David Weekly

Amen. Know what you need to be in a good place (core friend time, hobbies, reading, whatever) and then experiment the heck out of the other things and brace for all kinds of painful failure. A sure way to success!

Dan Maggs

Ramit…love that idea about getting stability in the core elements in your life allowing you to be aggressive and make mistakes in other areas. Double your mistakes and double your successes!

Great stuff guys!

Kristi

Ramit, you are right about keeping the basics very stable – it helps with risk elsewhere.

During a very unexpected time of instability several years ago, I had to discover a new “tripod” for those rocky months. I came out of it all with a new degree and career, as well as my original tripod of friends, home, car/job/etc intact (minus husband).

TheZign.nl @ 2009 » Blog Archive » Tim Ferriss and Ramit Sethi on Blogging Techniques and Self-Publishing vs. Big Publishers

[...] Ramit’s latest post, you will find an additional video on our mutual “false starts” and [...]

Carrie Tallman

The quote, “to double your success rate, double your failure rate” really helps me keep going. Those who don’t want the pain of failure will likely avoid the fruits of success as well.
Thanks for the video!

Chuck

It was good to hear you two talk about this. People talk a good game about failure, but few realize that it’s not theoretical until they go and live it. As an ongoing reality that has to be navigated constantly, what to do with real failure gets far less attention than it deserves. Thanks for sharing.

Mike

Brilliant! Tripod of stability alone would comfort MILLIONS today who have lost every shred of stability…or so they believe.

295,000 people nationwide are behind on their house payments, fearing the loss of their homes.

100s of 1,000s are losing their homes each month.

Of course, a bazillion people each month are losing their jobs…pink slips continue raining from the sky with no let up in sight.

This is today’s reality whether it is for you or your readers.

From my little space in the world, I help people improve their credit, save their homes or avoid foreclosure (in Florida).

Imagine sitting at the kitchen table every day (7 days a week) trying to help Mom and Dad keep their home as children (noticeably worried) pretend to play nearby.

Mom and/or Dad are out of work (no stability).

All I can do is help them delay foreclosure for up to 2 years as they try to regain stability. In the meantime, they’re trying to keep a roof, a car, food on the table & hope around the children.

Stability is lost today for millions. A good friend of mine is a social worker who now is working with children and parents at local public schools. The lack of basic necessities at home is overwhelming to children.

You’ve prompted me to put together a series of posts (interviews) with experts.

Perhaps the silver lining in the near future will be more responsible and frugal living.

Please note, at no time am I suggesting the people I’m working with to save their homes or avoid foreclosure have been or were financially irresponsible. When the economy fell off the cliff, direct and collateral damaged ensued…as if a nuclear explosion hit the family.

From multi-millionaires to people living month-to-month, I see the same horror day after day. (Many) people have no reserves…no stability and is leading to the LOSS of a car, where they live and worst of all their relationships.

Thanks for insightful posts. I discovered you through Tim Ferriss.

Mike

Steve

That was an absolutely amazing interview. You guys are truly inspirational. I’ve had my share of failed attempts, but I need to go on and double my failure rate, so as to increase my success rate!

daniel,

He meant “taxis”, he is conservative about riding at another’s one car. So he has a Honda. Lil’ bit eccentric?

David

Good interview. I like the idea of a “failure folder.” It could be motivation and data to help you become better, but also it can show you that your “failures” aren’t really all that bad. That goes back to something that Tim always says – you shouldn’t fear failure because it’s never as bad as you imagine.

But Tim does paint a rather rosy picture of entrepreneurship towards the end of this video, doesn’t he? =P

Weekly Dividend Investing Roundup - April 25, 2009 | The Dividend Guy Blog

[...] Tripod of stability [...]

Hinesh

You make fun of frugality and no wonder Americans are in trouble. Read this:

http://www.blog.happionaire.com/2009/04/for-every-indian-dont-be-brainwashed.html

Don’t try to brainwash the world.

Lori

Hinesh, have you read Rami’s book? Somehow I doubt it, since I just finished reading the chapter on frugality.

Hinesh

Sister Lori I haven’t read his book. But I saw his video on Youtube where he made fun of being frugal and respecting money (Goddess Laxmi). It is very sad and I really hope my brothers and sisters in America lead a more simple and balanced life. Also a lot of Americans always want to fight. The link I posted suddenly has some American insulting India and Indians. Why can’t Americans try not to be more peaceful. We are all humans after all.

Live webcast this Saturday on entrepreneurship, writing, mentoring « I Will Teach You To Be Rich

[...] couple weeks ago, I did a webcast with Tim Ferriss. Here’s a [...]

The G Manifesto

My own tripod of stability is:

1. Custom suits (Savile Row)
2. Spanish wine, Cigarettes and fly girls
3. Boxing

My Tripod is a Bit Wobbly « The Nomad

[...] was delighted to find this post, in which two of my favorite bloggers, Ramit Sethi and Tim Ferriss, talk on video about the false [...]