Why PRETENDING to be RICH will make you POOR..
Summary
- Don't "fake it till you make it"; it can compromise your self-respect and integrity.
- Having conviction in what you sell starts with being honest with yourself.
- Entrepreneurship is a personal development journey; your businesses reflect your internal growth.
- Live frugally and invest wisely; wealth is about having more in the bank, not showing it off with expensive items.
- Align your actions with your values, not what you think the world expects of you.
- Work through self-doubt by improving skills and gaining confidence through experience.
- Honesty resonates with people and helps build loyal relationships with customers and employees.
- Don't purchase expensive items you can't comfortably afford; wealth is a ratio, not just a number.
- Build your personal and public persona based on genuine achievements, not pretense.
- Telling the truth about your journey, including failures, gains respect and trust from others.
- Remember that wealth is achievable for most by living below their means and saving diligently.
Video
How To Take Action
A good way to start growing your business with honesty is to live by this simple truth: wealth is built not by how much you earn, but by how much you save. You can do this by creating a budget where you spend less than what you earn. This could mean living in a more modest home or skipping on expensive luxury items, even if you can afford them once. Remember, real wealth is having money in the bank and investing it wisely, not just showing it off.
When you face self-doubt, double down on improving your skills instead of pretending to be something you're not. The better you get at your craft, the more confident you become and the less you'll feel like an impostor. This is how you build genuine confidence and why telling the truth about where you are in your journey helps you gain more respect and trust from others.
Also, make sure your actions reflect your true values. Don't buy things just to impress others. Align everything you do with what you believe in. If you start feeling pressured to look more successful than you are, remember that honesty resonates with people. By being real about your achievements and your failures, you will build stronger and more loyal relationships with customers and employees.
Lastly, don't get caught up in the numbers game. Wealth is not just a number but a ratio. Live below your means and save consistently. If there's a purchase that would stretch your finances, think twice before making it. If you can't buy it twice comfortably, then you probably shouldn't buy it at all.
Stay true to yourself, stay disciplined with your finances, and keep improving your skills every day. This is how you build a strong foundation for both your business and personal growth.
Quotes
"You must outwork your self doubt"
– Alex Hormozi
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"Honesty is one of the most compelling and convicting things for persuading people"
– Alex Hormozi
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"Wealth is a ratio, not a number"
– Alex Hormozi
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"You want to be rich, not look rich"
– Alex Hormozi
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"The hardest person's respect to earn is your own"
– Alex Hormozi
