James Altucher

James Altucher

Entrepreneur, podcaster, and bestselling author

THIS CHAT HAPPENED ON August 20, 2015

Discussion

James Altucher
James Altucher@jaltucher · Follow me.
Hey Product Hunters! My name is James Altucher. I’m an entrepreneur and writer. I’ve founded 20 companies, ranging from hedge funds to dating websites, most of which have failed. A few have made million dollar exits. I blew that on expensive toys, trips, and bad ideas, and saw my account go from $15 million to $143 in a matter of months. I lost my house, my friends, my sanity and considered killing myself. After a few months of depression and heartache, I started a blog to bleed out some of my ideas and lessons I was going through (to give you an idea, popular posts include “I Want My Kids to Be Drug Addicts”, “How I Screwed Yasser Arafat Out of $2 Million, and Lost $100 million”, and “I Want To Die”). I started more businesses, wrote more books. Now the blog receives millions of visitors a year, I made most my money back through new investment. Most people know me for my book, Choose Yourself. The book is the result of everything I’ve gone through in the past. You can’t wait on anyone to give you the life you want. Nobody is coming to hire you, invest in your company, to sign you, to pick you. College isn’t going to help, neither are your parents, or friends. You have to choose yourself. There are more ways than ever to make a million dollars, create art, and change the world, without “help.” My latest project is a new book, The Choose Yourself Guide To Wealth, which is essentially all about money: making it, growing it, keeping it, in America today. It’s about building wealth, investing, business, and finance. It’s about the new rules of retirement, entrepreneurship, investing, and preserving wealth. So, please ask me any question you may have (really, anything). I'm excited to be here
Ratna Dewi
Ratna Dewi@veryluckylady88 · Director of Content & Strategy for Jalan
@jaltucher How do you beat the feeling of helplessness and fear (of the future, uncertainty)
James Altucher
James Altucher@jaltucher · Follow me.
@veryluckylady88 Ratna, thanks (first question!) - I always find that I am a very poor predictor of the future. I can't even predict what new things will happen to me tomorrow. When I tried to predict is when I would lose enormous sums of money and people So every day I try to ask at the end of the day, "Who did I help today". Do that enough and it compounds into something that will fight all anxiety. That might sound a bit corny but it's not corny if it's true.
If you could start a business in any industry/sub-sector tomorrow what would you choose and why?
James Altucher
James Altucher@jaltucher · Follow me.
@alfink92 Right now, if I were just focused on, lets say, making enough to satisfy all my bills for life, I'd focus on information marketing. Find an urgent problem people have, write reports, newsletters, content, about it, use that to give out for free to build an email list, and then sell highly researched premium content on that list. You deliver value, you help people, you make recurring revenues in your sleep. I'm not going to save the world curing cancer but i do want to help people and I think you can make money that way.
@jaltucher I do think writing content about curing and treating cancer would be a good topic.
Del Williams
Del Williams@delwilliams · Founder, Thinking Anew Media
@abarger Don't. The web is filled with flakes, and unless you are a real PhD or MD, anyone writing on curing cancer would be considered a quack. Anything, but that topic. Heck, take weight loss.
Bryce Haymond
Bryce Haymond@brycehaymond · Product Designer, HandStands
How do you know you are doing what you're supposed to be doing? How do you know if your work is fulfilling your potential? How do you find that thing?
James Altucher
James Altucher@jaltucher · Follow me.
@brycehaymond There's never that "one thing" that you are supposed to be doing. Don't forge the average multi-millionaire (and this is from tax data) has seven different sources of income, at least. But one start is to think about all of the things you were interested in from the ages of 6-18. How does that translate into the modern day today. If You loved writing, maybe self-publish a book. if you loved stocks, think about finance. if you loved computers, think about coding, and so on. I find our passions at the age of 10, tend to age gracefully with us and grow with the times but we often foreget them in law school.
Dave Branson Smith
Dave Branson Smith@playswithfood · 96 Problems
@jaltucher This! Can confirm this is stellar advice, having recently taken some stock emotionally and thinking about what excited me before I got into middle school and started worrying about what other people thought of me. Add banking and Japanese corporate culture to the list of antagonizers leading us to take our focus away from those things we loved when we were kids :)
Hari Jeevakumar
Hari Jeevakumar@harijeevakumar
@brycehaymond read Robert Greene's Mastery. The first part is fantastic for finding your passion.
Bernard Desarnauts
Bernard Desarnauts@bdesarnauts · svp
@jaltucher Hi James - how would you go about marketing/selling unique market data about the Apple Watch to hedgefund? Can you go super high end / premium by attaching exclusivity or is it easier/better to productize? I guess related Q is how easy is it to ID funds that are over-exposed to Apple? Are there tools/data providers that can help?
James Altucher
James Altucher@jaltucher · Follow me.
@bdesarnauts yes, check out J3SG.com to see the largest hedge fund shareholders of Apple. THEN, what i would do is check out on the earnings reports of whoever the chip and materials suppliers are to the Apple products (i.e. how full are the parking lots strategy) and use that to put together data about the Apple Watch. That said, I don't know if the watch is going to be a big line item for Apple for awhile. It's sort of like the iTunes store. Nobody cares.
James Altucher
James Altucher@jaltucher · Follow me.
@jaltucher There's sort of three skills to money: Make. Save. Grow. For 15 years I was good at "Make". Better even than I thought. But I was horrible at the other two. So I had to take a step back and say, "well, what was I doing right at the "Make" part. It's not about knowing where to put ads, or where the right button goes, or even finding the right product to sell. You have to clean up the engine before you can drive the car. This is corny but true.
Bernard Desarnauts
Bernard Desarnauts@bdesarnauts · svp
@jaltucher thanks for the insight on J3SG.com - nothing outside the iPhone is material to Apple in near term...
Morgan Black
Morgan Black@atlaskids · Founder, BlueDeep Capital
@jaltucher What made you good at "making"?
Ryan Hoover
Ryan Hoover@rrhoover · Founder, Product Hunt
Hey, @jaltucher! What's your favorite podcast?
James Altucher
James Altucher@jaltucher · Follow me.
@rrhoover I like a lot of podcasts. Brian Koppelan's the Moment. the Nerdist. Product Hunt. TimFerriss, and on and on. And, on August 31, Stephen Dubner (Freakonomics) and I are launchinga new podcast and I can guarantee that will be my favorite (after my own of course. I get to talk to whoever I want on my own).
Morgan Black
Morgan Black@atlaskids · Founder, BlueDeep Capital
What is the one thing you always tell people but that they don't seem to ever fully understand ?
James Altucher
James Altucher@jaltucher · Follow me.
@atlaskids People don't ever get that it's as easy as 1% imrpovement a day on physical emotional mental and spiritual health. Because 1% a day never seems like big change. but over a year its huge change. And over five years its wealth and abundance like you can't believe.
Nick Gaston
Nick Gaston@nickgaston · Customer Support, Proposify
@jaltucher This is probably the hardest one to really practice. It's part time management part faith. Like watching a pot boil. Reading 5 pages a day from a few books, writing a page a day. if I keep thinking about it, I feel like it's going no where. When I stop and just do the work then two weeks go by and I've finished a chapter. 3 weeks and I've finished a book.
Erik Torenberg
Erik Torenberg@eriktorenberg · Former Product Hunt
Hey James - What do you want people to say at your funeral?
James Altucher
James Altucher@jaltucher · Follow me.
@eriktorenberg I don't want to have a funeral. I want to be instantly obliterated and forgotten. It doesn't matter to me. OH! I do want my kids to cry, though. I LOT. Like, every night they should cry themselves to sleep for at least a year thinking about everything good I did for them. I hope.
Tam Pham
Tam Pham@mrtampham · Community at Mixergy
Doug Astor
Doug Astor@theezaven · product hunter-gatherer
Morgan Black
Morgan Black@atlaskids · Founder, BlueDeep Capital
Hi James, thank you for doing this. What is the hardest thing you ever did?
James Altucher
James Altucher@jaltucher · Follow me.
@atlaskids Morgan, hardest thing I ever did was after losing all of my money (the first time) and thinking I had just gotten lucky and now I was lost and a broken spirit forever, to pick myself off the floor, figure out what I had been doing right, and do it again;. AND THEN, making it back, losing again, and then HAVING TO DO IT AGAIN. And now (knock on wood) continuing to grow. I had to every day focus on 1% improvement in physical , emotional mental and spiritual health. That compounded every day into what I feel is a remarkable part of my life no matter what happens now.
Andrzej Bakonski
Andrzej Bakonski@andrzejb200sx · Stuff
@jaltucher at what age did you loose all your money the 1st time? Time waits for no man so I would assume earlier in life == less risk.
James Altucher
James Altucher@jaltucher · Follow me.
@andrzejb200sx In 1994-5 I was living out of a garbage bag on people's couches. Then I made $15mm by 1998 (cash!). Then I lost almost all of it by 2000 and hung on desperately (day trading) while my expenses dwindled it down until December, 2002 when I had $143 in the bank and was in a desperate panic with a $40,000 a month expense to cover every month. I was going to kill myself. But because the ideas had started kicking in I was flush with confidence (you can't manufacture confidence out of nothing, it has to build up from your routines on the inside. And I survived. Then. But then I blew it again. Twice more. I was really a bad guy. I hope I'm better.
Reed Porter
Reed Porter@reedracer · The MightyWarriorChallenge.com OCR
@jaltucher Wow, I was similarly homeless in the lates 80's. Living at my friend's brother-in-law's apartment in a beanbag chair. Depressed and broke and unable to score tech work in the Silicon Valley. Finally got work as a Security Guard for Unysis and worked through the depression. So, next I need to make the million! (I'm on my way).
Andrzej Bakonski
Andrzej Bakonski@andrzejb200sx · Stuff
@jaltucher wow, insightful. Thank you for being so open about it.
Ovi Negrean
Ovi Negrean@ovinegrean · Founder @SocialBeeHQ
Hey @jaltucher - nice to 'talk' to you again. How do you choose the companies you invest in / advice? Thanks, Ovi from nugget http://www.getnugget.co
James Altucher
James Altucher@jaltucher · Follow me.
@ovinegrean I focus on several things: A) has the CEO built and sold before (so I won't be hand-holding on the basics and there are A LOT of basics. B) are their coinvestors smarter than me (because I''m easily talked into stuff and want to say "yes to everyone) C) is there a good demographic trend here (I tend to be ok at spotting tech trends although don't tell that to the people who started Oingo, who I rejected and then they became AdSense and sold to Google. 4) I look for some revenues / profits to show that customers like the idea.
Warner Onstine
Warner Onstine@warneronstine
@jaltucher You've mentioned in the past about 5 novels and short stories that have never been published. Now that you've been doing a lot of non-fiction writing do you think you'll ever get back to writing fiction?
James Altucher
James Altucher@jaltucher · Follow me.
@warneronstine Yes, fiction is my goal for either the end of this year or next year. Who knows? I tend to have lots of ideas and focus on the one each day that excites me the most. on Sep 1 is my last (maybe) "Choose Yourself" book, which I'm calling "The Rich Employee" and I have rough drafts on two other books I might get together that are related but not the same.
Thomas Ulibarri
Thomas Ulibarri@thomas_ulibarri · Writing Enthusiast
@jaltucher What do you focus on when building value interviewing thought leaders & luminaries? Also, how do you also seek out opportunities when connecting with these influential people after you've interviewed them?
James Altucher
James Altucher@jaltucher · Follow me.
@thomas_ulibarri every superhero has an origin story that is the key to everything. With Superman, he came from another planet. Without that he's just a bad reporter. I only ask my heroes to come on my podcast.Most say "no". And then I do a ton of research so I can really narrow in on the questions that will get me to find out the secret origin. Then from there I can start to learn. After all of that research and study. The learning begins.
Thomas Ulibarri
Thomas Ulibarri@thomas_ulibarri · Writing Enthusiast
@jaltucher TY as always James! Do you find it meaningful to connect people together, whom you've interviewed on your podcast or through your network? aka permission networking.
Erik Torenberg
Erik Torenberg@eriktorenberg · Former Product Hunt
Hey James! Welcome to Product Hunt :) My Q is: What's the biggest thing about yourself that you're working on? Also, for those who want more James, we podcasted here: https://soundcloud.com/product-h...
James Altucher
James Altucher@jaltucher · Follow me.
@eriktorenberg Erik, we had a great time podcasting. You asked good questions. The biggest thing I'm working on now is I have a new book coming out "The Rich Employee" showing that people can still 'choose themselves' even if they have a job. And it focuses on how to grow the skills inside of you no matter what your situation is. For me, personally, I always want to improve how I see the world, the ideas I have, my writing, my relationships, my health. With all of this and a desert island I know I can move mountains.
Ryan King
Ryan King@ryanthepatriot · Web Developer
@jaltucher I'm pumped for this next book, this perfectly matches my situation and also my frustration while trying to Choose Myself and juggle life w/ a full-time job and three kids. Thank you for doing all that you do... most definitely an inspiration.
Lasting Matters
Lasting Matters@lastingmatters · President and Founder
@jaltucher how does one compete for SaaS subscribers against a "goliath" with deep pockets?
James Altucher
James Altucher@jaltucher · Follow me.
@lastingmatters do service first. People love SaaS. But they also love have their hands held. Be a friend first, tell clients how they can do something better if they had your personal touch. it's the personal service touch that gets the clients, focus on converting them to SaaS later. I have one investment that unfortunately doesn't; get this and he just can't get his SaaS client base going when he has multi-milli0on dollar clients begging him to help them more directly.
Ray Garcia
Ray Garcia@raygcreative · Founder @teleporme
@jaltucher I'm a big fan of your work and your podcast. Would you do an Ask Altucher podcast describing this chat experience here on Product Hunt? Why did you decide​ to participate? What's your involvement with Product Hunt? And what was your thought process when answering people's questions. Thanks.
James Altucher
James Altucher@jaltucher · Follow me.
@raygcreative Ray, that's a great idea. I'm going to do that tomorrow. Why did I decide to participate? No reason at all. I really like to help people. I see a lot of pain out there. The average 18-35 year old has gone from $36,000 in salary in 1990 to $33,000 in salary now despite debt being at all time highs. It's not so bad to help people and eventually see what ideas come out of solving their problems. Plus I'm HUGE fans of the Product Hunt guys. What a great service.
James Altucher
James Altucher@jaltucher · Follow me.
@jaltucher Oh, and I have no personal or financial involvement with ProductHunt. Just simply enjoy the service.
Ray Garcia
Ray Garcia@raygcreative · Founder @teleporme
@jaltucher Thanks for the answer James. I will be looking forward to the podcast soon.
Heather Bowden
Heather Bowden@msheatherbowden
@jaltucher How do you beat the feeling of regret over all of your poor financial choices? I've made many.
James Altucher
James Altucher@jaltucher · Follow me.
@msheatherbowden When I first lost a lot of money, i was crying every day. I thought I had burned a lottery ticket that couldn't; be put back together. I couldn't believe it. I had so much regret. And then my dad got sick and I felt if I had money I could've saved him. I lost 30 pounds and dwindled down to nothing. I was just sick sick sick. But along the way I learned to start celebrating small things. Maybe not making $15,000,000 but I framed my first $200 check that I got for writing an article. And I celebrated helping my kid ride a bike. or meeting a new friend. Finding things every day, new things, to be grateful for, is the FASTEST AND SUREST way to battle regret. Please trust me on this.
Andrew Castro
Andrew Castro@ottertech · software engineer, CustomInk
Hey @jaltucher how do you plan out writing a book. How do you schedule your time to focus on writing?
Reed Porter
Reed Porter@reedracer · The MightyWarriorChallenge.com OCR
@jaltucher Ack I have no question, but thanks for this and PH for hosting. I know what I need to do, now to just go out and do it!
Hi James, what would you normally do when you "don't feel like it", but you know you want to do in deep down?
Garin Etcheberry
Garin Etcheberry@garinetch · Founder @ WebsiteBuildParties.com
@jaltucher if you could join any rap group, who would it be?
James Altucher
James Altucher@jaltucher · Follow me.
@garinetch The first all De La Soul cover group
Jaime Case
Jaime Case@jaimescase · Private Wealth Advisor
@jaltucher I've been writing 10 ideas daily, but find I'm so distracted by all the fun things I'm thinking of, that I'm losing focus and getting nothing done. Thoughts? (or 10 ideas to help with this :)
Daniel Morse
Daniel Morse@dfmorse23 · LearnZillion
How do you suggest that authors "find their voice"?
ChessVision
ChessVision@chessvision · Chess Vision CEO
@jaltucher Hey James. Sometimes there is a conflict between the desire to earn a lot of money and to do the things you love and believe. What is your opinion? On the same note .... Do you invest in business only according to their financial potential or according to their contribution to the community or areas you value?
James Altucher
James Altucher@jaltucher · Follow me.
@slavtzachi financial potential often equals their ability to help the community. Else, why would people in the community buy the product? Not always but often. I always feel if you love what you are doing (and you always have many things you love) then ultimately there is a way to make a living out of it.
Sara
Sara@saragilmer · crowd reactive
@jaltucher Hi James, what are your thoughts on autodidacticism/self-teaching (ie business skills, interpersonal skills, etc)?
Ben Tossell
Ben Tossell@bentossell · Makerpad.co
@jaltucher do you have a daily habit you'd like not to have/like to change? Second bonus question: can you tell us how you use Product Hunt?
David/Ryal/Pug
David/Ryal/Pug@davidryalpug
@jaltucher How do you think about the difference between the quantified (money, etc.) and the unquantifiable (love, family, health, optimism, etc.), in a society where they are so often wrapped together (the morality and shame of debt, which you seem to know well)? It seems to me our system so conflates all of these things that it can't help but drive almost everyone insane..?
James Altucher
James Altucher@jaltucher · Follow me.
@davidryalpug yes, its a shame that money has become a tight cage around people's psychologies. Salaries going down, debt going up, inflation going up. But that only means that the unquantifiable (love etc) is more important than ever to explore and to master in order to get the quantifiable, if that makes any sense.
David/Ryal/Pug
David/Ryal/Pug@davidryalpug
@jaltucher "it's a shame" HA
Christopher Leach
Christopher Leach@leachy114 · Programmer and Student
@jaltucher When you where depressed and feeling like there's no way out, How'd you get out of that mindset and move forward?
James Altucher
James Altucher@jaltucher · Follow me.
@leachy114 the key is improving your "idea muscle". After writing down ten ideas a day for about three months, I really felt a change and started sending out ideas to people who I looked up to and wanted to help at the same time. One out of twenty or so responded and gave me real opportunities. From there I continued and kept piling on the opportunities. It was an exciting but nerve-wracking time because I was losing everything. In order to do this, I also had to stay in shape, and avoid negative people in my life who would make me feel bad about my ideas.
Fabio Bracht
Fabio Bracht@fabiobracht
@jaltucher This is truly an act of courage. You were broken and broke, at lowest in your life, and still you thought "hey I'm gonna help these people who are super successful". You life was in bad shape, theirs were (apparently) awesome, and still you thought you were in a position to improve their lives. I believe this mindset, much more than your idea muscle, was what allowed you to thrive.
Christopher Leach
Christopher Leach@leachy114 · Programmer and Student
@jaltucher You are very inspirational, digging yourself out of a rut is not easy, let alone motivating yourself with ideas and wanting to help others at the same time. I agree with what you said about staying in shape and avoiding negative people. A healthy body contributes to a healthy mind, both are very important to finding happiness . Negative people will only slow you down or become a roadblock in your path, no one needs someone who will just bash you on trying to do work. Very inspirational and thank you for replying to my question.
James Altucher
James Altucher@jaltucher · Follow me.
@fabiobracht that's very true, because of another rule which is that money flows down. People who have a lot of money that need help, will pay for that help. You can't resent the people with money. Else you will be poor. You have to help the people with money. And that's thats the best way to help people who are poor.
dana
dana@djmar
@jaltucher what do you do if one of your "crappy" people is your ex-husband and father of your kids and a very involved parent?
Peter W Murphy
Peter W Murphy@murphypeterw
What upsells do you have for your paid newsletter? Type of products and price points?
James Altucher
James Altucher@jaltucher · Follow me.
@murphypeterw with any information product focus on three levels. Give away high quality content frequently for free. Give away premium content for cheap. Then hire a team of researchers to help you, have a unique vision that helps the world, and really put out a high quality product. the high quality product is not your upset though. the upsell refers to more free reports, or a lifetime offer on your middle product, which of course is high quality as well.
David Smooke
David Smooke@davidsmooke · founder/ceo @hackernoon
When bootstrapping a service business to create a super related product business, when's the right time to start approaching investors? (... and don't say yesterday, more like what momentum points will interest them...)
James Altucher
James Altucher@jaltucher · Follow me.
@davidsmooke I definitely won't say yesterday because the ideal time is never. If you have a good service business it means you are probably profitable. If your service business is repeatable then you can develop a product by just abstracting away customer names into variables. Then, you only need money if you want to grow fast. At this point, you should be able to raise money easily because you've proven the product out with customer testimonials and the high margins of productizing it. Don't make Mistake #1: Being in a Rush
Pritish Sanyal
Pritish Sanyal@sanyalpritish · Director Business Development
Is there a better way to connect Angel Investors and StartUps other than AngelList. Given that presently majority of investment opportunities are referrals and Pitch Competitions. AngelList is popular in US what about Asian Market. Thanks
James Altucher
James Altucher@jaltucher · Follow me.
@sanyalpritish Rather than just vanilla using AngelList I think the best way is to invest through high quality syndicates on AngelList. Investors who are in the flow who are syndicating part other their deals. BUT, you have to be WARNED: a good, solid angel investment will take 5-9 years before you see your money back. Don't expect better than that. And still expect 70-80% of deals at least to fail.
Pritish Sanyal
Pritish Sanyal@sanyalpritish · Director Business Development
@jaltucher Thanks James. I understand your point. What I want to understand is what kind of platform can be built to better connect Angel Investors + Startups, which can replace a AngelList like a product
Binky Denniston
Binky Denniston@binkydenniston · Technology Consultant
@jamesaltucher Why haven't more spoke up about the 401k travesties? It would be in the best interest for us all to not be taken advantage of by a system that we have our future wrapped up in.
James Altucher
James Altucher@jaltucher · Follow me.
@binkydenniston its a trillion dollar industry. When I spoke up against 401ks I had every major website have someone write an article trashing me even though privately I got well over 100 emails of horror stories. Whenever you can follow the money trail, there's at least a chance to be a skeptic and I hope people do that more and more in these huge industries that we've confused with the American Dream: college is not the same as education, home ownership is not the same as shelter, 401ks are not the same as savings, and voting is not the same as changing the world, and so on.
Binky Denniston
Binky Denniston@binkydenniston · Technology Consultant
@jaltucher hopefully soon :)
@jaltucher How would you start a consulting in IT space business without clients?
James Altucher
James Altucher@jaltucher · Follow me.
@miroburn the other day I was in a restaurant. The owner came over to me and complained how business kept falling year over year over year. I looked around and instantly saw 10 very obvious reasons why. I could've said to him, "I see three reasons right now. Fix them. " And for $1000 I will tell you 10 more. That's a basic basic example but when I ran a consulting business I did the same thing. I would go to a company and say, "this is critical for you to grow your business and if you give me an hour I will tell you how." And then I will get the change. And then some of them would pay me. Over time (years) I had a consulting business making millions. And still do (although I don't structure it as a business anymore).
@jaltucher Wow. Good advice. Thank you.
Ryan King
Ryan King@ryanthepatriot · Web Developer
@miroburn I second this question :) - but more from the coding side.
Harry Stebbings
Harry Stebbings@harrystebbings · Podcast Host @ The Twenty Minute VC
Hi James, so great to speak again following your appearance on The Twenty Minute VC! In our interview you said 'Harry, don't go to college'. I am certain I would like to enter the VC industry, however, the majority of VCs have uni degrees, what would you suggest I do?
Heather Bowden
Heather Bowden@msheatherbowden
@jaltucher How did you choose what endeavors to pursue? Prior to creating a lifestyle of what's in front of you?
James Altucher
James Altucher@jaltucher · Follow me.
@msheatherbowden Every step of the way I always found an industry I loved, found something that was missing in it or some urgent problem that I uniquely solved and then did it. As an example: my books (not trying to push a 99 cent book here). I think people building businesses focus on all the wrong things when they start out. they don't clear the decks to allow true abundance and ideas to come in. So I focus on it. How do I focus on it? Not in the bullshit "Advice" way. Advice is autobiography. I tell my story and hopefully that helps people.
Andrzej Bakonski
Andrzej Bakonski@andrzejb200sx · Stuff
@jaltucher Single #1 lesson you can share with us?
James Altucher
James Altucher@jaltucher · Follow me.
@andrzejb200sx ok: two rules. First, the 80/20 rule. Lets improve it. the 80/20 rule says that 20% of your effort will resolution 80% of the value you create. So you have to focus on the right 20% and outsource the rest. But what if you do 80/20 on that 20%!? Then you have the 1/64 rule. With only 1% of the effort you do now, you can have up to 64% of the result. Then you have to figure out what to do with the other 99%! have fun with it.
Irina Jordan
Irina Jordan@irinajordan · Director of Inbound Marketing
@jaltucher What approach do you use when persuading someone about a better way to do what they've been doing for a long time? Get them out 'don't fix it if it's not broken' mentality. Thanks!
James Altucher
James Altucher@jaltucher · Follow me.
@irinajordan Irina, great question, difficult answer: you can't do anything. People don't listen when you tell them things. They only watch when you show them things. So somehow you have to show by example. And also, sometimes people learn best through failure. So you have to let them go through their own individual cycle. It's painful and sometimes deadline (what if you have a child that wants to be a soldier and can't be talked out of it) but often there is nothing you can do but be a good example and be someone who is loving and supportive.
Jacob Derry
Jacob Derry@jacobderry · Co-Founder, Project Passion
@jaltucher If you could fill a swimming pool with anything, what would it be?
James Altucher
James Altucher@jaltucher · Follow me.
@jacobderry Hmmmm, I hate to be boring, but I'd probably fill a swimming pool with water. But if water was not an option, then with vanilla milkshake.
Jim Carter III
Jim Carter III@noinput · Cause Hacker
Of all your interviews on Ask Altucher, who are the most memorable and for what reason?
James Altucher
James Altucher@jaltucher · Follow me.
@noinput I really enjoy every interview but on "Ask Altucher" a point with mac Lethal stands out. He's a youtuber/rapper who avoids the labels. He said, "nobody remembers your bad stuff. So you don't have to be afraid to put stuff out there". On The James Altucher Show I can't think of a guest that wasn't great.
Greg Bates
Greg Bates@gregbates · Co-Founder of Skratch School
@jaltucher Do you think writing Morning Pages builds your 'idea muscle' as much as 10 Ideas A Day? Or two totally different things?
James Altucher
James Altucher@jaltucher · Follow me.
@gregbates morning pages are great. They make you look inside yourself. But ten ideas a day specifically exercises that all-important idea muscle. I personally like both.
Kate
Kate@katesegrin · Head of Social @ GitHub
@jaltucher I recently read your Medium post on college, and I'm curious if you had the choice to do it again, would you? And do you think we will start to see a trend towards skipping college in the (near) future?
James Altucher
James Altucher@jaltucher · Follow me.
@katesegrin If i had to choose right now betw college and no-college I would definitely skip college, start writing and programming and making friends of all ages and get right into business and traveling and enjoying life rather than homework and standardized tests and boring professors.
Kerry Benjamin
Kerry Benjamin@kerry_benjamin1
@jaltucher What do you think are the best kinds of questions to ask when you're validating your idea/ mvp with potential customers?
James Altucher
James Altucher@jaltucher · Follow me.
@kerry_benjamin1 see how they use it. Don't ask anything. See what THEY ask for. Keep coming up with 10 ideas that YOU would want in the product if you were them.
Roberta Polyak
Roberta Polyak@robertapolyak · Leadership and Culture Developer
James I know your not a fan of reading the news but I was wondering if you had read the New York Times article on Amazon. If so would love to hear your thoughts especially since they invited you to visit the self publishing division.
James Altucher
James Altucher@jaltucher · Follow me.
@robertapolyak the NYT article on Amazon was completely the reason why I don't read the news. it simply wasn't true. I know many Amazon employees and I've even been involved in businesses supplying temp workers to Amazon factories. its just not true at all what the NYT article said.
John Reynolds
John Reynolds@reynolds_wrap · director
Roadmap for new biz? getting 1st group of loyal customers or perfecting the product? top 3 steps... were priv beta in APP STORE & need a plan
James Altucher
James Altucher@jaltucher · Follow me.
@reynolds_wrap ALWAYS: roadmap for customers. In fact, do this: come up with 10 products or services: DONT MAKE THEM, put up FACEBOOK ads advertising them and see where people click. Then make the product that gets clicked on most.
David McGill
David McGill@dmcgill50 · QA Software Tester, FAA
@jaltucher If this question has already been asked, please excuse me but I am curious if you could tell me why it seems that you are so self deprecating. I mean this in the sincerest form. You are obviously well accomplished, but it seems that you are attempting to keep yourself humble almost to a fault. Thanks in advance!
James Altucher
James Altucher@jaltucher · Follow me.
@dmcgill50 The reality is: we know less than 1% of 1% in any field of study in the universe. So why should I pretend to know more? I'm not self-deprecating. I just tell it how i see it. I focus on improvement rather than any mountaintop I might've climbed, because there's always a next level.
David McGill
David McGill@dmcgill50 · QA Software Tester, FAA
@jaltucher I tend to agree...the brutal honesty is actually the thing that I am most interested as I read your posts. It sticks out in the content marketing and flattery driven economy that we live in. Thanks for being you! :)
Casey Davenport
Casey Davenport@caseydavenport · Head of Digital Strategy
Hello @jaltucher. If you were to make a Product Hunt collection filled with the tools/products/goodies you are most excited about right now, what would be at the top?
James Altucher
James Altucher@jaltucher · Follow me.
@caseydavenport I love books. SO for me, a pH collection about books and diff categories of books (fiction, sci-fi, non-fiction, business, etc) would be the most fun.
Jeff Umbro
Jeff Umbro@jeffumbro · CEO of The podglomerate
What article (or book) has had the most impact on your life?
James Altucher
James Altucher@jaltucher · Follow me.
@jeffumbro No one book has had the most impact on my life. What HAS had an impact is having a philosophy that reading every day can change your life. Imagine that someone lives an entire lifetime ,and then can transmit all of his or her knowledge to you in a few hours of you reading about it. That's amazing. now imagine doing it every day.
James Altucher
James Altucher@jaltucher · Follow me.
Hey everyone, and ProductHunt, in particular. I'm really grateful for all the amazing questions and responses. this has been a fun 90 minutes for me. Thanks again.
Morgan Black
Morgan Black@atlaskids · Founder, BlueDeep Capital
@jaltucher Thank you James, you're a great mentor to all of us reading you :)
Ryan King
Ryan King@ryanthepatriot · Web Developer
@jaltucher With an idea that really comes to you and hits you hard. You feel this is your idea to run with... find out that someone is doing it already. In this case, an e-commerce or a marketplace type website... and by all appearances, seems to be doing a good job of it. If it still resounds with you, do you still pursue it and try to gain your share of that market? Do you market it slightly different? Do you move on?
Kris Costello
Kris Costello@kriscostellowtr · Wellness Talk Radio
Thank you James!
Marty McFly
Marty McFly@mcflyinthechi
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Karina Mendoza
Karina Mendoza@karinamendoza · Founder
@jaltucher and Product Hunt, Thank you for this Q&A!
Prabhu krishna
Prabhu krishna@prabhu_twt · Marketer @Dckap
@jaltucher we know you read lot of books. Is it possible to be influenced and to have your own thought at the same time?
Pravin Kumar Singh
Pravin Kumar Singh@pravin310 · Business Analyst, Mu Sigma Inc
@jaltucher Is your Daily Practice inspired from the book The Power of Full Engagement ? I'm asking as that is the only place I saw life divided into the exact same four parts as you divide in your posts Would you recommend this book? And the action steps etc from the same?
James Altucher
James Altucher@jaltucher · Follow me.
@pravin310 Your question is very ihtnerestiing because it's fundamental to the development of all ideas in history. Think about Einstein. He was greatly influenced by Newton, for instance, and other scientists closer to him in age. But, as we know, he took those ideas and came up with his own drastically influential ideas that changed the world. We always change the world on the shoulders of those that changed it before us. There is no such thing as the "lone genius".
Pravin Kumar Singh
Pravin Kumar Singh@pravin310 · Business Analyst, Mu Sigma Inc
@jaltucher Absolutely James! Good artists copy, great ones steal! Not saying you did those either, just a line I read a while ago :) So,I'll take it a Yes on reading and working on the book mentioned. Correct me if I'm wrong. Can you tell us more things/repository etc to do on a daily basis to improve the four parts constantly?
James Altucher
James Altucher@jaltucher · Follow me.
@pravin310 Never read that book. I will look it up. I don't think the idea of building physical and emotional and creative and gratitude health is that unique. I think people from all ages have done it well.
Tyler Spraul
Tyler Spraul@tyler_spraul · Director of UX, Exercise.com
Hi James, thanks for taking the time to answer questions here! What are you looking to get 1% better at today?
James Altucher
James Altucher@jaltucher · Follow me.
@tyler_spraul Every day: my relationships with others, my writing, my health, my ability to be grateful, my ability to love even those who I have problems with, my ability to come up with better ideas
John Wei
John Wei@ooweijoo · Founder, EfficientChow, HypeSpin
@jaltucher do you have a daily ritual to improve the writing muscle?
James Altucher
James Altucher@jaltucher · Follow me.
@ooweijoo yes: read for 2 hours. 1 hour of fiction. 1 hour of good non-fiction. The fiction has to be HIGH quality. Then 2-5 hours of writing. EVERY day. Seven days a week.
Kristofer™
Kristofer™@kristofertm · #6 Product Hunter. E-Skateboard fanatic
@jaltucher What are your favorite 3 mobile apps that aren't mainstream or most people haven't heard of?
James Altucher
James Altucher@jaltucher · Follow me.
@kristofertm I don't really use mobile apps other than the basics. That said, I haven't seen much done with deep linking: how to integrate smoothly your web and mobile analytics given that they are operating along different protocols on the Internet.
Danielle Newnham
Danielle Newnham@daniellenewnham · Founder, The Junto Network. Author
HI James, what's the single best piece of advice you have ever received?
James Altucher
James Altucher@jaltucher · Follow me.
@daniellenewnham I've gotten lots of really amazing advice in my life so I can't narrow down to one. But always think of this when people tell you their reason for doing something: there's always the good reason (i.e. what they are telling you) and the "real" reason (what thy are not telling you that is actually the reason on their minds).
Ovi Negrean
Ovi Negrean@ovinegrean · Founder @SocialBeeHQ
@jaltucher - if you wold not be the mighty and loved by (almost) all James ALTUCHER, how would you go about starting a 'scene'? :)
James Altucher
James Altucher@jaltucher · Follow me.
@ovinegrean haha. I guess I would do what I do right now. I'd tell stories that people can relate to and build community around that. That's always worked for me in the past. If you have the ability to build community around the ideas you love then you will never go hungry.
Reed Porter
Reed Porter@reedracer · The MightyWarriorChallenge.com OCR
@jaltucher Beautiful, I had to go tweet this! https://twitter.com/MightyWarrio...
Brandon Finlen
Brandon Finlen@brandon_finlen · Builder. Hustler. Dreamer.
How would you recommend not losing yourself as you try to grow a company? (successful or failure)
James Altucher
James Altucher@jaltucher · Follow me.
@brandonfinlen the only way to grow a company, success or failure, is to not lose yourself. Don't forget that Henry Ford had a vision of what he wanted a car to be. But it was only his THIRD car company that was a success. The other two failed. Persistence plus Love equaled his Abundance.
Mike Bracco
Mike Bracco@bracco · Product at JibJab
Do you take notes from all the books you read and if so what's your workflow?
A Conrad Deas II
A Conrad Deas II@conraddeas · Creator, Encourager, Husband On Purpose
@bracco he said on his podcast the other day the he Reads, Writes, and then Teaches it almost immediately. He writes 10 ideas from the book he found interesting and was curious about. He teaches it by asking questions about it to Claudia or his daughters. At least that's what I remember. I know I'm not James, but figured I'd try and help since I recently heard him talk about this.
James Altucher
James Altucher@jaltucher · Follow me.
@conraddeas Yes, that's correct.
Jacob Derry
Jacob Derry@jacobderry · Co-Founder, Project Passion
@jaltucher you are very honest and vulnerable in your writing...was there a specific moment that led you to being so open about your failures?
James Altucher
James Altucher@jaltucher · Follow me.
@jacobderry Yeah, I was having a lot of upsetting things happen around 2010. Things weren't working out and everything I was going for was just failing. SO I figured, fuck it, and I started just saying everything and people were like, "whoa, he's saying too much" and then privately they would write me and say, "Don't worry, I used to smoke crack all the time while making trades". I found that everyone had their stories and everyone could relate to mine (although I never smoked crack) and they wanted more of it to prove that they were normal instead of always faking being perfect. So I kept doing git.
Jennifer Williamson
Jennifer Williamson@stellasays82 · attempting to navigate this world
@jaltucher How do you "live" your own life when your crappy person is your child's father and you are involved in a custody battle that will not end full of constant worry and a smear campaign by my ex?
James Altucher
James Altucher@jaltucher · Follow me.
@stellasays82 thats a very hard situation. The best thing you can do is focus on the child and love the child. There is no magic solution but if you always focus on loving your child (and never talking bad about your ex. NEVER) then the best will happen in the long run.
TomMallory
TomMallory@tommallory · Founder
I know someone who translated one of your books in to Russian. Do you sell your books there? Would this be interesting for you?
James Altucher
James Altucher@jaltucher · Follow me.
nashmann
nashmann@nashmann
what drives you
James Altucher
James Altucher@jaltucher · Follow me.
@nashmann Thing like this Q&A drive me. I love it.
Feyyaz Alingan
Feyyaz Alingan@freshfey · Focused. 🤖
@jaltucher how do I ask someone for help who is in the same business as me, but much much bigger (and could potentially crush me)? I was thinking 10 ideas on how he can improve his business, anything else?
James Altucher
James Altucher@jaltucher · Follow me.
@freshfey in my first business I'd regularly have lunch or dinner with competitor CEOs just to talk about the industry. I wouldn't directly ask for help but you'd be surprised if you start off that way (and do it with more than one, do it with 10) with what can happen as a result.
CJ
CJ@ceejread
@jaltucher how do you remind yourself to put yourself first in situations when you are being pushed to make the company's or a person's interests above your own?
James Altucher
James Altucher@jaltucher · Follow me.
@ceejread I always ask: am I hurting anyone. Because I don't really know what my own best interests are. So if it seems like Im not hurting anyone and seems like it could be helping someone, then I do it.
James Altucher
James Altucher@jaltucher · Follow me.
@jaltucher but this also takes a lot of trial and error to figure out. Because if I'm hurting myself, I won't be abel to help others
Matt_DuBois
Matt_DuBois@matt_dubois · Materials Coordinator, IPS Learning
Hi James, with the 10 ideas you come up with each day, do you store them somewhere and refer back to them for inspiration or execution or is it more about the exercise of the idea muscle in which a lot of ideas come and go and are perhaps lost (even if they might have been great)? Thanks
James Altucher
James Altucher@jaltucher · Follow me.
@matt_dubois I don't store ideas. The key is to exercise the idea muscle. Not have 3650 good ideas a year, which is impossible. If you have a good idea, it will begin to blossom across multiple idea lists.
Binky Denniston
Binky Denniston@binkydenniston · Technology Consultant
@jaltucher Why is that the 401k experts haven't talked more about the things we need to know like you have? This is our future and we want it to be there when we need it.
إبراهيم أبوحجلة
إبراهيم أبوحجلة@abuhijleh90 · program manager
@jaltucher hello James, thanks for doing this, two questions. Bear in mind that I am a citizen of the Middle East not US - what do u think of taking loans to buy a car, house etc? - how do u define passion and is it overrated?
James Altucher
James Altucher@jaltucher · Follow me.
@abuhijleh90 I don't believe in buying cars or owning things. I like to take money and buy experiences and rent everything else. the world is ephemeral and so I treat it the way it asks to be treated. - Passion is overrated in the sense that there is no "one" passion that everyone has. For instance, I am very passionate about this Q&A. There is nothing I am more passionate about this second.
Dhiren Chatlani
Dhiren Chatlani@dhirench34 · CEO Relendo
@jaltucher Hi James, I am working on a platform called Relendo which focuses on P2P product rentals between users in a particular area. I would like to know your thoughts on such platform! What do you think is key (apart from timing) in up and coming sharing economy startups?
James Altucher
James Altucher@jaltucher · Follow me.
@dhirench34 The key is to make sure there is a market on both sides. But you can see from the success of places like Rent-A-CEnter that there is definitely demand on the consumer side. I'd start off as a mini-Rent-A-Center (i.e. be the first demand on the other side) and see how quickly you can get the renters in. Put ads on Craigslist.
Aditya Dugar
Aditya Dugar@adityadugar · Founder, Slicemetrics
@jaltucher What are the next big things/technologies/products you think will change the world over the next 5-10 years and why?
James Altucher
James Altucher@jaltucher · Follow me.
@adityadugar 3D Printing combined with Synthetic Biology. Imagine when someone loses a limb and right away we can get his DNA and 3D print a perfect prosthetic leg for him or her. Another thing: sensors combined with robotics (hence, the automated car and drone delivery, etc).
Rob Williger
Rob Williger@robertwilliger · CEO of Cited, Inc. |Writer|Speaker
@jaltucher What role do you think formal business plans still play in modern startups? If a company has a product built is it better to try to find a market to sell it to or invest time and capital into a plan for the hope of impressing investors with projections instead of what has been done.
James Altucher
James Altucher@jaltucher · Follow me.
@robertwilliger Business plans are sort of shit. I've never seen a business that actually executed on their business plan. Numbers change, businesses pivot. new ideas happen. Etc. I started a business in Feb. The goal was $1.5mm in revs and profitable by year-end. We hit those numbers in the first month and on to much higher than thought by year-end.
Esben Johansen
Esben Johansen@fotoesben · Photographer
Can you please recommend a book about how to do better at meeting people at business venues and such?
James Altucher
James Altucher@jaltucher · Follow me.
@fotoesben Check out Derek Coburns book on Networking. Also Jayson Grignard's Book on Mastermind diners
Rob Williger
Rob Williger@robertwilliger · CEO of Cited, Inc. |Writer|Speaker
@jaltucher What was the motivation of the upcoming book? Is it to improve the lives of corporate workers or for those who don't feel they should go out on there own to at least take some control of their lives.
SF Ali
SF Ali@sfali789 · #1 Hunter (125,000+ products upvoted)
@jaltucher how can I help my friend who's having panic attacks in the week leading up to her board exams? I suggested the Daily Practice, breathing, noticing and separating from anxiety/fear/paranoia
James Altucher
James Altucher@jaltucher · Follow me.
@alisfny that's really the key. If she does that, that will work. But she has to really do it with consistentency and effort. Keep in mind, deep down she might want to be anxious for her board exams and there's nothing you can do about that.
SF Ali
SF Ali@sfali789 · #1 Hunter (125,000+ products upvoted)
@jaltucher THANK YOU JAMES! :)
Troy Shu
Troy Shu@troyshu
@jaltucher what are some of your best techniques for building daily habits? I'm reading "How To Be An Idea Machine" but haven't been doing the exercises daily...
James Altucher
James Altucher@jaltucher · Follow me.
@troyshu for me: it's knowing that i won't succeed at anything at all in life that I want to succeed at (e.g. I won't be able to help people) if I don't write down 10 ideas a day every day. And I can't write down 10 ideas if I'm not eating write, sleeping write, moving write, and have good relationships in my life , and grateful for what I have. They all work togetherr to create that magic cocktail of motivation.
Troy Shu
Troy Shu@troyshu
@jaltucher I appreciate the rely James! That makes sense, association of habits with strong emotions definitely helps
A Conrad Deas II
A Conrad Deas II@conraddeas · Creator, Encourager, Husband On Purpose
@jaltucher How do you purposefully make sure Claudia knows you love her without any hint of doubt? And if you don't now, how could you?
James Altucher
James Altucher@jaltucher · Follow me.
@conraddeas I always think of new ways to surprise her. And I always try to make sure she has the freedom to do what she loves, even if it doesn't involve me. Freedom is a gift you can't give, but it's a right you can take. Please don't ever take it.
Leigh Ann Smith
Leigh Ann Smith @leigh_ann_smith · Brave Creations
@jaltucher I've read you are not a huge fan of PR firms (maybe you like the little guys/gals better than, say the mega global firms?). If, say, you were in the early stages of a starting a boutique PR agency, how would you position yourself? What would you do that's vastly different, than what's being done? Where do you see room for innovation/improvement?
James Altucher
James Altucher@jaltucher · Follow me.
@leigh_ann_smith if I were starting a PR firm today I'd focus MUCH more on the founders of a company telling their personal stories and experiences in the industry and getting that out on Facebook, LinkedIN, Medium, TechCrunch, and whatever other sites they can get on. Process is just as much Art as the Art itself. And PR is art.
Evan Salveson
Evan Salveson@evansalveson
Hi James. Do you think it's okay to send ideas to someone via Twitter if I don't have their email address? Thank you
James Altucher
James Altucher@jaltucher · Follow me.
@evansalveson yes and no. Eventually when they follow you (which, if your ideas strike their fancy, they will) then you can have a dialog with DM or through their "people".
Irene
Irene@missirenea · Client service
How do I decide what business to start? A topic I love but am not an expert at? Or a topic I'm really good at but not super passionate about? Should I be healthy first before pursuing?
James Altucher
James Altucher@jaltucher · Follow me.
@missirenea Yes, be healthy. But also, make sure you are writing down the 10 ideas a day. You have to get to the point where you see an urgent problem an industry that nobody has solved yet. Then yu have a business and only then. And if you can't find that urgent problem, make the industry niche smaller.
Esben Johansen
Esben Johansen@fotoesben · Photographer
Hi @jaltucher, how has podcasting benefited your business?
James Altucher
James Altucher@jaltucher · Follow me.
@fotoesben podcasting has not benefited my business at all. I just love being able to call up Judy Blume and say, "hey, can I speak to her?" (so far she has said No but we'll see. I'm persistent).
Garin Etcheberry
Garin Etcheberry@garinetch · Founder @ WebsiteBuildParties.com
@jaltucher I have a close friend with two small children. He often tells me that he wants to make more money to support his growing family. I help him brainstorm ideas for side businesses but he doesn't have an entrepreneur mind. He's extremely smart, he just needs structure and security and starting something new freaks him out. So I think it would actually be irresponsible for me to encourage him too much in that direction. How would you help someone like this?
Brandon Finlen
Brandon Finlen@brandon_finlen · Builder. Hustler. Dreamer.
@garinetch Find him a operationally sound partner to help execute and build the foundation. I am currently bootstrapping a company while working full time. Build the foundation while you have a secure job and build from there - its a lot of work, but worth it.
James Altucher
James Altucher@jaltucher · Follow me.
@garinetch I agree with you Garin. My story: I started a business (when I was starting to have kids) but i stayed at my full time job for a full 18 months while running the biz (and family) on the side. I was very risk averse. A good entrepreneur is risk averse. Just like a good "entre-ployee". Both are paths to success and there's nothing wrong with pursuing both at the same time.
Manasvini Krishna
Manasvini Krishna@manasvinik · Indie hacker
@jaltucher One of the light-bulb moments I've had reading your writing (longtime fan!), something that made me wonder why I hadn't thought of that before, was about the fading away of gatekeepers - people who decide who 'gets in' and who doesn't. One of the examples you've consistently used to illustrate this is self-publishing. What would be others, especially for entrepreneurs/startups?
James Altucher
James Altucher@jaltucher · Follow me.
@manasvinik a very standard example: you have something you want to teach via video. You no longer need a TV show. You can have a youtube channel, you can then order products cheap, talk about them (demonstrate them) on your channel, sell them on a website. Examples: Cassey Ho, Michelle Phan, Mimi Ikonn, Mac Lethal, Casey Neistadt (who sells his brand advice) and so on. Another example: podcasting instead of radio. Uber instead of taxi service, Airbnb instead of hotels. And there are many sub-industries within these industries (e.g. help a brand create their YouTube presence).
Peter Kringdon
Peter Kringdon@peterkringdon · Content Strategist / Designer
@jaltucher How do you avoid fatigue when something you love to do becomes "work"? How do you stay excited about projects and ideas when the roadblocks, complications, and "reality" set in? To this point, how do you engage others when this cynicism sets in? Do you have any ways of evaluating when it's time to table something and move on?
James Altucher
James Altucher@jaltucher · Follow me.
@peterkringdon When life is tedious (work) it goes by very fast. You feel like, Geez, did 5 years just go by? So you always have to make sure you are meeting new people and having new experiences. Then life goes slow. Slow down time enough and you become immortal. That's how i stay in love with what I do. Because I have infinite time to explore it.
Peter W Murphy
Peter W Murphy@murphypeterw
@jaltucher What is your favorite scene from Peep Show? (The final series is in production right now)
James Altucher
James Altucher@jaltucher · Follow me.
@murphypeterw Hard to say. I've watched the entire series so far about 4 times, (all 8 seasons). I really love it all.
Sergio Aguirre
Sergio Aguirre@s3rgioaguirre
@jaltucher Do you think the Internet of Things or Artificial Intelligence business will have more user growth in the next 3-5 years?
James Altucher
James Altucher@jaltucher · Follow me.
@s3rgioaguirre the Internet of Things is probably multiplying by 4 every year. AI is just a part of that (pattern recognition, etc).
Heather Bowden
Heather Bowden@msheatherbowden
What activities and regular todos do you do with Claudia to ensure your lasting and strong relationship?
James Altucher
James Altucher@jaltucher · Follow me.
@msheatherbowden i think the most important thing in any relationship is honesty and communication. Always communicate what you like as nicely as you can. Always think ahead, "what is this person having difficulty with and how can I support it". Always remove your ego from it. What is best for the other person is always best for you - EVEN if they want to leave you.
Yi Seng Chan(Eason)
Yi Seng Chan(Eason)@yisengchan · Founder, A'LADY,TripBolt
@jaltucher in your opinion , which company you founded impact the most people?
James Altucher
James Altucher@jaltucher · Follow me.
@yisengchan I've invested in several companies that test for different cancers that I'm very proud of;. Also a company that tests for suicidal tendencies in returning veterans that has had remarkable success. I'm also very proud of some of the private tech companies I'm in although they aren't as world changing as solving cancer.
How do you start a business you know (well, studied passionately) but haven't built experiences around the topic? Thanks!
James Altucher
James Altucher@jaltucher · Follow me.
@misakouroco don't worry about starting a business. First worry about finding one customer who will pay you. Focus on customer, business will follow.
Binky Denniston
Binky Denniston@binkydenniston · Technology Consultant
@jaltucher it's very sad that the industry would take advantage of people. How can this not be deemed a scheme?
James Altucher
James Altucher@jaltucher · Follow me.
@binkydenniston Every industry has schemers and redeemers. That's why it pays to be a skeptic and ignore the news and do your own research to say what's right. Even when I write something, be a skeptic. IN part, b because it's fun
Manuel Silva
Manuel Silva@manuelfmfsilva · Founder and CEO of Soundcheck
@jaltucher What's the one thing one should do in order to find their passion? if you agree with this concept at least...
James Altucher
James Altucher@jaltucher · Follow me.
@manuelfmfsilva the very first thing to do to find your passion is to DESTROY the idea that you have "one" passion. Remember. the average successful person has at least seven different sources of income. Next, start listing the things you loved from the ages of 6-18. See how they've grown.
Del Williams
Del Williams@delwilliams · Founder, Thinking Anew Media
@jaltucher I just moved to DC, and I want to do something with foreign embassies and social media. Would I email or call for an appointment?
Monica S. Flores
Monica S. Flores@monicadear · Director of Digital Products
@jaltucher is there anything you're really scared to do? or does fear not bother you so much anymore?
James Altucher
James Altucher@jaltucher · Follow me.
@monicadear I don't really think about fear. For instance, right now I'm focused on this Q&A. I'm loving it. What is there to be afraid of right this second?
Kris Costello
Kris Costello@kriscostellowtr · Wellness Talk Radio
Saw the question earlier about how you could have saved your dad. How could you having more money could have saved him?
James Altucher
James Altucher@jaltucher · Follow me.
@kriscostellowtr There were tests for stroke victims that maybe I could've paid for. Instead, insurance cut him off and i dint have enough money to stop it.
HalfSpirit
HalfSpirit@halfspirit · Biz dev and startup enthusiast.
Do you have regrets about your experience in finance?
James Altucher
James Altucher@jaltucher · Follow me.
@halfspirit I don't have any regrets about my experience in finance. I wonder sometimes what lifeworld be like if I chose different paths but ultimately I know now a lot about something that is important to a lot of people. SO I can help people.
John Reynolds
John Reynolds@reynolds_wrap · director
Hey James @jaltucher thx so much for answering my road map?... #inspired
ChessVision
ChessVision@chessvision · Chess Vision CEO
If you had the option to play chess with one of the all-time​ greatest chess players, who would you choose to play and why?
James Altucher
James Altucher@jaltucher · Follow me.
@slavtzachi Honestly, Paul Morphy. Only because I'm really curious to see if the best player of the 1800s would be a better than decent player now.
ChessVision
ChessVision@chessvision · Chess Vision CEO
@jaltucher Wow, beautiful answer. Well, I think he would be a decent player but not top level. Since we live in a global world, competition is stronger. Also, with the help of computers and years of knowledge, players are better nowadays​.
Alexandre Marcondes
Alexandre Marcondes@arlm · Android & iOS Developer
@jaltucher When one have success opportunistic people happen to appear, something like vultures looking for flesh do devour (maybe I got a little intense on the description ;-) ). How do you cope/deal with these kind of people that lurks on the corners waiting for you to grab some advantage?
James Altucher
James Altucher@jaltucher · Follow me.
@arlm You have to learn to say "No". Practice it on small things first. But "No" will be the biggest difference between making and saving millions or losing millions.
Alexandre Marcondes
Alexandre Marcondes@arlm · Android & iOS Developer
@jaltucher And what about how to differentiate the opportunistic people from the real good willed people? Do you look for something in order to be able to identify them?
James Altucher
James Altucher@jaltucher · Follow me.
@arlm I'm not always the best judge of character. I think, though, if you wait long enough, people will show you who they are. Are they reliable? Do they integrity? DO they judge people? Start with those characteristics and you probably have a good person on your hands.
Alexandre Marcondes
Alexandre Marcondes@arlm · Android & iOS Developer
@jaltucher Thank you very much!!! By the way I love your books and newsletter. Keep the excellent work ;-)
Kris Costello
Kris Costello@kriscostellowtr · Wellness Talk Radio
Yes, healthcare, a huge issue. I'm going through this with someone I love right now and it is so painful. I've Interviewed hundreds of holistic doctor's over the years and with this person being a 'nasa/old school' guy he's only interested in conventional treatments/medicine. Breaks my heart to watch his decline and have no ability to make a difference. In many ways seems like a cruel joke, to have all of this information and not make a difference for the people I love. Thank God for that one 'alcoholic guy' that wrote in years ago and said I had "saved his life". Otherwise I really couldn't make any sense of it. Thank you for your blog, it really provides a lot of inspiration.
James Altucher
James Altucher@jaltucher · Follow me.
@kriscostellowtr I just read some scientific research about diabetics that went on a ONE WEEK all-plant, all raw diet, no sugar. All the people ended their medication after a week and the diabetes hasn't come back. So science is starting to get it. But maybe not yet the antibiotic-surgery-driven medical industry
Kris Costello
Kris Costello@kriscostellowtr · Wellness Talk Radio
@jaltucher yes indeed,I've reversed my own serious disease with 'food medicine....' I've had 10 yrs of 'proselytizing' that message, but those closest to me don't want to hear it, and it's enough to make me want to quit. Too much 'dissonance!' Too painful!
Ovi Negrean
Ovi Negrean@ovinegrean · Founder @SocialBeeHQ
@jaltucher - it was great to meet you in London. How can we get you to come back to Europe again? And what country would you and Claudia want to visit while in Europe? :-)
James Altucher
James Altucher@jaltucher · Follow me.
@ovinegrean Ovi, it was great meeting you as well. Iceland!
Ovi Negrean
Ovi Negrean@ovinegrean · Founder @SocialBeeHQ
@jaltucher Iceland sounds cool! (phun intended) so might be we meet there next time - it is on my to visit list anyway :)
Startup Island
Startup Island@startupisland_ · Startup Island
What is the most efficient way to build your personal brand? Guest post? Write? Videos? Write a book?
James Altucher
James Altucher@jaltucher · Follow me.
@startupisland_ it's really up to you what medium you like best. For me it was 15 years of guest posting.
James Lethem
James Lethem@sycren · Head Mentor of Google Launchpad
Hey @jaltucher 3 questions: - What makes you happy? - When you have lost direction, what gets you back on your feet again? - And I'm writing an article on this - How would you define 'innovation' based on your own experiences?
James Altucher
James Altucher@jaltucher · Follow me.
@sycren for #1 and #2 its what I call the daily practice: every day focusing on 1% improvement in physical health emotional health creativity/mental health and spiritual health. Innovation: anything that solves an urgent problem for one person.
@jaltucher You know this one. :) What important truth do very few people agree with you on?
James Altucher
James Altucher@jaltucher · Follow me.
@bodoyo we know maybe 0.01% of the questions and only 0.0000000000000000....00001% of the answers. There's no way to close the gap but it's worth trying.
AJ
AJ@alanaut24 · Engitrepresigner
@jaltucher I have tons of ideas but have never been able to make money from any them for many reasons. How do you go from idea to money when you care so much about what / how people will benefit from your idea?
James Altucher
James Altucher@jaltucher · Follow me.
@alanaut24 be disciplined about the ten ideas a day every day. don't try to coe up with good ideas every day. but every now and then send your ideas to companies you can help. don't have any expectations on the results. One out of 50 will get back to you. And one out 10 of those will pay you money. But then it's worth it .
AJ
AJ@alanaut24 · Engitrepresigner
@jaltucher Thanks James!
Kate
Kate@katesegrin · Head of Social @ GitHub
@jaltucher has being a writer and adopting a more anitfragile career/outlook been one of the main contributing factors to your sustained re-growth?
Ty Martin
Ty Martin@tymrtn · Founder, Turf.ly
@jaltucher I feel like you've probably got a good idea as to the meaning of life. Can you share your vision (or should we just read one of your books!)? Love your writing btw.
2we3e
2we3e@deleted-294866 · we28ygue2if
@jaltucher Hey James,I enjoyed your article about why you shouldn't going to college just a question about it, usually people go to college because it has to be like that, your friends are going too,social pressure,etc .What do you think that people should do instead going to college? Do you think that the time instead will be harnessed ?
Kate
Kate@katesegrin · Head of Social @ GitHub
@fdoloresc James commented earlier on a similar question of mine, and spoke to this point in a brilliant Medium article. Essentially, instead of school, just start creating and DOING! Want to program, want to write? Start programming, start writing! Customers and money will follow if you prove your passion and value.
Tony Xiao
Tony Xiao@tony_xiao · Product Guy
How do you keep yourself afloat during the bad times?
Jason Hitchcock
Jason Hitchcock@jasonhitchcock · Problem Solver @ Bebo
@jaltucher Good interviewers are able to ask the questions that unlock information from the interviewee. I was so impressed with your interview with Rick Ross, and you mentioned how much went into the prep. Can you elaborate on your standard process for interview prep? The more detail the better.
Corley
Corley@corleyh · COO @ Product Hunt
@jaltucher Thank you so much for chatting with us today. Mind blowing! And thank you to everyone who joined us! We loved having all of you! 😻
@jaltucher If you had to live your life over again, what one thing would you change?
Brett Watson
Brett Watson@brettewatson · Learner
@jaltucher I am deeply interested in highly technical fields that I foresee being huge industries in the future (eg: automated vehicles, hyperloop, etc), but I am non technical (I do marketing). How can I break into companies that are reserving spots only for essential/technical people before they get big?