I emailed myself all of my failures for the last 5 years…this is what I learned..

Summary

• Document personal lessons and experiences by emailing yourself; this evolved into sharing thoughts on Twitter.
• Sold a majority stake in a software company after reaching $12 million in trailing 12-month revenue.
• Sold two-thirds of Gym Launch and Prestige Labs at a $46.2 million valuation, an all-cash deal without earn-out or seller financing.
• Published "100 Million Offers," a bestseller for eight straight months with nearly five thousand five-star reviews on Amazon.
• Grew social media followings significantly across multiple platforms with little initial knowledge.
• Earned $7-8 million in EBITDA from sources outside of business exits.
• Sold personal assets, including a Bentley and a personal home, and transitioned to leasing to reduce liabilities.
• Personal happiness and fulfillment are not solely dependent on financial success or others' recognition.
• The pursuit of legacy may be a flawed concept given that time diminishes the memory and impact of individual achievements.
• Establishing clear personal meanings and values is critical for a fulfilling life.
• Sold businesses and decided to donate wealth upon death, rather than accumulating for legacy or inheritance.
• Achieving and maintaining hard work and continuous learning as personal drivers rather than external rewards or recognition.
• Understanding the importance of willpower over intellect in entrepreneurship and valuing the journey of improvement.
• Adopted inverted thinking to solve problems more effectively, considering how to destroy something before identifying how to build or save it.
• Recognizing the necessity of financing customers can significantly improve sales in any sector.
• Focus on selling outcomes rather than the mechanics of service delivery to connect better with customers' desires.
• The importance of reading and extracting impactful lessons from select books rather than consuming large volumes without discrimination.
• Authenticity in social media content creation attracts a genuine audience and can fuel organic growth.
• Aligning social media strategies to each platform's specific formatting and audience expectations is essential for effectiveness.
• Transparency about intentions in content creates trust and better connections with viewers.
• Emphasizing scarcity and setting clear boundaries for products and services can lead to higher demand and customer satisfaction.
• Leveraging talent and trusting capable employees without micromanaging them is vital for organizational success.
• Focusing on hiring experts with proven skills can be more beneficial than training novices.
• Strategically managing time with a clear separation between creative work and meetings can enhance personal productivity.
• Continuously evaluating personal relationships and streamlining communication for positive experiences and reduced stress is beneficial for overall well-being.
• Measurement of success via multiple life domains, not just financial, leads to a more holistic and satisfying view of achievements.
• Setting attainable goals and consistently achieving them fosters momentum and long-term growth.
• Embracing contrarian investing and staying informed to make strategic financial decisions can lead to significant rewards.
• Specializing in domains of expertise for investments provides the opportunity for outsized returns.
• Leveraging collaboration, capital, code, and content is fundamental for scaling wealth creation.
• Recognizing and embracing periods of waiting as active decisions that can be valuable for strategic planning and long-term success.

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How To Take Action

I would suggest starting to document your personal lessons and experiences. It's simple to do. Just send yourself an email about what you learned or failed at. You might even share these thoughts online like on Twitter. It's low-cost and it helps you remember and learn from your experience.

A good way of finding happiness is to look inside and decide what's important to you. Don't worry too much about legacy. Time makes people forget others anyway. Think about what keeps you from giving up – that's your true meaning in life.

Try to learn something every day. It doesn't have to take much time or money. The act of learning itself can make you feel good and keep you driven.

If you can, sell things you don't need like fancy cars or big houses. Leasing can be better because it means fewer worries about stuff you own. Living with less can make you feel free.

Remember to focus on the journey, not just the end goal. The fun is in improving and working hard, not just the rewards you get at the end.

When facing a problem, try thinking backward. Ask yourself how you could make it worse, then do the opposite to solve it. This is a low-cost strategy that can make a big impact on how you solve problems.

If you have a service, sell the results people want, not just how it works. This connects better with what they really wish for.

Read books, but don't just read any book. Pick carefully and try to learn something that will help you. And when you share ideas, be real. Share what you know and what you truly think. This attracts the right people to you.

It's okay to say 'no' and limit how much you take on, whether it's work or meetings. Boundaries can make other people want what you offer even more.

Build a strong team by hiring skilled people and trusting them. Good employees are key to a business doing well.

Set reasonable, clear goals. When you keep meeting your goals, you feel good and keep growing.

Save your money for smart, long-term investments. Spread your bets across many things that you're good at. This will likely pay off more in the end.

And lastly, remember to wait sometimes. Not every action needs to be right away. Some things get better with time.

Quotes

"Entrepreneurship is a battle of will not intellect"

– Alex Hormozi

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"Only talk about stuff you know or that you have experienced"

– Alex Hormozi

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"In order to attract A-level talent, you have to have a level 10 opportunity"

– Alex Hormozi

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"Supply and demand drive price just so much"

– Alex Hormozi

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"The amount of money we make is directly proportional to the amount of leverage we are able to employ"

– Alex Hormozi