Brutally Honest Advice to my Poorer Younger Self

Alex Hormozi
13 Jan 202427:38

Summary

TLDRЭто честный совет молодому себе о том, как достичь успеха в бизнесе и личностном росте. Сосредоточение на заработке денег, а не на утренних ритуалах или других отвлекающих моментах, является ключом к успеху. Важно изучать действия людей на пути к их успеху, а не то, что они делают, будучи уже на вершине. Совет заключается в том, чтобы начинать рано, избегать работы без перспективы роста, и не бояться начинать с нуля в любом возрасте. Автор подчеркивает важность обучения, вместо того чтобы преследовать краткосрочную выгоду, и делится личным опытом переосмысления взглядов на бренд и продукт для достижения долгосрочного успеха.

Takeaways

  • 🕒 Утренние ритуалы могут отнимать время и энергию, которые лучше потратить на работу для достижения успеха.
  • 🎯 Сосредоточьтесь на действиях, которые приближают вас к вашим целям, избегая отвлекающих факторов.
  • 📈 Моделируйте поведение успешных людей на этапе их восхождения, а не их текущие привычки.
  • 👶 Ранние испытания и трудности не гарантируют успеха; важны усилия и работа, проделанная на пути к цели.
  • ⏳ Не откладывайте достижения, действуя по принципу «30 - это новые 20». Цените время и начинайте действовать сейчас.
  • 💡 Развивайтесь и инвестируйте в себя с молодых лет, чтобы не отставать от сверстников и использовать каждую возможность для роста.
  • 🛠 Прямые действия и работа над собой важнее, чем поиск вдохновения или страсти. Страсть приходит с мастерством.
  • 💲 Образование и информация - самые ценные ресурсы. Инвестируйте в них, чтобы минимизировать «долг невежества».
  • 🚀 Строители бренда и продукта должны сосредотачиваться на качестве и долгосрочной репутации, а не на краткосрочной выгоде.
  • 🌱 Избегайте ярлыков и ограничений, которые другие пытаются навязать вам. Развивайтесь и действуйте в соответствии с собственными целями и убеждениями.

Q & A

  • Почему автор считает, что навязчивость утренних рутин мешает зарабатыванию денег?

    -Автор утверждает, что люди, сосредоточенные на утренних рутинах, тратят время, которое могли бы использовать для работы и зарабатывания денег. Он считает, что замена этих рутин на дополнительные часы работы приведет к более значительным результатам.

  • Как автор предлагает отличить действительно полезные действия от бесполезных?

    -Автор предлагает фокусироваться на действиях, которые непосредственно влияют на достижение желаемых результатов, и избегать всего, что отвлекает от этого. Он подчеркивает важность мерить эффективность действий и отказываться от тех, которые не приносят измеримой пользы.

  • Какую ошибку делают люди, делая выводы на основе успехов других?

    -Люди часто делают неверные выводы, связывая успех с нерелевантными факторами, например, с утренними рутинами успешных людей, вместо того чтобы анализировать действия, которые действительно привели их к успеху.

  • Почему важно анализировать, что успешные люди делали на пути к успеху, а не то, что они делают сейчас?

    -Автор советует изучать действия, которые люди предпринимали на пути к успеху, а не их текущие привычки или рутины, потому что именно эти действия были ключевыми для достижения их целей.

  • Почему не следует полагаться на трудные детские годы как на гарантию успеха?

    -Автор отмечает, что множество людей с трудным детством так и не добиваются успеха, а также есть успешные люди без трудного детства, что доказывает отсутствие прямой связи между трудностями в детстве и успехом.

  • Почему важно начинать инвестировать в свое развитие как можно раньше?

    -Автор утверждает, что чем раньше начать работать над собой и своими навыками, тем лучше будут результаты в будущем, и подчеркивает, что откладывание этого процесса может привести к потере драгоценного времени.

  • Какова роль образования и информации в достижении успеха, согласно автору?

    -Автор считает образование и информацию чрезвычайно ценными ресурсами, потому что они позволяют сократить «долг невежества» и быстрее двигаться к своим целям.

  • Почему важно отличать действия от намерений при оценке пути к успеху?

    -Автор подчеркивает, что важны не намерения, а конкретные действия, которые приводят к результатам. Он советует сосредотачиваться на том, что реально было сделано, а не на абстрактных планах или намерениях.

  • Почему автор критикует привязанность к личным ярлыкам или меткам?

    -Автор выражает мнение, что самонавешивание ярлыков ограничивает личное развитие и возможности, поскольку люди начинают действовать в соответствии с этими метками, а не стремятся к росту и изменениям.

  • Какие два основных урока хотел бы автор передать своему молодому себе?

    -Первый урок касается понимания важности создания качественного продукта и построения сильного бренда, которые способны привлечь клиентов и удержать их интерес. Второй урок подчеркивает необходимость начинать работать над собой и своими навыками как можно раньше.

Outlines

00:00

💼 The Futility of Morning Routines for Success

The speaker argues against the obsession with morning routines as a path to wealth and success. They highlight that those who focus on making money and sacrificing for it tend to become wealthy before filling their time with routines. The speaker criticizes the correlation fallacy, emphasizing the importance of understanding the actions that truly led to success rather than the superficial routines or habits displayed by successful individuals.

05:01

🚀 Starting Late vs. Early Advantage

The speaker discusses the misconception that starting late puts one at a disadvantage. They argue that it's never too late to begin the journey to success, as long as one is willing to take action. The speaker shares personal anecdotes and examples to illustrate that success is not tied to age but to the actions taken and the willingness to learn and grow continuously.

10:02

🎓 Learning vs. Earning: The Balance for Long-Term Success

The speaker emphasizes the importance of learning over earning, especially in one's early career. They argue that prioritizing personal growth and skill development over immediate income can lead to greater long-term success. The speaker shares examples of individuals who chose to learn in high-profile environments, which later translated into significant career advantages.

15:04

💡 The Power of Compounding Efforts

The speaker discusses the concept of compounding, explaining how focusing on building a strong product and brand can lead to significant long-term benefits. They share their personal experience with book publishing, where the quality of the first book led to high sales for subsequent books without additional marketing efforts. The speaker highlights the value of patience and persistent effort in creating a compounding effect in business and personal growth.

20:05

🗣️ The Dangers of Labels and Limiting Beliefs

The speaker warns against the dangers of self-imposed and external labels, which can limit one's potential and actions. They argue that labels are not reflective of one's true capabilities and can change based on necessity. The speaker encourages focusing on actions and results rather than on labels and perceived limitations, advocating for an environment that supports growth and the shedding of unhelpful identities.

Mindmap

Keywords

💡morning routines

The concept of morning routines refers to a set of activities that individuals perform first thing in the morning to start their day productively. In the context of the video, it is criticized as a potential distraction from the actual work that contributes to financial success and business growth. The speaker argues that focusing on morning routines can lead people away from the actions that truly generate income and progress.

💡productivity

Productivity is the efficiency of producing a maximum of output with the minimum of wasted effort or time. In the video, the speaker emphasizes the importance of focusing on actions that directly lead to increased productivity and financial growth rather than on rituals or routines that may not contribute to these outcomes.

💡correlation and causation

Correlation and causation are two concepts in statistics and logic. Correlation indicates a mutual relationship between two factors, while causation implies that one event causes the other. The speaker in the video warns against mistaking correlations for causations, especially when trying to understand the reasons behind people's success.

💡personal growth

Personal growth refers to the process of improving one's character, self-awareness, emotional intelligence, and social skills. In the video, the speaker argues that personal development is essential for success and that one should focus on actions that directly contribute to personal growth rather than on superficial routines.

💡ignorance debt

Ignorance debt is a metaphorical term used to describe the cost of not knowing something important that could have been known. In the video, the speaker uses this concept to emphasize the importance of continuous learning and investing in education to reduce this 'debt' and improve one's chances of success.

💡entrepreneurial journey

The entrepreneurial journey refers to the process of starting and growing a business, which often involves overcoming challenges, taking risks, and learning from failures. In the context of the video, the speaker highlights the importance of starting this journey early and learning from experience, rather than focusing on immediate earnings or success.

💡earning vs learning

The concept of 'earning vs learning' refers to the choice between prioritizing immediate income (earning) and focusing on acquiring knowledge and skills that may lead to future growth (learning). The speaker in the video argues that, especially in one's 20s, it's crucial to prioritize learning and personal growth over solely focusing on earning a high income.

💡brand

A brand is the identity and reputation of a business, product, or individual, often associated with certain values, qualities, and promises. In the video, the speaker discusses the importance of building a strong brand, as it can lead to trust and credibility, which in turn can result in more significant business opportunities and sales with less effort.

💡compounding

Compounding refers to the process of creating increasing effects over time through the accumulation of small efforts or successes. In the context of the video, the speaker emphasizes the power of compounding in business, particularly in terms of building a reputation and product quality, which can lead to exponential growth and success.

💡labels

Labels are predefined categories or definitions that people use to quickly describe or understand others or themselves. In the video, the speaker argues against the use of labels, as they can limit personal growth and action, and prevent individuals from reaching their full potential.

Highlights

The advice is aimed at individuals who want to increase their wealth and personal growth.

People focused on morning routines tend to make less money than those solely obsessed with wealth generation.

After achieving wealth, some individuals fill their time with routines and forget the actions that led to their wealth.

A suggestion to replace a 3-hour morning routine with 3 hours of work led to significant productivity improvements for a young entrepreneur.

Focus on actions that lead to desired outcomes rather than distractions.

Correlations are often mistaken; instead, examine the actions that led to success.

The belief that a hard childhood leads to success is flawed, as many with difficult backgrounds do not achieve success.

It's a myth that 30 is the new 20; it should not be used as an excuse to delay accomplishments.

Dead-end jobs without growth opportunities can hinder personal development.

Invest in personal growth and skill development in your 20s to not fall behind in your 30s.

Starting a business journey early can give a significant advantage in business experience over those who start later.

Paying down 'ignorance debt' is crucial for everyone, regardless of age.

It's never too late to start; the best time was when you were 10, the second-best time is now.

Avoid labeling yourself with limitations; focus on actions and ideals instead.

Compounding effect in business is powerful; focus on creating products and a brand that sells itself over time.

Delivering exceptional products and building a strong reputation leads to sustained success.

The value of information is immense; investing in knowledge pays off significantly in the long run.

Understanding brand and product is crucial for long-term success, rather than just focusing on sales and marketing.

The importance of focus and deep work for creating excellent products and achieving success.

Transcripts

play00:00

this is more brutally honest advice to

play00:01

my younger poor self this advice is only

play00:04

for somebody who wants to make more

play00:05

money grow in their business grow in

play00:07

themselves people obsessed with their

play00:08

morning routines make less money than

play00:10

people obsessed with making money people

play00:12

work sacrifice and then they get rich

play00:14

then they fill their time with weird

play00:16

routines then they forget how they got

play00:18

rich in the first place and then they

play00:20

tell other people the weird routines

play00:22

made them Rich rather than what they

play00:23

actually did which is whatever it took

play00:26

not some 3-hour morning routine there

play00:28

was a kid who dm' me who said hey I've

play00:31

been working with this business coach

play00:33

and he has me doing a morning routine

play00:36

could not make this up after I do my

play00:38

grounded walking I do my gratitude

play00:40

Journal I do my list for the day I do my

play00:43

ice plunge it's like after I do that he

play00:45

takes me about 3 hours in the morning to

play00:46

get all that done he's like I barely

play00:48

have any energy to like actually get

play00:49

work done I just said I'm going to give

play00:50

you the biggest hack in the world cut

play00:52

the 3-hour morning routine replace it

play00:53

with 3 hours of work and I promise

play00:54

you'll get more done and he messaged me

play00:56

back a week later he was like dude it

play00:57

changed my whole life I'm getting so

play00:59

much done now I was like what a [ __ ]

play01:00

concept if you work more more gets done

play01:02

and I love just looking at this it's

play01:04

like what actions do I have to take to

play01:06

get what I want anything that is not

play01:07

that is a distraction from it period if

play01:10

it takes you 5 minutes to feel 20%

play01:11

better and you can actually measure that

play01:13

your output goes up by 20% Then cool

play01:15

that makes sense so I'm not I'm not

play01:16

against doing things I'm against doing

play01:19

things for the sake of doing

play01:21

them and so one of the biggest issues

play01:23

with learning and education as humans do

play01:25

it is that we make correlations to

play01:27

things that are approximate they're

play01:29

close to another tall people play

play01:30

basketball I should play basketball to

play01:32

get tall we make these very mistaken

play01:34

correlations but we should look at is

play01:36

what it took to get there not what

play01:38

they're doing now so the better advice

play01:39

is to look at what someone was doing on

play01:41

their way up in the grind mirror that

play01:43

more than what they're currently doing

play01:45

at the top of the mountain so it would

play01:46

be like assuming warm Buffett is Rich

play01:47

because he drinks Coke I drink probably

play01:49

5 12 ounce Cokes a day all you have to

play01:52

do also on the cories are there other

play01:53

people who drink Coke who aren't Rich

play01:55

I've had probably 10 different podcasts

play01:57

seed the premise do you think that the

play01:59

fact that you had a hard childhood has

play02:01

created the success today and I would

play02:05

say no I would say the work that I did

play02:07

created the success and all we have to

play02:09

do is look at all the other people who

play02:11

had bad childhoods who aren't successful

play02:13

and I think there are way more of those

play02:15

than there are that are to prove that it

play02:17

actually has nothing to do with who's

play02:18

successful there's also people who

play02:19

didn't have bad childhoods who are

play02:21

successful too and so it's just that

play02:23

many people have bad childhoods some of

play02:26

them become successful and so that's why

play02:28

trying to figure out why something

play02:29

happen happened I have spent less and

play02:31

less of my effort trying to do that and

play02:33

only look at what actions created a

play02:37

result rather than looking at intention

play02:39

or anything else that's a morphous that

play02:40

can't be

play02:42

measured 30 isn't the new 20 it's an

play02:45

excuse to take 10 years longer to

play02:47

accomplish the same thing you can die

play02:48

when you're done until then keep going

play02:51

in your 20s you're young you can [ __ ]

play02:53

around it doesn't matter cuz life is

play02:55

long number one that assumes that you're

play02:57

not going to die if you're in your 30s

play02:59

you know someone someone in your high

play03:00

school class who died and it's not just

play03:01

the drug overdose people it's the people

play03:03

who got shot got in a car accident had a

play03:05

weird brain cancer I've had all of those

play03:07

things happened to people that I went to

play03:08

high school with in one way I think it's

play03:10

a little bit arrogant to assume that

play03:11

you're just going to live because it

play03:13

means you can waste your life and I I

play03:14

wholeheartedly stand against that the

play03:16

second translation around that that I

play03:18

think has hurt a lot of people is that

play03:20

they can do what I would consider

play03:22

dead-end jobs and that means jobs that

play03:24

don't have any direct correlation to

play03:27

your personal growth has nothing to do

play03:28

with pay you can work for free and grow

play03:30

more than anyone else this is not saying

play03:32

that you need to go into a season of

play03:33

earning in your 20s but you do need to

play03:36

be setting yourself up for growth in my

play03:38

opinion if you want the big ultimate

play03:40

outcome and so most people that at least

play03:42

consume my stuff they want to be better

play03:45

they want to grow they want to get in

play03:47

better shape they want to have better

play03:48

relationships they want to have a better

play03:49

business they want to be you know bigger

play03:50

in every way they want to expand if you

play03:52

spend the decade of your 20s not growing

play03:56

and not investing in your skills and

play03:58

your education if if you do that in your

play04:00

30s you're going to be further behind

play04:01

than someone who starts in their 20s

play04:02

you're going to be a decade behind you

play04:04

know nowadays there's kids who are

play04:05

starting the entrepreneurial Journey

play04:06

when they're like 13 and so when they're

play04:07

23 they're Mr Beast he's young but he's

play04:10

actually pretty old in business terms CU

play04:13

a lot of people start their business

play04:14

journey in their mid-40s and so if

play04:15

they're 50 years old and started their

play04:17

business 5 years ago Mr Beast has twice

play04:19

the amount of time in the ring under the

play04:21

bar that they do for me I want to start

play04:24

my time clock on paying down my

play04:26

ignorance debt as fast as seemingly

play04:28

possible because the debt is a constant

play04:29

for everyone all of us are trying to pay

play04:31

down that debt as fast as we can and

play04:32

taking a decade arguably one of the most

play04:35

productive Decades of your life and not

play04:37

paying down that debt you just sit in

play04:39

such a deficit compared to your peer

play04:41

group some people might watch this and

play04:42

be 30 or 40 or 50 and be like well [ __ ]

play04:44

I took the wrong advice from the wrong

play04:46

guy guess what you're going to die it's

play04:47

not going to matter anyways big deal

play04:49

whatever the best time to do this was

play04:51

start when you were 10 and get born to

play04:53

an entrepreneurial parent who got you in

play04:54

their small business and invested in all

play04:56

of your education as a homeschooled

play04:57

student and taught you all the ways of

play04:59

of the of the

play05:00

Jedi but you probably didn't have that

play05:03

and so the second was time is to start

play05:04

now because let's play out the

play05:05

alternative how much does it serve you

play05:07

to just say I guess I have no chance

play05:10

okay die there's nothing left for me to

play05:13

do I will relinquish the remainder of my

play05:16

living days and years because I choose

play05:18

to lose and that's a choice and if you

play05:19

want that that's cool the idea of

play05:21

quitting simply because you're older

play05:23

because you didn't do something

play05:25

everybody doesn't do things that they

play05:28

know they should be doing now and that's

play05:30

because you're always going to know more

play05:32

in the future than you do in the past

play05:34

and so it's a faulty premise to say that

play05:36

I'm not going to take action today

play05:38

because I didn't know something in the

play05:40

past everyone doesn't know anything in

play05:42

the past but all you can do is take

play05:43

action with what you know today and by

play05:45

taking action you have learned and so

play05:47

you actually take one step to making

play05:49

your first payment on ignorance debt

play05:51

through actions not words I mean I think

play05:53

a lot of people know the story of the

play05:54

30-year-old Barista if you love that

play05:57

then do it you know what I mean like I

play05:58

have no judgment on what you do do if

play06:00

you don't love that and you wish you

play06:02

were doing something else that's what I

play06:03

would say I have a problem with which is

play06:05

why are you not doing it and I think

play06:07

diving into that which is usually some

play06:08

sort of fear some sort of anxiety some

play06:10

sort of label that they believed that

play06:12

isn't true from someone else and just

play06:14

trying to Zone in on like why am I not

play06:16

doing it and taking two steps closer to

play06:18

it not just like because I don't know

play06:20

what I'm doing well duh okay neither

play06:22

does anyone what are you doing about

play06:23

that just defining it to what actions am

play06:25

I going to take as a result just makes

play06:26

life a lot easier what does figured out

play06:27

mean it means that I'm going to read 2

play06:29

hours a night on a specific subject

play06:31

until I feel like I can make a decision

play06:33

within 30 days on what I'm going to do

play06:35

great that is something I can do and I

play06:36

can measure whether I did it or

play06:38

not you have seasons of earning and you

play06:40

have seasons of learning I had this kid

play06:42

who reached out he was 18 years old said

play06:44

he was going to edit videos for us when

play06:46

he came in he said I want $100,000 a

play06:50

year as an editor as a starting job his

play06:53

reasoning was that somebody else had

play06:55

offered him that amount of money I want

play06:57

to make this statement because I think

play06:58

it's logic iCal and also stupid if

play07:00

you're optimizing for your earning

play07:02

potential in your 20s you're missing the

play07:05

[ __ ] point this individual had the

play07:07

potential to be on a team that has a

play07:09

massively globally recognized brand in

play07:12

terms of media and from there learn how

play07:15

to be way better than they currently are

play07:17

and then become a creative director at

play07:19

another company or at one of my

play07:21

portfolio companies like that is the

play07:22

career path and instead was comparing

play07:25

that to something that you would make

play07:26

$100,000 a year and be the only person

play07:28

in the depart department and no one

play07:30

there knew anything about media and so

play07:32

he wasn't going to learn he was going to

play07:34

earn whereas somebody who got into the

play07:37

big leagues and learned 10 times the

play07:39

skill set then 10 years later is either

play07:42

starting a multi-million dollar company

play07:44

or heading up a multi-million dollar

play07:46

division in a billion dollar company and

play07:48

the potential is so much wider because

play07:50

10 years from now someone says what's

play07:51

your experience it's like well I I

play07:52

worked at a real estate firm and I made

play07:54

their social media content who gives a

play07:56

[ __ ] whereas if you're like I work for

play07:58

one of the biggest media companies out

play07:59

there everyone will give you the job

play08:01

offer and that is when you can choose to

play08:03

earn over learn but people make the

play08:05

trade too soon because they compare

play08:07

themselves to people on social media and

play08:09

think that the

play08:11

.1% is the norm whenever you choose to

play08:14

earn rather than learn you're right

play08:16

hooking life and saying I'm no longer

play08:17

going to develop and this is good enough

play08:19

and so if $100,000 a year is actually

play08:21

good enough for your long-term goals

play08:22

then do it but I would imagine that it

play08:23

probably isn't for what you really want

play08:25

to do long term and I'm using 100 you

play08:27

know six figures as a as a placeholder

play08:28

it can be whatever number you want when

play08:30

you make that decision that you're no

play08:31

longer going to learn that's when you

play08:32

stop growing your potential to learn

play08:34

more I say this because that's what I

play08:35

did I had a white Coller consulting job

play08:38

for defense Contracting I had a top

play08:40

secret clearance I had everything that

play08:41

looked good on paper space I

play08:42

intelligence I had a two to threee path

play08:44

clearly for for getting an MBA at an IV

play08:47

League school and then decided to drop

play08:49

all of that and start working for $13 an

play08:51

hour at a gym after I graduated magn

play08:53

klady in 3 years from banderol I know

play08:55

what I'm asking people to do and I'm not

play08:57

asking them to do something that I

play08:58

wasn't willing to do and I think that I

play09:00

might have even a more extreme version

play09:01

that most people are having to live with

play09:03

trying to say like well I can't figure

play09:04

out what I want is a really paralyzing

play09:07

place to be that I think a lot of young

play09:09

people are in is like I want to find my

play09:10

passion but the big misnomer is actually

play09:13

a language issue which is that people

play09:15

say they want to find their passion

play09:16

rather than they want to build it or

play09:17

create it or learn it and so like I can

play09:19

promise you that if you're good at

play09:20

something you'll like doing it and the

play09:21

only way that you get good at something

play09:22

is by doing things you suck at and doing

play09:24

a lot of

play09:25

it so let's say you make $50,000 a year

play09:28

it cost you $950,000 a year not to know

play09:31

how to make a million do a year so how

play09:34

much is that education worth answer the

play09:37

difference the difference between $1

play09:39

million and $50,000 which is $950 Grand

play09:43

if you learn how to make a million the

play09:45

education is worth the difference this

play09:47

is why education and information are the

play09:49

most valuable things that we can know

play09:51

Elon has like lost everything and then

play09:53

gain it back so many of the best off

play09:55

Runners have stories where they lost it

play09:56

all and then gain it back and so how is

play09:58

it that they can go to to zero back to a

play10:00

billion where somebody starting at zero

play10:01

can't get there because they didn't lose

play10:03

the education they didn't lose the

play10:04

learnings they had a bad role and

play10:07

sometimes in business you do make bets

play10:09

on markets and sometimes they don't

play10:10

shape up but you didn't lose and a lot

play10:12

of times you actually gain in experience

play10:15

so that the next bet pays off even

play10:16

bigger everyone gets this wrong the most

play10:19

expensive thing you ever pay for isn't

play10:21

your car it isn't your house it isn't

play10:23

your insurance it's the information that

play10:25

you don't know but should I mean how

play10:27

many things can you think of right now

play10:29

that if you knew 10 years ago would have

play10:31

materially changed your financial

play10:32

outcome your relational outcome your

play10:34

physical outcomes probably a lot what is

play10:36

the value of that information borderline

play10:39

Priceless and so the idea that we

play10:40

wouldn't invest in paying down that debt

play10:43

of ignorance that we owe the universe is

play10:45

just because we don't know who we're

play10:47

paying the check to every month for the

play10:49

things that we don't know that we don't

play10:51

value it appropriately the cost of

play10:52

success is the years of feeling like an

play10:55

idiot for things that you should have

play10:56

known by now all the the decisions that

play10:58

I made up to to this point led me to

play10:59

hear and I don't regret my life so I

play11:01

don't regret not knowing I mean if I

play11:03

started over I'd be wealthier than I am

play11:04

now you know what I

play11:06

mean I can't go back in time but if I

play11:08

could go back in time to talk to my

play11:10

20-year-old self and it wouldn't change

play11:11

the outcome of my life now cuz I would

play11:13

never roll that dice is I would say

play11:14

there's two things that you don't

play11:16

understand that will massively change

play11:17

your life you don't understand brand and

play11:18

you don't understand product because I

play11:20

was obsessive in my 20s on sales and

play11:24

marketing and what I would consider fast

play11:26

money I had fast feedback loops so I

play11:28

would I get better at sales and then I

play11:30

immediately make more sales I get better

play11:31

marketing immediately make more money

play11:32

and so I had this very fast feedback

play11:33

loop that gave me the misinformation or

play11:36

the false belief that this was the right

play11:38

path but I was actually just playing the

play11:40

wrong game because it's kind of like in

play11:42

The Matrix when Neo says to morphus so

play11:45

you're saying when I'm fast enough I'll

play11:47

be able to dodge bullets and he said no

play11:48

I'm saying when you're ready you won't

play11:50

have to me being obsessive about sales

play11:52

and marketing was me trying to get

play11:54

faster and faster in the Matrix and not

play11:57

being the one and seeing the code for

play11:59

what it is which is that if you make a

play12:01

product that's good enough people will

play12:03

do the marketing and sales for you if

play12:05

your brand is strong enough people will

play12:07

make the association that they want to

play12:09

buy your stuff regardless of how good

play12:11

your copy and your headline and your

play12:12

landing pages and your conversion rate

play12:14

optimization and your media buying are I

play12:16

kept getting really good at a game that

play12:18

if I knew how to master the big things

play12:20

that mattered would make those skills

play12:22

almost irrelevant when $100 million

play12:23

offers came out the book I didn't make

play12:25

it for anything I made it for me and it

play12:27

was originally intended to be an

play12:28

internal document and so I just wanted

play12:29

to make it exceptional and what happened

play12:32

once I released it is what shocked me

play12:33

the most was that I posted once and I

play12:36

just said hey I wrote this book I hope

play12:37

you guys like it and then we sold out in

play12:39

minutes and I was like that's weird the

play12:40

next month more copies sold and then the

play12:42

next month more copies sold and then the

play12:43

next month more copies sold and it's

play12:45

continued to sell more copies month

play12:46

after month after month for 2 years and

play12:48

it's still number one in its category on

play12:49

Amazon and that was with zero paid

play12:52

marketing purely off of people telling

play12:54

people about the book and so when I saw

play12:56

how much leverage that was that that

play12:58

book sells thousands a day not dollars

play13:01

thousands of copies a day I have never

play13:04

marketed anything well enough to sell a

play13:06

thousand customers a day now mind you

play13:09

I've always had more expensive stuff

play13:10

that I've sold but like I'd never seen

play13:11

that kind of transaction volume and the

play13:13

only way to get that kind of transaction

play13:14

volume is to have a huge amount of

play13:15

Leverage The Leverage that product

play13:17

unlocked for me or that understanding

play13:19

was that if you make it good enough and

play13:21

I love this saying which is there's too

play13:23

big to fail and I love the other which

play13:24

is too good to

play13:25

fail my headline for $100 million off

play13:28

offers makes no sense no one knows what

play13:30

$100 million offers is and it's just

play13:31

like a picture of a $100 bill it's a big

play13:33

purple book like it actually makes no

play13:35

sense but the contents of the book were

play13:36

valuable enough that people were like

play13:38

just just read it and they said it so

play13:40

many times to so many people and most

play13:42

people who when I see the comments and I

play13:44

see the reviews they say I had four

play13:46

different people in the same month tell

play13:48

me in different groups that I should

play13:50

read this book so I decided to do it

play13:51

even though it looked hokey and oh my

play13:53

God this thing is unbelievable and then

play13:54

they tell 20 people or 100 people that

play13:57

was when I realized how much Leverage

play13:58

spending more time upfront on building a

play14:00

better product would unlock for me what

play14:03

I used to do was spend 2 months building

play14:04

a good product and spend two years

play14:07

marketing that product with great

play14:08

marketing rather than spending two years

play14:11

on a great product and then for the rest

play14:13

of my life not having to spent any

play14:15

dollars or effort on marketing so that

play14:17

it would sell again and again and again

play14:19

because of the quality of the product

play14:21

itself and so that was the first lesson

play14:24

that my younger self needed to

play14:26

understand about business and the level

play14:28

of detail that it takes to go from good

play14:30

to Great is so much wider than people

play14:31

think it is the difference between an

play14:33

eight and a nine is 10 times the wor the

play14:35

difference between 9 and 9 and a half is

play14:36

10 times the work the difference between

play14:37

9 and a half and 9.75 is another 10

play14:39

times the work it's so much more effort

play14:41

and honestly when I was younger I

play14:42

couldn't even comprehend the amount of

play14:44

work that I can do now and for me that

play14:45

amount of work is the amount of unbroken

play14:48

Focus time that I can stick with one

play14:49

task I did not have that level of focus

play14:51

I didn't have a strong enough no muscle

play14:53

I didn't know how to turn down other

play14:55

things that would distract me for long

play14:56

enough if you can count in terms of

play14:58

hundreds like I can promise you if you

play14:59

put a th000 hours into something it'll

play15:01

probably be pretty good and most people

play15:03

spend like a 100 hours on something or I

play15:05

mean that's [ __ ] most people spend even

play15:07

less than time than that you start a

play15:08

clock when you start working you stop a

play15:10

clock when you stop working you spend

play15:11

1,000 hours or 2,000 hours on something

play15:13

there's a level of detail because of the

play15:15

number of exposures you'll get to it the

play15:17

crispy details of the product or the

play15:20

service that can only come from looking

play15:22

at that thing when it's cold looking at

play15:24

thing when it's hot looking at it when

play15:26

you're angry looking at it when you're

play15:27

sad looking at it when you're inspired

play15:28

looking at it when you're bored you see

play15:30

it with different lenses and then what

play15:31

happens is it just gives you so much

play15:33

more depth and context to whatever

play15:35

you're trying to build that that's the

play15:37

difference between mediocre products and

play15:38

excellent products and it just takes

play15:39

time in an ocean of volume which there's

play15:43

more commoditized products and services

play15:45

today than ever before there is outsized

play15:47

returns to being number one it is an

play15:49

even bigger win or take all market now

play15:51

than it ever has been because of social

play15:53

media and the ease of letting other

play15:55

people know about stuff if you are truly

play15:57

the best everyone will know and if

play15:58

everyone knows you are the best you will

play16:00

have more demand than you can possibly

play16:01

deal with people think the word of mouth

play16:02

is dead when there's literally never

play16:04

been an easier way to go viral in a

play16:06

literal sense from people telling other

play16:08

people about

play16:09

stuff I said the second lesson was brand

play16:12

and so I had to look at a company or

play16:14

brand as a learning tool as what are

play16:19

people going to learn to associate my

play16:21

brand with the tangible and the

play16:23

intangible ideas there are many people

play16:25

that I associated with when I was

play16:27

younger that I would never associate

play16:28

with today even though I would say well

play16:30

I don't act that way I don't live my

play16:32

life the way they live their lives

play16:33

people would still make that Association

play16:35

if I did nothing but talk with porn

play16:36

stars on my show people would still make

play16:38

a very different association with me and

play16:40

so I want to embody certain values that

play16:45

I want my brand to associate with and

play16:47

anything that is not those things by

play16:50

default detracts from it because it

play16:51

dilutes the association branding is like

play16:54

curating a garden where pretty much

play16:55

anything but the flower that you're

play16:57

trying to grow there is a weed

play16:59

even if it's a daffodil even if it's a

play17:00

sunflower even if the flower itself is

play17:02

fine like I said I have no issues with

play17:03

porn I think it's a sunflower whatever

play17:05

but if I'm trying to grow roses that

play17:07

anything that's not a rose doesn't

play17:08

belong being so Vigilant about defending

play17:12

that Garden of Association and

play17:14

reputation gives you so much leverage

play17:16

because the reason Warren Buffett now

play17:17

can just do deals that no one else can

play17:18

do is because his handshake means more

play17:20

than the US governments if he says he

play17:22

will pay we know he will pay if he says

play17:25

he will be there to ensure your entire

play17:27

city we know he will he can do a deal on

play17:30

a one-page agreement for billions of

play17:32

dollars because people trust and they

play17:34

know that his reputation matters more

play17:35

than anything to him and so trust is

play17:38

leverage for deals it's leverage for

play17:40

sales the first experience I had with

play17:42

having a strong brand was when we were

play17:44

probably a year year and a half into gym

play17:46

launch I launched what would become

play17:48

Allen my software project and when

play17:50

people heard I had launched a new thing

play17:53

the clients that I had were sending

play17:55

screenshots of their credit cards to my

play17:58

C customer support team saying I don't

play17:59

know what it was but if Alex made it

play18:01

I'll buy it and so all of the ideas and

play18:04

the obsessions around how it was going

play18:05

to Market it and how I was going to

play18:06

position it the thing that mattered most

play18:09

was what they had already received from

play18:10

me and how much I had delivered on my

play18:12

first promise and so when I realized

play18:15

that I was like all of this sales and

play18:16

marketing stuff gets you one sale

play18:18

delivering exceptional product an

play18:20

exceptional reputation around your

play18:21

products gets you every other sale after

play18:24

that and you will always be able to sell

play18:26

the next thing provided you delivered on

play18:28

the first thing and that's where there's

play18:30

this obsession with marketing because

play18:31

there's always more people to sell to

play18:32

it's a very in my opinion tiring life

play18:35

you always have to go get new customers

play18:37

if you make sales to get customers

play18:39

rather than get customers to make sales

play18:42

you make the customer the goal and then

play18:44

you get to keep that relationship and

play18:46

then next year you still have that

play18:47

customer if you got a customer just to

play18:49

make a sale you have to go get another

play18:50

customer to make another sale next year

play18:52

but if you make a sale to create the

play18:54

relationship of the customer then next

play18:55

year that customer will buy again and

play18:57

the new customer will buy bu and the

play18:59

third year you get the first two years

play19:01

and the Third customer and then that is

play19:02

how you create a compounding vehicle and

play19:04

so both of those things brand and

play19:05

product are actually underlying one

play19:08

concept now that I'm saying it out loud

play19:09

which is I didn't understand compounding

play19:12

I thought that it was normal to have to

play19:13

go out bang doors call phones DM run ads

play19:16

to get customers every single month and

play19:18

that next month I'm going to have to get

play19:20

another 20 just to keep the lights on

play19:22

rather than having spent more time on my

play19:24

reputation and the quality of my product

play19:26

so that when I sold the first they would

play19:28

never leave again and then they would

play19:30

send me the next 100 and I wouldn't have

play19:32

to do anything and then I would be able

play19:33

to fend people off and then I'd be able

play19:35

to raise my prices and be able to take

play19:36

people on my terms but I didn't

play19:38

understand any of that and part of that

play19:39

is because I wanted money so fast and

play19:42

building a great product takes longer

play19:43

building a great reputation literally

play19:45

never stops until the day you die

play19:46

leaning into that lesson you know the

play19:49

first book I launched and I think it did

play19:51

two or 4,000 copies sold its first month

play19:53

something like that you know the second

play19:55

book that launched 2 years later sold

play19:57

250,000 copies cop in its first month

play19:59

which for context the average New York

play20:00

Times best sell ourselves between 10 and

play20:02

100,000 in its first 12 months and we

play20:04

sold 250 in the first month the only way

play20:06

that that can happen is if the people

play20:08

who bought the first book buy the second

play20:10

book and everybody they tell also buys

play20:13

and that book still continues to sell at

play20:14

twice the rate of my first book

play20:17

today here's how to spot friends that

play20:19

are worth cutting they only talk about

play20:22

your past not your future so if you go

play20:24

and you hang out with your buddies and

play20:26

all they can really reminisce with you

play20:27

on is the things that you did together

play20:29

but none of them are talking about what

play20:30

they're going to do or what you're going

play20:31

to do for me that's a Telltale sign that

play20:34

they're living in the past they're not

play20:35

even living in the present their best

play20:36

years are behind them and for most of us

play20:38

we want our best years to be ahead of us

play20:40

and we want somebody who's also looking

play20:41

at the same goal as us which is growth

play20:43

which is moving forward just making

play20:45

progress if you are a growth oriented

play20:47

individual and you feel like you're not

play20:49

sure about your environment or if it's

play20:50

conducive the easiest liment test is who

play20:53

talks about the future and who talks

play20:56

about the past keep the ones who only

play20:57

talk about the future future cut the

play20:58

ones talking about the past the best

play21:00

thing that I ever did was not listen to

play21:02

other people's opinions about my life

play21:04

they don't want the best version of you

play21:06

they want the version of you who best

play21:07

serves them now when I first said this I

play21:10

got Flack from a bunch of parents they

play21:13

were like I really want the best for my

play21:14

kids I was like that's not true you want

play21:18

a version of your children who serves

play21:21

what you think will make you look the

play21:23

best family I would say more often than

play21:25

not has a closer alignment with your

play21:28

long-term goals than strangers do and so

play21:30

it makes sense that family would have

play21:32

more aligned interests but not

play21:34

completely aligned interests with you

play21:35

cuz the only person who has a completely

play21:36

aligned interest with you is future you

play21:38

keeping that as the litmus test of whose

play21:40

opinion I'm going to listen to although

play21:41

it's more difficult has ultimately been

play21:43

very fruitful for me because if you're

play21:45

looking at two even two parents you can

play21:47

disprove that concept by saying okay

play21:49

well both parents want different things

play21:50

for me of the things that both parents

play21:52

want which of the things help each of

play21:54

the parents individually out cu I can

play21:56

promise you that the thing that one

play21:57

parent wants doesn't hurt them and help

play21:58

the other parent if they disagree it's

play22:00

usually something that's more aligned

play22:02

with their worldview their beliefs or

play22:03

what they will get status from in their

play22:05

Community for you doing and so all of

play22:07

the things I just described have nothing

play22:09

to do with you so why consider it I'll

play22:11

say this upfront I hate why questions

play22:13

cuz who knows why but I would say that I

play22:15

if if I had to make a guess on why we

play22:18

care about other people's opinions it's

play22:19

because we've learned to care about

play22:20

other people's opinions and when we're

play22:22

children we learn to orient ourselves to

play22:24

the world through other people telling

play22:26

us what is what literally when you're a

play22:28

kid you point and then you say what's

play22:30

that and then they say this and so you

play22:33

have to listen to other people on the

play22:35

way up the problem is at some point you

play22:37

have to turn it off and say you know

play22:38

some of the people I was listening to

play22:39

had no idea what they were saying but

play22:41

you don't know they have no idea because

play22:42

you don't have a context to make a

play22:43

judgment you have to learn to become

play22:45

human and then you have to learn to

play22:46

become yourself and I think that at that

play22:48

Turning Point you then have to analyze

play22:50

the beliefs that you've been given and

play22:51

then keep the ones that you choose most

play22:54

parents are risk averse rather than

play22:57

risk-taking for for their children so

play22:58

like we are willing to take more risk

play22:59

for ourselves often times than our

play23:01

parents are willing to take on our

play23:02

behalf and I think that's normal they

play23:03

want to like keep you alive there's a

play23:04

lot of evolutionary Drive behind that

play23:05

and so they're playing not to lose but

play23:07

if you want to play to win then you have

play23:08

to take different bets I think a lot of

play23:10

younger people get really confused

play23:11

because they spend a lot of time talking

play23:12

about ideas and very little talking

play23:14

about doing actions and so if you just

play23:17

Define the World by only things that

play23:19

occur in it and not things that occur in

play23:21

your mind there's a lot less noise and

play23:23

so it becomes easier to see the farest

play23:25

from the trees let's say I have an

play23:27

employee and I want I hop on a

play23:28

one-on-one and they said something in a

play23:29

meeting before and I say I think the

play23:32

intention behind your statement was that

play23:33

you wanted me to do this and this is how

play23:36

I was feeling about your statement and

play23:38

this is probably where you were feeling

play23:40

everything I just said is a complete

play23:41

waste of time because all I know is that

play23:43

they said this and so just focus on the

play23:45

facts and if you can do that it actually

play23:47

makes living life a lot easier or

play23:49

navigating life a lot easier at least it

play23:50

has for me because those are the only

play23:53

objective truths an easy frame for that

play23:55

is like would it be admitted to a court

play23:57

at as evidence you saying you were

play23:59

offended is not evidence John said this

play24:01

to Sally these words that's evidence

play24:03

indisputable and so just look at the

play24:05

things that are Beyond reproach look at

play24:06

the things that are indisputable look at

play24:08

the things that are facts that are

play24:09

observable and the world gets a lot

play24:11

quieter and you also realize that most

play24:12

people are full of [ __ ] and don't know

play24:13

what they're talking about I mean if

play24:15

someone was like hey Alex why did you

play24:17

get into business I could make up an

play24:18

answer it just how do we know it's true

play24:20

trying to figure out someone's intention

play24:21

is [ __ ] if someone ask me why did

play24:24

you get into business I can make up an

play24:26

answer anyone can make up an answer why

play24:28

do you like making money why do you like

play24:30

sales why do you like marketing why are

play24:31

you good at this I can make up any

play24:33

answer all I know is that these things

play24:35

have occurred and so we can look at my

play24:38

actions and we can look at the results

play24:39

the rest of it of which which had what

play24:42

influence on what like I can't relive my

play24:43

life and I can't run the experiment and

play24:45

so trying to determine why like was it

play24:46

because my mom didn't hug me was it

play24:48

because my dad hugged me too hard who

play24:49

knows I can give anyone and someone will

play24:51

nod and say great because we've trained

play24:52

ourselves to say to answer when someone

play24:54

says why do you do that you give them

play24:55

words and they nod and say oh that's

play24:56

interesting but like it doesn't does

play24:57

mean it's true and so I just try and

play24:59

skirt the whole conversation because

play25:01

there's no point so when someone's like

play25:03

well I'm the type of person who I'm like

play25:05

just stop then they start using this

play25:07

label to decide whether or why they can

play25:10

or can't do something I wouldn't be

play25:12

successful with that cuz I'm a KN freak

play25:13

why because you take trash out of your

play25:16

car regularly why does that have

play25:17

anything to do with whether you could do

play25:18

this or not I used to think and told

play25:21

people I was bad at math until I was 25

play25:23

post College post consulting job all of

play25:25

it and then I decided that I was not

play25:27

going to be bad at math and so I was

play25:29

like okay well I'm not going to use a

play25:30

calculator and so then I started getting

play25:32

better and better at doing math problem

play25:34

and then lo and behold uh when I took

play25:35

the GMAT I was like okay I have to study

play25:37

twice as hard for the math section and I

play25:39

did just as well on the math section as

play25:40

I did on my verbal but my whole life I

play25:43

had said I was bad at math and so I

play25:45

didn't study as hard because I was bad

play25:46

at it everyone who's listening to this

play25:48

has something they say about themselves

play25:49

they're like I'm not organized I'm an

play25:51

early bird right like we have these

play25:53

labels we give ourselves but like why do

play25:54

we have these labels like if you needed

play25:56

to wake up early [ __ ] wake up early

play25:57

if you need to stay up late you stay up

play25:59

late the labels change our Behavior more

play26:00

than we change the labels I really abhor

play26:03

labels overall because I feel like it

play26:04

limits my action when I get on podcasts

play26:07

and I have talks and people try and

play26:08

label me you'll probably actively see me

play26:10

break the label almost every time

play26:12

because I'm really aware of it and a lot

play26:14

of people aren't and I don't think

play26:15

people do it on purpose in a bad way I

play26:17

just think that they will speak things

play26:19

over you which is why I hate going home

play26:20

because no one speaks [ __ ] over you more

play26:22

than your family and the people who knew

play26:24

you in high school Alex has always had a

play26:25

short temper you you're a hotthead

play26:27

literally people from home describe me

play26:28

that way I was like I don't think I'm a

play26:29

hotthead they will say that and then I

play26:32

feel like I have to really put up my

play26:33

mental like defenses to be like this is

play26:36

not true here is the evidence that this

play26:37

is not true what would a hothead do in

play26:39

these scenarios that is not the way I

play26:40

behaved therefore right and i' have to I

play26:42

have to basically unwind that [ __ ]

play26:44

whenever I go there and so that is why

play26:46

I've been an advocate of like if you

play26:48

want to change your behavior change your

play26:49

environment because they're not going to

play26:49

reinforce labels that you then also

play26:51

perpetuate in your own mind by the

play26:53

actions you take as a result and the

play26:55

only reason they want to label is

play26:56

because it's shorthand for other people

play26:57

to understand not cuz it's true they

play26:59

just want to say he had a bad shot and

play27:01

so they take your whole life and they

play27:02

just say bad that's not true there's

play27:04

more Nuance to it I prefer to think of

play27:06

ideals and think of taking steps towards

play27:08

those ideals and since ideals are not

play27:09

binary of like he is courageous or he is

play27:11

not courageous but how courageous is he

play27:13

or how patient is he not impatient or

play27:15

patient but how much then I know the

play27:17

values that I want to embody and then I

play27:20

just take steps towards those every day

play27:21

with the actions I take and so if I'm

play27:24

deciding do I want to take this action I

play27:25

say which action aligns most with the

play27:27

values that would have EMB body and then

play27:28

I try to do that so rather than being

play27:30

like Alex is patient i' be like Alex

play27:32

attempts to act in accordance with the

play27:34

value of patience and sometimes fall

play27:36

short but dries his Darkness

Rate This

5.0 / 5 (0 votes)

Related Tags
Личностный ростБизнес-стратегииПроизводительностьСаморазвитиеКарьерный ростМотивацияУспехОбучениеПредпринимательствоЖизненные цели
Do you need a summary in English?