The Time I Felt the Richest
Summary
- My most significant personal financial milestone was the first $100,000 in cash because it represented a 100x increase in my liquid net worth.
- The jump from $1,000 to $100,000 felt bigger than any subsequent increases in my wealth, including reaching a million dollars a few months later.
- Hitting that first $100,000 made me feel wealthier than ever before, and that feeling hasn't been surpassed since, even with larger amounts of money.
- For those who think accumulating that first large sum is impossible, it's true that the first $100,000 is the hardest to earn because you lack leverage at that stage.
Video
How To Take Action
To hit your first big financial goal, start by understanding that the first $100,000 is quite special. It's going to take work because you don't have much to make it easier for you yet. But trust me, that jump from a smaller amount to $100,000 is a game-changer. So, how do you get there?
First, focus on what you can control, like your spending and saving. Cut down on unnecessary expenses and start putting money away. Every little bit counts. Next, look for ways to increase your income, without needing a lot of money or time. This could be a side hustle, learning new skills, or selling things you don't need.
The goal is not just to make money, but to keep it and grow it. That means being smart with your cash. Avoid debt that doesn't help you grow. Invest in things that will make more money over time. Think about things like stocks, real estate, or starting a small business.
Remember, it's not about the amount of money you make, but the amount you save and invest. And always be on the lookout for ways to use your skills and resources to create more value. This could mean offering a service, creating a product, or improving something people already use.
Keep pushing, even when it's hard. Each step you take builds up to that first $100,000. And once you reach it, you'll feel amazing. It's a big sign that you're on the right track to even bigger things. Keep going, and don't give up.
Quotes by Alex Hormozi
"I want to share something personal with you"
– Alex Hormozi
"the most significant gain wealth I ever personally felt was my first $100,000 in cash"
– Alex Hormozi
"I've never had such a rapid change in my personal net worth as I did from $1,000 to $100,000"
– Alex Hormozi
"but that first 100 was still the wealthiest I ever felt"
– Alex Hormozi
"it is the hardest amount of money to make because you have no Leverage"
– Alex Hormozi
Full Transcript
I want to share something personal with you the most significant gain wealth I ever personally felt was my first $100,000 in cash and I think that for me was because it went from $1,000 to $100,000 so I had a 100x increase in my liquid net worth to date I've never had such a rapid change in my personal net worth as I did from $1,000 to $100,000 because after I hit my first $100,000 I hit a million dollar net worth liquid in my bank account like a few months after that but that first 100 was still the wealthiest I ever felt and so I'll actually never feel wealthier than I did at $100,000 but if you're in that situation where you're like man this feels impossible it is a it is the hardest amount of money to make because you have no Leverage
