A Season of Learning vs Earning
Summary
- Don't get hung up on the salary amounts like $50,000 or $70,000 per year; the difference won't matter much in the long term.
- Value the opportunity to learn from the best in the industry more than the paycheck.
- If an expert is willing to accept you, the price of learning from them is worth it, regardless of the cost.
- Consider an offer to work with someone like Elon Musk as an incredible opportunity, even if the pay seems low at first glance.
- Realize that obsessing over a higher starting salary, especially early on, can be short-sighted.
- Understand that accepting a lower salary to learn and gain experience can lead to greater success down the road.
Video
How To Take Action
I would suggest looking beyond just the paycheck when you're choosing a job or opportunity. It's not all about the money at first. If you're getting paid like $50,000 or $70,000 a year, that difference isn't going to change your life in the big picture. But what will change your life is learning from someone who's the best at what they do.
Here's how you can make this work for you:
- Make a list of experts in your field you admire.
- Research opportunities to learn from these experts, whether that's a job, internship, or mentorship.
- Don't fixate on the starting salary if an opportunity with an expert comes up. Think about what you'll learn.
- Apply for positions that offer the most learning, even if they don't pay the highest salary right away.
- When you weigh job offers, put the value of experience and knowledge you'll gain at the top of the list.
- Remember, working close to someone like Elon Musk could be worth more than a big paycheck now. It's about the doors it will open for you later.
- Have patience! It's not about making a few extra bucks today. It's about setting yourself up for huge success in the future.
The big idea is that if someone really good is willing to teach you, it's worth it, even if you're not getting paid a ton. It's like, if Elon Musk said, "Hey, come work for me," you wouldn't haggle over getting paid more right at the start. You'd jump on it because it's Elon Musk! Don't trip up over a bit of cash early on, when you could be setting up for big wins down the road.
Quotes by Alex Hormozi
"If you learn from one of the best in the industry at anything, you should be paying them"
– Alex Hormozi
"The fact that they will accept you at any price is worth it every time"
– Alex Hormozi
"It would be like me going to Elon Musk and saying hey I'll be your assistant or whatever"
– Alex Hormozi
"He offers me $100,000 a year and me being like I'll come for 200"
– Alex Hormozi
"That's the decision 20-year-olds make every day and wonder why they don't succeed longterm"
– Alex Hormozi
Full Transcript
you making 50 or 70,000 a year it makes no difference in the Long Haul but if you learn from one of the best in the industry at anything you should be paying them and the fact that they will accept you at any price is worth it every time it would be like me going to Elon Musk and saying hey I'll be your assistant or whatever and then he offers me $100,000 a year and me being like I'll come for 200 think about how stupid that is that's the decision 20-year-olds make every day and wonder why they don't succeed longterm