Bifalgorithm post

How do you make $100,000 a year doing what you love? This is the question I asked Alex Hormozzi, multi-zillionaire entrepreneur when I interviewed him on my podcast. And what he basically said was that if I had to make $100,000 doing what I love, I would basically find a super valuable service that I could do for a business, charge them $100,000 for it, and then I'd think about what the hell to do with the rest of the 364 days of the year. And what I realized was that for him, charging $100,000 for something is absolutely nothing because he's got the skills. He wasn't born with the skills. He didn't come out the womb having the skills, but he learned the skills over time to the point where he can now very casually charge hundreds of thousands to millions of dollars for his services. And it was a really inspiring moment for me because it sort of reset my bar for reasonable amounts of money. When I was growing up, way before I became an entrepreneur, basically like my parents are doctors, everyone I knew is a doctor and doctors in the UK, you know, their earnings basically cap out at a hundred grand a year. And so for me at the time, like, whoa, a hundred K a year was sort of like, it was all I could imagine in terms of how much money it is reasonable for someone to make. But what I've realized having been an entrepreneur for absolutely ages and you know, our business does a few million a year in revenue, a few million a year in profit, we do hundreds of thousands of months in revenue. I've got friends who spend hundreds of thousands of dollars a month in like Facebook ads, and they do that profitably. So they make more money than they spend. And when you start hearing these conversations and hanging out with these people and doing this sort of stuff, it just sort of helps you realize that 100k is actually not that much money provided you have learned the skills for 100k to not be that much money. And the nice thing about skills is that everything that's a skill can be learned. And so now whenever I have this thing in my mind where I think of like, you know, making a certain amount of money or whatever, charging a certain amount of money, and I think, whoa, that's a lot of money. I just think, well, it's all relative. And the fact that I think that that's a lot of money is literally just a skill issue and an exposure issue. And if you'd like to listen to the full episode with Alex, comment the word Alex down below and I will send you a link.

How do you make $100,000 a year doing what you love? This is the question I asked Alex Hormozzi, multi-zillionaire entrepreneur when I interviewed him on my po…