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With the right mindset and insight, anyone can become a millionaire.
Are you tired of just paying bills until you die? Are you wasting your life at a job that doesn't make you fulfilled or financially secure? Then Future Proofing You: Twelve Truths for Creating Opportunity, Maximizing Wealth, and Controlling Your Destiny in an Uncertain World is for you.
In this life-changing book, celebrated author and entrepreneur Jay Samit, who's worked with such visionaries as Bill Gates, Steve Jobs, Reid Hoffman, and hundreds of successful entrepreneurs, shares the key understandings and step-by-step process for becoming rich and never needing another job again. To prove the power of his 12 Truths, Samit also details the journey of how he mentored a broke millennial with these principles and empowered him to go from being on welfare to becoming a self-made millionaire in one year.
Building upon the principles in his internationally acclaimed book Disrupt You, Samit explains:
This book is perfect for anyone who is tired of jobs with no security, hopes to truly realize their professional and personal potential, and is looking for a way to build a better life for them and their family. Future Proofing You also belongs on the bookshelves of entrepreneurs and intrapreneurs everywhere who hope to inspire their teams to become something greater than what they already are.
JAY SAMIT is an author, a former NASDAQ company CEO who held senior management roles at EMI, Sony, and Universal Studios, and is a former independent Vice Chairman of Deloitte Consulting, LLP. Samit is an international keynote speaker and provides disruptive solutions for such corporate clients as Adobe, Coca-Cola, Disney, Ford, LinkedIn, Microsoft, Starbucks, Unilever, Visa, and dozens more. He is a columnist for Fortune, appears frequently on ABC, Bloomberg, CBS, NBC, and has been quoted in the New York Times, The Economist, USA Today, Variety, and others. He lives in Los Angeles.
Foreword xi
Introduction 1
How Do You Go about Future Proofing You? 4
Part I The Twelve Truths 7
Chapter 1 The Growth Mindset 9
Truth #1 - You Must Have a Growth Mindset 10
How Do So Many Fail in a Land So Rich with Opportunity? 10
Job Security is a Myth 12
Wealth Comes from Creating Money, Not Earning and Saving It 13
Fostering a Growth Mindset 16
Six Techniques for Developing a Growth Mindset 19
Chapter 1.5 The Future Proofing You Experiment 27
Rules for the Future Proofing You Experiment 28
Finding a Mentee 29
Chapter 2 Leveraging Obstacles for Success 37
Truth #2 - Obstacles Are Opportunities in Disguise 38
Finding Problems to Solve 39
Seven Steps for Problem Solving 43
What Problem Was Vin Clancy Going to Solve? 47
Vin's Million-Dollar Idea 50
Chapter 3 Harnessing Fear to Your Advantage 53
Truth #3 - Fear is Good 54
Fear Inaction More than Action 57
Overcoming the Fear of No Funding 58
Overcoming the Fear of Going Broke 60
Proven Technique for Tackling Doubt 63
Harnessing the Three Primary Fears of Others 65
Chapter 4 Embracing Failure as Part of the Journey 71
Truth #4 - Failure is Great 72
Four Approaches to Embrace Failure 74
Reducing Your Chances of Failing 76
Chapter 5 Igniting Your Superpower by Applying What Makes You Unique 81
Truth #5 - Your Unique Superpower Makes You Successful 82
Identifying Your Kryptonite 90
Chapter 6 Turning Perseverance into Passion 95
Truth #6 - Passion Makes You Unstoppable 96
Four Questions for Cultivating Passion 101
Six Techniques for Maintaining Passion 104
Chapter 7 Don't Fly Solo: Finding the Right Mentor for Each Phase of Your Career 111
Truth #7 - You Can't Go It Alone 112
Three Ways to Find a Mentor Using LinkedIn 116
Building a Network of Mentors 118
Finding a Partner 120
Using Mentorship to Build Your Team 121
Upscaling Your Team 123
Chapter 8 Everything is a Tech Startup. Yes, Everything! 127
Truth #8 - Everything is a Tech Startup 128
Time Management is a Competitive Edge 132
Three Tips for Increasing Productivity in a Digital World 133
Vin's Top 22 Growth-Hacking Tools 135
Chapter 9 Filling the Void 141
Truth #9 - You Must Fill a Void 142
Mortar and Use Case Voids 143
Cross-Pollination 145
30-Day Challenge Revisited 147
New Technology Solves Old Problems 148
Find Voids Others Are Too Busy to Fill 149
Vin's Void Vanishes 150
Chapter 10 The Trillion-Dollar Opportunity 155
Mobile is Going Spatial 156
Truth #10 - Spatial Reality is a Trillion-Dollar Opportunity 157
The M.O.V.E. Method 159
Chapter 11 Working Hard Doesn't Make You Rich 167
Truth #11 -Working Hard Doesn't Make You Rich; Working Smart Does 169
Deal Structure 171
Raising Capital 174
Reinvesting Profits 179
Chapter 12 RemoteWorkers Are Your New Competitive Advantage 185
Truth #12 - Remote Workers Are Your New Competitive Advantage 186
Benefits of Employees Working from Home 188
Five Techniques for Managing Remote Workers 190
Part II Future Proofing Your Business 197
Chapter 13 Using Mergers and Acquisitions for Future Proofing You 199
The Art of the Exit 200
Why Large Companies Acquire Small Companies 201
Getting an Offer 204
Chapter 14 Fulfilling the Need for Profitable Sustainability 209
Sustainable Capitalism 211
Purpose-Driven Profits 213
The Sharing Economy 215
Four Questions for Creating Sustainability 217
Chapter 15 Pay It Forward 223
Epilogue - Vin's Reflections 227
About the Author 231
Acknowledgments 233
Index 235
BEING A MILLIONAIRE. We've all had the dream. Picking the winning lottery ticket. Discovering a long-lost Rembrandt painting in the attic. Or perhaps, learning that the Nigerian prince who emailed really is wiring you millions of dollars. No more debt or worries; just Lamborghinis, yachts, and magnums of champagne. But, while most people idly daydream about living the lifestyle of the rich and famous, many people just like you are actually doing it. I have tried to synthesize the most important lessons and knowledge that I have gained over the last three decades into 12 truths that make success possible for anyone. While these truths aren't taught in any business school, they are the foundation for wealth creation in the digital age. This book was written to be your indispensable guide for starting a business, growing a company, or creating a better life for you and your family in this post-pandemic, technologically interconnected, globalized world.
Today, there are a total of 16.5 million millionaires around the world who have amassed an astonishing $63.5 trillion. What is even more amazing is the fact that a new billionaire is created every 48 hours. Think about that for a moment: Every two days a new billionaire is enjoying a life you can only imagine.
Now ask yourself, how did you spend yesterday and today? Are you any closer to your dreams of financial freedom? Or did you trade another precious day of your life for a job that you don't like? A job that will never provide you the lifestyle and independence that you so fervently desire. A job that pays you just enough not to quit, but not enough to live in the style you deserve. Be honest with yourself: Are you truly living life or just paying bills until you die?
How can you break out of this pernicious cycle?
In the history of mankind, it has never been easier than now to become financially independent and spend more time enjoying life with friends and family. The reasons for this massive accumulation of new wealth are simple. With mobile phones and the internet making our world more interconnected, and 7.6 billion potential customers just one click away, you only have to be right for a nanosecond to make millions. The right product or service, at the right time, and you can amass wealth to support your family for generations.
So, the real question is: If all of these millionaires and billionaires have the same 24 hours in a day that you do, what are they doing differently than you? How did they find the opportunities that eluded most people? How can you learn to see the world as they do?
The vast majority of the world's billionaires didn't come from wealthy families or positions of power. Most did not go to top Ivy League universities. And none of them sat at home waiting for the Publisher's Clearing House van to arrive. The honest truth is that most of today's wealthy are no different than you or me. If you would have told me when I was growing up in a row home in Philadelphia that dozens of the people I work with would become billionaires, I would have asked you what you were smoking. Yet, when I first worked with Bill Gates, Jeff Bezos, Paul Allen, Richard Branson, David Geffen, Reid Hoffman, Elon Musk, Brock Pierce, Eric Schmidt, and dozens of others, they hadn't yet attained the wealth that made them internationally famous. But what they had discovered was the secret path to Future Proofing their careers and businesses.
The secret is: our world is fundamentally different from the one we were taught about in school. All businesses are tech startups. Sustainability is profitable. The 12 truths in this book will shatter the misconceptions readers have on how to make a career and build a business. Warren Buffett built his wealth by slowly saving and investing over decades (he made 99 percent of his wealth after the age of 50), while social media star Kyle Jenner will be a self-made billionaire by 22. Kyle grew up digital savvy while Buffett still refuses to use a smartphone. Which world do you want to live in?
The 12 truths in Future Proofing You are not about luck or astrological signs. They are surely not about grinding it out for 40 years, clipping coupons, and counting your pennies. The truths are all about leveraging a positive attitude in a highly interconnected world. Attitude is something each one of us can learn to enhance and control. You already have within you the power to become a millionaire. You've just never been shown a proven process to follow.
School was designed to get you to fall in line and get a job in someone else's company. Your natural curiosity was shackled into conformity. This book will help you break out of the employee mindset and teach you the 12 truths every twenty-first-century entrepreneur needs to embrace in order to achieve success. Most of your life you have been told to get the safe and steady job by people who had given up on their dreams years before you came along. How is that advice working out for you so far?
There is another way. The simple truth is that self-made men and women just look at the world differently. Where most see problems, Future-Proofers see unmet needs. Where most are afraid of failure, they embrace it and harness it. Those striving to achieve don't worry about what others think. Every billionaire's name that I just dropped was at one point along their journey written off as crazy or foolish. Lastly, where most are afraid to ask for help, a Future-Proofer seeks out mentors to speed them on their journey.
Future Proofing You will walk you step-by-step through the process of attaining wealth and mastering your own life by shattering the misconceptions that hold most people back. This isn't a get-rich-quick scheme, and I am not trying to sell you anything. I want you to succeed for a very selfish reason: Our world needs more entrepreneurs. Entrepreneurs are the backbone of a free and stable society. No democracy can survive without a thriving middle class, and entrepreneurs are our job creators. They solve societal problems and are rewarded for the risks they take. I love living in a world that gets better each year. Each new innovation that creates a Future-Proofer also makes our lives more productive, fun, and rewarding. Airbnb, Waze, and Uber started as half-baked ideas from individuals who believed in themselves. I have had the privilege to work with some of the most successful billionaire innovators on the planet. With this book, I am paying what I learned over the past three decades forward so as to enjoy the astounding innovations that the next generation will create.
You will only need two things to achieve lasting success and a seven-figure bank account. They are not money or connections. Success doesn't require a college degree nor a high IQ. You don't even have to live in a major city or first-world nation. There are just two things that every self-made woman or man must possess in order to succeed, one of which this book will provide and the other one you must bring with you to the Future-Proofing process.
The only requirements for becoming Future Proof are insight and perseverance (as you will learn in the following chapters, everything else can be hired). Insight is all about finding opportunities and learning how to quickly capture the value created by changes in our society. We are living in an era of endless innovation where each new app, device, or service creates a new void upon which an insightful entrepreneur can quickly amass wealth. Wealth that can last generations can now be attained in the shortest time ever in history. My friend Brock Pierce, who Forbes magazine lists as one of the richest cryptocurrency billionaires, didn't invent Bitcoin. But Brock had the insight to leverage this innovation and make hundreds of millions of dollars in just a couple of years (with no employees, capital, or investors). Social media influencer Tom Bilyeu couldn't find a healthy good-tasting protein bar to help his family lose weight, so he and his friends made one in their kitchen. A couple of years later, Quest Nutrition was a billion-dollar company. Insights are the light that guide you down the path to success. As you will soon discover, the opportunities for success are all around you. You just have to learn what to look for and how to capture the value you create. Future Proofing You is the torch to illuminate your path.
While techniques for uncovering insights will be taught in this book, perseverance comes from deep within. You must make a personal commitment to see this journey through to the end. No one is going to hand success over to you. It must be earned. You will also learn how to bolster your perseverance by discovering your purpose. Becoming future proof doesn't happen overnight and it won't be easy. For many, it will take longer than a year, but the moment you commit to Future Proofing You, is when the journey begins. As the ancient Chinese philosopher Lao Tzu wrote, "The journey of a thousand miles begins with one step." Only you can take the first step (and since you are reading this book - you are already on your path to prosperity).
But you won't have to walk this road alone. Your perseverance will be aided by the stories and techniques of other millionaires who have made the journey before you. As they share their trials and tribulations, you can acquire tools for coping with setbacks and...
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