How to make $11 million by failing (James Altucher, founder, Choose Yourself Media)

Channels with Peter Kafka

Vox Media Podcast Network

Business News, News, Tv & Film, Technology

4.4 • 585 Ratings

🗓️ 5 January 2017

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Choose Yourself Media founder James Altucher, an entrepreneur and author of several advice books, talks with Recode's Peter Kafka about the importance of learning from failure in life and business. Altucher twice went from being a multimillionaire to nearly broke, and currently does not own a home even though his company grossed $11 million last year. He says people should consider the alternatives to things like buying a house, going to college and reading the news, focusing instead on the things that will directly affect their lives. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Today's show is sponsored by Mac Weldon.
0:02.6	They make the most comfortable hoodies, sweatpants, underwear, and socks you'll ever wear. I just took a look at their new line. They got new cool stuff coming up in 2017. You will like that too. I'm wearing the socks right now because I always podcast in Mac Weldon's eye. What do you think of those games at Elchor? They look good, actually. Are they comfortable? They're super comfortable. Are they warm? It's really cold.
0:20.8	They're really warm.
0:21.8	That's one of the reasons I like them on a cold day.
0:23.4	Mac Weldon, I never heard of them. They look good, actually. Are they comfortable? They're super comfortable. Are they warm? It's really cold. They're really warm.
0:21.8	That's one of the reasons I like them on a cold day.
0:23.8	Mac Weldon.
0:24.2	I never heard of them.
0:25.1	Now you have.
0:25.8	And now you know we're going to buy them. Macwellden.com. Get 20% off with the promo code recode. That's macwellden.com. promo code recode. If for some reason you bought these socks, you didn't like them, you get to keep them.
0:36.5	They'll send you the money back. What do you think about that?
0:38.1	All right. You go to macwellden.com. you the money back. What do you think about that?
0:38.1	All right.
0:38.5	You go to macwellden.com. He's the promo code recode. That helps me. It helps people like Jim. And it helps you because you will enjoy your MacWolden socks, hoodie, sweatpants, and underwear. That's Macwellden.com. Promocode recode. This is Recode Media, Peter Kafka.
0:53.2	That's me.
0:53.8	It's powered by digital media.
0:54.9	That is a real company with a funny name.
0:56.8	I'm here with James Alchior. James, did I pronounce your name correctly? It's good enough, but I always prefer it's like I'll touch her fast. I'll touch her. James Altiture. We'll touch her. Now I've got to re-record the whole podcast. We've already committed all sorts of HR problems.
1:11.4	Thank you for joining us.
1:12.4	Peter, I am so happy to be on here.
1:15.5	I'm a big fan of Recode and a big fan of yours through the years.
1:19.8	And we met a decade ago, a decade one month ago at the Financial Follies in November 2006.
	...

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