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

The 5 AM Miracle with Jeff Sanders
The 5 AM Miracle with Jeff Sanders
Jeff Sanders
Standing Desk 2.0: Optimize Your Office and Your Health
Episode Show Notes jeffsanders.com/363 . 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 The Next Evolution of Standing Desks Have Arrived I first built myself a standing desk at home in 2012. I then built another standing desk for my day job at the time. Both desks worked well, but they were a bit sloppy. Now, I’m using a state of the art adjustable standing desk that provides incredible flexibility, storage, and customization that is wonderful for productivity and my own health. In this week’s episode of The 5 AM Miracle Podcast I discuss my new standing desk, as well as how to optimize your office to get more done and stay energized throughout the day. . Resources Mentioned in this Episode BetterHelp [Get 10% off your first month with code 5AM] UCAN [Save 20% with code MIRACLE] Hello Fresh [Get a total of $80 off across 5 boxes, including free shipping on your first box with code MIRACLE80] The 5 AM Miracle Audiobook [Read by Jeff Sanders] The Free-Time Formula [Book by Jeff Sanders] My Full Podcast Equipment List [Hardware, Software, and Online Tools] Uplift Standing Desk [80″ 2-Leg, V2 Commercial C-Frame with Reclaimed Fir] Fluidstance [My Balance Board] Standing Mat [From Uplift Desk] Glass Whiteboard Surface [Great for note-taking and reminders]
34 min
The Art of Charm
The Art of Charm
The Art of Charm
J. Douglas Holladay | How to Redefine Success for a Fulfilling Life
In today’s episode, we rethink the definition of success with J Douglas Holladay. Doug is the founder and CEO of Path North, a Georgetown University professor, former White House advisor, and the author of Rethinking Success: Eight Essential Practices for Finding Meaning in Work and Life.   In an age when more and more people are finding themselves trapped by the idea of a nonstop pursuit of material wealth, it’s time to take a moment and redefine what success should mean before we run ourselves into the ground, so what should success look like and what can we do to find long-lasting success that genuinely makes us better people?   What to Listen For What’s wrong with the current definition of success and why do we need to rethink it before we run ourselves into the ground? What is the difference between happiness and meaning, and how do you differentiate between the two so you are not chasing fleeting moments and rewards? Why is it more important to be comfortable sharing your weaknesses and failures instead of your strengths and successes? What role does forgiveness play in our ability to build and maintain relationships, and why can a lack of forgiveness be our downfall? How do we escape the trap of becoming our parents so we can take their best traits and ditch the worst traits? What can you do to find your own narrative while pushing back on everyone around you with their own narrative for who you are and who they expect you to be? What questions can you ask yourself to make sure you are living your story instead of the story everyone else wants you to live? What exercise can you do to integrate what you need to do and what you love to do?   Many of us define success through a lens we develop over years of experience and exposure to the world around us. Unfortunately for many, this has turned into an endless pursuit of more stuff to fill the void inside us created by the same society dangling the trappings of wealth in front of us no matter where we go in the modern world.    It’s time to redefine what success means so we can get out from under the obscene expectations set by society and start living a fulfilled life resulting from living a life inline with our values and not things.   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 J Douglas Holladay’s website Rethinking Success by J Douglas Holladay Dr. Michael Rich | Center on Media and Child Health   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.
1 hr 1 min
The School of Greatness Hall of Fame
The School of Greatness Hall of Fame
Lewis Howes
The Power of Movement with Ido Portal
If you follow UFC and Conor McGregor, you already know him as the man who taught Conor how to move like a monkey. But you also might already know him as a world-renowned movement teacher of all disciplines. I’ve never met someone quite like Ido Portal. He is an obsessed student of movement and the body — which means he has also become an incredible teacher. Ido started studying different kinds of movement when he was a kid, got into martial arts, and from there traveled the world for years studying as many disciplines as he could. But he couldn’t find someone who could teach him what he was looking for — how our bodies are built to move and what they are fully capable of. He became the teacher he was looking for, and over the past decade and more, he has developed a world-wide movement culture. Not only has this caught the attention of elite athletes like Conor McGregor, he has also inspired millions of people to move their bodies in new ways through his workshops and social media. I was so impressed with Ido’s wisdom, clarity, and dedication to his craft. I’ve met few teachers like him and I was so inspired to keep moving my body in new ways after this conversation. Get ready to re-define what you think your body is built for in Episode 532. In This Episode, You Will Learn:Why being a good student is a missing art (8:12)Why there is no mastery of movement (11:30)The issue behind pro athletes getting depressed when they retire (26:15)Basic stretches Ido recommends doing daily to improve your body’s functionality (39:06)The most underrated factor in quality of life (40:20)The problem with “working out” (41:25)Why the story you tell yourself is more powerful than reality (1:03:10)How to practice meditation effectively (1:09:45)Why stillness is just as important as movement (1:14:00)Plus much more… Learn more about your ad choices. Visit megaphone.fm/adchoices
1 hr 39 min
The Tony Robbins Podcast
The Tony Robbins Podcast
Tony Robbins
Continuing the Conversation for Healing and Unity | (Part 2) Taking a stand against injustice and creating real change
“Let’s create not only some healing here but some real change. … Change is automatic, but progress is not. And so this is a conversation today to see if we can create some progress. … What this is really about is getting to what we can do to tap into unity, and love, and compassion, and connection to one another. What can we do to move forward?” – Tony Robbins It’s been over three months since the death of George Floyd, the unarmed, 46-year-old black man, who was unconscionably killed by police in broad daylight during an arrest in Minneapolis. Captured on cell-phone video and amplified in the media, the whole world witnessed his horrific death, and it has reignited a centuries-long conversation around race supremacy in the United States and the injustice that African Americans can face. The aftermath of George Floyd’s death — and combined stacking of others like Breonna Taylor, Ahmaud Arbery, Trayvon Martin, Eric Garner, and most recently the shooting of Jacob Blake in Kenosha, Wis. — has brought this nation to a threshold. With thousands of people around the world in grief, humanity is speaking loud and clear: enough is enough, the time is now to create real change rooted in our nation’s foundation of ‘justice for all.’ Beyond change, we need progress. As Tony said in the first episode of this special two-part podcast series, change is automatic – but progress is not. The conversation continues. In this 2-hour episode, Tony hosts a panel of five unique, multi-generational leaders who share their experience of what it is to be Black in America and lend their voice to what we, as a unified society, need to listen to and hear, to unite, to make progress, and ultimately to tap into love, compassion, and our deep connection to one another. “If love is not yet won, the battle is not yet over.” – Martin Luther King III Part 2 Guests: Charlamagne tha God (Radio show host, author, influencer) Rev. Jesse Jackson (Civil rights activist, former aide to Martin Luther King, Jr.) Barbara Becnel (Journalist, film producer, prison reform advocate) Van Jones (Author, television host) Derrick Johnson (President and CEO of the NAACP)
1 hr 57 min
Humans 2.0 | Mind Upgrade
Humans 2.0 | Mind Upgrade
Mark Metry
317: Michaela Alexis | Behind Living Like a Social Media Creator
Hailing from Ottawa, Michaela Alexis is currently one of North America’s most in-demand speakers on topics related to personal branding on social media, particularly LinkedIn. Signup - https://restream.io/join/XK9rv Her journey started in March 2016 when an article she wrote about landing her dream job went viral on LinkedIn. Since then, she has replicated that success, with dozens of articles receiving millions of reads, featured on the likes of CNBC, New York Times, Fast Company, Inc., and more. Over the past decade, Michaela has managed the online presence of more than 100 high-profile brands, and has garnered millions of views and over 160K followers on LinkedIn. Michaela has also co-authored a video marketing book, Think Video, which is available on Amazon, appeared on season one of Amazon Prime series “The Social Movement”, which comes out in 2020, recently starred in a shoe campaign for K-Swiss, and became an official LinkedIn Learning instructor with her course, “Grow your Business with LinkedIn Pages”. Book: https://www.markmetry.com/screw-being-shy-book 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 Mark Metry - https://www.markmetry.com/
44 min
THE BRENDON SHOW
THE BRENDON SHOW
Brendon Burchard
Advice to Human Resource and Learning and Development Leaders
How do you help people succeed over the long term, while maintaining their well-being and their positive relationships with other people? In this episode, learn how to maintain success as an individual and as a team without compromising, burning out, or stepping over others. “Reestablishing clarity is the most important thing you can do to finish this year strong. If we don’t get organizations aligned with clarity, we cannot win, change, pivot, or adapt. Adaptation is a function of increased clarity.” If you’re looking to become a better leader and role model, this episode is for you! Get our HPX Supplement HERE: hpxwellness.com Get your High Performance Planner HERE: highperformanceplanner.com/ For more visit: HPXLIFE.com For more training on high performance, at a deeper and more interactive level, join us in High Performance Monthly training program. It's my monthly subscription training program where I go LIVE every month, training you on a new topic or piece of research from High Performance Institute as well as providing LIVE coaching! If you like this, you'll LOVE that. Subscribe at https://Brendon.com/monthly Subscribe to my YouTube vlog. New episodes (almost) weekly. Join 2 million subscribers on my weekly newsletter, FOUR BREAKTHROUGHS. Get a free copy of my book High Performance Habits (I bought it for you, you just pay your shipping). Follow me on Instagram. ABOUT: Brendon Burchard is the world’s leading high performance coach and one of the most-watched, quoted and followed personal development trainers in history. He is also a #1 New York Times bestselling author and in the Top 100 Most Followed Public Figures on Facebook, with over 10 million fans across his pages. O, The Oprah Magazine, and Success Magazine have both named him one of the most influential leaders in personal growth and achievement. Brendon's videos have been viewed more than 200 million times, and 2 million students have completed his personal development online courses and video series. He's created 13 blockbuster online courses, including the most popular motivation, confidence, and habits online video courses of all time. For these results, Success Magazine featured him on its cover, and Oprah.com named him “one of the most successful online trainers in history.” A #1 New York Times, #1 Wall Street Journal, and #1 USA Today best-selling author, his books include High Performance Habits, The Motivation Manifesto, The Charge, The Millionaire Messenger, and Life’s Golden Ticket. Meet him at Brendon.com
51 min
More episodes
Search
Clear search
Close search
Google apps
Main menu