YT YouTube2Text

YouTube2Text → Transcripts → How to Catch Up In Life (Using Logic)

How to Catch Up In Life (Using Logic) — Transcript

by Alex Hormozi · 2,589 words · 368 segments · language en · Watch on YouTube

Open in transcriber Summarize with AI Download SRT/VTT

Full transcript

0:00If you're ambitious, but not sure what
0:01to do, I'm going to share six
0:02principles, really just actions that
0:04have helped me get to where I want.
0:06These are the same six things that
0:07allowed me to go from having only a
0:08thousand bucks to my name and sleeping
0:10on a gym floor to now having a portfolio
0:11of companies that last year did north of
0:13250 million a year. And the reason I'm
0:14making this video is because I'm on a
0:16mission to get the next generation of
0:18men and women to make their first
0:19hundred thousand dollars, and there's a
0:21lot of reasons for that, but I think
0:22that if you can participate in the
0:23economy, you will believe in capitalism,
0:25and I think that will set up the next
0:26generation for much bigger and better
0:27things. So, let's just start with
0:29principle number one, which is build
0:31capacity.
0:32And so, what to do when you're not sure
0:34what to do is you build capacity. So,
0:36for example, if you don't know what
0:38you're going to do tomorrow, you should
0:39go and bed on time today.
0:41Uh when you're not sure what you're
0:42going to do, still it might as well be
0:43rested, that's building capacity. Um you
0:45can get in shape when you don't have
0:47dates lined up. Like, you don't have one
0:49lined up, but it can help you when the
0:50opportunity strikes.
0:52Uh you can save money when you're not
0:53sure where you're going to invest
0:55because at least you'll have the money
0:56so that when the investment comes,
0:58you'll have the opportunity to take
0:59action. It's just the thing about
1:00opportunities is that they present
1:01themselves to everyone, and only people
1:03with capacity can both recognize and
1:05capitalize on them. So, don't be in the
1:07bleachers when the fat pitch comes. You
1:09want to be at the plate, you want to
1:10have already practiced your swing, and
1:12you want to be ready to go.
1:14And I'll give you a case study that
1:15actually can drive this point home. So,
1:17there was a study they did at Princeton
1:18grad school. It was called like the good
1:19good Samaritan study, where they had
1:21seminary students who saw themselves as
1:23moral people, right? They were studying
1:24to become priests. And they asked them
1:27to uh write a paper on being a good
1:30Samaritan, and then to present it. All
1:33right? And so, what was interesting
1:34about this is that in the study, they
1:37separated them into three groups. And
1:39so, on the way to give the presentation,
1:41there was this very narrow hallway into
1:42the auditorium. And in the narrow
1:44hallway, they put someone who had fallen
1:46and clearly needed help. Group one was
1:49people who were 10 minutes late. Uh
1:51group two was people who were on time.
1:53And group three was people who were
1:55early. All right? Now, guess what
1:58correlation, how people rated themselves
2:01in their essay, had to do with the
2:03likelihood that they would stop and help
2:04the person.
2:05You're right. zero. All right?
2:09You know what did have the highest
2:10correlation with the likelihood that
2:11they stopped and helped the person?
2:13How late they were. And so, and let me
2:15tell you how big of a difference it was.
2:17The difference between the people who
2:18were 10 minutes early and 10 minutes
2:20late was a 6x difference in who stopped
2:23to actually help the person. And the
2:24reason I see this is so important is
2:25that right now, there are opportunities
2:28that come to you right now that you
2:29cannot even recognize because you do not
2:32have capacity to do anything about it.
2:34And so, here are some of the ways that I
2:35recommend building capacity starting
2:37with number two, money.
2:40So, if you don't know what to invest in,
2:42save money. Money buys time and time
2:45buys optionality. And so, let's go
2:47tactical. So, how do I go about actually
2:48saving money? So, I'm going to walk
2:49through each category very quickly. So,
2:51food, that means you just don't eat out
2:53for anything. It's very straightforward.
2:54If you're hungry, you deal with it,
2:55right? You only buy from discount
2:57grocery stores. It's not that hard.
2:58Clothing,
3:00whatever you have right now is all you
3:01need for the next 2 years, zero
3:02exceptions, right? Reuse what you have,
3:05trade, or at the very worst, you can go
3:06to Goodwill. All right? From a housing
3:08perspective, live as cheaply as you can,
3:10ideally with your own family, or worst
3:12case with another family that's also
3:14trying to save money. Um,
3:16and if you're like younger and you're
3:17like, "None of us have families." and
3:18that's fine. Then, all six of you bunk
3:20up in one place, split bedrooms if you
3:22have to. Um, and that's what ultimately
3:24in the early part of my career, it was
3:25like three or four hundred bucks a month
3:26for me to just keep the lights on. Not
3:28hard when you're splitting one bedroom
3:29in a six-bedroom house. Now, all of this
3:31stuff, we have the last cost, which is
3:33time cost. So, think about your time
3:35like a financial asset. Stop doom
3:37scrolling and wasting the two to
3:38four-hour window you have outside of
3:40work, so your 5:00 to 9:00 a.m. and then
3:42your 5:00 p.m. to 9:00 p.m. Those 8
3:44hours a day, those are the hours where
3:46you're going to have to get ahead
3:47because you have to you have to
3:49basically live for today to pay for
3:51today, but you have to plan and prepare
3:52for tomorrow, which is what those other
3:548 hours are for. Number three on this
3:56stack here is add skills and practice
3:59them. The second part is just as
4:00important as the first. So, now you've
4:02got some money, right? It should be
4:04saved up. Where do you spend that money?
4:06So, I recommend spending all excess cash
4:09on acquiring skills until you have so
4:11much that you can't possibly spend on
4:13any more skills. So, increase your
4:15capacity to earn, which increases the
4:17value of your highest cash-producing
4:19asset, you know that is you, right? And
4:21what's relevant to today is that skills
4:24are inflation-proof. Whether we're
4:25trading in Bitcoin or seashells in the
4:27future, if you've got value to give,
4:29people will exchange for it. So, if
4:31you're ever worried about all this
4:32technology, what am I going to do? The
4:33only thing and the only logical step you
4:35can do is double down on skills and make
4:37yourself more valuable. Now, understand
4:40that learning will never hurt you. All
4:42right, it's always additive. And even in
4:44things that are bad, and listen, I paid
4:46for all that stuff that I just said, and
4:47not all of it was good. The thing is is
4:49that I believe that winners win no
4:51matter what. And so, how can you have
4:53something that's bad and then you think
4:55that you get better from it? Well, if I
4:57learn all the things not to do, then I
4:59learned. And if it changes my behavior
5:01in a way that makes me more likely to
5:02succeed, then I got better. And so, if
5:04you if you look at the world that way,
5:06then everything serves you rather than
5:08you serving it. And so, I'll give you a
5:09basic analogy from a skills perspective,
5:11from a stacking angle. I like this
5:12example cuz a lot of people know who he
5:13is. So, Jay-Z's a rapper, right? And now
5:16he's a businessman. I mean, a
5:17businessman. Little little little If you
5:20know, you know. Anyways,
5:22um
5:23in the beginning, maybe he had rhythm,
5:25right? Maybe that's what he was
5:26naturally born with or inclined with,
5:27right? And then he learned how to
5:31rap. And then he learned how to write
5:34lyrics. And then he learned how to
5:37market. Or rather, he probably learned
5:39how to sell first. And then he learned
5:41how to market. And with each of these,
5:44he became more and more successful. And
5:46then he learned how to get other artists
5:49and market them. So, he learned how to
5:51make a label. And then, he learned how
5:53to get
5:55Beyoncé. Okay.
5:56>> [laughter]
5:56>> But you can see here how with each of
5:58these skills, that person who has all of
6:01these skills Someone who just has
6:02rhythm, not that valuable. Someone who
6:04can just rap, a little bit more valuable
6:05than someone who has rhythm. Someone who
6:07can rap and write lyrics, more valuable.
6:09Someone who can do that and then sell,
6:10they can sell their way into, you know,
6:12getting shows, they can sell people on
6:13the street. All of a sudden, they can
6:14sell their CDs. They can sell CDs,
6:16Jesus. They can sell
6:17And so, he has this, which makes all of
6:19these other things more valuable. And
6:21then, he learned how to promote, which
6:22made all of these other skills more
6:23valuable. Because now, he's not just
6:24selling out one or two, you know, small
6:26venues, he can promote and go national.
6:29But then, there's still a limit to the
6:30amount that he can do here. So, that's
6:31when he starts recruiting other people
6:33to his labels, to his brands. And this
6:35is what continues to stack skills. I'll
6:37give you a financial example of this.
6:39Maybe in the beginning, you're somebody
6:40who's really good at math. Okay, being
6:42good at math is not that valuable of a
6:43skill. Then, all of a sudden, you're
6:45like, "Okay, well, I'll learn how to do
6:46bookkeeping." All right, well, that's
6:47more valuable than just math, but you
6:49need math in order to have bookkeeping.
6:51And then, you learn how accounting
6:52works. Okay? And then, you learn how
6:54taxes work. And all of a sudden, you can
6:55start saving a business money. Now, do
6:57you need to know uh math in order to do
6:59taxes? Yes. Do you know how to
7:00understand how accounting works in order
7:02to do taxes? Yes. Right? All of these
7:04things stack. Now, let's say that you
7:05start learning about insurance. And
7:07then, you start learning about M&A.
7:09Right? All of these things, you still
7:10need to know math, but these, when taken
7:12together, become significantly more
7:14valuable as a person. About your second
7:16grade math teacher as an idiot as soon
7:18as you learn calculus, you needed
7:19arithmetic in order to learn calculus.
7:21And so, wherever you're at in this
7:22journey right now, it's not like, "Oh my
7:23god, I can't Why can't I do this?" It's
7:25like, you still have to move through the
7:26steps. Now, how fast do you do that
7:28depends on how quickly you change your
7:30behavior. And so, hopefully, this video
7:31at least nudges you in that direction to
7:33start changing what you do. So, the
7:34fourth example of kind of building
7:35capacity before you know what to do is
7:38to build an audience without a product.
7:40Right? So, what does that mean? So, you
7:41don't need a product to start, you need
7:43attention because attention gives you
7:45leverage. And so, if you have a group of
7:48people who know, like, and trust you,
7:50even when you don't have a product,
7:51you're basically building potential
7:52energy, right? If you were the number
7:54one most followed person on the planet,
7:56the day you start whatever you start,
7:58it's going to be a smashing, probably
8:00hundred million dollars success.
8:01Literally, if you were the most person
8:03known person on the planet and you
8:04charged any amount of money for
8:06anything, you could then make basically
8:08you'd pretty much be set for life. All
8:10right? And so, from the building of a
8:12quote audience, is you just talk about
8:14the things that you're doing cuz right
8:15now you're like, well, I don't have any
8:16proof. Of course you don't have proof,
8:18you haven't done anything yet. But what
8:19you can do is do work and document the
8:22work you do. And so, what you want to do
8:24is like either you have epic proof or
8:26epic effort. In the fitness world,
8:28there's people who are like, okay, I'm
8:29I'm six months out for my first fitness
8:31competition. Doesn't matter where you
8:32start, if you do something epic,
8:34document all the volume of work you do
8:35along the way and people will follow
8:37you.
8:38Now, a version of this, like the next
8:39step here, would be build a wait list.
8:42So, this is kind of step five. So, in
8:43other words,
8:45before you build the thing, build the
8:47list of people who want the thing. So, a
8:49person who pays with their time now is
8:52more likely to pay with their money
8:53later. And this is what an audience
8:54does, you provide value them with your
8:56time, they pay back with their time,
8:58they say they're willing to wait for the
9:00thing. All of these things are
9:02indicators that they're likely or more
9:05likely to make a purchase with you. So,
9:07number six is
9:09you can build capacity by building your
9:11network potential by meeting people. So,
9:14think about two people, one person who
9:15stays in and watches Netflix
9:17or somebody who goes out to a coffee
9:20shop or someone who goes to the gym. In
9:22either of those scenarios, your luck
9:24surface area expands. You're more likely
9:26for sure in each of those scenarios. And
9:28if you do this every single day, you
9:30continue to expand that luck exposure.
9:32And so, if you want to be successful in
9:33something, in anything, spend time with
9:35the people who are already doing it
9:37because the fastest way to change your
9:38life is to change the people who around
9:41you who affect your life. And so, being
9:43willing to move to where the opportunity
9:45is is one of the biggest kind of hacks
9:47out there. I think Chamath talked about
9:49this in a video, but like
9:51if you want to be in finance, you got to
9:52be in New York, right? If you want to be
9:54in film, it's like you probably got to
9:56be in Hollywood. If you want to be in
9:58politics, you got to be in DC. Now, if
10:00you don't want to be in those kind of
10:01like more traditional paths, there's a
10:02lot more places that you could be, but
10:04the idea is like there are hubs, and if
10:06you want to get into a space, the best
10:08way to do it is get to the hub. And so,
10:10if you're not sure what to do right now,
10:12you should know exactly what to do,
10:14which is that you build capacity and you
10:16wait for the pitches that you can swing
10:18at to come. And so, maybe you're getting
10:20ball after ball after ball, but what do
10:22you do to make sure that when the fat
10:23pitch comes, you're ready? It's like you
10:25practice your swing. You start doing
10:27your sprints so that like you can
10:28actually get around the bases faster,
10:30right? You start working on coordination
10:31drills. You start working on your hip
10:33and your power. You start going to the
10:34gym, right? All of these things will be
10:35things that when that pitch comes,
10:37you'll maximize the likelihood that you
10:38smash it out of the park. But so many of
10:40you are waiting for this fat pitch to
10:41then begin and getting lapped by people
10:43who already were prepared. And so, the
10:45key word here, in order to build
10:46capacity, you build by preparing.

About this transcript

This page contains the full transcript of How to Catch Up In Life (Using Logic) by Alex Hormozi, generated from the public captions YouTube serves with the video. The transcript has 2,589 words across 368 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.

What you can do with it

Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to choose a caption track available on the video.

Free YouTube transcript tool

YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, caption language selection, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.