About Life, Idea Muscle & Failure Porn

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The Interview

I wanted to interview James Altucher since many months already,
but the self-doubt, insecurities and other nonsense was keeping
me away from connecting with him. Finally, one day I got the
courage and wrote him a Facebook message. And I'm glad I did.


 


The reason I wanted to have James on my show was not that he is a
 famous. If you have followed my podcast you know that I
don't choose people who are famous, but people who are
interesting to talk to and who are able to provide value to you -
my listeners.


I knew that my interview with James would be packed with wisdom
and that you'd enjoy it too. For the very few of you, who
don't know who James Altucher is - I have included his short bio
below for you. James Altucher is a successful entrepreneur,
investor, board member, and the writer of 11 books including the
recent WSJ Bestseller, "Choose Yourself!". He has started and
sold several companies for eight figure exits. He's on the board
of a billion revenue company, has written for The Financial
Times, The New York Observer, and over a dozen popular websites
for the past 15 years. He's run several hedge funds, venture
capital funds, and is a successful angel investor in technology,
energy, and biotech. He has also lost all his money, made it
back, lost it, made it back several times and openly discusses
how he did it in his columns and books. Although I encourage you
to listen to the interview, because there is no other way to feel
the energy and the flavor of our conversation, I have included
the important points James mentioned during our talk below for
you.
About money and time

If I lost $20 I could always make $20 back. But if I lose 20
minutes of my life I will never ever be able to rewind the clock.
I will never ever be able to make those 20 minutes back.


 
About the idea muscle

Every day I try to exercise my idea muscle so I write 10 ideas a
day.


 
About  job

Job is a very small subset of ways to make a living. Make a
living - make a life. Life is much bigger than just the job.


 
About failure

There is no such thing as absolute failure. There is too much
"failure porn" on the Internet. Much better is to set yourself up
in such a way that failure becomes strengthening to you.


 


Don't call a failure - failure. Call it an experiment!


 
About life

Life is like experiment where we add and subtract and merge ideas
and come up with new ideas.


 
About Abundance

Persistence + Love = Abundance


 
About success

The best predictor of successful tomorrow is a successful today.


 
About publishers

Publisher's don't care about you. They care how much your book is
gonna sell.


Traditional publisher blocks you from your audience and from
communicating to your audience.


 
About being nervous

I am still nervous every time I hit publish.


 
About being a good writer

If you write a good book in popular genre you'll be successful.
But I think the key is really to focus on being a good writer.
Improving your skills at writing. Because then the genre will
find you.


 


Ultimately the goal of whether you're a good writer or not is if
people enjoy...