My Blueprint For Setting Goals | Ep 818
The Game w/ Alex Hormozi
Deep Dive
Why does Alex Hormozi recommend starting on goals immediately rather than waiting for a specific date?
Alex believes that if the benefit of a goal isn't compelling enough to start working on it today, it won't be compelling enough in the future either. Starting immediately allows you to enjoy the benefits sooner and removes the latency of procrastination.
What is the common misconception about goal setting related to time?
People often set goals without considering the time required to achieve them. They assume they can add new goals to their existing schedule without removing anything, leading to unrealistic expectations and failure.
Why does Alex suggest multiplying the estimated time to achieve a goal by three?
Alex emphasizes that goals often take three times longer than people expect. Even knowing this, the actual time required still tends to be three times longer than anticipated, so planning for this helps set realistic expectations.
What does Alex mean by 'goals have price tags'?
Achieving goals requires sacrifices, such as time, money, and effort. Alex compares goal achievement to practicing magic, where there's always a cost or sacrifice involved to achieve the desired outcome.
How does Alex recommend prioritizing goals when you have multiple ones?
Alex advises listing out all goals, estimating the time each will take, and then deciding which ones are most important. He suggests focusing on one primary goal and understanding that achieving it will partially help with other goals.
What is the strongest correlation for subjective well-being, according to Alex?
The strength of your relationship with your significant other has the strongest correlation (0.71) for subjective well-being, far surpassing other factors like health or financial success.
Why does Alex believe that most people fail to achieve their goals?
People often fail because they have unrealistic timelines, don't understand the sacrifices required, and try to achieve too many goals at once without prioritizing or committing fully to one.
What is Alex's perspective on the time it takes to achieve significant goals?
Alex believes that big goals often take years, not months, to achieve. He emphasizes that even knowing this, people still underestimate the time required, and sticking with the process is crucial for success.
How does Alex define commitment in the context of goal setting?
Alex defines commitment as the elimination of alternatives. Just like in marriage, where you eliminate other potential partners, committing to a goal means eliminating distractions and focusing solely on that goal.
What is the key difference between a beginner and an expert in achieving goals, according to Alex?
An expert can mark progress in multiple nuanced ways, while a beginner only thinks in terms of outcomes. Experts focus on incremental progress rather than immediate results, which helps them stay motivated and achieve long-term goals.
Shownotes Transcript