Wednesday, March 30, 2016

You Are What You Consume

At my worst, this happened:

I drank all night until I would pass out.

I’d show up late for meetings, do deals with people who would rip me off, run away from good opportunities, invest in bad opportunities.

Have friends for what they can do for me rather than because I felt good to be around them.

Be consumed by money because I thought it could get me freedom.

Rather than the other way around – pursuing freedom and doing what I love in such a way that one (of many) byproducts would be money.

Now I know this.

One time I was in my hotel room by myself. I had hacked into my then-wife’s account, was reading her emails, had CNBC on while the market was crashing and I was literally watching myself lose my home.

I kept thinking, “I can’t believe I did this to myself again. What is wrong with me? What small thing can I start doing now to turn my life around?”

My only friends were all people who had borrowed money from me and never returned it. And other people I spoke to despised me.

I would eat junk all day long. I never wanted to leave the hotel room. I would work from there. Even worse, I paid a friend to do my work for me at my then-job.

Ugh. Forget it. It just gets worse and worse what I was going to say.

Much worse.

So then I stopped. I stopped because I wanted to believe “the body is a temple.” But unfortunately right then it was the vessel for all of this anger, jealousy, anxiety, fear.

It was the vessel for my hopes that had been twisted into despair.

There was no more rainbow, no more dream. Not like when I was a little kid.

Not like when I would go into the street as a kid after a downpour, the streets dusted with vapor and quiet, hoping to see a rainbow. Or a double rainbow.

Hoping to see a magic horse. Hoping to be a magic hero. With a magic sword. Riding into a fiery and alive sunset.

The post You Are What You Consume appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1RqF9RZ via website design phoenix

Tuesday, March 29, 2016

Ep. 160 – Ashlee Vance: Elon Musk and The Quest to Save Mankind

He didn’t have permission.

But he did it anyway. And one day Elon Musk called him.

“He was either going to make life really horrible on me or he was going to cooperate with the book” said Ashlee Vance, author of the New York Times bestseller and Wall Street Journal’s “best books of the year,” Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future.

Ashlee did 200 interviews before Elon agreed, proving permission is not a starting place.

I wish I wrote the book. But I didn’t.

My “quest” is different.

Instead, I mastered curiosity.

I called people and recorded. I did a ton of research. I read every book, article, interview and watched every talk. I’ve spent 10,000 hours interviewing and more than 10,000 hours preparing.

I didn’t need permission. And neither do you.

Here are 5 ways to bypass the gatekeepers:

A) Master something

Like anybody, Elon is smart in some things and probably stupid in others. But he mastered his interests.

Mastery is learning 90% of everything you could learn about a subject. You can’t reach 100%. I hope that’s comforting.

Explore your interests. Combine them and you’ll find what works for you. Then improve 1% each day.

Along the way, you’ll master it.

B) Make your own decisions

Elon doesn’t let people make decisions for him. They’ll choose wrong. And he knows it.

If you choose for yourself you will choose yourself.

C) Play for pay

I remember my childhood. Some of it. I read comic books and Dear Abby.

Now, at 47? 48? I search for “superhero” stories.

And I get to be Dear Abby.

“Ask Altucher.”

Every Thursday at 3:30 PM EST, I have a Twitter Q&A.

I answer texts and emails from strangers. 203-512-2161

I answer Quora questions and co-host a podcast with my friend, Stephen Dubner. He wrote the New York Times bestseller, Freakonomics.

I wonder if he read Dear Abby growing up, too. We answer questions with questions.

But before all of this, I worked in finance. I did what “they” wanted me to do. I got lost.

Elon did, too.

“He just got swept up in the internet for a little while,” Ashlee says, “and then once he made a ton of money (from PayPal), the light went on and he just said, ‘Now I can go chase everything I’ve ever wanted to go do.’”

“Elon appears to have some kind of calling to go save humankind,” Ashlee says. “When he was 12, he designed a video game that was exactly that concept.”

But at one point, he changed course. We all do. We forget play.

Now he’s saving humanity.

D) There are always problems

When I interviewed Derek Sivers last week, I said “You can always disappear from your problems.”

And you can.

He did. But then what?

Derek spends a lot time answering emails and giving advice. And Elon is exploring electric vehicles and life in space.

Everyday, I have a choice: find new problems or help others with theirs. Create problems or solve them.

When I help people with their problems, I forget about mine. Sometimes.

Elon sees extreme problems and extreme solutions. All his basics are covered. He’s doesn’t worry about his boss or the mortgage.

“The weird thing to me,” Ashlee says, “was that [when] you started talking [to Elon] about mankind being wiped out, he wells up with emotion.”

Suffering graces all life. There are always problems.

“What I saw with Elon is that he’s very clear-eyed. He meditates on what he thinks is important and has a absolute devotion to pursuing these goals”

“He gives you a sense of urgency in your life. Maybe I’m just getting older,” Ashlee says, “When I finished doing the book, I sat back and I said, ‘I need to be much clearer about exactly what I want to do with my life.’”

I don’t have the same problem as Ashlee or see the same problems as Elon Musk. And I’m grateful.

E) Be on the right side of history

You only have a certain amount of energy each day. Don’t waste it fighting the inevitable.

Going against Elon is the equivalent of going against Steve Jobs these days and you come out looking kind of foolish,” Ashlee says.
Instead, focus on building your idea muscle. Do one thing everyday that makes you physically, mentally, emotionally and spiritually healthy.


Elon Musk is changing the state of our future. Of all mankind. Who gave him permission? He did.

Resources and Links:

The post Ep. 160 – Ashlee Vance: Elon Musk and The Quest to Save Mankind appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1MQYaaP via website design phoenix

10 Ways I Deal With My Own Procrastination

It’s important I address several things first before I really start into the meat of this article.

First, when I tweet about this post many people will respond, “I’ll read it…later” or some variation of that.

That’s a funny joke. I get it.

Second, while I was writing this post, I procrastinated pretty heavily. No surprise.

And what was even better, I employed almost all of the techniques below to get over the procrastination and still be very productive.

In fact, one of the techniques I mention below is to start in the middle.

It’s worth mentioning then that the words I am writing now I am writing after already finishing the article.

So here are the 10 things you should do to make your life more productive via procrastination.


Plan B

Make a list right now of 10 things you can do that will make you feel “productive.”

If you ever feel like you are procrastinating, then just go down the list and do the tiniest thing you can do for each item on the list.

For instance, if I am procrastinating writing on a book I can take a break and start sending emails to potential podcast guests.

I procrastinated on writing this post. So I even responded to emails from six months ago (that I procrastinated on responding to then).

Do you know what? The respondents appreciated it and I kept those business connections alive.

I also read parts of a book to prepare for a podcast next week.

Or it doesn’t even have to be something related to “business productivity.” I can exercise, for instance. That will probably improve my ability to focus better in the long run.

Play

If you feel procrastination is becoming a habit, then take a step back and change your life.

Whenever I’ve been deeply unhappy in my life, I play games. I play games ALL DAY.

Games are actually good for you in general. They make you strive to improve. They improve various brain functions (spatial reasoning, problem solving, etc). They improve your ability to deal with failure (since often you will lose) and learn from your mistakes (if you study what you did wrong in lost games).

But games can also be escapist. When I’ve been unhappy in relationships or in a job, I play games all day long.

I was afraid to get married in my first marriage. I was scared I was too young.

20 minutes before I was supposed to be at my own wedding, I was at my office and hadn’t changed yet.

I was playing one minute chess (each side takes one minute, if one player runs out of time before the game is over, then he loses) against the Swiss Chess Champion. I was winning. I figured, “I can’t stop doing this. I’m winning!”

That was bad.

Escapist gaming is no good.

One technique i do now to take a step back is:

no drinking

  • go to sleep around 9pm and wake up at 5am and get out of the house to read or write or walk.
  • try to do productive gaming instead of escapist gaming. As long as I focus on improvement, it will make me better able to focus on the task at hand.
  • OR, I try to play in some way. I recommend Charlie Hoehn ’s book on PLAY to see how he used it to decrease his anxiety and become more productive.

Experiment

The word of the month for me seems to be “experiment.”

Everywhere I look I seem to be reminded of the importance of this.

A great example is Chris Rock. He’s a funny guy. He goes on stage, does his act, and everyone laughs. Again and again.

But that’s not how he starts. He goes to “The Laugh Factory” in my home town of New Brunswick, NJ and takes some crumpled notes and just starts reading them out loud in his regular voice.

If people start to laugh on a joke, he knows he has something that can be developed. If people don’t laugh, he throws that joke away.

He experiments with 1000s of jokes before he has an hour of material that a year later he can use on an HBO special.

If I am working on a project that is stagnating and I don’t feel like working on it, I try to back up one step, try a different direction.

Experiment to see if this excites me more.

When I first started a company, we weren’t sure the best way to make a lot of money.

So we experimented. We made software to see who would buy it (nobody). We started a record label (we almost signed one act and then they disappeared). We thought about starting a database for people in the entertainment industry (then IMDB came along).

We thought about making an automatic website developer but it was a lot of work (think…Wordpress).

We even thought about making a tea company but we knew nothing about distribution.

But it wasn’t bad to experiment. Learning about each of these businesses gave me useful information.

For instance, ten years later the lessons learned from how to start a tea company was useful in making a fund of hedge funds (you send out your tea/money to distributors/other funds and once a month you collect information from everyone and compile the data. Similar risks occur in each business.)

The ways we explored making money on the Internet in 1996 helped in 2009 figure out what were the best things to invest in with the sharp rise of social media.

And even experimenting with a record label enabled us to land the job of doing the websites for many record labels (Loud, Bad Boy, Interscope, Jive, etc).

When I am less productive with writing now, I try to figure out how to experiment with the form a bit more. Or be creative in some other way. Then I consider it a good day.

While I was procrastinating on this article I wrote both the first and second draft on a children’s book, an experiment I have never done before.

Smaller Is Better

When I am procrastinating on a book I take a step back and STOP THINKING about the whole book. I just try to outline what I want to accomplish with the exact page I’m working on.

The process is:

  1. find a smaller task within the bigger task
  2. outline it
  3. set a mini-deadline for doing it.
  4. drink coffee
  5. DO

For instance, I procrastinated for a few days on this very post. And then I procrastinated this morning on it.

First, I did my “PLAN B” as described above.

I responded to some emails. I sent some thank-you emails. I comment on posts in various Facebook groups I’m a member of (including the “Choose Yourself” group).

Then I got into this post and I felt a bit overwhelmed (“DO I REALLY HAVE 10 THINGS?”).

Finally I said, “do one thing” – So I thought a little harder on all the times I’ve procrastinated (since the only good advice is ALWAYS autobiography) and remembered that I always break down big tasks into smaller ones and wrote this part (“smaller is better”).

BAM!

Anxiety

Nothing to say here.

It’s just important to remember: anxiety will never solve tomorrow’s problems and will only steal away energy from today.

Surprise Myself

When I was talking to Derek Sivers on my podcast he mentioned a trick he does for TED talks. “Always surprise.”

I love that.

ALWAYS SURPRISE!

The thing with procrastination is often I am bored with what I am doing. If something is not interesting to me, I have a hard time finishing it.

So I try and surprise myself. If it’s a writing project I try to think of the most outrageous thing that has happened to me recently and put it down on the page.

And when I put it down on the page I try to start with a word that is a surprise to me.

Like I might start a post, “But then I forgot to tell you about the time the police picked me up and forced me to stay at a motel at the edge of town.”

If you can surprise yourself, it’s a guarantee everyone else will be surprised.

Hopefully in a good way. The “but” “forgot” and “police” all bring in the elements I need. Now I have to unwind them to tell a story, which postpones the procrastination.

Start In the Middle

Starting a new project is often the hardest part.

So start in the middle so you don’t have to worry about the “official” start.

This reminds me of a Neil Gaiman graphic novel, “Black Orchid.” There’s a superhero, the Black Orchid, that “stars” in the comic book.

BUT, right in the first few pages she is shot and killed. And that’s it. She doesn’t come back.

What a genius thing. To kill the hero in the beginning. To create a pseudo-climax right in the first few pages. it’s almost like he started at the end.

I started this post with the list. Then I will go back and write the beginning.

And, by the way, the last line I wrote in this post was this one.

End In the Middle

Ernest Hemingway would anticipate his own procrastination when writing.

He would sometimes end a writing session while in the middle of a sentence, or paragraph. Then he would be more excited (and be more aware) of starting up again when he came back.

For instance, if you are a programmer, end right in the middle of an “IF” statement before putting in the “THEN” part.

[I just did the PLAN B technique again for the past ten minutes. Scheduled a lunch. Responded to one email and posted a few comments in the “Choose Yourself” FB group.]

Redefine the Project

This is similar to the breaking it down into smaller chunks EXCEPT…actually change the project so it is smaller.

When I was building the website, Stockpickr, which I eventually sold for significant money to thestreet.com, I launched with only a few features.

I had planned for many more. But it feels good to “launch” and I wanted that good feeling.

The same thing can happen now with other types of projects. For instance – books. The definition of a “book” used to be mandated by the big publishers and big bookstores, i.e. 200-250 pages and 60,000 – 70,000 words.

Now this is out the window. Amazon and the rise of self-publishing has thrown out the definition of what a book is. I was just looking in the Entrepreneurship category where my 270 page book, “Choose Yourself” is #2. I sweated over that book for years.

#1 in the category is a 24 page book probably written in a week. Power to him. He had a solid idea, he wrote it up, he published it, and now it’s #1 in the category. A person can do that every month and write 12 books in a year and make a living that way.

Another time I was moving into a house I had bought (the last one I will ever buy and has long since been sold).

The construction workers wanted six more months to work on it. I said, “no” and moved right in. They felt so awkward with me right there that they finished up in a week.

Was it completely finished? No. But then bit by bit I was able to hire people to finish what was needed.

Launch first, then finish.

[PLAN B again – I just made two idea lists: “10 things that I want to see virtual reality do” and “10 TV shows/movies that have ‘Choose Yourself’ characters in them].

Read

If I’m making a list like this. Or writing a post. Or planning a project, I often get inspiration in the middle by reading.

I’ll go back and forth between inspirational books, informative, or well-written. One of them will inspire me back to what I’m doing.

I can never underestimate the ability to absorb someone else’s life by reading about it. I’m a vampire sucking out their knowledge and making my brain more powerful.

This morning, (in between the beginning of this post and right now), I read from “The Stranger” by Camus and “Better, Smarter, Faster” by Charles Duhigg (coming soon on the podcast).

Give Up

Not every project is meant to be finished.

The reason you might be procrastinating is because your body and mind might know that the project is simply no good but they have neglected to tell you that yet.

One time I started a company, built a site, and raised $500,000 for it. I’ve written about it before so won’t go into the details of the company.

But it was a bad idea. I woke up the day after raising the money and I was shaking. I literally didn’t want to get out of bed and start to work on the site.

All I keep thinking was, “this is a bad idea and a year from now I’m going to have to explain where all the money went to all of the investors.”

So I ate the cost I had already put into building the website, I wired back all of the money, and shut down the business.

There’s a cognitive bias called “The Sunken Cost Fallacy” that applies to procrastination.

When we put time (or money) into something, our brains feel like, “Ok, that’s it. Now I have to finish this.”

But it’s just not true. We don’t have to finish anything.

Often it’s good to take a step back and wait a long time (months or years) or simply give up.

This is why it’s good to have other projects on the burner as well. Always make sure that no one project will kill you if you procrastinate on it or take a several month break from it, or even not finish it at all.

In fact, it’s always good to have about five projects (no more and no less) going on at the same time. This gives you constant fuel as you go back and forth. You won’t create your way into a hole with just one project and you won’t feel overwhelmed with too many.

“Giving up” is often the most productive and efficient thing we can do in our lives to move onto the things that are more rewarding in the short amount of time we spend in this crack of light between two infinite darknesses.


I procrastinated a lot on this post. I procrastinate on everything. On all 18 of my books. On all 20 of the businesses I’ve started.

In fact, this post is the result of procrastination. I am actually working on a post: FAQ ON QUITTING YOUR JOB.

But I am procrastinating on that post by writing this post. This was my “PLAN B.”

Sometimes I procrastinate calling people back and then I end up feeling guilty and never calling them back.

And there are things I am mid-procrastination on right now that I might never finish.

Who cares?

When I die those projects will remain unfinished forever.

But when I die my kids and loved ones will be crying for other reasons.

Or not.

The post 10 Ways I Deal With My Own Procrastination appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1ZIMpuw via website design phoenix

Monday, March 28, 2016

How To Be a Great Photographer (and Maybe Everything Else)

I suck at photography.

I take a photo and, to me, it looks like puke. It looks dead. I wish I were better. 

Chase Jarvis is a great photographer. He’s won all sorts of awards. I wanted to talk to him.

So I lied. He asked me if he could interview me for Chase Jarvis Live, his website where he’s interviewed 100s of people. I said ‘yes’ but I had only one motive.

I don’t like being interviewed. It feels embarrassing. I don’t think I have anything to teach anyone. I’ve fallen so many times that I’m now broken.

I’m ok with that. That’s not what this is about.

I went to the interview. There were lights, camera, action. Chase asked, “Who are you?” to get me talking.

So I changed direction, “But first, I have to ask you…what can you tell me so that within one hour I can leave here and take the best photo I’ve ever taken?”

He laughed. I didn’t want to answer any questions. I wanted to ask.

If I can’t listen, I can’t learn. If I am speaking, I can’t listen. If I am answering, I’m not asking.

“First find out what your filter is. Do you like taking pictures of people, buildings, nature, whatever.”

Easy.

“Sad people,” I said.

“Ok. Go out on the street. Find someone you feel some sort of connection with before you take their picture. But try to be as close to them as possible.”

“How do I get close up though. Won’t that be weird?”

“Here’s what you do. Just go and talk to them. Say, ‘I’ve been having a hard time lately with grief. When I saw you I felt an instant connection and felt like you could understand and I would really like to take your picture.’ ”

I never thought about talking to them. I always thought of photographs as somehow being taken secretly.

“Won’t that make them pose?”

“No, you’re building a connection. It’s almost like you’re sharing a story. They will relate to you. You have to get good at connecting with people in ten seconds.”

More important than technique. More important than equipment. More important than the angle or the sunlight or the details of the photo was simply the art of connection.

Two people connecting can create a work of art. Nothing else. I liked that.

People sometimes ask me, “What software do you use to write?” I use  Facebook status update. And I make sure I have something to say.

After we were finished I went outside and saw a woman that looked interesting.

I asked her where she was from. She said Mexico. I asked her since she was from Mexico, what were her feelings about Donald Trump?

She said, I’m for Donald Trump.

I said, You might be the only Mexican ever who is for Donald Trump.

She said, Everyone is the same. I’m sick of the same. Maybe he will do something different. Change is important.

Not all change is the same, but I left it at that.

I said, show me your tattoo.

She had a tattoo of an elephant on her arm. She picked up her sleeve so I can see all of it. She told me sometimes she and her husband have had hard times.

I said, Can I take your photo.

Yes, she said.

So I took her photo.

It wasn’t a good photo. But it was my first attempt at taking a photo based on connection.

Today I will try again. And tomorrow. And then the next day. If I don’t get better, I will at least have fun trying. And what else is there in life but to play as much as possible?

Every attempt at art depends first on connection. Every business depends on connection.

When I tried the original iPod I listened to all of the music I loved as a kid. I was walking around with a smile all day.

Steve Jobs somehow connected with me through that iPod.

I’ve read my favorite book of stories over 300 times. I fall in love with it each time. It’s about characters that seem so lost but bit by bit they hang onto their lives through their connection with each other. I can relate to that.

If I want to sell an idea, if I want to convince, if I want someone to like to me, I have to figure out how to connect.

The only skill for survival and success is having that ability to connect.

I’m glad I learned something from Chase. My ego hopes he learned something from me but I don’t know.

I’m not going to post the photograph I took. I’m shy about it. But I’ll post one of my favorite photographs instead. My favorite changes maybe every day. But this is today’s favorite. It’s about fear.

This post. This photograph. You. Me. I hope we can tape this together. I hope we can connect.

“Everyone always asks me what camera I use,” Chase said, “But greatness is about storytelling.”

The post How To Be a Great Photographer (and Maybe Everything Else) appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1LUhlFY via website design phoenix

Wednesday, March 23, 2016

Are You A Somebody? Or Are You Just Waiting For One

When you wait for a “somebody,” you’ll be a nobody.

Bukowski wrote every day for twenty years without any hope of publishing. He sent out his poems to the smallest literary journals. He’d give readings in bars and classrooms on his own dime.

Finally, John Martin from Black Sparrow Press offered to pay him $100 a month. Bukowski quit his job at age 49, accepted the offer, and began his first novel.

One month later he finished, “Post Office,”  and it instantly became a bestseller, launching a massive career.d

Could he have done it earlier? Of course. $100 a month didn’t really mean anything to him.

It was the 20 years of daily work without hope for compensation that enabled him to act when the time was right.

It was the 10 years of doing readings and self-publishing “chapbooks” and appearing in small literary journals.

It was dealing with all the rejection and failure along the way. It was reading every writer that he admired over and over again.

It was dealing with all the critics that hated his work. He hated his life but loved writing.

All of this while working 9 hours a day at a job he hated and then writing all night.

It’s hard to get “chosen” to succeed. Nobody will do it for you. There are no magic blessings from the gatekeepers.

It’s even harder to put in the work by yourself and lonely and struggling.

But then it works. Choosing yourself, without expectation, is the formula. He said, “I’m going to do this.”

Then everything clicks. You never look back.

The post Are You A Somebody? Or Are You Just Waiting For One appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1RleDWJ via website design phoenix

Tuesday, March 22, 2016

Ep. 159 – Derek Sivers: The Zen Master of Entrepreneurship

The most powerful currency in the world is not what you think.

Not anymore.

We’re turning to a new economy with two new, powerful currencies.

And you have an opportunity, right now, to build a more fulfilling and rewarding life.

I’m going to tell you what these two currencies are and how to leverage them successfully. 

But before I do, I want to introduce you to Derek Sivers. He’s an influential thinker, speaker, entrepreneur and the zen master of entrepreneurship writing.

If you’re starting a business, you have to read his book, Anything You Want: 40 Lessons for a New Kind of Entrepreneur. It’s in my top three.

Derek built his business, CD Baby, around doing people favors. It became the largest seller of independent music online, with $100 million in sales for 150,000 musicians.

Derek later sold CD Baby for $22 million and gave the proceeds to charity.

“If you focus entirely on others the world seems to reward you the most,” he says.

That’s one of the two most powerful currencies today: favors.

But there are limits.

“You have to serve others within the limits of what you’re able to sustainably do. You can’t do something that makes you absolutely miserable,” he says.

That’s choosing yourself.

I got a lot of ideas from interviewing Derek, which is the other currency: ideas. But you already knew that.

Derek moved to New Zealand. He takes 3-day hikes, spends 30 hours a week with his family, and answers thousands of personal emails asking for his advice.

He wrote a list of his priorities and said “I don’t want to do anything else right now. (No more interviews or speaking at conferences until further notice.)” This is his last interview for awhile.

I’m grateful he chose me. Chose us.

And chose himself.

I encourage you to write him.

And listen to this interview. Share what you learned.  I wrote a list — 7 ways to a “make a killing” and master the new economy.

Derek quoted Kevin Kelly, futurist and founder of Wired. He said, “We should focus on making a living, not on making something huge.”

Derek changed it to “It’s about making a living, not making a killing.”

To me, that’s success in the new economy.

7 ways to a “make a killing” and master the new economy:

A) Leave in the cracks

Derek was listening to Sheryl Crow. But he didn’t know it was her. Her voice cracked. And she got his attention. “That little fault is what made me like her,” Derek said.

B) Admit your faults

I know I’m bad at a lot of things. Derek gave an example. When I interviewed Ramit Sethi, I admitted I forgot to read something. And I wasn’t totally prepared.

“To me it kind of seems like a brilliant way of asking the world to love you,” Derek said.

And maybe it is.

Everyone wants love. How sad is it that we, as humans, contemplate hiding ourselves?

We have two choices: be yourself or fear being yourself.

C) You can always disappear from your problems

But do you want to? Did Kurt Cobain kill himself because he was too famous? Or because he got everything he wanted? And didn’t know what to do with it.

We always want things. Happiness, love, appreciation.

But then do we ask for the right things? Raises, promotions, more responsibility, less freedom?

You can choose f-ck you money and f-ck you problems. Or you can focus on happiness. That’s what Derek did.

He had a company, CD Baby. It’s basically the original iTunes. People said he’d get a lot of money with an IPO. But he didn’t do it.

“What’s the point of making money?” Derek said, “ It’s to be happy.”

“And if it would make me unhappy to have so much responsibility then I’d rather not make more money. I’d rather just focus on the happiness.”

D) Do more favors

Anyone can do this.

Derek started by selling old CD’s online.

He made money right away. So people asked for favors. Can you sell my old CDs?

He said yes. And it spread. Friends of friends asked. Then strangers and soon he had a profitable business.

But do it for yourself first. Learn the skill. Then, do it as a favor for someone else. See if more people ask. And then you have a business that cost you no money to create.

E) Answer asks

Derek didn’t offer to sell his friend’s CDs. They asked him.

“By doing favors for people it implies that people are asking you to do those favors and to me the key is the asking,” he says. “Bluntly put, you shouldn’t start a business unless people are asking you to.”

F) Passion is poison

Only search for passion if searching for passion is your passion.

We’re brainwashed to believe we’re not alive. That we need a purpose. But you’re alive.

Passion or no passion, you are alive.

Derek says, “Instead, just follow the little things that interest you. Just notice on a day-to-day basis what you’re drawn towards.”

G) Only have good goals

That’s how Derek became “a writer, speaker, thinker kind of guy.”

The idea came to him. And suddenly he was inspired. “I put so much work into this and then within nine months I was speaking at TED in front of Bill Gates, Larry Page and all these intimidating people.”

He says, “A good goal is one that actually changes your actions in the moment. Goals are not about the future,” he says. “Goals are about changing the present moment, changing your present actions.”

Listen now to my podcast with Derek Sivers. And let us know what you think.

derek@sivers.org

@jaltucher

Resources and Links:

Also mentioned:

Sponsor

Freshbooks – the #1 invoicing software for small businesses. I know and work with people who use Freshbook. It’s a really easy service. If you’re a freelancer or have your own business, I recommend Freshbooks for you. Go to http://ift.tt/1ZpaNRL and let them know I sent you. Thanks.

The post Ep. 159 – Derek Sivers: The Zen Master of Entrepreneurship appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1S3YapI via website design phoenix

About the Time I Lost All of My $2 Bills

I lost 2000 two dollar bills.

I had them in a backpack. Perhaps it’s ironic that the backpack was a gift from Q&A website Quora where I was a “top writer” for 2015. I can answer questions all day long but maybe nobody should listen to someone who loses 2000 $2 bills.

In any case, I began my search.


I went to the Apple store. I was there earlier in the day because I had accidentally dropped my iPad too many times and the screen was all cracked.

“What the hell happened to this?” The workers gathered around. I Jackson Pollacked that screen and was using it until the last minute.

I bought a new one. Declined the insurance – “you know you can replace this if it gets smashed again?” said the guy when I decline.

I left the store and promptly dropped the iPad on the ground.

Ok. Now I went back. A new cast of actors were wearing the Apple employee t-shirts.

“Did anyone find a bag?” I said.

They looked at where I had been. They looked through the lost and found.

I was checking out the iPad Pro in the meantime. The keyboard looked decent. I want to find some use for it but I don’t know. It’s too big so how would I carry it around?

“We don’t have it,” they said to me.

Who can know? What if a worker had found it, opened it up, saw the money (it was in a transparent pouch in bundles of 50 $2 bills), and decided to take it home.

When I was younger maybe I would have taken that money if I were working at an Apple store and found it.

I hope I wouldn’t have. But I don’t know. There’s no way to know now, 20 years later. Would I have felt guilty if I had done it? I just don’t know.


I went to the cafe I go to every morning. It was nighttime already.

Every morning I go there and sit in the back and there’s nobody there and I read. I order two coffees and a water. I can sit there for hours.

The same two people work there every morning. But at night they were gone so I didn’t recognize the people in there.

I asked if they had found a bag. “Nothing is in the lost and found,” she said, “I’ll check the back office.”

What else can I say? I have to admit, I love the cheese danish, even though I don’t like cheese. I waited.

She came back with my bag. “Here it is.” Then she opened it. All the bundles of $2 bills fell out.

“Oh,” she said and looked at it. Her co-worker looked at it.

“We can’t give it to you,” she said, “you have to appreciate that you would want us to be as secure as possible with this stuff.”

“But who would come in here asking for a bag?” I said. “I’m the only one who could know I lost this bag.”

But she had an argument. Maybe I should have mentioned the money in advance.

I pointed to my jacket, which by coincidence was the jacket the same site, Quora, gave out to the top writers of 2013.

“Look,” I said. “The same company on my jacket is on the bag.”

“I’m sorry,” she said, “But I’ll call the people who work here in the morning. You said you left it then, right?”

She called both people. She described me (“Hair”, “glasses”, “Yes – Caucasian”, “Says he’s the only one here every single morning”.)

They didn’t recognize me by her description. Nobody wanted to give me the bag. “Were you with an Asian person?” she asked me once when talking one of the people. “No,” I said. “It was empty here for two hours.”

She took my picture and sent it to one of them but I was standing there for a half hour and nobody called back.

Finally the owner came in to close down the place. She explained the situation to him. He looked at the Quora logo on the bag and my jacket. He said, “Just give him the damn bag.”

She gave me the bag.

When you “Ready. Aim. Fire” sometimes you aim for too long and you lose customers, respect, and opportunity. You lose your chance.

When you “Ready. Fire. Aim” you may miss sometimes, but you’ll hit the bullseye more than everyone else.

And you’ll practice You’ll get better at knowing what risks to take, you’ll get better at being decisive, you’ll learn more, you’ll have more interesting stories.

Repetition and persistence is the only way to get better at risk-taking. Success is about taking risks but knowing how to reduce damage. You only learn that through persistent practice.

I’m going to go to the Apple store now and use $2 bills to buy a new iPad. Maybe I’ll get the Pro this time.

The post About the Time I Lost All of My $2 Bills appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1UCpbXa via website design phoenix

Monday, March 21, 2016

Don’t Put Your Life On Hold

I thought I had to put my life on hold until I wrote and published a novel. Then I can finally take the job I wanted.

First I need to be something special, I thought. Mistakenly.

I turned down three great jobs. I was more and more miserable. I wrote four novels. Nobody would publish them.

Another time I thought I had to put my life on hold until I sold a business. Then I could “relax” and “get in shape.”

Another time…. and….another time…

And so on.

Eventually, instead of publishing a novel, I took the job I had turned down two years earlier and my life changed forever.

I had put my life on hold for two years.

Another time, instead of first selling the business…actually, I DID put my life on hold then. Unfortunately, the real world is not only filled with positive examples.

But I do know this: if I put my life on hold, then they win. They will destroy me.

There is always a gap (small or large) between where we are and where we would like to be.

The gap is filled with excuses. You don’t have to stop the excuses. It’s hard to do that. Just notice them. Say, “it’s ok. These are just excuses. Eventually I won’t have them.”

Forgive yourself before you choose yourself.

I write this because I dealt with this 25 years ago. I dealt with this last year. I deal with this right now. Every day.

Who wins? Who are “they”?

The people who are sitting in your heart right now. Weighing it down. Killing you. With their judgments about what is “right.”

But really in every case there is ultimately only one person. And I see him. In the mirror.

The post Don’t Put Your Life On Hold appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1o1KZNX via website design phoenix

Thursday, March 17, 2016

What are the Habits of Wealthy People?

Someone asked this on Quora. I answered. I am sorry to say that some of what I’ve written below, I’ve written before. Some of you have read it.

That’s ok. Again, I always say this is what worked for me. Some people might say, “ugh, he’s written some of this before.”

Sometimes I am not 100% original. But I always have to remind myself anyway.

The best advice is 100% autobiography.

So this is my story and maybe someone can benefit or maybe someone can’t. I don’t want to be presumptuous.

This is my answer:

I took out a big life insurance policy and then debated killing myself. Then I lost my home. Then I lost my marriage. I drank a lot. I lost everything. I lost my self-esteem. Or maybe I never had it to begin with.

The IRS was after me. I lost money in a fund I started. I lost all the money in a business I started. I was afraid to return calls. I’d cross the street rather than talk to people. So I lost my friends.

Those were the bad habits.

I can’t speak for others. But when I first made a lot of money (> $10,000,000) I had many bad habits. And I lost 100% of my money. I went broke. I went into exile.

Money doesn’t make you better. It doesn’t really increase your freedom. It doesn’t make you more lovable. It just magnifies what is already inside of you.

And past history is often future character. Unfortunately for me.

But then about the second or third time (or fourth time – who keeps track) I lost money, I was on the floor and I was thinking: what the F?

How can this keep happening to me? I keep making it! Why can’t I keep it?

So I made a list of the things I was doing on the way up. And a list of the things I was doing on the way down.

And it was simple. Don’t buy any self-help guru program for riches. I just started doing every day the things I did on the way up.

I’m about to tell you them. But let me tell another story.

I used the ideas below to make a lot of money starting around 2009 (the last time I went broke. The first was in 2000).

But people kept saying to me, “Easy for you to say. You have money.”

So then, unfortunately, I got some proof.

Bad things always happen no matter what. So a bad thing happened to me. I had a big investment in a public company that was worth millions.

The largest shareholder in the company allegedly (I have to use that phrase) took a large amount of money from the company. Nobody knew. The company went to zero within weeks.

I lost several million.

I found out when, ironically, I was invited to hang out on the set of the TV show, “Billions.” I highly recommend the show.

I found out mid-day and had the rest of the day to go to spend time with the cast and crew and learn how a TV show was show.

Afterwards, when I told the writers what happened they couldn’t believe it. They said I was just as enthusiastic and curious in the afternoon as in the morning.

Ok.

But it was in my head. And I said, “Ok, now is the time to practice what I always say I did or else I could be in some serious trouble.”

So I did. One year later I can say the results have been startling. The money lost, pretty much made back. My relationships…better than ever. My health…better than ever. My creativity…doing well. My gratitude….I am grateful that my own advice has the best testimonial….once again from me.

Here are the habits I do every day.

Most important – I don’t think about past or future. I just think: did I do these habits today?

That is the only question I ask at the end of the day.

I try to improve 1% each day on:

Physical Health

  • sleeping, eating well, exercise (which might just mean…enough movement per day. It doesn’t mean gym time).

Emotional Health

  • Improve friendships
  • Get rid of the people who put me down or make me feel bad about myself
  • Improve my own ability to hold onto my self-esteem rather than outsourcing it to others. It’s hard enough for other people to deal with their own self-esteem, let alone mine.
  • Love strangers
  • Love my family
  • Don’t judge myself too harshly

Mental Health

  • Write down 10 ideas a day to exercise my idea muscle. The benefits of this are enormous. I just sent ten ideas, for instance, to a $100 billion company that asked me for them. I build networks, make money, create opportunities, become creativity, because i write down 10 ideas (most of them horrible) every day on a waiter’s pad.
  • Write, draw, create, in some way

Spiritual Health

  • Simply be grateful every day. Find something difficult to be grateful for. Like a breakup. Or…like losing money.
  • Note that spiritual health has nothing to do with religion, with meditation, with blah. Only gratitude. Make things simple.

One Question a Day

  • At the end of every day ask, “Who did I help today?”

Financial Habits

  • The above are the most important habits. If I don’t do those, I’ll never succeed. I’ve seen this over and over. But there are financial habits.
  • Never invest more than 2% of your net worth in any one thing. And that includes downpayment on a house. Or college for kids. Or private investments. Or stocks.
  • When you invest in a private company…people is more important than idea or industry. Invest with A) someone who has been CEO before of a successful company and B) with co-investors who are smarter than you and C) in a demographic that is trending upwards.
  • I keep the rest of my money in cash and I use it to invest in myself. I invest in myself with:
  • experience
  • education
  • stories (I’ll do anything for a good story)

Books

This isn’t quite a financial habit so I split it out. Read a mix of non-fiction and fiction each day. It doesn’t matter what you learn. Don’t stress it. You’ll absorb.

Books are the way to get a lifetime worth of experiences in just a few days. And you can do that 100 times a year. So (let me do the math), that’s like living 100 years in one year. Or something like that.


Some people say: “I can’t do that every day.”

I promise you that you can. I really promise this. It’s not so hard.

But I can’t exercise…just do 20 pushups and take a walk around the block.

But I can’t write down 10 ideas a day…it takes five minutes.

I can’t read a book!….Just read 3 pages.

Pull out a calendar. Check the box every day you do all of the above. Make sure you never miss a day.

Oh! Another important habit.

Never, NEVER, blame someone else for your misfortune. That’s similar to out-sourcing your self-esteem to someone else: a boss, a relationship, etc.

The only way someone invented cures, was because someone got sick. Take responsibility for yourself, so you know the future cures. That’s how you live longer and happier in every way.

One more thing I do every day: do at least one thing to get myself out of my comfort zone. A dare a day.

Like writing a post telling you how much money I lost and how I’m proud of it.

Being proud of how much money I’ve lost for others right when I am trying to raise money for another project.

That makes me scared and uncomfortable.

But I want my comfort zone to be as big as possible. So I can live large. So I can help others. So I can be myself. And proud of it.

The post What are the Habits of Wealthy People? appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1Z592ZT via website design phoenix

Tuesday, March 15, 2016

Ep. 158 – Terry George: Hotel Rwanda and the Art of Suffering

If I didn’t listen to my pain, I’d be dead.

I’ve interviewed hundreds of “successful” people. And when I ask them to look back, they always see two things: struggle and a story.

These are hero stories — choose yourself stories.

Directed by pain, they found passion. Because they listened.

When I look back, I see I was alone, on the floor, broke, desperate, hopeless. 

I ignored the pain. I wanted to die. And then, something shifted.

But you don’t need to hit rock bottom to be successful.

You just need something that ignites you.

“There’s a moment, a chemistry, where people find a spark… something inside you triggers greatness,” said Terry George. He wrote and directed the award winning film, Hotel Rwanda, and the upcoming film, The Promise, about a love story during WWII’s genocide.

“I’m not interested in suffering,” he says. But he is. “I’m interesting in alleviating it.”

He grew up Catholic during Ireland’s struggle for civil rights across a divided nation. “I got beaten up in playgrounds and shit like that. There was definitely a sense that you were not welcome to put it mildly.”

“That was was my education,” he says.

He never thought about turning something horrific into a movie.

But that’s exactly what he did. Through film, he connects us to human frailty, vulnerability and fear. He calls it “a universal language.”

That’s the art of suffering.

Resources and Links:

  • Watch Hotel Rwanda and Terry’s upcoming film, The Promise
  • Mentioned in today’s interview: The Tunnel, My Left Foot, Working Class Heroes

The post Ep. 158 – Terry George: Hotel Rwanda and the Art of Suffering appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1M5HC3T via website design phoenix

Wednesday, March 9, 2016

Why We Should Abolish the Presidency

The other day, two potential leaders of the free world were insulting each other about the size of their hands (and the sexual tendencies that hand size might predict.)

So….

Are these masters of intelligence, with their grasp of world issues and sexual euphemisms really needed in our modern society? Did the Founding Fathers have the foresight in 1789 that all of their rules would still be needed in 2016?

Here’s my question: What does the President even do? Do we need one?

In fact, one step further: I think the institution of the Presidency has largely ruined my life and the lives of most other people.

My proposal: We don’t need a President of the United States. In fact, he (or she) is useless.

First off, the Constitution doesn’t even address the powers of the Presidency until Article II. The Founders clearly thought the legislative branch was more important, i.e. the actual branch that creates laws, declares wars, etc.

The only original reasons the founding fathers had for an elected legislative branch (a republic instead of a democracy) were:

A) There was no way to transmit information quickly to the voters (now we have the internet so everyone can actually vote and be informed)

B) The founding fathers figured only rich landowners could afford to be congressmen (still mostly true) so that their interests above all would be represented (again, not a true democracy but more a bastardized distortion of one).

Given that, what do we even need a legislative branch for given that “B” is not necessary and “A” can be replaced by a country-wide digital voting system for any issue that comes up.

And, given that, that will eliminate all lobbying and reduce the number of laws passed, most of which are useless and do nothing but cause taxes to be raised to pay for the new laws (and enforcement of them).

So what’s the Presidency for? According to the Constitution:

Wars

Lately the Presidents have been declaring wars. We’re in Iraq, Afghanistan, Syria, and probably three or four other places I don’t even know about.

The only problem is, according to the Constitution, the President is not allowed to declare wars.

Only the House is. The last war the House has actually declared (the only body of government actually allowed to declare war) was World War II, in 1941. And that was after 11 million people were already killed or about to be killed. Oops! Too late!

So the President, I guess, took “actions” in Korea, Vietnam, Iraq, Afghanistan, Grenada (??), and a dozen other places I would never want to step foot in.

It’s such a simple math: if you get rid of the Presidency, millions of American children will live to be adults instead of dying on foreign soil.

And millions of civilians in other countries would be left alone. Seems like a good deal.

Treaties

Since 2000 there’s only been two important treaties that have been ratified, both dealing with the US and Russia limiting nuclear arms.

This is clearly important. We don’t want people sending around nuclear missiles at each other, which is what I guess would’ve happened if the President of the United States didn’t figure this all out for us.

Since this is an important issue (and looks like the ONLY important issue from an international perspective), my guess is we can just elect some specialist in nuclear proliferation to become the “head of nuclear treaties”.

Then we, the new legislative branch democracy, would vote on whether or not to ratify the treaty. All good.

Guess what!? The President doesn’t really have any other power. Well, you might say, he is

Commander and Chief of the Military

A couple of points: He’s not really commander in chief.

I’m not going to make fun of the last few Presidents. But if you do the slightest bit of googling on Clinton, Bush, and Obama, you can see that none of them are qualified to be Commander in Chief of a Girl Scout unit, let alone the Army, the Air Force, the Navy, etc.

Second, since the House hasn’t declared war since 1941, what’s the big deal about being Commander in Chief of an Army that hasn’t legally done anything since 1941.

I know, I know, we’ve been in a lot of wars, justified or not. They are “defending my way of life,” etc etc.

Here’s what’s really defending my way of life. Not somebody fighting in a jungle in Vietnam or Afghanistan but global capitalism.

The more we trade and do business and support the economic development of third world countries, the less likely they are to want to bomb us (which has happened once in 50 years and not by a country but by a terrorist group that we successfully fought more through seizing bank accounts than through military actions).

My solution: eliminate 90% of the ground forces. Keep enough of the Air Force around so we can retaliate if anyone really does invade us.

And keep the Navy around so we can ensure that Somalian pirates don’t get in the way of free trade.

“But what if China invades us?” you might say. Well, I have nothing against good Chinese food but think about it: China already has invaded us. They have $2 trillion of our dollars. We only have $80 billion of our dollars in the US Treasury. As Bush would say, “Mission Accomplished!”

Laws

From the Constitution: “He shall from time to time give to the Congress Information of the State of the Union, and recommend to their Consideration such Measures as he shall judge necessary and expedient;”

I totally forgot about that. He can RECOMMEND things to us. He can have OPINIONS. That’s amazing!

How can I forget that? Like he can recommend the Department of Education which, since it’s creation, the US has gone from #1 in the world in education to #18.

Or he can recommend that Fannie Mae reduce their lending standards so that more people can afford homes (eventually causing the housing bust, financial crisis, etc).

Instead, lets have a digg or reddit-style system where people recommend things, back it up with essays, facts, etc and have people rank the recommendations.

Then the top 100 ideas ranked gets voted on by…the legislative branch, which is now the direct electorate instead of a bunch of buffoons we elect who don’t really represent our interests.

Supreme Court

He can recommend judges to the Supreme Court that the House has to then ratify.

Again, I propose a digg-like system where judges present their credentials and the 150mm non-children in the United States vote them up or down and when we need a new Supreme Court Justice we decide which, of the top 10 should be that justice. And we do it through voting.

You can argue, judges should be outside the voting system. But they aren’t anyway – since we elect a President based on hand size who then picks the judges.

Parties!

Finally, the LAST THING, the President can do. He can throw parties! That’s right. This is in Article II, Section 3 of the Constitution.

When a visiting Ambassador comes and visits us, the President is allowed to throw a party to greet him. There’s usually a very nice dinner. Then a dance. Then maybe a movie or a show.

And a receiving line where lots of people can spread germs kissing each other and shaking hands. And everyone dresses in tuxedos. Why do we need a President to do it? How about Martha Stewart? Or that other lady on the Food Channel. Or Wolfgang Puck. I nominate Wolfgang Puck for party-thrower.

There’s’ nothing else the President can do legally. All of the other stuff is artificial. He can go to funerals. He can create new cabinet level departments (Education, HUD, etc) that require massive buildings, budgets, and takes away people from private industry to give them sinecure BS jobs that last forever.

FAQ:

I need an immediate FAQ here to answer the obvious questions:

WON’T THIS LEAD TO ANARCHY OR A MILITARY COUP?

I’m just recommending getting rid of one man (and the entire mega bureaucracy that supports him.) The US runs just fine whenever the President doesn’t get in the way.

We could’ve avoided the housing crisis, the wars, the massive inflationary budgets and debts, etc.

We have governors and local police forces to deal with anarchy. And since I’m also suggesting massive de-militarization (since we haven’t had a legal war since 1941) that avoids the chances of any military coup.

WHO WILL VETO THINGS?

Obama has vetoed 2 laws during his administration.

W. vetoed an entire 11 laws in 8 years, 6 of which were overridden and/or passed with minor changes.

So that’s an easy one: either let the Supreme Court override stuff (which they do anyway if they deem a law “unconstitutional”) or let the people override.

WHAT ELSE DOES THE PRESIDENT DO? DOESN’T HE DO ANYTHING?

No, constitutionally he does nothing more. In all of the Amendments to the Constitution that came later, the only important one dealing with the President and his powers is Amendement 22 which LIMITs the power of the Presidency by saying a President can serve no more than two terms.

They did this because Roosevelt, on many occasions, tried to take too much power away from the people, the states, and the Constitution, during his three and a half terms.

So, Congress and the States, correctly, limited the powers of the Presidency so that a single man can only run havoc throwing parties for two terms instead of infinite.

IF WE HAD A ‘TRUE DEMOCRACY’ WON’T 51% OF THE PEOPLE VOTE THEMSELVES MONEY?

Duh, that ALREADY happened and nobody stopped it. 51% of the country is on some form of unemployment or other government handouts.

Most of those handouts created by Presidential “special actions”. Rather than taxing the middle class (the upper classes will always figure out how to avoid taxes. It’s hard to touch them) why don’t we figure out incentives for the 6 million private businesses to simply hire one more person each.

That would completely solve unemployment, would feed millions of people, and create a culture of ambition that would lead to a true trickle down effect. The dollars are already in the system.

Every less dollar spent by the public sector will, by definition, be spent in the private sector. Let’s get some smart people on this already instead of having the President just write checks to everyone.

WELL, WHAT ABOUT THE VICE-PRESIDENT? SHOULD WE GET RID OF HIM ALSO?

Of course not! Someone needs to go to the funerals of dead Kings of other countries.

That’s a real boring job. Do you want to stare in the coffins of a lot of dead people and pretend to look somber during the funeral?

If someone is willing to do that, then by all means give it to them. In fact, sign me up.

The post Why We Should Abolish the Presidency appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1W9pQNz via website design phoenix

Tuesday, March 8, 2016

Ep. 158 – Gary Vaynerchuk: How to Be Successful By Being Yourself

Fifteen percent of you won’t like this interview.

“I like that,” he says, “I like being doubted.”

But I don’t doubt Gary Vaynerchuk.

I like his message. That’s why I’m giving away 100 copies of his new book, #AskGaryVee: One Entrepreneur’s Take on Leadership, Social Media, and Self-Awareness. The details are on my podcast.

Gary is the first to admit he doesn’t know everything.

But he knows everything about everything he knows.

“I talk emphatically and with enormous bravado about the things I know and understand,” he says, “and I hedge and punt things I don’t understand.”

Gary is transparent. Authentic. Self-aware. And successful.

So successful that I dont even like introing him.

He wants you to win. And I do, too.

“When you understand yourself, you’re able to navigate the world,” he says.

But navigating is hard.

I have more misunderstandings than understandings. That’s ok.

Because it allows me to be curious everyday, do this podcast, write and read three, four or five books a week.

“Self-awareness is the single best attribute anyone can be gifted with,” Gary says.

But people don’t know if they’re self-aware or not.

“Don’t live life hoping and wishing you were something. Start for the first time in your life actually deciding what you are and navigating around that,” he says.

Listen to my interview with Gary. Get to know him. And yourself. So you can navigate the world and get your intro. Whatever that may be.

Listen now for your chance to win his new book. I recommend it.

 

Resources and Links:

The post Ep. 158 – Gary Vaynerchuk: How to Be Successful By Being Yourself appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/21jNWGH via website design phoenix

I’m Giving Away 100 Books

I’m really grateful to everyone who listens to my podcast. You let me do what I love. So to thank you for listening, I’m giving away a hundred copies of Gary Vaynerchuk’s new book.

It’s really easy to enter.

All you have to do:

  1. Subscribe to my podcast (The James Altucher Show) on iTunes
  2. Rate & review it
  3. Tell me you entered

Just email me at win.jamesaltucher@gmail.com or tweet me @jaltucher or anything really. Just to let me know you did it.
Good luck! And thanks.

The post I’m Giving Away 100 Books appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/21jNWGD via website design phoenix

Monday, March 7, 2016

Started From the Bottom Now I’m Here

If you were my boss, I was constantly trying to kiss your ass.

I would try to impress you every day. I was not me anymore. I was a reflection of what you wanted me to be. 

This was when I hated myself the most.


“Why don’t you just write the truth! Your boring life growing up in the suburbs!” she wrote to me.

Ok.

I grew up in a suburb made up of mostly Jews and Indians. The Jews were mostly low-level executives who commuted to New York. The Indians were mostly doctors.

There was one Italian. He ran MTV.

Everyone was obsessed with money all of the time. But despite this obsession (because of it?) nobody ever had enough.

I wanted a computer. My dad said, “Next month. I have a big deal happening then.”

We had that conversation every month for ten years in a row until he went broke and only listened to music on his headphones for the rest of his life.

My hebrew school carpool was me and three other kids. Those three kids are now dead – two suicides and a disappearance.

Hebrew school is no place to fuck around. They are all dead. I am still alive.


Some people say being “authentic” means to share everything. This is bullshit.

Just be honest about everything you say. And say something unique.

To be authentic, tell us when you hit bottom. And only then – what did you do to get out of it?

Then I can decide whether or not to listen to you.

Good advice is good autobiography.

Bad advice is just another idiot trying to be a gatekeeper.


Drake has a song “started from the bottom”. The main chorus is “Started from the bottom now I’m here.”

The first shot in the video is a bunch of kids playing soccer in their soccer uniforms. Middle class or upper middle class kids. Just like Drake was.

Then there’s a shot of Drake in cheesy hip hop clothes dancing awkwardly while he raps.

Guess what? He’s being authentic. He’s a suburban middle class kid from Toronto.

The rest of the song is a tongue in cheek, almost parody, gangster rap song.

Many people were critical of Drake because they felt he wasn’t authentic because he came from a suburb.

They had a perception of authenticity that was wrong and they prefer pseudo-authenticity to actually listening to the music.

Even worse, here’s what most people don’t know. He’s Jewish. His mom was white and Jewish and Drake went to Hebrew School and is Bar Mitzvahed.

Being authentic means find a pain inside of you. Tease it out somehow. Solve that pain with writing. With story-telling. With starting a business. With not living someone else’s definition of what you should be.

Inauthentic is kissing ass to a boss. Placating to an audience that won’t like you if you were your real self.

Working on something you hate because you are afraid to do something you love.

Nassim Taleb once told me the best job a person can get is “Night watchman.” Because then nobody is around, you don’t really have to do anything, and you can pursue what you love.

I love writing. I love describing how I hit my own personal bottom many times because I’m such a loser and how I climbed out of it each time.

BS self-help gurus teach the Law of Distraction to make you think that bad things won’t happen to you. This is inauthentic.

What makes me happy is that whenever the shit hits the fan, the same things always help me climb out. I write about them. They work for me but maybe not for anyone else.

I always make sure every day I check the box on AM I DOING SOMETHING FOR:

  • my physical health
  • my emotional health (new friends, improving my relationships (or pruning them), loving my kids).
  • creativity – because every human is made to pursue their frontier and over past it. I like to write ten ideas a day. Every day. To exercise my idea muscle.
  • gratitude – because fear and gratitude can’t exist in the brain at the same time. I like to do “difficult gratitude” – find reasons to be grateful for painful situations. This stretches the gratitude muscle.

In the past six months I’ve started from the bottom and now I’m here because of these four things. Again.

For me, this is being authentic.

One of my favorite writers told me, “if you don’t write about this, you will DIE as an artist.”

It takes awhile to process so you can speak about something with honesty, creativity, and gratitude – no matter how bad the situation.

Everyone has their opinion. But your life is the unique fingerprint you leave on this planet. The shitstain left over when death flushes you away.

Don’t live someone else’s opinion of what your life should be. Else you are constipated (really stretching this metaphor here).

Anyway.

Drake also says in the song to his detractors: “I’mma worry about me, give a f**k about you.”

Despite the above line, Drake was upset enough about his detractors he felt compelled to write that line.

I don’t care what people think about me…most of the time. But when I do care, I ask “why?” What pain button is being pushed this time. Then I write about it.

Is it pain that nobody will ever like me again? Is it pain that I am being misunderstood or judged incorrectly?

It’s like that cartoon: “I can’t go to sleep yet. Someone is WRONG on the Internet!”

Then I write about it. Then I hit publish. Then sometimes the pain goes away.

The post Started From the Bottom Now I’m Here appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1U7sO5Z via website design phoenix

Thursday, March 3, 2016

3 Things I Learned From the Ultimate Choose Yourself Story

Your dad is an alcoholic. Your mom is mentally ill from syphilis and is institutionalized when you are a child. 

You quit school at the age of 13 and, essentially, join the circus to pay the bills. And ever after, you have to make people laugh to get paid.

You move to Hollywood and after some success you ask for a raise from the movie studio you work for. They refuse you because…that’s what bosses do.

Then you go to another movie studio, make some successful movies, ask for a raise…and they hate you.

No family, no education, bosses that will consistently try to screw you.

So Charlie Chaplin chose himself. With Mary Pickford, Douglas Fairbanks, and DW Griffith, they formed United Artists, which became on of the biggest movie studios in Hollywood history and also the first studio formed by actors.

They chose their own movies, they created their own success, they picked their scripts, they paid themselves out of profits, which were substantial. Nobody could stop them. They had freedom. They became the most highly paid actors in the world.

And they enjoyed doing it.

Chaplin kept increasing his competence, both as an actor and as a screenwriter, a director, a composer, a businessman, and all aspects of the movie industry.

Every day he focused on his freedom so he could never again be beholden to the people who tried to keep him down, even his fans who often hated him or doubted him.

Even the US, which often was suspicious of him and even banned him. Even the directors and industry that loved him – he never let that love entrap him.

Everyone wants the keys to your self-esteem so they can lock you in your own jail.

Success doesn’t mean money if it causes misery. Success is every day feeling contentment.

Contentment is every day:

  • Improving your relationships
  • Improving your competence in something you love
  • Improving your freedom.

Today I spoke with old friends. I wrote and tried to be creative. I’m improving my relationships with business associates.

I don’t think this out of fear. I do this because it’s how I grow. When I fail to do this, I lose all my money. I lose all my friends. And I lose my self-respect.

I tell my friends, “if you ever see me in the gutter with a needle, please help me.”

Nobody has ever helped me. I have to pull the needle out.

I learn from Charlie Chaplin to take control of every aspect of my creativity and freedom. The jail keepers can never be trusted with my freedom. Only I can.

Charlie Chaplin left us with three great quotes that shows he had the “Choose Yourself” mentality.

Today is Charlie Chaplin’s 125th birthday if he were alive. And so I think about these three quotes that have resonated through time to land right here and how they apply in my life now:

“Nothing is permanent in this world, not even our troubles.”

Eventually if I keep increasing my well-being and competence with the three things I mentioned above, I have always gotten out of the gutter.

“I like walking in the rain, because nobody can see my tears.”

I have to give myself permission to be sad. The last time I cried was…yesterday. And it washes away and a new day begins.

“The most wasted day in life is the day in which we had not laughed.”

This has been a difficult year for me. The only thing that has saved me is laughing as much as possible. I listen to standup comedy all day long.

I’m going to publish this, close the computer, look in the mirror, and laugh at myself.

The post 3 Things I Learned From the Ultimate Choose Yourself Story appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/24DIjYr via website design phoenix

Wednesday, March 2, 2016

Three Trends for the Next 50 Years

I’m not a big believer in the future. I mean, it will exist—we know that. But that’s about it.

CXO Advisory Group has analyzed the predictions of hundreds of pundits. Are the talking heads on TV right or wrong? You know, the ones who say Ebola will end the world, or the ones who said Enron was just having accounting problems.

It turns out the pundits’ predictions are right only 47% of the time. I think they are being nice to the pundits. I would say pundits are right about 12% of the time. But I pulled that number out of a hat, and they did a statistical study, so who knows?

I don’t like making predictions. They get in the way of my digestion. All of that future thinking clogs up the pipes.

But there’s a great way to evaluate whether a prediction is true or not. It involves a simple phrase we all know: “This time things will be different.” We know that phrase is always wrong. We know that things stay the same.

I’ll give a great example: my 15-year-old doesn’t have email. She doesn’t really use a computer except for homework. But she does use her phone. She texts everyone.

Email has been popular for almost 20 years. But the phone has been popular for over 100 years.

Not that new things are bad. We’re not using the phone from the year 1900. We’re using a phone that is a more powerful computer than the top supercomputers from 20 years ago, and it fits into our pocket.

Two things happen:

  • what was popular in the past will be popular for at least as long in the future (expect at least another 100 years of teenage girls texting relationship advice to their friends); and
  • what was popular in the past will improve.

I have two experiences as a pundit for the future. In 2007 I said on CNBC that Facebook would one day be worth $100 billion. At the time it was worth maybe $1 billion. Everyone on the show laughed. I then invested in every Facebook services provider I could find.

And in my book, Choose Yourself!, written mostly in 2012 but out in 2013, I said that we can look forward to having a “smart toilet” that will diagnose all of our illnesses in our fecal matter and urine… a mini-lab in our bathrooms.

Anyway, recently, MIT said it’s working on just such a toilet. Cost: $2,000, but it was going to bring the cost down to $100. Count me in.

But there are 10 trends from the past 100 years that I think are important to respect and will be important trends for the next 100 years. Knowing this can help us make money off of them.

Trend #1: Deflation

Most people are scared to death of inflation.

If most people are scared of something (like Ebola), it probably means it was a media or marketing-manufactured fear that will never come true.

The reality is, we live in a deflationary world.

Warren Buffett has said that deflation is much more scary than inflation. It’s scary to him because he sells stuff. It’s great for everyone else because we buy things. However, to be fair, it’s a mixed bag.

When prices go down, people wait to buy, because prices might be cheaper later. This is why some of the scariest points in our economic history were in the 1930s and in 2009 when there was deflation.

How did the government solve the problem? By printing money and going to war. That’s how scary it was. To solve the problem, we gave 18-year-old kids guns, sent them to another country, and told them to shoot other 18-year-olds.

People have all sorts of statistics about the government debt and the dollar decreasing 97% in value since 1913, etc.

I don’t care about all of that. I want to make money no matter what.

Here’s what I see: my computers are cheaper. Housing prices haven’t gone up in 10 years. And people are finally starting to realize that paying for higher education isn’t worth as much as it used to be (too much student loan debt and not enough jobs).

All electricity is cheaper. All books are cheaper. And I don’t have to go to the movies to watch a movie. All my music is basically free if I watch it on YouTube.

Don’t get me wrong: inflation exists because the government and the corporations that run it are preventing deflation. But the natural order of things is to deflate. Eventually something bad will happen, and the carpet will be pulled out from under everyone. Perhaps if we have an inflationary bubble. Then deflation will hit hard, and you have to be prepared.

In a deflationary world, ideas are more valuable than products. If you have ideas that can help people improve their businesses, then you will make a lot of money. For instance, I know one person who was sleeping on his sister’s couch until he started showing people how to give webinars to improve their businesses. Now he makes seven figures a year.

This “webinar trick” won’t always work. But then he’ll have ideas for the next way to help people.

Ideas are the currency of the 21st century, and their value is inflating, not deflating.

Trend #2: Chemistry

The last 50 years was the “IT half-century,” starting with the invention of the computer, the widespread use of home computers, and then the domination of the Internet and mobile phones.

Okay. Done.

It’s not like innovation will stop in that area. It won’t. Every year computers will get better, more apps will be useful, etc. But the greatest innovations are over for now (DNA computing will happen, but not until after what I’m about to say does).

As an example: the next versions of my laptop and my cellphone have already come out. But, for the first time ever, I have no real need to get them. And I’m an upgrade addict. But the upgrades just weren’t big enough. I don’t even think I understand the differences between the next generation of cellphones and last year’s generation (tiny changes in battery and pixel numbers, but only tiny).

Here’s what’s going to change: chemistry. The number of grad students in chemistry is at an all-time low versus the number of grad students in computer science or information technology.

And yet, we’re at a point where almost everything we do requires advances in chemistry rather than IT.

For instance, Elon Musk is creating a billion-dollar factory to make batteries. Well, for Elon’s sake, wouldn’t it be better if we had a more efficient way to use lithium so that batteries can last longer?

DNA computing, while it would create a great advance in computer technology, is almost 100% dependent on advances in biochemistry.

Many people call the US the “Saudi Arabia of Natural Gas.” But what good does it do us if we can’t convert the gas into liquids that fill up our car? Right now every country uses Fischer-Tropsch technology—a chemical process that is 90 years old—to turn gas into liquids. And it’s expensive to use it. Wouldn’t it be better if someone could develop a groundbreaking change here?

I can list 50 problems that chemistry can solve that would make the world better. But it’s not sexy, so people have stopped studying it. This will change. Not because it’s a futurist trend, but because for 3,000 years, changes in society were largely due to chemistry advances (e.g., harvesting wheat) rather than computer advances. I’m just taking an old trend and saying, “Hey, don’t forget about it. We still need it.”

A simple example: DuPont and Dow Chemical, the two largest chemical companies, have had 50% and 38% year-over-year earnings growth respectively compared with Apple (12%). But nobody cares.

Trend #3: Employee-free Society

Before 200 years ago, we never really had employees. Then there was the rise of corporatism, which many confused with capitalism.

I’m on the board of a $1 billion in revenue employment agency. It’s gone from $200 million in revenues to $1 billion just in the past few years. Why did we move up so fast when the economy has basically been flat?

For two reasons:

  1. The Pareto principle, which says that 80% of the work is being done by 20% of the people. So a lot of people are being fired now, since 2009 gave everyone the carte blanche excuse.
  1. Regulations that are too difficult to follow. It’s getting pretty difficult to figure out what you need to do with an employee. Health care is a great example, but there are 1,000 other examples.

So what’s happening, for better or worse, is a rising wave of solo-preneurs and lifestyle entrepreneurs—exactly what happened for the hundreds of years that capitalism was around before stiff and rigid corporatism (teamed with unions) became the primary but fake “stable” force in our lives.

This is why companies like Uber are flourishing. You have a workforce (the drivers), logistics software in the middle, and people willing to pay for that workforce. Our GDP and our startups are going to start to drift in the Uber direction. Uber in San Francisco last month did three times as many rides as all the cab drivers in SF combined.

Corporate life was never really stable, and now we know that.

The problem is: while we were all in our cubicles (and I’ve been guilty of this for many years as well), we stopped being creative, stopped having ideas, and just took orders from the gatekeepers: bosses, colleagues, government, education, family.

We let other people choose what was best for us instead of doing the choosing ourselves. If you let someone else do the choosing for you, the results won’t be good, and you’ll get resentful. Bad things will happen.

I don’t have a direct stock tip on this. This is not about stocks. It’s about taking an approach where you get your life back so you can have wealth and abundance over the next 50 years.

One thing to try is to write down 10 ideas a day. This exercises the idea muscle and gets you 100x more creative than the average person over time. They could be business ideas, ideas to help other businesses, book ideas, or even ideas to surprise your spouse. Another trick is to take Monday’s ideas and combine them with Tuesday’s ideas. “Idea sex” is an awesome source of creativity.

Ideas are the true currency of this next century. I don’t care about the dollar or gold or health care. Any movement in those will just create opportunities for people who know when to take advantage of them. The key is to become an idea machine.

People say “ideas are a dime a dozen” or “execution is everything.” These statements are not really true. It’s difficult to come up with 10 new ideas a day (try it), and execution ideas are just a subset of ideas.

I was going to make this 10 trends I see coming over the next 10 years. But at 1,900 words, I already shared three solid ones. Maybe I’ll do a part 2 for the rest, but these three trends are an important start. They’re already here, they’re already deeply affecting our society, and being ready for them will be the key to success in the coming years.

How To Profit Off Of Trends in the Idea Economy

I’ve spent years developing the skills that help me recognize and profit from trends and now I want to share them with you.

I’ll Tell You Everything – Click Here

The post Three Trends for the Next 50 Years appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/1SiEgvM via website design phoenix