The Power of Being Young & Dumb | Tom Bilyeu AMA

Tom Bilyeu's Impact Theory

Impact Theory

News Commentary, News, Business

4.7 • 5.2K Ratings

🗓️ 6 June 2018

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tom answers questions from the community. Impact Theory is proudly sponsored by: Blinkist. Visit www.blinkist.com/IMPACT to try out the premium service completely free for 7 days! ButcherBox. Use the discount code: "IMPACT" at butcherbox.com to get 20$ off and FREE BACON Skillshare. Start learning on Skillshare today at skillshare.com/impact BOOKS MENTIONED The Rational Optimist by Matt Ridley: https://amzn.to/2JvJB5a [29:24] PEOPLE MENTIONED Kevin Kelly Episode: http://bit.ly/2sAhqZ4 [1:01] Tom’s Goalcast Episode: http://bit.ly/2JvZaK1 [15:55] QUESTION TOPICS Tom gives his take on traveling the world as a way to cultivate intrinsic growth [0:12] Tom’s process to get guests when he started Inside Quest [5:27] How you can pursue your passion and go against cultural pressure [8:08] Tom gives advice on how to ask for funding from investors [11:34] Should I focus on creating capital or creating value? [15:51] The process of finding a mentor and interning for them [18:11] Tom says who his favorite poet is [23:52] How to be a successful parent and follow your dreams at the same time [24:17] MISSING CARD How you can get rid of fear of the unknown [28:21] Tom explains his belief in a higher power [31:53] Is it better to pay off debt first or pay family and friends first? [35:02] Is getting a master degree 'just cause’ worth it? [36:30] Tom gives advice for someone looking to move to the U.S. [37:32] Tom explains why and when he gives out equity in his company [38:39]

Transcript

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0:00.0	What is up everybody? Welcome to another episode of AMA Live. I'm your host Tom Billiou
0:05.0	and we're gonna take your question so fire away. Let me know what you want to talk about and the first question comes from
0:12.1	Venkat Iangar. This came in via the Connect Inbox which by the way you can always submit
0:17.0	there as well ahead of time and
0:20.2	He or she says I just turned 27 and I want to take advantage of my youth and lack of responsibility
0:26.3	I want to spend a year traveling in the blind faith that I'll have various encounters with people culture etc
0:33.8	Am I being too naive? I know that the only way to really find your passion is by actually trying out different things and seeing what sticks and
0:41.6	What doesn't?
0:42.6	Do you think this year or more of traveling in the hopes that I'll magically figure things out is the way to go?
0:49.7	Sort of so I think that there is
0:52.7	tremendous power of being naive and I think to being young and dumb actually works to your advantage
0:59.0	Kevin Kelly has an amazing concept Kevin Kelly is the founder of Wired magazine and instead of going to college
1:05.9	he dropped out and loaded a backpack full of
1:11.8	film for his still camera and wandered around Asia all over
1:17.6	Asia in the Middle East and taking photos and it's pretty extraordinary
1:23.4	What he was able to like learn about himself well?
1:27.2	He was going the photos that he created are absolutely just unimaginably beautiful and he was filming what he thought were
1:35.0	disappearing
1:36.1	cultures and rituals and so it's just really really interesting and in that process of
1:42.8	Fumbling around of literally getting lost of figuring out what he loved of
1:47.6	Dealing with things like homesickness and how to make money while you're traveling because he literally
1:54.0	Didn't even have enough money to seem through the journey and so he would have to like teach English in places and
	...

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