individuals back from taking risks and pursuing their goals, hindering them from reaching their true potential.

      Fear of losing status keeps people trapped in staying average. Many individuals may claim that they are afraid of failing, but the truth is that they fear others witnessing their failures and judging them for it. The loss of status is what holds them back from taking risks and pursuing their goals. Stepping into something new often requires temporarily taking a step back, which can be challenging for those who have achieved a certain level of success. It can be difficult for people to accept the discomfort and humility that comes with starting something new and potentially dropping in relative standing compared to their peers. Additionally, as individuals surpass others in their pursuits, they may find that some people who were once supportive turn resentful, as their success reminds others of their unfulfilled dreams. Ultimately, fear of judgment and loss of status can hinder individuals from breaking free from average and pursuing their true potential.

    • The Power of Self-Validation and Embracing Personal Potential.Relying on others for validation can be disheartening. By staying true to ourselves and prioritizing our own beliefs, we can overcome the limitations imposed by others and embrace our full potential.

      We often seek validation and approval from others, especially those who knew us before we pursued our dreams. However, it can be disheartening when our friends and acquaintances from our hometown don't support us. On the other hand, strangers on the internet, who relate to our journey and have no personal connection to us, often become our biggest fans. This highlights the importance of staying true to ourselves and prioritizing our own voice and approval. Instead of relying on others for validation, we should strive to be our own witnesses and have enough belief and integrity in ourselves. By doing so, we can overcome the limitations imposed by other people's opinions and fully embrace our own potential.

    • The importance of support and guidance from our loved ones and the necessity of embracing challenges for personal growth.Surround yourself with people who understand your goals and can provide valuable guidance. Embrace hardships and failures, as they contribute to personal development and achieving success.

      The people closest to us, like our family and friends, have the most aligned incentives with us. Their success and well-being are directly impacted by our own success. However, they also have doubts and insecurities, and may treat us differently when we achieve fame or success because they see utility in their association with us. Having someone like Solomon, who understands our goals and has complete context, can provide valuable guidance and approval. It's important to remember that becoming the best version of ourselves requires going through hardships and failures. We shouldn't shy away from suffering, as it builds character and contributes to our growth. Achieving our goals often comes at a price, but it's the price we must be willing to pay for personal development.

    • Building True Confidence Through Evidence and AccomplishmentsConfidence is not just about positive thoughts, but about accumulating tangible evidence of your abilities through hard work and achievements. Start small, build experience, and face challenges with certainty.

      Confidence is not built by simply reciting positive affirmations. True confidence comes from providing yourself with undeniable proof that you are capable and skilled. It's about outworking your doubt and constantly pushing yourself to achieve new goals. Shouting affirmations without evidence is simply delusion. Just like someone who claims they can build a skyscraper without any prior experience, confidence without evidence is empty. Instead, it's important to build a solid foundation of experience and accomplishments that support your self-belief. Start with smaller achievements and work your way up, gaining the necessary skills and knowledge along the way. This approach allows you to face big challenges with calmness and certainty, knowing that you have prepared and proven yourself before.

    • Building Confidence: Simulating Success and Overcoming FearConfidence is achieved by focusing on controllable aspects, gradually exposing oneself to challenging situations, and realizing that fear can be overcome through repeated experience.

      Confidence in any situation comes from outworking your self-doubt. When faced with the fear of not living up to expectations or imposter syndrome, it's important to focus on the controllable aspects and the steps you can take to ensure your success. Confidence is not about being delusional or ignoring insecurities, but rather about simulating the experience as many times as possible until you no longer feel afraid. Just like overcoming a fear of spiders, gradually exposing yourself to the situation can help you acclimate and realize that you can handle it. This process may not be glamorous or fun, but it's the true path to building lasting confidence.

    • The Importance of Evidence and Proof in Building CredibilityIt is essential to seek information or advice from individuals who can provide evidence and proof of their expertise, as this ensures credibility and helps in making reliable decisions.

      Evidence and proof are crucial when it comes to building credibility and gaining trust. In a world filled with influencers and educators, it is important to consider the context in which advice or information is given. Without evidence, even valid advice may be rendered ineffective. When seeking information or advice, look for individuals who have built tangible proof of their expertise. This could include a track record of success, experience in the field, or a credible reputation. By relying on evidence and proof, both as a consumer and a content creator, decisions become faster, easier, and more reliable. Ultimately, context and credibility matter when it comes to making informed choices.

    • The Power of Authority and Proof in InfluenceEstablishing credibility and accumulating evidence of worth can reduce the need for external validation in decision-making and actions.

      Authority and proof play a significant role in influencing people's opinions and actions. When someone with immense authority, like Warren Buffet, gives advice, it carries more weight and requires less cognitive effort to accept. This is because their credibility and proof are established over time. On the other hand, individuals without such authority may struggle to gain trust and credibility, regardless of the quality of their content and production. It is important to accumulate undeniable evidence and convince oneself of their worth before seeking validation from others. While seeking approval from others is natural, it may be a trade-off over time. Ultimately, focusing on our future selves and establishing our own sense of worth can alleviate the need for external validation.

    • Approving ourselves: the key to fulfillment and motivation.Seeking approval from our future selves, rather than others, empowers us to overcome obstacles, implement new behaviors, and achieve success.

      Seeking approval from others can be limiting and fleeting. Instead, focusing on gaining approval from our future selves can be more fulfilling and motivating. Our future selves know our true potential, whether we took shortcuts or gave our best effort. By earning our own approval, we can enter any situation with confidence and ease. To reach our potential, it's important to overcome obstacles such as a lack of knowledge, fear of punishment, and environmental limitations. Learning is not just about acquiring information, but about implementing new behaviors based on that knowledge. Ultimately, by changing our mindset and environment, we can take the right actions and achieve success.

    • Changing your environment for behavior changeSurround yourself with successful people, make desired behaviors easier and undesired behaviors harder, focus on activities rather than outcomes, and reframe punishment to overcome fear and achieve goals.

      Changing your environment can be the most effective way to change your behavior and achieve your goals. By surrounding yourself with people who are excellent at what you want to achieve, you automatically adopt their cultural norms and rules of behavior. This can lead to significant improvements in your own skills and performance. Additionally, making it more convenient to engage in desired behaviors and less convenient to engage in undesired behaviors can help you make positive changes without relying solely on willpower. By changing what you measure yourself on, focusing on activities rather than outcomes, and reframing punishment as potentially non-existent, you can overcome fear and keep working towards your goals.

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    From PASSION to PROFIT: 3 Proven Strategies for a Thriving Side Hustle

    From PASSION to PROFIT: 3 Proven Strategies for a Thriving Side Hustle

    This special episode of the School of Greatness is brought to you by TikTok Shop. Visit www.TikTokShop.com/podcast to learn more.

    Today we dive into the world of entrepreneurship and starting a successful side hustle. Lewis sits down with 3 accomplished entrepreneurs who share their invaluable insights on how to turn your passion into profit. They discuss the importance of taking that first step, overcoming self-doubt, and building a resilient mindset. Throughout the episode, you will learn practical strategies for identifying your niche, leveraging your skills, and creating a thriving side hustle. Join us on this journey of empowerment and transformation as we explore the keys to becoming a successful entrepreneur!

    Rory Vaden discusses how to monetize your side hustle and eventually go all-in on your dream. He discusses the biggest mistakes you’re making on social media when it comes to the process for monetizing your personal brand, how to generate leads and get over the fear of selling, what most people get wrong about sales and marketing, and so much more.

    Alex Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist. In 2013, he started his first brick & mortar business, successfully scaling his business to six locations in three years. Since then he has scaled and exited 7 companies – his most notable exit was the majority sale of his licensing company for $46.2M. If you’re ready to learn how to become a master salesperson, quiet your ego, turn any “No” into a “Yes” when negotiating, and make the leap into scaling your own side hustle, this episode is for you!

    Jenna Kutcher turned her creativity into massive success. She’s a photographer, entrepreneur, and podcaster helping dreamers run authentic, profitable businesses. She is also host of the top-rated Goal Digger Podcast, she’s helped thousands redefine success and chase bold dreams through her decade-long work as a leading online personality and educator. We discuss work/life balance, and why we should all value time over money.

    In this episode you will learn,

    • How to become a master salesperson, quiet your ego, and turn any "No" into a "Yes" when negotiating, empowering you to scale your side hustle successfully.
    • Insights on redefining success, emphasizing work/life balance, and the profound value of prioritizing time over money, guiding you toward a more fulfilling entrepreneurial journey.
    • How to monetize your side hustle, addressing common social media mistakes, lead generation strategies, conquering the fear of selling, and dispelling misconceptions about sales and marketing, equipping you with actionable steps to grow your business.
    • The importance of taking that crucial first step on your entrepreneurial path and the methods to overcome self-doubt, thanks to the wisdom shared by accomplished entrepreneurs in this episode.
    • Practical strategies for identifying your niche, leveraging your skills, and creating a thriving side hustle, setting you on a transformative journey toward becoming a successful entrepreneur.

    For more information go to www.lewishowes.com/1524

    For more Greatness text PODCAST to +1 (614) 350-3960

    Full Episodes:

    Rory Vaden: https://link.chtbl.com/1148-pod

    Jenna Kutcher: https://link.chtbl.com/1271-pod

    Alex Hormozi: https://link.chtbl.com/1522-pod

    The WEALTH Expert: How I Built an $80 MILLION Business in a Weekend | Noah Kagan

    The WEALTH Expert: How I Built an $80 MILLION Business in a Weekend | Noah Kagan

    Noah Kagan is a master in the art of entrepreneurship, currently leading AppSumo as its Chief Sumo, where he's driving over $80 million a year in revenue. He's not just a savvy business leader; he's also an influential mentor on his YouTube channel, guiding over a million subscribers towards the golden path of financial freedom.

    Before creating a massive impact with AppSumo.com, Noah was at the forefront of two major tech revolutions – he was the 30th employee at Facebook, working directly under Mark Zuckerberg, and the 4th employee at Mint.com.

    Noah is also the author of the groundbreaking book, 'Million Dollar Weekend: The Surprisingly Simple Way to Launch a 7-Figure Business in 48 Hours.' In a world where entrepreneurship is more accessible yet challenging than ever, Noah's insights are a game-changer.

    Buy his new book Million Dollar Weekend: The Surprisingly Simple Way to Launch a 7-Figure Business in 48 Hours

    Subscribe to Noah’s newsletter.

    In this episode you will learn

    • The essential steps to launching a 7-figure business in just 48 hours.
    • The most common money myths blocking most people's success.
    • Key insights into effective planning and execution techniques for rapid business growth.
    • The difference between millionaires, billionaires, and everyone else.
    • How to become more valuable and worthy in the job marketplace.

    For more information go to www.lewishowes.com/1572

    For more Greatness text PODCAST to +1 (614) 350-3960

    More SOG episodes we think you’ll love:

    George Kamel – https://link.chtbl.com/1568-pod

    Dave Ramsey – https://link.chtbl.com/1415-pod

    Vivian Tu – https://link.chtbl.com/1551-pod