5 Books that Turned Me Into a $100M CEO (In my 20’s)

Summary

• I always ask people questions and practice curiosity over judgment in social situations, as it makes people feel heard and valued. This approach has been beneficial in both my personal and professional life.
• Encouragement works better than criticism for motivating others. I've found that giving people the confidence they need can inspire them to improve and take action.
• Our circumstances do not dictate our feelings; it's our thoughts about those circumstances that do. This realization helped me to cope better with anxiety and stress by changing my perspective.
• Being comfortable with worst-case scenarios, such as the possibility of failure, can paradoxically empower us to take risks and pursue our goals with less fear.
• Self-awareness is key to managing oneself effectively. Understanding your own learning preferences, strengths, and weaknesses is crucial to success and attracting top talent.
• Rich people don't trade time for money; instead, they invest in becoming more valuable and use money to buy time. This insight encouraged me to invest in my education and skill set.
• Don't work for money, especially in your 20s; collect experiences and skills instead. This mindset shift led me to take jobs that offered learning opportunities over immediate financial gain.
• Fear of losing money can lead to poor financial decisions. I've learned not to fear losses but to accept them as part of the journey to success.
• Understanding that social media is a powerful tool for businesses helped me pivot my strategy and invest more time in learning about various platforms.
• Documenting rather than creating for social media allows you to share genuine experiences and expertise, leading to more authentic engagement.
• Applying the lessons from books into actionable habits is essential for them to be useful, which is why I focus on turning insights into my daily practices.

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How To Take Action

I would suggest practicing curiosity over judgment by asking people questions in conversations. When you meet someone new, focus on being curious about their story rather than talking about yourself. This will make people feel heard and interested in connecting with you.

Encouraging others works better than criticizing. If someone isn’t doing well, try giving them confidence. This can inspire them to believe in themselves and do better. Next time you want to help someone, use encouragement instead of criticism.

Remember, your thoughts about your situation shape how you feel, not the situation itself. Change how you think about things to manage anxiety and stress better.

Get comfortable with worst-case scenarios, like failure. When you accept the possibility of failure, you take risks with less fear. This can help you go after your goals more confidently.

Understand yourself to manage yourself well. Know your learning style, strengths, and weaknesses. This self-awareness will not only lead to personal success but will also attract great people to work with you.

Don't trade time for money. Instead, invest time in making yourself more valuable. Learn new skills and knowledge to buy time in the future. Collect experiences and skills rather than just money, especially in your 20s. These will be more valuable in the long run.

Losing money is part of the journey. Don't let the fear of loss control your decisions. Be prepared to accept losses as they come and keep moving forward.

Social media is important for business. Invest time in understanding different platforms and use them to share your knowledge and experiences.

Document your experiences on social media instead of creating content. Share what you're already doing and what you’re good at.

Finally, turn insights from books into personal habits. Apply what you learn to make them work in your life. It's not just about reading; it's about doing.

Quotes

"Curiosity over judgment"

– Leila Hormozi

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"Encouragement is always gonna work better than criticism"

– Leila Hormozi

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"Our circumstances do not dictate how we feel about ourselves"

– Leila Hormozi

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"Winners and losers have no different of circumstances, they just have different meanings they ascribe to those circumstances"

– Leila Hormozi

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"Rich people don't trade time for money, they use money to get more time"

– Leila Hormozi