FOMO caused the price of Bitcoin to rise dramatically towards the end of 2017… Don’t assume they would continue to invest.
Sell at the peak. Wait for the FOMO/hype crowd to clear out. See where prices flatline. Read the news. Keep up with what is happening in the industry.
Possibly investing in ETH, XRP, LTC, XLM down the road but only after watching what happens in Feb-March.
Stop buying. If you didn’t sell before 2017 then consider selling now because prices will likely drop even more as prices have fallen to 9000 and more people will cash out.
Don’t be a sucker.
Namaste Technologies (N)
Aurora Cannabis Inc (ACB)
Canopy Growth (WEED)
LDS, MMJ, EAT, FFT, NU, MJ, GHG, TNY, DOJA, RLV QCC, CHV, SUN, ATT, TGIF,
Jan 2 2018 – Notable list 30% to 150% gains
BLGV, BUDZ, HEMP, RMHB, ATTBF, CANN, CNBX, XSUNX, THC, TBP
Cryptocurrencies + Cannabis Industry
Following legalization, prices of pot stocks is subject to risin prices… Good news for anyone holding.
BMO and TD are turning into the top choices for pot banks in Canada
FFT formerly AGSTF/AGS 0.5 to 1.10 2015-2017 as they invest in land and equipment while holding various patents.
While the US market is bigger, it is also riskier as the US Gov’t still outlaws the use and sale of cannabis products.
Investing in Canadian pot stocks already has potential and many Canadian companies are investing large sums of money on land and infrastructure (aphria, canopy growth, future farm technologies and more).
e.g. Future Farm Technologies
Some longer term holds that were widely talked about in 2016-2017. Aurora Cannabis (NASDAQOTH:ACBFF), Canopy Growth (NASDAQOTH:TWMJF), GW Pharmaceuticals (NASDAQ:GWPH), Insys Pharmaceuticals (NASDAQ:INSY), and MedReleaf (NASDAQOTH:MEDFF) are top cannabis stocks to consider holding for 2018.
When it comes to bitcoin and cyptocurrencies, do you really know what is going on behind the scenes?
Will people sell out and disappear? Who else is buying? The FOMO crowd? People that are looking to cash in? If someone is cashing in then it is at someone else’s expense.
The majority of people don’t know what they are doing and are still buying more. Personally I don’t daytrade things I don’t understand and prefer to get in years before everyone else does (2 years or more).
What will be a better investment in 2018? At the time of this post cryptocurrencies have made a lot of people lots of money very quickly. However, it is tough to know the future of cryptocurrencies.
Hold long, but how long?
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90% of the investment advice that you hear is garbage.
If you want to wait until you are 50 to become a millionaire then go ahead and listen to what most people have to say about it. (most non millionaires anyways).
If you want to play it safe, contract, and focus on saving then you will probably still be working a job well into your golden years.
Focus on making more money (not just saving what you have and using coupons).
Value your time at $500-$1000/hour assuming you’ll work 40–90 hours a week. You’ll become a millionaire much faster this way as opposed to valuing it at $30/hr and spending 80% of your day doing things that you could have paid someone else to do for that much.
Spend your time doing the things that pay the big bucks. If it means hiring/managing a team of workers and getting a kickback then that’s what you do.
It’s easier to become a millionaire by earning 1% on the effort of 1000 people than it is on 100% of your own effort. We all have 24 hour days. The difference between a self-made millionaire who makes 1m net each year vs someone who waited 50 years investing in 401ks and other crap is knowledge and how they value their time.
You can either choose to become a millionaire based on assets you own or YOU become a milionaire as the asset itself. Take everything away from someone like Elon Musk and he will find a way to create enough value in the marketplace to become a billionaire. Taking everything away from some schmuck who worked at a job he hates for 40 years and now has a million dollars in assets is not the same.
So focus on becoming a millionaire for what it will make of you to become one (as Jim Rohn used to teach).
So read books. There are no secrets. Just lots of bad advice.
Jim Rohn was and continues to be one of my favourite philospohers on life and business.
Hmm sorry to see the lack of realistic answers here…
Ecommerce is ok.. Amazon FBA is great but they blocked new sellers in Q4 (plus its not really a business you own). You should focus on building long-term assets.
If you are somewhat tech savvy, start by aligning yourself with a VA/outsourcing company. I prefer the Philippines for various reasons.
Build a list/team of qualified applicants on skype that you’ll be keeping in touch with.
I’ll give you one method that I find fairly simple to accomplish to meet your $96,000/year requirements. By the way, $100k is a really low figure these days especially if you are tech/online savvy and entrepreneurial (working on a business and not in it).
Go onand pay someone to scrape yellowpages/local directories for law firms (preferably in higher paying countries). If you want to go more advanced pay someone who uses builtwith to scrape together a list for you with certain filters (can get very specific).
Put together a website with content that explains benefits of various things (education) relating to a service you will be offering. Online Reputation Management is a decent service to offer law firms, surgeons, etc. You will be sending visitors to that website so they can get more info. The website ideally shows exactly what you will be doing. It is the virtual 24/7 version of you sitting 1–on-1 with a client. Videos, images, content will be plenty to prequalify those who eventually call to say they want to know how to proceed with your services.
Start out offering your services for free in exchange for reviews/referrals.
You pay your VA to email your list and lets say you are really bad and only 1 person replies for every 100 emails sent. PS: Keep in mind that you should be can-spam compliant when doing this. Learn the rules and cold-emailing will be your cheapest way to get new leads. Anyways, say your VA sends 1000 emails and 10 people reply. Of those 10 that reply, you get your VA to phone them, prequalify them, and send them to the website that does a lot of explaining for you. If you want to hop onto a call with the clients to learn about their business and what they’ve tried in the past you can do that.
Going back to “offering free services…” If you are new in business, can’t ethically sell because you aren’t very qualified/experienced, or want to increase future conversion rates with social proof then you offer your services for free in exchange for referrals & a testimonial. To do this, start off contacting only top companies/influencers that you look up to and offer to help them out FREE. This sounds crazy but it works.
So for your first round you send out 1000 emails and 200 people agree to the free offer. You pick the top 10 and offer your services. When done, their review goes onto your website which shows some credibility – especially if your future prospects know those people.
PS: don’t offer free services if you are totally inexperienced with tech and what you are offering. You could easily damage a business’s reputation and revenue which can cost thousands/millions of dollars in lost business. I can’t stress this enough…
So once you do this, in your future emails you can mention that you’ve worked with top companies/influencers and their testimonials on your website would show that. This increases conversion rates and builds some trust in the cold-email process.
Say you are cleaning up negative review sites or building new sites/properties that will push down the negative ones. You can offer your service for a set fee 1-time or per month (there are more ways but this is just in a general sense). You should have your VA team on a system to get those things done so you can rinse and repeat.
How do you sell customers? Well it is easy. You can use Adwords KW planner to show the volume of searches a month that your clients may be missing out on due to having negative reviews or no reviews. It’s pretty simple to show how much business a company is missing out on or that their competitors are getting if you understand basic numbers. This makes it a no-brainer so you don’t need to pressure anyone and can just work with the willing.
If your VA team sends 1000 emails a week and you are getting 100+ customers a month on a $200 plan then that is $20,000/month. You can automate a lot of these things so that customers just have to buy the service as they would a pen off Amazon all from your website. You can scale down to 5–10 clients a month down the road that pay $10k/mo each (provided you provide more than that in value/profit in the long term). You’ll suddenly be at $100k/mo. Rinse and repeat.
If you want to become a millionaire in terms of net worth then the answer is no.
However, if you want to become a millionaire in terms of annual income then
I’ll go ahead and say YES, you do need to have a ‘life shock’ as you put it. In fact, I think it helps to have a lot of ‘aha’ or ‘oh sh1t’ moments quite frequently because those things should help to drive you forward.
Seeing how bad things will be for people who don’t have a plan.
Knowing that while things may be good now, they won’t always be good.
Imagine how your life will be if you work at a job for 40 hours a week for 40 years and then retire on 40% of what you could barely get by on before. If a person is comfortable making just enough to make ends meet then they probably won’t be motivated to make a change. If on the other hand someone is sick and tired of not being able to provide for their family the way they want to then they will probably start making some drastic changes. Those are turning points that can change a persons life. Something happens on the inside (not from the outside) that compells a person to start doing things differently and seeking answers.
Life shocks can be something as simple as seeing a friend get laid off from a job or being told that you can’t do something at work and making a promise to yourself that you will do things differently.
For someone to go from rags to riches without ‘life shock’ events seems pretty unrealistic. An entrepreneurs journey to becoming a millionaire is NEVER easy even if it may look that way. Sometimes people get lucky but there are also some that appear to be lucky but you don’t see all the hard work they put in before to be in a position to be ‘lucky’ in the first place.
If you give someone with a ‘poor persons’ mentality 1 million dollars they will likely lose it all in a short span of time or at least not grow it. On a smaller scale you can hand someone $10 and tell them if they can double it they can keep it but if they don’t double it they have to give it back. Most people won’t even know how to double it let alone do what is required to double it. Moreover, most people are taught from a young age by society that rich people became rich by ripping other people off.
A lot of millionaires have a different mindset and think differently than most people. Either they taught themselves or were mentored. Without having something happen in their life it is not likely they would have the burning desire to want to improve their knowledge to better their circumstances.
There are people who become millionaires working at a job and reinvesting their money for many years (compound interest) and becoming millionaires in terms of net worth. Do you want to be a millionaire sooner or later? You don’t need to put it off. Start the process of self-education earlier on. You cannot condense a lot of knowledge and experience into too short of a time. People don’t learn through reverse osmosis.
You will lose money and make mistakes on the path to becoming a millionaire and learn from those mistakes (life shocks). Failure is just an opportunity to learn. People who are not afraid to fail and just ‘do’ often become more successful than those who have to make sure all conditions are perfect before jumping in. See the gap in the market, go all in. When you are early, you don’t have to deal with the competition as much as those who get in later – but don’t take this to mean you shouldn’t go in if you are later either.
Anything that doesn’t look like a straight line is the universe testing you to see if you have what it takes to be a millionaire. Success is often advertised as the first when it is more like the latter. Most people would not go for it or would quit very early but ‘millionaires’ will continue to make more because what got them to 1 million is going to get them to 1 billion if they don’t get complacent.
Don’t wait for the outcome to enjoy life. Enjoy the journey.
Earl Shoaff advised one of my favorite philosophers Jim Rohn, to: “set a goal to become a millionaire for what it makes of you to achieve it. Do it for the skills you have to learn and the person you have to become.
Two recommended books.
That is a great goal to aspire for. Many people will say that you need to do this and that but I personally believe it starts with training your mind. There are people who win the lottery and lose all the money (go into bankruptcy) not long after because they did not have the right mindset to begin with.
Some advice based on my own personal findings from studying self-made billionaires.
1. Have a good reason for wanting to become a billionaire. Figure out a way to add value that is worth billions of dollars. This requires you to become more and know more. You need to think very big and be able to take big calculated risks.
2. Most billionaires read a lot of books. Not just any book though as junky books will just junk your mind. There are books that can teach you anything you can think of. Books on sales, biographies, entrepreneurship, leadership, time management, marketing, so on so forth. Think And Grow Rich by Napoleon Hill is definitely a good one to read.
3. Study billionaires – kind of obvious. Read their biographies. Learn more about them. You will start to see patterns. You will find that most billionaires are just ordinary people who took massive action. You will start to see the hard work they put into things that others don’t see.
4. Find some self-made millionaires and you will learn a thing or two. But if you ever get the chance to meet a billionaire be sure to listen to what they have to say. Listen twice as much as you speak (2 ears and 1 mouth). You can watch interviews of billionaires on youtube (valuable information for free).
5. You will meet a lot of fake people along the way and more people who try to redirect you away from your goals. Just remember that you can learn from bad advice as well. Hopefully you can discern what is good advice and what is bad advice. You will be tested by people who don’t believe you can do it. Be ok with it. Don’t burn bridges. Be gracious and humble about it.
6. Practice delayed gratification. This means living modestly even when you are just a millionaire. Invest in assets and things that will help you become a billionaire (you can just ask yourself this question).
7. Focus on the positive as much as possible. Successful people rarely blame others and take personal responsibility as much as possible. They do this because they don’t want to become victims to their circumstances. It’s not about what happens that matters but how you react that matters.
8. Whatever you do, do the best work possible even when you know nobody else is looking – because you know.
9. Be a person of integrity. Mean what you say and do what you say you will do. People won’t have to second guess your motives or trustworthiness. Be punctual and don’t break promises.
11. Nobody is perfect. We all come from different places. Keep in mind that it isn’t about where you are now but where you are going. Just because a billionaire has a bad habit doesn’t mean you should copy it. Don’t let their billions stop you from being more successful than they are. You have more resources to go beyond.
11. Most people slow down when they reach their comfort zone. Don’t get stuck in the comfort zone. Find ways to get uncomfortable and continually grow. Ask yourself if the billionaire version of you would be more productive or doing something else. This might seem tough but that is why there aren’t many billionaires.
12. Learn to set goals. The simple action of writing down your goals on paper (by hand) increases your chances of achieving them by astronomical numbers. There is a right and wrong way to go about doing this so I suggest researching on Google how to do this.
13. Don’t look at what something will cost you but what it will make you. Look at the cost of not doing something as opposed to doing something. Invest in your knowledge because it will pay back in leaps and bounds down the road. Overtime you read a book, be sure to take away even 1 golden nugget of information. These valuable bits and pieces of information added up over time will be worth billions later on. The more you practice this the more valuable information you can get from reading a book as opposed to the ‘next person.’ Remember, two people can look at a situation and have completely different outlooks.
14. Turn what others use as excuses for why you MUST do something as opposed to why you CANNOT.
15. Practice time management. Delegate unimportant or (not as important) tasks to others and focus most of your time on the important things. 80/20 Rule or Pareto Principle.
16. Believe you can do it. The late Napoleon Hill said: “Whatever your mind can conceive and believe the mind can achieve regardless of how many times you may have failed in the past.”
17. Seek mentors and coaches as they are the key to getting to the next level. (Books, audios, tapes can be coaches too!) You cannot do it on your own. Always seek help and more knowledge. Even the best athletes for example have coaches. Never underestimate the value of coaching!
18. Recognize that sometimes bad events can eventually be the best thing to happen to you (or a turning point). This goes back to being positive.
It is 3am here so I should really go to sleep 🙂
Hopefully these tips help you to make your first 6-figures by developing a 6-figure mindset. Always seek to program your mind to make 7-8-9-10 figures and beyond and you will get there (inevitably). I think it’s better to be delusional and a bit crazy going for big aspirations than not try at all and just go through life reacting to things.
Some people have it in them, some don’t. Surround yourself with people who are like you and block out negativity coming from people who are just content with safety and security.
Finally – you’ve got to take action. Write your goals down with pen and paper and read it everyday. If what you are doing right now isn’t moving you closer towards the things make adjustments until you are always doing something everyday to move closer to your goals.
Time and time again you will hear this phrase: ‘the money is in the list’. Well true and not true. You need to be know what to do with a list once you have one. An email list in the hands of a skilled online marketer who has proven their strategies is a very powerful and scalable vehicle. You can even leverage your existing email list through JV swaps to grow it even further. While I wouldn’t advise doing that with a list that you are buidling a relationship with, it certainly works for churn and burn affiliate marketing lists. The long-term value however is in the communities you can build around your lists.
I’ve asked and heard from many of the most successful online marketers out there and many will tell you that if they had to start all over, they would start by building an email list.
If you were to lose your website that once had 1000s of pages worth of content, you can still create a new website and email your list letting them know where you are and start from there. So an email list really is a great asset to have. It is far more powerful to have an email list than it is to have a client base (local clients) because you can reach more people at once.
Building an email list is very simple and only requires a few steps. So simple in fact that I can teach the strategy to someone who has zero technical/coding experience. There are even 79 year olds that know how to build email lists. Once you have your landing page (use leadpages), autoresponder (getresponse/aweber), a low cost or free offer with higher perceived value offering a solution to the persons needs, you just need to drive traffic to it.
There is a lot of traffic available out there. You just need to learn a few methods for generating traffic. There are free traffic sources (youtube, social media, SEO [$100 wordpress website]) but I prefer using paid traffic methods (PPC, CPV, CPM/Banner ads, email swaps, affiliate networks, and so forth).
You don’t need to know how to do everything but you do need to take the first step and do things one step at a time. Once you’ve done it once, the second time is easy.
‘You don’t have to be great to start, but you do have to start to be great’ – Zig Ziglar
The Vast Majority Of People Don’t Want To Be Rich – Just Comfortable. This is fact.
Comfort is overrated. 6-figures isn’t a lot of money these days – at least not enough to be truly free. However, it is just what a lot of people set as the typical benchmark. Most jobs only pay just enough to keep an employee from quitting. Job security is a big myth. Want to make 7-8 figures? Don’t be slimy. Period. Slimy people may get make some wealth at the 5-figure a month mark but won’t go beyond that. The vast majority of people will not consciously choose to follow a slimy person with the hopes of becoming like them. Whatever you do, choose to be a person with complete integrity, be fully invested in what you do, and you will go beyond 7-8 figures.
You can read a lot about ‘law of attraction’ and it is not something made up. It is as real as a persons level of confidence or feelings of self-worth. Thoughts do become things and whatever you focus on, will manifest itself in your reality. If you keep saying to yourself “I don’t want to get fat.” Chances are you will get fat because you are focusing on an image of being fat all of the time. This is all very superficial advice on the subject of the ‘law of attraction’ but hopefully an introduction to why you are where you are in your life. Hint: your circumstances can change the minute you change the way you look at them. It won’t happen without coming across good ideas.
The top 1% of individuals in wealthy countries on average will read 60 books per year compared to everyone else that will not even read 1 book every few years. Ok, maybe the stats aren’t exact but I can verify that this is the case. It’s also not about reading any book that will just junk your mind. Carefully selected readings can enhance your life. If your goal is to work for someone else, there is less incentive to develop yourself to the fullest extent which is a real pity. It is wasted potential.
“Rich Dad Poor Dad” – by Robert Kiyosaki and “As A Man Thinketh” – by James Allen, were two of the first books significant personal growth books that I read and recommend both. There are an infinite number of great books that can be purchased for as little as $1 online or from a used book store. Look at all of the people who say they want to be wealthy and ask yourself if their actions reflect what they said. Talk IS cheap. Everything becomes easy or at least easier once you develop the right mindset and things will start to change for you but only after you’ve changed yourself.
“But rich people just got lucky or cheated their way to success”
Not all people who are successful come from wealthy families. In fact, most self-made billionaires come from poverty or average income homes. They developed a mixture of desparation, hunger, and determination that people content with their lives fail to understand. If they did get lucky, it was having the opportunity to experience extreme poverty and a desire to do whatever it takes to turn things around. If you believe rich people scammed their way to success, that limiting belief will keep you where you are at. It is one of the the biggest misconceptions regarding true wealth.
If you really make 7-8 figures you need to start hanging around people making 7-8 figures.
Some recommended books
“Think and Grow Rich“
– Napoleon Hill
“Three Feet from Gold” – Considered to be the Modern Version of “Think and Grow Rich”
– Sharon L. Lechter & Greg S. Reid
“Outwitting the Devil“
– Napoleon Hill
“The Compound Effect“
– Darren Hardy
“The Four Year Career“
– Richard B. Brooke
“Go Pro – 7 Steps to Becoming a Network Marketing Professional“
– Eric Worre
“Change Your Life in 7 Days“
– Paul McKenna
“5 Levels of Leadership“
– John C. Maxwell
“The Power of Now“
– Eckhart Tolle
“A New Earth“
– Eckhart Tolle
“How To Win Friends and Influence People”
“Living Your Best Year Ever” – Goal Setting
– Darren Hardy
“Lessons of a Lifetime” – HIGHLY RECOMMENDED
– Darren Hardy & Jim Rohn
“Napoleon Hill – The Road to Riches“
– Napoleon Hill
I’d like to address the number one question I get when meeting with the majority of small business owners and startups. That question is “how the heck do I get more customers?” Believe it or not, your customers are your best source of advertising (word of mouth referrals).
Here are some of the issues facing most small businesses.
Not enough cashflow to spend on advertising.
“A man who stops advertising to save money is like a man who stops a clock to save time.” – Henry Ford
Need I say more? If you aren’t getting a result it isn’t because you are advertising but because your advertising sucks. Sorry to be blunt but it’s true. How do you solve this? Hire someone to do your marketing. This frees you up to do what you do best.
Forget the saying “work on your weaknesses and become well rounded.” Too many people spread themselves too thin and wear too many hats. Focus on what you do best, delegate the rest.
Spending time on unproductive activities
People say they don’t have time to make a post. Perhaps that is true. I personally spend no more than 20 minutes per 1000-2000 word post.
As a business owner you will benefit most by spending the majority of your time on income producing activities. Simply understand the difference between A and B activities. Briefly, A activities are those that produce income whereas B activities are the small things. Some A activities don’t show any ROI until months later. One key to success in business is having a strong belief that what you are doing will eventually work. It can also be the downfall…
B activities are necessary but not what you as the business owner should spend the majority of your time on. Successful business owners find ways to delegate the tasks that can be done by someone else to focus on the $500/hr activities where the real money is. Your success is crucial not only for your own sanity but also for the sake of the people who count on you for their income and customers that want your product or service.
SEO is getting more difficult for small businesses
SEO is more than inputting keywords. SEO experts must be dedicated wholly to keeping up to date on the latest information and constantly learning what works and what doesn’t. Dedication, commitment, and discipline are key qualities of the successful online marketer.
How does this relate to small business ownership? Most business owners simply don’t have the luxury to divide their time between learning SEO and running their business. The shocking truth is that most entrepreneurs are slaves to their business, making less than they would as an employee, and only a few weeks away from financial disaster. It is no wonder that it is a road less travelled.
The catch-22 is when business owners must decide whether they will sacrifice short term financial pain for long-term gain. It is no secret that large companies spend $10,000 per month or more on SEO marketing. They also have a greater ability to take advantage of the increased customer demand than a small business.
So should a small business scrap SEO and online marketing altogether? No. No. No. But it is highly advisable to learn the basics or find someone willing to do it in exchange for your services. Just be careful of someone that doesn’t know what they are doing because it can permanently damage your online presence.
It’s true that there are no shortcuts to success and anything worth doing is worth doing well. One of the best pieces of advice that I ever received was that “you don’t know what you don’t know.” The more I learn the more I realize how little I know.
Don’t pay for cheap SEO because it doesn’t work. Think of Google as one giant popularity contest. The majority of online searchers only click on the first 1-3 links of a search. Less than 80% of people ever go past the second or third page of Google. So cheap SEO will NOT get you on the first page of Google and Google has been cracking down on people trying to ‘game’ the system by blacklisting websites altogether. It is possible but difficult to remove a penalty from Google. The last thing you as a business owner wants to do is go out of business because you lost your website.
Tired of hiring unqualified people that leave a bad taste in your mouth? Let’s be honest. If you don’t understand SEO it is very easy to hire the wrong people. Talk is easy and anyone can blurt out “I will do this and that.”
The best way to deal with this issue is to learn how to do it on your own. Google and Youtube have all the information that you will ever need. Network with people who are experienced in these areas and glean what information you can. Or, get in touch with me if you want to know how I got started.
The bottom line to all of this is. Business becomes easy once you learn to think like a successful business owner does. Business rise and fall with leadership. Apple without Steve Jobs as one example – a haunted empire. One of the most difficult but necessary elements to getting to the next level is getting rid of ones ego, admitting that they need help, and listening to the ‘right’ people that have had massive success. Listen to those that are the best in their field.
Personal development coaching is a lucrative business for a reason. People will pay a huge sum of money to learn what they need to change in order to profit.
Hitting a pipe with a hammer (one time): $0.25
Knowing which pipe to hit: $99.75
If you can master only two thins for fast results it should be Pay Per Click/ Adwords and optimizing your website for conversions.
Big brand discount PPC makes it difficult for small businesses to compete. Bing offers the most cost effective PPC advertising platform (less saturated than Google).
This is a great read. http://business.financialpost.com/2013/06/10/best-business-advice-from-w-brett-wilson/
I also believe any entrepreneur that has learned sales & marketing skills from those that have had massive success before them and also have integrity, trustworthiness, and a genuine desire to help others, will undoubtedly succeed. It’s inevitable. Your passion should fuel your desire to learn.
The money first attitude comes from a place of weakness. Businesses should focus on solving a problem and delivering solutions to that problem in the best way possible.
Think of how many problems there are in the world. Next time you say to yourself “I wish there was a …” write it down because there might not be anyone else with that solution. Voila, an opportunity.
Businesses that stop growing are only hurting consumers who may need but don’t know about the company. Never stop growing and never stop failing.
Believe in what you do, and most importantly, believe in yourself.
Something that a lot of people don’t understand is how to define what success is or is not. I don’t believe is there is any 1 correct answer. Ask an audience of 100 people and you can end up with 1,000 different variations. You don’t have to agree with these points. I might not even agree with them a year from now.
Here are some common blurbs:
- Financial independence/freedom
- Happiness as broadly defined
- Getting what you want and wanting what you get (or something like that…)
- Having lots of friends that look up to you
- Being fulfilled emotionally and physically
- Owning a home, car, and having a steady job
- Being a well known public figure and ‘successful’ busines owner
- Being able to donate a lot of money to charity
- Serving a worthy cause
- Having all of your needs met…
These are all valid points to those that make them… If, they serve the persons true motivation or ‘why’.
It is a bit cliche but true that people naturally seek pleasure and avoid pain. Hopefully no sadists are reading this. Simply put this means that people are by nature going to seek out what makes them feel good, or happy. You could argue that those who listen to sad music do so because that is what makes them happy. A bit strange but nobody is perfect.
What Is Success?
I challenge you to figure that out for yourself. Create your own definition of success. That definition will gradually change over time. You will at one point be convinced that you’ve arrived at the right conclusion only to find with a new idea that it is something more. Keep digging.
I’ve gleaned what I could from biographies of famous people on their keys to success and many of the same points continually popped up. Learning these philosophies will shorten the learning process.
Some problems with financial motivations
Pursuing ones passion in life should not be primarily linked to some financial motive. Yes, having wealth can be important. Most fights between spouses and couples are financially related. Sometimes you just need enough money to take care of yourself in order to take care of others around you.
Money is just a means to an end – either good or bad
Money was never the root of all evil. Bad people will always do bad things and good people with more money will be able to do more good things.
Financial abundance and the law of attraction
When it comes to unleashing financial abundance it really comes down to choosing one extreme over the other. One cannot say that they only want some money and not too much. It has never worked out that way at least not on a subconscious level which is by the way infinitely more powerful than the conscious level – and less understood. Napoleon Hill said it best when he wrote, “Whatever the mind can sincerely conceive and believe, it can achieve.”
Don’t suppress self-doubt. Rather, address it for what what it really is – a culmination of clever lies.
Don’t let any negatives play in your mind. Let even the smallest amount of doubt creep in and it will soon begin to spread. What’s that midlife crisis? Perhaps it is self-doubt telling you that you are ‘too old’, that your idea sucks, that you aren’t an entrepreneur because nobody else in your family was…. All these make-believe excuses fed to you by society. It’s just doubt that leads to depression. This is why it is important to surround yourself with people who see greatness within you, that believe in you, support you, and are in a better place than you (so that you slowly come up to their level) – See the law of association.
Address all of your limiting beliefs
Surrounding yourself with like-minded people is important because you are most likely the sum average of the 5 closest people you associate with. Most of the time you won’t even know what you don’t know. Just a year ago from today I used to believe that where I was in my life was the result of my upbringing, my parents, my genetics, and environment. Little did I know that it wasn’t those things but my attitude towards those things. My philosophies towards life were guiding my thoughts which in turn were guiding my actions which in turn were producing those results. When I stopped creating excuses and arguing for my problems I released myself from them. I gave myself back control over my own life.
Thoughts become things – a profound idea that I came across in James Allen’s book “As A Man Thinketh.”
Think about it… Why is it that people from the same environment (tend) to have the same results? It is because they develop similar philosophies…. I don’t say that to falsify what was said about owning your own destiny but to point out that something as simple as coming across a few profound ideas and reading a few good books can start the path towards a better future.
A cigarette a day won’t kill you but the compounded effect of thousands of cigarettes will. Also, one cannot eat 30 apples in one day hoping to get their months worth of fruits…. Anything worth doing is worth being consistent in and it takes no more than 21 days to form a new habit.
The old question of finding your “why”
Finding your why is simply finding what drives you. What are you willing to fight for or even die for? It isn’t ‘money’ but the things that you want to do with the money. What motivates, gets you excited and out of bed early each morning? Mondays don’t suck it’s just your job? Most employees are unhappy in life and they don’t even know how to overcome their state of affairs. To be fair, most entrepreneurs are also unhappy (initially) because they need to overcome buttloads of rejection while developing a thick skin – if they ever reach that point.
This “why” talk has been beaten to death over the past few years… But just in case you need to hear it again.
There will be haters
This is why the journey to the top can be lonely. It is a road less travelled. Most people would rather take the easy way out and buy into their excuses. But if you argue for your problems you get to keep them.
I think haters are just people that gave up on pursuing their own dreams and now spend their time stopping others from achieving theirs. Sometimes.. Actually often, they are the ones closest to you. They can’t see it – you being ‘a success’. Do they do it to hurt you? Not necessarily. It is merely a reflection of where they are at in their own life. They could just be doing it because they don’t want you to go through the ‘pain’ of rejection and failure.
Don’t burn your bridges
Walking away from the wrong crowd doesn’t mean voicing your opinion and making yourself appear better than they are. Everybody goes through different stages. Some people won’t be open to making a change. You can’t change someones mind but you can help them make their own decisions. Let people find their own way. If however your friends turn out to be ‘acquaintances’ who were never really your friends then nothing is lost.
Your level of success is correlated with your failure rate
I wouldn’t bet any money on there being scientific data on this but I’m convinced that the more you fail, the more you can overcome. Those who can handle almost any level of rejection (which starts with the right philosophies – seeing things for what they really are), can overcome almost anything. These are the people that achieve massive success. It is simply impossible to stop a man or a woman that won’t quit.
Spend more time improving your strengths, not your weaknesses
One of the many issues faced by entrepreneurs is the desire to be good at everything and wear many hats. But sometimes we need to take a step back and evaluate our bank statements. Is it working? If not, perhaps it is time to delegate what we aren’t good at and focus only on what we are good at. What made Napoleon Bonaparte a great leader was his ability to delegate and invest authority/trust in other leaders below him.
Just think American Idol… Sure you can accomplish amazing things but you need to fully believe in it. We are all guilty of judging people by their appearances. And I’m sure we’ve also experienced that ‘wtf’ moment where that person blew you away with something you weren’t expecting.
Want to know the secret to making $500 an hour? Simply do the tasks that make you $500 an hour and delegate the $10 an hour tasks to someone else. Too many business owners spread themselves thinly trying to do the $10 an hour, $12 an hour, and $15 an hour tasks mixed in with the real money makers.
Apply the Pareto Principle to your life
“The Pareto principle (also known as the 80–20 rule, the law of the vital few, and the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes.”
Do at any point in time that which is the most efficient use of your time. Sure it is hard, but only for 21 days. After that it becomes natural. Learning a new sport may developing a new set of motor skills. Over time however the golf swing, backstroke, or jumpshot will begin to feel natural with repetition. Practice doesn’t make perfect. Perfect practice makes perfect. But there is no such thing as perfect so forget about it.
Hone commitment & time management skills. Want to live longer? Simply practice time management. You will get more done in less time. Successful people are usually productive people who know that one thing money can’t buy is more time.
3 of the best?
These were mentioned but if you were looking for the 3 most important elements (from what has worked for me) here they are below… At some point in time you need to take action and apply what you learn. Recommended book list.
1– One of the keys to unleashing your true potential and becoming an “unstoppable entrepreneur” (if that is what you desire to become) is to reprogram your mind. Take everything you’ve ever learned about success from unsuccessful people and throw it out the window. Why? Because if you buy the opinions of unsuccessful people you begin to think like them and will start getting the same results as them.
Successful people simply think differently than the masses. Two people can look at the exact same situation and have a completely different view of it.
The unsuccessful person (who is filled with limiting beliefs) will say well, I don’t know anyone so I won’t be able to do it. They stop themselves right there without even giving themselves a chance. Did you know that the biggest bully is your own mind? Your own mind can and will trick you if you let it. Like a garden, the longer you let it grow wild the more difficult it becomes to clean up. The longer you let the mind go unchecked the longer it will take to reprogram.
The successful person (or the person on a path towards success – practicing the habits of successful people) will say I don’t know anyone that’s why I HAVE to meet people. They make the excuses of unsuccessful people the reasons why they need to succeed. They take calculated risks, overcome obstacles, earn the best form of knowledge (through experience) and put themselves in a better position to achieve great things. Increasing the odds of success (whatever your definition of success may be) increases each time you go out and meet people, learn to think in a better way, learn a new skill and so forth.
2– A second key element is to get around successful people (people that you would like to aspire to become greater than). If you can find someone great and see what they do you will know exactly what it takes to do 10% more than what they do. This 10% extra needs to follow the Pareto Principle as well. Not a single person on this earth has come anywhere near their full potential. If you can’t find someone to mentor you know that you can be mentored by books and audios. Don’t worry about spending less time with your current friends if they aren’t on the same page as you. If they were ever your friends to begin with they will still be around. By then they might even be open to undergoing the same transformation that you underwent. Just remember that you can’t change people. You can however help them make a decision to change themselves. Helping a caterpillar out of its cocoon will actuall kill it. Pain is necessary.
3– Third? The secret to success is that there is no secret. The definition of secret is “not known or seen or not meant to be seen by others.”
Histories most successful people spent most of their lives sharing all of this information. There will always be a group of people (cough.. the government) that doesn’t want this information getting out to the masses but regardless this information is all readily available – always has been. It just takes gradual shifts in thinking to begin to see the many opportunities around us all day. Think coctail phenomenon.
My secret to success for anyone reading this is Google, YouTube, a burning desire to be extremely wealthy – fueled by my passion for helping others that are in a bad situation yet don’t make excuses, reading the right books, and meeting the right people.
The more people you meet the greater your chances of success. This is why it is often said that your network is your net ‘worth’.
This isn’t an exhaustive list but you also shouldn’t try to tackle all of these things at once. A person can completely change and it only takes a 12 month period to do so. I’ve gone through military basic training and have seen the army turn even the most out of shape potato spuds into a force to be reckoned with in less than 3 months.
Anyone can do it. Sometimes certain people that you meet will develop a certain limiting philosophy or attitude that reduces their chances of for example, giving up the habit of making excuses for everything wrong, which makes any form of change very difficult. I wouldn’t worry about it. Just move on.
Ben Franklin used to say “a person convinced against their will is of the same opinion still.”
One of the most profound moments in my life when tackling this question was when I came across someone who had worked at the same job for over 30 years. I asked him how he could be so happy working for minimum wage.
He said he had a wife and two children that adore him. He takes them out on the weekends and they get to spend a lot of quality time together. He was also going to be retiring soon with his pension. He even mentioned that his job wasn’t all that bad. Just sit around most of the time.
Now most people wouldn’t want his income. Minimum wage is nowhere anywhere near average. If anything it was well below the national average. However, he was happy – he had it made.
He was a success. Never bash on people who have it made. There are even ‘successful’ entrepreneurs who are depressed and suicidal who hate on those that might appear to have settled for less but are at least happy. Don’t become that person. Everyone has their own definition of what real success is. To me, financial success is just a facade. If the things that you get to do with having more money, or, ‘financial success’ doesn’t or won’t make you more happy, then maybe (just maybe) it isn’t worth pursuing.
Set goals. Clearly defined goals that are also achievable… Brian Tracy is one of the many coaches in this area. Find a mentor be it a book, audio, someone local, (recommend a combination of all). Invest in yourself. Buy into yourself. Don’t sell yourself short. The first person we must lead by example and also sell to is ourselves.
The law of attraction is real.
You attract or become what you think about most of the time. The law of attraction doesn’t work when thinking in negative terms. For example, if you have a goal to get into shape, don’t tell yourself I don’t want to carry extra fat. Instead, visualize how you want to be, healthier, etc. The problem with thinking in negative terms is even though you are focusing on not wanting to have extra fat, you are still visualizing an image of yourself with extra fat. The mind doesn’t know the difference.
This could be why people who say they don’t want to date assholes usually end up attracting assholes into their lives. Always take a closer look at the way you think about things as it can show you glimpses into your future.
Thoughts become things.