Extremely Honest Q&A

Mar 1, 2021
Overview

Stephen Bartlett answers listener questions about his life and business, sharing brutally honest advice on topics like handling uncertainty, maximizing earning potential, overcoming imposter syndrome, finding meaning, and managing the challenges of success and ambition.

At a Glance
12 Insights
47m 23s Duration
8 Topics
5 Concepts

Deep Dive Analysis

Lessons from the Pandemic: Uncertainty and Prioritization

Maximizing Earning Potential: Finding the Right Market for Your Skills

Understanding and Embracing Imposter Syndrome

Motivation to Do Unwanted Tasks: Comfortable vs. Challenging

The Meaning of Life and Combating Meaninglessness

Hedonistic Adaptation and Missing the Simplicity of Being Poor

Personal Weaknesses: Prioritization, Relationships, and Impatience

Overcoming Fear of Failure and Humiliation When Starting a Business

Uncertainty is Preparable

This concept suggests that while the future's unpredictability cannot be changed, one can develop a rigid set of principles to navigate unexpected chaos. These principles include acceptance of what has happened, optimism to find hope, and action to drive towards a positive outcome.

Second L (Voluntary Loss)

This refers to the voluntary choice to respond to involuntary negative events (the 'first L') with denial, pessimism, and inaction. Choosing these responses increases the chances that bad times will worsen, whereas acceptance, optimism, and action can prevent this 'second L'.

Hedonistic Adaptation

Also known as the hedonistic treadmill, this principle describes how human satisfaction with a certain level of joy or material possessions decays over time. As one is exposed to more 'nice things,' the appreciation for smaller joys wanes, requiring increasingly more to achieve the same level of thrill or satisfaction.

Epidemic of Meaninglessness

This idea posits that a widespread lack of purpose or meaning in life contributes to societal issues like depression and addiction. The episode suggests that when intrinsic meaning is removed (e.g., by external circumstances like a pandemic), individuals must actively fight to create new meaning and connection.

Comfortable and Easy are Enemies

This principle suggests that while comfort and ease might feel good in the short term, they can lead to negative long-term consequences by preventing growth and avoiding necessary hard work. Choosing challenges over comfort is essential for personal development and achieving future ambitions.

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What is the most important lesson the pandemic has taught or reconfirmed?

The pandemic reconfirmed that uncertainty is preparable, even if not predictable. It highlighted the importance of principles like acceptance, optimism, and action in navigating chaos, and the need to prioritize macro life goals over mere productivity.

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How can one maximize their earning potential?

Maximizing earning potential isn't just about improving skills, but about finding the right market where those skills are most valued, in demand, and rare. Moving your existing skill set to a different 'stock exchange' or industry can significantly increase its return.

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Do successful people experience imposter syndrome, and how do they overcome it?

Yes, imposter syndrome is a natural human feeling when stepping outside one's comfort zone. Successful individuals embrace this feeling as a sign of growth, using the associated nerves or fear to focus, attack challenges, and put in more effort, rather than retreating.

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How do you motivate yourself to do things you don't want to do?

Motivation comes from understanding that comfort and ease are short-term friends but long-term enemies. Choosing the challenge, even when uncomfortable, leads to growth. Asking 'How would the person I want to become behave right now?' can guide decisions towards desired future self.

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What is the meaning of life?

The meaning of life is to create and live a meaningful life, which is subjective to each individual. It's found in efforts that result in progress or outcomes feeling deeply worthwhile and fulfilling, such as relationships, work, hobbies, or personal growth.

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What do people miss about being poor once they become wealthy?

People often miss the appreciation for small things due to hedonistic adaptation, where satisfaction with material possessions decays over time. They also miss the 'bliss of ignorance' regarding the true nature of happiness, and the excitement of having massive challenges (like financial freedom) to pursue from the bottom.

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What are common weaknesses for highly ambitious and successful individuals?

Common weaknesses include struggling to prioritize non-urgent but important personal relationships over urgent work, being self-centered and unwilling to compromise in romantic relationships, and becoming increasingly impatient and sometimes rude due to constant mental bombardment and the need for efficiency.

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How can one overcome the fear of failure or humiliation when starting a business or putting themselves out there?

Overcome this fear by focusing on 'Who do I want to be and what makes me happy?' and pursuing that path. Be prepared to lose people who don't support your happiness, as their criticism often stems from envy. Success is built on small, consistent decisions, so don't let minor comments deter you from your potential.

1. Apply Acceptance, Optimism, Action

When faced with unexpected uncertainty or chaos, adopt principles of acceptance (of feelings and unchangeable events), optimism (finding and creating hope), and action (using optimism to drive physical and mental fight-back) to navigate difficult times and avoid a ‘second loss’.

2. Create a Meaningful Life

Actively create and live a meaningful life by pursuing intrinsic passions, hobbies, relationships, and work that feel deeply worthwhile and fulfilling, especially when external sources of meaning are removed, as this is a powerful antidote to feeling lost or depressed.

3. Prioritize Macro Life Goals

Instead of just saving time, prioritize better by allocating time to your long-term macro priorities like friends, relationships, health, and the joy of work, reinvesting saved time into these areas for a more joyful existence.

4. Embrace Imposter Syndrome for Growth

View the feeling of imposter syndrome as a healthy, natural sign that you are pushing yourself and growing; reframe it as an exciting challenge to attack with focus and effort, rather than retreating from uncomfortable situations.

5. Choose Challenge Over Comfort

Approach decisions with skepticism towards what is comfortable and easy, as these are short-term friends but long-term enemies; instead, choose the challenge to foster growth and overcome psychological discomfort, as these are the most valuable moments for progress.

6. Act as Your Future Self

In moments where you want to quit or procrastinate, ask yourself, ‘How would the person I want to become behave right now?’ to guide your decisions and align your actions with your long-term ambitions and values.

7. Maximize Skill’s Market Value

Beyond improving your skills, strategically consider where your existing skills (e.g., social media, marketing) will reap the greatest return by seeking out markets, industries, or roles where they are more in demand, higher valued, or rarer.

8. Cultivate Gratitude for Small Things

Consciously make an effort to be grateful and appreciate the small things in life, as hedonistic adaptation can cause your satisfaction with possessions and experiences to decay over time, requiring more to feel the same joy.

9. Create New Ambitious Goals

After achieving significant life or career goals, make a conscious effort to create new, even bigger goals that match the same level of excitement and challenge you had when starting out, to maintain a sense of fulfillment and purpose.

10. Prioritize Non-Urgent Important Relationships

Actively prioritize non-urgent but long-term important relationships (e.g., family, meaningful friendships) over urgent work priorities, recognizing that their lack of immediate urgency does not diminish their crucial long-term value.

11. Maintain Decency Amidst Busyness

Despite being mentally bombarded with priorities, make a conscious effort to switch your behavioral philosophy between personal and professional contexts, ensuring you remain a gracious, polite, and present human being, rather than compromising on decency to save time.

12. Ignore Ridicule, Pursue Happiness

When facing ridicule or snide comments from friends or peers for pursuing your ambitions, ask yourself ‘Who do I want to be and what makes me happy?’ and pursue that path, understanding that losing people who don’t support your happiness is often necessary.

Uncertainty is not predictable, but it's preparable.

Stephen Bartlett

Comfortable and easy are like really short-term friends, but they're long-term enemies.

Stephen Bartlett

The feeling of imposter syndrome is both healthy, natural, and a sign that you're putting yourself in a position where there's pressure which will make you grow.

Stephen Bartlett

The meaning of life is to create and live a meaningful life.

Stephen Bartlett

Getting what you aim for is the best way to find out if it's actually what you wanted.

Stephen Bartlett

Your central responsibility as a human being is to pursue your happiness, your truth and the things that give you the most intrinsic joy.

Stephen Bartlett
$1 billion
Valuation of a business on a German stock exchange Same company, team, products, mission as if it were on the New York Stock Exchange.
$4 billion
Valuation of the same business on the New York Stock Exchange The value is 4x higher due to the different market, highlighting the impact of market choice on earning potential.
£4 per hour
Hourly wage in a call center in Plymouth, Devon Stephen's experience before moving to a different call center.
10 times more
Increase in pay at a different call center with the same skills Illustrates how moving to a different market can drastically increase earning potential for the same skills.
Up to 10 times more
Potential increase in pay for a flight attendant flying private jets Compared to flying for Emirates, due to tips and other factors, for the same set of skills.
7 hours
Time taken to record a 2-minute video due to imposter syndrome Stephen's personal experience when first trying to make a video.
Over 70%
Percentage of highly successful people who become incredibly impatient Observation made by Stephen Bartlett among his acquaintances.