- Checkout Tim’s Podcast Page
Ryan Holiday, Author of:
- Let his personal connection to the ex-CEO and desire to be challenged lead him to accepting a terrible role consulting for American Apparel
- We need to be careful what work we say yes to, as it will take us away from other more important things such as family, more interesting/rewarding work
Lessons from American Apparel:
- When bad things happen, our ego is what makes it worse. It prevents us from stepping away.
- When you sign a contract, you need to have an “out”, so you can walk away.
- It is not healthy if you choose chaos and stress over the things that are important to you.
- Choice of a life or accomplishment, one tends to take away from the other – choose wisely
- Are you working to live or living to work?
- Human BEING not human DOING.
- Life can become unmanageable because you can’t prioritize.
- Work is a drug for some.
- Don’t necessarily work a lot, but they can’t stop. Always need to do something.
- Type A personalities tend to live where the action is.
- You should be able to create opportunities from anywhere.
- Don’t live where you might succumb to too many distractions.
- Workaholics Anonymous might help if you need it
The Obstacle is the Way:
- Because of Tim Ferris and Shane Parrish, it got popular in the sport world.
- Michael Lombardi recommended it.
- John Snider, the manager of the Sea Hawks.
- Managing emotions, keeping a clear head and making the best with what you have are all things professional athletes need to learn.
- Eric Weinstein: ”generalized fame is overrated, but selective fame is useful.”
- 1000 true fans and Small Giants are all about selective fame.
Internal versus External:
- Why Ego? It’s interesting to see people act against their own interest because of ego.
- Ego is the biggest internal obstacle.
- Pride, vanity, delusions, greed, wanting all the attention prevent us from accomplishing what we want.
- Ego sucks us down like the law of gravity.
- Prevents the connection to reality.
Sherman VS Grant
- H. Liddell Hart: “there’s a difference between someone who is utterly confident and people whose image is a slow accumulation of success.”
- William Tecumseh Sherman and Ulysses S. Grant were two civil war heroes.
Sherman knew his own limits, Refused presidency to do things he was good at.
- Grant tried to pursue and make money in things he had no skills.
- Endless need to impress people who were already impressed.
- Billions: “When people call you superman long enough, you start to believe it.”
- Tim was given advice when The 4-Hour Workweek hit the best seller list: “You’re never as good as they say you are and you’re never as bad as they say you are”
Howard Hughes versus Elon Musk
- Just because someone seems successful to you doesn’t mean they’ve accomplished what they wanted. (Kayne West)
- Ego is the most dangerous when you’re already successful and trying to move on to your next goal.
- Howard Hughes lost millions of dollar trying to accomplish insane projects.
- Elon Musk did a thinking exercise by Aristotle called Going to first principles.
- Created SpaceX by building rockets instead of buying them.
- Rational and step-by-step.
- Soliciting critical feedback.
- Elon Musk: Tesla, SpaceX, and the quest for a fantastic future.
- Fahrenheit 451: ”the people don’t want to be offended, so they burned the books.”
- It’s not a government who dictates book burning, it’s a society afraid to be offended
- Protect everyone’s feeling.
- Take’s away form the actually alarming things happening.
- Nowadays, anyone who disturbs or offends are badly viewed.
- This trend tends to choke freedom of speech.
- Nice things don’t need to be protected, it is the awful speech that needs protection
- Scott Adams (Dilbert): ”being creative is like drilling for oil, sometimes you miss and sometimes it catches on fire.”
- Meaning sometimes, smart people say dumb things.
- I f you get accused of being racist or sexist, react by saying: How do you define that word? Make them fight themselves.
- By being offended your wasting your own resources
How do someone improve themselves?
- How you feel about things and what you’re working on.
- Deep Work: Rules for Focused Success in a Distracted World
- Record how many hours of really working.
- 21 day no complaint experiment to break ego.
- Practice like you would everything else.
- What are you going to do with this information?
- The 5 minute Journal to review your day and to be grateful.
- Most of our misery comes from us.
- Paul Graham: “Keep your identities small.”
- The smaller, the more you’re creative and adaptive.
- Value the things that can not be taken away.
- Real Mind Control: The 21-Day No-Complaint Experiment
Previous Podcast with Ryan Holiday: The Canvas Strategy – What Ben Franklin and Bill Belichick Have in Common
This podcast is brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service led by technologists from places like Apple. It has exploded in popularity in the last two years and now has more than $2.5B under management. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it’s all through smarter software instead of retail locations and bloated sales teams.
Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they’ll show you — for free — exactly the portfolio they’d put you in. If you want to just take their advice and do it yourself, you can. Well worth a few minutes to explore: wealthfront.com/tim.
This podcast is also brought to you by FreshBooks. FreshBooks is a bookkeeping software, which is used by a ton of the start-ups I advise and many of the contractors I work with. It is the easiest way to send invoices, get paid, track your time, and track your clients.
FreshBooks tells you when your clients have viewed your invoices, helps you customize your invoices, track your hours, automatically organize your receipts, have late payment reminders sent automatically and much more.
Right now you can get a free month of complete and unrestricted use. You do not need a credit card for the trial. To claim your free month, go to FreshBooks.com/Tim and enter “Tim” in the “how did you hear about us section.”