Author: Scott

Josh Kaufman Personal MBA

"See the sad thing about a guy like you, is in about 50 years you’re gonna start doin' some thinkin' on your own and you’re gonna come up with the fact that there are two certainties in life. One, don't do that. And two, you dropped a hundred and fifty grand on a fuckin’ education you coulda' got for a dollar fifty in late charges at the Public Library." - Matt Damon as Will in Good Will Hunting
**Important note: Today we're talking about one of my favorite topics: practical education. Be sure to read to the end for two free tools I created for you all to download and use. They go hand in hand with this post and video. Enjoy!

To Go to Business School or Not?

It's a question I used to ask myself a lot. And one I'm constantly asked by others. About seven years ago Josh Kaufman was faced with that very dilemma. He felt like he wanted (and perhaps needed) to get an MBA in order to move his career forward. The problem was he didn't want to spend two years and over $100k in debt to do it. He also doubted how practical such a solution would be. So instead, he went Good Will Hunting-style and proceeded to spend the next two months living at libraries and book stores. In those first two months he read over 200 business books. Since then he's gone through closer to 1,000. He then tested and cherry-picked the most fundamental and useful content. He also estimates he saved himself about $150,000.

how to meet world changing people

"Environment is everything. Surround yourself with passionate people doing the things you dream of, and magic starts to happen. There is no more powerful practice."

- Anonymous

It's time for another edition of "Ask the Reader" and I want to add something special to make it exciting. I am going to pick a few of your responses to be featured as case studies in the How to Connect With Anyone course I'm creating, as well as examples for the talk I'm giving at the World Domination Summit in Portland in two weeks on the same topic (if you plan to be at the talk, please let me know in the comments so we can connect!). This talk (and course) is going to be a blast and I'd love for some of you to be a part of it! All you have to do is answer one of these three questions. Just leave your response in the comments at the end of the post. (email readers click here to chime in). Remember it's your participation that makes LYL what it is.

1. What is your biggest challenge or fear keeping you from having a world-class network of passionate and inspiring peers, mentors and supporters?

or, if you already have a network you're proud of:

2. What is your best tactic or strategy for meeting new exciting people?


3. What is one success story of you meeting someone you'd always wanted to meet, and how did you do it?

**Note: Feel free to stop reading right now and go directly to the comments section below to answer one of the above. I can't wait to feature some of your responses! If you’re not usually one to comment, I urge you, if you only comment on one post, this is the one. Even if it’s only a sentence or two, and feel free to leave it under a fake name if you must. It will dramatically help all of us. 

Starting a business supporting a family of 8

"There is no cure for laziness but a large family helps."

- Herbert Prochnov

Answering the difficult questions...

I am constantly getting questions from readers about how they can live their legend and pursue their passion given whatever life situation they've found themselves in. But one situation tends to come up more often than most:

"I have a wife (or husband) and kids to support so how can I possibly make the transition to doing work I love?"

They then list all kinds of reasons (that at times can be very valid) such as not enough time, they won't make enough money, or for whatever reason they just can't take the 'risk'. This question is near impossible for me to answer. Simply because I have not been there. I have a wonderful family of two - my wife Chelsea and me. We have plenty of obligations, but we do not have any kids (yet) and there are no doubt people who have a lot more at stake than we do. So the way I always answer this is to point them to the people I've met over the years who are in very similar situations, who have families to support and big financial obligations, who have defied the odds and built an incredible life for themselves. The first person I always point to is Leo Babauta, the creator of Zen Habits. In a matter of a few years Leo went from working his ass off as a newspaper reporter, to creating one of the biggest blogs in the world, and having a 100% passion based business - all from a standing start, from scratch, while literally living in the middle of nowhere out on Guam. Time Magazine consistently rates Zen Habits one of the top 25 blogs. And the kicker... he did all this while supporting a family of 8. Over a long double date at one of our favorite SF spots, and after a few glasses of wine, he graciously agreed to write us all an article on how he actually did it.

chris guillebeau 100 startup

"Your possibilities are unlimited, but it all begins with the deliberate choice to think differently."

— Chris Guillebeau

Can a Startup be Less Risky than a Normal Job?

I spent some time with Chris Guillebeau last week hearing some pretty interesting ideas - his answer to the above question was one of them. He was on tour for his new book, The $100 Startup, which recently hit #3 on the WSJ and #6 on the New York Times bestseller lists. His message is powerful and he does a damn good job turning some conventional wisdom on its head (where most of it belongs :)). Chris has done more positive work for the area of creative careers and living life on your terms, than possibly anyone else out there - through his Art of Non Conformity site, The World Domination Summit, Travel Hacking Cartel and The $100 Startup, aside from all kinds of charity work and mentorship. I have no idea how he does it all.

how to push limits goruck

"If we don't push you to your mental and physical edge, then we have failed you." - Goruck Challenge Cadre, June 2nd, 2012, 9:15 pm, on a cold and windy San Francisco night

The Testing (and Disproving) of Limits

The people who do work that matters, the Living Legends who impact the world, all have at least one trait in common. They push limits. And it's not some chore they force themselves to do every once in a while just to get where they want to go. Not even close. It's something they do daily, in one way or another, big or small.

It's a fundamental part of how they operate.

Last Saturday night around 9 pm I found myself standing in a dark wet field in San Francisco's Presidio. The air temperature was just under 50 degrees (before factoring in the 30-40 mph wind and blanket of myst typical of my lovely hometown). I was wearing a headlamp and a 47-pound backpack. Seven close friends were standing next to me, along with a couple LYL readers (who heard about the event through my Richard Branson fitness post). There were also about 80 more of us I'd yet to meet. Then, as if on queue, the sprinklers came on. The timing could not have been worse (or better, depending on who you asked)…

from blog to business

“You can't expect to meet the challenges of today with yesterday's tools and expect to be in business tomorrow.”

- Nelson Jackson

From Blog to Business...

Having a blog is one thing. You can get one up and running in a matter of minutes. That alone can be incredibly powerful. In fact, it's one of the best tools for really finding and exploring a passion. But making the transition from blog to business is an entirely different feat. And I certainly needed all the help I could get.

The right tools have made all the difference.

I get requests almost daily asking me to share the tools I use on this site. I meant for this to come at the end of our "Monetize Your Passion Online" series a month or so back, but a few things came up. Sorry for the delay, but I still wanted to be sure to share the full list - especially since many of you are at the building/creation stage of your online project as I write this.

 "A musician must make music, an artist must paint, a poet must write, if he is to be ultimately at peace with himself." - Abraham Maslow I've found that passionate work comes down to one action: creating things. To building things using your talents, strengths, passions and interests,...

Career advice from Warren Buffett

“Take a job that you love. I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?”

- Warren Buffett [Tweet this Quote]

The Power of Continued Education

On Friday night I walked into the Omaha Marriott to check in for the weekend. The first person I said hello to was Bill Gates (yes that Bill Gates). He didn't exactly respond to me by first name, but the brief exchange (and shot of adrenaline that came with it) reminded me of the potential of the weekend ahead. When in Omaha you never know what's going to happen. That's why I go. The next day I spent over eight hours with Warren Buffett. What I learned blew my mind…