What Peter Thiel’s Billion Dollar Question Teaches Us

It could change everything for you

The question is this:

How can you achieve your 10 year plan in 6 months?

Woh. It still gets me every time. And on so many levels.

Another question:

Why can’t you achieve more in the next 6 months than you have in the last ten years? That flips the question on its head but it still makes you think the same way.

It forces you to think big and forces you to abandon your preconceived notions as to what is possible.

Two billionaire traits right there.

Let’s dive in-

Thinking big. We will never achieve great things by playing small. If your first thought to the question is, ‘I can’t’ then stop yourself right there and force yourself to answer how you could. If someone had a gun to your head.

Those that allow their imaginations to soar without the confines of loser think are those who end up changing the world. It may not work out but big bets always follow big thinking. fact.

Abandoning your preconceived notions as to what is possible. We can’t get ahead if we are running the same mental models that have got us to where we are. Those who get ahead are constantly changing their perspectives and expanding their ideas of what is possible. If you were one worth ten million dollars and you lost it all, you are more likely to make it back than someone who has never made a million. This is because you know it is possible. Once you know it, you know it and nothing can ever bring you back from that.

This is why entrepreneurs succeed again and again because they know they can.

How do they do that? — by constant experimentation, focusing on outcomes over their egos and hyper-focus.

This question opens up all of these avenues for you. The answers you give yourself are the right answers. But those answers show us the true cost.

I would have to give up seeing my friends, give up the gym, give up eating out and just focus on one thing and that thing only. I would have to sleep in the office and forgo entertainment and all the other wonderful comforts life brings.

This is pretty normal for guys like Elon Musk who flew to his brother's wedding saw the ceremony and then flew straight back to the Tesla factory without even seeing the speeches.

It’s not for everyone, but if you want it, you know what to do.

But do you want it badly enough?

Only you can answer that question.