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

Last updated: Jun 18, 2023

The video is about Alex Hormozi sharing his lessons and failures from 2021, including his business accomplishments and personal reflections on the meaning of life.

This video by Alex Hormozi was published on May 6, 2022.
Video length: 56:07.

In this video, Alex Hormozi shares his lessons and failures from the past year, which he has been documenting in an email chain to himself for the past five years.

He covers a range of topics, including his successful business deals, growing his social media following, and selling his personal assets. He also reflects on the importance of finding personal meaning in life and not placing too much value on the opinions of others.

Hormozi shares a quote from philosopher Albert Camus about the meaning of life being the reason why one doesn't kill themselves, which he found to be a powerful message.

  • Alex Hormozi documents his lessons and failures through email and Twitter.
  • He reflects on the meaning of life and the importance of personal growth.
  • He shares business lessons, including the value of having a strong team and clear vision.
  • Legacy is a myth, and leaving an impact on people is more important.
  • Hard work and learning are meaningful, and price no longer confers value.
  • Money has a diminishing marginal return, and buying assets is better than consumption.
  • Ownership is important for building wealth, and doing less and different can be effective.
  • Imagining yourself as an 85-year-old can provide clarity on decision-making.
  • Enjoying life and not sacrificing for the future is important to consider.

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

Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 001

Introduction

  • Alex Hormozi has been documenting his lessons and failures for the past five years through an email chain to himself.
  • He has transitioned to documenting his thoughts on Twitter instead of the email chain.
  • In 2021, he sold the majority stake of Allen, sold two-thirds of Jim Launch and Prestige Labs, and wrote and published 100 Million Offers.
  • He also grew his social media platforms and earned seven to eight million dollars outside of the sale from real estate and dividends.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 002

The Meaning of Life

  • Alex reflects on the life and accomplishments of Betty White, who achieved success but is not remembered by many after her death.
  • He questions the value of ascribing meaning to how others want us to live.
  • He believes that most things do not matter and that meaning comes from the things we choose to deem meaningful.
  • He shares a quote from Albert Camus that the meaning of life is why you don't kill yourself.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 003

Personal Growth

  • Alex discusses his personal growth and how he has learned to be more empathetic and understanding of others.
  • He shares his experience with therapy and how it has helped him become more self-aware.
  • He believes that personal growth is a lifelong journey and that it is important to be open to learning and changing.
  • He also talks about the importance of taking care of one's mental and physical health.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 004

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

Business Lessons

  • Alex shares his business lessons from 2021, including the importance of having a strong team and delegating tasks.
  • He talks about the value of focusing on one thing and doing it well.
  • He also discusses the importance of having a clear vision and strategy for one's business.
  • He believes that it is important to be adaptable and willing to pivot when necessary.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 006

Meaning of Life

  • Deepest held belief is the reason for living
  • For Alex, the reason is his love for learning
  • Legacy is a myth
  • Leaving an impact on people is more important than building a legacy
  • Accumulating assets is like a casino analogy
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 007

Hard Work and Success

  • Hard work is the goal that is meaningful
  • Learning is meaningful for Alex
  • 2021 was difficult for Alex because he took a year off
  • Not working for almost a year was depressing for Alex
  • Price no longer confers value for Alex
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 008

Value of Things

  • Price no longer confirms value
  • Allows Alex to look at things without price altogether
  • Simple cotton tanks are more valuable to Alex than expensive ones
  • Price gives status, but Alex doesn't get his status from the expensiveness of things
  • Leads to the realization that he prefers things that are easier and he likes
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 009

Conclusion

  • Legacy is a myth
  • Hard work is the goal that is meaningful
  • Price no longer confers value
  • Value comes from simplicity and personal preference
  • Leaving an impact on people is more important than building a legacy
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 011

Realizing the Diminishing Marginal Return with Money

  • Money has a diminishing marginal return when it comes to consumption.
  • Having more money doesn't necessarily make you happier.
  • Buying assets is a better way to spend money.
  • Realizing this can be a freeing realization.
  • Having more money allows you to realize that you were just as happy when you had less.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 012

Building Wealth Through Owning

  • The goal is to transact as little as possible.
  • Patience is key when it comes to building wealth.
  • Setting up games where if you wait, you win is a good strategy.
  • Ownership is important for personal belongings.
  • Leasing your lifestyle can be freeing.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 013

Looking Through a Different Lens

  • Instead of looking at what someone else is doing that you're not, look at what they lack that you have.
  • Doing more isn't always the answer.
  • Doing less and doing different can be more effective.
  • Asking yourself what character traits someone might lack that you have can be a good way to improve yourself.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 014

The 85-Year-Old Decision Framework

  • Imagining yourself as an 85-year-old version of yourself can provide clarity on what decisions to make.
  • Many times, we know what we need to do but are too afraid to take action.
  • When talking to your 85-year-old self, you may realize that few decisions really matter.
  • Enjoying life and not sacrificing anything for the future is a common theme.
  • The value of money and how we trade it for time and living is important to consider.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 016

Inverted Thinking Process

  • Think of all the threats that could possibly come up within a given situation.
  • Reverse the threats to become strategic anchors and biggest priorities in the business.
  • Use the framework to solve many problems.
  • Triggers a different part of the brain to solve problems differently.
  • It takes time to get there, but it's a wonderful process.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 017

Lessons Learned in Business

  • Financing is underrated.
  • Find industries with easier lending to sell more people at higher prices.
  • Sell to gold rather than selling programs.
  • People want to buy the outcome, not the program.
  • Create a clear line between their purchase and their desired end state.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 018

Lessons Learned in Personal Life

  • Read 70 books last year, but skimmed most of them.
  • Read books intentionally, including Ready Fire Aim, What It Takes, and Conscious Capitalism.
  • Realized charity as a whole is a very broken model.
  • Creating a self-sustaining and self-growing entity that continually gives a percentage of its earnings is a better solution.
  • Focus on people's selfishness and convince everyone else to be selfish to make giving easier.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 019

Conclusion

  • Use inverted thinking to solve problems.
  • Financing is underrated in business.
  • Sell to gold rather than selling programs.
  • Create a self-sustaining and self-growing entity that continually gives a percentage of its earnings for charity.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 021

Tactical Social Media

  • Only talk about stuff that you know or have experienced.
  • Don't regurgitate other people's content.
  • What's true to you is valuable.
  • Capture the things that you're going through.
  • People can't claim that you're speaking false truths.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 022

No Schedule

  • A schedule felt constraining.
  • Making more without a schedule.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 023

Making Stuff

  • Making stuff for yourself to document your thoughts.
  • Assume no one will ever see it and make it anyways.
  • True art is made to exist because you believe it should exist.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 024

Intention and Organic Traffic

  • People feel intention more than anything else.
  • Tell the truth if you want to sell something.
  • Organic traffic is worthwhile if you are patient and good enough.
  • Make sure it's true because you did it.
  • True art is made to exist because you believe it should exist.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 026

Long-term thinking

  • Long-term thinking is important for success.
  • Extending time horizon removes expectations and leads to better outcomes.
  • Successful people have the longest time horizons.
  • Short-term plays should be avoided in favor of long-term thinking.
  • Long-term selfishness leads to greater self-esteem and benefits humanity.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 027

Market over manager

  • The boat you are in is more important than how hard you row.
  • Market is stronger than the manager.
  • Opportunity vehicles are important for success.
  • Some of the biggest successes are due to luck and being in the right place at the right time.
  • When success happens, swing hard at that fat pitch.
Alex Hormozi: I emailed myself all of my failures for the last 5 years...this is what I learned.. 028

You have read 50% of the summary.

To read the other half, please enter your Name and Email. It's FREE.


You can unsubscribe anytime. By entering your email you agree to our Terms & Conditions and Privacy Policy.

Watch the video on YouTube:
I emailed myself all of my failures for the last 5 years...this is what I learned.. - YouTube

Related summaries of videos: