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How They Keep You POOR! (Watch This To Become A MILLIONAIRE In 2023) | Alex Hormozi

Lewis Howes

4.0M Views . 2022-10-03

🔔 Subscribe for more great content: https://www.youtube.com/lewishowes ▶️ Recommended for you: https://youtu.be/rPV7Sn-POlM https://lewishowes.com/gmyo - Get my NEW book The Greatness Mindset today! Buy Alex's book - https://www.amazon.com/100M-Offers-People-Stupid-Saying-ebook/dp/B099QVG1H8 Alex Hormozi is a first generation Iranian-American entrepreneur, investor, and philanthropist. In 2013, he started his first brick & mortar business. Within three years, he successfully scaled his business to six locations. He then sold his locations to transition to the turnaround business. From there he spent two years turning 32+ brick & mortar businesses around using the same model that made his privately owned locations successful. After that experience, he packaged his process into a licensing model which scaled to over 4000+ locations in 4 years. Over that same four year period, he founded and scaled three other companies to $120M+ in cumulative sales across four different industries (software, service, e-commerce, and brick & mortar) without taking on outside capital. He has scaled and exited 7 companies. His most notable exit was his majority sale of his licensing company for $46.2M in 2021. And now, let’s jump right into Episode 1,324 of The School of Greatness with the one-and-only, Alex Hormozi! You can follow me at: Website: http://lewishowes.com/ Facebook: https://www.facebook.com/lewishowes/ Twitter: https://twitter.com/LewisHowes Instagram: https://www.instagram.com/lewishowes/ Tiktok: https://www.tiktok.com/@lewis Linkedin: https://www.linkedin.com/in/lewishowes/

The speaker argues that poverty is often caused by a 'broke mindset' where individuals see wealth as unattainable and focus their time and energy on low-leverage activities that provide minimal financial return. This mindset traps them in a cycle of debt and limited opportunity.

Poverty
Broke Mindset
Time Management
Low-Leverage Activities

  • People who are poor often see making money as impossible or difficult, and they may lack a dream or ambition.
  • Society can trap people in a broke mindset, leading to debt and a cycle of poverty.

Insights from the YouTube Video Critic's Perspective:

1. Is "The Broke Mindset" Real, and If So, How Does It Manifest?

This video argues that a "broke mindset" is a real phenomenon that traps people in poverty. It suggests that this mindset manifests as a belief that making money is impossible or only for a select few. This leads to a cycle of distraction and low-leverage activities, preventing individuals from investing in skills or opportunities that could break the cycle.

2. Time Management: The Key to Breaking the "Broke Mindset"?

The video emphasizes the importance of time management in achieving financial success. It suggests that those struggling financially often waste time on distractions or low-leverage activities

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