Unlock stock picks and a broker-level newsfeed that powers Wall Street.
How to Be the Luckiest Person Alive, Again

Originally published by James Altucher on LinkedIn: How to Be the Luckiest Person Alive, Again

I am mentally ill. And I’m in a mid-life crisis. I’m dishonest. And I’m a horrible father. And I think with my dick.

Thanks to all the kind strangers these past few days who wrote me these insightful facts about myself.

Here is the evidence: I don’t spend all my money on useless things.
I don’t believe in college, or voting. I have never had credit card.

A lot of people didn’t like my article the other day about minimalism.

About the fact that I have two bags of ALL of my possessions in the world and I have no steady address. [see attached photo]

Comments ranged from what I said above to, “This douchebag should get a haircut” to “He is probably screwing crack whores”.

I hope none of these things are true. But if I am mentally ill I probably can’t tell. That’s the sad problem with mental illness.

I am not sleeping in the street, by the way, I just don’t feel like ever signing a lease or buying a home again. And yes, getting a haircut today.

America has a negative savings rate.

That means the average American spends more than they earn so they have to borrow money to buy the rest of the things they spend on.

Which means if you do the reverse of spending (throwing 99.9% of your things away), you are practically the opposite of average.

And what happens when you go the other way while everyone is running to catch the train leaving the station behind you?

People think you are crazy. People think you are missing the train. The train they rushed to get to.

People think you are having a crisis or you are depressed. People think you are less than them because you are not living their lifestyle.

If you stretch beyond what is normal, then you find out who you are.

I have never owned a credit card. So when I had to find an apartment recently and potentially sign a lease, I had a problem. I had no credit history.

My accountant had to write a letter. My lawyer had to write a letter. I had to show my bank statements. And I had to meet every other resident of the building.

I still had to explain why it was that unlike everyone else in America, I have never gotten into credit card debt.

By the way, debt is not a bad thing. Debt is what fuels almost all small businesses. And small businesses are responsible for more than 50% of all job creation in the United States.

For me, though, I have mental problems when it comes to debt. I really am mentally ill.

When I saw my parents lose all of their money and then get severely depressed because of debt I decided never to have any debt.