“What you think is attainable is just a function of what you know at the moment. If you limit your goals to what you know you can achieve, you are setting the bar way too low.” – Ray Dalio
In yesterday’s (beast) of a talk…
If You’re An Entrepreneur In Your 20s, Watch This.
…I tackled a tricky bit of Hormozi-dogma that sounds right, on the surface…
But could easily nuke your 20’s if you take it too seriously.
Before we get into it, the necessary disclaimer:
I’ve got plenty of respect for Alex, and agree with him far more often than I disagree (I even recommend his books at 19:09 of this talk).
Just not about this:
This is a rare display of confirmation bias from Alex that is not only dangerous…
It’s objectively untrue.
There are so (!) many examples of young entrepreneurs who have done both at the same time:
Built very successful businesses while living an incredible life…
Traveling, partying, building an amazing group of friends, accumulating life experience, and growing themselves beyond their business.
I am one of them.
My late friend and client Ben Bader is another, and he ran with a crew of young entrepreneurs in Miami who were all doing the same.
Mason Vranes (who hosts our summer retreat and runs an 8-figure coaching business) is another one.
My close friend Adam Folker, who built a $9M info business, and is now scaling an e-com brand past ~500k/mo (while working 3 hours a day) is another.
The examples are endless.
You do need discipline, focus, and hustle. Obviously.
And you will absolutely go through a period (or periods) of intense focus — especially in the beginning.
(I cover the “full immersion” phase at 16:30 of this talk)
But that also doesn’t mean you need to lock yourself in a dark room for ten years…
…And, I would argue your results will be worse, if you do.
Because — no surprise here:
Life experience makes you a better founder.
And the only way to get life experience is to experience life.
Bottom line:
Working hard and living well are not mutually exclusive.
Many — many — young entrepreneurs have already proven that you can do both, if you’re smart about it.
More on this here.
– T
P.S. I’ve put together a list of must-read books for 20-30 year old founders.
Comment “book list” under this video and my assistant Simon will DM it to you.
Oh, and if you missed Part 1 of Me vs Hormozi:
Here’s where you can catch up now.
“We make an extremely rigid division between work and play. You’re supposed to work in order to earn enough money, to give you sufficient leisure time for something entirely different called “having fun,” or “play.” And this is the most ridiculous division of things, because everything that we do – however tough it is, however strenuous – can be turned into the same kind of play as I was showing you when I was completely fascinated with spinning that orange around my head… So the point is, therefore, that you can do everything you have to do in this spirit. Don’t make a distinction between work and play. Regard everything that you are doing as play, and don’t imagine for one minute that you’ve got to be serious about it.” – Alan Watts
