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Published Jan 12, 2023

14 Money Mistakes | Ep 485

Alex Hormozi delves into the impact of environment on financial habits, the significance of prioritizing meaningful experiences over status symbols in one's twenties, and strategies for cultivating a robust financial mindset by automating investments and understanding money's true value.
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  • Roommates

    Choosing the right roommates can significantly influence your personal and financial growth. emphasizes the importance of surrounding yourself with individuals who share similar goals and values. He warns against living with people who have limiting beliefs or who might undermine your ambitions, as this can hinder your progress during a crucial period of personal development 1.

    Never listen to people who have smaller goals for your life than you do.

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    By aligning yourself with like-minded individuals, you create an environment that fosters mutual encouragement and growth, shaping your worldview positively during your formative years 1.

       

    Community

    The choice of community and convenience plays a pivotal role in personal efficiency and growth. shares his experience of living with multiple people to reduce costs and enhance social interaction, highlighting the importance of a supportive micro-community 2.

    I would live with more people in a better area than fewer people in a shitty area.

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    He suggests prioritizing proximity to essential amenities, like gyms and affordable eateries, to save time and resources, ultimately leading to a more efficient lifestyle 2.

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