TIP148: HOW TO BECOME REJECTION PROOF

BY JIA JIANG

23 July 2017

One of the common threads observed among billionaires is becoming immune to rejection.  Famous billionaires like Sara Blakely says that she experienced so much rejection early in her career that it provided the key ingredients to her success later in life.  In fact, Blakely tried to be a standup comedian and failed.  She tried to become a lawyer like her father but failed the LSAT – twice.  She even auditioned to play Goofy at Disney World, but she was too short.  After selling fax machines for 7 years and being rejected almost daily, she finally started to have her breakout moment.  Blakely said, “It was great life training.” By hearing, “no,” so many times, she started to learn how to get to yes.  This is what this week’s podcast is all about.

A person that had a similar experience to Blakely was the author of this week’s book review, Jia Jiang.  Jia learned that his fear of rejection was so strong that it was inhibiting his ability to pursue many of the dreams in his life.  As a result, Jia went on an inspirational journey to fight his own fear of rejection while blogging about the experience.  His book, Rejection Proof, captures the key learning points from that journey.  Jia’s book and speeches were so good, that billionaire Tony Hsieh, hired Jia to address the employee’s of Zappos.

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IN THIS EPISODE, YOU’LL LEARN:

  • The different methods for stock investing valuations.
  • The difference between investors and speculators.
  • When you should hold short term and long term bonds.
  • How to counteract risk in your portfolio.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

Preston Pysh  0:02  

Hey, how’s everyone doing this week? So this week, we had the opportunity to read an incredible book that might have been one of my favorite books of 2017. And the book was by Jia Jiang, and it’s titled, “Rejection Proof.” 

So, when Stig and I were thinking about a common theme that can be found with all these billionaires that we study, a common discussion point that constantly came up was this idea of being able to overcome rejection. 

Or in other words, you can maybe say how can a person stay persistent and continue to press on even after hearing no, so many times. For example, here’s a couple quotes from some famous billionaire. So Richard Branson has said, “Do not be embarrassed by your failures. Learn from them and start again.” 

This one’s really funny. Jack Ma says, “When KFC came to China, 24 people went for the job. 23 people accepted the job. I was the only guy who didn’t get taken.” And then, there’s John Paul DeJoria, and he’s the founder of Paul Mitchell, and he said, “Be prepared for rejection no matter how bad it is, don’t let it overcome you or influence you.” 

Now, when people hear that kind of stuff, it’s very easy to say, oh yeah, that makes a lot of sense. But then how do you actually put that into application? When you hear that, it just sounds so cliche, but that’s where our podcast today is going to come in. 

And so, I’ve never personally read a book that covers this topic so well. In fact, the author Jia Jiang was personally selected by billionaire Tony Hsieh to deliver a keynote speech at Zappos, to all the employees about being rejection-proof.

Stig Brodersen  1:36  

It’s such a unique book. And not only does he have a lot of good stories, like the time he went off to ask for a burger refill. He would get a refill of your soda, like you can also get a burger, and he was turned down for that. Not only that, he had a love of hilarious rejections but he also gives people a lot of good takeaways that you can actually use in your personal life.

Preston Pysh  2:02  

So that’s what we’re going to be talking about today. And the title of the book again is, “Rejection Proof.” We’re ready to do this.

Intro  2:13  

You are listening to The Investor’s Podcast, where we study the financial markets and read the books that influence self made billionaires the most. We keep you informed and prepared for the unexpected.

Preston Pysh  2:34  

Alright, so let’s go ahead and kick off this episode. Stig, I’m real curious. What did you think of this book because I really, really liked this book.

Stig Brodersen  2:44  

I think the book was really funny. And that was not what I expected at all when I started reading this book, because after all, this book is about rejections and who thinks that reactions are funny. 

But the way that he goes about getting rejections and the silly and really inspiring stories he came up with to get the funniest rejections, if you can put it like that, I really liked that. And also, I think it was amazing to see rejections being covered from this perspective.

Preston Pysh  3:13  

Yeah, I was a little hesitant to even do this as an episode, whenever I saw the book. I didn’t know if this was something I wanted to do because I figured it was going to be a little dark and gloomy, and it was literally the exact opposite of that. It was actually one of the funnier books I’ve read in a long time. 

So, what we’re going to do for this episode. We’re just going to walk you through the story. We’re going to tell you from beginning to end, Jia Jiang’s story that he has here. 

So the book starts off with his dissatisfaction with where he was at in his life. He was a marketing director for a Fortune 500 company, and he just was not happy. He just felt like “I’m just another cog in the wheel of this big machine of this company that I’m working for, and I’m not really changing the world or doing anything that’s all that inspiring.” 

He talks about his background. And before he got to this point in his life where he was doing quite well for himself, where he was this young boy, at age 13, I guess Bill Gates came to his hometown in Beijing, China. 

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