How To Find “Your Thing” - Alex Hormozi

Working All Day

In this section, the speaker talks about how slaves worked all day in American and Egyptian history. He also discusses how people project their ideas of what they think your life should be like onto you.

Slaves Worked All Day

• Slaves worked all the hours they were awake for their entire lives in American history in Egyptian history.

• The speaker believes that if slaves can work all day, so can he.

• The speaker thinks that people want to project their idea of what they think your life should be like onto you, but it's completely irrelevant.

Rewarding Micro Rewards

• The speaker loves operating a business and enjoys writing books about business, talking to his editor about changes, tweeting about thoughts on business, and discussing his favorite topic.

• The speaker avoids punishment and does as many things as possible that reward him frequently.

Finding Your Thing

In this section, the speaker talks about how he found his thing by being lucky with the intersection of making a lot of money and loving business. He also gives advice on how to find your thing.

Directionally Correct

• The speaker is a big fan of being directionally correct rather than absolutely correct.

• Most people are trying to find the perfect answer when they have no perspective from which to make a judgment. They're trying to find the perfect thing to do without having done anything yet.

Use the Cat or Cheese

• The speaker advises people to use the cat or cheese to start running towards something.

• People have more cats than they have cheese in the beginning, so they should decrease their action threshold enough with either a cheese or a cat whatever they need.

Choosing a Career Path

In this section, the speaker talks about how he chose his career path and why he made certain decisions.

Factors that Influenced Career Choice

• The speaker chose a career path based on things he was good at and enjoyed doing.

• He did not know he would like business until later in life because entrepreneurship was not popular when he was younger.

• The speaker chose to move away from where he lived and avoid jobs that involved sitting in meetings all day.

• He decided to pursue fitness because it was something he enjoyed.

Reverse Role Model

• The reverse role model is a way to identify what you do not want in your life by looking at people who exhibit negative behaviors or traits.

• This can be useful for identifying what you want to avoid in relationships, finances, communication, etc.

Perfectionism and Decision-Making

• Perfectionism can lead to procrastination and hinder decision-making.

• Using an investor's frame can be helpful for making decisions since every investment has risks and downsides.

Motivation for Investing

In this section, the speaker discusses inflation as a motivating force for investors and how it affects business people differently.

Inflation as a Motivating Force

• Inflation motivates investors more than business people since keeping money without investing will cause its value to decrease over time.

Business People vs. Investors

• Business people may keep more coins in their vault if there is no urgency to deploy capital due to lower costs of capital.

• Higher costs of capital can create a sense of urgency to deploy capital faster.