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Episode

922 In Order to Be Successful You Must Do This: James Altucher
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1:08:04
Published: Mon Mar 02 2020
Description

Want to be successful? You gotta fail first. If you want to accomplish anything great in life, it's most likely not going to be an easy path to get there.Sometimes, things fall into place for us. But more often than not, things fall out of place, and we find ourselves sitting in failure. Sometimes it's our fault, sometimes it's not, but whatever the case, failures are hard to handle.I myself understand failure. I used to live on my sister's coach. My injury immobilized me, and for months, I wallowed in self-pity. Finally, I realized that my failures and hardships didn't hinder me from greatness. My sister kicked me out, and I learned to fight for myself again.My guest today knows all about failure and how it can set you up for success.In addition to having incredible hair, James Altucher is an American hedge fund manager, entrepreneur, author, venture capitalist, and podcaster. He has published 20 books, and he is a contributor to publications including The Financial Times and The Huffington Post. He is also the host of The James Altucher Show in which he interviews innovators, creators, and just all around amazing people. James has founded or cofounded more than 20 companies, 17 of which have failed, but he hasn't let this slow him down.Failure is a big part of James' story. In fact, I believe that anyone who is remotely successful has probably experienced an extraordinary amount of failure in their life. Why? Because overcoming failure is a step towards success.At one point, James lost almost all his money. He was completely broke. He had less than two hundred dollars in his bank account. But somehow, he was able to build his business back up, and change that two hundred dollars into fifteen million.Want to learn his secret? Then tune into Episode 922 and get ready to be blown away by entrepreneur, author, and hair inspiration, James Altucher.When was the last time you cried? (6:01)What are you proud of yourself for and what do you regret as a father? (10:08)What is the one thing that has changed your life the most drastically? (13:06)What do you attach your self-worth to now? (30:17)Why do people either love or hate money? (34:06)What is the pathway to becoming financially free without letting money control you? (42:30)What’s the best investment you’ve made over the last 5 years? (46:10)Is there anything you are afraid of people knowing about you? (54:48)What James remembers experiences the attack on 9/11 in the streets of New York City (13:06)What to do when you make a lot of money (24:37)How to manage major fears that stick with you (26:18)How to healthily think about your money (31:15)The best place for a Millennial to invest their money right now (50:00)Plus much more...If you enjoyed this episode, show notes and more at http://www.lewishowes.com/922 and follow at instagram.com/lewishowes

Chapters
A captivating story of perseverance, this podcast episode features a guest who shares his experience overcoming football injuries, financial struggles, and losing everything to build his businesses back up.
00:00 - 04:44 (04:44)
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Overcoming adversity
Summary

A captivating story of perseverance, this podcast episode features a guest who shares his experience overcoming football injuries, financial struggles, and losing everything to build his businesses back up. His story is sure to inspire anyone facing their own setbacks.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The host reflects on the value of having conversations that not only benefit the guests but also the listeners, and the duty that comes with asking people to spend their time listening to a podcast.
04:44 - 09:29 (04:44)
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Podcasting
Summary

The host reflects on the value of having conversations that not only benefit the guests but also the listeners, and the duty that comes with asking people to spend their time listening to a podcast.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The speaker believes that the world will be better in the future and ponders on whether being present more consistently could help their children in difficult times.
09:29 - 11:48 (02:19)
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Parenting
Summary

The speaker believes that the world will be better in the future and ponders on whether being present more consistently could help their children in difficult times.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The possibility of being drafted was one fear that surfaced in children's mind; with this, the importance of calmness that can be brought about by seeking information on current situations can not be overemphasized.
11:48 - 14:36 (02:48)
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Military Draft
Summary

The possibility of being drafted was one fear that surfaced in children's mind; with this, the importance of calmness that can be brought about by seeking information on current situations can not be overemphasized.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The guest speaker ponders on life-changing moments that set the course for a successful career and encourages a young listener to pursue acting as an online course or in auditions in New York City.
14:36 - 17:12 (02:35)
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Career Success
Summary

The guest speaker ponders on life-changing moments that set the course for a successful career and encourages a young listener to pursue acting as an online course or in auditions in New York City.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The guest shares his experience of being a day trader including his daily routine with his business partner, and recounts a time when they helped during an emergency after seeing an unusual aircraft fly very low.
17:12 - 19:28 (02:15)
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Day Trading
Summary

The guest shares his experience of being a day trader including his daily routine with his business partner, and recounts a time when they helped during an emergency after seeing an unusual aircraft fly very low.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
Two individuals recount their experience of witnessing the 9/11 attack from the rooftop of their building, questioning whether it occurred within five minutes or hours of impact and expressing their initial thoughts of being under invasion.
19:28 - 22:26 (02:58)
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9/11
Summary

Two individuals recount their experience of witnessing the 9/11 attack from the rooftop of their building, questioning whether it occurred within five minutes or hours of impact and expressing their initial thoughts of being under invasion.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The speaker shares their experience of investing a large amount in the stock market, resulting in significant losses, and then borrowing more money to invest again.
22:26 - 25:48 (03:22)
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Stock Market
Summary

The speaker shares their experience of investing a large amount in the stock market, resulting in significant losses, and then borrowing more money to invest again.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The speaker shares their personal experience of being deeply affected by their financial struggles and emphasizes the importance of taking time to adjust to sudden financial changes.
25:48 - 30:42 (04:54)
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Money Management
Summary

The speaker shares their personal experience of being deeply affected by their financial struggles and emphasizes the importance of taking time to adjust to sudden financial changes.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
James Altucher shares lessons learned from losing everything multiple times and how focusing on execution ideas rather than solely on monetary success led to a more fulfilled life.
30:42 - 37:05 (06:23)
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Personal Growth
Summary

James Altucher shares lessons learned from losing everything multiple times and how focusing on execution ideas rather than solely on monetary success led to a more fulfilled life.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The speaker discusses two groups of people obsessed with making money, who mistakenly think that money is the only way to get freedom.
37:05 - 41:16 (04:11)
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Money, Relationships, Wealth Creation
Summary

The speaker discusses two groups of people obsessed with making money, who mistakenly think that money is the only way to get freedom. In reality, relationships are equally important and essential for wealth creation and growth.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The speaker discusses the challenge of balancing work and financial freedom, giving examples of working late for Harvey Weinstein and discussing nuanced skills like valuation, raising money, and selling a company.
41:16 - 46:45 (05:28)
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Finance
Summary

The speaker discusses the challenge of balancing work and financial freedom, giving examples of working late for Harvey Weinstein and discussing nuanced skills like valuation, raising money, and selling a company. She then ponders how to become financially free without being a prisoner to money.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
Robert Kiyosaki shares his thoughts on investing in private companies with trusted CEOs and the importance of vulnerability in writing.
46:45 - 50:43 (03:57)
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Investing, Writing
Summary

Robert Kiyosaki shares his thoughts on investing in private companies with trusted CEOs and the importance of vulnerability in writing.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The use of lethal weapons by police on minorities and mentally ill individuals has resulted in numerous deaths and controversies, with some departments now looking to non-lethal alternatives.
50:43 - 53:26 (02:43)
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Police Brutality
Summary

The use of lethal weapons by police on minorities and mentally ill individuals has resulted in numerous deaths and controversies, with some departments now looking to non-lethal alternatives.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
Learning skills in your 20s is valuable because it provides you with a tool belt that you can use at any moment in your life.
53:26 - 59:32 (06:06)
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Learning skills
Summary

Learning skills in your 20s is valuable because it provides you with a tool belt that you can use at any moment in your life. Additionally, individuals should confront their fears and be true to themselves despite the risk of being disliked.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The speaker discusses struggling with anxiety and how they began taking the prescription medication Clonopin to deal with it.
59:32 - 1:02:23 (02:51)
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Mental Health
Summary

The speaker discusses struggling with anxiety and how they began taking the prescription medication Clonopin to deal with it.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
The host shares personal advice for staying physically and emotionally healthy, avoiding toxic relationships, and being creative every day.
1:02:23 - 1:05:10 (02:47)
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Personal Growth
Summary

The host shares personal advice for staying physically and emotionally healthy, avoiding toxic relationships, and being creative every day.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness
In this episode, the importance of failure and learning through actions, mistakes, and experiences is highlighted.
1:05:10 - 1:07:52 (02:42)
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Failure, Learning, Mistakes
Summary

In this episode, the importance of failure and learning through actions, mistakes, and experiences is highlighted. The listeners are also encouraged to share the episode with friends who might benefit from the insights shared.

Episode
922 In Order to Be Successful You Must Do This: James Altucher
Podcast
The School of Greatness