A 1285 slide presentation on everything I learned in my 20s on life, entrepreneurship, and the world, created in advance of my 30th birthday on August 14, 2014.
See full presentation at http://hive.org/20s
4. Well, hello there
Best,
Ryan Allis
If you have questions or thoughts, feel free to email me anytime via
ryan@connect.com.
Hi there,
I’m Ryan. I’m an entrepreneur living in San Francisco.
I created this presentation in advance of my 30th
birthday on August 14, 2014 to share what I learned
in my twenties about life, entrepreneurship, and the
world. I hope you will find it useful!
5. TOPICS
THIS 1285 slide PRESENTATION COVERs What I’ve learned about
LIFE
entrepreneurship
The world
1
2
3
567 SlIDES
449 SLIDES
269 SLIDES
7. PART 2 TOPICS
The big opportunities
Entrepreneurship
Leadership
Business planning
Product development
Innovation
PART 2 “ENTREPRENEURSHIP” INCLUDES SECTIONS ON
Venture capital
Marketing
Building systems
Building a team
Strategy & execution
Steps to get started
8. Human rights
Human progress
Systems thinking
World 2050
PART 3 “THE WORLD” INCLUDES SECTIONS ON
PART 3 TOPICS
Millennials
Climate change
The innovation age
9. TARGET AUDIENCE
MY PRIMARY TARGET AUDIENCE
IS MILLENNIALS 15-35
WHO ARE INTERESTED
IN MAKING A POSITIVE
DIFFERENCE IN THE WORLD
14. For some context, here is my background
Born 1984 in Pittsburgh, PA
SON OF A MINISTER from USA & A SOCIAL WORKER from UK
GREW UP IN Woonsocket, Rhode Island and Bradenton, florida
Started learning web development at age 12 in 1996
Majored in econ at UNC-Chapel Hill
Led a software COMPANY CALLED iConTACT from age18-27
Grew icontact to 300 employees then sold company for $170M in 2012
Started mission-driven angel fund called connect ventures in 2012
WENT TO Harvard business school FOR MBA in boston
LEFT HBS after first year TO launch CONNECT in SF
Now living in san francisco and loving it
15. And here are some of the Topics I’m Passionate about
THE ROLE OF BUSINESS & TECH IN MAKING THE WORLD BETTER
Purpose-driven companies & Social enterprise
CREATING A WORLD WITHOUT POVERTY
CREATING A SUSTAINABLE WORLD
BUILDING GREAT COMPANIES and cultures
INTERNATIONAL RELATIONS & Development economics
JOY AND HAPPINESS
SCIENCE & INNOVATION
Purpose-driven LEADERSHIP
TRAVEL & EXPLORATION
GOVERNMENT & PUBLIC SERVICE
THE MIND & UNDERSTANDING OURSELVES
16. What I’m deeply passionate about
Helping CREATe An ABUNDANT, SUSTAINABle, and joyOUS WORLD FOR ALL PEOPLE
All people can live
peaceful, mindful, and
joyous lives
All people can live on a
sustainable planet with
clean energy
All people have access to
the six basic human needs
1 2 3
17. What I’m working on on today
These days I’m the ceo of connect and the chairman of hive in san francisco
www.connect.com
www.hive.org
Helping people and groups stay connected
A global network of leaders working
on creating a better world
18. If you enjoy this presentation also check out
www.startupguide.com
www.hive.org/book
24. THE IMPORTANCE OF GOALS
In my experience
Those who write down
& FRAME THEIR GOALS
ARE THE MOST EFFECTIVE
HUMAN BEINGS AT CREATING
A BETTER WORLD
25. THE IMPORTANCE OF GOALS
WHEN YOU WRITE a goal DOWN your
subconcious BRAIN BEGINS TO MORE actively
think about bringing into your life
THE PEOPLE, RESOURCES & KNOWLEDGE
YOU NEED TO ACHIEVE your GOALS
26. THE IMPORTANCE OF GOALS
WHEN YOU know what you’re up to
In the world your mind can naturally
Filter opportunities to find those that
Match your goals
27. I STARTED WRITING DOWN MY GOALS AT 16
I STARTED WRITING DOWN MY GOALS
AT AGE 16 in the year 2000
AFTER MY MOM GAVE ME THE BOOK
THINK AND GROW RICH
28. I STARTED WRITING DOWN MY GOALS AT 16
THE FIRST EVER GOAL
I wrote down at age 16 was
“BUILD A COMPANY TO $1M IN SALES BY 21”
29. I MISSED MY FIRST BIG GOAL
I MISSED THIS GOAL
By 18 days
I TURNED 21 on August 14, 2005
iContact reached $1M in sales on
September 1, 2005
30. I STARTED WRITING DOWN MY GOALS AT 16
I wouldn’t have even come close
To achieving this goal had I not
Written it down
WRITTEN GOALS ARE INDEED POWERFUL
FOR FOCUSING THE MIND
31. REFLECTING ON GOALS
I’ve been AMAZED AT WHAT I’VE BEEN
ABLE TO SEE, and EXPERIENCE and
HOW LIFE HAS BEEN ENRICHED SINCE
I BEGAN WRITING DOWN GOALS
AND THEN PURSUING
THE HECK OUT OF THEM
32. REFLECTING ON GOALS
HERE ARE JUST A FEW
OF THE THINGS in life
I’ve been able to achieve
In my twenties due to
writing down my goals
And then pursuing them
33. Age Goal Achieved
21 GREW icontact to $1M in sales
23 Raised $5M in venture capital Series A round for iContact
25 Raised $40M in venture capital Series B for icontact
26 icontact reached 300 employees and $50M in annual sales
Joined united nations foundation Global entrepreneur council
Got to Meetworld leaders like ban ki moon, kofi annan, bill clinton, barack obama
27 Sold icontact for $170M to a public company
Started impact investing firm Connect VENTURES
Visited kenya, Uganda, rwanda, egypt, ghana, Invested in off-grid electric in tanzania
Got into harvard business school
28 Invested in spacex, change.org, lendingclub in Silicon Valley
Completed year one of HBS MBA in boston
Started Connect in san francisco
29 FINISHED Losing 50 pounds (205 ! 155)
Started meditating daily
Connect passed 1 million users
What’s happened in my 20s due to writing my down GOALS
41. 1 Year goals
GET CONNECT TO 2M MONTHLY ACTIVE USERS
RAISE SERIES A FOR CONNECT
GROW HIVE FROM 80 TO 300 GLOBAL MEMBERS
PUBLISH EVERYTHING I’VE LEARNED BY 30
MEDITATE OVER 300 TIMES (6X/WEEK)
VISIT ARGENTINA & ENGLAND
42. 10 Year goals – by 2025
100m people use connect to stay connected
built hive into a global community of people working to
create a better world with 10 Profitable locations
traveled to over 50 countries exploring perpsectives on
Human potential and spirituality
Published a book on creating a better Life, Company, & world
Built a relationship with an amazing life partner
Become an extraordinary father
43. LIFETIME GOALS
Live a joyous, happy, and fully alive life
Be an extraordinary partner and father
Create a profitable hive in 1000 cities
BUILD a global community of extraordinary people
working on creating a better world
49. GOAL SETTING PROCESS
OPEN UP GOOGLE DOCS
CREATE HEADINGS For 1 YRs, 10 YRs, AND LIFETIME
THEN WRITE DOWN 5 TO 7 GOALS IN EACH CATEGORY
MAKE EVERYTHING FIT ON ONE PAGE
MAKE SURE ALL GOALS ARE MEASURABLE SO YOU’LL KNOW IF YOU GOT THERE OR NOT
1
2
3
50. PRINT OUT TWO COPIES
SIGN THEM
FRAME THEM
4
5
6
GOAL SETTING PROCESS
51. PUT ONE FRAME IN YOUR BEDRO0M
PUT ONE FRAME AT WORK
SHARE YOUR ONE-PAGER WITH A CLOSE FRIEND
7
8
9
GOAL SETTING PROCESS
52. 10
11
12
DEC 26-31 CALCULATE RESULTS
GREEN = MADE IT
YELLOW = 50%+ there
RED = <50% there
UPDATE GOAL SHEET FOR THE NEXT YEAR
& REPRINT/RESIGN/PUT IN FRAME
GOAL SETTING PROCESS
53. MAKING YOUR GOALS AMBITIOUS ENOUGH
OF YOUR GOALS
IF HIGHER, THEN
YOUR GOALS ARE NOT
AMBITIOUS ENOUGh
66%
YOU SHOULD BE HITTING AROUND
59. A quote
“When you grow up you tend to get told the
world is the way it is and your life is just to
live your life inside the world. Try not to
bash into the walls too much. Try to have a
nice family, have fun, save a little money…
That's a very limited life. Life can be much
broader once you discover one simple fact…
Everything around you that you call life was
made up by people that were no smarter
than you and you can change it, you can
influence it. Once you learn that, you'll never
be the same again.”
- Steve Jobs
61. MOST PEOPLE NEVER create THEIR
LIFE PURPOSE
Instead they get sucked into the
Dreaded vortex of passionless mediocrity
(Don’t let this happen to you)
AVOIDING THE VORTEX OF MEDIOCRITY
62. CREATING YOUR LIFE PURPOSE
THERE ARE TWO TYPES OF PEOPLE
1. THOSE WHO LIVE WITH PURPOSE
2. THOSE WHO DO NOT
63. creating YOUR LIFE PURPOSE
THOSE WHO TAKE THE TIME TO CREATE
THEIR LIFE PURPOSE OFTEN ARE ABLE To
LIVE WITH EXTRAORDINARY ENERGY
AND MOTIVATION & OVERCOME CHALLENGES
Most could not dream of
64. A QUOTE
- HOWARD THURMAN!
“Don’t ask what the world needs.
Ask what makes you come alive.
Because what the world needs is
People who have come alive.”
65. LIFE HAS NO MEANING
UNLESS YOU CREATE THE MEANING
FOR YOURSELF
LIFE HAS NO MEANING UNLESS…
67. DISCOVERING YOUR LIFE PURPOSE
IF YOU CAN GO THROUGH A PROCESS
TO CREATE YOUR PURPOSE
THEN YOU CAN ADD GREAT MEANING
AND MOTIVATIOn TO YOUR LIFE
68. Your purpose is not
Something you HAVE
Your purpose is
Something you CREATE
Creating YOUR LIFE PURPOSE
69. CREATING YOUR LIFE PURPOSE
Once you have a clear purpose
and goals for your life you can direct
your life rather than letting outside
factors determine your direction
70. TO0 MANY PEOPLE ARE WAITING to
“FIND” THEIR PURPOSE
WHEN IN FACT purpose is something
you CREATE
DISCOVERING YOUR LIFE PURPOSE
71. Standing strong with a clear purpose
You will be able to much more easily
withstand criticism and challenges
when you are internally clear on your
Specific purpose on this planet
72. LIVING A PURPOSe-DRIVEN LIFE
THE COMMON DENOMINATOR AMONG EVERY
SINGLE HIGHLY DRIVEN AND SUCCESSFUL
PERSON I HAVE EVER MET, REGARDLESS OF FIELD,
IS THAT THEY HAVE COMMITED THEIR GOALS TO
WRITING AND CREATED FOR THEMSELVES A
PURPOSE-DRIVEN LIFE
73. Your LIFE IS YOUR MESSAGE
YOUR LIFE IS YOUR
MESSAGE TO THE WORLD
MAKE SURE IT IS
INSPIRING
74. Living a Purpose-driven life
Living a purpose-driven
Life is important to me
Here’s what I’ve created
As My purpose
75. MY life purpose
Help CREATe An ABUNDANT, SUSTAINABle, and joyOUS WORLD FOR ALL PEOPLE
All people can live
peaceful, mindful, and
joyous lives
All people can live on a
sustainable planet with
clean energy
All people have access to
the six basic human needs
1 2 3
84. EXERCISE: CREATE YOUR LIFE PURPOSE
LIFE PURPOSE EXERCISE Instructions:
1. Print out this section so you can write in it with pen
2. Use a timer to give yourself exactly 4 mins per question
3. Write out the answers in the ovals
4. At the end, you’ll bring it all together in a final one-page
worksheet that you can frame if you choose
5. This exercise should take 90 minutes to complete
85. What do you really love doing?
When am I most in flow/in the zone? What excites me? What makes me come alive and be joyous?
4 min
86. What does THE WORLD need?
What does humanity and the world need to thrive? List as many things as you can think of.
4 min
87. HOW CAN I CREATE WHAT THE WORLD NEEDS WHILE DOING WHAT I LOVE?
What are all the things you could do in life that would serve humanity in a big way
and allow you to do what you love? Brainstorm below.
4 min
88. WHAT ARE MY PERSONAL FINANCIAL GOALS?
What do you want your annual income to be in 10 years? In 20?
What do you want to have saved up in investments and savings by age 65?
4 min
89. HOW CAN I GET PAID TO DO WHAT I LOVE?
What could you do in life that would serve humanity in a big way, allow you to do what you love, and create economic
value that allows you to reach and surpass your personal financial goals?
4 min
90. DESCRIBE HOW THE WORLD WILL BE DIFFERENT IN 2050 because of you
Close your eyes for 5 minutes and imagine all the little details of how our world will be different in 2050 because of you.
Then write what you see.
4 min
91. WHAT IS THE CHANGE YOU ARE COMMITED TO?
What is so compelling to you that you might be willing to dedicate your life to making it happen?
In other words, what might be your “life purpose.” Use the space to brainstorm.
4 min
92. WHAT IS THE CHANGE YOU ARE COMMITED TO?
See if you answer the above question as simply as possible so that a 10 year old would understand it.
Try to do it in fewer than 15 words (no pressure, this is just a draft). This could be considered your “life purpose.”
4 min
93. POSSIBLE METRICS OF SUCCESS
What are some metrics to track whether your life purpose is being realized in the world over the next 35 years? Make these metrics
specific and quantitative so it will be clear when you’ve achieved the impact you want to make in your life.
Examples: Global infant mortality < 1%; Global energy from renewables >95%; Carbon dioxide under 350
PPM; Homelessness in Oakland, CA down by 80%
4 min
94. HOW MIGHT YOU MAKE THIS HAPPEN?
What can you create/build/do during your life to help make this world that you dream of real? It’s okay
if you aren’t completely sure yet. Brainstorm ideas.
4 min
95. LIFETIME GOALS
Brainstorm some goals for the rest of your life that align with the impact you want to make. Think about areas of life like
health, travel, experiences, adventures, work, finances, relationships, and impact.
4 min
96. 10 YEAR GOALS
Brainstorm some goals for the next ten years that align with the impact you want to make. Think about areas of life like
health, travel, experiences, adventures, work, finances, relationships, and impact.
4 min
97. ONE YEAR GOALS
Brainstorm some goals for the next year that align with the impact you want to make. Think about areas of life like health,
travel, experiences, adventures, work, finances, relationships, and impact.
4 min
98. 90 DAY Action plan
What are the very first action steps you can take over the next 90 days to start realizing your vision? Who should
you reach out to? What should you look into? What habits do want to start and stop?
4 min
99. YOUR DESIRED WAY OF BEING
Examples: Joyous, mindful, alive, focused, driven, ambitious, kind, compassionate, loving
As you go about your journey in life, how do you want to be inside and come across to others?
What words do you want to define you?
4 min
100. HOW OTHERS WILL REMEMBER YOU
Examples: “I will be known in the world as the sustainable energy person”
“I will be known in the world as the women’s rights advocate”
“I will be known in the world as the global leaders convener”
People will help you reach your goals if they can remember what you’re all about. If often hard to discern what the people you meet are up to
and who they need to be connected to. Make it simple for others you meet to remember what you’re up to by finishing the below sentence
and making sure those you meet know what you’re up to in the world.
I will be known in my community as the
_______________________ ____________________
person.
4 min
101. NOW BRING IT ALL TOGETHER
On the next page is a blank life plan form.
Give yourself some time to review and reflect on all your answers from the brainstorming
session. Then print out and fill in the life plan form with a pen or pencil. Feel free to adjust
your answers as you go, but don’t worry too much about getting it perfect.
Consider this form as just a draft. You can print out another one anytime.
There are no right answers and you can re-do your life plan as often as you want. I find just
having something written down helps people a lot. I actually recommend re-doing this
exercise at the end of each year.
I suggest framing the page after you’re done and putting it up in your office or bedroom.
Worksheet!Instruc.ons!
15 min
102. Life purpose
1 year goals
90 day action plan
Signed on _______________, _______ 20___ X______________________________________
Metrics of success by 2050
My desired way of being
How I’ll make It happen
Lifetime goals
I will be known in my community as the ______________________________ ______________________________ person.
10 year goals
Life Plan of ___________________________________
103. EXERCISE: CREATING YOUR LIFE PURPOSE
As an example
Here is my current “life plan”
In the 1 page format
I update it about 1x per year
104. Life purpose
Example: Life Plan of Ryan Allis
Signed on _______________, _______ 20___ X______________________________________
Metrics of success by 2050:
Desired way of being:
How I’ll make It happen:
I will be known in my community as the global leadership person.
Building a movement that creates an abundant, sustainable, and joyous world for all people
1) All people have access to the 6 BHNs 2) 95% energy from renewable sources 3) 0 major conflicts globally as defined by the UCDP
1) Build Connect into a global platform for connecting communities
2) Build Hive into a global community of extraordinary leaders who are creating a better world.
Joyous, happy, fully alive
90 Day Action Plan
10 year goals
Lifetime goals
1. 1 million people us Connect each day to stay connected
2. Publish a book about making a difference in the world for initial feedback
3. Hold 4 Hive Global Leaders Programs in San Francisco
4. Visit South America for the first time
5. Build habit of meditating 6x per week
6. Deepen relationship with Nadia
1. 10 million people use Connect each day to stay connected
2. Grow Hive to 10 profitable global locations
3. Train others to hold Hive gatherings
4. Build a relationship with an amazing life partner
5. Travel widely to explore perspectives on human society, spirituality, and human
potential
6. Publish a book on creating an extraordinary life, world, and company
1. Be an extraordinary partner and father
2. Catalyze a movement that creates an abundant, sustainable, and joyous world
3. Create a Hive in 1000 cities around the world
4. Create the world’s most impactful network of global leaders
5. Explore widely and be a lifelong learner
6. Live a joyous, happy, and fully alive life
1 Year Goals
1. Hold September 2014 Hive Global Leaders Program
2. Get Connect to 1,000,000 users
3. Prepare Connect for Series A
4. Meditate daily
5. Travel with Nadia to England
6. Publish Everything I Learned By 30 Presentation
105. EXERCISE: CREATING YOUR LIFE PURPOSE
Once you have it Share your life plan
With five friends & mentors
In the next 14 days
AND GET THEIR FEEDBACK AND INPUT
THEY MAY BE ABLE TO CONNECT YOU TO
PEOPLE WHO CAN HELP
106. EXERCISE: CREATING YOUR LIFE PURPOSE
When you meet people you should
be able to CLEARLY express
Your life purpose
in 15 WORDS or less WITH
AUTHENTIC EXCITEMENT IN A WAY THAT
moves people WHEN YOU TELL THEM
107. A quote
“Each of us must make the personal choice to be a hero or
not, to be committed to something bigger than ourselves or
not, to go beyond the way we “wound up being” and have
the purpose of our lives and our careers be about something
that makes a difference or not, in other words, to be a leader
or not.”
– Werner Erhard
109. A POEM on life
“Short this life is, just one I’ve got, finite in tenure, whether I like it or not. Dead
is embracing fear, replacing dreams with ‘I cannot.’ Alive is taking a new step,
having a shot. I will do the impossible, I will change the world, I will give hope to
a despairing nation, I’ll give bread to a starving girl. I’ll break all the records, I’ll
do what’s never been done, I’ll give and know love, I’ll be a billionaire of fun.
What will you do with today, this hour, this minute? Will you fill with dull and
fear or will you live it? I will not tolerate any foe no matter weapon or munition,
especially if that foe is within me in the form of fear or lack of ambition. Short
this life is, just one I’ve got. Finite in tenure whether I like it or not. As sure as
the eagle I will fly, ’cos I choose, I choose to live until I die.”
- A.E. BALLAKISTEN
117. VISION BOARD CREATING PROCESS
SEARCH FOR & PRINT OUT AT LEAST 5 IMAGES IN EACH OF THE BELOW CATEGORIES
FAMILY
HEALTH
EDUCATION
TRAVEL
Adventure
CAREER
FINANCIAL
QUOTES
VALUES
ART
118. VISION BOARD CREATION PROCESS
ONCE PRINTED & TORN OUT
CUT tO SIZE
THEN PASTE OR TAPE
ONTO YOUR VISION BOARD
THEN SHARE IT WITH A FRIEND
AND HANG IT IN YOUR BEDROOM
125. MY BUCKET LIST
" HELP create a JOYOUS, SUSTAINABlE, and ABUNDANT WORLD
" Take CONNECT PUBLIC ON NASDAQ
" BUILD AN INVESTMENT FUND THAT INVESTS in SOLVING MAJOR HUMAN
CHALLENGES
" CREATE A GLOBAL COMMUNITY OF EXTRAORDINARY PEOPLE WORKING
TOWARD CREATING A BETTER WORLD
126. MY BUCKET LIST
" FINISH MY MBA FROM HBS
" WRITE A BOOK ON HOW TO LIVE A PASSIONATE, MINDFUl,
HEALTHY LIFE
" SOMEDAY WORK IN PUBLIC SERVICE
" SOMEDAY LIVE ON ANOTHER CONTINENT
127. MY BUCKET LIST
# BUILD A COMPANY TO MORE THAN $1 Billion in SALES
# CREATE OVER 1 million jobs
# Visit 100 countries by age 50
# CLIMB MT. KILIMANJARO AND REACH UHURU PEAK
128. MY BUCKET LIST
" DRIVE on NEW ZEALAND’S HIGHWAY 6
" DRIVE on THE CARRETERA AUSTRAL IN CHILE
" HANG GILDE IN RIO DE JANEIRO
" Attend The Clinton Global Initiative
129. MY BUCKET LIST
" TRAVEL TO SPACE on VIRGIN GALACTIC
" MEDITATE WITH DEEPAK CHOPRA
" BE A GUEST ON THE DAILY SHOW
" SEE A CIRQUE DU SOLEIL SHOW
130. MY BUCKET LIST
" SPEAK IN FRONT OF 100,000 people
" GIVE A TED TALK
" ATTEND THE WORLD ECONOMIC FORUM
" JOIN THE UN FOUNDATION BOARD OF DIRECTORS
131. MY BUCKET LIST
" BE A HUSBAND WHO EMPOWERS MY WIFE TO ACHIEVE
HER WILDEST AND BOLDEST DREAMS
" BE A FATHER WHO INSPIRES HIS CHILDREN
" WATCH EVERY DISNEY AND PIXAr MOVIE WITH MY KIDS
132. RELATIONSHIP BUCKET LISTS
IF YOU ARE IN A RELATIONSHIP
TRY CREATING A BUCKET LIST
OF THINGS YOU WANT TO
DO TOGETHER
146. SELECTING YOUR FRIENDS CONCIOUSLY
YOU SHOULD
ONLY SPEND TIME WITH
FRIENDS WHO INSPIRE YOU
147. SELECTING YOUR FRIENDS CONCIOUSLY
IF YOUR FRIENDS Don’t
INSPIRE YOU THEN
FIND FRIENDS WHO DO!
148. BE INTENTIONAL ABOUT THE PEOPLE IN YOUR LIFE
DON’T LET CHANCE
DETERMINE WHO’S
IN YOUR LIFE
149. What carnegie knew
ANDREW CARNEGIE’s EPITAPH SAYS
“Here lies one who knew how to get around him men who
WERE CLEVERER THAN HIMSELF”
150. BE INTENTIONAL ABOUT THE PEOPLE IN YOUR LIFE
IT MIGHT TAKE 5 years
to completely change up
THE PEOPLE SURROUNDING YOU
BUT IT IS ABSOLUTELY
WORTH IT
151. What I LOOK FOR IN MY FRIENDS
Joy
Compassion
Intelligence
Passion
Purpose
152. Intentionally SEEK OUT AMAZING FRIENDS
Random Friends
Chosen Friends
vs.
A high impact life
An ordinary life
153. BE INTENTIONAL ABOUT THE PEOPLE IN YOUR LIFE
IF YOU Don’T LIVE IN An
INTELLECTUAL CENTER
CONSIDER A MOVE
154. TO AVOID MEDIOCRITY
TO AVOID BEING MEDIOCRE
YOU MUST SEEK OUT PEOPLE
WHO ARE NOT MEDIOCRE
AND HANG OUT WITH THEM
155. Your EDUCATIONAL NETWORK
YOUR UNDERGRAD & GRADUATE SCHOOLS
ARE CRITICALLY IMPORTANT NETWORKS
SO PREPARE WELL AND GO TO THE
ABSOLUTE BEST SCHOOLS YOU CAN GET INTO
WHILE AVOIDING GETTING INTO MOUNTAINS OF DEBT
156. Your EDUCATIONAL NETWORK
• Harvard
• Stanford
• MIT
• PRINCETON
THESE schools have some
Of the best networks
So if you can, attend for undergrad,
Grad school, or take an exec program at
• Penn
• Columbia
• Yale
• BROWN
• OXFORD
• CAMBRIDGE
• LSE
• uchicago
157. Your EDUCATIONAL NETWORK
KNOWLEDGE IS CRITICAL SO IF YOU CANNOT
GET INTO OR AFFORD THE BEST SCHOOLS
THEN STILL TAKE THE BEST COURSES FREE
On edx or COURSERA
158. Your WORK NETWORK
YOUR COMPANY IS
YOUR MOST IMPORTANT NETWORK
SO CHOOSE YOUR COMPANY
VERY CAREFULLY
OR BUILD YOUR OWN
159. Your WORK NETWORK
WHY DO PEOPLE SPEND
832 WEEKS IN SCHOOL
THEN SPEND <4 WeEKs
ATTEMPTING TO GET A JOB
BY BLIND RESUME BLASTING?
160. WHAT CHANGE WILL YOU WORK TOWARD?
IF YOU DON’T LIKE YOUR JOB
FIND AN ORGANIZATION WHose MISSION
YOU’rE PASSIONATE ABOUT
AND DO WHATEVER IT TAKES TO GET IN THERE
161. YOUR WORK NETWORK
ONLY GO TO WORK FOR A COMPANY
IF YOU DEEPLY BELIEVE IN THE
CHANGE THEY ARE TRYING TO
MAKE IN THE WORLD
162. YOUR WORK NETWORK
Don’t TAKE A JOB UNLESS
YOU’ll BE WORKING FOR SOMEONE
YOU WILL LEARN LOTS FROM
OF HIGH INTEGRITY WHO!
163. THE KEY NETWORKS TO LOOK INTO
HERE ARE SOME NETWORKS
PASSIONATE YOUNG PEOPLE
SHOULD GET INVOLVED WITH
164. THE KEY NETWORKS TO LOOK INTO
ASPEN INSTITUTE FELLOWS
EMPACT 100
ENTREPRENEURS’ ORGANIZATION
166. THE KEY NETWORKS TO LOOK INTO
NEXUS YOUTH SUMMIT
RENAISSANCE WEEKEND
SANDBOX
SINGULARITY UNIVERSITY
167. THE KEY NETWORKS TO LOOK INTO
SKOLL WORLD FORUM
SOCIAL CAPITAL MARKETS
SOCIAL VENTURE NETWORK
168. THE KEY NETWORKS TO LOOK INTO
STARTINGBLOC
SUMMIT SERIES
TECH STARS
169. THE KEY NETWORKS TO LOOK INTO
TED
UNREASONABLE INSTITUTE
WEF YounG GLOBAL LEADERS
170. THE KEY NETWORKS TO LOOK INTO
WHITE HOUSE FELLOWS
Y COMBINATOR
YOUNG ENTREPRENEUR COUNCIL
YOUNG PRESIDENTs’ ORGANIZATION
171. Your weekly roundtable
TO BUILD A STRONG SUPPORT NETWORK
CREATE A WEEKLY
DINNER ROUNDTABLE OF YOUR
CLOSEST 8 FRIENDS
Try EVERY WEDNESDAY AT 8pm
172. Programs I highly recommend for building relationships
Summit holds an annual large event for top entrepreneurs, social entrepreneurs, and artists.
Holds frequent gatherings at Powder Mountain in Eden, Utah.
StartingBloc holds five-day Institutes in New York, Los Angeles, D.C., Boston, and Boulder for
individuals who want to make a difference in the world
I highly recommend both the Summer Graduate Studies Program (GSP) or the week-long Executive
Program (EP). Focuses on using science and technology to solve major human challenges.
The Hive Global Leaders Program is a weekend program in San Francisco that brings together a
community of extraordinary leaders and entrepreneurs focused on creating a better world.
Nexus holds an annual Global Youth Summit in New York City that brings together some of the top
entrepreneurs, social entrepreneurs, and philanthropists
Social Innovation Summit is a two-day conference held annually in New York and California that brings
together the leading minds of the social, government, and business sectors
SOCAP (short for Social Capital Markets) is one of the best conferences for bringing together people
Passionate about creating positive change in the world
173. EXERCISE: CREATING YOUR INNER CIRCLE
You can do the following
20 minute Exercise now
Or put a time on your calendar
To return to it
176. EXERCISE: CREATING YOUR INNER CIRCLE
NEXT, circle the names of THE 10
people WHO inspire you MOST
BASED ON WHAT THEY ARE DOING
WITH THEIR LIVES
177. EXERCISE: CREATING YOUR INNER CIRCLE
Now, create a new list of 10 people
You aren’t very close with
who inspire you
178. EXERCISE: CREATING YOUR INNER CIRCLE
Finally, combine the lists of 10 to create your
NEW INNER CIRCLE
179. EXERCISE: CREATING YOUR INNER CIRCLE
SPEND YOUR TIME
WITH inspiring PEOPLE WHO ARE
UP TO SOMETHING BIG
IN THE WORLD
that will help others
180. EXERCISE: CREATING YOUR INNER CIRCLE
IF YOU don’t know enough inspiring people
Who are up to something big in the world
Join the networks
Listed in the networks section
Of this presentation
191. FINDING MENTORS WITHIN NETWORKS
ONE OF THE BEST WAYs
IS BY JOINING THE ORGANIZATIONS
LISTED IN THE NETWORKS SECTION
OF THIS PRESENTATION
TO MEET AMAZING MENTORS
192. KEEP EMAILS to potential mentors SHORT
The higher the chance
Of a reply
the shorter your emails to very busy people are
TRY EMAILS WITH JUST 1-2 sentences and you’ll be amazed at the reply rates
193. EXAMPLE EMAIL TO A potential MENTOR
WHAT MOST PEOPLE SEND: WHAT YOU SHOULD ACTUALLY SEND:
Sally--I’m also really passionate about [ex:
solar panel efficiency]. What do you [insert
short relevant question]?
Best,
Your Name
What a busy professional thinks who gets this:
“Don’t have enough time to reply to this. Maybe
I’ll get back to this later.”
What a busy professional thinks who gets this:
“I’m glad they respect my time. Will only take 30
seconds to reply so might as well do it now.”
194. RESEARCH AMAZING PEOPLE
ANOTHER WAY IS TO USE THE INTERNET
TO FIND PEOPLE WHO
• ARE BRILLIANT & CARING
• ARE 10-20 YRS AHEAD OF YOU
• SHARE SIMILAR PASSION
196. CONVINCING SOMEONE TO MENTOR YOU
AND CONVINCE 2 of THEM
THAT you’RE WORTH
INVESTING TIME INTO
197. CONVINCING SOMEONE TO MENTOR YOU
IDEALLY GET INTRODUCED TO THEM
BY ONE OF THEIR
TRUSTED CONNECTIONS
198. GET IN TOUCH VIA TWITTER
EMAIL, LINKEDIn, or fedex
OR BY SHOWING UP AT THEIR
OFFICE IF NEEDED AND ASKING
TO SPEAK WITH THEM
GETTING IN TOUCH WITH MENTORS
199. GETTING IN TOUCH WITH MENTORS
SEND THEM A
BULKY FEDEX PACKAGE
IF YOU MUST
200. GETTING IN TOUCH WITH MENTORS
IMPORTANT PEOPLE
LIKE OPENING
FEDEX PACKAGES
202. USE TWITTER TO GET IN TOUCH WITH WELL KNOWN PEOPLE
IMPORTANT PEOPLE
ALSO LIKE
@Messages on Twitter
203. BE KINDLY PERSISTENT
MOST PEOPLE GIVE UP
AFTER SENDING 1 EMAIL
Don’T GIVE UP
This is your life we’re talking about here
204. BE KINDLY PERSISTENT
PURSUE THEM REPEATEDLY IN A KIND WAY
They will almost always respect your persistence
• EXPLAIN YOUR PASSION FOR THE SAME THING
• Explain the “why” behind what you do
• Explain how you MAY BE ABLE TO HELP THEM
• Be 100% authentic
207. START SLOW if needed with potential mentors
Most people will eventually
Agree to a coffee or lunch
But if not, ask to start with
1-2 quick Questions via email
208. Then stay in touch every 8 weeks with quick emails
AT YOUR FIRST MEETING WITH A MENTOR…
BE AUTHENTIC
BE SUPER INFORMED about them
BUILD TRUST
209. BUILDING THE RELATIONSHIP WITH A MENTOR
GO TO THE SAME EVENTS
DEVELOP THE RELATIONSHIP
SEND VERY BRIEF QUESTIONS ON EMAIL EVERY COUPLE MONTHS
210. BUILDING THE RELATIONSHIP WITH A MENTOR
GO TO THE SAME EVENTS
DEVELOP THE RELATIONSHIP
SEND VERY BRIEF QUESTIONS ON EMAIL EVERY COUPLE MONTHS
211. Three keys to achieving your dreams
1. SURROUNd YOURSELF WITH THE RIGHT PEOPLE
2. INVEST IN YOUR formal and informal
EDUCATION
3. WORK FOR A COMPANY whose mission you are
deeply passionate about
212. Three keys to achieving your dreams
DO THESE THINGS
AND You’ll BE ON TRACK
TO ACHIEVE YOUR MOST
AMBITIOUS GOALS
213. Learning to be a jedi
JOIN NETWORKS of other inspiring people
LIVE A PURPOSE DRIVEN LIFE
SURROUND YOURSELF WITH
AMAZINGLY SMART & CARING
PEOPLE And YOU WILL BE ON
THE PATH TO BECOMING A JEDI
214. BE A PADAWAN like in star wars
Padawan (n.)
“An individual on a CONSCIOUS journey to become a jedi”
PADAWAN IS
SANSKRIT FOR “learner”
215. What IS A JEDI?
Jedi (n.)
“A highly competent, super-connected, and deeply
compassionate SOUL & SYSTEMS THINKER, working at the highest
levels of societal structuring, whose passion has been fully
unleashed toward achieving an identified deeply meaningful
mission that awakens them with extraordinary focus and
immense energy daily.”
216. The jedi checklist
# Highly competent
# Super-connected
# Deeply compassionate
# SYSTEMS THINKER
# Working to IMPROVE THE WORLD
# Identified meaningful mission
# Passion unleashed on achieving mission
# Extraordinary focus
# Immense vibrant energy
217. FINDING A JEDI MENTOR
NOW YOU KNOW THE
TRUE MEANING OF
FINDING YOURSELF a
JEDI MASTER MENTOR
218.
219. FINDING A JEDI MENTOR
Who’S YOUR JEDI MENTOR
YOUNG PADAWAN?
Don’t let this be the CASE
6 months from now
Wait, YOU Don’T hAVE ONE?
220. STAND ON THE SHOULDERS OF GIANTS
ONE CAN SEE MUCH FURTHER BY STANDING
ON THE SHOULDERS OF GIANTS
SO FIND MENTORS WHO Are
GIANTS iN THEIR FIELD
And stand on their shoulders
222. THE GREAT ENGIMA OF LIFE
TO KNOW HAPPINESS
ONE MUST KNOW
SUFFERING
223. THE IMPORTANCE OF CRUCIBLE MOMENNTS
IN ORDER TO TRULY FEEL THE HEIGHTS OF
ONE MUST HAVE FELT the DEPTHS OF
SUFFERING
HAPPINESS
224. CHOOSING TO BE HAPPY
“A PERSON CAN MAKE HIMSELF HAPPY
OR MISERABLE regardless of what
IS HAPPENING OUTSIDE just by changing
THE CONTENTS OF CONCIOUSNESS”
- MIHALI Csikszentmihali!
225. OVERCOMING OBSTACLES
- MIHALI Csikszentmihali!
“THE ABILITY TO PERSERVERE
DESPITE OBSTACLES & SETBACKS
IS THE MOST IMPORTANT TRAIT
FOR SUCCEEDING IN LIFE.”
226. FORGING YOUR CHARACTER
THE MORE DIFFICULTIES
& CRUCIBLE MOMENTS
YOU HAVE FACED
THE STRONGER
YOUR RESOLVE WILL BE
228. The element of struggle in life
SO DON’T
BE AFRAID
OF STRUGGLE
229. Don’t be afraid of struggle
OFTEN THE GREATEST INDIVIDUALS
ARE THOSE WHO HAVE
BEEN THROUGH THE MOST
230. My struggles
• MY MOM’s death FROM BRAIN CANCER in 2012
• CHRONIC NECK PAIN FROM A 2001 CAR CRASH
• HELpING MY DAD THROUGH PROSTATE CANCER
• Dealing with a 65 person layoff following the sale of icontact
We all go through really hard times.
It is our response to the crucible moments that can make us great.
240. THE PAST & THE FUTURE
Past PRESENT FUTURE
Most people spend
their mental energy
thinking about either
the past
Or thinking about
the future
241. FOCUS ON THE PRESENT
Past PRESENT FUTURE
Happiness comes when you focus
on enjoying the present moment
and don’t worry about what
happened in the past and whatever
may come in the future.
242. Your mindset affects your happiness
your mindset is your
how you interpret
What happens in your life
243. Your mindset affects your happiness
You can decide whether you want to
Live in an ordinary world
Full of stress & Suffering
Or an extraordinary world
Full of wonder and possibility
244. THE ORDINARY “DEFAULT” WORLD
The
Ordinary
World
anxiety
fear
scarcity
danger
anger
mistrust
reason
disappointment
resignation
manipulation
victimization
desperation
frustration
upset
defensive
limitation
cynicism
greed
insecure
inaction
245. THE EXTRAORDINARY WORLD is created by a mindset shift
happiness
fun
caring
inventive
adventurous
acceptance
laughter
self-expressed
generous
possibility
unreasonable
compassionate
empathy
authenticity
openness
unstoppable
creativity
fearless
kindness
caring
The
Extraordinary
World
247. Programs I highly recommend for personal growth
Includes the Landmark Forum, Advanced Course, and Self-Expression and Leadership Program
Available now in 24 countries.
Includes the Happiness Program and the Art of Silence Program. Now operating in 152 countries.
I highly recommend taking Inner Engineering program, available in both India and the USA. Also
available online at www.innerengineering.com though in-person is best.
A three-day summer camp 2 hours north of San Francisco in which you lock your phones/laptops
away and play joyfully like you’re a child again.
The Hive Global Leaders Program brings together a community of extraordinary leaders and
entrepreneurs focused on creating a better world. Help every few months in SF. I am the Chairman of Hive.
Burning Man is an annual event in the Nevada desert the week before Labor Day in late-August.
I’ve now been twice and I highly recommend everyone go.
248. Meditation exercise
You can do the following
10 minute Mindset exercise now
Or put a time on your calendar
To return to it
250. Exercise: Mindset shift
On a sheet of paper
Write down for 5 minutes
how your life would be
Different if you never worried
And were never anxious
251. Exercise: Mindset shift
On a sheet of paper
Write down for 5 minutes
All the things that are holding you
Back that you can just give up
And choose to put in the past
256. HEALTH LEARNINGS
Between age 24 and 30 I…
Here’s EXACTLY WHAT I DID…
- Lost 50 pounds
- Fixed BAD neck pain
- Went from Anxious to calm
257. THE TWO THINGS I DID
1. Changed what I ate
2. STARTED doing a 30 minute per
morning yoga and Breathing
home practice
258. WHAT YOU EAT IS WHO YOU BECOME
THE FOOD WE EAT
LITERALLY BECOMES US
As nutrients are
absorbed and used
259. CHANGING MY DIET MADE A HUGE IMPACT
What I’d OFTEN Eat in 2008 What I OFTEN Eat Today
Bread
Hot pockets
Subs
Pasta
Pretzels
Fries
Mayonnaise
Beer/Wine/Soda
Coffee
(I was eating way too many carbs)
(I cut out 80% of the carbs)
Chicken / Steak / Fish
Quinoa / Lentils / Beans / Tofu / Tempeh
Eggs
Almonds
Kale / Brussels Sprouts / Broccoli / Avocado
Sweet potatoes / carrots / CHIA Seeds
BANANas / Berries
Protein shakes
Water / Tea / Almond milk
Cut most of this stuff out!
260. DIET MAKES THE DIFFERENCE
A COMBINATION OF
HIGH CALORIE & HIGH-SALT DIET
WITH LITTLE PHYSICAL ACTIVITY AND INCREASED OBESITY
GREATLY DECREASEs THE ABILITY OF THE BODY
TO CURE ITSELF FROM CANCEROUS CELLS
261. REDUCING YOUR RISK OF CANCER
78% of CANCER IS CAUSED BY
TOBACCO, DIET, SUNLight, and alcohol
30%
35%
10%
10%
7%
4%
3%
Tobacco
Diet
Sunlight
Other
Viruses
Occupational
Alcohol
272. MEDITATION
I took two 4 day programs on meditation
Both I’d highly HIGHLY recommend
1. Art of living happiness program
2. ISHA Foundation inner engineering course
273. MEDITATION
I took the 4 day
ISHA FOUNDATION INNER ENGINEERING COURSE
In coimbatore, INDIA IN January 2014
274. MEDITATION
I also took the 4 day
Art of living happiness program
In palo alto in March 2014
275. YOGA
THE BASIC YOGA TECHNIQUE “SUN SALUTATION” greatly reduced my neck pain
See http://bit.ly/sunsalutations
276. MEDITATION
I now do three “sun salutations”
Every morning and my neck pain is
85% better
277. MY CURRENT Morning 30 minute routine…
3 sun salutations 5 mins
Alternate nostril breathing 2 mins
Sudarshan kriya Breathing 15 mins
KEEPING EYES CLOSED 5 mins
You can learn these routines through the Art of
Living Happiness Program which is $395 and
available in many countries and cities
278. MEDITATION
When I meditate with my eyes cLOSED
I am able to see a deeply calming
Purple light
(Strange I know, but true)
280. SILENT RETREATS
In June 2014 I did a 3 day
art of living silence course
I found that spending 3 days in silence
Was extremely beneficial to calming the mind
And made me way more productive at work
281. SILENT RETREATS
After the 3 days in silence
I found myself becoming naturally
More collaborative at work
282. SILENT RETREATS
Here are some of the most magnificent
Silent & ZEN retreats you can visit
Art of Silence - http://www.artofliving.org/art-silence-program
Vipassana - http://www.dhamma.org/
Green Gulch – http://www.sfzc.org/ggf/
Esalen - http://www.esalen.org/
Vendata Society - http://sfvedanta.org/retreat/
283. MEDITATION
THEse four BREATHING TECHNIQUEs have been very helpful to me
Here’s where you can learn a bit more…
Bhastrika - http://bit.ly/bhastrikademo
Three stage pranayama - http://bit.ly/3stagebreathing
Alternate nostril breathing - http://bit.ly/alternatenostrils
Rapid nostril breathing - http://bit.ly/rapidnostril
284. MEDITATION Programs I RECOMMEND
Includes the Happiness
Program and the Art of Silence
Program. Now operating in 152
countries.
Take the Inner Engineering
program, available in both India
and the USA. Also online at
www.innerengineering.com though
in-person is best.
285. Meditation exercise
You can do the following 10 minute
Meditation exercise now
Or put a time on your calendar
To return to it
287. EXERCISE: alternate nostril breathing
First watch the video on
Alternate nostril breathing
Now, sit on the ground cross legged
Follow the video instructions for 5 minutes
Afterward, make note of how your brain feels
(bit.Ly/alternatenostrils)
288. Exercise: Sun salutation
Get on the floor and actually try to do 2 sun salutations
Video at http://bit.ly/sunsalutationvideo
290. A quote on habits
“Your beliefs become your thoughts,
Your thoughts become your words,
Your words become your actions,
Your actions become your habits,
Your habits become your values,
Your values become your destiny.”
Mahatma Gandhi
291. A QUOTE ON HABITS
ARISTOTLE
“We are what we
repeatedly do.
Excellence, then, is not
an act, but a habit.”
292. A QUOTE ON HABITS
Stephen Covey
“Our character is basically a
composite of our habits. Because
they are consistent, often
unconscious patterns, they
constantly, daily, express our
character.”
296. HABITS in my life I am cultivating
BE POSITIVE
Always DO WHAT I SAY I’ll DO
UNDERCOMMIT / OVERDELIVER
BE TRANSPARENT
GET TRACK OF TASKS
REVIEW GOALS ANNUALLY
PLAN FOR THE FUTURE
SEEK OUT AMAZING PEOPLE
IDENTIFY MENTORS
Give hugs not handshakes
SHARE WHAT I LEARN WITH OTHERS
STAY IN TOUCH WITH my NETWORK
CONTINUALLY LEARN
READ
WATCH EDUCATIONAL VIDEOS
EXERCISE
EAT HEALTHY FOODS
SPEND TIME IN NATURE
DAILY MEDITATION
COMMUNICATE OFTEN
Watch <30min/wk of tv
SEEK TO UNDERSTAND FIRST
317. HUMAN COMMUNICATION
AVOID THE INFORMAL
uSAGE OF THE WORD
LIKE(Ex: “She was like oh my gosh I can’t believe she did that” or “I walked like 30 miles”
327. The middle class versus the rich
“Individuals in the middle class accumulate more debt as they
become more successful. A pay raise qualifies them to borrow
more money from the bank so they can buy personal items like
bigger cars, vacation homes, boats, and motor homes. Their
wage income comes in and is spent on current expenses and
only then on paying off their personal debt. So as their income
increases, so does their personal debt. This is what we call the
rat race.”
- Robert kiyosaki
328. The rich have their money work for them
“The rich have their assets work for them.
They have gained control over their
expenses (by saving and investing money
each month) and focus on acquiring or
building assets. Their businesses pay more
of their expenses, and they have few, if
any, personal liabilities.”
- Robert Kiyosaki
329. WHICH FINANCIAL PATH WILL YOU TAKE?
THERE ARE TWO SEGMENTS OF PEOPLE IN THE WORLD
WHICH SEGMENT DO YOU WANT TO BE IN?
PEOPLE WHO PAY INTEREST ON LOANS AND WORK FOR COMPANIES
PEOPLE WHO RECEIVE INTEREST ON LOANS and own PARTS Of companies
1
2
330. THE TOPIC OF MONEY
MONEY IS A REALLY
IMPORTANT TOPIC
TO UNDERSTAND
331. THE TOPIC OF MONEY
MONEY IS SIMPLY
A STORE OF VALUE
WHICH ENABLES
TWO PARTIES TO EXCHANGE
EVEN IF they cannot barter
332. YOUR NET WORTH
INCLUDING ALL YOUR SAVINGS, INVESTMENTs
AND DEBT WHAT IS YOUR
NET WORTH RIGHT NOW?
333. AVERAGE & MEDIAN NET WORTH IN THE USA
THE AVERAGE NET WORTH of AN AMERICAN IS
$301,140
Source: Credit Suiss Global Wealth Report, 2013
334. AVERAGE & MEDIAN NET WORTH IN USA
BUT THE MEDIAn Net worth of AN AMERICAN IS
$44,911
Source: Credit Suiss Global Wealth Report, 2013
335. ARE YOU AHEAD OR BEHIND?
Let’s say your goal IS TO have a net worth of $1M by Age 60
IF YOU start at age 20 and progress linearly you’d need to be at $250k by 30
0
100000
200000
300000
400000
500000
600000
700000
800000
900000
1000000
20
25
30
35
40
45
50
55
60
336. Money compounds
Fortunately, money compounds, so you actually only need to
Be at $70,000 in net worth by age 30 to be on track for $1M in net worth by 60
Assumes you save $5,000 per year starting at age 20, and you invest iat a 7% after inflation return
0
100000
200000
300000
400000
500000
600000
700000
800000
900000
1000000
20
25
30
35
40
45
50
55
60
337. 3 Key Lessons about Money
HERE ARE THREE
KEY LESSONS
ABOUT MONEY
338. 3 Lessons about Money
SPEND LESS MONEY
THAN YOU EARN
EVERY MONTH
1
339. 3 Lessons about Money
2
NEVER GO INTO DEBT
FOR SOMETHING THAT
YOU DO NOT NEED
340. 3 Lessons about Money
3
SAVE EARLY IN LIFE
AS the law of compound
INTEREST HELPS A LOT
OVER TIME
341. EASY IN THEORY
THESE 3 LESSONS may sound extremely basic
YET still so many people
Go into debt for things they don’t need
and frequently spend
more than they earn
342. THE 6 STEPS TO BUILDING WEALTH
HERE ARE SIX STEPS
TO BUILDING
WEALTH
343. THE 6 STEPS TO BUILDING WEALTH
These 6 steps are easy to
Understand but Most people
Don’t do them
344. THE 6 STEPS TO BUILDING WEALTH
Calculate how much you
Earn after taxes each month
1
345. THE 6 STEPS TO BUILDING WEALTH
2
ENSURE YOUR ARE SPENDING LESS
Than you earn after taxes
Each month
Monthly income after tax
$4000
$3000
Monthly spending
!
346. THE 6 STEPS TO BUILDING WEALTH
3
PAY OFF all Your DEBT
Starting with the highest
Interest rates first
347. THE 6 STEPS TO BUILDING WEALTH
4
Start Saving
$1,000 each month
(This step, in practice, is often the hardest, yet the most important)
348. THE 6 STEPS TO BUILDING WEALTH
5
After building up 3 months
Of salary in your savings
Account, start investing
Start investing $1000 per
month as early as you can in
life
Do this consistently for
30 years and you’ll have
$1 million
349. THE 6 STEPS TO BUILDING WEALTH
6 THEN USE THE CASH FLOW FROM YOUR
INVESTMENTS TO MAKE MORE INVESTMENTS
350. The six steps to building wealth
1. Calculate your after tax income
2. Be sure you’re SPENDING LESS THAN YOU MAKE
3. PAY OFF your DEBT
4. BUILD UP 3 months of SAVINGS
5. Start investing
6. THEN Re-INVEST THE RETURNS
352. Becoming FINANCIALLY INDEPENDENT
If entrepreneurship isn’t for you…
Here’s how to become a millionaire Automatically
1. Save $1000 per month
2. Invest it at a 7% after inflation
return
3. Don’t take any out for 30 years
353. WHAT You’LL HAVE IF YOU SAVE & INVEST
Monthly
SAVINGS
20 Yrs 25 Yrs 30 Yrs 35 Yrs 40 Yrs 45 Yrs 50 Yrs
$1,000 $0.52M $0.81M $1.22M $1.81M $2.64M $3.82M $5.50M
$2,000 $1.05M $1.63M $2.45M $3.63M $5.29M $7.65M $10.99M
$3,000 $1.57M $2.44M $3.68M $5.44M $7.94M $11.47M $16.49M
$4,000 $2.09M $3.26M $4.91M $7.25M $10.58M $15.29M $21.97M
ASSUMES 7% AFTER INFLATION ANNUAL RETURN FROM INVESTING | ADD ADDITIONAL TIME TO PAY OFF ANY CURRENT DEBT
354. My journey to financial independence
I was born in 1984. I grew up in a middle class
American family. My dad was an epsicopalian
minister from pennsylvania. My mom was a
part-time social worker from England. Our
family earned about $40,000 per year.
355. I was very fortunate to
Have two parents who
Supported Me and encouraged
me to Follow my dreams
My journey to financial independence
356. I started my first business at 11
Helping senior citizens in florida
use the internet for $5/hour
My journey to financial independence
357. I started getting into
Web development
In 1996 when I was 12
My journey to financial independence
358. At16 (back In 2000)
I was a NORMAL TEENAGER GROWING UP IN
bradenton florida earning AROUND
$3000/yr AS A PART TIME WEB developer
My journey to financial independence
359. Then I read two books that
changed my life and opened
My eyes to a whole new world
2. Think And Grow Rich
1. Rich Dad Poor Dad
My journey to financial independence
360. After reading these two books at 16
I set an ambitious goal to build a
Company to $1 Million in sales by
Age 21
My journey to financial independence
361. From age 16 to 21
I worked extremely hard
To make this goal real
My journey to financial independence
362. At 18 While in college at unc I
started Icontact and by 2005
We reached $1 Million in sales
When I was 21
My journey to financial independence
363. We then raised venture capital
And hired a strong
Executive team and grew to
$50M in annual sales
My journey to financial independence
364. in 2012 we sold icontact for $170 million
to a software company called vocus.
I was 27. I decided to go back to school at
harvard business school for an mba while
working on a new start-up called
connect
My journey to financial independence
365. Anything is possible
I found that anything was possible if I:
• set my mind to it
• worked really hard to make it happen
• surrounded myself with positive people
who helped me Grow & Learn
• Cared about customers & Employees
366. Creating your financial plan
So that was my story
over the last 18 years
Now let’s talk about
You
367. Creating your financial plan
18 years from now, your financial
Situation will be a function of the plan
you put in place And the actions you take
today
371. EXERCISE: Creating a basic financial plan
1. Calculate your current monthly income after taxes
2. Calculate your current total monthly expenses
3. Add up your savings, investments, and other assets
4. Calculate the total amount of debt you have
5. Set a goal for your monthly income and expenses 2 years
from now
6. Use these figures to fill out the sheet on the next page
This exercise should take about 30 minutes. You can do it now or come back to it.
372. Exercise: Creating A BASIC Financial Plan
Assets
Debts
Income
Expenses
Financial Plan of __________
Signed X__________________________ this ____ day of _____ 20_____
Net Worth
Cashflow
Income
Expenses
Cashflow
Present Monthly
24 Months From Now Monthly Goal
373. Creating your financial plan
FiLLING out your one-page
Financial plan Will be helpful
As we move into the next section
On investing
382. STOCKS
THE VALUE OF A COMPANY
GOES UP WHEN THE
Company’s profits go up
(or are expected to go up)
383. STOCKS
THE VALUE OF A COMPANY
GOES down WHEN THE
Company’s profits go Down
(or are expected to go down)
384. DIFFERENT TYPES OF STOCKS AND BONDS
Mutual Funds
Index Funds/ETFS
Small Cap Stocks
MID CAP STOCKS
LARGE CAP STOCKS
VALUE STOCKS
GROWTH STOCKS
Emerging Market Stocks
options
VENTURE capital FUNDS
PRIVATE COMPANIES
STOCKS
Savings Accounts
Treasury Bonds
Municipal Bonds
Corporate Bonds
P2p LENDING
BONDS
385. HOW TO BECOME A MILLIONAIRE in 30 years
HERE IS A SIMPLIFIED EXAMPLE
OF HOW YOU CAN HAVE
$1M in 30 years
386. HOW TO BECOME A MILLIONAIRE in 30 years
To have $1m in 30 years
SAVE $1k every month
AND INVEST IT
Assumes a 7% per year after inflation annual return
387. HOW TO BECOME A MILLIONAIRE in 20 years
To have $1m in 20 years
SAVE $2k every month
AND INVEST IT
Assumes a 7% per year after inflation annual return
389. AVERAGE INVESTMENT RETURNS
Investment Type Approx. Avg. Annual Return After Inflation (2.8%)
Savings Accounts 0.10% -2.70%
Certificates of Deposit 1.10% -1.70%
Treasury Bonds 2.50% -0.30%
Municipal Bonds 4.50% 1.70%
Corporate Bonds 6% 3.20%
LendingClub A-d Notes 8.30% 5.50%
Rental Real Estate 8.60% 5.80%
Dow Jones Index Fund 11.10% 8.30%
S&P 500 Index Fund 11.30% 8.50%
LendingClub E-F Notes 11.70% 8.90%
S&P 500 and DJIA is the CAGR for the last 80 years from 1933 until 2013
393. LENDINGCLUB
And Since 2007 LENDINGCLUB “E” and “F” notes
HAVE HAD an annual average return of
8.9% AFTER INFLATION AND
DEFAULTS
Past performance is definitely no guarantee of future performance, yet
8.9% after weathering a big recession in 2008-2009 is pretty good.
394. MARKET INDEX FUNDS
The DJIA and S&P 500 Index funds
HAVE HAD an annual average return
After inflation of
8.4%
Since 1933
Look up these symbols:
Dow Jones Index Fund – DIA
S&P 500 Index Fund - SPY
395. INVESTING IN STOCKS
As a rule of thumb
Companies are usually worth
BETWEEN 5x and 20x their
ANNUAL NET PROFITS
399. INVESTING IN STOCKS
Here’s the July 2014 p/e Ratio of A few well known companies
COMPANY PRICE TO EARNINGS RATIO
IBM 12.30
WELLS FARGO 12.74
APPLE 15.77
MICROSOFT 16.91
BANK OF AMERICA 25.25
GOOGLE 29.86
FACEBOOK 97.52
400. INVESTING IN STOCKS
THE BEST MEASURE OF
WHETHER A STOCK MARKET
IS OVERVALUED
Is the SHILLER PE RATIO
See multpl.com/shiller-pe/
402. INVESTING IN STOCKS
This means that on average since 1890
The average company has been valued at
16.55 times it’s an annual net profits
403. INVESTING IN STOCKS
AS OF august 2014
the US STOCK market is getting overvalued
THE CURRENT SHILLER PE RATIO IS
25.54
404. THE STOCK MARKET IS GETTING OVERVALUED AGAIN
Time to Sell
Time to Buy
Time to Get Ready for an Historic Crash
Shiller PE Ratio for the S&P 500 1871-2014, as of August 9, 2014
411. MY portfolio
I focus on investing in companies
Which are solving
Major human challenges
That when solved will
Make the world a better place
412. What “going public” means
“Going public” means selling part of a
company to investors via a public market
like the New York Stock exchange or the
nasdaq
413. What “going public” means
Companies go public in order to
1. Raise capital for growth
2. Create a market for their shares
3. Enable employees to gain liquidity for their
options
414. How to properly value a company
THE BEST WAY TO DETERMINE THE
TRUE VALUE OF A PUBLIC COMPANY IS
TO CREATE A DISCOUNTED CASH FLOW (DCF)
FORECAST
415. How Buffet invests
BUFFET’s investing method
INVOLVES UNDERSTANDING A FIRM WELL
CALCULATING WHAT HE BELIEVEs
THE fiRM IS ACTUALLY WORTH using dcf
THEN PURCHASING SHARES WHEN
Enough of a margin of safety exists
416. How Buffet works
WARREN BUFFET IN ESSENCE
CREATES DCF MODELS ON EACH COMPANY
HE INVESTS IN AND ENSURES THERE’S A
BIG MARGIN OF SAFETy BETWEEN WHAT HE
THINKS THE FIRM IS WORTH AND WHAT
THE MARKET THINKS THE FIRM IS WORTH
417. BECOMING A VALUe-ORIENTED INVESTOR
1. Avoid stocks with pe ratios over 25, unless they have extremely high
REVENUE growth (over 50% year)
2. Learn how to create a dcf valuation
3. Have the discipline to create a DCF valuation for every public
company investment you make
4. invest only when you have a 30% margin of safety between what your
DCF model says the company is worth and what the market sayS
420. SIX STEPS TO BUILDING A GREAT RELATIONSHIP
TELL THE TRUTH
BUILD TRUST
BE VULNERABLE
GIVE TIME
FOLLOW THROUGH
& SHOW CARE WITH YOUR ACTIONS
421. SIX STEPS TO BUILDING A GREAT RELATIONSHIP
A GREAT WOMAN CAN
MAKE A HUGE DIFFERENCE
TO A GREAT MAN
422. SIX STEPS TO BUILDING A GREAT RELATIONSHIP
A GREAT MAN CAN
MAKE A HUGE DIFFERENCE
TO A GREAT WOMAN
423. SIX STEPS TO BUILDING A GREAT RELATIONSHIP
A GREAT pARTNER CAN
MAKE A HUGE DIFFERENCE
FOR ANYONE
424. The partner you choose makes a huge impact on your life
THE PARTNER YOU CHOOSE
TO BUILD A LIFE WITH
MAKES A HUGE IMPACT
ON YOUR ABILITY TO REACH YOUR POTENTIAL
LIVE WITH JOY AND POSiTIVITY
AND TRULY CHANGE THE WORLD
441. GLOBAL VALUES SYSTEMS
Origin
Concept Name
Description
Judaism
Tikkun Olam
The concept of repairing the world
Sanskrit
Ahimsa
A philosophy of do no harm
Confucian
Li
A set of norms that teaches brotherliness and community
Islamic
Ummah
A perspective on a supranational community
Christian
Golden Rule
A practice of treating others as you want to be treated
South Africa
Ubuntu
A spirit of cooperation between people of all colors and creeds
ACROSS MANY religion or spiritual traditions
a key guideline is to be able to care for others
Let’s look at a few global values systems
442. My CORE VALUE
HERE IS MY CORE VALUE…
DO UNTO OTHERS AS YOU’D
HAVE DONE UNTO YOURSELF
443. EXPAND YOUR EMPATHY CIRCLE AND CARE FOR ALL PEOPLE
You&You&
Family&
Community&
Na1on&
Religion&
Gender&
Species&
444. What is it to be human?
“To be human is to have the ability to transcend
our egocentric preconditioning and care so
DEEPLY FOR OUR CHILDREn, PARTNERS, FRIENDS
or even strangers that we WOULD PUT THEIR
INTEREST ABOVE OUR OWN NO MATTER WHAT IT
MIGHT COST US PERSONALLY “
- RAY KURZWEIL!
445. My VALUES
HERE ARE THE 50 VALUES
I HOLD DEARLY AND DO
MY BEST TO
ALWAYS LIVE BY
448. ADAPTATION
I shall MAINTAIN in A STATE
ABLE TO FLOW, LEARN & MODIFY
MYSELF TO FIT NEW
SURROUNDINGS OR OCCURENCES
449. ANALYSIS
I shall analyze what I do and
DO NOT DO AND ATTEMPT TO DERIVE
INHERENT LAWS, AXIOMS, TENANTS
AND GUIDEPOSTS BASED ON THE EFFECTS
OF MY ACTIONS & INACTIONS
450. BEST EFFORT
I shall PUT FORTH MY FULL
AND BEST EFFORT WITHIN THE
BOUNDARIES OF PROPER PHYSICAL
& MENTAL HEALTH
451. CHALLENGE
I shall often challenge MYSELF
& STEP OUTSIDE MY COMFORT ZONE
SO AS TO REACH
WORTHY GOALS
457. DETAIl
I shall NOT DALLY
NEEDLESSLY IN DETAIl
BUT EXAMINE TO THE FULL
EXTENT NEEDED
458. ENVIRONMENTAL CONCIOUSNESS
THOUGH I SHALL PROMOTE THE MASTERY OF NATURE
FOR THE BETTERMENT OF LIVING CONDITIONS OF HUMANS
I SHALL NEVER FORGET THAT THE EARTH SHOULD
BE TREATED AS PRECIOUS AND THAT SUSTAINABILITY
MUST BE REQUIRED IF WE ARE TO SURVIVE AS A SPECIES
462. HEALTH
I shall maintain my health and EAT
sleep & Exercise IN SUCH A MANNER AS
TO MAINTAIN A HIGH LEVEL OF ENERGY
I SHALL ELIMINATE NEAGATIVE ENERGY AS
MY BODY IS A TEMPLE THAT
HOUSES MY
SPIRIT
463. HONESTY
I shall BE HONEST AND
FORTHRIGHT IN ALL
REPRESENTATIONS of
And Deliberations with
MYSELF
464. HUMILITY
I shall NOT BE AFRAID TO
ASK FOR HELP AND NOT
ASSUME MYSELF
ABOVE ANOTHER
465. INDUSTRY
I shall LOSE NO TIME AND ALWAYS
BE EMPLOYED IN SOMETHING USEFUl
REFLECTION AND RELAXATION SHALL
BE INCLUDED IN THE DEFINITION OF
USEFUL
495. WORK ETHIC
I shall WORK BOTH HARD
AND INTELLIGENTLY AND
NOT LEAVE FOR TOMORROW
WHAT CAN BE DONE TODAY
496. BEN FRANKLIN’s 13 Values
1. Temperance: Eat not to dullness; drink not to elevation.
2. Order: Let all your things have their places; let each part of
your business have its time.
3. Resolution: Resolve to perform what you ought; perform
without fail what you resolve.
4. Frugality: Make no expense but to do good to others or
yourself; i.e., waste nothing.
497. BEN FRANKLIN’s 13 Values
6. Moderation: Avoid extremes; forbear resenting injuries so
much as you think they deserve.
7. Industry: Lose no time; be always employed in something
useful; cut off all unnecessary actions.
8. Cleanliness: Tolerate no uncleanliness in body, clothes, or
habitation.
9. Tranquility: Be not disturbed at trifles, or at accidents
common or unavoidable.
498. BEN FRANKLIN’s 13 Values
9. Silence: Speak not but what may benefit others or yourself; avoid trifling
conversation.
10. Sincerity: Use no hurtful deceit; think innocently and justly, and, if you speak,
speak accordingly.
11. Justice: Wrong none by doing injuries, or omitting the benefits that are your
duty.
12. Chastity: Rarely use venery but for health or offspring, never to dullness,
weakness, or the injury of your own or another's peace or reputation.
13. Humility: Imitate Jesus and Socrates.
499. IN SUMMARY ON VALUES
YOUR LIFE WILL BE ENRICHED AND
YOU WILL SLEEP SOUNDLY AT NIGHT
KNOWING YOU ARE LIVING WITH A CONsCIOUS
SET OF VALUES
500. Financial plan exercise
You can do the following 10 minute
Values exercise now
Or put a time on your calendar
To return to it
512. LIFE Lessons from 2005
THERE ARE TWO WAYS
TO DETERMINE THE RULES OF LIFE
TALKING TO SMART PEOPLE
and TRIAL AND ERROR
EITHER WAY
START LEARNING EARLY
513. LIFE Lessons from 2006
IF SOMEBODY SUES YOU
GO TALK TO THEM IN PERSON
IMMEDIATELY
514. LIFE Lessons from 2006
NETWORKING
Isn’T ABOUT BUSINESS CARDS
IT’s about building
Meaningful relationships
515. LIFE Lessons from 2006
2.4 Billion
PEOPLE
LIVE ON LESS THAN
TWO DOLLARS PER DAY
Source: World Bank
516. LIFE Lessons from 2006
Source: World Bank
EVERY Day 18,000
CHILDREN UNDER 5 DIE
MOST FROM PREVENTABLE
DISEASE AND LOW NUTRITION.
THIS DOESN’t HAVE TO HAPPEN.
517. LIFE Lessons from 2006
Source: World Bank
80% OF HUMAN BEINGS
LIVE oN LESS THAN
$10 PER DAY So IF YOU’RE LIVING ON MORE
THAN $10 PER DAY
Count your blessings
518. LIFE Lessons from 2007
LIFE IS PRECIOUS
AND CAN END ANYTIME
SO EXPRESS GRATITUDE DAILY
AND TELL THOSE YOU LOVE
THAT YOU LOVE THEM
519. LIFE Lessons from 2007
THE WORLD HAS
MORE OPPORTUNITIES
THAN YOU MIGHT THINK
so DEFINE YOUR PURPOSE
THEN SEEK THEM OUT
520. LIFE Lessons from 2007
PoSITIVE DEVELOPMENTS
OCCUR WHEN YOU
ASSOCIATE WITH
EXTRAORDINARY PEOPLE
521. LIFE Lessons from 2007
GRATITUDE
IS AN EXTREMELY POWERFUL
CHARACTER ATTRIBUTE
522. LIFE Lessons from 2007
HUMANS
HAVE A DEEP DESIRE
In THEIR LIVES FOR
LOVE AND AFFECTIOn
523. LIFE Lessons from 2007
IF THERE’S ONE
THING YOU “OVERDo”
IN LIFE MAKE IT
COMMUNICATIon
524. LIFE Lessons from 2007
LET YOUR INNER CHILD
COME OUT DAILY
AND SILLY DANCE
525. LIFE Lessons from 2007
AVOID GETTING
MARRIED
UNTIL YOU’RE ABLE TO
FULLY FINANCIALLY
SUPPORT YOURSELF
526. LIFE Lessons from 2007
AVOID HAVING CHILDREN
UNTIL YOU CAN
SAFELY FINANCIALLY
AFFORD CHILDREN
556. FAVORITE QUOTES on LIVING
LIFE IS EITHER
DARING ADVENTURE
OR NOTHING
- HELEN KELLER!
557. FAVORITE QUOTES on LIVING
ABOve
ALL
TRY SOMETHING
- FRANKLIN D. ROoSEVELT!
558. FAVORITE QUOTES on LIVING
ONE WHO MAKES
NO MISTAKES
MAKES NOTHING - GIACOMO CASANOVA!
559. FAVORITE QUOTES on LIVING
DO ONE THING
EVERYDAY
THAT SCARES YOU - ELEANOR ROOSEVELT!
560. FAVORITE QUOTES on LIVING
NEVER DOUBT THAT
A SMALL GROUP OF
THOUGHFUL, COMMITTED CITIZENS
CAN CHANGE THE WORLD
- MARGARET MEAD!
561. FAVORITE QUOTES on LIVING
Don’t chase
THE PAPER
- P DIDDY!
CHASE THE DREAM!
562. FAVORITE QUOTES on LIVING
FAR BETTER IT IS TO DARE MIGHTY THINGS
THAN TO RANK WITH TIMID SPIRITS
WHO KNOW NEITHER
VICTORY NOR DEFEAT - THEODORE ROOSEVELT!
563. FAVORITE QUOTES on LIVING
HERE’S TO THE CRAZY ONES.
THE MISFITS, REBELS, & TROUBLEMAKERS
THE ONES WHO SEE THINGS DIFFERENTLY
- STEVE JOBS!
BECAUSE THE PEOPLE WHO ARE CRAZY ENOUGH
TO THINK THEY CAN CHANGE THE WORLD
ARE THE ONES WHO DO
564. FAVORITE QUOTES on LIVING
WHETHER YOU THINK YOU CAN
OR YOU CANNOT
YOU ARE RIGHT - HENRY FORD!
566. FAVORITE QUOTES on LIVING
UNTIL ONE IS COMMITTED, THERE IS HESITANCY
THE CHANCE TO DRAW BACK.
WHATEVER YOU CAN DO, BEGIN IN.
BOLDNESS HAS GENIUS, POWER, & MAGIC IN IT.
BEGIN IT NOW. - W.H. Murray!
567. FAVORITE QUOTES on LIVING
BEAUTY
IS THE ABSENCE
OF THE SUPERFLUOUS
- Greek SCHOLARS!
568. FAVORITE QUOTES on LIVING
- Greek SCHOLARS!
SIMPLICITY
IS THE ULTIMATE
SOPHISTICATION
- LEONARDO DE VINCI!
571. PART 2 TOPICS
Entrepreneurship
The big opportunities
Leadership
Business Planning
PRODUCT DEVELOPMENT
Innovation
PART 2 “ENTREPRENEURSHIP” INCLUDES SECTIONS ON
Venture Capital
Marketing
Building systems
BUILDING A TEAM
STRATEGY & EXECUTION
Steps to get started
572. Lessons from my 20s
Purpose-driven
entrepreneurship
PART II, Section 1
573. A definition
Individuals who build organizations
which scalably & sustainably
solve human problems
Entrepreneurs (n.)
575. Be a purpose-driven entrepreneur
entrepreneurship
Is about solving problems
And creating value
For humanity
576. The virtuous cycle of purpose-driven entrepreneurship
An entrepreneur can bring immense
value to humanity by building a
For-purpose Business that earns money
that can be used to reinvest in more
opportunities that
make the world better
577. Common traits of entrepreneurs
Initiative
Drive toward efficiency
Bias toward action
Ability to take feedback
Tolerance for stress
Determination
Decisiveness
Courage
Ability to deal with failure
Perserverence
Creativity
Ability to learn quickly
Ability to plan
Ability to delay gratification
Drive to achieve
Ability to prioritize
Ability to build a team
Ability to inspire & lead
578. A quote
“Both a sparkplug & catalyst the
entrepreneur is at once the driving
force behind production
and the agent who combines the other
resources in what is hoped will be a
profitable venture”
- McConnell and Brue in Economics
579. Understand the system
THERE IS AN ENTIRELY DIFFERENT
WORLD OUT THERE—A WORLD
OF PROSPERITY & UNLIMITED WEALTH
You can enter this world
IF YOU ARE AWARE IT EXISTS
AND YOU WORK HARD
580. Understand the system
TO ENTER THIS WORLD
YOU MUST UNDERSTAND HOW
THE SYSTEM OF ENTREPRENEURSHIP
WORKS
581. Understand the system
THERE ARE THREE WAYS TO BUILD WEALTH
THROUGH ENTREPRENEURSHIP
THROUGH A SALARY, THROUGH DIVIDENDS,
and through THE SALE OF
STOCK YOU OWN
582. Impacting Billions of lives
So HOW CAN YOU
IMPACT THE LIVES
OF OVER
ONE BILLION PEOPLE?