Monday, February 5, 2018

314: Anniversary Episode: Sara Blakely – How to Get a Billion Dollar Idea

I wrote this article exactly 1 year ago. And sometimes I re-read it… to remind myself of everything Sara Blakely taught me.

She’s a self-made billionaire. She’s the founder and creator of Spanx.

All of her advice (learned directly from DOING) is still impacting me today. Some people are inspirations for life. Sara is one of those people.

Sara Blakely is weird. I wish I could think like she does. I want to be weird like her.

“I look at any object and try to think of any use it has other than what people had planned for it.”

And then she acts on it. She sees a pair of pantyhose, cuts off the feet (why not?) and creates a multi-billion dollar company, Spanx.

She sees her 9 month pregnant belly and paints a basketball on it. And then inspires hundreds of other women to do the same. Creates a book out of it: The Belly Art Project, and donates the proceeds to charity.

“All my life I was taught how to deal with failure,” she told me. “My dad would ask us at the dinner table every night: how did you fail today?”

HOW DID YOU FAIL TODAY?


She got comfortable with failure at an age when every other kid wants to get an A+ at everything.

She got comfortable embarrassing herself. For two years she tried to be a standup comedian. “I wasn’t very good at it.”

Practice embarrassing yourself…

Ready. Fire. Aim.

She got a huge order from Nieman Marcus even though she didn’t have the inventory or the production ready.

She said, “YES!”. Then she figured out how to get the order filled.

Oprah listed Spanx as one of her “favorite things” of 2000. Oprah wanted to film her office. Sara had no office.

She said, “YES!”. Then she got an office and filled it up with people.

Say YES! Then make things happen. Don’t argue yourself into failure.

Excuses are easy. Saying “yes” and then executing is hard.

Get your thinking time.

“It takes me five minutes to drive to work,” she told me. “But I take 45 minutes. I use that time to think.”

It’s important to think. To be creative every day.

This is how she comes up with non-stop ideas to expand her brand, expand her products, and work on other projects.

I suspect this is the secret for how she always sees things differently. Being creative is a practice. It’s not lightening from above.

It’s taking the long route when you could’ve taken the short route.

Purpose = Infectious salesmanship.

While I was talking to Sara she used the word “empower” several times.

Spanx clothes gives women more confidence. Empowers women. The Belly Art Project empowers pregnant women.

It seems like there are three parts to a project that leads to master salesmanship.

– the higher purpose for it. This gets people excited.
– the actual product and its benefits.
– execution

Combine all three and people will get infected with your passion for your ideas. Sara was unstoppable.

Don’t volley.

Don’t engage with the people who want to argue with you. That’s time wasted when you can be creative.

Don’t invite ego in the door.

Once you’ve worked on your project, have passion for it, started it, be willing to take suggestions and listen to people.

Ego can kill a project and close the door on good opportunities.

Be aware of you mortality.

Sara was selling fax machines for five years before fully launching Spanx.

She could still be selling them if she never started.

If she listened to all the people who tried to dissuade her.

If she became afraid of the multi-billion dollar companies that could have easily squashed her. Except they didn’t. She was one person and they were billions. But they lost.

We are here only this precious small amount of time. Make every moment a work of art. Make every moment move you one step forward towards your dream and purpose.

Invent a new undergarment even if you had never made clothes in your life.

Get 100s of women to paint their pregnant bellies and then raise money for charity with the idea.

“EVERYTHING IS A CANVAS,” she told me.

Which makes everyone a potential artist. What a great way to look at life.

But I can’t!

Why not?

For anything you want to do, for anything that excites you, take the time to figure out the next step. Ready. Fire. Aim.

Just why not? Why not?

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:

Follow me on Social Media:

The post 314: Anniversary Episode: Sara Blakely – How to Get a Billion Dollar Idea appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/2nIAcv1 via website design phoenix

Friday, February 2, 2018

314 – Kevin Allocca:

Links and Resources

Also Mentioned

The post 314 – Kevin Allocca: appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/2DV2ngs via website design phoenix

313 – Dr. Oz:

Dr. Oz. He sounds like a superhero, right?

In some ways, I feel like he is actually a superhero.

I love his philosophy of connecting the patient directly with the resources to help themselves.

He’s removing the gatekeeper.

And he’s bringing us back to our roots.

I think over the past hundred years there’s been a separation between food being something we eat as opposed to food as fuel.

Food as medicine and as the way our body lives, thinks, grows and fights for our health.

I just turned 50. And I feel like I’m in the best health of my life.

And this is because I changed my nutrition and the foods I eat.

I felt lucky because when I was reading Dr. Oz’s newest book, “Food Can Fix It: The Superfood Switch to Fight Fat, Defy Aging and Eat Your Way Healthy”, I kept seeing all the same practices I do in my own life.

Some things I don’t do. But I do most of it.

I switched my diet to a lot of the things he recommends.

So I was so excited to have him on the podcast.  

This information is so valuable. And I think society has forgotten these simple steps and routines to give your body the nutrition and fuel it needs.

“Over the last decade there’s been a gargantuan advance in the ability of science to tell you why your mom was right. To underline and emphasize why certain foods make a big difference to pain, depression, mental cognition, your heart, cancer risk and all these other things including your weight that historically we thought were true, but didn’t know why,” Dr. Oz said.

Science is proving food is medicine.

Dr. Oz and I discuss better brain function, energy, sugar and daily routines.

And once you start to adopt these practices, you’ll definitely notice a difference.

But like I always say to change a habit, you need to give it 21 days.

“You begin to appreciate the majesty of the body, how spectacularly it functions when it’s given the right kinds of nutrients then you begin to appreciate the power of food to fix it.”

So let’s start fixing.

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:

Follow me on Social Media:

The post 313 – Dr. Oz: appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/2EyCkfV via website design phoenix

Thursday, February 1, 2018

312 – Jordan B. Peterson: 12 Rules for Life: A Solution to Suffering

“You have the ideal life,” I said. “You think about things. And people pay attention. And you get paid for it.” I was talking to Jordan B. Peterson. His YouTube channel has tens of millions of views. He’s a clinical psychologist, professor and author of “12 Rules for Life: An Antidote to Chaos,” and now a guest on this podcast.

People stop him on the street. They say “Thank you.” They say, “You’ve changed my life.”

“What did you say that helped their life?” I asked.

But I already knew the answer…

Because it’s true for me too.

He told them what they were ready to hear. That’s it. And they acted. Sometimes people thank me. And I tell them “You did it.” Then we take a picture and I feel happy.

I asked Jordan about his “12 rules for life.”

“I tried to lay out the phenomenal logical landscape of humanity in this book,” Jordan said.

I interrupted.

“What’s phenomenal logical?”

“It’s life as experienced. Ya know, you think, ‘What’s reality?’ Well, there’s material reality, but that isn’t the reality you live. You live a reality that’s full of emotions and motivations and personal experiences. That’s your reality.”

I stayed silent. I was collecting.

“But what’s the structure of that reality? What’s the fundamental structure of the human-lived reality?” he said. “Part of it is suffering because we’re finite and limited. But it’s suffering that’s tainted with malevolence because some of that suffering is unnecessary. You cause it, society causes it. It doesn’t have to happen. That’s the world we live in. It’s hard and it’s cruel.”

Then he said this “You’re stuck with that. That’s the bottom line. So how are you going to deal with it?”

I think that’s the basis of how we live. The answer to that question “how are you going to deal with it?” With losing money, hating your job, getting fired. That’s the act. The response is life.

He gave me a lot of steps (for dealing with cruelty and suffering). I’ll give you some in a minute. But you should also listen to him on the podcast because he gives so much more in that one hour than I could ever collect on this page.

STEP 1 – Get in touch with your dissatisfaction.

STEP 2 – Take stock of your life (what can you do differently? What are the small steps? Don’t actually take them (yet). Just start by learning what you don’t like and what you do like in your life right now). Do that for a week.

Those steps continue. But he also said this:

“You have to choose your pathway of suffering. That’s one way of thinking about it. You can choose the suffering that’s associated with deceit, arrogance, resentment, bitterness or you can choose the suffering that’s associated with truth. The suffering that’s associated with truth transcends. It starts to make things better. Deceit makes life worse. And truth makes it better. ”

I needed examples. Dozens of them.

I just kept throwing life problems at Jordan to see what he’d say. He told me how he solves conflicts with his wife. And how he managed his depression. He told me his thoughts on “the grind of life.”

Because it’s everyday. And it’s hard.

But there are things we can do to make ourselves more okay with our chaos and the chatter between our ears. We can follow rules (like Jordan’s) or make our own.

I’m doing both.

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:

Follow me on Social Media:

The post 312 – Jordan B. Peterson: 12 Rules for Life: A Solution to Suffering appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/2rZ5kuS via website design phoenix

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.

The post My ‘CHOOSE YOURSELF’ State Of The Union appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/2EjSaLk via website design phoenix

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

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:

Follow me on Social Media:

The post 311 – Todd Barry appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/2BBiPAm via website design phoenix

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

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:

Follow me on Social Media:

 

The post 310 – Tim Larkin: Surviving the Unthinkable appeared first on Altucher Confidential.



from Altucher Confidential http://ift.tt/2nm6hZr via website design phoenix