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

Lewis Howes

3.8M 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 making money as impossible or reserved for a select few. They believe that people need to reallocate their time and resources, investing in activities that yield higher returns, to break this mindset and achieve financial success.

poverty
broke mindset
time management
financial success
resource allocation

  • People who are poor often have a mindset that making money is impossible or incredibly difficult, which prevents them from seeing opportunities and taking action.
  • The speaker argues that people have two main resources: time and money, and how they allocate these resources determines their financial outcome.

Insights from the YouTube Video Critique:

1. The "Broke Mindset": A Societal Trap?

The speaker argues that society often keeps people trapped in a "broke mindset." They believe this mindset is characterized by viewing wealth as unattainable and hindering efforts to improve their financial situation. This raises a critical question: Is there a societal pressure that contributes to a lack of financial ambition, and if so, how can it be overcome?

2. Time vs. Money: The Key to Wealth Allocation?

The speaker proposes that people have two primary resources: time and money. They suggest that those who fail to manage these resources effectively, especially their time, are more likely to remain in a state of financial hardship.

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