Levi
Appearances
Next Level Pros
#142: Alex Hormozi: Why you're still broke // Next Level Pros Podcast
So you guys have learned this principle and I would argue even mastered this principle of taking massive action, being decisive and committing to it. Was there ever a catalyst for you guys that actually caused you to learn this principle? Because I'm sure at some point you probably weren't taking decisions seriously and putting off your pain for later.
Next Level Pros
#142: Alex Hormozi: Why you're still broke // Next Level Pros Podcast
We've talked a lot about like on the micro level, these decisions, you know, working out, having these hard conversations or whatnot. But in this Alex Ramosi clip, he references in the podcast, too, is being willing to say no to fast money now for big money later. Absolutely.
Next Level Pros
#142: Alex Hormozi: Why you're still broke // Next Level Pros Podcast
And I think as entrepreneurs and business owners, we've worked with so many that they'll get like the classic entrepreneurial squirrel like, oh, well, we can add this on to our offer and package it this way. And then we could add this vertical and partner with this guy and whatnot.
Next Level Pros
#142: Alex Hormozi: Why you're still broke // Next Level Pros Podcast
I think it also relates to this ability to make decisions and committing all the way through that decision to be willing to say no and decide no on things that might sound good in the moment.
Next Level Pros
#142: Alex Hormozi: Why you're still broke // Next Level Pros Podcast
Oh, I mean, I think the easiest thing that I can relate to is just fitness, like fitness and nutrition. Like it's so easy for me. Oh, like I want to wake up in the morning and work out now, but I can always go later. But then when I wait to go later, I can always say I could go tomorrow or the next day and whatnot. And I think a lot of times we like I'm 27 years old. Yep. I'm still pretty young.
Next Level Pros
#142: Alex Hormozi: Why you're still broke // Next Level Pros Podcast
I'm taking advantage of my youth by not setting myself up for the future of when I could be experiencing more pain of like joints or whatnot by not being in shape and doing what I should be doing now to prepare myself for the future.
Next Level Pros
#142: Alex Hormozi: Why you're still broke // Next Level Pros Podcast
Have you heard the analogy of like eating a frog? So it's like, if you are told that you need to eat a frog today, a whole frog, You can eat at any point of the day, but your day can't be complete until you eat the frog. When are you going to eat the frog? And a lot of people, you know, they'll say, well, eat the frog first thing in the morning.
Next Level Pros
#142: Alex Hormozi: Why you're still broke // Next Level Pros Podcast
But if you don't eat the frog first thing in the morning, you got two frogs you got to eat that day. You got the frog that you got to eat later that day and the frog you're thinking about all day long.
Next Level Pros
#142: Alex Hormozi: Why you're still broke // Next Level Pros Podcast
It's cool because in the podcast, he references at the beginning like this. how he was just a big fish in a pond when he needed to be playing in the ocean. And the catalyst for him selling Gym Launch was at our mastermind a few years ago.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
Hey, Ken. Hey, George. Thanks so much for taking my call. Sure. I'm getting ready for about $100,000 in expenses at the same time that I'm going to be losing my income. My wife and I are getting ready for graduate school. We're both going to be starting grad school this year. I'm going to get a doctorate in physical therapy and she'll be getting her master's in dietetics administration.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
And I mean, eventually we'd love to start a business together where we can kind of help people improve their health through diet and exercise and Um, so we've known this has been coming for a long time. We've been married for four years and we've been preparing since the moment we knew that we wanted to start this career.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
Yeah. So, well, I also, my current job, I take care of a kid with autism and he graduates in May. So it just happens to work out really nice that, um, I don't, there's no more need for my job. So I lose my job. And then the next two weeks later, I start school.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
So we've been saving a lot of money. We've been blessed in so many different ways. So we have about $70,000 in a high yield savings account. We're closing another investment account that's got about $30,000 in it. And we're going to transfer that money into our high yield savings account.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
And then we've got about $20,000 in another investment account and about $20,000 in cash between our savings and checking accounts.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
So my grad school will cost $90,000 and hers will cost $20,000, but her family has graciously offered to pay for her tuition. Okay.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
Yeah. No, we have zero debt. We own a house and we've got three bedrooms and we rent out two of the bedrooms to friends and they pay 550 a month. And so really after... taking all our living expenses and our rental income. We only have to pay about $12,000 a year for our housing expenses.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
So my big question is, um, we want to be good parents. We didn't think that we'd be able to have a child and now, uh, the due date is the week after my wife is supposed to start graduate school. And so,
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
um i'm worried that the money that we do have won't quite stretch far enough through grad school and i'm also worried about how can we buy time with our child we don't necessarily want to do daycare or anything like that but um how long is your program we're not three years so you won't be working for three years
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
So I'll be out of a job for three years and my wife will not be able to work for the first year or program is accelerated, but we're also.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
Yeah. Health insurance will be covered through my graduate school.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
And Medicaid for me not having a job.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
So if she doesn't go to grad school right now, she's making well under $20,000. This year she made less than $10,000 this year. That's not even real money.
The Ramsey Show
Getting Your House In Order Is The First Step To Financial Success
Yeah, she's a full-time student and president of lots of clubs at our university. But if she gets her master's degree, then she could potentially be earning $70,000.