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A recession is very bad for publicly traded companies, but it's the best time for startups. When you have massive layoffs, there's more competition for available jobs, which means that an entrepreneur can hire freelancers at a lower cost.

Tim Ferriss

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Tim Ferriss
Age: 47
Born: 1977
Born: July 20
Author
Businessperson
Investor
Podcaster
Technology Evangelist
Writer
East Hampton
New York
Tim Ferriss
Mean
Companies
Traded
Time
Competition
Recession
Available
Recessions
Cost
Publicly
Company
Hire
Means
Lower
Jobs
Massive
Layoffs
Best
Entrepreneur
Layoff

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Poisonous people do not deserve your time. To think otherwise is masochistic.
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Just because you are embarrassed to admit that you're still living the consequences of bad decisions made 5, 10, 20 years ago shouldn't stop you from making good decisions now. If you let pride stop you, you will hate life 5, 10, and 20 years from now for the same reasons.
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The blind quest for cash is a fool's errand.
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You and your friends could plan the trip of a lifetime in 6-18 months to visit the completed school, teeming with dozens or hundreds of students who greet you with smiles and thank you letters. You'll know it's your school because your names will be on the door.
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Doing something unimportant well does not make it important.
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Don’t follow a model that doesn't work. If the recipe sucks, it doesn't matter how good a cook you are.
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The question you should be asking isn't, What do I want? or What are my goals? but What would excite me?
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The least-crowded channel for meeting high profile bloggers is in person. Email is the most difficult, the most crowded... I'm a top 1,000 blogger, not a top 100 blogger, and I get hundreds of pitches by email every week. Most of them I don't even see because my assistant declines them.
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Age doesn't matter. An open mind does.
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I'm often asked how I define success. It's an overused term, but I fundamentally view this elusive beast as a combination of two things - achievement and appreciation. One isn't enough: Achievement without appreciation makes you ambitious but miserable. Appreciation without achievement makes you unambitious but happy.
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Having a size 9 foot is fantastic because almost all of the shoe companies do their prototyping in size 9, so if you visit a place like Nike headquarters, you can try every sort of wacky, out-there model.
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Awareness, even at a subconscious level, beats fancy checklists without it, track or you will fail.
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When you try to do something big its hard to fail completely.
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If you spend your time, worth $20-25 per hour, doing something that someone else will do for $10 per hour, it's simply a poor use of resources.
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There are tons of things in your home and life that you don't use, need, or even particularly want. They just came into your life as impulsive flotsam and jetsam and never found a good exit. Whether you're aware of it or not, this clutter creates indecision and distractions.
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I'm not a big believer in long-term planning and far-off goals. In fact, I generally set 3-month and 6-month dreamlines. The variables change too much and in-the-future distance becomes an excuse for postponing action.
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Slow down and remember this: Most things make no difference. Being busy is a form of mental laziness-lazy thinking and indiscriminate action.
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I didn't even like white wine. Then I tasted it and bought a case. It was the first case of any wine I'd ever bought.
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What you do is infinitely more important than how you do it.
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People who avoid all criticism fail. It's destructive criticism we need to avoid, not criticism in all forms.
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