Tag Archives: life

Why you shouldn’t care at all about the Eurozone crisis

If you’re an individual or a small business, you don’t need to worry about the Eurozone crisis. You don’t need to think about the ongoing recession. It should be the last thing on your mind.

Why? Is this not the worst recession since the Great Depression? Could this not be The End of the Eurozone?

Yeah, maybe. But ask yourself this:

Can you do anything to change it?

You can’t set fiscal and monetary policy. You can’t force Greece or Portugal (or the US) to cut spending. You can’t force companies to invest more.

So stop worrying about it. It’s out of your control.

What should you worry about? I’m glad you asked.

People: get your finances in order. Stop overspending. Look at earning more money through a second job or freelancing if you need to. Start eating healthily and exercising regularly. Take time every day to be grateful for the good things in your life. Think how you can do your job better: make a list of ideas and pick the best two, and start doing that.

Businesses: stay focused on your customer. Always think what they would want you to do. Even in this economy there are opportunities – Groupon is the fastest-growing company in history by revenues, and was formed in November 2008. There is money to be made, and people will fall over themselves to give you their money, if you can give them what they want or need.

In other words, focus on things you can control. Forget about things you can’t.

Time as a river

Time is like a river that will take you forward into encounters with reality that will require you to make decisions. You can’t stop the movement down this river, and you can’t avoid the encounters. You can only approach these encounters in the best way possible.

- Ray Dalio, Principles (pdf)

I wrote about this a little recently, but the fact that I’ve finally finished university and will soon be starting a job has really impacted me mentally. I’m suddenly viscerally aware of the fact that, one day, I will die. My time on earth is limited, and no-one can stop that. There is nothing I can do to prevent it – I can only try to make the most of my time here.

I’ve always been a fan of video games. I’m a bit of a perfectionist. When I was about 9 years old, I wanted to catch 150 pokémon on my Gameboy, which I did. When I was 14 or 15, I wanted to complete GTA 3 100%, doing all the side missions and all the hidden packages. I did it. When I was 17 I played The Godfather on PS2, and I played it probably 3 or 4 times through to make sure I did all the missions in the “right” order, the way they were intended to be done so I could get the most XP and money and make the game as easy as possible. I did it. Each time, I was left thinking, OK, now what? Then I’d play the game through again, doing things differently, each time trying something slightly different.

Unfortunately, life isn’t like that. Time is like a river. My four years at university were the best of my life (so far), but now they’re done. There’s no second playthrough. No saving at a certain point and resetting if things don’t go your way.

But the problem isn’t necessarily the fact that I will die one day. The worry is that I’ll die, and my children and grandchildren will die, and a hundred years later, no-one will give a shit. Neil Strauss touched on this in his new book. He was interviewing Chris Rock, who said this:

The weirdest thing about being successful is that you are kind of ready to die. Especially now that I’ve got kids. I mean, I want to live. Don’t get me wrong. But I’m not in fear of dying. I’ve made my mark. Death is the enemy of my family – of my wife and my daughters.

Maybe that’s the aim. To make your mark. Or at least to strive for it, lest you be one of those timid souls who knows neither victory nor defeat.

Why I want to be an entrepreneur

An entrepreneur has a positive, flexible and adaptable disposition towards change, seeing it as normal, and as an opportunity rather than a problem. To see change in this way, an entrepreneur has a security, born of self-confidence, and is at ease when dealing with insecurity, risks, difficulty and the unknown. An entrepreneur has the capacity to initiate creative ideas…develop them, and see them through to action in a determined manner. An entrepreneur is able, even anxious, to take responsibility and is an effective communicator, negotiator, influencer, planner and organiser. An entrepreneur is active, confident [and] purposeful, not passive, uncertain or dependent.

- OECD, quoted in Ball, Knight and Plant, “New goals for an enterprise culture”.

Everyone should be more like James Altucher

I decided to email someone I admire. I found James Altucher‘s blog a couple of months ago and have since devoured pretty much everything he’s written. He’s made (and lost) a ton of money, and has some incredible stories to tell. His best post is How to be the luckiest guy on the planet and he’s also just self-published a book of the same title, which you can and should download for free. Then read all his other stuff.

Here is the exact email I sent to him, and his exact response. Note: I mean every word I say in my email.

Me to James:

James,

I found your blog a couple of months ago. It’s absolutely fantastic. I really admire the honesty you display in your writing.

I wanted to ask you a couple of things. I’m about to graduate with a BS Economics degree from Leeds University, UK. I don’t have the best grades in the world, but I’m pretty confident, I’m smart, and I’m ambitious.

Do you have any advice for someone who is just graduating and doesn’t want to go into a traditional graduate scheme-type role? I genuinely don’t know what I want to do with my life, apart from start a company at some point. I’d love to work for a startup or something, but I have very few technical skills, so it might be a bit harder for me to get involved in that sort of area.

I really appreciate any advice you can give me. And I’ve bookmarked your ebook online – the daily practice advice is brilliant. I’ve only been doing it for a couple of weeks and already I feel better about the future.

Thanks James
Andy

And his response:

There’s some good news and some bad news.

The bad news is you’re stressed. How come? You’re 22 or so. You have about 10-20 years before you need to figure out a career. There’s no reason to get rich so fast (what would you do with the money except guarantee your future?). I’m not saying “how come” flippantly, by the way. Are your parents stressed about your future? Were they stressed about their own futures when you were younger? Is your girlfriend shaky? Your other friends? Not that you need an excuse to be stressed. Its reasonable at this stage also to wonder, “What’s next?”

What if nothing was next? What if you worked as a waiter for a year and took painting and photography classes for a year? Write a comic book script based on a spiderman and submit it to marvel comics? Work in a factory? Go to India for a year and study yoga (you would get in shape, feel spiritual, make great friends, see the world, etc) while giving English lessons and “getting by”. Like young people do.

Next level: find something your mildly interested in and work for a mega corporation. What’s your favorite TV show? Who produces it. Work for them. They are obviously good at what they do. Its never bad to be the janitor at the best company in the world. You learn how to clean up their shit. Which makes you CEO-level for just about any other company. This is really true.

Next level: startup world. You’re obviously self-motivated and good at sales (you wrote to me. I’m responding. I got 1500 emails today). Go to any startup and tell them you’ll work for free until you get them a $1000 in revenues. And then go out and get them revenues. This focuses you on finding a good startup that you know you can sell their product. You become like a venture capitalist of sorts.

Next level: start your own company. I don’t like that. Maybe you need experience and something you’re a bit more passionate about.

Keep with the daily practice. Start stretching that idea muscle out a little bit more. Make lists of the craziest things you can do. I wasted the ages of 22-26. Or did I? In other words, nothing you do those years will be that important for later on. Meaning, you can explore yourself, make sure you have the right values and know how to be happy, make sure your brain is as big as possible (the mental practices), make sure you know how to save lives by surrending to whatever force you can help.

These are more important than finding the exact right job now. I made the equivalent of 14k euros a year from the ages of 22-26. I lived like a king because I lived cheap. Then I made more and it ruined my life.

This might’ve been a bit of a ramble. But there might be a few things here useful. Thanks for writing me and I’m glad you are doing the daily practice. Please keep in touch and let me know what happens next?

- James

I’m flattered he even replied. His email made me smile. I hope I can take him out for a drink one day.

EDIT: We sent another couple of emails back and forth. Here they are:

Me to him:

James,

Thanks, I really appreciate the advice. I think the reason I’m feeling stressed right now is that there seems to be pressure from my parents and my credit card company to get a job and start earning money RIGHT NOW or the world will end. I guess I feel like I’ll be a failure if I’m not earning good money by the time I’m 25, which I know is ridiculous. I feel like I have the ability to do great things and that I’ll be wasting it if I take even six months of my life to do nothing. I feel like I have to do something impressive right away, or else the chance will be gone forever.

Does that sound stupid?

Andy

And his reply:

It doesn’t sound stupid at all. But it does sound like something that might not be the best way to be happy right now. A lot of that pressure is external. I was really a miserable failure at 25. And then again at 32.
Why don’t you take a day off from parents and credit card companies. Make lists of what you love. It might be hard at first. You’ve been a bit programmed to think about things you don’t love. What would you if everyone was dead and you were free from the stresses you have? Are you worried you won’t meet girls if you dont have a great job? What if you were a famous painter? Or a juggler? You dont have to do nothing for six months. What if you stopped all alcohol and worked out for six months. Become a hugely healthy person? WOuld that be a waste?
Parents are hard. Mine were disappointed in me. but it worked out in the end. Sort of. Because in the end I had to stop caring what they think (although I still do a little with my mom). The only thing you really need to do righ tnow is survive, save a life every day, and continue that daily practice so you can be a superhero. I mean it.

The job market sucks, and it’s my fault

Recently it seems that I’ve been reading nothing but stories about how degrees are worthless and that the job market for new graduates is terrible. Today, from the paper of record:

Employment rates for new college graduates have fallen sharply in the last two years, as have starting salaries for those who can find work. What’s more, only half of the jobs landed by these new graduates even require a college degree, reviving debates about whether higher education is “worth it” after all.

The people profiled in the article aren’t the only ones struggling. I have tons of friends (subtle brag) who either graduated last summer, or are about to graduate this summer, and have few, if any, job prospects. I’m one of them.

So is the economy to blame? Partly, sure. It’s a hell of a lot harder to walk into a £30k a yearjob straight after graduation than it was in 2006. Any foray into the job market will likely mean competing either with literally hundreds of other graduates, or people with 5 years of experience who have been laid off recently. And if you just want to earn some spare change while you look for your REAL career, say, as a temporary receptionist, you’re competing with over 80 other people for one spot. Good luck!

But why should anyone hire me over anyone else? Are my grades that much better? No. Do I have incredible work experience that gives me social proof and is a clear indicator that I know what I’m doing? No. Do I have high-value skills that no-one else has? No.

Sure, companies are still hiring people, but you have to be exceptional to cut through the swathes of candidates with identical CVs and land that coveted graduate scheme role. Are you exceptional? I know I’m not. Fuck it, if you were really brilliant, you wouldn’t even have a CV.

So what’s the solution? I’m not sure, because I’m one of the unemployed people at the moment. But from stealing the ideas of people smarter than I am, I can guess it has something to do with:

  • Doing something, anything, to show that you’re not just sitting on your arse, i.e. volunteer work, working for a non-profit.
  • Reaching out to people who you admire, and offering to work for them for free, if you can learn something while doing it
  • Taking the ridiculous amount of free time you have and doing something productive with it: if you have no skills, it’s time to learn some.
  • Create something: you’re young, and have no family to support, no mortgage to pay or house to lose if you go broke, so why not start a company? Even if it fails (which it probably will), an attempt to start a business would sure look better on a CV than “was an integral part of the team at Wetherspoon’s pub”.

I’m having trouble finding a job at the moment, and it’s because I haven’t done any of these things. None of these have any barriers to entry: if you want to learn to program, there’s probably a thousand different sites to teach you how. If you want to start a company, the government will walk you through the process. It costs nothing to send an email to someone you admire and offer to work for them. The only barrier to entry is having the motivation and the desire to try something different, to challenge yourself, to follow a difficult path without knowing exactly where you will end up.

Or there’s always law.

2011 second-half goals

University life has but 3 weeks left in store for me. My last exam is on June 1st, and after that, assuming everything goes OK, I’ll be done with education (at least for now – I’m still on the fence about whether I want to do an MA in a year or two).

At the moment, it doesn’t look like I’ll have a job to walk into as soon as I graduate. I’m still applying for things, but at the moment no firm offers. Just like a ton of other graduates.

So, rather than sit around for six months, working part-time at a bar and praying that someone walks in and hands me a job, I’m going to get proactive. On 1st June, I’m going to start working towards these ten goals:

  • Run a 10k race, in preparation for running the London Marathon next year.
  • Learn to speak French fluently.
  • Learn HTML, CSS, Javascript and PHP.
  • Write at least one blog post per week.
  • Get my level 1 cricket coaching badge.
  •  Get some work experience either at a non-profit or for a local political group.
  • Start, run and grow an online community.
  • Self-publish an ebook.
  • Write a journal every night.
  • Write a half-hour comedy pilot script.
You might notice that this is adapted from Seth Godin’s list that he wrote two years ago. It was a good idea then, except I wasn’t an unemployed college student. Now, it looks like I will be. Time to get to work.

Locus of control

In a class the other day, the lecturer was talking about common traits among successful entrepreneurs – risk-takers, creative types, driven to succeed.

One of them was locus of control. From wikipedia:

One’s “locus” can either be internal (meaning the person believes that they control their life) or external (meaning they believe that their environment, some higher power, or other people control their decisions and their life).

Not surprisingly, the theory is that successful entrepreneurs have a high internal locus of control.

This is something that’s talked about a lot in self-development literature, particularly with pickup artists. The other week I listened to an interview between a pickup artist and Ramit Sethi, discussing the crossovers between pickup and personal finance. They mentioned one key similarity – the mental barriers that stop people achieving their goals.

  • I could get that girl, if only I was better looking/in better shape/funnier/more charismatic
  • I would be saving more and investing, if only I earned more money/didn’t have all this debt/knew where to start

Similarly:

  • I can’t get a job/start a company now because the market is tough/I don’t have enough experience/it’s a really competitive area

How many times have you heard people say things like this? All these thought processes have one thing in common – an external locus of control. “I could do X if Y happened (but I can’t control Y).” But let’s break these thought processes.

Society generally holds men to much lower standards of looks than women – any guy with a decent haircut, workout regime and some new clothes looks pretty good (and in any case, looks are much less important to women than to men). Anyone can go running 3 times a week and buy a cheap set of weights to use at home. Toastmasters helps tons of people become more confident, as do improv classes, not to mention that you could always just, you know, talk to more women when you get the chance. There are people who save money on tiny salaries, by forgoing the things we often see as essential, like an iPhone and eating out all the time. There’s a ton of books and blogs out there to help you get started managing your money. Groupon, the fastest growing company ever, was founded 18 months ago, in the midst of the biggest recession for 30 years. And tons of people still get hired in a down market, they just have to be better at what they do.

In a sense, it’s liberating when you start framing things with an internal locus of control – you actually can do pretty much anything, if you really want to.

It’s also terrifying. All those excuses you’ve ever told yourself, the assumptions you’ve made, you start to see them for what they truly are – irrelevant. And then the only thing left is you.

New college students: make the most of ‘diet’ real life

Charlie Hoehn has just written a fantastic post with some great advice for those about to graduate from college:

You don’t have to walk down the path that everyone else takes. If you haven’t realized it by now, there is no such thing as job security. You’re fooling yourself if you think a steady paycheck will ensure a safe future. The only real form of security is working on yourself. Read as much as you can. Put experiences under your belt that can open doors in the future. Meet smarter people than you and do some free work for them. These are the kinds of things that can help mitigate your risk against a bad job market. And in the long run, you’ll be in a far better position than everyone else.

That seems great advice as far as I can tell, but I’m not entirely qualified to say, as I’m still at university (and will be for a couple more years yet). And I didn’t want to just quote and link his post, as there’s not much value in that.

Instead I wanted to write about something that I am qualified to write about. While Charlie’s advice is great for those just leaving college, what about the incoming freshmen and first years? That’s what I want to write about today.

College is a fantastic place. I’ve been here almost two years now, and I’ve loved every second. But it’s not all as Asher Roth would have you believe. Sometimes you will have to work your ass off, grinding away for maybe even a couple of months at a time, especially if you leave all your work until the all-too brief period just before exams, like I’ve done in the past.

Nothing in life comes without a tradeoff. But the tradeoff in college is that if you can get the work out of the way, you have an unbelievable amount of free time, and an outrageous lack of responsibility. You’re young, your parents love you and your student loan is yours to do with whatever you please.

I can’t remember where, but someone I once heard someone describe college as ‘diet’ real life – you have all the freedom to essentially do whatever you want to, but you rarely have to personally deal with all of the consequences if you screw up.

So make the most of it. Try everything and anything you can. If there’s something you’ve always wanted to try, just give it a shot. That library has a lot of books that you don’t have to read for your course -read one of them anyway, and see if you like it. Go to all your classes, sure, but go to someone else’s as well – you might learn something interesting.

Google give all of their employees 20% of the week to work on their own projects, and it doesn’t have to be directly related to their core business. That has produced phenomenal results like Gmail and Adsense. Not all of the projects come to anything, but a couple are huge.

As a student, the amount of time you have to work on your side projects is probably closer to 40% or even 50%. Imagine what you could do with it.

I’m not just talking about businesses, or societies or sports teams. Use some of that time to get some experiences – everyone loves to have a few cool stories to tell at the bar. What I’m saying is, in the downtime between handing in your last essay and starting on the next one, don’t sit down and see if you can top your best score on Halo 3. Go and experience as many different things as possible, and just see where it takes you.

Your free time in college is an incredible gift. Don’t waste it.

The fear, and self-sabotage

In exactly a week, I’m doing my first comedy show. I’m really excited about it, but even now I’m more nervous than I’ve ever been before – more so than when I had to give a presentation in front of my class, more nervous than when I went for my interview at Cambridge (which I didn’t get into), more nervous than the first time I talked to a really hot girl (who I also didn’t get into).

It’s a completely irrational fear – the worst that can happen is that I’ll be talking to an audience for 5 minutes, they won’t laugh, I’ll get off stage and then someone else will come and do the same. But I keep having this mental image that it’s going to be just like the first scene in 8 Mile:

His palms are sweaty, knees weak, arms are heavy,
There’s vomit on his sweater already, mom’s spaghetti,
He’s nervous, but on the surface he looks calm and ready
To drop bombs, but he keeps on forgetting
What he wrote down, the whole crowd goes so loud
He opens his mouth, but the words won’t come out
He’s choking now, everybody’s joking now
The clock’s run out, time’s up, over, blow!

And while me throwing up on stage could be very funny (for all the wrong reasons), I can’t stop thinking about it. And it’s having an adverse effect on me. I’m starting to sabotage myself. I’m not practising my routine. I haven’t performed it for any of my friends. I’m so afraid of failure that I’m shying away from the challenge I’ve set myself. I’ve done it before – during exams, when I’m afraid of one particular class, because I’m not as good at it, I shy away from it, concentrating on what I’m good at instead of really challenging myself and working on it.

I need to smash through the fear. I need to step up to the plate, take my own fucking advice and make it happen. Enough with this bullshit.

By the way, if anyone has any great knock-knock jokes, I’d love to hear them.

Link round-up 20.01.09

3 good articles I read today:

How To Be Awesome

“Working your ass off, at least during specific seasons in life, is also a prerequisite for being awesome. This goes at the top, because if you don’t like hard work, good luck. I hung out with J.D. Roth in Portland a few weeks ago, and we talked about the big success of his personal finance site. Guess how many hours a week he has worked on the site since going full-time last year? 60 HOURS EVERY WEEK. That’s right, aspiring bloggers – you too can have 70,000+ readers and write your own ticket to internet fame – but it won’t happen by playing World of Warcraft every night.”

Why Nine Inch Nails is the future of the music biz

People could pay $5 for all 36 songs, and for $10 they got a two-CD set and 16-page booklet. And then they could buy the $75 deluxe edition package, with a DVD and a Blu-ray disc, a booklet and a nice box. And then there was the $300 Ultra-Deluxe Limited Edition Package, with 2,500 units. It incuded all the deluxe stuff and a bunch of other things, with each personally signed by Reznor.

“It was special, it was unique, and it added value to the music,” says Masnick. “It took less than 30 hours for these to sell out: that’s $750,000 gross. In the first week alone if you include the other parts, it brought in $1.6 million for music that was being given away for free with no record label.”

How low can homes go? Try $0.

Earlier in the day, I’d previewed the North American International Auto Show, where the car of the year was a Hyundai. A Hyundai Genesis, to be precise, with an MSRP of $37,250. Here, even a Kia or a Pontiac listed for $16,000.

By contrast, the median price of a home sold in Detroit last month was $7,500, according to Realcomp, a Farmington Hills, Mich., multiple-listing service, down 50 percent from last year.

Mason counted 1,228 homes listed for under $10,000, 209 of which were under $1,000.

These are all from my delicious account. Feel free to add me to your network, and if you come across anything you think I might like, feel free to send it my way. And if you’re not using delicious bookmarks yet, you should be.