Editor’s note: James Altucher is an investor, programmer, author, and entrepreneur. He is Managing Director of Formula Capital and has written 6 books on investing. His latest book is I Was Blind But Now I See. You can follow him@jaltucher.
There was a girl at a party, Ona, who then started telling me how she met her current boyfriend. She just simply told him she liked him. I was insanely jealous right then of this guy. Here was this beautiful, hysterically funny girl who told a guy she liked him and now he was having regular sex with her.
That doesn’t happen, right? It never happened to me. I sat there nodding, not being able to say anything but thinking, what if she said, “I like you” to me right then. I would’ve been happy. Instead, I got depressed and went to sit on the stairs.
There was another girl there. She was crying.I tried to comfort her by telling her I was an artist. I then asked her why she was crying. Apparently the party was actually her birthday party! I had no idea. I didn’t even know who she was. And she was crying because her boyfriend didn’t show up.
Within a week we were living together. Ultimately it didn’t work out and I did my usual passive thing, which was to move to another city (in this case, NYC), to get out of the relationship.
In Stephen Covey’s Book, “The 7 Habits of Highly Effective People” his first habit is “Be Proactive.” I haven’t read the book. I saw the list on Wikipedia. I will not buy the book because at this moment it’s the #1 book on Amazon under Motivation on the Kindle and I am #2. How can he be #1 after 22 years?
But it makes me think—unfortunately he’s dead on. In fact, Being Proactive might be the only effective habit. I read the other six and they all seemed to be corollaries of the first one.
Here’s the proactive plan:
LIST AND DO:
Proactively list what you want (a spouse, a new job, a new business, a new opportunity.
List what the next step is (sign up for dating services, take a yoga class, look at classifieds, spec out your business, decide how you will build your product, contact the people who will build it and get a price from them, ask people if you can work for them.) Make sure the next step is very doable. So doable that you can (and will) do it today.
Quickly determine what doesn’t work. For instance, when I set up Stockpickr.com I set up 10 other websites at the same time. None of them got any traction and I stuck with the one that did.
GET A JOB:
If you want a new job, proactively go out and get another one. Preferably freelance : think about what you do best, and then do it for three paying customers. Contact 30 customers and ask what simple services you can do for them that they would be willing to pay for. Three of them will respond and now you can quit your job.
If you want to raise money: Contact 100 VCs or angels and share with them your business. If they all say “no” then build up for six months, send them all notes on your progress every month, and go out and raise money again six months later. If you have no progress then start a new business. It didn’t work.
Another example: when a book publisher once rejected me, I wrote back to her saying that I fit perfectly with her list, describing how I could publicize the book with the different branches of her own company. I would make all changes she wanted, I would work with a co-author, etc and wouldn’t you know it—she published my book that she had rejected. It was an easy book to write (my co-author did a lot of the writing) and I got an advance and made money. It never would’ve happened if I hadn’t researched her and proactively chased her down.
If you want publicity, write your own publicity. Write a guest post for a popular blog (like I am doing here). If you want to go on TV, contact the producers of shows and give them ten ideas of what you can talk about and why they should pick you to talk about them. Example: I have no credentials in politics but I wrote a post about a year or so ago for the Huffington Post on who the possible third-party candidates could be. Next thing I was on five radio shows talking about it. Suddenly I was a political expert.
If you want health, proactively get it. You know when you are putting bad stuff in your body, when you’re not sleeping enough, when you’re not exercising enough, when you’re letting short-term pleasures get in the way of longer-term gratification . Proactively make sure that when you’re 80 you’re not stooped over and suffering.
PROACTIVELY EXTEND YOUR RUNWAY
Of course one way to make more money is to spend less. Cut out the biggest expenses in your life. Even rent or mortgage. It’s no crime or shame to move someplace else. I’ve done it repeatedly when I’ve needed to. That’s how you live happier and longer.
PROACTIVELY ELIMINATE THE CRAPPY PEOPLE IN YOUR LIFE
If someone is making you angry, how do you be proactive? That’s easy. Ignore them! Don’t try to fight them. You’ll never win. Do you think you are going to win an argument against a someone who hates you? Of course not. Ignore them until they stop hating you. Now that entire problem is gone.
HOW TO START TODAY!
So today, write down the five things you want and what the absolute very next step is to getting those things (if you want to start a business, for instance, write down some ideas for businesses and how you can realistically start them within the next month).
I did beat out Covey for about 15 seconds. (Click here if you want to a promotion on my book).
You can come up with a lot of reasons for not proactively beginning something. Excuses are easy and I get it. But how about take a ten-day diet from excuses. You can get back to your “I cants” 10 days from now. If I said, “I can’t start Stockpickr, I’m running a fund of hedge funds,” then I never would’ve started it and sold it nine months later. If I said, “I can’t self-publish – nobody will buy it” then I never would’ve had for 15 seconds the #1 best-selling Motivational book on Amazon’s kindle store, beating out Stephen Covey’s crappy little book.
After I was dating Sue for two years (the girl whose birthday party it was at the beginning of this post), I went shopping for an engagement ring. My friend, Peter, went down to the main store in Pittsburgh with me. There was an emerald ring that looked nice and it was $700. I was shaking. That was a lot of money to me at the time.
There were so many pretty girls walking around the store and I fell in love with all of them. It was an honest and sincere love I felt for every woman walking around. I wanted to marry them all. Right then.
Later that night I came home and told Sue I wasn’t ready to get married yet. A year later we were broken up. Probably the most effective habit: Don’t be proactive about the things you don’t want to do.
James Altucher is an investor, programmer, author, and entrepreneur. He is Managing Director of Formula Capital and has written 6 books on investing. His latest book is I Was Blind But Now I See. You can follow him@jaltucher.