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#78May 20, 20201:02:33

#76 with James Altucher - Making and Losing Millions Over and Ov…

About This Episode

James Altucher joins the podcast to share his volatile history of making and losing multiple fortunes, detailing the psychological toll of financial failure and his recovery frameworks. The discussion covers his '10 ideas a day' habit, his passive approach to angel investing alongside smarter experts, and strategies for building a loyal audience through vulnerability.

Episode Description

Today's episode is possible because of Superside! Head to www.superside.com/mfm to hire a dedicated team of designers for your project! Joined our private FB group yet? It's a page where people share each others million dollar ideas or what they're already working on: https://www.facebook.com/groups/ourfirstmillion. Today, Sam (@thesamparr) and Shaan (@shaanvp) chat with James Altucher (@jaltucher). James is an entrepreneur, hedge fund manager, podcaster, writer and stand-up comedian. He has founded and sold companies for millions and lost his fortune over and over. He's always found a way back and today he shares all the lessons hes learned along the way. Today's topics include: (1:50) James talks about his background (6:05) James explains the companies he started and how he made his money. (19:10) James became a much better investor when he started investing alongside much smarter investors. (21:30) The challenges of selling a company. (29:14) James explain why he kept losing his fortunes and what he did to start managing his money better. (32:48) How James’ happiness fluctuated as his fortunes rose and fell. (38:35) James discusses what he does today

Key Takeaways

1

Strengthen your 'idea muscle' by writing down 10 ideas every day to rewire your brain for creativity and opportunity recognition.

2

Adopt a low-risk angel investing strategy by exclusively co-investing with people smarter than yourself who have already completed the due diligence.

3

Build authority and a following by sharing unique, vulnerable perspectives and offering 99% of your content for free before introducing paid subscriptions.

Business Ideas Mentioned

Micro-Influencer Content Monetization Ecosystem

Creator Tools

Modernized Classic Board Game Derivatives

E-commerce

Enhanced Video Communication Feature Suite

SaaS

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Quick Stats

Duration1:02:33
Guests1
Ideas Discussed3
Topics4

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