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Huffduffed (28)

  1. Ep. 159 - Derek Sivers: The Zen Master of Entrepreneurship - Altucher Confidential

    The most powerful currency in the world is not what you think.

    Not anymore.

    We’re turning to a new economy with two new, powerful currencies.

    And you have an opportunity, right now, to build a more fulfilling and rewarding life.

    I’m going to tell you what these two currencies are and how to leverage them successfully. 

    But before I do, I want to introduce you to Derek Sivers. He’s an influential thinker, speaker, entrepreneur and the zen master of entrepreneurship writing.

    If you’re starting a business, you have to read his book, Anything You Want: 40 Lessons for a New Kind of Entrepreneur. It’s in my top three.

    Derek built his business, CD Baby, around doing people favors. It became the largest seller of independent music online, with $100 million in sales for 150,000 musicians.

    Derek later sold CD Baby for $22 million and gave the proceeds to charity.

    “If you focus entirely on others the world seems to reward you the most,” he says.

    That’s one of the two most powerful currencies today: favors.

    But there are limits.

    “You have to serve others within the limits of what you’re able to sustainably do. You can’t do something that makes you absolutely miserable,” he says.

    That’s choosing yourself.

    I got a lot of ideas from interviewing Derek, which is the other currency: ideas. But you already knew that.

    Derek moved to New Zealand. He takes 3-day hikes, spends 30 hours a week with his family, and answers thousands of personal emails asking for his advice.

    He wrote a list of his priorities and said “I don’t want to do anything else right now. (No more interviews or speaking at conferences until further notice.)” This is his last interview for awhile.

    I’m grateful he chose me. Chose us.

    And chose himself.

    I encourage you to write him.

    And listen to this interview. Share what you learned.  I wrote a list — 7 ways to a “make a killing” and master the new economy.

    Derek quoted Kevin Kelly, futurist and founder of Wired. He said, “We should focus on making a living, not on making something huge.”

    Derek changed it to “It’s about making a living, not making a killing.”

    To me, that’s success in the new economy.

    7 ways to a “make a killing” and master the new economy:

    A) Leave in the cracks

    Derek was listening to Sheryl Crow. But he didn’t know it was her. Her voice cracked. And she got his attention. “That little fault is what made me like her,” Derek said.

    B) Admit your faults

    I know I’m bad at a lot of things. Derek gave an example. When I interviewed Ramit Sethi, I admitted I forgot to read something. And I wasn’t totally prepared.

    “To me it kind of seems like a brilliant way of asking the world to love you,” Derek said.

    And maybe it is.

    Everyone wants love. How sad is it that we, as humans, contemplate hiding ourselves?

    We have two choices: be yourself or fear being yourself.

    C) You can always disappear from your problems

    But do you want to? Did Kurt Cobain kill himself because he was too famous? Or because he got everything he wanted? And didn’t know what to do with it.

    We always want things. Happiness, love, appreciation.

    But then do we ask for the right things? Raises, promotions, more responsibility, less freedom?

    You can choose f-ck you money and f-ck you problems. Or you can focus on happiness. That’s what Derek did.

    He had a company, CD Baby. It’s basically the original iTunes. People said he’d get a lot of money with an IPO. But he didn’t do it.

    “What’s the point of making money?” Derek said, “ It’s to be happy.”

    “And if it would make me unhappy to have so much responsibility then I’d rather not make more money. I’d rather just focus on the happiness.”

    D) Do more favors

    Anyone can do this.

    Derek started by selling old CD’s online.

    He made money right away. So people asked for favors. Can you sell my old CDs?

    He said yes. And it spread. Friends of friends asked. Then strangers and soon he had a profitable business.

    But do it for yourself first. Learn the skill. Then, do it as a favor for someone else. See if more people ask. And then you have a business that cost you no money to create.

    E) Answer asks

    Derek didn’t offer to sell his friend’s CDs. They asked him.

    “By doing favors for people it implies that people are asking you to do those favors and to me the key is the asking,” he says. “Bluntly put, you shouldn’t start a business unless people are asking you to.”

    F) Passion is poison

    Only search for passion if searching for passion is your passion.

    We’re brainwashed to believe we’re not alive. That we need a purpose. But you’re alive.

    Passion or no passion, you are alive.

    Derek says, “Instead, just follow the little things that interest you. Just notice on a day-to-day basis what you’re drawn towards.”

    G) Only have good goals

    That’s how Derek became “a writer, speaker, thinker kind of guy.”

    The idea came to him. And suddenly he was inspired. “I put so much work into this and then within nine months I was speaking at TED in front of Bill Gates, Larry Page and all these intimidating people.”

    He says, “A good goal is one that actually changes your actions in the moment. Goals are not about the future,” he says. “Goals are about changing the present moment, changing your present actions.”

    Listen now to my podcast with Derek Sivers. And let us know what you think.



    Resources and Links:

    Email Derek – derek@sivers.org

    Read his list of priorities. And get inspiration to write your own.

    Read his book Anything You Want: 40 Lessons for a New Kind of Entrepreneur

    Follow Derek on Facebook & Twitter

    Watch his TED talks: Weird or Just Different?, How to start a movement, Keep your goals to your self.

    Also mentioned:

    Smartcuts: How Hackers, Innovators, and Icons Accelerate Success by Shane Snow

    Blue Microphones Yeti


    Freshbooks – the #1 invoicing software for small businesses. I know and work with people who use Freshbook. It’s a really easy service. If you’re a freelancer or have your own business, I recommend Freshbooks for you. Go to www.freshbooks.com/james and let them know I sent you. Thanks.


    —Huffduffed by potatowire

  2. Buddycast – Buddy Cast

    …there was a love for technology and gadgets. There was also a love for podcasts. For several years a group of strangers whose paths crossed through through these things became friends and chatted on Twitter, App.Net, Forums, Slack chat rooms. Now we’re graduating to a podcast. We have all podcasted before, but never all in the same place, at the same time.

    These are the conversations around the virtual water-cooler that is the internet. We’re in it have a good…more…


    —Huffduffed by potatowire

  3. The Talk Show ✪: Ep. 132, With Guest Marco Arment

    The Talk Show

    ‘Peace, Porn, and Privacy’, With Guest Marco Arment

    Saturday, 3 October 2015

    Marco Arment joins the show for a brief chat on ad blockers, advertising in general, and the new iPhones 6S.

    Download MP3.

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    Fracture: Your pictures, printed directly on glass. Photo, frame, and mount, all in one. Save with code “DARINGFIREBALL”.

    Igloo: The intranet you’ll actually like.


    Marco on pulling his content blocker, Peace, from the App Store.

    “Underscore” David Smith on the available free space of 16 GB iPhones in actual usage.

    The New York Times measures the real-world benefits of iOS ad-blocking on 50 top news sites.

    Hello Internet.

    Episode 56 of Jason Snell and Myke Hurley’s Upgrade, wherein they discuss just how much of a pain in the ass it is to upgrade to a new iPhone.


    —Huffduffed by potatowire

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