E40: The Day My Dream Came True

Oct 31, 2019
Overview

Stephen Bartlett reflects on his company going public, sharing personal insights on how external success doesn't guarantee internal fulfillment. He discusses the importance of authenticity, actively practicing gratitude, and embracing uncertainty to achieve genuine happiness and professional success.

At a Glance
6 Insights
50m 40s Duration
11 Topics
6 Concepts

Deep Dive Analysis

Reflecting on Social Chain's Public Listing and Personal Growth

The Anti-Climax of Achieving Major Financial Milestones

The Importance of Actively Practicing Gratitude

The Challenge of Authenticity in a Cancel Culture Era

Research on Authenticity and Life Satisfaction

Practical Steps to Embrace Your True Self

Why Constantly Searching Leads to Unhappiness

Achieving Excellence Through Skill Stacking

Personal Reflections on Time, Work, and Solitude

Embracing Uncertainty for Personal Growth and Success

Personal Insights on Relationships and Love

Anti-climax of financial success

This refers to the unexpected feeling of not experiencing euphoria or significantly increased happiness after achieving a major financial milestone, such as a company going public. It suggests that internal fulfillment may already be present, or that external financial gains do not infinitely scale happiness as societal narratives often suggest.

Deploying Gratitude

This concept emphasizes the active practice of gratitude, rather than expecting it to appear naturally. It involves consciously using techniques like contrast (comparing current well-being to past difficulties or others' suffering) or reflecting on one's entire journey to cultivate a deeper sense of appreciation.

True Self

The true self is defined as the most honest, authentic, sincere, and carefree version of an individual, free from masks, affectations, or pretensions. It is about embracing oneself exactly as they are in the present moment, including perceived 'ugliness' or 'weirdness,' rather than trying to conform to an ideal or societal image.

Happiness as an Inside Job

This mental model posits that true happiness and fulfillment are not found in external achievements, future milestones, or continuous searching, but rather originate from within. It suggests that contentment comes from cultivating a healthier mindset and perspective in the present moment, recognizing that 'there' (a future state of happiness) doesn't exist outside of where you are now.

Skill Stacking

Skill stacking is a strategy to become highly successful or 'the best' in an industry or profession, not by being the absolute top in one skill, but by being in the top 5-10% at a variety of complementary and unique skills. This combination of several above-average skills creates a unique competitive advantage that is harder to replicate than excelling in a single area.

Handling Uncertainty

This concept highlights the critical ability to step out of a miserable or stagnant situation into an unknown, ambiguous future. It suggests that the inability to face the fear of uncertainty is often the biggest barrier to change and personal growth, and that embracing this transition is essential for achieving happiness and success.

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What does it mean for a company to go public?

When a company like Social Chain goes public, it means shares can be bought by the public, the company can raise money via an IPO, and founders/shareholders gain a simple mechanism to sell their shares, marking a significant milestone.

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How does authenticity relate to happiness?

Studies indicate that individuals who demonstrate greater authenticity tend to experience higher life satisfaction and less distress. Even simply recalling a time of being authentic can lead to an immediate increase in happiness.

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Why do we constantly search for happiness externally?

Society, media, and other narratives often program us to believe that happiness is an external destination or a future milestone (e.g., more money, a promotion), leading to a continuous search that prevents us from finding contentment in the present moment.

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How does Stephen Bartlett spend his time?

Stephen Bartlett spends a significant amount of his time alone, working constantly. For downtime, he enjoys getting massages and watching sports like football, UFC, and boxing, which provide him with things to look forward to outside of work.

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What is the biggest obstacle to changing an unhappy situation?

The primary obstacle to changing an unhappy situation is not the situation itself, but rather one's inability and fear to handle the uncertainty that comes with leaving that situation and stepping into the unknown.

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What did Stephen Bartlett learn about relationships from his upbringing?

Growing up, Stephen witnessed his parents' frequent arguments, which led him to believe that relationships inherently involved constant screaming and having to 'put up with shit,' initially causing him to fear and avoid romantic commitment.

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Is it possible for everyone to find a fulfilling relationship?

Yes, Stephen Bartlett believes that if he, despite being a 'weirdo' who works constantly, is a recluse, and is overly philosophical, can find someone who makes him feel content, then there is hope for everyone to find a fulfilling relationship.

1. Embrace Uncertainty for Growth

Your inability to handle uncertainty is a greater long-term enemy than your current bad situation. Be brave enough to step into uncertain situations to escape misery and achieve happiness and success, as change won’t happen otherwise.

2. Prioritize Authentic Living

Cultivate a life true to yourself, as authenticity correlates with greater happiness and less distress. Reflect on your true values, stop imitating others, and align your time with situations that accept who you are, even if it means journaling or being vulnerable.

3. Actively Practice Gratitude

Make gratitude your religion by actively deploying it, especially through contrast (e.g., comparing your current state to past struggles or others’ suffering). This practice helps you feel grateful, focus on what truly matters, and reduce attachment to external validation.

4. Stop Chasing External Happiness

Give up the belief that happiness is a future milestone (e.g., more money, a promotion, more followers), as it will prevent you from finding contentment in the present. Recognize that happiness is an internal state, cultivated by a healthier mindset and addressing internal issues.

5. Build a Complementary Skill Stack

Become the best in your field by aiming to be in the top 5-10% of several complementary and unique skills, rather than just one. Identify uncommon skills in your industry that provide a competitive advantage and focus on developing them.

6. Demand Respect in Relationships

Realize that while compromise is necessary in relationships, you should not have to tolerate constant conflict or “shit.” Seek connections that make you feel content and complete, rather than settling for misery.

only 0.00001% statistically of entrepreneurs will get this particular piece of information firsthand in their life

Stephen Bartlett

You actively have to deploy gratitude. You cannot expect to just feel grateful.

Stephen Bartlett

The one biggest regret of dying people, the one thing that bugged them the most was living a life that wasn't true to themselves.

Stephen Bartlett

Until you give up on the idea that happiness is somewhere in your future, it will never be where you are now.

Stephen Bartlett

What if you are already enough?

Unnamed person (quoted by Stephen Bartlett)

Your enemy isn't ever your current situation... your enemy over the long term will become your inability to handle the uncertainty you face by leaving that shitty situation.

Stephen Bartlett

Until you're brave enough to take a step into uncertainty nothing will change and you shouldn't expect it to.

Stephen Bartlett

How to Become Your True Self

Stephen Bartlett
  1. Be clear with who that person is: what you like, dislike, value, and how you feel, without factoring in what people might think of your answers.
  2. Stop imitating, conforming, and abandoning your true self.
  3. Rebuild your relationship with external validation, approval, and people-pleasing, understanding that validation is an inside job.
  4. Align your time with situations that accept your true self and distance yourself from situations that require you to be someone you are not.
  5. Keep a journal to become more self-aware and understand your thoughts, feelings, dreams, and values.
  6. Say what you mean and mean what you say.
  7. Realize that you have to be comfortable with being vulnerable, as there's a steep adjustment period when making changes that bring you closer to your true self.
  8. Transition slowly by creating a 'true self bucket list' of 20 practical things or habits your true self wants to do, and tick them off as you confidently achieve them.

Developing Your Skill Stack

Stephen Bartlett
  1. Write out the skills you believe will allow you to succeed and set you apart in your industry.
  2. Audit yourself by ranking your current skills as a comparison to others within your industry.
  3. Focus your development on getting into the top 5-10% for each of the game-changing skills you've defined for your personal endeavor.
over 200 million
Market valuation of Social Chain after going public
0.00001%
Statistical likelihood of entrepreneurs getting specific firsthand information Relates to the unique experience of a company going public.
1
Probability of being the number one person in a city with a specific skill stack If you are in the top 10% of six different skills in a city of one million people (1,000,000 * 0.1^6 = 1).