Comments: 3136 • Responses: 74 • Date: 2013-06-06 16:44:22 UTC
jamesaltucher1472 karma2013-06-06 17:45:38 UTC
I hate to say it: but yes it does.
View HistoryShare Link
jamesaltucher752 karma2013-06-06 17:45:57 UTC
Shae, thanks so much. I'm glad things are going better now.
jamesaltucher714 karma2013-06-06 17:03:52 UTC
Your best new customers are your current customers.
Get a waiters paid.
Go to a cafe with the pad.
At the top of each page put the name of a current customer. Write down 10 - 15 ideas of additional services you can provide each customer. Even if it has nothing to do with your current biz.
Then offer those services. Be more and more indispensable. This will generate more loyaly, more money, and word of mouth will get you new customers.
jamesaltucher598 karma2013-06-06 16:58:02 UTC
1) Buying a house. People always forget:
a.) a house is an illiquid investment so you cant get your money back when you need it most
b) there's millions of hidden costs when you buy a house
c) the bank owns your house. not you. When you sell your soul to a bank, you reap what you sow.
d) "choosing yourself" requires freedom. the white picket fence becomes a prison bar.
2) I put $2mm into a wireless device company that didn't work out. But in general I kept doubling down everywhere because it wasn't any one bad investment but a psychology that I needed MORE to be happy. Choosing Yourself requires a philosophy that LESS actually creates abundance in life.
jamesaltucher587 karma2013-06-06 17:29:59 UTC
Then they refused to lend it to me. So I hung up and didn't speak to them. Then six months later I still hadn't spoken to them. My dad had a stroke and died. That didn't feel too good to me.
jamesaltucher497 karma2013-06-06 17:58:01 UTC
yes. i call it "the daily practice" but really its my practice. What works for you might be different. In the book I also describe a "simple daily practice" to ease into it.
Do all of the above for six months. I guarantee its like magic what happens then. Please try it. I dont care if you buy my book or not. Try the above.
jamesaltucher444 karma2013-06-06 17:02:37 UTC
Forget everything in your question. Forget these words: "business world" , "degrees", "colleges", "tough".
Here's what you do: every day try to figure out ten ideas that will create value for people. You need to build the idea muscle or it atrophies like any other muscle. School doesn't do that. School atrophies your brain.
Don't expect your ideas to be good. After about six months they will start ot be good. Become an idea machine. help people. Eventually charge people to help them. Now you are in business. Take a fulltime job so you can get paid while you are building your idea muscle.
introduce 2-10 people a day to each other who you think can help each other. Build out your network this way. Deliver value.
That is your schooling. Nothing else will ever work.
jamesaltucher359 karma2013-06-06 17:54:48 UTC
Sure. That's a different story. Thats less than 1% of people. But even then, you can rent fantastic places then, keep most of your cash, and be able to move whenever you want. I choose freedom!
jamesaltucher331 karma2013-06-06 18:03:47 UTC
how to fail. We reward kids who get As in school. This is horrible. Kids need to know how to get a C- and what it means and how to learn from it.
Second, most kids have no clue how to sell an idea. How to communicate. Creativity is not nourished.
jamesaltucher314 karma2013-06-06 17:53:18 UTC
The best thing I ever did with my money was just keep it in cash. Cash in the bank lets me know i can watch the river in the morning and not worry about money. Money doesn't solve all your problems but it solves your money problems.
More important to buy memories than materials.
Copyright © 2014 BestofAMA.com, All rights reserved.
reddit has not approved or endorsed BestofAMA, reddit design elements are trademarks of reddit inc.