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Lecture on Hard Work and Effort

Jul 5, 2024

Lecture on Hard Work and Effort

Introduction

  • Location: The gym
  • Purpose: Discussing the importance of hard work and why minimal effort yields minimal results.
  • Context: Recap of Alex Hormozi’s recent video.

Key Points on Hard Work

  • Effort Multiplier: To reach the top in any industry, you must work four times harder than the top person.
  • Example: The speaker watched 8 hours of YouTube, read over 10 trading books, and constantly aimed to learn and grow.
  • Results: Working hard in one area (trading) can free up time to work on others (e.g., social media).

Importance of Undeniable Results

  • Alex Hormozi's View: You need undeniable results to build confidence and offer value to others.
  • Examples: Speaker provided $10,000 to another determined trader named "More Trades" due to his dedication.
  • General Advice: Work so hard that others have no choice but to recognize your results.

Real-Life Analogies

  • Basketball Example: Speaker referenced a conversation with a trader about practicing so hard that coaches can't ignore you.
  • Kobe Bryant: Practiced three times a day, more than his teammates, combining genetics and work ethic.

Practical Advice on Time Management

  • Study Time: Replace leisure activities (e.g., TikTok, YouTube) with study time. Even four hours a day isn't much.
  • Dual Purpose: Example of doing cardio while watching trading videos.

Discipline Over Motivation

  • Long-term Discipline: Motivation is fleeting; discipline leads to consistent progress.
  • Consistency: It's essential even when waking up early is hard.

Homework & Call to Action

  • Rewatch Day 1: Helps in understanding the goals and getting recharged.
  • Set Goals: Reconsider and assess your progress on short-term goals.
  • Action Steps: Increase study time, enhance mental space, and journal findings.

Practical Examples from Speaker's Life

  • Schedule Management: Woke up four hours early to complete multiple tasks before noon.
  • Importance of Early Starts: Completed social media tasks, met investors, did cardio, and lifted weights all by noon.
  • Always Improve: Speaker aims never to be outworked and consistently improves himself.

Implementing Hard Work Ethic

  • Never Settling: Always chase higher goals. Example: Aiming for 100k YouTube subscribers, then setting new targets.
  • Competitor’s Mindset: Compete with others in your field, and always strive to do more.
  • Embracing Failure: Failures are part of the learning process; success comes from persistent efforts.

Conclusion

  • Wake-Up Call: Urges viewers to self-evaluate and commit to working harder.
  • Continuous Effort: Highlights the necessity of consistent hard work and dedication for long-term success.
  • Discipline: Reiterates that discipline, not motivation, drives ongoing success.

Final Note

  • Reminder for Discipline: Stay disciplined and constantly improve to achieve your goals.