Volatility vs. Risk | Ep 533

<p><em>(This episode is a re-run. Original airdate was May 18, 2021)</em></p><p>“<em>Wealth is not a number, it’s a ratio.”</em> Today, Alex (@AlexHormozi) talks about a conversation he had with one of his salespeople on how they can increase their wealth by knowing the difference between volatility and risk as well as some practical plans of action that are way more fulfilling than what people think ultra-wealthy is all about.</p><p>Welcome to The Game Podcast where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart. </p><p><strong>Timestamps:</strong></p><p>(2:16) - Don’t listen to people poorer than you &amp; volatility vs. risk</p><p>(5:31) - have a strong income-to-expense ratio.</p><p>(7:47) - Pay off high-interest cards, dollar cost averaging, and acquisition channel</p><p>(12:42) - Track, don’t slack. Look at your bank account every day.</p><p>(14:53) - Recap of action plan</p><p><strong>Follow Alex Hormozi’s Socials:</strong></p><p><a href="https://www.linkedin.com/in/alexanderhormozi" rel="noopener noreferrer" target="_blank">LinkedIn </a> | <a href="https://www.instagram.com/hormozi/?hl=en" rel="noopener noreferrer" target="_blank">Instagram</a> | <a href="https://www.facebook.com/alex.hormozi" rel="noopener noreferrer" target="_blank">Facebook</a> | <a href="https://www.youtube.com/c/AlexHormozi" rel="noopener noreferrer" target="_blank">YouTube </a> | <a href="https://twitter.com/AlexHormozi?s=20&amp;t=J9vPh75tO3ow9xExYLsBDQ" rel="noopener noreferrer" target="_blank">Twitter</a> | <a href="https://www.acquisition.com/" rel="noopener noreferrer" target="_blank">Acquisition </a></p>