Why Billionaires Are So Humble (Most of the Time)
Summary
- Understanding humility is critical, even for those at the top of their game, like Jeff Bezos.
- Recognize that wealth has levels; for example, one billionaire's worth can equate to a hundred other billionaires or 100,000 millionaires.
- Keep in mind that having an ego can hinder growth because it creates a false sense of having "beaten the game."
- Always strive for improvement by acknowledging that there are always tougher challenges ahead, just like there's always a "harder boss" in games.
Video
How To Take Action
I would suggest starting with the mindset shift by practicing humility. This means no matter how successful you become, remember there's always more to learn and room to grow. It's like playing a game – you might have beaten a tough boss, but there's always a harder one ahead. Acknowledge your wins, but don't let them make you think you've mastered everything.
Recognize wealth as levels. This is important for motivation. Understand that even if you're doing well, there's someone else doing even better, which shows you can always aim higher in your business and personal finance.
To avoid ego stifling growth, make a habit of self-reflection. Ask yourself, "What can I do better?" This small routine won't take much time, but it can open up new opportunities for learning and expanding your business.
Then, focus on continuous improvement. Read books, listen to podcasts, or take courses that challenge your current understanding of your business and push you outside your comfort zone. Keep an eye out for low-cost or free resources first, especially if you're on a tight budget or schedule.
Finally, set tougher challenges for yourself. Even if they seem scary or hard, they're the "harder bosses" to beat. Without spending much, you can make these goals specific to areas you want to grow in, like improving customer service or learning a new skill relevant to your niche.
By acknowledging that there are levels to success and wealth, keeping your ego in check, and constantly striving for personal improvement, you'll be setting yourself up for continued growth. Each step, no matter how small, is an essential move towards beating the next "hard boss" in your game.
Quotes by Alex Hormozi
"Bezos if you've heard any of his interviews seems like a very humble guy"
– Alex Hormozi
"There's just levels to it"
– Alex Hormozi
"The moment you get to Ego is the moment you stop growing"
– Alex Hormozi
"Because you feel like you beat the level but you just keep repeating the level"
– Alex Hormozi
"There is a harder boss and they just haven't faced it yet"
– Alex Hormozi
Full Transcript
Bezos if you've heard any of his interviews seems like a very humble guy you could have a hundred billionaires in a room and he is worth the same amount as them each one of those billionaires is a thousand millionaires he's still worth the same amount as 100,000 millionaires there's just levels to it and I think the moment you get to Ego is the moment you stop growing because you feel like you beat the level but you just keep repeating the level rather than moving up because there is a harder boss and they just haven't faced it yet