The Rich Employee

by James Altucher

Troy Shu
Troy Shu
Updated at: February 23, 2024
The Rich Employee
The Rich Employee

What are the big ideas? 1. Small daily improvements can lead to big changes over time. 2. Positive relationships boost your growth, while negative ones hold you bac

Want to read ebooks, websites, and other text 3X faster?

From a SwiftRead user:
Feels like I just discovered the equivalent of fire but for reading text. WOW, WOW, WOW. A must have for me, forever.

What are the big ideas?

  1. Small daily improvements can lead to big changes over time.
  2. Positive relationships boost your growth, while negative ones hold you back.
  3. Innovation and creative ideas are key to thriving in today's economy.
  4. Financial freedom comes from diversifying income and managing risks wisely.
  5. Learning from both success and failure is essential for personal and financial growth.


Cultivating Personal Growth and Self-Improvement

  • “Every day focus on 1% improvement of what I call ‘The Daily Practice’”.
  • “The Daily Practice is how we take the stone of ourselves, all of the places where we feel blocked, and turn those stones into works of art”.
  • “You are the coach of your future self”.
  • “Everything that happens in your future is a direct result of what you do today”.

Building Meaningful Relationships and Networks

  • “Avoid spending time with people who bring you down. Spend more time with people you love and who love you”.
  • “People will not remember what you said, they will remember how you made them feel”.

Embracing the Idea Economy and Innovation

  • “The ONE Thing thing that can’t be outsourced is Ideas. We are now transforming for the first time into a pure ‘Idea Economy’”.
  • “Nothing can replace your ability to innovate, have a vision, and then execute on that vision in the most efficient way possible”.

Financial Independence and Entrepreneurship

  • “The average multi-millionaire has 14 different sources of income”.
  • “Being an entrepreneur is NOT about taking risk, it’s about ELIMINATING all risk. Being an entrepreneur, or having multiple sources of income is ultimately safer than having a job, but only if you use the job to get rid of all the risks. Just being an entrepreneur, without having multiple sources of income, without first taking care of the risks, is suicide”.
  • “All good things must come to an end. From the day you start, you need to plan your exit”.

Leadership and Empowering Others

  • “The Rich Employee must become a leader”.
  • “If you are a leader of less than 30 people, you have to know intimately the problems of all 30 people (or less) in your organization”.
  • “Leadership is not about achieving your dream. It’s about helping everyone else achieve their dreams”.

Personal Responsibility and Mindset

  • “The only thing you have control over is your mindset, your habits, and the choices you make internally about how you’re going to deal with a situation”.
  • “You cannot help others choose themselves until you have chosen yourself to be healthy, to be free from the gatekeepers, to have a life of freedom”.

Learning from Success and Failure

  • “When you lose money it’s because you might have done something incorrectly. This is feedback you can use to make more money. And when you make more money, this is feedback that you are doing good things”.
  • “You have to remember your experiences, study your failures, try to note what you did right and what you did wrong, and remember them for future experiences”.


  1. How can focusing on improving just 1% every day change your life in the long run?
  2. Why is it important to surround yourself with people who uplift you?
  3. How does the shift to an Idea Economy impact the value of your ideas and innovations?
  4. What steps can you take to diversify your income sources and reduce financial risk?
  5. In what ways can you become a leader who helps others achieve their dreams?
  6. How do your mindset and daily choices shape your future?
  7. What can you learn from your financial losses to improve your financial gains?
  8. How can studying your past successes and failures help you make better decisions today?


What do you think of "The Rich Employee"? Share your thoughts with the community below.