The speaker calls it an ignorance tax: the money you lose by not learning. If you want to earn $1 million but make $200,000 now, each year you wait costs you $800,000. Investing $10,000 in yourself beats the stock market.
If you want to make $1 million and right now you're making $200,000 a year, every year that you don't figure out how to make $1 million, you lose $800,000. That's a— I mean, I forget who Hormozy got that from, some presentation, and it was a close the guy was using. But it's like sometimes you got to close your frickin' self on the thing that, you know, you need to do, right? And so for me, it's just like ignorance tax is what he calls it, right? Like you not knowing how to do this thing is costing you so much money. And so yeah, that's why I'm big on it, because it's like I see it as an investment. If I put $10,000 in the stock market, let's put it this way. Yeah, cool. 12 months later, I now have $11,000, maybe if it makes 10%. If I put $10,000 into myself and I bet on me, do I think I can make at least an extra $1,000 that year? Um, yeah, yeah, right? So that's kind of what shifted. Gotcha. Just looking at things different, just a different perspective.
