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1441: Ramit's Hall of Shame by Ramit Sethi of I Will Teach You To Be Rich on How To Use Failure to Be Successful

2019-11-21 | 🔗

Ramit Sethi of I Will Teach You to be Rich shares his Hall of Shame.

Episode 1441: Ramit's Hall of Shame by Ramit Sethi of I Will Teach You To Be Rich on How To Use Failure to Be Successful

Ramit wants to use money to say YES. He knew there was a better way to live a rich life—if we could use psychology to focus on what actually works. Not just for personal finance, but all aspects of life: money, careers, relationships, business, fitness, and more. Since then, he's been testing and sharing his findings with the world via I Will Teach You To Be Rich. He's also written a New York Times bestselling book, been profiled in a 6-page Fortune article, and been pictured next to Warren Buffett in Forbes Magazine, as well as been featured by a long list of media, including the Wall Street Journal, ABC News, NPR, Fox Business, PBS, CNBC, and more. He also has tons of documented success stories—more than 20,000.

The original post is located here: https://www.iwillteachyoutoberich.com/blog/ramits-hall-of-shame/

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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
real quick i recommend listen to the show on spotify we can listen to all of your favorite artist and podcast in one place for free without a premium account spotify has a huge catalog of podcast on every imaginable topic plus he can follow your favorite podcast so you never miss an episode premium users can download episodes to listen to offline wherever and whenever and easily share what you're listening to with your friends on instagram so if you haven't done so already be sure to download the spotify app search for optimal living daily on spotify or browse podcast in the your library tab also make sure to follow me so you never miss an episode optimal living daily this is optimal living daily episode fourteen forty one remains hall of shame by remains eighty of i'll teach you to be rich dot com and i'm just a moloch this is the podcast may act as a personal narrator for you for free usually from blog sometimes from books but in either case always with permission from the author today's authors normally narrated on optimal financed daily but this one fits pretty well into the person
well my category so i read the article here for you if you like this episode dudley check out optimal financed here for more from ramit but for now get right to it as we optimize your life remain hollow shame burmese atv i teach you to be rich dot com i was laugh when they hear someone asked what was your mom embarrassing moment do you sir you think i would ever tell you for normal people there are most embarrassing moment involves thing their pants at the age of twenty six getting really rejected when proposing to their girlfriend of three years in front of a crowd at central park or acquitting their job and showing up to the new better job on the first day only to find out they never actually got the job i know people who have done all these things you shall see me laughing as i wrote last paragraph god i love it also i'm goin so while i really like you i'm sure is not good
i tell you my most embarrassing moment but i will tell you some things that have gone wrong reasons failure number one i royalties you're not my chance to talk at ted once again i got introduced to the woman who chooses the speakers at ted i couldn't wait to talk with her speaking a ted has been a dream for years so i got ready took taxi to the meeting and waited in the lobby to meet her when she came out we made small talked and she said okay would you have for me i come up with a few ideas of the past couple of days the picture as soon as the words came out of my mouth i could tell it was over there was zero reaction she said as you know our audience includes people like bill gates and how would this appeal to him ass she walked me i should even say let me know when you have a better idea instead she said nice to meet you thank you for coming in it wasn't her fault it was mine i'm done my normal level of preparation and it showed failure number two brutally rejected at a ball
i had on a woman at a bar only to find out that she wasn't interested failure number three and i'll teach you to be rich product you ve never heard of earlier this year i came up with an awesome idea for a new course my modeling indicated which over a million dollars a year it would be totally new but pull from it genius business model invented decades ago it would be massive scalable has been three months i researched and i excitedly turn it over to the ita beauty product team i told them to look into it and build off of what had initially done they came back about two months later with one recommendation never do this this has happened before on our team we have a nice bow of irrationally optimistic me an extremely garden and weary of burmese crackpot ideas my team however i usually get together with them and it ends up working out this time they put their foot down they showed me ten different reasons why
would never work they showed me more sophisticated models and mine they showed me several points i had thought of finally after investing six months of heavy research with a heavy heart just kidding i have no heart my till the project they were right i was wrong there is no happy ending to the story that's it at internet around and make it into a charity benefit that help poor korean kids we just spent fifty thousand dollars plus and our research is now shelved away probably never to see the light of day that sucks why sharing these failures with you as you may remember i keep my failures logged in a gmail folder did not wake up today and plan to share my failures with five hundred thousand plus readers i'd rather spend all day writing about how great i am once you but have also learned that the most successful people are honor intuitively the most open about their weaknesses for example if you ask a top performer what are your weaknesses
a laugh and say how long do you have they brutally honest about the exact shortcomings they have they have trouble prioritizing they are struggling with work life balance the ten a rush things when it gets a swell notice that less experienced people will instinctively try to hide their weaknesses as if we can't spot them from a mile away why we hide our failures as a guy who became expert at hiding my weaknesses skinny indian guy will she liked me because i've hair on my chest lowest math great in my class again i understand why we don't like to share a reminded of one of my favorite speeches from the west wing where president oh candidate santos talks about how we're all broken and yet over time i came to love and seek out failure because each time killed i learn something new and with each failure i broke through a small barrier which chemo we helped me achieve mastery without feeling too
who three a hundred times i couldn't be successful in fact i still fail at over fifty percent of new in it it is an i'm good at what i do i want to show we want technique has been instrumental in my life when i'm facing the fear failure or even judgment from other people warning this technique is deceptively simple booking completely changed your mind how to handle fear failure and judgment when we're facing the possibility of failure arms is going a hundred different directions to try and convince us to take a different path you can calm your inner critic by using the what if i were perfect technique to do it you trick your mind by thinking about how a perfect competent confident person would handle the situation for example you might say a measure of this job is something i want to do for the rest of my life you doubt applying then decide not to do it then stay miserable electric your current job and miss out on a potential dream opportunity musingly
what if i were perfect technique you could tell yourself i know this is isn't permanent men i could easily change course if this one is a right for me you apply and maybe it doesn't work out but maybe it does and you find a new job you love you can use this new technique everywhere your love life asking someone out your job approaching your boss about arrays or your social life going to that new painting class even if you don't know anyone this technique will help you i am aware of your mental barriers and to feed them before they hold you back your challenge try the what if i were perfect technique to overcome your fear of failure now i want you to think of one thing you want to try this month but you haven't done it yet because you're scared a failing tell me how you typically respond thank you sample of how you could use the what if i were perfect technique i'll star was one that got me for years hosting events typical approach what if i hold this event nobody comes thou be embarrassing forget it maybe all hold up
next year when my audience is bigger what if i were perfect approach of him make this a can't miss events even if hardly anyone comes the people who are there are going to talk about it for months you just listen to the post titled permits hall of shame by ramit say to you i'll teach you to be rich dot com a real quick things to anchor for hosting this podcast anchor is the easiest way to make a podcast they'll distribute your podcast for you so it can be heard everywhere spotify apple podcast google podcast and many more you can easily make money from your podcast to with no minimum listenership anger gives you everything you need in one place for free would you can use right from your phone or computer creation tools allow you to record and edit your podcast so it sounds great download
you're up or go to anchor dot fm to get started they eat your meat for sharing his failures malta tough thing to do and met hacking deadly understand as i've tried logging podcast that we'd din and continuing for one reason or another will likely discontinue another but start more also and we'll see how that goes off announcement about that soon hoping it's not a failure but it's true without those failures i wouldn't have had the successful one so it's all good and maybe try out that what if i were perfect approach and see how it changes how you handle things let me know how it goes but that's enough for today have a great rest of your day and i'll see you tomorrow with a post from zen psychiatry and
optimal life awaits hey this is dan from the optimal financed daily podcast which is a lot like this show except more focused on personal finance just in hand picked the best posts he can find from blogs and authors like we're meet safety mr money moustache and more and i read them team five days a week so if you can join this punk cast come on over and subscribe to optimal financed daily to and together we optimize your financial life you ve been listening to optimum living daily be sure they hit the subscriber to stay up to date on the issue at the summit and heads pod cast dachau that's o elsie i cast doc
give as well as more actionable tips and resources to help you maximize your potential thanks for joining us remember your optimal life awaits
Transcript generated on 2020-01-21.