watch this if you're tired of being broke | Summary and Q&A

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June 24, 2023
by
Alex Hormozi
YouTube video player
watch this if you're tired of being broke

TL;DR

Avante, a struggling young father, receives advice on how to escape poverty and achieve success by cutting costs, increasing income, and continuously learning new skills.

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Key Insights

  • 🏛ī¸ Overcoming poverty requires making sacrifices and focusing on building valuable skills that others will want.
  • 🤑 Cutting unnecessary costs and living frugally is crucial to saving money and providing for one's family.
  • ℹī¸ Increasing income can be achieved through applying to better jobs and exploring alternative income sources like selling items.
  • 🎚ī¸ Success requires an extreme level of dedication, hustle, and continuous learning to become undeniable in the job market.
  • 🧑‍🏭 Luck is not a reliable factor, and it is essential to take control of one's own destiny by working hard and seizing opportunities.
  • ❤ī¸â€đŸŠš The support and encouragement of friends and family who believe in one's success are crucial for staying focused on the end goal.
  • 🙈 Rejection is inevitable on the path to success, but it should be seen as a learning experience rather than a setback.

Transcript

this is a video I'm making for Avante the young man who was working two jobs with a one-year-old who's struggling and said he was sick and tired of being poor and didn't know how to get out I didn't have time to answer you when I was walking but I wanted to take this minute to give you a longer answer I'll read you the Tweet maybe we'll put it up o... Read More

Questions & Answers

Q: How can Avante save money and provide for his family while struggling with low skills and limited opportunities?

Avante should cut all unnecessary costs, such as expensive food and clothing, and consider living with family or sharing accommodation with others to save money. He should prioritize providing for his family's basic needs while focusing on acquiring new skills.

Q: What are some ways Avante can increase his income to improve his financial situation?

Avante can apply to other jobs, specifically at-home phone sales jobs that require no experience and pay a decent salary. He can also consider driving for rideshare apps like Uber if he has a car or save up to buy one.

Q: How can Avante start selling items to generate additional income?

Avante can begin by selling other people's items and gradually move on to buying bargain goods and flipping them for a profit. He should start small and learn from each experience to develop his selling skills.

Q: How can Avante overcome the lack of opportunities and achieve success?

Avante should adopt an extreme and unbalanced approach to his current situation. He needs to prioritize his time to learn new skills and apply for better job opportunities. By working harder than others and demonstrating determination and dedication, he can create his own luck and achieve success.

Q: How can Avante save money and provide for his family while struggling with low skills and limited opportunities?

Avante should cut all unnecessary costs, such as expensive food and clothing, and consider living with family or sharing accommodation with others to save money. He should prioritize providing for his family's basic needs while focusing on acquiring new skills.

More Insights

  • Overcoming poverty requires making sacrifices and focusing on building valuable skills that others will want.

  • Cutting unnecessary costs and living frugally is crucial to saving money and providing for one's family.

  • Increasing income can be achieved through applying to better jobs and exploring alternative income sources like selling items.

  • Success requires an extreme level of dedication, hustle, and continuous learning to become undeniable in the job market.

  • Luck is not a reliable factor, and it is essential to take control of one's own destiny by working hard and seizing opportunities.

  • The support and encouragement of friends and family who believe in one's success are crucial for staying focused on the end goal.

  • Rejection is inevitable on the path to success, but it should be seen as a learning experience rather than a setback.

  • Avante's journey out of poverty can serve as an inspiration and motivation for others facing similar challenges.

Summary & Key Takeaways

  • Avante is advised to cut all unnecessary costs, including food and clothing expenses, in order to save money and provide for his family.

  • He is encouraged to increase his income by applying to better jobs, including at-home phone sales jobs that require no experience.

  • Avante is urged to start selling other people's items and learning how to buy and flip cheap goods to generate more income.

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