Alex Hormozi on Wealth

[james.hendrickson]

Saw this quote and it spoke to me..

@AlexHormozi (Sat, Sep 27) "Wealth is made by doing boring things for an extended period in more volume than any sane person would find reasonable."

[colbysir]

Most people chase excitement, not consistency. The ones who stick to boring routines long enough end up owning the results.

[myrdale]

"Wealth is made by doing boring things for an extended period in more volume than any sane person would find reasonable."

I agree in theory I think the quote is horribly worded.

I don't think the average person would say saving 15% is unreasonable. I would say saving 50% is, but I don't think that is what he is suggesting.

An extended period of time to me is 5 years. The goal of retirement savings is +40 years.

There is nothing boring at all about transferring $2,500 at a time to a Roth IRA.

I'd challenge the statement by saying "Wealth is accumulated by living within your means and consistently investing".

Thanks for the quote though, I will have to look him up this evening!