Choose Yourself Media founder James Altucher, an entrepreneur and author of several advice books, talks with Recode's Peter Kafka about the importance of learning from failure in life and business. Altucher twice went from being a multimillionaire to nearly broke, and currently does not own a home even though his company grossed $11 million last year. He says people should consider the alternatives to things like buying a house, going to college and reading the news, focusing instead on the things that will directly affect their lives.

Learn more about your ad choices. Visit podcastchoices.com/adchoices