Monday, January 29, 2018

My ‘CHOOSE YOURSELF’ State Of The Union

Yes, I once considered running for Congress (after watching Season One of House of Cards).

Yes, I went through the process of looking into hiring people to help me. I sought out advice from professionals (the advice I got is a story by itself) and even began the process of looking for endorsements from national-level people.

Yes, I was disenchanted by the immediate emphasis on money and the idea that I had to be willing to cave in to most of my principles if I wanted any help at all along the way. And I had to pay if I wanted someone to endorse me.

Authenticity and logic behind my principles plays no role at all.

This is politics 101.

Once you are elected, you have already graduated to Politics 501 and any pure and sincere beliefs you ever had have long since been abandoned. This I saw.

So now I just write and BS about it.

Much more fun. Better to invest in things that will help humanity then deal with the nuances of things that won’t change.

Every month I put my efforts behind new charities or projects or businesses that actually help people.

Clean your room before you save the world.

BUT…here are a few ideas that I think can easily be fixed to make the world an enormously better place on every level .

– BAN THE FDA

People aren’t getting drugs they need.

How come? Because it costs $2 billion, 5+ years, and a lot of lobbyists to get a drug approved by the FDA.

And because it costs so much, drugs are super expensive. Soliris, which cures “paroxysmal nocturnal hemoglobinuria” costs $700,000 a year so they can recoup their approval costs.

It would cost $70 a year otherwise.

And bad drugs are getting approved. More drugs are being recalled every year than the year before.

So what good does the FDA do anyway?

Let’s move to a Yelp-style system and let people take control over their own medical lives with the help of both doctors and data.

Result: life-saving drugs will be 1/1000 the price. Treatments will be easier to access and cheaper. And people will become more informed about their own bodies.

Needless to say, all drugs should be legal. This would reduce the burden on the legal system, the prison systerm, and focus our efforts on the mentally ill and addiction issues (since addicts will get their drugs no matter what the laws are).

Summary: Lives saved, less people in jail, more money for people who need it.

– STOP BACKING STUDENT LOANS

I get it. Get everyone “educated”.

I won’t even argue my education points here. Just the economics of backing student loans.

The government backs student loans, thinking that this will cause more students to be educated.

Wrong:

what happens is that college presidents are increasing tuitions at a rate 10x faster than infaltion, knowing that they will get paid, even if the student gets screwed.

Student loan debt is higher than a trillion dollars and it’s the only debt you can’t get rid of in a bankruptcy.

So graduates now get crappy jobs to pay down the loans instead of participating in the innovation economy, the part of the economy that produces all of our advances in technology, biotechnology, alternative energy, etc.

In other words, the part of our technology that creates true wealth for young people and saves the planet at the same time.

Instead, we are raising a generation of slaves to the banks and the government.

This is not a rant against college. If the government stops backing student loans, tuitions will go down, less debt will be created, and young people from lower class backgrounds will have more opportunity to be wealth entrepreneurs.

– BAN THE PRESIDENT

What a waste of time.

We had an election in November 2016.

Guess how many bills the President of the United States has proposed and had passed by Congress since then:

One.

I’ll repeat that.

One.

There’s been millions of tweets. Brother and sister hate brother and sister. Riots in the streets. He’s passed one goddamn bill. What a joke.

No more President.

The President actually has very few powers mandated by the Constitution. He can’t declare war (the last “official” war was 1941). He can’t pass laws (he can recommend). He can negotiate treaties but not pass them.

He can entertain foreign leaders (and I’m sure we can find better entertainment). He can pardon people. He runs the military (poorly, if history is any judge). He creates new cabinet-level departments (poorly, if history is any judge). He appoints Supreme Court Justices (a power that can just be outsourced to the people: if we elect the President, who appoints the Justices, why not just go direct to elect the Justices?).

I was going to say the same thing about Congress but then realized I was wrong.

Here’s the last bill passed by Congress:

“H.R. 3942: Housing for Survivors of Sex Trafficking Act”. It amended some other bill providing housing for victims of abuse to include victims of sexual trafficking.

Good for them!

The role of government is to help those who, for whatever reason, cannot properly help themselves at the moment.

In some cases, we need a Federal agency to do this. In most cases, state and local governments should do this.

Quite frankly, wealthy entrepreneurs should do this.

Within the next day I’m going to figure out how to donate to housing for victims of sexual trafficking so I can put my money where my mouth is. If anyone has any suggestions (I think there should be more crowd sourcing of charity) then I am open to it.

– TAXES

The one bill passed by Congress (and approved by Trump) has been tax reform

But frankly, I’d like to know if it’s better for me to spend my money or for the government to spend my money?

For instance, 16% of my taxes go to support “defense” (really: offense) and wars the US pursues.

1357 children will killed in Afghanistan last year as a result of the war. Another 2500+ were injured as a result of war.

So some of my hard-earned money, that I could have used to hire people or invest in people or help create new and great things were used to kill little kids.

Shame.

Again: the role of government should be to help those who cannot help themselves. The role of government is not to kill little kids.

I once wrote this and someone responded back, “If I saw you in the street I’d bash your head in you little jew. I’m a patriot!”

Fine.

Bash my head in. Just don’t kill little kids anymore.
51% of my taxes are used for social security and medicare. This is a good use. EXCEPT, drugs are too expensive because of A) the FDA, and B) doctors know they can raise prices and the government would pay.

Ban the FDA is a good start. And then let’s see what happens with doctors raising prices when generics are completely legal from the beginning.

And here’s a quick way to raise a lot of money in the United States, paying off the entire national debt, while still lowering my hard-earned taxes:

US corporations are keeping $2.6 trillion overseas doing NOTHING but generating income for foreign banks.

Why?

Because they are afraid to bring it back here and get it taxed.

Solution: let them bring it back with a one time bare minimum tax. For every dollar they bring back they have to reinvest (i.e. not put in a bank savings account) 10% of it per year distribute as dividends.

FAQ ON TAXES:

Does this let corporations off the hook?

No. They still have to pay a tax (as opposed to the zero tax they are doing right now) and they have to reinvest in jobs or other opportunities or return to shjareholders.

Does this help the common taxpayer?

Yes. There is something called the “money multiplier” . For every dollar spent, it goes through the economy , on average, ten times.

What does that mean?

It means when you buy a donut, the donut guy buys a newspaper, the newspaper guy buys a new chair for his house, the chair guy buys a new car, the car salesman buys a new house, and so on.

A single dollar is passed around per year many times.

So $2.6 trillion abroad could equal an additional $26 trillion spent on the US economy.

What is the US debt?

$18 trillion.

BOOM!

Is this trickle-down economics?

No, it has nothing to do with that. It’s just simple: the more money in the US economy, the better the economy will be.

Is this overly simplistic?

Sure. But let’s start somewhere. “Complicated” never seems to work.

CONGRESSMEN NEED TO STAY HOME

Industries like Pharna, Insurance, and Defense spend billions on lobbying in Washington DC.

Why do they need to spend so much money? If they are really educating people on facts, what is costing so much?

Here’s my solution: congressmen have to vote FROM HOME in their districts.

Benefits:
– elected representatives get to spend more time with the people who elect them and the issues of those people.

– make it more difficult for lobbyists to use money to influence votes

It’s important to always understand the history of why decisions were made.

The reason our “Founding Fathers” thought it wise to have a Congress that meets in one place is because…there were no phones then. No Internet. No way to communicate over vast distances.

The improves in communication should be reflected in a modern day government instead of a centralized location with tons of bureaucracy and extra weight on spending our hard-earned money.

CRYPTOCURRENCIES AND MONEY AND REGULATION

Obviously I’m a fan of cryptocurrencies but the US has issues with how it should be regulated. Some initial thoughts.

It should be regulated like any stock or commodity. In other words: no insider trading, every trade must include risk, people need to report gains in cryptocurrencies, and criminals need to be prosecuted.
Cryptocurrencies need to be more integrated into the banking system and the Federal Reserve system and monetary policy.

Let’s be clear: the biggest threat on the economy right now is cyber warfare on our banking system.

If North Korean hackers hack into Bank of America and tell you that your account is $0, there’s no way for you to defend against that at the moment.

Cryptocurrencies, among many other things, solve this problem.

There are, of course, several issues that have complicated solutions. This is also something that will happen organically over time and without much government intervention.

The best the government can and should do now is to prosecute criminals involved in any schemes using cryptocurrencies.

This will get people who are still unfamiliar with the basics of cryptocurrencies to become more aware of it’s existence, it’s uses, it’s possibilities and we can start to move towards an economic system with less human error, less banking, less forgery, more privacy, less contract law, less impact on the legal system with minor (but bitter) money disputes, etc.

I’m not making many recommendations here since the technology for doing these things is evolving proactively (just like the Internet did between 1994 and 2018) and will happen organically.

BUT, regulation needs to get serious on CRIMINAL activity with cryptocurrencies. This will lead to mass adoption.

Which will lead to a serious understanding of how data-based currencies can help solve problems in the economy .


These are just a few items.

But if a list becomes too big, it’s easy to ignore.

When I focus on how to best change my life, I take the two or three most important items I want to change, I break them down to smaller and smaller items.

And I begin my work. Every day I ask: did I move in the direction I set out on the map.

Then my life changes.

Then I kiss you good night.

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311 – Todd Barry

“It’s weird to do something that you didn’t really plan on doing,” Todd Barry said. He’s a comedian, actor and author of “Thank You for Coming to Hattiesburg: One Comedian’s Tour of Not The biggest cities in the World.” But he wanted to be a musician. “I didn’t go on stage with the conscious goal of pursuing comedy. In my mind, I still wanted to be in a band. And at some point, I think it was like 8 months in where, I was like, ‘I guess I guess I’m doing this.’” I wanted to know what kept him going. And it was simple.  “Weirdly, I don’t think I ever said ‘I’m thinking about quitting…’ which I guess is pretty telling.”

I never thought about quitting this podcast. Or my writing.

Some things I think about quitting every day. But then reason comes in.

Sometimes I can’t choose myself because I’m choosing myself in other areas of life. And I think that’s normal. There’s a beam in the middle of the sky. Sometimes you feel like falling off, to drop into the net of the unknown. And sometime you stay on the platform and find yourself. Todd stayed on stage. He became a comedian. He didn’t jump.

Maybe that’s how you find your calling…

By not quitting what you don’t hate, you create skill. And skill becomes love.

 

Links and Resources

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310 – Tim Larkin: Surviving the Unthinkable

She’d been assaulted twice before.

And it was about to happen again.

But this time she had the tools.

She was loading flowers into her car… when the hair on the back of her neck rose. A voice said, “Do you need help?” And then he grabbed her waist and picked her up off her feet.

In this situation, violence WAS the answer. “This is a key mindshift people need to take for their own self protection,” Tim Larkin said. Tim’s an American self-defense expert, the founder of Target Focus Training, and author of the “New York Times” bestselling book “Surviving The Unthinkable.”

Humans are vulnerable. Unless, we learn to defend ourselves…

“The side of the neck has two nerves, an artery and a vein. So you can interrupt blood flow. You can cause a vasovagal response where the person faints,” Tim said.

The woman threw her elbow into the man’s neck.

“And she essentially cause the vasovagal. Because the man dropped her. And he started to fold down.”.

She jumped on his knee and separated all his  cartilage. I tried not to imagine what that’d feel like. (I failed.)

But the man was no longer a threat.

I feel like I could be that woman. She wasn’t bigger than her attacked. She wasn’t faster.  Or stronger.  She used what Tim Larkin taught her. And it saved her life.  

“Violence is very transactional for criminals,” Tim said. “It’s their source of currency. And so they have to get it right. They can’t afford to have opinions, they have to get results. And so that type of thinking is actually extremely useful when you look at your own self protection. When they look at someone who’s bigger, faster and stronger they don’t see bigger, faster and stronger, they see he has a throat like me, he has knees like me and he has eyes like me.”

“How did you learn this?”

Tim went and talked to the heads of prison gangs, members of the mafia and drug lords running million dollar drug businesses from jail. He learned how they think.

I feel like we live in this society where there’s rules of etiquette, but there’s not really rules of etiquette when someone’s trying to kill you.

Crazy things happens everyday.

I want to learn how to be more aware of my surroundings.

And I want to do it by getting just 1% better a day. (By taking small steps each day…anything you do, to get better at protecting yourself.)

We’re all vulnerable to violence.

But we can be taught to overcome.

Links and Resources

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Friday, January 26, 2018

Seven Steps To Learn and Master Anything As Quickly As Possible

I hate learning.

I wanted to learn how to trade stocks and I ended up losing my home.

I wanted to learn how to play chess better and in one of my first tournaments I threw all the pieces on the floor and cried.

I wanted to learn to play poker and I lost about $20,000 the first ten times I played.

I wanted to learn how to start a business. I wanted to learn more about investing. I wanted to learn computer programming, how to make a TV show, how to write a book, how to speak to a large audience, how to do standup comedy.

Heck, when I was a kid I wanted to learn how to breakdance. I wanted to learn how to kiss a girl. I wanted and wanted.

Every time I ended up crying.

And then I learned to learn.


A) HACK THE 10,000 HOUR RULE

This rule, developed by Anders Ericsson and popularized by Malcolm Gladwell, damaged me for years thinking I needed 10,000 hours to succeed at anything, states that you need 10,000 hours of “deliberate practice” to reach master-level potential.

For instance, as Gladwell writes in “Outliers” (but Ericsson disputes in his book “Peak”), The Beatles got their 10,000 hours playing 20 hours a day in strip clubs in Germany before they wrote their first album.

Mozart played piano for 10,000 hours by the time he was 12 years old.

Story after story.

So I felt frustrated. I feel frustrated.

I’m 50. Sometimes I feel like it’s too late for me.

I only like to learn something if I can be among the best. If I can reach my potential. Potential enough to see the nuances in something I love so much I want to get good at it.

I’ll be dead after another 10,000 hours of learning.

But now I’m convinced the 10,000 hours can be skipped.

Here’s how.

B) PLUS, MINUS, EQUAL

PLUS

Find mentors.

A mentor can be real (someone who is willing to help you analyze your mistakes), or virtual (read books).

Both real and virtual are good.

For anything you are interested in, you should read 100 books a year. You should watch 100s of videos.

We have mirror neurons that learn by watching or reading our virtual mentors. It’s as if we download their lives into our brain and the mirror neurons think that their experience are ours.

For instance, when I wanted to learn how to be a better public speaker, I would watch videos of great public speakers right before I had to speak.

When I played in chess tournaments I would play through the games of world champions so I could learn more how they thought about the game.

And every time I lost a game I went over the game, move by move, with a grandmaster who I paid to coach me. He would set up similar positions to my losing position and we’d play game after game until I mastered the nuances.

When I wanted to learn about investing I read every investment book I could find and spoke with 100s of other great investors.

When you read, to maximize what you learn: immediately after reading a book write down “ten things I learned”. Else, you won’t remember more than 1 or 2 things at best from the book.

I’m trying to learn Standup Comedy now. I capitalize it because it’s that important to me. It’s the hardest skill I’ve ever had to learn.

I’m in year two. I probably watch 20 videos a day. I videotape myself on stage 4–6 times a week. And I read books about and by comedians.

And, fortunately, I have a podcast. So I ask great comedians to come on and I can ask them any question I want.

EQUALS

This is so important it really deserves its own letter. This one category alone, “Equals”, is worth about 4,000 of the 10,000 hours.

Find people who love what you love and spend as much time talking about this shared area as you can.

If you are all equally striving and finding your own path through learning this new skill you all want to share, then you will build community and learn together.

When I was learning poker, my friends and I would compare notes on every difficult hand we played during an evening.

When I was learning investing, I’d talk to friends in every area of investing (day trading, arbitrage, value investing, special situations, quantitative, etc etc) and we’d share notes and quickly learn through the experiences of each other.

Why not do this with mentors?

Because the mentors have so far passed this level they are not always able to get into the weeds in the same way as the Equals.

MINUS

Explain what you are learning while you are learning it. Two reasons:

1) If you can’t explain in a simple way, then you need to learn more. Beginner’s mind.

2) People who are behind where you are at in learning the skill will ask basic questions that you often need to rehearse and rehearse and rehearse. Again: beginner’s mind.

C) MICRO-SKILLS

Every skill worth learning has dozens of micro-skills:

For instance, when I started my first successful business I had some natural skills at sales and technology (it was a technology business) but I had to learn so many micro-skills in order to succeed that it felt like I was going to die and fail almost every single day.

Here are some business micro-skills:

Sales, Management of employees, Negotiating, Selling to investors, Selling to acquirers, Product development, Product consistency and execution, Motivation, Emotional stability, and on and on.

All of the skills are exclusive of each other. Negotiating is not the same as Sales. Product development is not the same as management. But each skill needs to be developed to be successful.

Chess micro-skills: openings, middle game, endgame, tactics, positional play (which can be divided up into about 50 micro-skills, as well as all the different types of endgames), attack, defense, psychology, etc.

Standup micro-skills (I think. I hope): likability, commitment, crowd work (20–50 different types of crowds, mic work, pacing, stage control, and finally humor, which includes: punchlines, premises, tags, call backs, story telling, persona, act-outs, etc etc.

For whatever you are interested in: list the micro-skills. Figure out what you are good at, what you are bad at, and how you can learn to be better at each.

D) FAILURE

Anything worth learning, you’re going to suck. You’re going to suck badly.

The first day you play chess: you might love it, you might be talented, you might be confident, but you are a disaster compared to anyone with experience who has studied the game.

The same goes for business. For investing. For writing. For acting. For art. For creativity. For everything worth learning.

And failure is painful.

Nobody wants to lose money in poker. Or in investing. Nobody wants to spend months or years writing a book nobody reads.

But if you love something, and you want to get to your peak potential, your heart is going to break when you inevitably fail. And you will fail big and horrible and it will be like your brain and heart are torn in half.

But that’s the good news:

Because now you’re qualified to study the failure. You can go to a PLUS, and your EQUALS, and look at where you went wrong.

You can’t learn as much from succeeding because it’s harder to pinpoint where mistakes are (and it means you are not taking enough chances).

Ray Dalio, the largest hedge fund manager ever, told me on my podcast, “Pain + Reflection = Progress”.

Pain is a must.

With standup comedy, I always say “Yes” to a challenge. Do comedy on a subway car? Yes. Do comedy on a Monday night in a blizzard with the entire audience from Norway? Yes. Go on stage with a 102 fever and my voice completely shot? Yes.

Then videotape. Then go over quarter second by quarter second.

I was speaking to one of the best comedians in the world a few weeks ago. He told me he still videotapes and studies every single time he’s gone on stage.

Every year, every month, he’s better than the month before.

With business, it’s difficult because a business can take years. But try to have mini-failures.

Challenge yourself on deadlines, challenge yourself on customer acquisition, on customer service, on micro-execution of product, and on and on.

Figure out the ways that you can fail, do them, study them, repeat.

E) ENERGY

This should be the first item. Because it’s the most important.

Without energy, you can’t learn.

If you don’t sleep enough, you’ll be too tired and you won’t learn.

If you’re in a bad relationship, your brain will be distracted and you won’t learn.

If you don’t exercise your creativity, you won’t be able to combine ideas and learn from “idea sex”.

If you are too anxious, you will spend too much mental energy worrying about the future instead of learning in the present.

When I went broke for the fourth or fifth time I finally had to take a look back and say, “What was I doing right every time I made money?” and “What was I doing wrong”. It all boiled down to:

PHYSICAL HEALTH: Eat / Move / Sleep

EMOTIONAL HEALTH: Eliminate ALL of the toxic people in your life.

CREATIVE HEALTH: Write down ten ideas a day. The ideas can be about anything.

SPIRITUAL HEALTH: Learn how to deal with anxiety and regret. Release control over the things you have no control over.

Just these four things gave me so much energy, it probably took another 1000–2000 hours out of the 10,000 hours.

F) THE ONE PERCENT RULE:

Try to improve 1% a day at whatever it is you are trying to learn.

This seems like a small number. Just one percent!

But 1% a day, compounded, is 3800% per year.

That’s 37 times better than where you started in just one year.

I had a friend who I always played chess with. He played chess all day every day. But he never read a book on chess or studied with anyone.

He just played the same moves and made the same mistakes game after game. I asked him why he didn’t take the basic steps to improve?

All you have to do is take basic steps each day to improve as small as 1%.

He said, “Ahhh, I just like to play.” Which is fine.

But he never got better. Chess is much more enjoyable (everything is much more enjoyable) when you get better and when you learn and can appreciate the subtleties and the nuances.

Everything is an art form. The greatest artists have a vocabulary of 100,000s of patterns in their chosen field.

“Speaking” that vocabulary is pleasurable because you can enjoy the art form more, you can succeed more easily, you get acclamation for your success, you make friends with others who are also successful because you speak their language – but it requires every day learning new “words” in your art form.

Studying how Warren Buffet invests. Or how Bobby Fischer plays the King’s Indian. Or how Richard Pryor brought his authentic voice into his comedy. Or how Richard Branson can build and manage 400 businesses.

Or challenging yourself to fail a little bit each day to expand your comfort zone.

One percent a day = 3800 percent a year.

G) DO IT

You can’t get better at chess just by reading about it. You have to play. Then you have to play in high stress situations (like a tournament).

You can’t get to be the best at business just by reading about Richard Branson.

You have to start a business (or work for a startup or even work for a big business and notice their small successes and failures).

You can’t get to be great at comedy by watching videos. You have to go on stage. Every day.

Every day.


Summary:

  1. PLUS, MINUS, EQUAL
  2. MICRO-SKILLS
  3. FAILURE (Pain + Reflection = Progress)
  4. ENERGY (Physical, Emotional, Creative, Spiritual health every day)
  5. ONE PERCENT RULE
  6. DO IT (every day)
  7. USE THE ABOVE TO HACK THE 10,000 HOURS RULE (10,000 hours of deliberate practice gets you to your full potential).

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Wednesday, January 24, 2018

309 – Loretta Breuning: The Science of Happiness: How to Hack Your Brain & Become A Happier Person

Links and Resources

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Monday, January 22, 2018

50

So many people told me in the past few weeks, “Don’t worry. It’s just a number.”

Yes, it’s a number. It’s “50”. I turn 50 today.

Last year I wrote an article, “49” about what I learned at “48”.

Everything changed in my life at age 49.

I went from being a minimalist with no apartment and only 15 possessions to renting an apartment and buying furniture (although…a minimal amount).

I bought part of a standup comedy club (Standup NY) and started performing 3-6x a week at places all around the city, even around the country (thank you “Laugh Factory” in Chicago for letting me headline).

I sold a business and then stayed with it and watched it grow.

I made many new investments in ventures that will save lives. I sent a kid to COLLEGE (UGH!). Other things happened that I’m too shy to say.

I started a charity. I wrote a screenplay. I developed products I am proud of. I advise a TV show. I co-produced another show (stay tuned). I tripled my podcast. I made many new friends.

I care less about “likes”. I care less about who hates me. I care less about pleasing everyone. (well, sometimes I care too much but I am trying to get better. The other night I have to confess I cried about a bad tweet about me).

Every goal I set for myself at the beginning of 49…didn’t happen. Nothing happened. It’s all different than I expected.

So:


I AM WHERE THE PARTY’S AT

This one line became important in every area of my life.

One example: I became obsessed with standup comedy this year.

I’ve loved comedy for thirty years but I was always afraid to go on stage. I went on stage about two years ago for the first time.

But this year, thanks to Dani Zoldan and StandupNY, I started going on stage all around NYC and other places 3-6 times a week.

Did I get good? I hope so. A little bit. Enough. People laugh.

Did I get better? Yeah! After watching comedy live and on TV for 30 years I realized how many micro-skills and subtleties there were. I had no idea.

Likability, crowd work, crowd control, structuring a layered joke, telling a story that has punchlines, dealing with hecklers, dealing with silence, MC-ing, stage work, pacing, the psychology, dealing with my own insecurities.

Maybe the most important thing I’ve learned by going on stage 100s of times and watching many more comedians than ever is:

“I am where the party’s at.”

The audience is an X-ray machine. They can see when I am nervous or scared. They will pounce.

But if I KNOW that I am where the party is at, then I KNOW I am the one having fun. They are always invited to join me.

I make myself laugh. I surprise myself. I have fun. And you are always invited.

Does this work in other situations?

Yes. Try saying it the next time you are nervous.


LEARN EVERYTHING FROM EVERYONE

On advice from Tim Ferris, I upped my podcast from one time a week to three times a week.

So much more preparation! Ugh!

I feel so blessed to have learned from so many great life achievers. I’ve played chess all my life, for instance. I had on Garry Kasparov, the former world champion, and got to play him a game.

I had on Ray Dalio, the largest hedge fund manager in the world. Sara Blakely, one of the most creative entrepreneurs in the world. Richard Branson, a hero of mine for the past 20 years. Erika Ender, who just got nominated for a grammy for Despacito, which has something like 7 billion views on YouTube. And so many others I love and respect.

I wanted to learn from all of them. The one secret gem they were always hiding.

And, secretly, I want to be best friends with everyone on my podcast.

KAREEM! PLEASE BE FRIENDS WITH ME!


FINANCIAL SUCCESS IS DIRECTLY RELATED TO THE PEOPLE I WORK WITH

I’m involved in a lot of different businesses. For some reason, this year, almost all of my work life was strikingly successful.

Whether it was my business, or my investments, or things I am only peripherally connected to, I ONLY worked with people I really liked being around.

This was the single differentiator in my work this year as opposed to the last 30.

One toxic person requires about 100 non-toxic people to make up for them. So better to just be with good people and ZERO toxic people.


ROMANTIC SUCCESS IS DIRECTLY RELATED TO THE QUALITY OF MY FRIENDS

When you buy a Honda Civic, all of a sudden you see all of the other Honda Civics on the road.

There’s the famous “Invisible Gorilla” experiment:

A teacher showed his students a basketball game and asked them to count the points.

100% of the students got the points correct but didn’t see that a man dressed as a gorilla walked through the middle of the court.

We are stupid animals at heart. We only see what we try to see. We only hear what we try to hear.

LESSON: What you think, feel, do is what you see, hear, attract.

If you feel pain, insecurity, fear, you start to see, hear, attract all the things that will keep you fearful.

If you feel abundant, loving, and kind, you will notice the opportunities that are abundant, loving, and kind.

This isn’t the law of attraction. This is how love works.


META-CREATIVITY

I’ve been writing the same thing for eight years. “I went broke, I was suicidal, here’s how I got out of it.”

That’s fine. I like slicing that story 1000 different ways. I learn something new each time.

And I had big writing plans this year. And then I failed.

This is the first year since 2004 I didn’t publish a book.

Instead, I continued to write. But I also did standup comedy, I wrote screenplays, I’m an adviser on a popular TV show (more on that in a few months), I went back to writing more on finance.

I still checked the box: am I creative every day?

But I allowed myself to play with all the different ways to be creative. And I allowed myself to fail.

Badly.

Just watch the video of me trying to do a full talk show (monologue, guest, musical guest) on a subway car.

It’s a disaster. But it was fun.

Perfection is the enemy of learning. And I definitely had to learn a lot.


META-LEARNING

I didn’t want to take 10,000 hours to learn how to be a good standup comic. Or 10,000 hours to learn the new businesses I was involved in this year. I’m too old for that!

So I had to spend a lot of time “hacking” the 10,000 hour rule. Most important hack: spend a lot of time around other people who have “been there, done that”.

Compare that to NOT spending time with seasoned professionals.

Who will learn faster?

When you are with people who have learned the 100 micro-skills involved in learning anything difficult, you will be a sponge, soaking up as much knowledge as you can.

The side benefit of having a great podcast and being around great people.

Sidenote: A few weeks ago Google invited me to talk about using failure to hack the 10,000 hour rule of excellence. If you haven’t seen it yet, you can watch it here.


CHOOSING YOURSELF HAS NOTHING TO DO WITH ENTREPRENEURSHIP

Starting and running a company is HARD. Not everyone is cut out for that. I don’t know if I am.

But the best and most unique form of learning is to combine things from all of your different activities.

I can take things I learn from one business or activity, introduce it to another business, and the result is usually success. And I learn to get better and better at doing this “idea sex”.

One example: I bought into an ad agency that makes viral videos by using comedians. I met them through the comedy club I bought into. I introduced them to other investments I’ve made.

The agency made ads for my other investments. The ad agency grew. The businesses grew. The comedians in the ads were happier. Everyone is bigger.

How do you get better at combining? By truly choosing yourself: making sure no “gatekeepers” can control your message.

If you want to publish a book, don’t wait to be validated by an assistant editor at a mediocre publishing firm.

If you want to make a TV show, just shoot it.

If you want to start a business: bring value to an existing business and be a part of the profitable outcome.

If I feel like something is in the way of “choosing myself”, if I feel like I am wanting to be validated by someone, I try to figure out my way through it.

You need energy to do this.

So I had to always make sure I followed my own daily practice and took care of myself. Physically, emotionally, creatively, and spiritually.

These are the only things.

No amount of money can buy yourself back.


80/20

Not the usual 80/20 rule. A different one.

80% of the time do things you love and it’s ok if 20% of the time you don’t do things you love.

I don’t love selling.

You see these ads all over the Internet with me wearing Bitcoin glasses? I hate looking at myself in these ads.

But I do believe in several things: that cryptocurrencies are here to stay and they are a huge tectonic shift in the economy.

And I also believe that nobody knows what they are except for a few crypto-elitists in Silicon Valley.

So I wanted to educate people. And help people avoid the 1000s of scams out there. And help people make money. I turned down doing a “crypto hedge fund” and set up a research service.

That required people ( a LOT of valuable people) to help me if I wanted to reach the most amount of people.

It required selling. It required a lot of difficult work. I wrote a book, did about 20 videos, and work with excellent people to put out a quality product.

A vocal minority hates me. I’ve gotten death threats, anti-semitic slurs, horrible stuff. And most people have sent me very positive notes.

The key is to have…


CORE INTEGRITY

I like someone. If she says something that makes me feel uncomfortable I try to say immediately, “I don’t like that”.

I don’t always say that. And then I feel bad afterwards. She said what she felt but I didn’t get a chance to say what I felt.

This is not self-care.

A business relationship is no different.

The relationship between the speaker on the stage and the audience is no different.

That doesn’t mean everyone has to agree with me. If they don’t, that’s fine. But at least it’s out in the open and everyone can decide where to go from there.

We only have this life to say things from our core integrity. Build a core. Have integrity. And in the beginning was the Word.


This is what I learned at 49. I think I’m the happiest I’ve ever been.

A year from now I might be lying in the gutter in the rain at three in the morning with a needle in my arm.

If you see that, please give me a hand. Thanks in advance.

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Sunday, January 21, 2018

What Did I Learn Too Late In Life

I killed myself every day. Non-stop torture.

For decades my “self” was a deadly mixture of anxiety about money, pain about relationships, petty jealousy, fear, wanting people to like me.

I was thrown out of graduate school, failed at business, failed at jobs, lost a marriage, a house, then two.

Always jealous. Always crying. Always wishing I were someone else.

I constantly thought about money. Night and day. I would go to therapists not to reduce my anxiety but just to ask them for money.

I’d go to psychics and astrologers and ask them when I would make money.

They always said, “Next year you will make a lot of money”. Or, when China was “hot”, they’d say, “I see China in your future. A lot of money.”

None of it ever came true.

I exiled myself 70 miles away. I didn’t leave my house for three months. I felt dead.


One day I had a bad trading day. I was so upset. When will things change?

There was a little island near where I was. I walked into the water. I let the water go over my head and I just floated. I wanted to die.

I was so sick of being a prisoner to the enormous desire of money.

It was a monster. It never left my head. It was killing me. I wanted to sink.

The next day I said, “Why do I keep making it and then losing it?” Why do I keep falling in love and then…disaster?

— What is going right when I make it? What is going wrong when I lose it?

What is going right when I fall in love? What is going wrong when I lose that love?

What is going right when I am creative? What is going wrong when I lose that creativity?

There was a time in early 2008 I was writing for the http://street.com. I was so depressed I couldn’t get out of bed.

My business partner, Dan, was writing four articles a day under my name so nobody would realize I disappeared.

I had to change. Maybe desire = anxiety = negativity.

I became addicted to anti-anxiety drugs. Anti-psychotic drugs. Painkillers. Alcohol. Everything that could numb me enough to sleep.

I was so addicted to the worst drugs I’m still weaning off of them a quarter milligram at a time.

I’ve always been an addict. I always will be an addict.


I looked back at the best times in my life. When I felt confident. When I was making money. When I felt the courage to love others, when I felt the strength of having others love me.

— What was I doing right?

I looked back at when I was doing things wrong: businesses failing, no friends, aborted relationships, lying.

— What was I doing wrong?

I didn’t have a core integrity to speak from. I didn’t have a core manifesto. Now I do and I try to live it every day.

People always want complex solutions to simple problems. But minimalism, simplicity, less, is always the best.

So I’ll write what I’ve written before. Maybe add a tiny bit.

The entire universe came from a single infinitesimal dot.

A fresh start.


PHYSICAL HEALTH – Eat / Sleep / Move.

– 8 Hours of sleep
– Simply don’t eat processed foods (I try. I try.)
– Move. On a recent podcast, the author of “The Bad Food Bible” told me, “30 minutes of brisk walking a day is enough”.

EMOTIONAL HEALTH – ZERO toxic people

I have so many examples of this:

– a bad romantic relationship will destroy every opportunity and friendship in your life
– one single bad business relationship can destroy a billion revenue company
– one bad friend can cause months of anxiety and worry
Only 1000 “No”s can find you the right “Yes”.

——To you who are special to me: “YES!”

CREATIVE HEALTH:

I always say, “write ten ideas a day”. Not to have a good idea. But to exercise the idea machine. A machine that will change your life once developed.

Every day this idea machine fuels the rest of my life. It’s a miracle.

How can you be creative? I don’t know. Keep a notebook (I keep a waiter’s pad), write your ideas down for the day. Then write down everything interesting to you.

Practice: write ten novel ideas. Write ten inventions. Write ten things McDonalds can do to be better. Google. Your friend. Your spouse.

SPIRITUAL HEALTH:

I hate the word “spiritual”. It sort of feels gooey.

But the essence of spirituality is simply: “I can’t control the world.” And the world is an irrational place filled with irrational people. And yet happiness still exists.

What is happiness? I don’t know. But this is what I try:

– friendships and love

– improvement every day in the activities I love. Even tiny improvement.

– freedom. Making more choices for myself today than the day before.

If others are making choices for me, the results won’t be as good as my own choices for me.

Everyone else’s agenda is worse for you than your agenda.


1% Improvement a Day

Whatever I try to get good at, I try to improve 1% a day.

How?

  • mentors
  • virtual mentors
  • doing
  • reading
  • writing
  • studying failure (never blame, always study)
  • repeat
  • challenge myself. If I want to get better at something, find the worst conditions to practice in.

Mikhail Botvinik, former world chess champion, used to play practice matches with someone blowing smoke in his face.

Did he get better? Yes.

Did he die of cancer? Probably. But he got 1% better a day.


LESS

Two years ago I threw away everything I owned. I lived for two years in Airbnbs.

Now I am starting to slowly build up.

In those two years I was more successful than I ever was. I discovered new and great friends. I met someone special.

When you get rid of the clutter of life, of the mind, of emotions, then true love takes its place.

Loving yourself is Abundance.

From nothing, comes everything.


What did I learn too late in life?

Nothing.

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Ep. 308: Erika Ender – Everybody Has Talent

I’m so happy to present this episode to you.

I originally interviewed Erika Ender in October of 2017.

I wanted to re-release this episode to celebrate her recent Grammy nomination for “best song of the year” for Despacito, which she wrote with Luis Fonsi.

The song has 7billion+ views on YouTube.

I asked how she did it.

I wanted to learn about the process of rising to the peak of the music industry.

There are so many great takeaways from our conversation. But one of my favorites is “have an abundance to mentality.”

She said,

“People are always asking me, ‘Do you feel pressure? What are you going to do next?’ And I say, “You know what, this is such a gift. I’m just focussing on whatever is good and being grateful and doing the best that I can in everything that I do.’ I’m not putting any pressure on myself because I think doing that is seeing life from the ego eyes. I’m not thinking I’m going to top this. I’m just going to do quality work,” she said. “I’m trying to evolve.”

This interview will teach you about collaboration, discovering inspriation and your own inner-talent,  forgetting about the outcoming, believing in your gift and so much more.

I hope you enjoy.

I give you Erika Ender… singer, songwriter, philanthropist, Latin Grammy Winner, Hall of Fame Inductee and now Grammy nominee for “best song of the year.”

Links and Resources

Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts:

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Saturday, January 20, 2018

Ep. 307 – Kareem Abdul Jabbar- Becoming Kareem: Growing Up On and Off the Court

Kareem is definitely one of the greatest basketball players of all time.  I’m sure this is obvious to you.  (But I always have to start my introductions with the obvious, unfortunately.)

This podcast isn’t about basketball. Or sports. This one is about the search for your own identity.

(More on that in a second. I’ll tell you my favorite lesson from Kareem). But first, more of the obvious.

Kareem played 20 seasons of professional basketball. He stopped in 1989. But he STILL, to this day, holds the record for the most points scored in any one, single basketball player’s career.

38,387 – the unbeatable, magic number.

He’s also NBA’s all-time leading scorer.  And a six-time NBA champion.

50 years of athleticism. THAT’S peak performance.

Then he combined his career with activism, philanthropy (President Obama awarded him with “The Presidential Medal of Freedom,” the nation’s highest civilian honor.). Kareem’s also collaborated with HBO documentaries to create the highest rated sports documentary in history.  

Then he started writing. He wrote about coming to grips with his identity as a basketball player. He came face to face with his racial identity, religious identity and spiritual identity. And he continues his quest for these things over and over. (I do, too. I think that’s why I do this podcast.)

I wanted him to tell me about his search for his identity. Here’s what he told me…

“Knowledge is power. Find out about what your future could be. And figure out what you want to do to get to that future. Don’t let it be imposed upon you.”

That’s where the “power of no” comes in. Say no more so you can say “yes” to what you want to say “yes” to.

“Seek out all the knowledge that you can. Figure out what motivates you, he said. “And then pursue those things.”

So I asked him, “How can someone start improving their knowledge?”

And I learned this:

“Well you have to understand that fundamental preparation is essential to success. Not matter what it is that you’re doing you have to be fundamentally sound,” Kareem said.

If you listen to this podcast and read Kareem’s writings I bet you’ll see how to start searching for yourself. His book’s called “Becoming Kareem.” Your life has your title… “Becoming ________” For me, it’s “Becoming James.” I can publish a hundred times and still have days unwritten. That’s why  reinventing is forever.

Kareem puts so much thought into his writing. I can really see his identity coming through.

If you’re looking for something inside yourself I bet you’ll start to find it here.

Links and Resources

 

Also Mentioned

Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts:

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Thursday, January 18, 2018

Ep. 306 – PJ O’Rourke: The Celebrity President

Everyone’s favorite topic… Trump. I interviewed PJ O’Rourke back in May. But today (the day this show releases) is pretty much the one year anniversary of President Trump’s inauguration. And so I explore alternate realities with PJ, a 2x New York Times bestselling author, journalist, Irish Catholic hippie and a world of other contradictions.

  • QUESTION:  “What would the country be like if all the First Ladies ran the country?”
  • ANSWER: “We’re out of slavery in 1800 because Sally Hemings would’ve abolished it.”

 

(That’s a chapter in his book. PJ tells you how the world would be different. He gives you scenarios to dream up a new world.)

He also asks you to vote differently… Hypothetically, who would you vote for if you picked the president based on who you’d go on a road trip with.

Our conversation makes you think. And laugh. And wonder. Which are the three keys to a free mind.

So I give you, PJ O’Rourke, author of “How The Hell Did This Happen: The Election of 2016”

Links and Resources

Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts:

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Wednesday, January 17, 2018

The Tim Ferriss Animation. PLUS…Why I Can’t Stop Learning From Tim Everyday??

Tim wrote to me, I wrote back, then he never wrote back.

Finally we met and he said, “I owe you an email”.

No problem. Always no problem.

We became friends after that. I’ve been on his show, he’s been on mine, we email, talk, have a billion mutual friends, etc.

Every day I learn from Tim. Not only by asking him questions directly when I need to. But also, I constantly re-read “Tools of the Titans”, one of my favorite books.

Read it. Read it again. Keep it near your bathroom or your night stand.

Tim views every aspect of his life as an experiment.

He is the reason I think the “10,000 hour rule” (10,000 hours of deliberate practice is the only way to achieve your peak potential) is a very breakable rule.

Tim breaks the rules. In fact, if I can learn only ONE thing from Tim is that EVERY RULE IN SOCIETY CAN BE BROKEN.

The person who breaks all the rules is the person who escapes the prison the rules cage us in.

His main philosophy seems to be:

– STUDY the scientific research and history but with heavy skepticism and open minded-ness.

Don’t ask, “what truths do I learn from science”. Ask, “What questions is science studying. What questions haven’t they asked yet and how can I ask them?”

– SAMPLE SIZE OF ONE.

The only valid sample size for an experiment on YOURSELF is a sample size of ONE…the results on you. If something works for you, then…it works.

If you fast for a week and feel great and do all the proper tests for health and you are doing well on each test then…it’s working.

Don’t believe anything else. Believe your body.

– EXPERIMENT.

Everything is open for experimentation:

physical health, mental health (using any extreme method), media (I’ve seen from the early beginnings Tim’s experiments from blogging to books to podcasts to TV to other media), entrepreneurship (Tim’s been an entrepreneur, a VC, an angel investor, an adviser, etc and this has been the main way he has created financial freedom for himself).

To experiment you not only have to DO but you also have to DO NOT when the results are in.

– QUADRUPLE DOWN:

If something works, quadruple down. Tim advised me over a year ago to triple down on my podcast. I did and he was right.

My skills are better. My listeners are up. My podcasts are better. And guests no longer say no.

– PLAY

If something doesn’t work, look at new ways of doing it.

Tim didn’t enjoy the experience of his first TV show, so he figured out how to make the TV show format work for him (easier to produce, easier to monetize through other formats).

He doesn’t give up. He figures out how to further eliminate the obstacles that prevented him from being happy.

Study the differences between his first TV show and his second and you’ll see what I mean.

– MENTORS.

Interview all of the experts.

Before he started his podcast, Tim called me (and I assume many others) and drilled me for an hour on every aspect of doing a podcast. Now he has one of the top podcasts on the planet.

Mentorship is very much a key to Tim’s success.

– HACK THE 10,000 HOURS.

Tim’s philosophy seems to be: 10,000 hours is a rule that is made to be broken.

He figures out where his strengths are, hits the accelerator on them, and uses those strengths to cut out 8,000+ of those 10,000 hours.

Next podcast I do with Tim, I want to do it JUST on the 10,000 hour rule since I think he is now the biggest expert in the world on it.

– CONSUME / LEARN

Every Friday, Tim puts out his 5 pieces of media that he is intrigued by that week.

He consumes all forms of media and tries to learn from everything.

I’m debating doing a similar kind of article but afraid of being seen as copying him. Tim has no such fear!

Tim is so analytical about every piece of information that he is able to grab valuable knowledge out of all media he touches.

– EVOLVE

I don’t want to say, “Every time I see him, he’s a different person”, which is the first thing I started to say (having known him for about six years).

But every time I see Tim, he is changed.

He studies himself and makes adjustments. The way he eats, works out, reads, speaks, relates to people, listens to people, even his use of vocabulary, always seems to change every time we interact.

– AUTHENTICITY

Over the past six years or so, I’ve seen Tim go from an “expert” to someone deeply committed to being authentic about his flaws, studying them, trying to correct them, in real time in front of an audience.

My guess is, he was at first afraid to admit weakness.

But since then, I’ve seen him admit great weakness, and how he learned to adjust and evolve with those weaknesses.

This is far more valuable than any guidance from experts. Tim realized this from a media perspective but then I think from a personal one as well.

That when you come to grips with your internal honesty and admit to your flaws publicly, that this gives you the tools and strength and ideas to deal with those flaws.

– PODCAST

People sometimes ask me: what’s the difference between Tim’s podcast and yours.

I’m going to be honest on all of my answers here:

– We’re both interested in peak performance. And our guests overlap. But I think he’s slightly more focused on peak PHYSICAL performance than I am.

His interests are more varied in that area and mine might be more varied in other areas (comedy, writing, games, outlier areas).

– Weeds. Tim will get into the technical weeds more with his guests.

I tend to focus slightly more on the intersection between what I am curious about and what the commuter listening might be curious about.

– Format.

Tim started off as an interview show on his podcast. but now he plays much more with format.

Shows that are splices from prior shows (e.g. shows about a concept instead of a person). Shows that are just Tim talking about things he’s exploring, etc. I need to do more of that also.

– Interview.

I think both Tim and I have gotten a lot better at interviewing.

Tim is so intellectual in his interviews it singlehandedly raises the vocabulary of the entire podcast space. But, that said, Tim is able to pull deep personal truths out of his many guests.

I don’t know if Tim does this but I try to think of all the audiences of my podcast:

a. The guest. I want them to think, “This guy prepared more than anyone ever prepared for me”. Plus, I kind of want each guest to become my new best friend. Kareem!

b. The people in the waiting room. Every one of my podcasts has an audience. Audio people, publicists, friends, producers, guests, etc. I want them to think, “whoah! I’ve never seen anything like this before.”

c. Listeners. I want people to think, “I can’t turn away from this. My life is getting better because of this podcast.”

d. Companies. Usually the guest is promoting something. I want the companies behind those products (a book, a show, etc) to see that my podcast is a great place for them to promote. I don’t ask on a guest unless I love what they are doing.

I’ve actively rejected guests (and lost friends over it) when I didn’t like their book or product and had to cancel the podcast as a result.

e. Me. If I don’t feel good about a podcast afterwards, I am very hard on myself. I go over and over it until I figure out what went wrong. Maybe I’m too hard on myself. I wonder if Tim Ferriss is as well.

– Guests. I think Tim draws good celebrity guests (although I’ve been catching up a little on this) but he also invites a lot of guests that he’s simply curious about. He has a bit more confidence in his audience than I do. I want to be better at that.

Tim’s an acquaintance. We don’t go out drinking. I don’t call him when I have a relationship issue (unlike at least 50% of my other guests who are probably sick of my calls. Coolio! AJ Jacobs!).

But I learn this:

EXPERIMENT
DOUBLE-DOWN on what works
LEARN from everything
GIVE advice freely
PLAY with every format
ANALYZE the value (and pain) of everything you do to know what to double-down on and what to eliminate
RULES are made to be studied and then broken

The above are the keys to freedom.

He’s not “The Four Hour Work Week” guy. He’s an explorer of his own life. He makes discoveries every day.

I want to do that also. Please, let me have the strength to do it.


[Watch this animation. Tell me if you want more like this.]

Have you listened to my recent podcast with Tim?

More Podcasts with Tim Ferriss on the James Altucher Show:


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Tuesday, January 16, 2018

Ep. 305 – Bill Beteet: The Pursuit… Sacrificing Everything You Know for What You Really Love

It’s weird. Normally, the people I interview on this podcast are at the end of their career. Bill is just starting. He spent years in law school. And then made up his mind (after a day of fasting) that he’s going to be a comedian.

“I came to the decision that I wanted to be a stand-up comic during Yom Kippur, I’m not Jewish, but a friend of mine told me, ‘You just fast for a day. Don’t eat food. Don’t drink water and think if today was the last day of my life, what would I have done differently?’”

He was in school to become a Marine lawyer. It was a career path that everyone approved of. Society approves. His parents approve.

It’s almost like you have to break out of the matrix to get the courage to say, “Okay, I just spent 12 years in grade school, 4 years in college, 3 years in law school all for this one goal: to become a lawyer. And now I’m going to throw it all away”

I wanted to know why… because I could see this was the making of a “choose yourself” story.

“I calculated it out,” he said. “I figured I can out-work a lot of these guys.”

And the work turned into love.

“I cultivated this really huge love for stand-up,” he said. “It imbued my life with meaning, the more I sacrificed for it and the harder I pursued it.”

But there was also shame. He had to disappoint his circle (his teachers, his fellow classmates, his family and everyone who believed in him.)

“In law school, whenever a teacher would ask me what kind of law I wanted to practice, I would say, bold-faced in the class, ‘I’m gonna be a comedian.’ I felt people pull back. And I felt ashamed. Like what am I really doing? What if this doesn’t work out?”

“So why’d you decide not to be a lawyer and go for stand up comedy?” I said.

“At the end… what I’m really pursuing is to be my own fan.”

And then it made sense. Approval from others doesn’t guarantee success or happiness. It guarantees nothing. Sometimes it guarantees that you’ll be miserable.

Bill told me about the time he stopped seeking his mom’s faith in him. And how he replaced it with his own.

This podcast is filled with lessons on commitment and confidence, but more than that it’s taught me the true value of the pursuit…

Bill quit his career to become a comedian.

He broke through the matrix. And he’s free.

 

Links and Resources:

Also Mentioned:

Thanks so much for listening! If you like this episode, please subscribe to “The James Altucher Show” and rate and review wherever you get your podcasts:

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