Alex Hormozi: When Money Stopped Mattering

Last updated: Jun 15, 2023

The video is about how money doesn't bring lasting happiness and how to find joy and meaning in life through value-based decision-making.

This video by Alex Hormozi was published on Jun 7, 2021.
Video length: 08:06.

In this video, Alex Hormozi discusses how money stopped mattering to him and how he finds joy and meaning in his life.

He talks about redefining the term happiness and shifting from outcome-based decision-making to value-based decision-making. He also uses the analogy of a casino to explain how the achievements and wealth we accumulate in life are ephemeral and have no lasting impact.

Hormozi emphasizes the importance of finding joy in learning and teaching and dedicating one's life to eternal values.

  • Alex Hormozi discusses the importance of finding joy and meaning in life through value-based decision-making.
  • Happiness is redefined as a reaction to outside circumstances, while joy comes from within.
  • The temporary nature of external accomplishments is emphasized through the analogy of a casino.
  • Listeners are encouraged to focus on things that give them joy and meaning, such as values.
  • Shifting from outcome-based decision-making to value-based decision-making is emphasized as crucial.

When Money Stopped Mattering - YouTube

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Introduction

  • Alex Hormozi is opening the floor for questions and discussions.
  • He talks about how money doesn't bring lasting happiness.
  • He emphasizes the importance of finding joy and meaning in life through value-based decision-making.
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Philosophical Meaning of Lifestyle

  • A listener asks about Alex's predisposition towards wanting less.
  • Alex talks about how he finds joy in things that give him meaning.
  • He redefines happiness as a reaction to outside circumstances, while joy comes from within.
  • Alex emphasizes the importance of asking why we want to make money and achieve external accomplishments.
  • He talks about how everything we achieve on the physical plane is temporary and will eventually disappear.
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The Analogy of a Casino

  • Alex uses the analogy of a casino to explain the temporary nature of external accomplishments.
  • He talks about how we are playing a fake game with fake money in life.
  • Alex emphasizes the importance of realizing that external accomplishments serve no real meaning.
  • He talks about how we should focus on things that give us joy and meaning, such as values.
  • Alex encourages shifting from outcome-based decision-making to value-based decision-making.
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When Money Stopped Mattering - YouTube

Conclusion

  • Alex emphasizes the importance of finding joy and meaning in life through value-based decision-making.
  • He talks about how external accomplishments are temporary and serve no real meaning.
  • Alex encourages listeners to focus on things that give them joy and meaning, such as values.
  • He reiterates the importance of shifting from outcome-based decision-making to value-based decision-making.
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Alignment with Values

  • Feeling in alignment with your identity brings lasting happiness.
  • Experiencing alignment between what you believe, say, and do creates a sense of purpose.
  • Contradicting beliefs, words, and actions cause dissonance and lead to a lack of fulfillment.
  • Living a life that reflects your values and dedicating yourself to eternal values brings meaning.
  • Work can be a source of meaning when it aligns with your values.
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Living in Alignment

  • Small corners cut in work can lead to living outside of your values.
  • Living in alignment means doing what you say you believe.
  • Working hard is not necessarily laudable if it does not bring joy or meaning.
  • Doing things that bring joy and meaning should be the focus, not just working hard.
  • Living in alignment with your values brings a sense of fulfillment and purpose.

Watch the video on YouTube:
When Money Stopped Mattering - YouTube

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