Overcoming Fear, Processing Failure, and Why Having a Plan B Holds You Back with Matt Higgins

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 8 March 2023

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

#105: Serial entrepreneur Matt Higgins joins Chris discuss how people can stop getting held back from their full potential. They talk about why a backup plan might be what's holding them back. They also lay out a framework to get over reservations, understand your motivations, overcome fears, process failures and handle crises. Matt Higgins (@mhiggins) is a successful businessman and author. He is currently the Co-founder/CEO of RSE Ventures, but previously was the youngest press secretary in New York during 9/11, Executive Vice President of the New York Jets, Vice Chairman of the Miami Dolphins, a guest shark on Shark Tank, and an Executive Fellow at Harvard Business School. His book is Burn the Boats: Toss Plan B Overboard and Unleash Your Full Potential. Full show notes: https://allthehacks.com/burn-the-boats-matt-higgins Partner Deals Notion: Try Notion AI to automate tedious tasks and streamline your work Fabric: Affordable term life insurance for you and your family Athletic Greens: Free 1 year supply of Vitamin D and 5 free travel packs Inside Tracker: 20% off personalized wellness & nutrition plans backed by science goodr: Free shipping on amazing/stylish sunglasses and ski goggles Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth Selected Links From The Episode Join the All the Hacks Membership Matt Higgins: Linkedin | Instagram | Twitter Book: Burn the Boats: Toss Plan B Overboard and Unleash Your Full Potential Wharton Research Article: The Downside of Making a Backup Plan – and What to Do About It Full Show Notes Introduction to Matt Higgins (00:00) What sets this story apart from other business books (02:08) Common obstacles that hold people back (04:16) Identifying roadblocks (05:54) “Face Everything” (08:27) Creating change in the workplace environment (11:31) Identifying your pathway forward (13:24) Opportunity cost decision-making and getting buy-in (15:55) Processing decisions and why it matters (21:09) The difference between having a plan B and knowing plan B is out there (26:14) Chris’s valuable membership vision (29:12) How much commitment is needed to “burn your boat” (30:35) Consolidating gains (31:48) Acceptance and growth (35:42) Focusing on your strengths (36:28) Processing failures through persistence (38:57) Never give up (42:10) Moving forward as a paranoid risk-taker (48:20) Framework for setting goals (49:38) Dealing with crises (51:11) Settling vs. pursuing (54:10) Publicly committing to plan A: All the Hacks membership (54:55) Where to find Matt Higgins online (59:11) Connect with All the Hacks All the Hacks: Newsletter | Website | Facebook | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Transcript

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0:00.0	Hello, and welcome to another episode of All the Hacks, a show about upgrading your
0:06.3	life, money, and travel.
0:08.3	I'm Chris Hutchins, and I started this show almost two years ago because I love doing
0:12.1	all the research to optimize every aspect of my life, and I wanted a way to share that
0:17.2	journey with you.
0:18.4	After the first dozen or so episodes, I knew this would be my full-time thing, but somehow
0:23.3	it took me another year and a half until I was ready to go all in.
0:27.5	Now I am so glad that finally happened, but why did it take me so long to commit to
0:32.2	something I knew deep down inside I was ready for?
0:35.3	Well, that is exactly what we're going to talk about today, and I'm joined by the perfect
0:39.4	person for the conversation, Matt Higgins.
0:42.6	Matt grew up in poverty and dropped out of high school at the age of 16 before going
0:47.0	on to graduate from law school and then become the youngest press secretary in New York City
0:51.6	history during 9-11, where he led the effort to rebuild the World Trade Center site,
0:57.3	before becoming the executive vice president of the New York Jets, and then the vice chairman
1:01.4	of the Miami Dolphins.
1:03.0	Matt was also a guest shark on Shark Tank, he teaches at Harvard Business School, and through
1:07.5	the investment firm he co-founded RSE Ventures, he's invested in some of America's most
1:11.9	beloved brands.
1:13.6	So what does all this have to do with me, taking too long to go all in on this podcast?
1:18.4	Well, Matt just published an incredible book that I wish I had been able to read a year
1:23.2	ago, where he shares his framework to stop hedging and unlock your full potential.
	...

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