Tribe Of Mentors: Short Life Advice from the Best in the World

by Timothy Ferriss

What advice would you give to a smart, driven college student about to enter the “real world”? What advice should they ignore? [My advice is to] take risks, now. The advantages that college students and new grads have are their youth, drive, lack of significant responsibilities, and, importantly, lack of the creature comforts one acquires with time. Nothing to lose, everything to gain. Barnacles of the good life tend to slow you down, if you don’t get used to risk-taking early in your career. I started numerous companies in my early 20s only to see them all fail, but I never thought twice about starting the next one. I knew after the first one that I loved the feeling of starting something, and I had almost no other responsibilities. Eventually, one of the startups did work out, but I was prepared to try as many times as it would take to win. If you are your sole responsibility, this is the time to step outside of your comfort zone, to start or join an exciting, risky project; to drop everything else at the chance to be part of something really great. So what if it fails? You can always go back to school, take that job at an investment bank or a consulting company, move into a nicer apartment. The advice to ignore (in certain situations) is to strive to become “well-rounded”—to move from company to company, looking to pick up different types of experience every year or two, when starting out. That’s useful in the abstract, but if you find that strength of yours (as an indi...