LIVE AMA

By My First Million

TechnologyBusinessAI
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Key Concepts

  • Coding skills in the age of AI
  • Human psychology and persuasion
  • AI tools for design and prototyping
  • Philosophy and critical thinking
  • Dabble and date, double down
  • Making a million dollars with a cell phone
  • Brokering deals and commissions
  • Self-sabotaging behaviors
  • Cognitive therapy and AI
  • Connecting the dots looking backwards
  • Motion, not direction
  • Productivity tools and intentionality
  • Transitioning between tasks
  • Contagious energy and calm assertiveness

Coding Skills in the Age of AI

  • Main Point: The speakers disagree with the premise that coding is no longer a valuable skill.
  • Argument: Even with AI tools, coding knowledge allows for better understanding and control over the technology.
  • Supporting Evidence: Current AI tools like Replit and Cursor still require coding knowledge for effective use.
  • Perspective: Coding skills will enable individuals to command an "army of robots," increasing productivity.
  • Alternative Skills: Focus on human psychology, behavioral economics, and persuasion, as these are less likely to be automated.

Learning and Skill Development

  • Key Point: At 18, focus on exploring interests and learning how to learn, rather than picking the "right" skill.
  • Methodology: "Dabble and date" to discover interests, then "double down" on them regardless of external perceptions.
  • Example: Obsessing over League of Legends or fitness can be valuable for developing focus and dedication.
  • AI Tools: Spend time experimenting with AI tools to build prototypes and solve problems.

Philosophy and Critical Thinking

  • Observation: Many thoughtful and successful individuals have a background in philosophy.
  • Argument: Philosophy fosters logical thinking and the ability to challenge conventional wisdom.
  • Example: Peter Thiel, Joe Lonsdale, and Karp are cited as examples of individuals with philosophical backgrounds who think critically and go against the grain.

Making a Million Dollars with a Cell Phone

  • Challenge: How to make a million dollars in one year with only a cell phone, no network, and no investment.
  • Strategy: Focus on brokering deals for others, targeting high-value transactions like real estate or business sales.
  • Methodology: Offer a no-risk structure, such as a commission-based finder's fee for bringing a buyer to the table.
  • Example: Finding real estate developers and offering to scout deals for them in exchange for a commission.
  • Real-World Application: The story of Gabe, who manually connected service providers with customers and later built the company Modernize.
  • Modernize.com: A website that connects homeowners with HVAC companies, earning $200 per lead.
  • Outcome: Even if the goal of making a million dollars is not achieved, valuable skills and a strong network will be developed.

Self-Sabotaging Behaviors

  • Sam's Example: Making quick decisions in emotional states and being unwilling to change opinions once "dug in."
  • Example: Dismissing a job candidate due to a poor first impression or quickly writing off an employee after a mistake.
  • Sean's Example: Contradictory behavior, such as having a private chef and then ordering Taco Bell.
  • Underlying Cause: Self-sabotaging behavior is often the shadow of a real strength, such as using storytelling skills to justify poor decisions.
  • Solution: Use tools like ChatGPT to challenge one's own thinking and identify logical flaws.

Cognitive Therapy and AI

  • Application: Using ChatGPT as a therapist to identify flaws in thinking and structure logical arguments.
  • Methodology: Forcing ChatGPT to ask questions and challenge assumptions.
  • Benefit: AI provides a non-judgmental space for honest self-reflection.

Connecting the Dots Looking Backwards

  • Concept: Reflecting on past decisions and events to understand how they led to current successes.
  • Methodology: Identifying the key decisions, events, or lucky breaks that contributed to positive aspects of life.
  • Sam's Example: Focusing on one thing at a time, such as his first company or his relationship with his wife.
  • Sean's Example: Identifying five key areas (family, podcast, health, outlook on life, Ben) and tracing their origins.
  • Key Decisions: Saying yes to opportunities, having the courage to pursue relationships, and giving people the benefit of the doubt.

Productivity Tools and Intentionality

  • Sam's System: Using a Google Doc to outline quarterly goals, strengths, weaknesses, and weekly tasks.
  • Key Element: Planning the week in advance and scheduling time to accomplish tasks.
  • Sean's Approach: Focusing on intentionality and transitioning between tasks mindfully.
  • Methodology: Taking 5-10 seconds between activities to breathe and mentally prepare for the next task.
  • Benefit: Prevents blurring of activities and allows for choosing one's mood.

Contagious Energy and Calm Assertiveness

  • Parenting Lesson: Applying business principles to parenting, such as seeking expert advice and frameworks.
  • Sean's Example: Watching YouTube videos on parenting techniques to address his children's behavior.
  • Key Concept: Recognizing that energy is contagious and maintaining calm assertiveness.
  • Example: Learning to train a dog to develop calm assertiveness, which can then be applied to parenting.

Conclusion

The discussion covers a wide range of topics, from navigating the changing landscape of skills in the age of AI to practical strategies for productivity and personal growth. Key takeaways include the importance of continuous learning, critical thinking, and intentionality in both professional and personal life. The speakers emphasize the value of self-reflection, seeking expert advice, and adapting one's approach based on changing circumstances.

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