Thursday, March 30, 2017

Robots Are Now Delivering Pizza…

The robots are now delivering pizza, stealing the jobs from acne-cratered 19 year olds in every college town.

Dominos just announced that self-driving robots will deliver pizzas. This is the new world.

So, as the last generation to physically have a delivery job I feel it’s my responsibility to share the life lessons I learned delivering pizza.

Pay attention!

– BE ON TIME 

It’s so easy to keep a customer happy. If you order a pizza, it means you’re probably hungry right then.

My only job is to stuff your face with cheese and bread as quickly as possible. If I do that, I get paid, and I win you over for life.

If I don’t do it, no tip, and no repeat customer. Being on time for everything is the most important thing and it’s so easy to do.

– DON’T TILT THE PIZZA

In every business I’ve ever been involved in, the problems are never the big catastrophes.

A big catastrophe is exactly when founders, CEOs, and investors, get to show their skills and perform their best to solve the problem.

But it’s the wear and tear of mediocrity at every level of a team that will bring about downfall.

I would tilt the pizza. I was a “tilter” as we call it in the biz.

And all the cheese would fall to the side. I was that guy! People would hate me. It’s never good when the people who want to love you, actually hate you.

Make a checklist of the basics: be on time, don’t tilt, know the address where you are doing, and make sure the order is correct.

Don’t forget a coke or you can end up having to go back and forth to get a single coke.

– READ A BOOK

Some of the best moments of my life were this:

After delivering a pizza, and with no new orders, I’d find some place to park and I’d take out a book and read.

No matter what job I’ve been in ever since, I’ve always prized the moments of alone time to both rejuvenate and learn.

Plus I had a girlfriend I was trying to avoid.

– EVIL PLAN

I was delivering pizza because I started a pizza (and other food) delivery business. We delivered from about eight different restaurants in a college town.

And the reason we set up a delivery business is because we set up a debit card business. So to every restaurant that accepted our debit card, we offered the ability to deliver to our debit card customers.

Sometimes a delivery job is just that, a delivery job.

But I always want to see how I can leverage what I’m doing into something else, and then leverage that something else into something else.

What got me out of bed in the morning was not the thought that, “today I get to deliver pizza” but the thought that, “my evil plans are getting closer to world domination!”

Even now, if I don’t have that evil plan, I have trouble getting up in the morning.

– DELIVER A ROUND PIZZA

This advice comes from a friend of mine. He ran 20 Dominios franchises. He bought them in South Florida when they were failing.

He then turned them around, sold them, and made millions.

I asked him, “How could a Dominos franchise fail?” which may seem like a stupid question. Every business can fail. But a franchise is usually pretty well regimented.

He said, “I got there, and the pizzas weren’t round. They were misshapen. They were like trapezoids.

Just deliver a pizza in the correct shape and people will keep ordering. Instead, they got a reputation for sloppiness.”

I think of this now with podcasting. I started off doing podcasts over three years ago thinking that audio quality didn’t matter so much. “It’s just the Internet!” I said.

But now I use a professional studio for each podcast (costs as low as $70 / hr) and I try to meet each guest in person so the quality is the highest it can possibly be for relatively little cost.

Even when other people have me on their podcasts, I often will set it up in a studio to make sure its high quality.

[ RELATED: I Did 200 Podcasts With My Heroes. This is What I Learned… ]

– IF IT’S NOT GROWING, IT’S DEAD

We ran that delivery business for a year. But the orders in the last month were the same as the orders in the first month.

Maybe we could have fixed it but we just didn’t have the skills to do so.

Every happy chemical in the brain (serotonin, dopamine, oxytocin) likes it when you are increasing competence, increasing relationships, increasing freedom.

Children are made to explore and be curious. They don’t think about purpose. They think about “why?”

But we forget that.

It’s easy to stop things when a business or relationship fails. It’s also easy to continue when things are going well.

But it’s hard to know what to do when things seem to have flatlined.

My rule now is: if things are flatlining for 90 days and, to my best efforts, I can’t get things to improve or at least have hope for improvement, then I shut it down.

An example is my recent podcast, “Question of the Day” I was doing with Stephen Dubner.

It was a quality podcast and we were getting about 700,000 downloads per month. It wasn’t doing bad. It was just sort of staying the same.

We lost energy for it. We were getting advertisers and money each month but it lost that excitement of a child having fun and exploring and growing.

So we stopped. Stephen now is doing the excellent podcast “Tell Me Something I Don’t Know” (in addition to “Freakonomics Radio”) and the downloads on my own show have doubled or tripled.

I try now to always double-down on what is growing and stop the flatlining.

– IT’S A PLEASURE TO SERVE YOU

I like being in the service business. I liked delivering pizza.

40,000 years ago people would have to hunt down a bull, slice it up into tiny pieces, milk a female cow and spoil the milk into cheese, harvest wheat, make a fire, get sugar from somewhere and put it into a carbonated drink (and I have NO IDEA how they invented those).

Then they’d have to go to a group of islands off the coast of Indonesia to get some spices and bring it back.

And then they would be able to eat a pizza.

Then…40,000 years later…they could call me on a phone and 10 minutes later I’d come in the door and make them happy.

Evolutionary kind of Happy! I had just solved all of these major problems that took humans 40,000 years to solve.

I ran an agency business in the 90s. Like any agency, rule #1 is, use your client’s products. Love your clients. Why serve people you don’t like. We only get one life to be with the people we love.

The same thing for delivery. If they were having a party, and ordering 10 pizzas, then I was happy to help make their party better. It made my life better, my enthusiasm translated to tips, and it made their lives better.

– DRESS FOR THE JOB YOU WANT

Wende also delivered pizzas with me. She was a co-founder in the business as well. Her dad was a billionaire but she delivered faster than me and got better tips.

Also, she was blonde and beautiful. So, I hate to say it, guys liked to give her better tips than they gave me.

When I would clean up and wear a button down white shirt and black pants (like a waiter), I would get better tips. It was that simple.

I still wear a white button down shirt and black pants. I still get better tips.

– THE 360 DEGREE RULE

The reason the Dominos pizza franchises failed, above, is because they didn’t deliver a round pizza and didn’t deliver when they said they would.

Somehow, they never learned the entire premise and history of how Dominos started. They probably assumed a pizza delivery business right next to a major college was a home run no matter what.

It’s not.

Learn the history of the business and the history of the founder. Learn how to make the pizza. Learn about the service industry and who succeeded and who failed.

For my business, I was the sales person who convinced each restaurant to let us deliver for them.

I also was the programmer who programmed the point of sales machines to accept the debit cards we created.

I also sold advertising on the back of the debit cards, something I still have not seen ever since on the backs of credit cards (you’re very welcome Q104 Radio in Ithaca, New York).

When I started at HBO, I learned the history of how satellites transformed television delivery. I learned how the then-executives of HBO sold door to door against Showtime 20 years earlier when they were junior sales people.

I studied how Time Warner was structured and how the companies worked together. So, later, I was able to network and do jobs for Warner Brothers, People Magazine, Comedy Central, New Line Cinema, TNT, and even do the website for TImeWarner.com.

It’s grow or die. In other jobs I’ve had, I didn’t do this. I was the tenth employee of Fore Systems, a company that eventually sold for around three billion.

But all I did was get in late for work, close the door to my office, barely did my job, and left early.

So eventually I left and didn’t get wealthy in my 20s like everyone else did who started there with me.

Does this apply to every pizza guy? Or every newspaper delivery guy? Or every cashier?

Yes it does. Grow or die.

Learn all 360 degrees of every job you have, no matter how low. That knowledge will compound over the years even if it seems trivial or unimportant when you learn it.

– DON’T TALK BAD ABOUT YOUR BOSSES OR PARTNERS

My first year of college I got very bad grades. My dad came up to visit me to find out what was going on.

I had to hide the fact that I was living with my girlfriend (my parents paid no money for my college or living expenses), so I always said, “let’s just walk around. I’ll show you the campus.”

While we were walking around I kept trashing the people I was working with, my partners in the business.

He stopped me at one point and just said, “Don’t do that. It’s not good.”

I had to think about it. He was worried somehow they would hear what I was saying.

But also he felt I should figure out how to work better with them instead of complain. So I did.

And he was right. And it helped make every decision better and now I have the fondest memories of this time in my life.

And of my dad, who is dead.

– 80/20 RULE

There were about four good pizza places in town. We delivered from the best. And from the best Greek place. And the best Middle-Eastern place.

But here’s what I wish we did. I wish we had created one menu with just the best items from each place. It’s the 80/20 rule. 80% of the people ordered less than 20% of the items on all of the menus.

We could have streamlined the business quite a bit and maybe even have grown faster if we had simply offered only the most popular items and all on one menu. Then we could’ve marketed our delivery services better.

– USE IT OR LOSE IT

I had no money and my grades were so bad I was at risk of getting thrown out of college. So I had to not only work 40 hours a week or more, but pay more attention to my classes.

And I hated classes. HATED them. I would skip midterms and fail homework.

One thing I found out, which I never knew before at my tender age, is that the more hours I worked at delivery and my business, the better my grades got.

I couldn’t figure out why. I guess I still don’t know why. The only thing I can figure is that the more discipline I built up in one area of my life, the more discipline would build up in ALL areas of my life.

When I had a lot of free time, I’d obsess on relationships, and emotional drama, and try to maximize my free time instead of trying to be as productive as possible in my work time.

Now when I have free time I do “dual-use” free time. I do things I enjoy, but I make sure they carry over to other areas of my life.

For instance, I have free time right now. So I read an article about how robots are delivering pizza. And it brought back late night memories of delivering at 2 in the morning to fraternity parties.

So with my free time I write this article. And now I love that I delivered pizza 30 years ago to the day.

– FRED

Fred was a linebacker on the football team – which means he was probably the worst linebacker in college football history.

He also was a decent chess player. So I hired him to deliver with us when things were busy.

We’d sit by the phone waiting for an order and play speed chess until 5 in the morning.

One time when I was in between deliveries I went over Fred’s place and he climbed out of bed and he found a scrunched up board and clock and we played blitz on the floor.

His bed was covered with clothes and his apartment was a mess. In the middle of the game, this naked girl rises up from the mess in the clothes on the bed.

She was beautiful and i fell in love with her. I couldn’t stop staring.

Fred kept staring at the chessboard. “Look away,” he said to me, but I couldn’t.

“Put your eyes back on the board,” he said but I couldn’t.

“Fred, what are you doing!”

“Don’t worry, baby, you’re just dreaming,” Fred said.

“Who is this guy?”

“Don’t worry.”

But I couldn’t focus anymore. Fred won the game and I went back to delivery.

I worked hard at that business and it didn’t work out but I can’t say it failed.

It’s a memory for me. Brought to life this morning by robots from Dominos.

I had created something out of nothing for the first time in my life. I hated it, I learned, I lived it. I wish I had enjoyed it a bit more.

The Terminator is not coming to kill us. It’s coming to deliver us a pizza with everything.

[ REALTED: Three Trends for the Next 50 Years ]

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Wednesday, March 29, 2017

15 Essential Skills They Don’t Teach You In College

This is what I wish: that my daughters don’t go to school.

I offered my oldest the very prestigious “Altucher Fellowship”. Never awarded before. Only awarded to her.

Basically it says: do exactly what I tell you to do for a year and don’t go to college.

I’m not sure she’s going to take it.

Here’s my ideal program:

  • Spend some time each day learning the skills in the graphic.
  • Watch one movie a day with me and discuss.
  • Publish a book of essays by the end of the year.
  • You can take time off to travel.

And, by the way, this will be cheaper than you going to college.

Her answer, begrudgingly: I’ll think about it.

Here are the skills:

A. Networking

A corollary of leadership

B. How to sell

Presentation, vision, motivation, sales.

C. Negotiation

Which means win-win, Not war.

D. The Google Rule

Always send people to the best resource. Even if it’s a competitor. The benefit to you comes back tenfold.

E. The 1% Rule

Every week, try to get better 1% physically, mentally, and emotionally.

F. Idea Sex (but with protection!)

G. Reinvention

Which will happen repeatedly throughout life.

H. Leadership (which is really a course about how to deal with both Vision and Anger at the same time)

Give more to others than you expect back for yourself.

I. Mastery; How to master any field

You can’t learn this in school with each ‘field’ being regimented into equal 50 minute periods. Mastery begins when formal education ends. Find the topic that sets your heart on fire. Then combust.

J. Finding Signal in the Noise

News, advice books, fees upon fees in almost every area of your life. Find the signal outside of the noise everyone else marches to .

K. Themes > Goals

Goals will break your heart. Have a theme. You can build your days around your themes. In the short blink that thins out your life, when you reach the point where goals matter no more, the themes of your life will shine bright.

L. Creativity

Take down a pad. Write down a list of ideas, everyday.

M. Failure (a skill not taught until many years after the degree. But it is taught, believe me, you will learn it or die).

Learn how to fail so that failure turns into a beginning.

N. Give and you will Receive

Give constantly to the people in your network. The value of your network increases linearly if you get to know more people, but exponentially if the people you know get to know and help eachother.

O. Simple tools

To increase productivity


If I were creating a college – these would be the only classes.

Or maybe I’m just like a failed athlete who wishes for his kids what he didn’t have for himself, whether they want it or not.

I’ll never really know the answer.

But I do know this:

  • These skills are not taught in school.
  • These skills are absolutely necessary for any kind of real-life success. ALL of these skills.
  • Skills > Degrees in the modern economy.
  • These skills will put you way ahead of any competition. You will be your own category.
  • You can learn these skills (sometimes) on the job, or in online settings. Or by reading.

Or by finding a:

PLUS: mentors to model yourself after (real or virtual)
EQUALS: who can challenge you and bring out your potential
MINUS: people you can teach, to solidify your learning.

Remember winning?

Remember getting an “A”? And it felt good? It felt like, “I won!”

And then it became too easy to get the As. Schools lulled us into some form of complacency, where an “A” was the new normal and anything below was considered unhealthy.

What happened to the idea that a 40% success rate made someone the best baseball player in the history of the world?

Or the idea that if only 50% of your business decisions are correct, you’ll have a billion dollar business.

Or the idea that, in the hands of an artist, even the wrong note can be turned into beautiful music?

Life is improv. Not a fact test. You take the bad notes and weave them into music.

Now we get the “participation” trophy for showing up.

My Mac is broken. The easiest computer in the world to use and I broke the keyboard. Do I suffer for my sins?

Of course not, I get to go to the “Genius Bar” and get it fixed. The Genius Bar at the Apple store is the participation trophy for adults.

One day I will get good at these skills.

I guess I lied.

This is not a letter for my kids. This is a love letter to me.

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Tuesday, March 28, 2017

Ep. 221: Tucker Max – The Top Five Things I Learned From Tucker Max

 

“You and I both know what happened to you 18 months ago,” he said. “If you don’t write about it, you will die as an artist.”

Tucker’s sold over 3 million copies of his books. I know I’m going to have to listen to him.

Maybe later.


I’ve known Tucker many years. I can safely, say, I’ve been in the trenches with Tucker.

We’ve both started businesses since then, published books, invested together, and cried (well, I did) together since we’ve met.

In one of the worst personal disasters of my life, Tucker was there. He was there for the beginning, middle, and end.

I always ask myself ‘who is in my scene’?

What’s a Scene?

I consider it:
– the people I learn from
– the people who I can count on
– the people who challenge me to work harder and rise to my potential (and I can do the same for)
– the people I can call when I am confused or troubled, and the people who are there for me no matter what.

Ask yourself: Who is in your scene?


Without a scene, it is much harder to succeed. Ask Steve Jobs, Elon Musk, Jack Kerouac, Andy Warhol, Sara Blakely and many many others who have risen to the top of their fields throughout history.

Tucker and a few others have been in my scene for years.

So I visited him. Talked reinvention, writing, and his current business success.

Here’s the top five things I learned:

A) THE DIFFERENCE BETWEEN PEOPLE WHO SUCCEED AND PEOPLE WHO DON’T 

“No one has ever replicated anything I did because they looked at the surface. They didn’t actually understand the underlying input.”

“What do you mean by input?” I asked.

“People look at my writing and they say, ‘I get drunk, I fall down, I yell curses… I’m going to write really arrogant things. Then I’ll get the same attention Tucker Max gets.’ But that never works.”

“I was opening my soul,” he said. “I was being honest. Anybody trying to mimic me forgot the honesty part.” That’s the work. That’s the input.

“If you want to boil it down, people who succeed are worried about input. People who don’t succeed are worried about output.”


B ) DIFFERENT > BETTER

Spaces are getting crowded. Anyone can blog. Anyone can make a youtube video. Self-publishing is growing. And they’re handing out podcasts at all the major international airports.

More and more people are getting creative.

More creativity = more competition. So how do you stand out?

Micro-tribes.

“I’m talking about being different, which is not the same thing as being better,” Tucker said.

“When I started writing, I wrote emails for my friends and my only measurement for whether the emails were good or not was whether those nine guys thought it was funny. There was no arguing. If they did, it was good. If it didn’t, it was bad.”

This reminded me of how Craig from Craigslist built his company. Started out with an email, with the sole intention of providing pleasure for his friends.

Provide benefit for the few, and then you can scale to provide benefit for the many.

Tucker found his micro-tribe. And it grew. Because his did this…


C) TELL THE TRUTH

People send me articles all the time, “Can you read this?”.

I read one the other day. “How to survive a breakup” But the author left out his story.

Advice is autobiography.

Don’t give me advice from the mountaintop. Tell me the story of the struggle.

Of how you were the very reluctant hero, who was called into action for better or worse, who climbed the mountaintop, who now has the knowledge.

Your story is the only test: Are you original?

“I’ll give you a super simple trick to being original,” Tucker said. “Tell the truth. The hard truth that everybody thinks and nobody says.”


D) ASK YOUR QUESTION

Last week I did seven podcasts. I probably asked 1000 questions.

So I asked Tucker, “What’s the skill? How does one become a good writer?”

He had one answer:

Self-evaluate.

Tucker asks himself three questions:

Am I what I think I am?
Am I who I want to be?
Am I good at this or not?

It gave me food for thought. Sometimes the more I work hard at something, I realize the worse I am.

I want to improve.


E) WAS HE WRONG TO REJECT JUSTIN TIMBERLAKE?

Tucker destroyed his own movie.

“You will die as an artist,” I said, laughing, “if you don’t fully write this story.”

“I’ll never forget,” he said. “It was the night of my birthday… the night I knew the movie was a failure.”

“Why’d you turn down Justin Timberlake for your movie?”

“It’s embarrassing,” he said.

I said, “Don’t worry. I won’t tell anyone. I’ll never write about it. I promise.”

“I was convinced the Tucker Max character was going to be huge and I wanted it to be about me, not the actor.”

He was sorry.

But, listen, if only 30% of our decisions are correct, we will have very successful lives. At least, that’s how it seems to me.

And it’s how you take a bad decision and later convert it into wisdom that is the true test of future success.

“The same thing that screwed up my movie, happened in my company. This time I recognized it early enough to see what I was doing.”

He decided to step down from CEO of his company, Book in a Box. He still works there. Just not as CEO.

“It was a really hard decision,” he said, “but I knew it was right because as soon as I made it, I felt a thousand pounds lighter.”


Since hiring his replacement as CEO, his business has grown 400% in the past year. “Book in a Box” takes non-writers and helps them get their first book out the door.

It’s a great idea for a business. I wish I had invested.

After the podcast I had the chance to meet the newest baby in his family.

And after that I started to think about how I could avoid dying as an artist.

I need to step up my game.

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Monday, March 27, 2017

Doing Well By Doing Good

I don’t think Craig wanted to talk to me. For one thing, I smelled.

I woke up late and rushed out to get to the “Women Entrepreneurs” breakfast where Craig Newmark, founder of Craigslist was speaking.

There were about 40 women there, Craig, and then me. I crashed the breakfast.

I had some questions for him. But he kept angling away from me. Don’t think I can’t read the body language, Craig!

I have to be honest: whenever I’ve started a business, its because I wanted to make money. A lot of it.

I think this philosophy destroyed my life for decades. Too eager to cash out. Never doing things that I loved doing for myself.

Craig just changed my mind.

When Craig moved to San Francisco from Detroit, he knew nothing about the city.

“My friends helped me. They told me good places to live, eat, places to visit, places to have fun.”

So he started sending out an email to all his friends about the favorite places he was discovering. He loved it. And people were excited to get his email.

He had no interest in doing a business. He was just trying to return the favor. Then he became passionate about it.

The email grew. And grew. until an email wasn’t enough and he made it a website. The website has barely changed in 20 years other than to expand cities.

Almost 100% of the site charges no money.

“We only started charging apartment brokers in Manhattan because they asked to be charged so they wouldn’t go out of business from various scams that were trying to hurt them.

“We charged them $10 per listing.”

Why did you charge so little?

“Because sometimes you only need to do enough. You don’t need to take every dollar.”

He said, “our business model is ‘Doing Well by Doing Good’.”

This is the opposite of the advice, “try to solve people’s problems and charge for it”.

He was simply doing what excited him. He did it for free because he loved it. He got good at it because he loved it and it was helping people.

I try now to think of the things that excite me. If you do this, some of those things will intersect with ‘doing good’.

Do the things that fascinate you. Not the things that solve other people’s problems. I want to do the things that make ME happy.

He has a multi-billion dollar business now. And what does he do now? He does more good.

But I think he didn’t like me.

[ RELATED: How To Be THE LUCKIEST GUY ON THE PLANET in 4 Easy Steps ]

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Thursday, March 23, 2017

The Best Way To Learn About Stocks…

I wanted to learn about stocks because I lost $15,000,000. I lost everything.

And I wanted to maybe learn what I did wrong so I could start thinking how to make it back.

I was a gambler at heart. I went from playing poker every day to playing the stock market every day. That’s mistake #1. I had to end that habit. I hope I did. 17 years later I still hope every day that I ended that addiction.

But I did learn. Although I wish I had been smarter about learning. I wish I had read all of these books I’m about to recommend.

Now I’ve read them. Some of them are inspirational. Some are educational. Some are about famous investors. Some are by famous investors sharing what they’ve learned.

Anyone who reads all of these books will understand the stock market and investing at a very deep level.

Warren Buffett has his famous two rules about investing. But I would say for myself the biggest thing I learned were these ideas:

  • When you own a stock, you own part of a company. So study what makes a good company.
  • Risk management is everything. Which means keep your positions very small.
  • The unexpected always happens.
  • I had to model myself after the greatest investors in history.
  • Politics is short-term, economics is medium term, innovation is long-term.

I’ve since run a successful hedge fund, fund of hedge funds, I’ve done many successful angel investments, and I’ve written about stocks and investing for 17 years in books, in the Wall Street Journal, in the Financial Times, and with regular appearances on CNBC.

Here’s the books I recommend to get started (note: this is the start).

– “Essays of Warren Buffett” by Lawrence Cunningham

– “Reminiscences of a Stock Market Operator” by Edwin LeFevre

– “Famous First Bubbles” by Peter Garber

– “Super Money” by Adam Smith

– “The Money Game” by Adam Smith

– “Confessions of a Street Addict” by Jim Cramer

– “Market Wizards” by Jack Schwager

– “Hedge Fund Market Wizards” by Jack Schwager

– “You Too Can Be a Stock Market Genius” by Joel Greenblatt

– “The Little Book of Value Investing

– “Warren Buffet” by Roger Lowenstein

– “When Genius Failed” by Roger Lowenstein

– “Moneyball” by Michael Lewis

– “Flash Boys” by Michael Lewis

– “The Undoing Project” by Michael Lewis

– “The Coffee Trader” by David Liss (fiction)

– “Billion Dollar Sure Thing” by Paul E. Erdman (or any of his financial thrillers from the 70s)

– “My Own Story” by Bernard Baruch

– “Poor Charlie’s Almanack” by Charlie Munger

– “Damn Right!” (biography of Charlie Munger) by Janet Lowe

– “Education of a Value Investor” by Guy Spier

– “Abundance” by Peter Diamonds

– Joel Greenblatt’s “The Little Book That Still Beats the Market

– Andrew Ross Sorkin’s “Too Big to Fail

– “Dhando Investor” by Mohnish Pabrai

– “Money” by Tony Robbins

– “The Black Swan” by Nassim Taleb

– “Fooled by Randomness” by Nassim Taleb

– “A Man for All Markets” by Ed Thorp

Read these and your life will change.

[ REALTED: I Made A Mistake… ]

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Wednesday, March 22, 2017

How I Became More Comfortable With Public Speaking

I was going to give the worst talk of my life. I was in Kaiserslautern, Germany for a big conference that had accepted a research paper of mine.

Prakash, my professor, asked to see my slides. “This is horrible!” he said when he saw them.

We found a magic marker and he started redrawing all of my slides. He was shaking his head. I was scared to death. I said to him, “how about you speak tomorrow?” He looked at me and frowned.

“We’re skipping the conference dinner,” he told me. We went to the auditorium instead. He sat in the back. “Give your talk,” he told me.

I went on the stage. I started. “Stop!” He told me to do it over. “Stop!” I did it over again. “Move from one side of the stage to the next.”

Stop! Stop! Stop! Every slide.

“Emphasize that word!”

“Explain what you mean. Nobody will understand that.”

“Tell a joke! You’re funny. Tell a joke here.”

“Move around the stage more.”

“EXPLAIN! I don’t even understand you.”

I gave the talk maybe ten times or more.

Finally we left.

The next day I gave the best talk I ever gave.

(at this year’s AirBnB Open)


One time I had to speak at a TEDx conference and I was so scared I thought I was going to just walk out of the building and never come back. About ten minutes before I had to speak.

Before my talk was an amazing woman who described disabilities she had since birth and how she overcame them. After my talk was going to be a performance by the San Diego ballet.

I was doomed, I thought. I had nothing worthwhile to say. I was a piece of s**t.

I went downstairs and I started to cry. A 46 year old man crying. I couldn’t do it. I had practiced. I had given the talk earlier in front of a speaking coach. I had been to the rehearsal and gave my talk there.

But still….I wanted to quit. And yes, I was crying. I didn’t want to live if I had to give this talk.

I remembered this one technique:

Pretend there is a scared nervous version of yourself inside of your body. Say hello to it.

“Hello”.

Picture what he looks like. I pictured this tinier version of myself, with the acne I had as a kid, and the oversized glasses and the uncombable hair (even more uncombable than now).

“Hello there. You can come with me on the stage but you have to stand by the corner and just watch. Don’t be afraid. You can come with me.”

And I walked on the stage and I pictured him walking behind me.

It’s true, I felt enormous energy then. I went onto the stage. I made my first set of jokes. I told my story. I made my points. Everyone was laughing. Everyone clapped at the end. Afterwards, even the speaking coach congratulated me.

I felt good. I was happy I didn’t quit.


Another time I had to speak in a contest. Whoever delivered the most value (the audience was voting) would win $30,000.

They were all great speakers before me and after me.

Before my talk I was so nervous I suggested to the conference organizer I just do a Q&A but he said “No”.

I left the building and I called a professor I knew who specialized in cognitive psychology. I told him about the contest. He gathered some of his students in the room and put them on the speaker.

They all started shouting ideas. “To win, you only need a few extra votes. Give everyone in the audience a dollar.”

“Address everyone by name.”

“Speak last.”

They all cited various cognitive biases that would help me.

I gave the talk and I felt good about it. I didn’t win the contest because I don’t think I provided the most value. But everyone laughed. Everyone remembered it afterwards and I got many nice emails.

[ REALTED: How To Be THE LUCKIEST GUY ON THE PLANET in 4 Easy Steps ]


Oh! One more story.

One time I had to speak at a conference right after Julian Assange, from WikiLeaks. He was skipping in from the Ecuadorian embassy in London.

Damn!

How could I walk on the stage after that? Everyone would be texting their friends back home that they had just listened to Julian Assange.

I thought about it for a long time and then I got an idea. This was in early 2014 and even the other day someone reminded me of what I did next.

I pretended to be talking to my wife on the phone while I was walking on the stage.

“That’s right, it was Julian Assage. Hold on. Hold on. I have to go. I’m on the stage now.”

Then I held up the phone. “According to Julian Assange, not only is the government listening to my phone but WikiLeaks is listening to my phone! I can’t take it anymore.”

So I turned around and threw my phone as hard as I could against the floor. It smashed into thousands of pieces. Then I began my talk.

While I was talking, a janitor with a giant ten foot broom walked behind me and swept up all the pieces. Everyone was laughing. The talk went great.

Afterwards, the comedian Paul Reiser spoke. They paid him $50,000. They had paid me nothing. The guy organizing the conference told me, “We should’ve skipped him and just stopped with you.”


I’ve spoken at ten events in the past few months. I have two talks in the next week.

Here’s what I do to prepare.

A) COMEDY.

Starting about 48 hours in advance of the talk I watch as much standup comedy as I can.

Not because I want to steal jokes.

But because they are the best public speakers. They use the whole stage. They make faces. They inflect their voices. They engage the audience. And they are funny.

My mirror neurons kick in. Just like you can learn to climb a ladder by simply watching someone climb a ladder, I learn how to be a better public speaker by watching comedians.

My go-to comedians before a talk (and it changes for every talk):

Bo Burnham, Louis CK, Jim Gaffigan, Amy Schumer, Marina Franklin, Andy Samberg, Larry David (his interviews are great), Anthony Jeselnik, Daniel Tosh.

B) JOKES

I do prepare several jokes to start off the talk. And I also have jokes prepared for the middle of the talk.

Adults are not used to laughing. A child, on average, laughs 300 times a day. An adult…five. Get people to laugh and they will remember.

C) THE TEN MINUTE RULE

People get bored in ten minutes. You have to change the subject, or get audience participation, or do a joke, or do something drastic, every ten minutes to keep people interested.

D) THE OTHER

When you divide the speakers into “the other” and “you” then you take advantage of a cognitive bias called “ambiguity bias”. So I make sure to thank “the others that have to talk” and get everyone clapping.

This puts a fog-like confusion in everyone’s head. Who are “the others”. It’s one amorphous group. they can’t remember. There is just you and the others.

E) USE THE WHOLE STAGE

Move around. Nobody wants to stare at one spot the entire time.

F) PAUSE

When I finish a story. Or make a joke and people are laughing, I pause. Pause to the point where everyone is uncomfortable.

I don’t know why this is good. It just works somehow. People continue laughing.

G) TELL STORIES

Stories have a beginning, middle and end.

Stories have a reluctant hero, who is forced to take action, who encounters a set of ever increasing problems, who meets a whole cohort of people who will help him, who then solves his or her biggest problem, and then comes back to tell the tale.

it doesn’t matter if it’s a talk, a single tweet, or if it’s Star Wars.

You have to tell a story. And, in one form or other it has to have the Arc of the Hero, described above.

H) THE UNEXPECTED

Magnus Carlsen is the word chess champion. He defended his championship a few months ago just down the block from where I live.

He was in a desperate situation. He kept almost winning, and then the other guy, Sergey Kajarkian, would fight back and get the draw. So the match was even.

“Magnus’s coach is going to have train him to win these winning positions,” said Judith Polgar, who was analyzing the game.

Then, in the final game. With seconds to go, Judith gasped. “Oh my god,” she said. “So beautiful”.

And then seconds later Magnus played a three move combination that looked as if he was losing his queen by accident. But no matter how Sergey would take his queen, Magnus would have checkmate one move later.

The unexpected. Nobody would look at giving up the most powerful piece on the board. And he won the world championship. “What a great birthday present this is,” he said afterwards, since it was also his birthday.

In talks you have to constantly go for the unexpected. The unexpected joke. The unexpected twist in the story. The unexpected reveal that wasn’t anticipated.

Make sure you always have the unexpected.

I) SINGING

People who stutter don’t stutter when they sing.

That’s because the “singing part” of the brain is different from the talking part of the brain.

I want all parts of my brain involved in verbal expression to be on fire when I go on stage.

So even though I don’t sing at all, I practice memorizing songs and then singing them before I go on stage.

It helps my memory, it activates a part of my brain I don’t normally use, and it makes me feel like a performer.

My go-to songs? I don’t know why this is but I always practice two songs that are 1970s TV theme songs: “Welcome Back Kotter” and “Chico and the Man”.

For me there is also a nostalgia in those songs. Nostalgia from when I was a kid and I loved these shows. A time when I had no worries. And the songs were so beautiful to me. But I always forget the words.

I memorize them and sing them over and over in the 24 hours before I give my talk.

J) NO SLIDES

I don’t use slides. A brain is not meant to multi-task. They are either looking at you, or the slide. Not both.

I want people to listen to my talk.Not watch a bunch of slides. This isn’t always possible depending on the talk but I now try to prepare my talks so no slides are ever necessary.

People will remember me and not a slide.

K) KNOW THE AUDIENCE

Usually before a talk there might be breaks or a lunch or a dinner or whatever.

I always try to mingle and get to know the audience and talk to as many people as possible and see what they are aiming to learn and hear.

The people I speak to before the talk will always clap and laugh during the talk. I recruit my allies in advance.


Do I always give great talks. No. Definitely not.

But I always give my best. I prepare. I rest. I get to know the audience. I have lots of stories I tell. I watch comedy. I sing. I bring my weaker, scared version up with me. I thank “the other”.

Then I go on stage and have a great time.


After that very first talk, when Prakash was coaching me for hours the night before, I was in a glow.

The talk went so good, people organizing other conferences asked me to speak at their conferences also. I was really happy.

Afterwards, Prakash offered me one more bit of advice. It was night and we were walking back to our respective hotels.

“Don’t go to any porn places here,” he said, “they will try to rip you off.”

We went our separate ways. A year later I left graduate school. We never saw each other again.

But I’m grateful he taught me how to speak.

The post How I Became More Comfortable With Public Speaking appeared first on Altucher Confidential.



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Tuesday, March 21, 2017

Ep. 220: Matt Mullenweg – Do You Have Your Own Internal “Code”

I have a rule. After every podcast, I write down 10 things I learned. I don’t know if anyone else does this. Do you do this? Some people make illustrations. They send me what they’ve learned. It’s a creation of a creation of a creation. A drawing of a podcast of someone’s life.

But I broke my rule. It’s been over a month. And my brain is digging for the lessons from my interview with the creator of WordPress. I think I have Alzheimer’s. Matt was 19 years old when he started WordPress. It was 2003. Now WordPress.com gets more traffic than Amazon.com.

The Wall Street Journal and The New York Times both use WordPress. I use WordPress.

I wanted to know if it’s still worth the time and effort to make your own site. He said it is. That’s how you break out…

“We’re trying to revitalize the independent web,” Matt Mullenweg said. He’s 33 now. “It’s not like these big sites are going anywhere. They’re fantastic. I use all of them, but you want balance. You need your own site that belongs to you… like your own home on the Internet.”

This is part of Matt’s code. Not WordPress’s “code.” Matt’s like a robot. I mean that as a compliment. There are many signs of this: language, ability, he’s very exact.

I had to interrupt. He was talking in code. And it was my job to translate.

He said, “If I send you a unit of work…”

“I don’t mean to interrupt,” I said. “I’m a little bit of an interrupter. So I apologize in advance, but you talk in a very code-like language… ‘a unit of work.’ How about ‘a task?’ That works as well.”

He laughed. And thanked me for translating. The podcast continued.

He told me about his personal code (again, robot).

People have values. Geniuses and other advanced forms of life  have “code.” So here’s Matt’s…

 

A) Measure what’s important to you.

Matt wrote a birthday blog. He does this every year to measure what’s changed. It lists how many books he’s read over the past year, countries he traveled to and so on.

He’s very specific.

It’s a measurement of his personal freedom. He can see where time went. And if he chose himself. “You cannot change what you don’t measure,” Matt said.

So this year, I wrote a birthday blog.

 

B) Own the work you do

“Other sites provide space,” he said. “They provide distribution in exchange for owning all of your stuff. You can’t leave Facebook or Twitter and take all of your followers with you.”

That’s why he recommends having your own website. It’s yours. Not Facebook’s. Not Business Insider’s or Huffington Post’s. It’s yours.

When I first started jamesaltucher.com, I picked a template, posted a blog, shared a link on Twitter and within 3-4 minutes I had traffic.

 

C) Ignore concern

Matt dropped out of college and moved to San Francisco when he was 20.

“Were your parents upset?”

“They’ve always been supportive,” he said. “But they were concerned.”

That didn’t stop him. He had direction. And when you know where you’re going, you don’t ask for directions.

Sometimes I feel like I’m driving with the wrong address in my GPS. And Siri won’t stop re-routing.

So what I learned from Matt: Reroute yourself as many times as it takes. Reinvent.

Put someone else’s concern for your wellbeing on your gratitude list. But don’t let it stop you. Don’t let it get in the way of your code.

 

D) The myth of loyalty

When Matt moved and started his first job, he made more than his dad did.

“I got an amazing salary,” he said.

I kept wondering if his parents were upset. I don’t know why.

“Were they upset?”

He said no. Again. But then he explained. “Learning spreads organically.” And when he moved, it helped spark possibility for his dad.

“He worked at the same company for 26 or 27 years. He more than doubled his salary when he left. It made me so sad. I never want anyone to be in the situation my dad was in,” he said. “He gave the loyalty of decades and they didn’t return that loyalty…”

Why? Because they were following a different code. The “employee code” is not the same as the “employer code.”

I don’t measure much. I try to let my life float by. And I hope to help people feel free enough to live by their own codes too. Like Matt and his dad.

That’s how I measure what’s important to me. Am I supportive of myself and of others? If yes, then I’m a mix of creation and evolution. Robot and human.

“Code” and DNA.


Links and Resources:

  • Read “3 Billion Under 30” by Jared Kleinhart. He introduced me and Matt and interviewed professional athletes, entrepreneurs running companies worth hundreds of millions of dollars, social media influencers, and others have contributed to my next book 3 Billion Under 30, the sequel to 2 Billion Under 
  • Read Matt’s blog Unlucky In Cards and check out his birthday post from turning 33
  • Follow Matt on Facebook, Twitter, and Instagram

Also Mentioned:

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Monday, March 20, 2017

How To Have An Ex-Wife

Anne’s job was to make sure I wasn’t breaking the law. I, of course, was tryng to try break the law as much as possible.

I was working on my 3am website in 1996 for HBO.

Like, if a girl was a 15 year old runaway why should her face be blurred out?

Or if there was a logo in the background of a photo, why blur it out? Who really cares?

Or a naked woman, or a man claiming he killed someone. And so what if someone was drunk and didn’t sign a release form? I’d forge the signature. I had no problem with that.

Anne was assigned the job every week of making sure I didn’t break the law too much. So I did what I had to do. I asked her out.

I figured if she was dating me, I’d get away with more. And, believe me, I was correct.

On the fifth date I tried to kiss her but she said, “Too early.” So we waited until the sixth.

She had a stalker. The very first time I kissed her she screamed. Because right outside the window was not only the stalker but his father. Looking at us.

She had to go to her priest, who eventually spoke to the stalker, who then left us alone. But things like that happen in the beginning of something.

[ RELATED: How To Get People To Like You In 5 Seconds or Less ]


At some point we had to decide, Work or Marry.

She was that age. She wanted kids. I didn’t want to have kids. But if we broke up, one of us had to leave the job, she said.

I had a business on the side. The main client of my business was HBO, where we both worked. So I didn’t want to quit.

This sounds unromantic. I loved her and wanted to be with her. But like everything you do in your 20s, I did everything too young.

We made a deal, marry and wait one year to have kids. Ok!

At the time I was living in the Chelsea Hotel. I didn’t want to move out of the Chelsea into Anne’s apartment after we got married. So we didn’t live together even after we were married.

At work, one of my friends asked, how come you don’t wear a wedding ring.

I don’t think men should wear jewelry, I said.

Maybe these things were signs. But everything is a sign later on.

A year after we were married, I was living in her apartment and she was pregnant.


The hardest part of a marriage, in my simple-minded opinion, is not about surviving negative things. A marriage, for the most part, cannot survive huge bad things.

But this is what a marriage should do:

In a marriage both sides should celebrate each other’s successes with blind abandon.

I think this is what we forgot to do. Or we didn’t yet know how to do.

She might disagree on this. But it’s just my opinion.


GETTING ALONG WITH AN EX

Here are my rules:

A) She is the mother of my children.

Nobody in my life is more important than my children. #1 and #2. Which means she is #3 in my life no matter what.

B) I never will say anything bad about her. 

I write bad things about myself all of the time. I have no shame.

But I will never say anything bad about her.

C) Money. 

Because of “A”, anything I have is hers also.

I hope she never feels the stress about money that I often feel.

D) Kid Decisions. 

I can give my opinion. And I have a lot of opinions. No college. No high school even. I tell my kids every day they don’t have to go to high school. They can just stay with me.

Here’s my high school plan for them: every day we watch a movie and talk about it. And you go to all of my podcasts and we talk about them.

And I will take you to any friends so you have a social life.

That’s my high school plan and I think it’s better than going to high school. But they don’t agree and I don’t think their mother does either.

I can give advice all day long. But they live with her. So I never once argue with her decision.

E) Disagreements. 

The arguments were so sore and bitter that at one point even our marriage counselor (our tenth) looked at us and just smiled and said, “I don’t think you two should be married anymore.”

Sometimes the arguments felt literally raw to the bone. No more blood left.

All of the energy and passion that we once had to staple things back together again was just gone.

And now when we disagree, it usually just signals the end of a conversation. No problem. We’ll talk again sooner or later. We have two kids.

When things have been hard for me, Anne has been there for me also. I am glad I have such a kind ex-wife.

She once asked, “Why don’t you ever mention me in anything you write?”

Well, here you go.


I thought I was a failure when my first marriage fell apart. I was so ashamed about it I would hide it from people.

And again when my second marriage fell apart.

I did a podcast with Kevin O’Leary from Shark Tank. Surprisingly, he had a lot of good advice about relationships.

But one thing he said scared me. He basically said a person is a failure if he can’t make two marriages work. Because no matter what happened, you have to accept part of the blame.

And I’m willing to believe that.

So I did what anyone should do.

I called Judy Blume.

Judy Blume wrote about a dozen young adult novels when I was growing up. I loved her books. “Tales of a Fourth Grade Nothing”. “Blubber”. “Are You There God, It’s Me Margaret”.

And then, of course, I learned a lot more about life from her more adult novels, “Forever” and then “Wifey”. It was the first time I read about sex.

Judy Blume said to me, “Listen. I represent your entire childhood, right?”

Right!

“I’m married to my third husband now for 30 years. He’s the love of my life and I’m 78 years old.

“Third time’s a charm,” she said.

[ RELATED: Ep.142: Judy Blume – Stop Wondering “What is it all for?” ]


When my oldest kid was just five years old I showed her a movie about Hiroshima. In the movie, a little boy watches his sister melt from radiation burns because he couldn’t save her.

Stupid me!

In the middle of the night, I heard her crying and I ran downstairs. She was still asleep but she was crying and hitting her pillow and yelling “Why!”

I woke her up and comforted her. I felt so bad. I caused her to have a nightmare. She kept crying in my arms.

Eventually she calmed down and, still in my arms, she fell asleep.

After the divorce, except for when she was staying with me, I realized I would never again be there to comfort my kids if either was having a nightmare.

How many nightmares has she had since then? How many have I missed?

There are a lot of bad things that can happen in a marriage. And each set of bad things is different for each marriage. Get over it.

But missing the nightmares was the worst thing about divorce.

As for my ex-wife. I’m glad you are such a good mother and friend. I realize it wasn’t so easy being with me.

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Saturday, March 18, 2017

Ep. 219: Jessica Banks – Dare of The Day

 

She said, I am an introvert but had to develop tricks to fake being an extravert because of where I worked.

I said, Do you think everyone in LA is an extravert?

She said, I don’t know. Maybe they are all faking.

We were at a party. I had been sleeping but a friend called me up and said “you have to go this party three blocks away from you.” So I did.

Why? Because why not? Sometimes you know to say no. But to surrender to the moment, if nobody is getting hurt, sometimes you say yes. I went.

It was crowded and I knew some of the people and some of the people I didn’t. I didn’t know her but we were introduced. “You have to ask her for [X} favor,” the introducer whispered to me. But I never got around to the favor.

I said, can you tell me some of the tricks?

I asked because sometimes I feel I don’t really know how to live and look like a normal person.

Sometimes I like being home and writing and reading all day because that passes for human without me having to see, or touch, or talk to anyone. When I go outside, I often feel unhinged. Like I could float away.

So I wanted to know.

She didn’t tell me at first.

Please.

Ok, she said, sometimes I would do what I call a “dare of the day”. I would do something that I might be scared to do or was out of my comfort zone.

I said, like what?

She didn’t want to tell me.

Please.

She squinted her eyes at my face then touched my cheek and rubbed her fingers together as if pulling something off my face.

I would go up to people, strangers, and pretend to pull a wisp of hair off of their face.

That would freak me out, I said. Both doing it and having some stranger touch my face.

I would do all sorts of things like that.

Ok, I said, I want to try this. Start me off. Tell me more or tell me what I should do tomorrow.

She said, I can’t.

She made a motion with her fingers around her head the way people do when describing someone who is crazy.

She said, Now that i’ve told you this your mind will start working on it. Tomorrow you will wake up and your body will know what to do.

She told me the rest of her story, which was fascinating. Stay tuned for the podcast I hope she agrees to do.

Then I went home. I woke up and I was upset about something that had happened earlier the day before.

My friend Amy then had advice: go and eat pancakes and bacon and photograph it so I know you are eating. You have to prove it to me.

I went. I ate. I photographed.

Then my body knew what to do.

I walked outside and there was a man and his daughter. I held up my hands with palms out, non-confrontational and said, “Good morning!” and they smiled and said good morning back.

I started walking home. I saw a couple holding hands. Palms out, Good morning! And you [the girl] I love your blue hair. And you [the boy] I love your jacket.

A pretty girl crossing the street. Good morning! She turned away and angled away from me as she walked past. I guess it might be taken the wrong way sometimes. Maybe it might not be attractive.

I said to a guy opening up his store. Good morning! He smiled. Hey, good morning, guy.

I said it all the way home. I got home. I didn’t feel down anymore. The sun was coming in. I started to write.

First I wrote the girl from the party and told her what happened.

She wrote back (i’m going to paraphrase), don’t record your dares. That’s why I was hesitant to tell you the dares I did.

Ok, other than this one, I won’t.

She said it will take a few weeks to figure out your boundaries on dares. Both personal and physical.

She said, don’t dare anyone else to do this.

I didn’t understand her reason. But maybe it would affect the way I did my own dares. SO DON’T DO THIS.

I wanted to leave the party but I had one more question.

What did you do after you were working in LA for so long as an assistant.

She said, I went to get a PhD in Robotics at [best school in world for Robotics]. She laughed and I think she said, maybe that was a dare for myself also.

I went home. I went to sleep. And she was right.

My mind was going crazy that night. But in a good way.


Links and Resources:

Also Mentioned:

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Wednesday, March 15, 2017

My Top Seven Rules

Mike Tyson woke up and nudged me.

“WTF?” I said and tried to stay asleep.

“James, someone on Quora is asking for the top 7 Rules.”

“So?”

“Listen,” he said, so softly it was like a whisper, and he almost crushed me when he rolled over onto me.

“Remember my one rule,” he said.

I tried to get awake. I didn’t want to die.

“Remember,” the great philosopher and former world heavyweight champion of the world said, “When someone hits you in the face, all of your plans are out the window.”

“Ok, ok,” I said. Went to the bathroom Washed my face. Brushed my teeth and sat down to answer the question.


These aren’t platitudes. They aren’t things I can read and feel good about myself on a commute to work.

This isn’t self-help. This is survival.

When I don’t follow these rules (ALL of them), I go down. I am beaten. It’s a knock-out. My brains get splattered, my heart gets broken and my bank account goes to zero and my kid’s friends spit in their faces.


Rule #1: BAD PEOPLE = BAD RESULTS

When I am in a bad relationship, I lose money, friends, self-esteem, time, and health. Period.

Someone gave me this advice: “You’re not going to end up dead. You’ll end up in jail.”

Dead, jail, broke, friendless. It doesn’t matter. I don’t want any of it. End it.

And this holds just as much for a bad business partner and a bad friend. People who bring you down, need to leave.

What if you are the bad person?

No problem. If you’re the one bringing people down, then surround yourself with good people and you will be inspired by them and you will start being a good person.

So either way, get rid of the bad people in life.


Rule #2: YOU’RE AN ALIEN FOR JUST ONE DAY

Every day when I wake up, before I even open my eyes, I say, “Where am I?” I breathe deeply. I wiggle my fingers and toes. I peek out and see the sunlight coming in my eyelids.

Ok, I’m on Earth. Today. I’m a human. Today.

Who am I?

I start to filter through my memories, figuring out who I am. For the day.

Because I’m an alien on a mission. I’m sent to this one body for just this one day and my only purpose is to determine how to improve his life for just this one day.

And then I will be off to a new body. So the coast is clear. I can do whatever I want that I judge will improve this person, this body I am inhabiting for the day, and then I move on without regrets of anxieties.

Trust me: this helps me make better decisions, this helps me to not worry, this helps me to feel less regret.

If it sounds stupid, you don’t have to do it. This is what works for me.

I’m on a mission to make “james” a better person today by the time he goes asleep. And if I fail, then the Universe will explode


Rule #3: CHOOSE YOURSELF


Rule #4: IDEAS ARE THE CURRENCY OF THE 21ST CENTURY

It’s ok when nobody believes me on this one.

But gone are the days when a degree and a title will guarantee you a safe job, promotions, salaries, and a stable life.

Ideas and skills will propel you to vision and purpose…to success and freedom.

How do you do this?

a) Write ten ideas a day to exercise idea muscle (it doesn’t matter that I’ve said it before. It’s how I remind myself to do it every day.) When I haven’t done this, I’ve lost my life, when I do this, I help everyone around me. It’s that simple

b) Always learn from everything. Everyone I speak to. Everything I read. Everything I do. I try to remember and write down ten things I’ve learned.

They don’t add up. They multiply. Because ideas have sex with each other and make thousands of new ideas.

Because things you learn, connect the dots with other things you learn and spit out unique ideas nobody has ever thought of. This is how the universe has grown ever since the Big Bang.

Your brain gets overpopulated and eventually actions spill out. Which leads me to:


Rule #5: ACTIONS > WORDS > THOUGHTS

Everything done in history is the result of an action being DONE.

Not a thought. Not a word. Only actions are recorded by the scribes of humanity.

Do something today. Take a course. Learn how to shoot a bow and arrow. Start a book. Connect two people who can help each other. Raise a child. Build a school.


Rule #6: HELP PEOPLE

If you just help yourself, you live a small life. If you have a reason to get out of bed that is bigger than you, you will have a big life.

Some people worry about their Instagram likes. Other people every day try to help others.


Rule #7: The 1% RULE

Every day try to get a tiny bit better in physical health, emotional health, creativity, and spirituality.

1% a day compounds to 3800% per year. It’s amazing what this means. What this has done for my own life.

I’ve gone from suicidal and depressed to starting companies and writing books just because of this one rule, rule #7. If you forget rules 1-6, they are all derived from rule #7.

[ RELATED: How to Be THE LUCKIEST GUY ON THE PLANET in 4 Easy Steps ]


Mike Tyson is looking over my shoulder.

“Remind them, James.”

You have to remember when you’ve been punched in the face, when you are bleeding flat on your face on the floor, to get yourself up and do these rules.

You have until the count of ten. Or you lose.

The only way to survive is when everything is against you, when you are about to go into a life coma of depression and anxiety, that these rules are what will change you and save the world.

Even just pick one and DO it. That’s how you get off the floor. Just one.

This is your mission.

Thanks Mike. I love you.

The post My Top Seven Rules appeared first on Altucher Confidential.



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Tuesday, March 14, 2017

Self-publish The Bestseller Inside Of You: A How-To

Amazon said, Let us know when you are next in Seattle. We want to do some stuff with you.

I had no plans to be in Seattle. Zero.

So I booked my ticket and called them back. “Guess what! It turns out I’m going to be in Seattle next week.”

Great! Let’s do some videos.

I shot about 20 videos for Amazon. As always, it’s an education to spend time with the largest bookstore in the world.

I’ve self-published many of my books, including my three best-selling books: “Choose Yourself“; “Reinvent Yourself“, and the “Choose Yourself Guide to Wealth“.

One person once wrote me, “Do you only self-publish because no publisher wants your books.”

I didn’t write back. He was mean! But I’ll answer here: No.

Maybe back in 2011 I didn’t want to go through the process (AGAIN) of begging a publisher to publish my 7th or 8th book.

I love self-publishing. I will tell you why. I hope you do it as well.

Why do I hope you do it? I don’t really know. Maybe you feel you need “permission” from editors, agents, peers, publishers, marketers, bookstores.

Maybe this is a love letter to my dear friend: you don’t need permission. You are special and worthy of love without it.

I’m going to list the reasons why I like to self-publish, how to get started on writing, and whether or not there is any negatives.

Let us go then, you and I!

A) SPEED

I live and breathe on challenges. I make every day a game. The other day I had to hug someone for 30 seconds or more. A stranger.

I was with a friend and I told her the challenge. I told her i was too afraid to do it. I was terrified.

She said, “Ok, if you don’t do it within 20 minutes I’m going to do it first. I will shame you.”

The next person who walked by… I said, “Can I hug you?”

He said, “Uhh, ok?”

And so I hugged him and I wouldn’t let go. He said, “Is this good now?” And I said, “No” and kept hugging. He said, “Uhh, I have to get to work now.” And after 30 seconds I let go.

Challenge done.

I gave myself another challenge a few years ago. Write and publish a small novel in a weekend.

I did it. I finished by Sunday night and uploaded it to Amazon under a pseudonym. In world history, you would never have been able to write AND publish a book in a single weekend.

With a traditional publisher, you write an outline and a few chapters, you get an agent, who submits to editors, who convinces a marketing department, who convinces a publisher, who begs bookstores to buy it. Then they buy it from you.

I love traditional publishers and agents because they loves books. I love talking to editors about books. I still want the love of editors. So this is not against them.

But I like speed. From the first time you put words on a paper, until you see your book traditionally published, will take you one to two years.

I took a weekend on a novel. My typical self-published book is around six months.

Another friend of mine publishes a book every two or three months. Another friend writes fantasy novels –maybe two or three a month.

He’s sold over two million copies of his books. All through self-publishing.

B) CONTROL

Seth Godin asked me, “How do many people pick the books they buy?”

I don’t know.

He said, “They see the books on the bestseller table.”

His point: people SEE a book. You have to make your cover look like a bestseller.

The best designers in the world are freelance. They pick and choose their clients.

For my last book, “Reinvent Yourself” I noticed something unusual. People wouldn’t just say, “I’m reading “Reinvent Yourself”. I always noticed they tweeted the photo.

Why?

Because it’s beautiful. It’s a work of art. The designer (cc Pamela Sisson) spent about four or five months working on nothing but that cover.

Cost: $3000. But I’m sure the cover alone has sold more than that many copies.

Interior design was also key. I hired the best interior designer (cc Erin Tyler). And my own editor. And someone to help me format it right for Amazon.

Then I determined the price. I want readers more than money (I’m a big believer in Kevin Kelly ‘s “1000 true fans” concept).. So I price as low as I possibly can.

Then I get to determine all of the marketing. Then I get to raise and lower price or offer the book in various bundle deals to subscribers of my email newsletter. And so on.

Soon I will make the audio book. I control those rights as well. And I hired a foreign rights agent to sell the rights in other countries.

Choose Yourself“, a self-published book, I’ve sold the rights in over 12 countries.

C) HIEROGLYPHICS ==> GUTENBERG ==> AMAZON

The first writing we can decipher has to do with basic accounting. “I made 4 here, and lost 3 there.” Something like that. Profit and Loss.

The oldest story in the world: Money.

The people with the money controlled the information. Controlled the stories.

When Gutenberg made his little press,one group was very upset: Monks.

Would easy distribution take power away from the Monks who were the publishers of the 1400s.

The answer was yes.

And now anyone can write and publish a book. The dissemination of how YOU feel about he world can now be written down and published.

Nobody can tell you “no. “No publisher in NY or LA can say, “the market is not ready for this.”

YOU and I are ready for this. So let’s write it.

Have I told you yet how much I love you? I’m a slut for words.

D) PERMISSION

  • You don’t need to be a good writer.
  • You don’t need to have a good story
  • You don’t need to have anything to say.

Write a book of blank pages. Write a book of graffiti written on toilets.

Or, write the best science fiction novel of all time (both “Wool” and “The Martian” were originally self-published).

You now have permission to write.

E) I JUST HAD AN IDEA

In 1995 I wanted to make a website. I never did it. But here was the idea.

Every day I’d take a picture of the most beautiful person (woman or man) that I saw. I’d write down WHY.

Then I’d take a photo of the ugliest person I saw (other than the man in the mirror) and write down why.

I’d put the photos on a website each day and invite comments.

I know. It’s mean. The web can be cruel. Meaning, the humans who make it can be cruel. And, believe me, much cruelty has been inflicted on me on the world wide web.

But maybe this would be a fun idea for a book.

Or not. But nobody can stop me.

I have so many stupid ideas for books it’s almost scary how stupid and mean I am.

One of these days I will write all of them. Or one of them. I don’t know. Some of them. Certainly some of them.

F) MONEY

Here are my advances from traditional publishers (I’m trying to remember them since it’s over the space of 13 years).

Trade Like A Hedge Fund“: $5,000
Trade Like Warren Buffett“: $7500
Supercash” (I finally got an agent): $30,000
The Forever Portfolio“: $100,000
Investing for the Apocalypse“: (I fired my agent and had to find my own deal): $60,000
The Power of No“: $15,000

Here’s what I made from just one of my self-published books:

Choose Yourself” (priced mostly at 99 cents): between $300-400,000 (including foreign rights, which sold to many more countries than my traditionally published books.)

The Rich Employee“, “Choose Yourself Guide to Wealth” and “Reinvent Yourself” are all on a similar course.

But that’s not all. I kept begging my publishers to help me focus on career choices rather than just how to make a single book a success.

With “Choose Yourself” I was able to focus on number of readers. Then I was able to provide additional services and opportunities for readers and for other writers who I felt offered valuable opportunities to readers.

I made a little business out of that. The business has books, podcasts, courses, special reports, etc. Because I have control over my writing I can control my success.

I will care for my career if nobody else will.

G) MARKETING

Marketing for a book is very difficult.

After 18 books, I think I am starting to have a grasp on it. One time I tried to show a publisher some tricks of how I did marketing.

She said to me, “I’ve been marketing books for 19 years, I think I know what I’m doing.”

And I hit myself because it’s my fault I didn’t present better.

I tried to help some more. I wrote some ad copy for the book for them to send to their email list.

They wrote their own copy and sent that. Inside of their own copy for my book they had links out to ads for other books. They didn’t really care about me. They sold almost none of my book on a two million person list.

I should have just rented their list and put my copy on it.

Well, now I could do whatever marketing I want.

I can rent email lists. I can bundle with other products. I can hold contests and do giveaways.

I can control price. I can build Facebook “look-a-like” lists and market to those lists. I can advertise on Snapchat, LinkedIn, Twitter.

I can test with small amounts of money and see what the most profitable routes are so I can scale.

I can try out different types of copy to see what works the best.

And on and on. This is an entire topic by itself.

H) REDEFINE ‘BOOK’

I look at my friends who self-publish or “alt-publish” and I learn so much. I try to learn from everyone.

Kamal Ravikant wrote his book, “Love Yourself” a few years ago. He claims I convinced him to write it but I think he forgets the real story.

I DIDN’T want him to write it. I wanted to take his story and make it a blog post. I am totally selfish and willing to screw over even my own friends!

But he said, “Uhh, I think I’m going to make this a book.”

And then he did something that ZERO publishers would say “yes” to.

He wrote and published a 70 page book. Publishers HATE 70 page books. For them a book is a strict 60,000-80,000 words. NOT 10,000 words.

But Kamal proved them wrong. 2300 positive reviews later he proved them VERY wrong. It’s one of those most inspirational books ever written.

For me, he changed the definition of what a book could be. It could be small. it could be too big. it could be whatever you want.

And one time I was watching a talk being given by my friend, Tucker Max. He blew my mind with one thing he said.

In the talk he says, “What if you want your great-grandkids to know your family’s history. You can now write it in a book and publish that on Amazon.”

Nobody will buy it! Only your great-grandkids. And their great grandkids.

But there it is: your family history. Never before could someone do that because no publisher would have deemed it worthwhile.

But it IS worthwhile. Your family history is priceless to your descendants. And now it can be made into a book.

So the definition of a book is up to you. It’s no longer up to a handful of four publishers with a small army of editorial assistants who have the power to “yes” or “no” a good idea.

I) SELF-PUBLISH and THEN PUBLISH

Publishers are getting smart. They often look at self-published books as the minor leagues of publishing.

“Wool” was self-published, sold a few hundred thousand copies and then went to Simon & Schuster for a big advance and mass distribution.

Same with “The Martian” which not only became a huge bestseller, but a movie (note: both Hugh Howey (“Wool”) and Andy Weir (“The Martian”) have come on my podcast to tell the story.

And a tiny book called “50 Shades of Grey” was self-published, sold about 250,000 copies before it was picked up by (I think) Simon & Schuster and then sold 150,000,000 copies. More than every book in the Harry Potter series combined.

Another friend of mine is about to take his self-published book and offer it to publishers. He thinks he will get about a $500,000 advance .

For “Choose Yourself“, I got the call from publishers after it was self-published. But I decided not to go that route. I am afraid I am too much of a control freak.

The other day, for the first time, I saw two copies of “Choose yourself” in a bookstore. Go Amazon!

J) GET IT OVER WITH

We all have at least one horrible book in us.

In 1991 I wrote a novel called, “The Porn Novelist, The Romance Novelist, the Prostitute, and They’re Lovers” , riffing the title off of a movie: “The Cook, The Thief, The Wife, and Their Lover”.

I never did anything with it.

But now, if I want (which I don’t), I can publish it.

People often have the hardest time with the first book they write. It’s a milestone. It’s what divides the “writers” from the “book writers”. Well…take that horrible book out of the box you put in storage and publish it.

Then write your next book.

Every great writer I know wrote a horrible first book.

K) NO STEREOTYPING

In any industry, there’s an urge to stereotype. If you write finance books, a publisher won’t want you to write a dystopian novel. And so on.

I’ve written non-fiction, fiction, a children’s book, personal improvement, finance, etc.

It doesn’t matter. I will write whatever I want. And I’ll write forever.

Nobody can stop me.

J) A BOOK IS THE NEW BUSINESS CARD

Let’s say you are up for a consulting or speaking gig.

One person wrote a book and the other didn’t.

Who will get picked?

It might seem unfair that it boils down to that. But I will tell you for sure: 9 times out 10 the person with the book will get the gig.

Nobody can tell who is 10 or 20% better or worse. All they see is the book.

[ REALTED: How to Self-Publish a Bestseller: Publishing 3.0 ]


FAQ

WHAT IF I CAN’T WRITE?

A lot of people have a story. A message. A vision. But have no time to write a book. It’s hard to write a book.

This is why I like Tucker Max’s business model, “Book in a Box” – tell them your book, they interview you extensively, and six months later (maybe less) your book is published. You now have a book.

 

DO SELF-PUBLISHED BOOKS HAVE A STIGMA?

I have two very smart, very talented friends, who are having a hard time getting a publisher.

Both of these friends are being jerked around by everyone who keeps throwing ideas at them.

But they should just write their books and publish them. Instead, they say things like, “I need a traditional publisher. Too much stigma.”

Fair enough. I can’t argue with someone’s beliefs. I know only what is good for me. And even then, I usually don’t even know that (I have to be honest about this).

But let’s go to the data.

AuthorEarnings. com has good data.

Here are the facts:
A) Self-published books have higher star ratings than traditionally published books (on average).

In other words, they are better.

B) Self-published books have better ranks (on average) than traditionally published books.

In other words: they sell more.

Is there a stigma? That’s up to you and your private thoughts at three in the morning.

 

WHAT IF I HATE MARKETING?

That’s ok. I hate marketing also.

Ultimately there is only so much marketing a person can do.

Here are the two real secrets of book marketing:

a) Write a book people will share.

Your readers are your best marketers. Write the sort of book someone will tell their friends about.

It doesn’t matter how many ads, reviews, podcasts, book signings, letters, whatever you do.

If a reader won’t tell a friend about your book, then your book is no good and won’t sell.

b) Write the second book.

“The Martian” was Andy Weir’s second book. His first book sold ZERO.

“Wool” was Hugh Howey’s tenth (I think) book. I never heard of him before “Wool.”

And EL James had 5 million fans of her Twilight fan fiction on fan fiction. net before she wrote her first book.

But here’s the important thing. Publishers won’t market your book either. They can “announce” your book. But a week later they have five more new books to announce.

You are the one one in charge of your marketing, your career, your process.

Nobody else.

For your entire life. For every project you ever do. For every relationship you have.

 

ARE BOOKS DEAD?

The typical National Book Award Winner (in the United States) will sell 2500 copies of their book.

Less than most blog posts.

So why write a book?

A blog post is a certain format. You can write a blog post in a day or a few weeks. A book is a different format.

With a good book I get the sense that the author takes his or her very best thoughts and crushes them down like coal into diamonds before fitting them in between two covers.

That’s ok if a book sells only a few copies. You deliver your very best thoughts to your very best readers.

And then both sides celebrate. Because a book is an event.

It’s a party of words. It’s a bloodbath of your fears. And now you’ve given them as a gift. To me.

 

WHY DO I CARE SO MUCH?

I don’t really know. I wanted to be a writer when I was 12 years old. I wanted to publish a novel when I was 23 because I wanted to be a prodigy and I so clearly wasn’t.

I wanted to write because I felt it was the only way I could express myself so people would like me. I was too shy to express myself in other ways.

I wanted to write because I wanted people to think I was smart and clever and look up to me. I felt if I wasn’t special in some way that I would have a bad life.

I was wrong. I was so wrong about everything. What I really needed was therapy of some sort.

I’ve done many things since my first desire to write a book. And most of them have twisted themselves into misery.

But I love books. I love writing. I want to share that with you. I want you to have the pleasure I have felt from seeing my own book out there.

And maybe I want to justify my choice. But I believe in this also. I want you to share my pleasure.

And I want you to read my next book. And yes, I want you to love me because perhaps I don’t love myself as much as I would like.

Ultimately a book is a love letter. From me/you to all the strangers in the world I am afraid to talk to but I want to. I really want to.

The post Self-publish The Bestseller Inside Of You: A How-To appeared first on Altucher Confidential.



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