Episode
#76 with James Altucher - Making and Losing Millions Over and Over Again
1:02:44
Published: Wed May 20 2020
Description
Today's episode is possible because of Superside! Head to www.superside.com/mfm to hire a dedicated team of designers for your project! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Today, Sam (@thesamparr) and Shaan (@shaanvp) chat with James Altucher (@jaltucher). James is an entrepreneur, hedge fund manager, podcaster, writer and stand-up comedian. He has founded and sold companies for millions and lost his fortune over and over. He's always found a way back and today he shares all the lessons hes learned along the way. Today's topics include: (1:50) James talks about his background (6:05) James explains the companies he started and how he made his money. (19:10) James became a much better investor when he started investing alongside much smarter investors. (21:30) The challenges of selling a company. (29:14) James explain why he kept losing his fortunes and what he did to start managing his money better. (32:48) How James’ happiness fluctuated as his fortunes rose and fell. (38:35) James discusses what he does today — writing, podcasting, investing and stand-up comedy. (40:00) James discusses his investment and risk management strategy. (45:30) James tries to come up with 10 new business ideas every day — he explains his process. (51:00) How would you make money if you were 21 again? See acast.com/privacy for privacy and opt-out information.
Chapters
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00:00 - 01:12 (01:12)
Summary
HubSpot CRM is a one-stop-shop with all the tools needed to grow your business, including task automation, contact info and deal tracking, and data accessibility for teams. It's easy to use and free to get started.
Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
The podcast host compares the guest to Tim Ferriss and discusses the concept of building a brand on the internet.
01:12 - 04:07 (02:55)
Summary
The podcast host compares the guest to Tim Ferriss and discusses the concept of building a brand on the internet.
Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
The speaker started a company in the 90s making websites for entertainment companies before transitioning to writing personal essays and books based on them.
04:07 - 06:46 (02:38)
Summary
The speaker started a company in the 90s making websites for entertainment companies before transitioning to writing personal essays and books based on them.
Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
A former professional poker player shares his experience of knowing when to leave the game and transitioning to becoming an investor, with a focus on internet investing.
06:46 - 13:08 (06:22)
Summary
A former professional poker player shares his experience of knowing when to leave the game and transitioning to becoming an investor, with a focus on internet investing.
Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
The speaker recounts his experience of being present at 9/11 and how it impacted his decision to pursue investing as a career.
13:08 - 17:48 (04:40)
Summary
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Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
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17:48 - 21:06 (03:18)
Summary
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Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
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21:07 - 26:55 (05:48)
Summary
The speaker discusses starting their podcast during the due diligence period of a company sale and the challenges of maintaining relationships in that period.
Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
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26:55 - 30:08 (03:12)
Summary
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Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
The speaker shares their personal experience of writing down 10 ideas a day, which has led to a change in their creativity and ability to generate ideas for potential businesses or projects, ranging from a few dollars to millions of dollars.
30:08 - 34:47 (04:39)
Summary
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Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
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34:47 - 47:00 (12:13)
Summary
The podcast host shares his personal challenge of coming up with TV show ideas for nine year olds, and discusses the importance of actionable ideas in learning.
Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
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47:00 - 51:45 (04:44)
Summary
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Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
The newsletter business generates substantial subscription revenue and unique voice is the key to success.
51:45 - 56:55 (05:09)
Summary
The newsletter business generates substantial subscription revenue and unique voice is the key to success. The founder of The Hustle suggests focusing on providing value to subscribers and producing high-quality content.
Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
Writing skills can help you quickly gain a following in fantasy sports, as exemplified by the success of ESPN Fantasy Football analyst Matthew Berry who used his writing skills to create engaging content and monetize it.
56:55 - 59:38 (02:42)
Summary
Writing skills can help you quickly gain a following in fantasy sports, as exemplified by the success of ESPN Fantasy Football analyst Matthew Berry who used his writing skills to create engaging content and monetize it. Providing value through quality content is essential in gaining an audience in the fantasy sports world.
Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
The podcast features energy industry experts discussing unique insights and stories with the audience.
59:39 - 1:02:18 (02:39)
Summary
The podcast features energy industry experts discussing unique insights and stories with the audience. An ad is not present in the text.
Episode#76 with James Altucher - Making and Losing Millions Over and Over Again
PodcastMy First Million
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1:02:19 - 1:02:43 (00:24)
Summary
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