7 Habits I Learned in my 20s That Made Me Millions [with Pace Morby]

Summary

• It felt terrible to quickly grow my company to $100 million net worth, but it's normal to experience discomfort on the road to success.
• Your friends and family may not understand your growth and that's okay; do it anyway to move forward.
• Investing in self-education is crucial; an infinite budget for learning correlates with infinite potential for earnings.
• Don't emulate everything from your mentors; learn specific skills from them instead and avoid taking their advice on everything.
• Success often involves much failure and it's important to remain humble no matter how successful you become.
• Be willing to let go of friendships that hold you back; surround yourself with people who support your growth and align with your future vision.
• Embrace uncomfortable emotions; they are common on the path to success and can push you towards progression.
• Find multiple mentors for different areas of your life; no single person is likely to be an expert in every aspect you need guidance on.
• Learn to be comfortable on your own; mastering loneliness can lead to a sense of internal peace and happiness.
• Be intentional with what you feed your mind; choose educational content over entertainment to foster growth.
• The art of self-discipline is key; work hard in the early stages of your life to make the rest easier.
• Avoid striving for balance if you are on a mission; aim for integration of work and personal life in a harmonious way that aligns with your life's mission.

Video

How To Take Action

I would suggest starting by letting some friendships go if they're holding you back. You wanna grow, so hang out with people who support you and share your dreams.

Another idea is to budget for learning. Spend money on books, courses, and learning instead of just fun stuff. Remember, the more you learn, the more you can earn! Even if you feel bad sometimes, that's normal when you’re working towards success.

Also, don't copy your mentors in everything. Pick up skills from them that you need, but don’t think they know everything. You can have different mentors for different things you wanna get better at.

Feeling lonely? Try to be okay with it. Loneliness can help you find peace and happiness inside yourself. When you're good being alone, you don’t always need others to be happy.

Watch what you're putting in your head too. Choose learning over TV or games. You learn and grow when you pay attention to good stuff, like helpful books instead of just scrolling through your phone.

And about self-discipline… It's important. Work hard now, like getting up early and pushing through tough times, so things can get easier later.

Finally, don't worry about balance too much. Instead, think of how you can mix your work and life in a way that feels good and helps you move forward with your mission. Balance might not make sense if you're really going for it – integration does.

So these are manageable steps. Start with one, like maybe learning more or changing your friends, and then keep adding more as you go. This way, you grow without getting too overwhelmed.

Quotes by Leila Hormozi

"Invest all your money into self-education; an infinite budget for learning will give you infinite potential for earnings"

– Leila Hormozi

"Just because you are learning from someone that doesn't mean they need to emulate their entire life"

– Leila Hormozi

"If you want to change your story, you need to get around people who don't believe your old story"

– Leila Hormozi

"It's your willingness to be uncomfortable that will progress you forward"

– Leila Hormozi

"Master the art of self-discipline; if you want the rest of your life to be easy, make the beginning of your life incredibly difficult"

– Leila Hormozi

Full Transcript

million so fast i'm like it felt horrible actually your friends and family will not understand and you should do it anyways by the age of 29 she had the net worth of 100 million dollars layla how are you doing today what's up i'm great your post the other day hit me at seven habits i learned in my 20s that made me millions invest all your money into self-education an infinite budget for learning will give you infinite potential for earnings what i never want to become is one of those people that it's like now i think i'm too good to learn from other people just because you are learning from someone that doesn't mean they need to emulate their entire life but it means there's some things that they are better at than me the phrase always sticks with me which is like nothing fails like success and you see it so often it's like people get really successful and they get this huge ego and the funny thing is i think it's actually going the opposite direction the more success that we've gotten the more humbled i have become because in order to attain that amount of success you have to fail a ton get smacked in the face feel the pain and i think there's just a lot of people out there that they would do better if they didn't think they were invincible it's kind of like in the war right everyone goes to war and then people ask them this is like an interview question right they say do you think that you're gonna die and then they say no i don't think i'm gonna die but i think johnny could die so i'm worried about john the same thing happens in business where people are like oh dude i'm not worried about running out of money oh dude i'm not worried about not knowing how to market oh dude i'm not worried about x y or z happening to me but i'm worried about it happening to my friend it could totally happen to me and i want to be prepared i've never stopped learning i don't want to we're not selling anything we don't have anything that we're trying to like ring our audience for and so because of that we're lucky because those people have wanted to help us just out of the goodness of their heart second thing be willing to let go of friendships that don't serve you just as crabs grow out of their shells you must shed your past to expand into your future if you want to change your story you need to get around people who don't believe your old story the biggest moments for me where things changed were when i either let go of people or i brought people into my life and i think it's the same with business actually i don't like saying people are toxic that's not something you'll ever hear me say because i don't believe that to be true you have to set boundaries in your own life there are people who in their presence it makes it much harder for you to succeed does that mean they're a bad person no does it mean that you should never talk to them again no not if you don't want to but it means that your relationship with them might have to change if you want to make it easier to succeed in another area you're succeeding in your comfortable friendships when you stay in that kind of like zone but it's like if you want to succeed in business or in improving your life or in your health or all these things then you want to surround yourself around people who are emulating that not emulating your past self the reason that so many people have a hard time letting go of family and friends in their mind it has to go perfectly and their friends and family have to understand or else they won't do it and the reality is that your friends and family will not understand and you should expect and think that it is normal for them to not understand and you should do it anyways the right kind of friends you want they talk about a shared future you're always talking about vision driving forward whereas the people that you probably don't want in your life they're constantly reliving the past because that's the only thing that's ever good for them you are not going to change them they cannot even change their selves why would you be able to change them say yes to everything despite being uncomfortable you can be afraid you can be anxious you can be anything but stagnant people see successful people and they assume that the anxiety the stress the frustration that they feel that successful person must not feel that my whole life people always labeled me anxious ocd this that stress bipolar like and i used to always think one those things are bad two that you shouldn't do things because you feel a certain way and then when i was about eight or nine years old stuff happened with my family and i really had to think about things myself and i saw where some people in my family went with like drugs and alcohol and really blaming their emotions from being in a room by myself and thinking myself i feel terrible you don't see me drinking and taking drugs and i'm nine years old and i have less life skills than this person who's like an adult i think that it's the culture and like the generation we've been brought up in which is like if you feel bad it's bad and it means stop or it's like actually our brains if we understand how they work are like 2 million years old you're not wired for success you're wired for survival a lot of the times on your way to success you feel these terrible feelings people ask how was it growing gym launch and like going to 100 million so fast i'm like it felt horrible actually like i felt that like not my stomach and in my throat like every day because there was so much pressure and it was new and i'd never done it before and i didn't know what to expect there's nothing wrong with those emotions and they are to be expected if you want to be successful successful people are just used to feeling that way and it's your willingness to be uncomfortable that will progress you forward find multiple mentors seek specialists for every area of your life it takes a village to actualize your potential i've always kind of gone with like i have a rolodex of people this is my finance person health person business scaling person does that mean that i need to learn everything from them no as hume is called like a hair stylist dilemma right we go to one person for one thing and we trust them so we asked about every other thing i've gotten mentors who are really good at one thing and then they've suggested how to run other areas of my life and it's actually run me into a wall because oh they actually suck at that there are some people out there who are great mentors they're also probably very old because in order to master all the areas of life you're usually much older and they have so much money that there's really not much you can offer them and they certainly don't want you to work for them for free when you have no skills get comfortable in isolation fighting loneliness brings pain mastering loneliness brings bliss when i was 22 i lived in a cabin in the woods i didn't have cell service in the cabin and the internet was like absolute crap and i lived there for six months i'd heard it so many times you know like as you're growing up and as you're going to college like you want to learn how to be by yourself and i think until you're in a spot where like you really have no human connection i learned to be by myself and just like accepting of my own thoughts and feelings when i am by myself irony of it is that once you're alone for like a week or two by yourself then it literally feels like nothing it's irrelevant truly after that experience i do not feel like i need other humans to survive and be happy be intentional with what you feed your mind trade social media for books trade netflix for courses intentionality creates exponential growth you only have so much attention and energy when you're getting started and you're trying to grow something from the beginning there are sacrifices that you have to make those things in small doses are okay the nuance is if some of those things give you back energy maybe you want to do them i think that a lot of people though use those tools instead of like recharging they use them to numb themselves or to avoid or to procrastinate so it's usually better to just like take them out as much as possible or limit yourself to a dosage of like i only do this for 30 minutes a day because in the beginning you're usually breaking a habit of using things around you to procrastinate you getting started from like building your business master the art of self-discipline if you want the rest of your life to be easy make the beginning of your life incredibly difficult get up early work long hours and face your problems head on most people are not on a mission and so because they're not on a mission they have to seek balance because it is respite from the things they hate doing if you're trying to create employees i would say send them to school and tell them they need to be balanced right i don't think about balancing my life because it's all meshed into one and i'm excited about the future it's like why would i want to balance that it's like you should go watch the movie i'm like i'm not tired i like the word integration which is everything is of one system it's usually others itself that are the conflict of balance when you see people are saying i need balance a lot of times they're actually not on the same mission together you don't need to be working together to be on the same mission together but life is a mission that you should be on together but i think if you're not on the same page with your spouse or with your friends in terms of what your life mission is then it feels like an imbalance i think a lot of the times it's just the symptom of a greater issue which is like you're not doing what you really want to be doing with your life