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Tom Bilyeu's Impact Theory

#170 Andrew Yang On Renovating the American Economy | Impact Theory

Tom Bilyeu's Impact Theory

Impact Theory

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.75.1K Ratings

🗓️ 5 May 2020

⏱️ 55 minutes

🧾️ Download transcript

Summary

Andrew Yang shook up politics in 2020 by running for president as an optimistic, data-driven entrepreneur who was simultaneously more aware of the dark side of American capitalism than any of the other candidates. And he has not relented on his mission to help people learn to kick ass in every area of their lives, while at the same time constantly pointing out the demented ways that our economic and educational systems squash initiative and produce financial insecurity. On this episode of Impact Theory, Andrew Yang and Tom Bilyeu engage in an eye-opening discussion of the current recession, our long-term decline in entrepreneurship, and what individuals can do right now to make it through tough times. This episode is brought to you by: Impact Theory University: university.impacttheory.com Mack Weldon: For 20% off your first order, visit mackweldon.com and enter promo code impact Policygenius: policygenius.com SHOW NOTES: Andrew and Tom discuss the ways that being entrepreneurs have defined them [1:20] Andrew talks about why entrepreneurship is in such serious decline [4:24] Andrew explains that the economy doesn’t line up success with actual value [10:21] Tom shares the story of how he became obsessed with skill sets and mindset [14:59] Andrew describes the family conditions that make it hard for many people to succeed [19:33] Tom and Andrew discuss Geoffrey Canada and early learning [26:21] Andrew talks about how out of date and unresponsive the education system is [29:25] Tom explains why he stopped cheating in college, and focused on acquiring skills [34:06] The job market has systematically gotten more punitive and volatile [36:21] How can you protect yourself from the current economic recession? [41:47] Andrew and Tom discuss positive advice for making it through tough times [43:15] Andrew talks about what he’s reading right now [46:56] Tom and Andrew express their admiration for each other [49:03] Andrew shares the impact he wants to have on the world [53:23] QUOTES: “When I was the CEO of my company, I felt like I was the head of a family, of a really big household.” [1:56] “I would want to team up with Mike Rowe of Dirty Jobs and be like, look, these jobs are awesome. We have a massive shortage of people to fill those jobs. And we have an overabundance of people who are going to college.” [31:36] “It doesn’t feel like it. But just try to help someone. Just by helping someone, it will end up making you stronger. You will end up building connections and a sense of value.” [46:19] FOLLOW: WEBSITE: yang2020.com INSTAGRAM: https://bit.ly/2yfKSKd FACEBOOK: https://bit.ly/2Szl2aV TWITTER: https://bit.ly/2SvFvgI

Transcript

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0:00.0

your listening to impact theory impact theory impact theory impact

0:05.1

baby everybody welcome to impact theory today's guest is Andrew Yang he's an

0:11.3

entrepreneur and former presidential candidate turned philanthropist and

0:15.1

CNN political commentator the Obama White House named him a champion of

0:19.7

change in 2012 and his fresh take on the fault in the current model of capitalism

0:24.9

paired with his data driven human first approach to business saw him enlisted

0:29.9

as a presidential ambassador for entrepreneurship in 2015 now despite having

0:35.0

suspended his twenty twenty bid for the presidency he is nonetheless providing

0:39.9

a vision for how we move forward through his podcast yang speaks and his

0:44.8

philanthropic initiatives including his most recent project humanity forward

0:49.6

Andrew welcome to the podcast man oh thanks for having me so I appreciate it

0:54.7

dude I'm super excited to have you on the show watching you go through the

1:00.5

process of running for presidency I was really excited I was really excited by

1:06.5

the way that you think by the way that you let data drive your decisions I'm so

1:11.0

obsessive about that here in my company I will say that I understand the impulse

1:16.2

as an entrepreneur because there is something very very particular and

1:22.8

important to starting a business running a business making payroll being

1:27.2

responsible for an organization it is its own process and it's certainly to

1:33.6

find me as an adult really when when I was the CEO of my company I felt like I

1:40.0

was ahead of a family ahead of a really big household no question it when you

1:46.6

really stop and take on that kind of responsibility and you take on the fact

1:51.2

one thing that I've said about being an entrepreneur is when your house is on

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