504x [Bonus] - Never Go Broke Again: Humble The Poet and I Talk About Our Biggest Investing Mistakes. And The 2 Changes That Helped Us Create Real Wealth

The James Altucher Show

James Altucher

Education, Business

4.6 • 2.7K Ratings

🗓️ 11 November 2019

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Humble The Poet was scared of going broke again. It was his biggest fear. So he made some necessary changes. And now he's sharing them with you. We recorded this as a quick minisode. It started by accident. We were just talking. And then I looked at my audio engineer. "Are you recording." Yes. Here's the clip. I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast. Thanks so much for listening! If you like this episode, please subscribe to "The James Altucher Show" and rate and review wherever you get your podcasts: Apple Podcasts Stitcher iHeart Radio Spotify Follow me on Social Media: YouTube Twitter Facebook Linkedin Instagram Check Out The Altucher Book Club Series: Apple Podcasts YouTube Instagram ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.4	This is the James Altiger Show on the Choose Yourself Network.
0:12.4	Today on the James Altiger Show.
0:15.0	What do you think has been one of the biggest mistakes or lessons that you've acquired
0:20.0	going through this process of kind of investing?
0:23.4	The biggest mistake is thinking I am smart or something.
0:27.4	So you're only really smart at what you've done yourself personally.
0:34.4	And then you're a little bit smart from the books you've read and so on.
0:39.4	But you know, really keeping in mind that you're always very stupid in every other area of life.
0:46.4	And there are people who are experts and they're going to destroy you in investing.
0:52.8	And they're going to just eat you alive.
0:55.6	So that's why investing in yourself to have access to be able to travel around,
1:00.2	have time to talk to people so that you could find the smart people,
1:04.2	see what they're doing and then piggyback what they're doing.
1:08.0	That's always the best investment.
1:09.4	So when I actually make a cash investment in something,
1:13.0	it's usually because I'm following someone who's 100 times smarter than me in that area.
1:17.2	I think that's great.
1:18.0	I think there's also a great philosophical, just way to approach life.
1:21.6	Hearing that said recently as well,
1:23.4	like you are special at maybe one thing,
1:26.0	but you're not special at everything else.
	...

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