The podcast is called the “James Altucher Show.” I highly recommend it.
The most recent listen was a Kevin Kelly interview.
Kevin Kelly, is what Tim Ferriss likes to call, “The Real Life Most Interesting Man In The World.” He is a true jack of all trades, and master of many. Kevin is the founding executive editor of Wired Magazine. He is the author of multiple books ranging from technology to busniess and marketing to science to spirituality to fiction. He is a world traveler and life long learner of business, writing, and different culture and philosophies.
James conducts a fantastic interview, in which Kevin opens up the portal and gives so much value.
Here are the 12 insights from this listen:
1. Invent your life.
2. Act as if you were a millionaire already: It doesn’t matter if you have no money. Act like you already have that amount of money. Do the things you would do if you were a millionaire.
3. Having no money is an ASSET: Regarding #2 – Kevin acting like a millionaire. However, Kevin had no money. What he found was having no money was actually an ASSET. This is because people with money, would try to BUY SOLUTIONS. If you have no money, you are forced to INVENT SOLUTIONS.
4. One stage of your life, live on the bare minimum: By living on the bare minimum, you’ll gain perspective about living extremely frugal. Then, you are able to take risks in business or life. You’ll be ok because you know how to live on the bare minimum; out of a backpack, or sleeping bag. A less extreme example would be being ok with no luxury expenses AT ALL in your life, just the necessities.
5. Take Risks: Quit your job you hate. Rise up in the job you love. Start your dream business. Write a book. Backpack the World for 1 year. Go on a camping trip on the Appalachian Trail without a return date. Remember you’ll be ok, because you know how to live on the bare minimum.
6. It’s not fear of failure, it’s fear of squandering the privilege: Kevin wasn’t afraid of failure. He was ok with taking risks and if those risks crashed and burned (again because he was ok living on the bare minimum). What he did fear was squandering his privilege. Kevin was born in the U.S. and had a U.S. Passport. While he was traveling the World, he always had option to go back to U.S. and live the American way. Other people in Third World countries did not have that privilege. This inspired Kevin to squeeze the absolute most out of his travels, his work, his writing, and his experiences.
7. The Levels of Progression in Life Work: 1st Level (lowest level): Do something well. 2nd Level: Do what you love (and do it well). 3rd Level: Do something you get paid well for (that you love, and you do well). 4th Level (Highest Level): Do something no one else can do (that you get paid well for, that you love, that you do well). 4th Level may take entire life time – but continue to work towards that. This 4th level could be our calling.
8. Don’t hoard your ideas: Kevin gives his ideas away. His thought process is if someone loves his idea and runs with it, he’s glad. He’s happy he doesn’t have to do it, and it’s now in the World.
9. In fact, give away your ideas, and don’t charge for them: Business is all about adding value and providing ideas to the people you work with for them to benefit.
10. Generosity: Generosity with ideas begets more ideas coming to you, and creates better business relationships. And just like ideas, generosity with money begets more money in your life. Generosity with your time begets higher quality with your time. Generosity in any area of your life comes back to you 100 fold. Every major religion teaches this. It’s the Law of the Universe.
11. Naps are a tools: Learn how to take power naps throughout the day. And don’t underestimate the power, energy, and vitality sleep provides.
12. Outsource Your Work: Almost any job on the planet can be outsourced, especially in today’s digital and internet age. E-Lance is one of his favorite tools for hiring people on line from all over the World.