James Altucher: Debunking the 10,000-Hour Myth, How to Master Any Skill | Productivity E275

Young and Profiting with Hala Taha

YAP Media Network | Hala Taha

Entrepreneurship, Business, Marketing

4.8 • 1.5K Ratings

🗓️ 4 March 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

After selling his first company for a staggering $15 million, James Altucher lost everything within two years. But instead of letting that setback define him, he forged his own unconventional path to success, embracing failure and constant experimentation. Not only has he built a career as a successful serial entrepreneur and thought leader, but he's also a chess master and stand-up comedian. In today’s episode, James will share his transformation story, techniques for attaining mastery quicker, and how you can forge your own path to success. James Altucher is a multifaceted entrepreneur, renowned LinkedIn influencer, prolific writer, and venture capitalist. He is involved in over 30 companies across diverse fields including tech, energy, healthcare, and biotech. James's writing career boasts over 20 books, including Skip the Line and the Wall Street Journal bestseller Choose Yourself. In this episode, Hala and James will discuss: - Skipping the line to mastery - The concept of choosing your own life - Balancing passion & profitability - The idea that you don’t have to be the best - When it’s okay to sacrifice money - The 10,000-experiments rule versus the 10,000-hour rule - Experimenting to leapfrog over normal learners - How to become the top 1% in any field - The importance of executing cheaply and quickly - And other topics… James Altucher is a multifaceted entrepreneur, renowned LinkedIn influencer, prolific writer, and venture capitalist involved in over 30 companies across diverse fields including tech, energy, healthcare, and biotech. No stranger to failing, he's launched 20 businesses, 17 of which failed. James's writing career boasts over 20 books, including Skip the Line and the Wall Street Journal bestseller Choose Yourself, ranked second among the 12 Best Business Books of All Time by USA Today. His writing has been featured in The Financial Times, Forbes, The Wall Street Journal, TechCrunch, and The Huffington Post. Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Rakuten - Start all your shopping at rakuten.com or get the Rakuten app to start saving today. Porkbun - Get your .bio domain and link in bio bundle for just $5 from Porkbun at porkbun.com/Profiting Justworks - Start your free month now at justworks.com/profiting Indeed - Get a $75 job credit at indeed.com/profiting Economist Education - Go to education.economist.com/PROFITING and enter my promo code PROFITING at registration to get 15% off any course from Economist Education. This offer ends on March 31st – don’t wait! Airbnb - Your home might be worth more than think. Find out how much at airbnb.com/host Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap Youtube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new Entrepreneurship, entrepreneurship podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Startup, mental health, Career, Leadership, Mindset, Health, Growth mindset, Productivity, Work-Life Balance, Work Life Balance, Team Building, Motivation, Mindset, Manifestation, Time Management, Life Balance, Goal Setting, Goals, Resolutions Learn more about YAP Media Agency Services - yapmedia.io/ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today's episode of Yap is sponsored in part by Racketon, Factor, Robin Hood, Airbnb, Shopify, RocketMoney, and Indeed.
0:08.0	Get the Racketon app now and join the 17 million members who are already saving.
0:12.8	Cashback rates change daily. See rackaten.com for more details.
0:17.2	Eat smart and fuel your wellness goals with Factor.
0:20.1	Get started at FactorMeals.com
0:22.0	and use CactorFodcast to get 50% off your first box plus free shipping.
0:29.0	With Robin Hood Gold, you can now enjoy the VIP treatment, receiving a 3% IRA match on retirement contributions.
0:36.4	To receive your 3% boost on annual IRA contributions, sign up at
0:40.6	Robinhood.com slash gold. Hosting on Airbnb has never been easier with Airbnb's new co-host network.
0:48.5	Find yourself a co-host at Airbnb.com slash host. Shopify is the global commerce platform that helps you grow your business.
0:56.5	Sign up for a $1 per month trial period at Shopify.com slash profiting.
1:01.7	Rocket Money helps you find and cancel your unwanted subscriptions, monitors your spending, and helps lower your bills.
1:08.3	Sign up for free at rocketmoney.com.
1:11.5	Attract interview and hire all in one place with Indeed. helps lower your bills. Sign up for free at rocketmoney.com slash profiting.
1:14.7	Attract interview and hire all in one place with Indeed.
1:19.3	Get a $75 sponsor job credit at Indeed.com slash profiting.
1:20.8	Terms and conditions apply.
1:25.3	As always, you can find all of our incredible deals in the show notes or at young and profiting.com slash deals.
1:27.6	What does it mean to master something and to get good at something?
1:31.3	Well, a lot of people say that you have to pay the dues to be the best in the world.
1:34.8	And I say, listen, there's no dues to pay.
1:37.3	That's just a myth.
	...

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