Techzing 38 – Pete Michaud / Retired at 25

Justin and Jason speak with Pete Michaud about achieving financial independence, overcoming one’s fears and cognitive biases, the importance of optimism, making progress through a series of small steps, managing creativitus, the value of metrics and rational thinking, living an authentic life and working to change the world.

24 Comments
  1. Great show – my favourite so far.
    BTW: you have called Pete “Paul” in the title above!

  2. Bopinder Abu Morpalinder Singh says:

    Great show. Maybe I need to move to Jacksonville, FL.

  3. Jason says:

    @Andrew Davey I just changed it. Thanks for pointing that out. Nice job, Justin! ๐Ÿ˜‰

  4. Robin says:

    Very interesting an insightful interview. I like the way you kept bringing the interview back to the basic points that you wanted to know about and asked the dumb questions that we all want to know the answers to.

    Thanks guys.

  5. Jason says:

    @Robin I’m glad you enjoyed the interview. While at times I do like to discuss ideas in the abstract, I think that stories illustrating those ideas make them much easier to understand, internalize and remember. Plus, I just like to listen to stories and his was particularly interesting to me. ๐Ÿ˜‰

  6. Fantastic show. Really thought provoking, with some great insights.

    @Justin – You asked how you could get more users for tweetminer. I had a quick look at your site and my first thought is that the signup process is really clunky. You have to register an account, verify the email address, then go back to the pricing page and re-select your package before going to paypal. It could be a lot slicker. Good luck getting 20k+ users.

  7. Jason says:

    @Ollie Rattue Thanks for the positive feedback! We took a little bit of a risk inviting Pete onto the show as he was kind of an unknown quantity, but I really think it worked out. He’s an interesting and impressive guy with what I think is a pretty inspiring story.

  8. Bopinder Abu Morpalinder Singh says:

    Just listened to it again. So when he says he has retired, he means he does not need to work for anyone else? Ok, in that case, me too! Well, almost. Talked to my wife about her helping me, she said go to hell.

    Sigh…

  9. Jason says:

    @Bopinder Abu Morpalinder Singh That’s hilarious! My wife would probably say the same thing. ๐Ÿ˜‰

  10. Bopinder Abu Morpalinder Singh says:

    My wife is coming around! I just gave her some pretty reasonable numbers for licensing deals and she saw dollar signs! (Or more likely, vacationing to Disneyland)

  11. Samh says:

    Justin : I’m only half way through this podcast so you may cover it.

    Have you given away many licenses of tweetminer ? Peldi has written about giving away
    license obviously, to the extent that he wrote an application to make it easier.

    You should find level 2 celebrities, meaning not television or music types but people who are well known in their field.

    Is there a well known doctor who twitters ? A well know chess player who twitters ?
    A well known romance author who twitters ? A well know XXX who twitters ?

    Offer them a free tweetminer license. You get 100 (or more) people who are well known in their niche and use twitter to use tweetminer. Then in 2 months you ask them for a testimonial for your site.

    Offer one free tweetminer license to anyone who is running for political office.

    If the front page of tweetminer had 30 testimonials from minor celebrities (people who are gods to people in their niche) that might have an effect.

  12. Bopinder Abu Morpalinder Singh says:

    Sam’s onto something!

  13. Justin says:

    @Samh That’s a fantastic idea. I have some new features coming out soon that should make that even better (such as cross posting to Facebook etc)

  14. Vitolds says:

    @Justin

    Kevin Smith twitters like crazy – give him the tweetminer license (twitter.com/thatkevinsmith)

  15. Bopinder Abu Morpalinder Singh says:

    If Justin does not make $5K for a month in a year’s time, providing he does some actual marketing, I will reveal my identity.

  16. Samh says:

    Bopinder : I would love to know what your product is, since you’ve done well. Not to copy your specific product but to get an idea of the approach you took and see if it inspires other ideas.

    Your quotes on the podcast were very interesting. Find an expensive product, try it, find any small missing features or problems, and release something to overcome those problems. Sounds like a great strategy.

  17. Samh says:

    Justin :

    I see no TweetMiner adwords when I search for :

    tweet scheduler
    twitter scheduler
    twitter help
    tweet help

    Throw $30 on adwords at those keywords, bid $0.10 a click. Put the conversion tracking javascript on your sign up page, and one on your purchase confirmation page (so you can track who went to sign up, and who actually gave their credit card details). If you dont use conversion tracking with adwords it’s 100% worth doing, takes no time at all.

    The question is, how many free signups and how many paid signups would that $30 get you ?

    Ok, I feel like a stalker, so this will be my last suggestion ๐Ÿ™‚

  18. Bopinder Abu Morpalinder Singh says:

    Sam, my product has not done well! It’s only $30K in a year. That’s not enough to live on (just barely, though.)

    Well is Mr. Adobe Peldi from Balsamiq. That guy… Man.

  19. Good show with a bit of a different angle than usual!
    I actually would like to hear more about ebook publishing as this is something I had considered for some tech topics (e.g. some subscription management extensions I worked on for Ruby-PayPal). So I’d love to hear more about the whole e-publishing process both from a technical and business perspective.

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