12 - Startup Stories [part 3] - Success, Failure and Bitcoin - Sam Harris and Theo Ricketts
Play episode · 41 min

SAM HARRIS AND THEO RICKETTS

This is final episode of the trilogy, the season and the entire year.

Sam and Theo finish up the series with some personal stories and a review of how entrepreneurs can be more successful. If you haven't listened to the first episodes with Theo start there.

Additionally, I share some of my best insights from the podcast this year as well as my 2 satoshi on Bitcoin and being a strategic investor.


TOP TIPS

1. SUCCESS = EXECUTION, PERSISTENCE AND JUST TAKING IT SERIOUSLY

There have been a number of idea’s that really could have been a success if we’d put more effort into the execution and persisted with the idea. Often the success of a project is directly relational to how seriously you take it. Putting time and money into it is often the only way to really ignite a business. Once things are going and you have a customer the next steps can seem to happen but crossing the chasm from a hobby side-project to a fully fledged business is a big step you have to commit to by taking a big breath and taking the plunge.

2. PRACTICE MINIMALISM

A million to-dos in your day are confusing and lead to decision fatigue and generally poor execution. Having less is really more in all aspects of life. Practicing minimalism in everything is liberating and allows you to be much more successful. Whether it is stuff you have stored at home or the amount of packing you have. to the number of idea’s, you work on at once.

Now that I’m living a more minimal life I really find it mental the amount of stuff that people have they don’t use, yet they let it take up their time and money just keeping hold of these things they don’t need. A great new years thing to do is a big clear-out of your possessions. Analyse your main projects and prioritising which ones you want to achieve first and focus on just that. Give your brain the freedom to be awesome at something without distraction

3. BE REALISTIC ABOUT EXPECTATIONS

For your own sanity and for the benefit of others you can really help yourself by being realistic about what you expect to achieve. Being ambitious is essential, but if it leads to you overpromising on things you will end up working far too hard on things that you under-deliver on. People will perceive you as a failure and often incapable, you will lose motivation yourself and end up with too many things on your plate which as discussed earlier is not what you want.

Allowing longer timelines for things means you can do them properly with focus. People you work with whether a customer or a boss will know when they are getting the thing and you can expect it to be of correct quality. You can execute stress-free and have some time for yourself to chill rather than running around like a stressed out headless idiot that ends up failing at everything. There is a fine line between ambitious and plain naivety and be careful to always stay on the correct side of it

4. MEDITATION

Meditating has some serious life benefits. It’s not easy emptying your mind and concentrating on one thing and anyone who practices meditation for 20 minutes and says they achieve complete calm the whole time is a liar. The point is to recognise that you’ve gone off the rails and bring yourself back to the start.

The more you practice the better you get and you can focus on your work or task at hand with much less procrastination so that you can then quickly get onto the other things you enjoy.

I have a slightly overly active mind and this has helped me certainly in working. but only last week for the first time did this help with sleep. I generally get some idiot idea in my brain or something from the day that pisses me off and I have these stupid conversation replay in my mind of what I’m going to do and it all goes nowhere. for the first time was I really able to step out of my own head. Tell myself I’m wasting my time and quiet the inner monkey. and next thing I was asleep. This might not sound like much to you but for me this was incredible.
Whatever personal vices you have whether it’s being more grateful for the stuff around you. Being less stressed out or being more focused at work.

Meditating on these subjects can bring real benefits and success in defining how you want to be as a person.

5. BITCOIN

It would be a bit wrong to finish the year without talking about bitcoin. I’ve personally invested a fair amount of money in it and made some incredible gains over the year. I did a lot of research on the topic, listening and reading to everything I could. As a scientist I feely very safe in concluding that no one really knows what’s going on. It final hit virility and mainstream and no one really predicted exactly how that could play out. from one week to another the cryptocurrency of favour makes no real logical sense and you can’t predict it.

My personal recommendation if you are wanting to invest is to spread your money over quite a few currencies and don’t hedge your bets on just a few. Spending time trying to trade them is a huge risk where you will likely lose yourself money and a lot of time and gain a whole load of stress. It’s taking over the lives of so many people right now who have a severe addiction I really would advise just buying and not looking for a year too much.

Regret minimisation I think is essential to be mindful of when it comes to crypto. On how much to invest decide in long run with a potential of 1000% gain or 100% loss what would you regret the least in ten years time and invest something you’re comfortable with.

When taking money out or moving it remember it can shoot up again tomorrow or crash basically on a 50:50 basis. so if either of those events will fill you with regret don’t let captain hindsight beat you up later or panic when your holdings go down and sell everything.

Remember to keep a more bird’s eye view of your investments rather than being caught up in each little one emotionally.

Say you own 100 grand and you decide to put 5% into bitcoin. hypothetically that money grows to be 105 grand so you now are worth 200 grand.

So over 50% of your entire world money is in bitcoin. a highly volatile and risky place for it to be.

So let’s say you had no money in bitcoin but now own 200 grand, would you invest over 50% of all your money into Bitcoin? If not then you should take some out! Otherwise, why didn’t you put 50% into bitcoin in the first place?

This is a key lesson to keep you sane and more likely to sell high and buy low rather than the other way round which is a classic trap people fall into when a market feels like it’s sliding or going up and you end up buying at the peak form FOMO or selling in the dip from panic.


CONTACT

You can email theo - theohricketts at gmail.com

or check out his latest biz www.postary.com

Sam:

Subscribe!

If you enjoyed the podcast please subscribe and rate it. And of course, share with your friends!

Special Guests: Sam Harris and Theo Ricketts.

Support Growth Mindset Podcast

BestBookBits
BestBookBits
Michael Knight
ARE YOU SICK OF DIETING?
CLICK HERE TO GET COURSE AND PROGRAM https://go.bestbookbits.com/coaching343 https://go.bestbookbits.com/apply The 6kgs in 6 Weeks Challenge *** 6 Weeks of Coaching Sessions To Lose 6 Kilos Be personally coached and mentored by Michael George Knight who is on the same journey as you to lose 6 kilos in 6 weeks. *** Inner Circle Accountability Group Get access to our Weekly Accountability Group which is a weekly 90-minute Zoom meeting with Michael George Knight and the group of coaching clients undertaking the same 6 kilos in 6 week challenge as you. We hold each other accountable through the challenge by talking about our obstacles, routines, progress and successes we have on the way. Also building personal relationships with other members of the group. *** A Ton of Health & Fitness Resources I will share with you all of my resources I have accumulated on Health & Fitness over the last decade FREE BONUS 150 Best Book Bits Summaries Volume 1 ($2,850 Worth of Books) Over 2,500 Pages (Additional 50 Hours Video & 50 Hours Audio Content) of The Best Book Bits Summaries from authors like : Stephen R. Covey, Gary Vaynerchuk, Jordan Peterson, Yuval Noah Harari, Tom Butler-Bowdon, Eckhart Tolle, James Allen, Esther and Jerry Hicks, Ayn Rand, James Clear, Ram Dass, Joe Dispenza, Zig Ziglar, Michael Matthews, David Goggins, Robert Kiyosaki, Vishen Lakhiani, Osho, Brene Brown, Cal Newport, Jocko Willink, Patrick Bet David, Russell Brunson, Brian Tracy, Joel Fuhrman, Ashlee Vance and Mark Manson CLICK HERE TO APPLY NOW https://go.bestbookbits.com/apply 🕮 MY FREE EBOOK AS A GIFT TO YOU "SEVEN STEPS TO LIVING YOUR DREAM LIFE" https://go.bestbookbits.com/first-seven-steps 🤲 SPONSOR BESTBOOKBITS BY USING PATREON https://www.patreon.com/bestbookbits 💲 SUPPORT BESTBOOKBITS BY PURCHASING OUR PREMIUM CONTENT BELOW 150 Summaries PDF https://go.bestbookbits.com/150 Coaching Program https://go.bestbookbits.com/coaching Thank you for watching this video—Please Share It. I like to read comments so please leave a comment and… ► Subscribe to My Channel: https://www.youtube.com/bestbookbits?sub_confirmation=1 👉Where to follow to get more bestbookbits: Website: https://bestbookbits.com Instagram: https://www.instagram.com/bestbookbits Spotify: https://open.spotify.com/show/0q8OW3dNrLISzyRSEovTBy Facebook: https://www.facebook.com/michaelbestbookbits Book Club: https://bestbookbits.com/bookclub/ Mailing List: https://mailchi.mp/d1dfc1907cdb/bestbookbits
6 min
Humans 2.0 | Mind Upgrade
Humans 2.0 | Mind Upgrade
Mark Metry
318: No Matter Who You Are Change Your World w/ Brandon Farbstein
Brandon Farbstein inspires millions of people across the globe with his universal message of living life on your own terms and innovating your own solution. At just 19, Brandon is a renowned empowerment & TEDx speaker, Gen Z activist, and author. Brandon was diagnosed with a rare form of dwarfism at the age of 2, and he has turned his experience of life from suffering, isolation, and victimhood to empowerment, impact, and influence. After a severe battle with cyberbullying in high school, Brandon decided to share his story- to both offer hope, and to enact change. Brandon has since helped bring forth two new anti-bullying laws in Virginia and will be working with lawmakers in DC to implement new policy federally. Whether on tour with his recently published book Ten Feet Tall, sharing his message with students at schools across the country including Stoneman Douglas HS in Parkland, FL, or working with Fortune 500 companies, Brandon consistently delivers tools for audiences of all ages to shift perspectives and strengthen their mindset. Last summer, he toured with March For Our Lives, empowering youth across the country to impact and be the change they want to see in the world. In 2018 Brandon was named TigerBeat & Instagram's #19under19 as one of the 19 most influential teens globally. - https://brandonfarbstein.com/ Catch my book - Screw Being Shy, on my website markmetry.com Please do NOT hesitate to reach out to me for any reason on LinkedIn, Instagram, via email mark@vudream.com, text me 508-925-0261! LinkedIn - https://www.linkedin.com/in/mark-metry/ Instagram - https://www.instagram.com/markmetry/ Twitter - https://twitter.com/markymetry Medium - https://medium.com/@markymetry Facebook - https://www.facebook.com/Humans.2.0.Podcast Mark Metry - https://www.markmetry.com/ Humans 2.0 Twitter - https://twitter.com/Humans2Podcast
45 min
The 5 AM Miracle with Jeff Sanders
The 5 AM Miracle with Jeff Sanders
Jeff Sanders
Distraction-Free Writing with Freewrite Founder Adam Leeb
Episode Show Notes jeffsanders.com/364 . Learn More About the Show The 5 AM Miracle Podcast . Free Productivity Resources Join The 5 AM Club! . The 5 AM Miracle Book Audiobook, Paperback, and Kindle . Connect on Social Media Facebook Group • Instagram • Twitter • LinkedIn . Episode Summary What if You Could Just Write … Without Distractions? I have published 2 books and written hundreds of articles, and yet blocking distractions while writing has always been an issue for me. I fight the urge to not-write so many times that I have to get creative to force myself to just sit and write. That’s why I’m so excited about a new device that can radically improve productivity by eliminating distractions at the source. In this week’s episode of The 5 AM Miracle Podcast I speak with Adam Leeb, co-founder of Freewrite, about how we can all optimize our ability to do what we need to do — any nothing else. . Resources Mentioned in this Episode Calm [Free month of your first year] Swanson Vitamins [Get 20% off and free shipping on orders $50+ with code HEALTHY20] Right Side Up [Free week of service after your first quarter of engagement] Focus@Will [Start your 2-week free trial] Adam Leeb [Adam’s website] Astrohaus [Adam’s company] Freewrite [Distraction-free writing tool] Freewrite Traveler [Smaller travel version of the original Freewrite] Logitech G600 MMO Gaming Mouse [Computer mouse that Adam uses] ThinkPad TrackPoint Keyboard II [Computer keyboard that Adam uses] . Adam Leeb Adam Leeb is an award-winning product designer and mechanical engineer (MIT ’07) originally hailing from the burbs of Detroit, MI. He is obsessed with product design especially in relation to user experience and user interaction. Currently, Adam spends most of his energy as a co-founder at Astrohaus in Detroit, Michigan. In his role there, he ideated, designed, launched, and saw through to mass production the Freewrite distraction-free writing tool. Prior to Astrohaus, Adam founded SunDaily, a nutritional supplement brand focused on Vitamin D and new formulas for the modern desk-worker looking for better performance. Adam started his career on Wall Street working in a variety of roles at Macquarie Bank. He operated as an investment banker, private equity professional, lender, and structured commodities finance provider.
48 min
How to Be Awesome at Your Job
How to Be Awesome at Your Job
Pete Mockaitis
616: How to Handle Work in a World Where Everything’s Urgent with Brandon Smith
Brandon Smith shares how to cut through non-stop urgency and work on what’s truly important.  — YOU’LL LEARN —  1) How urgency is just like hot sauce  2) What your boss really means when they say everything’s urgent  3) How to expertly say no to extra work  Subscribe or visit AwesomeAtYourJob.com/ep616 for clickable versions of the links below.  — ABOUT BRANDON —  Brandon went from not being able to order a pizza due to a debilitating stutter to becoming a master communicator.  He went on to teach communication in two leading business schools and has won 12 teaching awards for his work in the classroom.  Through his work with businesses, Brandon has helped countless employees go from being on the verge of getting fired to becoming some of the company’s top performers.  Brandon learnt the secret of urgency, what he calls ‘Hot Sauce’ and how different people react differently to it. Today he is the author of The Hot Sauce Principle.  Used in the right amount, hot sauce can be the very thing that turns a bland or stressful workplace into a place of flavourful productivity.  • Brandon’s book: The Hot Sauce Principle: How to Live and Lead in a World Where Everything Is Urgent All of the Time  • Brandon’s website: TheWorkplaceTherapist.com  • Brandon’s LinkedIn: Brandon Smith  — RESOURCES MENTIONED IN THE SHOW —  • Book: Daring Greatly: How the Courage to Be Vulnerable Transforms the Way We Live, Love, Parent, and Lead by Brene Brown  • Previous episode: 073: Leading Change with Dr. John Kotter  — THANK YOU SPONSORS! —  • Rise.com. Build your team’s learning library–the fast and fun way–with Rise.com/awesome  • Blinkist. Learn more, faster with book summaries you can read or listen to in 15 minutes at blinkist.com/awesome
43 min
The Art of Charm
The Art of Charm
The Art of Charm
Geoff Woods | Why Discipline is a Lie & The Billion Dollar Secret to Achieving Your Goals Faster
In today’s episode, we cover prioritization with Geoff Woods. Geoff is the Vice President of The ONE Thing and the host of The ONE Thing podcast which is in the top 5% of all podcasts in the world.   Many of us get distracted by everything we think we have to do and all the directions other people pull us in, but if we let all of those things consume our time, we’ll never get to where we want to be, so how do you figure out what you need to do and accomplish your dreams?   What to Listen For What is the one thing behind extraordinary results and how can you find out what your ONE thing is? What framework can you use to figure out what to focus your time and energy on? How do you narrow down a to-do list to figure out what the most important items are? What can you do to stay disciplined and focused on the important tasks in your personal and professional lives? How do you build more discipline? How do you improve different areas of your life if you’re only focusing on one thing at a time? How do you set goals that pull you toward them? What can you do to strengthen your willpower and use it in a meaningful way? What is the value in finding a coach to help you achieve your goals and dreams?   Multitasking has been scientifically proven to be less effective than focusing on one task at a time. However, focusing on the wrong tasks one at a time will also be ineffective. First, we must come up with a clear vision of what we want, and then drill down to the smallest tasks we can accomplish on a daily and weekly basis. This way we are able to track our progress toward the long term goal while also prioritizing the important tasks over less important tasks that might get thrown our way everyday.   A Word From Our Sponsors Share your vulnerabilities, victories, and questions in our 17,000-member private Facebook group at theartofcharm.com/challenge. This is a unique opportunity where everyone — both men and women — celebrate your accountability on the way to becoming the best version of yourself. Register today here!   Resources from this Episode The ONE Thing book The ONE Thing website The ONE Thing podcast  Your 411 Worksheet   Check in with AJ and Johnny! AJ on Instagram Johnny on Instagram The Art of Charm on Instagram The Art of Charm on YouTube See omnystudio.com/listener for privacy information.
55 min
Beyond the To-Do List
Beyond the To-Do List
Erik Fisher
Top 5 Personal Productivity Books
This week Erik counts down his top five personal productivity books! The Top 5 Personal Productivity Books: * The Getting Things Done Workbook (https://amzn.to/3kkVo5A) - David Allen * Free to Focus: A Total Productivity System to Achieve More by Doing Less (https://amzn.to/3jn7qKi) - Michael Hyatt * Indistractable: How to Control Your Attention and Choose Your Life (https://amzn.to/2IOnwjv) - Nir Eyal * Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones (https://amzn.to/3mbwSEt) - James Clear * The Motivation Code: Discover the Hidden Forces That Drive Your Best Work (https://amzn.to/36kc5Kn) - Todd Henry Honorable Mentions: * The Road Back to You: An Enneagram Journey to Self-Discovery (https://amzn.to/3odVkXv) - Ian Morgan Cron * Now, Discover Your Strengths (https://amzn.to/2Hq0EGA) - Don Clifton Reading Tools: * Brain.fm (http://beyondthetodolist.com/brainfm) * Blinkist (http://blinkist.com/fisher) Deeper Listening: * David Allen on Developing the Skill of Outcome and Action Thinking (https://beyondthetodolist.com/335) * Michael Hyatt on Energy, Clarity and Focus (https://beyondthetodolist.com/190) * Michael Hyatt on Achieving the Freedom to Focus and Eliminating Distractions Through Digital Minimalism (https://beyondthetodolist.com/268) * Nir Eyal on Overcoming Internal and External Distractions (https://beyondthetodolist.com/321) * James Clear on Building Good Habits and Breaking Bad Ones (https://beyondthetodolist.com/320) * Todd Henry on Discovering the Hidden Forces of Motivation That Drive Your Best Work (https://beyondthetodolist.com/344) * Ian Morgan Cron on The Enneagram 101 (https://beyondthetodolist.com/333) * Ian Morgan Cron on Overcoming the Productivity Hangups of Each Enneagram Type (https://beyondthetodolist.com/334)
18 min
More episodes
Search
Clear search
Close search
Google apps
Main menu