Podcasts > The Tim Ferriss Show > #847: Steve Young, from Super Bowl MVP to Managing Billions – Hall of Fame 49ers Quarterback on High Performance, Reinvention, Faith, and How to Blend Dreams and Plans

#847: Steve Young, from Super Bowl MVP to Managing Billions – Hall of Fame 49ers Quarterback on High Performance, Reinvention, Faith, and How to Blend Dreams and Plans

By Tim Ferriss: Bestselling Author, Human Guinea Pig

In this episode of The Tim Ferriss Show, NFL Hall of Fame quarterback Steve Young shares his journey from professional football to private equity, where his firm now manages $9 billion in capital commitments. Young discusses how his parallel pursuit of a law degree during his NFL career and his father's practical advice helped him transition successfully into business after football.

The conversation explores how Young's mindset evolved throughout his career, particularly after an influential meeting with Stephen Covey that helped him overcome a victim mentality. Young also examines the role of his Mormon upbringing in shaping his worldview, describing his shift from rigid religious practices to a more personal understanding of faith and human connection. His insights touch on managing perfectionism, embracing vulnerability, and finding meaning through relationships.

#847: Steve Young, from Super Bowl MVP to Managing Billions – Hall of Fame 49ers Quarterback on High Performance, Reinvention, Faith, and How to Blend Dreams and Plans

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#847: Steve Young, from Super Bowl MVP to Managing Billions – Hall of Fame 49ers Quarterback on High Performance, Reinvention, Faith, and How to Blend Dreams and Plans

1-Page Summary

Steve Young discusses his remarkable transition from NFL quarterback to successful businessman. Initially pursuing law school during his football off-seasons, Young followed his father's advice to have a practical career plan alongside his athletic ambitions. After his NFL career, Young successfully ventured into private equity, co-founding HGGC which now manages approximately $9 billion in capital commitments. Young attributes this successful transition to the mental toughness developed in athletics and his law degree, which helped him "cut the line" in finance despite a late start.

The Role of Personal Philosophy, Mindset, and Self-Awareness

A transformative encounter with Stephen Covey marked a turning point in Young's career. During a difficult period with the 49ers, Covey challenged Young's victim mentality, helping him realize he needed to take ownership of his situation rather than blame others. This mindset shift led to Young's eventual NFL MVP success. Young also discusses how his perfectionism, rooted in childhood separation anxiety, led to self-criticism but ultimately served as a catalyst for personal growth. He emphasizes that embracing vulnerability, though initially uncomfortable, is crucial for development in any domain.

Spiritual and Religious Beliefs' Influence on Life

Young describes how his Mormon upbringing provides a foundation for understanding universal truths about humanity's divine nature. Rather than adhering to rigid religious practices, Young evolved from performative faith to a more personal and universal spirituality. He shares Bill Walsh's principle of losing self-interest to see the full measure of something, which aligns with Young's "law of love" - understanding the divine and eternal nature of human relationships. Young now views faith as a lens for understanding the human experience, emphasizing genuine connections with others over ritualistic religious practices.

1-Page Summary

Additional Materials

Actionables

  • You can diversify your skill set by enrolling in online courses during your leisure time, similar to how an athlete might pursue education in the off-season. For instance, if you're in a creative field, consider taking a course in business management or digital marketing to prepare for future career shifts.
  • Develop mental resilience by setting up a 'challenge routine' where you confront a small fear or discomfort daily. This could be as simple as initiating a conversation with a stranger or trying a new activity that pushes you out of your comfort zone, helping you build the toughness needed to tackle larger life challenges.
  • Reflect on your personal beliefs and values by journaling about experiences that have shaped your worldview. This practice can lead to a deeper understanding of your spirituality or philosophy, much like evolving from a structured faith to a more personal spirituality. Over time, this can enhance your connections with others by fostering empathy and genuine interactions.

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#847: Steve Young, from Super Bowl MVP to Managing Billions – Hall of Fame 49ers Quarterback on High Performance, Reinvention, Faith, and How to Blend Dreams and Plans

Navigating Phase Shifts and Transitions in Life

Steve Young sheds light on the often overlooked challenges athletes face when transitioning from sports to other careers.

Young Navigated Successful Transitions From Football to Business

Young Initially Aimed For a "Practical" Career Like Law, Not Football

Despite his eventual NFL success, Steve Young didn't initially aim for a career in football. His plan, encouraged by his father, was to pursue a more "practical" career. He attended law school at BYU during his off-seasons as a professional football player, expecting his football career to be short-lived. His father instilled in him the significance of having a dream supported by a realistic plan, and for Young, law was that high probability plan.

Despite NFL Success, Super Bowl MVP Young Desired New Domains Beyond Football

Young accomplished great heights in his athletic career, but he also recognized the need to plan for life beyond the gridiron, as players inevitably "age out." Post-retirement, he didn't rest on his laurels; instead, he set his sights on new ambitions. Young diversified his pursuits and became an ESPN analyst and ventured into private equity. He cofounded HGGC, which is tasked with managing about $9 billion in capital commitments, showcasing an impressive transition from the NFL to the business world.

Transitioned Into Business and Private Equity, Leveraging Mental Toughness and a High-Performance Mindset From Athletics

Referencing the guidance of Roger Staubach, Young talks about the necessity of "running" from football to effectively move on, highlighting the importance of a strong mindset for successful transitions. Young acknowledges that the transition process involves highs and lows, but attributes his success in new domains to mental toughness and a high-performance mindset developed during his time in athletics.

Young's law degree proved to be crucial as he entered the domain of finance. He discusses how his education allowed him to "cut the li ...

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Navigating Phase Shifts and Transitions in Life

Additional Materials

Actionables

  • You can diversify your skill set by enrolling in online courses that complement your current profession. For instance, if you're in marketing, consider learning about data analysis or graphic design through platforms like Coursera or Udemy. This approach mirrors the idea of preparing for a career transition by acquiring new, relevant skills that can open doors in different industries.
  • Develop a "Plan B" career path by researching and identifying roles that interest you outside of your current field. Start by listing your transferable skills and then match them to potential job descriptions found on LinkedIn or Indeed. This strategy is akin to having a realistic backup plan, much like preparing for a career beyond a primary passion or occupation.
  • Seek out a mentor in a field y ...

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#847: Steve Young, from Super Bowl MVP to Managing Billions – Hall of Fame 49ers Quarterback on High Performance, Reinvention, Faith, and How to Blend Dreams and Plans

The Role of Personal Philosophy, Mindset, and Self-Awareness

Steve Young delves into how his personal philosophy, mindset, and self-awareness have played an instrumental role in his life successes, including his NFL MVP triumph.

Young's Encounter With Stephen Covey Transformed His Life

Young encountered Stephen Covey when he was at a low point, considering himself a victim and avoiding accountability.

Young, At a Low Point, Met Covey On a Plane and Had a Vulnerable Conversation About Playing the "Victim" and Avoiding Accountability

While experiencing a tough time with the 49ers, feeling responsible for everything going wrong and falling into misery and depression, Young met Covey. During a plane ride, Covey challenged Young’s victim mentality, eventually helping him to understand that he was the author of his situation rather than others digging a hole for him. This conversation was pivotal for Young as he realized the importance of owning his mistakes and not mitigating them. He learned to acknowledge his errors directly, which helped improve his interactions and accountability.

Young's Philosophy: Embrace Experiences, Seek Self-Improvement, Pursue Excellence Without Fear

After the transformative encounter with Covey, Young returned to his NFL career energized and determined not to remain benched. Young's willingness to take on the challenge of finding out how good he could become, inspired by Covey's encouragement, led to a philosophy of embracing experiences and seeking excellence without fear.

Mindset Shift Leads Young To NFL MVP Success

Young’s engaging interaction with Covey induced a mindset shift, priming him for NFL MVP success. Retraining his brain to avoid mitigation and victimhood, he became focused on proactive thinking, which resulted in his elevated performance.

Young's Focus on Lifelong Learning and Growth

Young discusses how perfectionism led to self-criticism, anxiety, and his approach to learning.

Young's Perfectionism Led To Self-Criticism and Anxiety

From a fear-based approach rooted in his childhood, Young associated achievement with worry. His perfectionism led to self-criticism and feelings of anxiety, yet these experiences acted as stepping ...

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The Role of Personal Philosophy, Mindset, and Self-Awareness

Additional Materials

Actionables

  • You can start a "Mindset Shift Journal" to track your transition from a reactive to a proactive mindset. Begin by writing down situations where you feel like a victim and then reframe them by identifying actions you can take to change the outcome. For example, if you're upset about not getting a promotion, write down proactive steps you can take to improve your skills or communicate your value more effectively to your superiors.
  • Create a "Vulnerability Box" where you can deposit notes about your fears and anxieties. This physical act of acknowledging and accepting your vulnerabilities can be a powerful step towards personal growth. For instance, if you're anxious about public speaking, write it down and put it in the box. Over time, you can review these notes to see patterns and address them systematically.
  • Develop a "Perfectionism Progress Chart" to help you balance the drive for excellence with self-compassion. On a chart, ...

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#847: Steve Young, from Super Bowl MVP to Managing Billions – Hall of Fame 49ers Quarterback on High Performance, Reinvention, Faith, and How to Blend Dreams and Plans

Spiritual and Religious Beliefs' Influence on Life

In an in-depth exploration of how spirituality shapes our existence, Steve Young delves into the way his Mormon upbringing has guided his faith and worldview. He shares how his spiritual journey has evolved from performative to personal and universal, driving him towards empathy, curiosity, and holistic well-being.

Young's Mormon Upbringing Is Central to His Faith and Worldview

The centrality of Young's Mormon upbringing is palpable as he talks about his faith as a firm foundation for understanding universal truths about humanity's divine nature and life's purpose. He asserts how his spiritual beginnings foster personal growth and transcend rigid adherence to dogmatic practices.

Young Views His Faith As a Foundation of Universal Truths About Humanity's Divine Nature and Life's Purpose

As a child, Steve Young felt supported rather than feared a wrathful God. He discerns elements of faith that resonate with him while shedding those that don't. He speaks of the presence of durable divine spirits within humans that embark on earthly journeys to learn and grow.

Compatible Theology Embraces Growth, Rejects Rigid Faith

Young relays how his coach, Bill Walsh, introduced him to the principle of losing self-interest to see the full measure of something. This concept of personal improvement and embracing love in relationships resonates with him, reflecting a compatibility with a theology that encourages learning and growth rather than a rigid set of faith practices.

Young's "the Law of Love": Understanding the Divine and Eternal Nature of Human Relationships

Steve Young deeply believes in the power of love to transform relationships through its divine and eternal qualities. He describes the unconditional love from a parent to a child as an example of this universal truth – one that transcends his Mormon roots and applies to humanity at large.

Young's Evolving Religious Beliefs: From Performative To Personal and Universal

Young navigated through anxiety in his faith to find that it served as a means to comprehend the human experience. He now sees faith as rooted in a sincere connection with the Divine and emphasizes spirituality as a pathway to understanding and connecting with others.

Young Overcame Anxiety in Faith, Finding It a Lens to Understand the Human Experience

He articulates a shift from a performative religion to a personal and meaningful faith that deeply resonates with his beliefs. His transformation from anxiety to affirmation in faith guided him to v ...

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Spiritual and Religious Beliefs' Influence on Life

Additional Materials

Counterarguments

  • While Young's Mormon upbringing is central to his faith and worldview, others may find that their spiritual growth leads them away from their childhood religious teachings, suggesting that foundational beliefs can be both a starting point and a point of departure in one's spiritual journey.
  • The interpretation of faith revealing universal truths about humanity's divine nature and life's purpose may not resonate with everyone, as some individuals or belief systems may emphasize the absence of inherent divine nature or may be more agnostic about life's purpose.
  • The belief in durable divine spirits within humans is a metaphysical claim that not all religious or spiritual traditions accept; some may argue for a more materialistic or non-spiritual understanding of human existence.
  • Embracing personal growth and learning while rejecting rigid dogma is a perspective that might not align with more orthodox or conservative practitioners within any religion, who may see value in adherence to traditional practices and beliefs.
  • The principle of losing self-interest to understand and improve relationships might be critiqued by those who argue that self-interest can be a healthy and necessary aspect of personal development and survival.
  • The assertion that love has divine and eternal qualities could be challenged by perspectives that view love as a complex emotion or a social construct rather than a divine force.
  • The idea that unconditional parental love is universally divine might not account for the varied and sometimes difficult realities of family relationships across different cultures and individual experiences.
  • The evolution from performative, anxiety-driven faith to a personal and universal spirituality may not be a path that all individuals experience or value; some may find deep meaning and comfort in ritualistic or traditional religious practices.
  • The distinction between genuine faith and "boy scout theology" could be seen as an oversimplification, as some individuals may find genuine connection and spiritual growth within structured religious pra ...

Actionables

  • You can start a "divine nature" journal where each day you write down one way you saw the divine in yourself or others, reflecting on the idea that everyone has a divine spirit. This could be as simple as recognizing patience in a stressful situation or kindness when someone helps a stranger. The act of writing it down reinforces the belief in humanity's divine nature and encourages you to look for it actively.
  • Create a "relationship improvement plan" by identifying one relationship each month that you want to strengthen, focusing on losing self-interest to improve that connection. For example, if you choose a coworker, you might commit to learning about their interests or offering help without expecting anything in return. This practice embodies the principle of fostering non-transactional, love-based relationships.
  • Develop a "curiosity challenge ...

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