Alex Hormozi: $100M CEO: "How to make the HARD decisions that change your life"

Last updated: Jun 16, 2023

The video is about how to make difficult decisions that can change your life, and the importance of acknowledging and controlling the emotional biases that can affect decision-making.

This video by Alex Hormozi was published on Dec 10, 2021.
Video length: 09:27.

In this video, Alex Hormozi, a $100M CEO, shares his decision-making framework for making hard decisions that can change your life.

He emphasizes the importance of decisions in our lives and how we are one decision away from changing our lives forever. Hormozi discusses the environment under which to make decisions and the brain chemistry that affects decision-making. He also talks about biases that we have to fight against, such as confirmation bias and conviction bias. Hormozi shares his process for mitigating the emotional impact on decision-making, including being well-rested and acknowledging emotions.

He suggests using this process for the most important decisions in life, such as marriage, work, and big strategic changes in business.

  • Alex Hormozi is an entrepreneur, investor, and CEO of Acquisition.com.
  • Decisions are the wellspring of life, and we are one decision away from changing our life forever.
  • Identifying emotional biases is crucial to decision-making.
  • The decision-making process involves controlling emotions, acknowledging biases, and taking time to analyze irreversible decisions.
  • Using this process for important decisions can benefit us in the long run.

$100M CEO: "How to make the HARD decisions that change your life" - YouTube

Alex Hormozi: $100M CEO: "How to make the HARD decisions that change your life" 001

Introduction

  • Alex Hormozi is an entrepreneur, investor, and CEO of Acquisition.com.
  • He shares his decision-making framework that he used to make nine-figure decisions.
  • Decisions are the wellspring of life, and we are one decision away from changing our life forever.
  • Learning to make decisions is an important concept, but the environment under which we make decisions is crucial.
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The Importance of Acknowledging Emotional Biases

  • Brain chemistry affects how we make decisions, and we are 100% emotional decision-makers.
  • We need to control the extent to which emotions control our decisions.
  • Identifying when we are feeling emotional is crucial.
  • Emotions decrease the speed that we make decisions and increase the likelihood of mistakes.
  • We have to acknowledge the biases we have, such as confirmation bias and conviction bias.
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The Decision-Making Process

  • The environment under which we make decisions is crucial.
  • For irreversible decisions with downstream consequences, we need to take more time to analyze.
  • We need to control the extent to which emotions control our decisions.
  • We need to acknowledge the biases we have and fight against them.
  • We need to make sure we are well-rested when making decisions.
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$100M CEO: "How to make the HARD decisions that change your life" - YouTube

Conclusion

  • Learning to make decisions is an important concept, but the environment under which we make decisions is crucial.
  • We need to control the extent to which emotions control our decisions.
  • We need to acknowledge the biases we have and fight against them.
  • We need to make sure we are well-rested when making decisions.
  • Using this process for the most important decisions in our lives can benefit us in the long run.
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Creating the Right Environment for Decision-Making

  • Good sleep is crucial for clear decision-making.
  • Being well-fed elevates serotonin and dopamine levels, making you feel better and more stress-tolerant.
  • Creating space away from day-to-day activities and removing yourself from normal spaces where you operate can help remove emotional anchors that can affect decision-making.
  • Decreasing anxieties, stressors, and noise can help prevent emotions from confounding the decision-making process.
  • Creating the right environment can help you make more rational decisions.
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Making Rational Decisions

  • Make decisions from a place of needing nothing.
  • Abundance is having everything you need, and the reverse of that is needing nothing else.
  • When you have everything you want, are well-rested, well-fed, and surrounded by loved ones, you can approach decisions with a clear mind.
  • Operating from a place of needing nothing can help you make more rational decisions.
  • Making more rational decisions can lead to an easier life.

Watch the video on YouTube:
$100M CEO: "How to make the HARD decisions that change your life" - YouTube

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