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#13September 4, 201956:05

#11 - Clawing Back From $250K Debt at 20

Door-to-door sales psychologyThe 2008 Global Financial CrisisThe fundamental flaws of fiat currencyWhy 'blockchain' is a distraction from Bitcoin

About This Episode

Shaan Puri interviews Aleks Svetski, who details his journey from falling $250,000 into debt at age 20 to making his first million through door-to-door sales and a solar energy empire. The episode explores Svetski's pivot into the Bitcoin space and his contrarian perspective on why Bitcoin is the only relevant application of blockchain technology.

Episode Description

Aleks Svetski (@AleksSvetski) wanted to be a millionaire by 20... and he was on that path. He turned his $5K textbook money into more than $50,000 in the stock market! Until the 2008 global financial crisis hit... he didn't just lose all his money, he was negative quarter of a million. This setback ignited his entrepreneurial spirit where he started a door knocking hustle to get out his debt and make that cool million. Again, until the government betrayed his business and he went back to square one becoming a hippie on a sabbatical... and now he's back again with the lessons he's learned with his newfound passion: Bitcoin.  See acast.com/privacy for privacy and opt-out information.

Key Takeaways

1

Master the first 30 seconds of sales by using 'mirroring' and 'pattern interrupts' to build immediate rapport with cold prospects.

2

Invest in assets with asymmetric upside using dollar-cost averaging to eliminate the psychological and financial risks of market timing.

3

Build businesses that act as value-added layers on top of robust, decentralized protocols (like the Internet or Bitcoin) rather than trying to recreate the base layer itself.

Featuring

AS

Aleks Svetski

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Quick Stats

Duration56:05
Guests1
Ideas Discussed0
Topics4