The Benefits of CREATING A LIST of Ten Ideas! - James Altucher Live Motivation

Описание: James Altucher
Author of bestselling book ‘Choose Yourself’ 📖
Investor 💸 Entrepreneur 🧠 & host of ’The James Altucher Show!’ 📽🎞
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First 5 Minutes of Automated Script:
00:01
welcome to IG live once again I will
00:08
wait for some people to log in hey Lisa
00:10
how are you doing Jay how you doing
00:13
Camila how you doing Camila how you
00:16
doing
00:17
can't pronounce your name trevin's how
00:20
you doing now Chuck Palahniuk just sent
00:24
me a message one minute ago and
00:26
unfortunately has to reschedule we're
00:28
trying to reschedule for next week so we
00:31
were gonna have a special guest today
00:32
but it's postponed until next week he
00:35
was having last-minute
00:36
technical difficulties who knows but I
00:40
will still do an IG live and now it's
00:43
totally off the cuff because I had
00:45
prepared all this stuff about writing
00:47
and writing questions and now Chuck
00:51
couldn't make it so yes but no Chuck but
00:55
he will come back next week he had to
00:58
reschedule I happens all the time just
01:01
happens that it's happening on an IG
01:04
live but I think we're going to do more
01:06
guest spots in the future with writers
01:10
inventors comedians politicians and so
01:14
on but Chuck we will reschedule for next
01:17
week I'm sorry about that could still
01:19
ask your writing questions and we'll
01:20
keep track of them and I'll tell you
01:23
some things I learned from his writing
01:25
but yes I'm disappointed and and we'll
01:31
see but that said I'm all ready to
01:34
answer some questions right now you know
01:37
they're talking about a new stimulus
01:40
bill in Congress I'll just really
01:42
quickly comment on that and you know
01:47
thinking of three trillion and stimulus
01:48
the whole question is why do we need why
01:52
do we need more stimulus and the answer
01:55
is they messed up with the last stimulus
01:58
they gave all this money to Airlines
02:01
industries hotels businesses even
02:03
colleges they gave a trillion and a half
02:07
dollars to businesses that don't spend
02:09
money they put the money in the bank
02:12
or they pay down debt and so on the debt
02:14
goes out of the country
02:16
they needed stimulus that very
02:18
specifically replaced dollar for dollar
02:21
the money that we lost in the economy or
02:23
the money that we're losing this quarter
02:25
so now they're proposing another
02:26
stimulus package and what do you know
02:28
it's a three trillion dollar stimulus
02:31
package with one trillion dollars set
02:34
aside for states and I don't really
02:37
understand I don't know if this is I
02:38
don't know what the issues I don't know
02:39
if this is a Democrat or a Republican
02:40
issue but states don't need money people
02:44
human beings need money so if you're
02:49
gonna do a stimulus package that you
02:51
want people to spend the money and so
02:54
that the economy actually comes back
02:55
then you need to give it directly to the
02:58
people who spend money Americans do not
03:00
save money the average savings of the
03:03
average American is four hundred dollars
03:05
and that's even before the pandemic if
03:07
you give an American a thousand dollars
03:10
he or she is going to spend it that day
03:13
and that increases what's called the
03:15
velocity of money how much money is
03:18
spent in the economy so if you really
03:20
want to get to trillion dollars spent in
03:22
the next quarter
03:23
you need to directly directly give
03:27
consumers - spenders the money to spend
03:30
you can't give it to like New Jersey or
03:34
Florida or New York or California a
03:40
mediately spend it they're just gonna
03:41
pay down debt or whatever so I will add
03:45
for anybody who just logged on Chuck
03:48
Palahniuk is gonna have to had to
03:49
reschedule we're probably going to
03:51
reschedule for next week he's very
03:53
apologetic he was having technical
03:55
difficulties no problem we will do next
03:58
week we could still talk writing right
04:00
now it's one of my favorite topics but I
04:04
just wanted to mention real quickly the
04:06
reasons why they need a new stimulus
04:08
package but also don't mess it up this
04:11
time
04:11
the only if your goal everything you do
04:15
whether it's writing or creating a
04:17
stimulus package everything you do must
04:20
move that goal forward even if the goal
04:23
changes which it could
04:25
and should often so in a stimulus
04:27
package if your goal is to replace the
04:30
money that was not spent this quarter in
04:33
the economy you need to give money
04:35
directly to the people who spend money
04:37
give it to the consumers instead of
04:41
giving their so Nancy Pelosi is talking
04:43
about a three trillion dollar stimulus