10 Life-Changing Lessons I Learned From James Altucher

“Don’t pay your credit card debt.”

Sergey Faldin 🇺🇦
Mind Cafe
Published in
8 min readJul 18, 2021

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James Altucher. Image courtesy to New York Times.

James Altucher is one of my heroes. He might be yours too. To save you years of browsing and reading around, here’s a recap of the main lessons I’ve learned from him over the years.

#1. The 1% Rule

This is something James calls his ‘daily practice’.

If you improve at anything 1% per day, by the end of the year you’ll become better at it by 37 times.

1.0¹³⁶⁵ = 37.7834343329.

In Choose Yourself! and The Choose Yourself Guide To Wealth James advises us to take care of our health: spiritual, mental, physical and emotional and improve at each of its aspects 1% per day.

You take care of your spiritual health by being grateful. You take care of your mental health by learning something new each day. Physical — exercise. Emotional — being around people you love, and who love you back.

If you stick to anything for a year, you’ll become better than 99% of people in the world at it.

Whether it’s writing, blogging, building a business or exercising. Stick to it, and improve 1% daily. Let the compounding effect do the rest.

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Sergey Faldin 🇺🇦
Mind Cafe

Honest thoughts. Unpopular opinions. Not necessarily true or smart. | The Guardian, Al Jazeera, Meduza | Personal stories: sergeys.substack.com