561 - How to Supplement your Income with Money Betting FOR or AGAINST Trump with PredictIt.Org Co-FounderJohn Phillips

The James Altucher Show

James Altucher

Society & Culture, Talk Radio, Writer, Philosophy, Comedy, Chess, How To, Entrepreneurship, Jay, James, The James Altucher Show, Altucher, Author, Jay Yow, Education, Jay The Engineer, Business, James Altucher

4.6 • 2.7K Ratings

🗓️ 17 March 2020

⏱️ 96 minutes

🔗️ Recording | iTunes | RSS

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Summary

Everyone believes their own opinion. Fact based. Or not. We're all (somehow) political "experts." But the truth no one really knows anything. It's all speculation. But you put your opinion to the test if you get skin in the game. Which is possible now thanks to John Phillips who co-founded the site PredictIt.org. I go on there to place bets on everything from how many tweets Trump is going to make on a particular day or around a specific news event to who will win the primary. And who will win the election. The site is great because it lets you see how right you really are. And you can make real wealth if you’re right. It’s not just betting. It’s more like a stock market. You want to buy low. And sell high. So I asked John on the podcast if he’s ever seen people make $50,000 on the site. He didn’t flinch, “Oh yeah. People have quit their jobs.” I want to help people understand what's happening in the world right now. We're all scared. But we don't have to be. Let's get the information. And go from there. I called up John Hopkin's Dr. Marty Makary to get straight information on coronavirus. He answered all my questions (many of which I get from you). So give it a listen. And you'll start to feel (hopefully) more calm and capable. Here are the links Apple Podcasts: https://podcasts.apple.com/us/podcast/the-james-altucher-show/id794030859 Spotify: https://open.spotify.com/show/0Tqw1AaZyrZ7kWnrNSgbNQ YouTube: https://www.youtube.com/watch?v=ZVwj3odtZ4Y Also! A lot of you have been writing me and tweeting to say you love this episode with my friend Bill Beteet. Ep. 555 - How to Persuade Anyone of Anything with William Beteet III He's giving my listeners a special deal to his new course and if you're stuck at home in isolation, now is the perfect time to let yourself learn or improve a skill. So definitely take him up on the offer while you can. All the information is at www.framescholar.com/james And here's the link to the episode Apple Podcasts: https://podcasts.apple.com/us/podcast/555-how-to-persuade-anyone-anything-william-beteet/id794030859?i=1000467302479 Spotify: https://open.spotify.com/episode/1Ko04h3dTu4xQAIPLUT4vz YouTube: https://www.youtube.com/watch?v=u925CgWQgG4 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

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.
0:10.0	Today on the James Altiger Show.
0:15.6	When you have skin in the game, it clears your head.
0:18.6	And I don't care if it's $1,000 or it's $10.
0:21.6	You put even the smallest bit of money on an event occurring or not occurring.
0:27.0	You suddenly pay a lot of attention.
0:29.4	You're laser focused.
0:30.6	It's so fascinating.
0:31.8	It is.
0:32.4	Look, the thing people are trying to discover more or less is what makes a super
0:38.2	forecaster.
0:39.4	And it can you teach those skills or habits.
0:43.2	And then the other piece of it is defining a super forecaster.
0:46.2	You don't need to pick ahead of the event in order to make a killing in the stock market.
0:52.2	If you know six minutes in advance that something's going to happen, that is coin of the
0:57.8	realm.
0:58.8	That is hugely valuable.
0:59.8	What's the most you've seen someone make on predicted?
1:02.0	Like, as anyone pulled out like $50,000 that are predicted?
1:05.0	Oh, yeah.
1:06.0	Even though $1,000 is the max you could put in.
	...

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