Fear Setting and Memory Dividends: Living the Life You Want

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This chapter discusses the concept of fear setting and the idea of a memory dividend, using personal examples and highlighting the book 'Die With Zero' by Bill Perkins. It emphasizes the importance of allocating income to investing in experiences that pay dividends in the form of memories.

In this week’s episode, Patrick Donley (@JPatrickDonley) sits down with Dickie Bush, a former BlackRock portfolio manager turned digital entrepreneur. You’ll learn the secrets to Dickie’s success in football, on Wall Street, online as a writer and content creator, and even how he lost 100 pounds after his football career at Princeton ended.

Dickie co-founded Ship30For30, a cohort-based course which has helped over 10,000 students start writing.

He’s a former professional online gamer and captain of the Princeton football team who has gone on to build a successful career on Wall Street and more recently, as a digital entrepreneur.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro.

02:43 - How video games taught him more than his Ivy League degree about business.

05:45 - What “obsession based” learning is.

07:53 - What his experience at BlackRock was like and why he left.

10:49 - When you should consider leaving a job.

11:36 - How he got started with a blog synthesizing content he was already listening to.

19:46 - What his early days on Twitter were like.

30:53 - How he made $10,000 as a ghostwriter.

36:59 - What the impetus of Ship30For30 was and how he developed the program.

40:36 - How he eliminated his scarcity mindset and improved his relationship with money.

44:18 - Why you should create a “memory dividend” fund with your money.

53:47 - Why you need to save the first $100,000 in cash before you start investing.

57:40 - Why he spent $68,000 on a mastermind group.

63:31 - How he lost 100 pounds and what nutrition system worked best.

68:04 - What keeps people from writing and a tool to generate topics to write about.

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

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Recommended book: The Almanack of Naval Ravikant by Eric Jorgenson.
Recommended book: Die with Zero by Bill Perkins.
Recommended book: The Anthology of Balaji by Eric Jorgenson.
Recommended book: 4 Hour Workweek by Tim Ferriss.
Check out the books mentioned in the podcast here.

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