Secret Altucher - Negotiation lesson from Eminem, Life Lessons from Bill Murray, Choose Yourself
"Reduce your supply, boost your value! 📈✨"
Papa Doc doesn't live in the 313, which Eminem cleverly uses to his advantage in the rap battle. By establishing total credibility with the audience, he makes himself scarce, a tactic that aligns with basic economics: reduce the supply of yourself while demand is going up, and your value increases. Speaking of value, I have to say Airbnb has changed my life. The home I left to come to this Airbnb could be making me money right now by hosting, and being an Airbnb host myself. It's all about leveraging opportunities, just like how Eminem leveraged cognitive biases to win that battle.
I want to be like Bill Murray—unafraid and willing to fail over and over until I realize it's not the end of the world. The more relaxed you are, the better you are at everything. I'm going to try to be more like him, living a little bit on the seat of my pants, and being alert and available for life to happen to me. If you make others look good, you'll look good too. It's about helping someone realize that life is special, interesting, and that each moment can be turned into a work of art.
I'd like to really see how long I could last being really here, really in it, really alive. It's hard to win an argument with a smart person, but it's damn near impossible to win one with a stupid person. And sometimes, the most powerful thing you can say is "no." It's a metaphor for how we live our lives until we realize too late what's happened. So please, share this with your friends and subscribe to the podcast. Email me at Alat gmail.com and tell me why you subscribed.
"Turn your home into an Airbnb and watch your income soar! 🏡💸"
Rest assured, everything takes care of itself if you stay true to your path. I remember Bill Murray saying, "Say hello where you're coming from." I've taken so much inspiration from his interviews. He's mentioned, "I've killed myself so many times I don't even exist anymore... I'm a God in that movie... he lives the same day for 30,000 days in a row." We always think, maybe one day I'll be good at life, fall in love, save the world, but in the meantime, I just want to be good at being Bill Murray.
Transitioning to how Airbnb has impacted my life, I have to say Airbnb has truly changed everything for me. I just love staying in Airbnbs—the whole world is available to us now because of it. The home that I left to come to this Airbnb could be making me money right now by hosting. If you have a home but you're not always at home, you do have an Airbnb there. It's a great way to earn some money.
Speaking of life lessons, I've learned six important ones from Mick Jagger and The Rolling Stones. How did this band survive for 56 years? Keith Richards and Mick Jagger were childhood friends who ran into each other at a bus stop. Jagger was carrying a Chuck Berry record, and Richards recognized a kindred spirit. They were inseparable after that. People didn't like Mick Jagger's voice at first—one reviewer even said it was very ordinary and chaotic. But they kept playing, bolstered by Jagger's charisma.
My theory on career development is straightforward: it takes one to three years to do the studying required, about two years before you start making any money, three to four years before you make a living from it, and five to six years before you're truly killing it. It requires persistence each day.
The Rolling Stones got help with their first major hit when Andrew Oldham ran into Paul McCartney and John Lennon. Lennon and McCartney went up to the apartment Jagger and Richards shared and riffed out "I Want to Be Your Man." That was their first major hit. They said yes to everything, performing 200 places a year for almost no money, even if it meant playing to crowds of just four or five people.
Despite not owning the rights to their most successful music, The Rolling Stones made over $600 million on their last tour. A former company collects all the revenues—sponsorships, tickets, clothing, record sales—at the beginning of each tour and then divvies out the proceeds at the end, ensuring everyone takes home a nice paycheck. So please, share this with your friends and subscribe to the podcast. Email me at Alat gmail.com and tell me why you subscribed.