Summary of James Altucher's Reinvent Yourself

By IRB Media

Please note: This is a companion version & not the original book.

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#1 Incomes are getting lower every year. This will never stop, and relying on college, a job, promotions, security, and stability is a thing of the past. Meanwhile debt has gone straight up.

#2 The basic equation of all economics has been reversed. Supply is almost infinite, and demand has gone down. The rich are getting richer because of this.

#3 The rich get richer, and the poor get poorer. This is what the government wants, because it wants to stay in power, and it wants to keep the rich rich.

#4 The wealthy are using the system to make the poor poorer. They are primarily designed to make the rich richer and the poor poorer.

• Language: English
• Publisher: IRB Media
• Release date: Mar 28, 2022
• ISBN: 9781669376200

IRB Media

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Insights from Chapter 1

#1

Incomes are getting lower every year. This will never stop, and relying on college, a job, promotions, security, and stability is a thing of the past. Meanwhile debt has gone straight up.

#2

The basic equation of all economics has been reversed. Supply is almost infinite, and demand has gone down. The rich are getting richer because of this.

#3

The rich get richer, and the poor get poorer. This is what the government wants, because it wants to stay in power, and it wants to keep the rich rich.

#4

The wealthy are using the system to make the poor poorer. They are primarily designed to make the rich richer and the poor poorer.

#5

You must have multiple sources of income to be able to survive. The IRS says the average multimillionaire has seven different sources of income. When you have only one source of income, you are falling into the trap of being one of the masses instead of one of the people who will survive.

#6

The world is changing quickly. A few years ago, we didn’t have tablets or smartphones. Now a billion+ people have them. The best artists, billionaires, astronauts, athletes, writers, entrepreneurs, and inventors have reinvented themselves over and over.

#7

Reinvention is a daily process. It’s not something you can do once a year and declare it a day of celebration. It’s a constant process of redefining freedom, improving relationships, and developing new habits.

Insights from Chapter 2

#1

Reinvention is life. It is the call to adventure that constantly whispers to us. Do we answer it. Do we take the call. After my dad went into a permanent coma, I had to take his car back to the dealership and hand them the keys.

#2

I do extensive research on the golfers I want to mentor. I read their bios, their history, and everything they have written. I also read the books they like and have spoken publicly about.

#3

Some people will never be a mentor to you. They are too busy or don't want to be. That's fine. But, you should still keep in touch with them so that you can stay updated on their progress.

#4

I always make myself available to people who I look up to as mentors. By definition, they are less available than I am, but I