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James Altucher is a successful entrepreneur, chess master, investor and writer. He has started and run more than 20 companies, including StockPickr, and sold several of those businesses for large exits. He has published 11 books, and is a frequent contributor to publications including The ... more

How James Altucher and Ramit Sethi Helped Me Earn $50,000+ In The Past 40 Days

Date: Sunday, July 31, 2016 10:16 AM EDT

(Note from James:  Today I’m just republishing a post from the Choose Yourself Facebook group that is too good not to share.  Thanks to Ian Luebbers for being brave,  for writing this and for letting me share it on my site)

This is a true story.

I’ll tell you how I did it in a minute (and how you might be able to also).

But first, I want to talk about why this isn’t just some random success story that you read in Fortune magazine and then forget about. It comes from a real person who suffered a hell of a lot to get where he is today.

Let me explain.

Last July, I decided to join Ramit Sethi’s Zero to Launch and start an online business. I got all excited, spent $2,000 of my hard-earned money from my summer job, and then got to work.

It actually went pretty well at the beginning. Only later would I feel the stab to the heart that comes to so many entrepreneurs on their journey. But let’s stick with the honeymoon phase for now.

I launched into work and found a niche (helping introverted entrepreneurs improve their social skills) and started building my email list. All that good stuff.

Then I went back to college for my third year and got stuck. Really stuck. Torn-between-physics-homework-and-market-research-interviews-tearing-my-hair-out stuck.

I cheated on a bunch of physics assignments so I could have more time to work on my business.

I couldn’t take it anymore. I had to stop splitting my heart in two.

So I called up my mom and told her I was dropping out of school for the semester. I was all polite and explained my reasoning.

You would think I had thrown a boiling kettle of water over her head.

She started crying and yelling and told me that I was throwing my life away. That I was plunging a dagger into her heart. (Those were her actual words. I’m not dramatizing here.) She told me I had better stay in school or I was paying my cell phone bill and my own tuition.

All $56,000 a year worth.

So I wrote a plea for help in this Choose Yourself group, on the recommendation of my mentor and rock Joyce Akiko. And it sort of blew up.

(You can take a look: https://www.facebook.com/groups/chooseyourself.me/search/…)

Here’s what I wrote:

*begin post*

[URGENT: Need advice ASAP]

I feel like the life I knew is falling apart before my eyes and my next steps are critical. I would deeply appreciate guidance and support.

Here is what’s happening. I’m a twenty year old college student starting an online business, and last week I flew to New York City behind my parents’ backs for a business event (with my own money) and they found out and decided to withdraw all financial support. I called my mom to apologize and she exploded, telling me that starting a business was ruining my life and destroying my relationships.

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Angry Old Lady 2 years ago Member's comment

I don't get it. If you still have $15k in credit card debt, and yet you just made $18k last Tuesday, why not just pay off the debt? That would make a lot more sense.