The Lazy Man’s Guide to Success

Dear Money & Crisis Reader,

Almost every aspect of your life is dependent on the habits you keep.

Your financial situation. Your health. How good you are at your job.

Sure, there’s going to be a certain amount of luck involved. People get hit by buses and win the lottery all the time.

But on the whole — and allowing for some of those big upsets — your life, and how good your life is going to be, is defined by the little things you do every day.

The more you cultivate good habits, the better your life becomes.

Think about it this way: If you discover a way to make an extra $500 this week – it’s going to be nice… but it’s not going to make you rich. But if you find a way to make an extra $500 every week for the rest of your life…

Well, now we’re getting somewhere.

This is how millionaire investors get rich… how world-class athletes beat out the competition… and how idea machines pump out money-making ideas…

As Charles Duhigg puts it in his book The Power of Habit, “Champions don’t do extraordinary things. They do ordinary things, but they do them without thinking, too fast for the other team to react. They follow the habits they’ve learned.”

Basically, the more you do something the easier it is to do. And I don’t just mean physically easier… it’s mentally easier too.

It can be hard to motivate yourself to go exercise. But someone who is in the habit of exercising doesn’t even think about it. They just do it. Once you understand this, achieving your goals becomes so much easier.

Lord knows, the power of habits probably saved my life.

You see, folks, I would categorize myself as “lazy.” In terms of willpower and energy, my tanks have always been low – even when I was a kid.

I don’t like doing stuff. I get bored and restless very easy, so it’s hard to keep my attention.

But with a three simple habits, I’ve been able to “hack” my life into the life I wanted.

  • I always try to live about 30-40 minutes’ walk from where I work. This keeps me healthy without even thinking about it.
  • I write every day (not just to you guys, I work on other projects as well). This keeps my mind sharp and my writing tight.
  • When I get bored or restless, I switch to what I like to call “productive entertainment” — such as a fun article or podcast that’s educational in some way. This refreshes the brain and ensures I’m always learning.

I keep a few other small habits. But these are the big three and have a huge knock on effect on everything I do.

For today’s issue of Money & Crisis, I sat down with James Altucher, an expert on transforming bad habits into good.

All the best,

Owen Sullivan

Owen Sullivan
Editor, Money & Crisis

P.S. One of the best “good habits” is a side hustle that makes you rich in your spare time. Check out this powerful income-building strategy for yanking $3,000 out of the stock market and pick up a life-changing habit today.

My 10 Commandments of Freedom

James AltucherAt 24, I had all the bad habits.

I ate horribly. I could eat McDonald’s four meals a day, drink until I passed out, and then start again the next day.

I had bad relationships. And I was bad to my family, my professors, my girlfriends, and sometimes my friends.

I had horrible acne, cysts that constantly had pus running down my face, a huge nose, crooked glasses, and tangled hair. I was too skinny and my head was too big.

I asked one friend of mine if a girl would ever kiss me. He said maybe smile more and just enjoy life.

Then I went to college and I became dependent on people liking me. I was so insecure I was convinced every girl was cheating on me.

Then I tried LSD for the first and only time when I was 22. After that, I lost all interest in programming and I only wanted to become a writer.

Day and night, I would write.

I stopped going to classes and I was thrown out of graduate school.

I changed my sleep schedule as an experiment but it worked.

I slept from four to eight in the afternoon and four to eight in the morning. I still got eight hours in.

Then from 8am to 4pm, I’d read books and write short stories and novels. And then from 8pm until midnight, I’d hang out with friends. Then start writing again.

I took an easy job programming so I could have time to write.

The World Wide Web was just starting and many of my grad school classmates quickly became $10, $20, $100 millionaires.

I had no interest. I thought people would only like me and respect me if I published a novel.

I wrote about 40 short stories. I wrote several novels.

Here are some of the titles of the novels: “The Book of Orpheus”. “The Book of David” (I liked “The Book of…”), “The Porn Novelist, The Romance Novelist, The Prostitute, and They’re Lovers”, and “How I Saved the World From Mutual Assured Destruction.”

None of them got published. I sent each one out to about 30 publishers and got form letter rejections back. Not a single letter saying, “Keep it up!”

I don’t understand why I continued writing but I did.

When I liked a girl (woman? I don’t know, I was just a boy) I would wait outside her apartment in the morning until she left her place for work and I would say, “Hey, I was just passing by”.

Yes, I was a living, walking cliché.

I indulged in every bad habit.

I learned how to hitchhike. To hitchhike well, you have to make your body and face and posture seem like the sort of person who won’t kill other people and will be entertaining at the same time.

I’d stand on the highway and I hitchhiked home from work every single day.

I got so good at hitchhiking that if my friends and I were going to go to a restaurant I’d race them: they’d be in their cars and I’d hitchhike. Sometimes I’d beat them.

I wish I had followed the 10 habits I’m about to suggest. I was 24 and didn’t know any better.

At 24, I thought I knew everything. I thought I had to immerse myself in my bad habits so I would have things to write about.

I was wrong.

At every age in life, the most important values are FREEDOM, CONNECTION, and IMPROVEMENT.

Trying to live the life of a hero will only make you a loser.

Below is the way I try to live now. But I regret not doing most of these things at 24.

Then again, the best time to start something is 10 years ago or today.

These are my 10 Commandments of Freedom, made up of five freedoms and five processes.

The Five Freedoms

1. Freedom from health concerns: Eat, Move, Sleep well. DON’T be a prisoner of your body.

2. Freedom from money concerns: Spend less than you make. I’ve had $15 million and spent more than I had and was suicidal. I’ve also had a salary of $27,600 and spent less than I made and I was free.

Don’t be a prisoner of your bank account.

3. Freedom from outcomes: Process > Goals. Don’t write to publish a novel. Write to become a better writer. Don’t try to get rich. Get good at providing value. Don’t try to be the No. 1 opera singer. Practice singing every day. Process is today. Outcomes are fantasies that are unpredictable and you have no control over.

Don’t be a prisoner of unreasonable goals or society’s expectations.

4. Freedom from validation: The need for approval is just a dopamine hit. Dopamine spikes when you get an Instagram like. Dopamine is the same neurochemical that spikes when you take cocaine. Need for validation is no better than a coke habit and I’ve seen it ruin careers and friendships. It’s a bad addiction.

Don’t be a prisoner of other people’s opinions.

5) Freedom from toxic people: Find your true scene of people who love you and who you love. Don’t be a prisoner of those closest to you. They are often the ones who will bring you down.

This also means you can’t become toxic. Always be honest. Reach out to people instead of just “liking” their photo. Be honest even if it means hurting someone. Because it will only get worse later.

Those are the freedoms. Now you need Processes to get those Freedoms. Process will always be the fire that will light your way when you are lost.

Five DAILY Processes

1. Read every day: Quality fiction, quality nonfiction.

Quality fiction: because it makes you a better writer. A better communicator.

Quality nonfiction: because even if you even learn 1% of what you read, that’s 1% more than everyone else.

2. Creativity: Write down 10 ideas a day on a waiter’s pad. This exercises the creativity muscle until your creativity is a super power.

This one process has changed my life 10,000% over the past 17 years.

It has made me millions. It has helped me change the lives of others. It has helped me be a better speaker, communicator, friend, spouse, parent, employee, manager, entrepreneur, and advisor.

It has given me empathy – not an easy skill and I hope to always get better

3. Secret charity: Superman is anonymous and he saves people. Do the same.

It will make you feel good, it will amaze the people who get a glimpse of what you are up to, and it will save the world bit by bit.

4. Connect: Connect with friends, family, community. Positive connection is a life force that feeds us. We NEED it.

5. One-percent improvement: Whatever you are interested in, try to improve 1% a day. Compounded, that’s 3,800% a year.

The fastest way to achieve financial flexibility is to follow the above. But true freedom is not needing the validation of others.

Once you find this, and can really feel it, everything will unravel the way you want it to. The courage to live your unique life will be yours.

Your life, not the life your parents, or peers, or romantic partners, or bosses, or professors want you to lead.

Only YOU are qualified to lead your life.

I wish I had started all of this at 24. Some people are mature enough to do this. But I wasn’t.

I failed too many classes and jobs, I was clingy in too many relationships, I was goal-oriented and desperate to achieve those goals. I woke up outside my apartment lying in the grass too many times.

I hope I’ve learned better by now.

I often feel it’s too late for me.

But maybe that’s part of the process.


James Altucher

James Altucher

Editor’s Note: Pick up a good habit today with James’s powerful income-building strategy. You can use this technique to yank $3,000 out of the stock market every month. Click here and he’ll show you how to do it yourself. Don’t delay. You only have until midnight Sunday to take him up on his offer.

Chris Campbell

Written By Owen Sullivan

Owen Sullivan isn’t a millionaire or one of the Wall Street elite. He was just one of the many folks who was hit hard when the housing bubble burst… and decided he was never going to let that happen again. Since then, he’s worked with industry experts to develop strategies and techniques to bulletproof his finances — and yours — against the next crisis. His methods don’t require years of financial experience. These are simple strategies that anyone can follow. After all, financial prepping shouldn’t be reserved for a select few.