4/28/2020 Book Summary: The Rich Employee by James Altucher

ARTICLES BOOK SUMMARIES BOOK NEWSLETTER

The Rich
Employee by
James
Altucher

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The Book in
Three Sentences
1. Focus on 1% improvements
every day.

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4/28/2020 Book Summary: The Rich Employee by James Altucher

2. Become an entreployee.
3. We’re transforming into an
“Idea Economy”.
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The Five Big

Ideas
1. “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”.
2. “Nothing can replace your
ability to innovate, have a
vision, and then execute on
that vision in the most
e cient way possible”.
3. “The average multi-
millionaire has 14 di erent
sources of income”.
4. “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
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4/28/2020 Book Summary: The Rich Employee by James Altucher

having multiple sources of

income, without rst taking
care of the risks, is suicide”.
ARTICLES BOOK SUMMARIES BOOK NEWSLETTER
5. “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”.

The Rich
Employee
Summary
“Every day focus on 1%
improvement of what I call
‘The Daily Practice’”.

“Avoid spending time with

people who bring you
down. Spend more time
with people you love and
who love you”.

“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”.
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4/28/2020 Book Summary: The Rich Employee by James Altucher

“The ONE Thing thing that

can’t be outsourced is Ideas.
We are now transforming
ARTICLES BOOK SUMMARIES BOOK NEWSLETTER
for the rst 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
e cient way possible”.

“The average multi-

millionaire has 14 di erent
sources of income”.

“Nothing ever works out

when you are at the whims
of others. It doesn’t matter
if you are an entrepreneur
or an employee. Once
someone is bribing you to
do something (a salary is a
form of bribery if you are
only doing the work for the
money and not for the
meaning) then you become
a prisoner”.

“All good things must come

to an end. From the day you

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4/28/2020 Book Summary: The Rich Employee by James Altucher

start, you need to plan your

exit”.

ARTICLES
“BeingBOOK SUMMARIES
an entrepreneur is BOOK NEWSLETTER

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 rst taking
care of the risks, is suicide”.

“People will not remember

what you said, they will
remember how you made
them feel”.

“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
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4/28/2020 Book Summary: The Rich Employee by James Altucher

you have chosen yourself to

be healthy, to be free from
the gatekeepers, to have a
ARTICLES BOOK SUMMARIES BOOK NEWSLETTER
life of freedom”.

“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”.

“The Rich Employee creates

so much value he/she has
credit to spare and can
easily just outright give it to
others”.

“Ideas are not quite a dime

a dozen. They are a dime for
three or four”.

“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

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4/28/2020 Book Summary: The Rich Employee by James Altucher

(or less) in your

organization”.

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“Leadership is not about
achieving your dream. It’s
about helping everyone else
achieve their dreams”.

“If you don’t give yourself

permission to create a new
world, chances are nobody
else will”.

“Do something today that

tomorrow people will say is
great”.

“You are the coach of your

future self”.

“Everything that happens

in your future is a direct
result of what you do
today”.

“You can only make a

di erence in your life when
you stand out. When you
aren’t afraid to go beyond
the fringe”.

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4/28/2020 Book Summary: The Rich Employee by James Altucher

“You have to remember

your experiences, study
your failures, try to note
ARTICLES BOOK SUMMARIES BOOK NEWSLETTER
what you did right and what
you did wrong, and
remember them for future
experiences”.

Recommended
Reading
If you enjoy The Rich Employee,
you may also like the following
books:

Become an Idea Machine:

Because Ideas Are The
Currency Of The 21st
Century by Claudia Azula
Altucher

Choose Yourself: Be Happy,

Make Millions, Live The
Dream by James Altucher
by James Altucher

The Choose Yourself Guide

to Wealth by James Altucher

Buy The Book:

The Rich
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4/28/2020 Book Summary: The Rich Employee by James Altucher

Employee
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