“Each day, if you do not make the decision to win, you have automatically made the decision to lose.”
Welcome to Win the Day and today is a special one – this is Episode 50!
Before we dive into all the good stuff for today, I just want to say an enormous THANK YOU for listening to this podcast, watching it on YouTube, and sharing it with friends. Your support means the world to me, and we’ve got some seriously kickass episodes coming up! So if you haven’t already, hit subscribe on YouTube or follow on Spotify. Together, let’s bring more and more positive energy into the world.
Because this show is about growth. It’s about recognizing that, while we might’ve faced adversity, challenges – even serious trauma – in our past, all that matters is what we decide to do from here. That’s why to truly win the day, we must begin every morning with an acknowledgement that the day – THIS day – is there to be won.
When I’m bringing these guests on the show – who are some of the most accomplished individuals on the planet – I’m trying to hone in on what they’ve done different:
With that information, I can learn, you can learn, and together we can inspire others through our example. That’s growth. Every day, we get better and better, so we can make the world – and everyone in it – a better place.
But this show is nothing without ACTION, so make sure with every episode you think about what 2-3 things you’re going to do as a result of what you’ve learned. As Napoleon Hill said, “Action is the real measure of intelligence.”
Today, in honor of our 50th episode, I’m going to share with you my 12 most memorable takeaways from the guests’ we’ve had on the show. These are the value bombs that have stood out to me the most, and I know will be enormously impactful for you too.
The quote for this episode is one I put up at every speech:
“Each day, if you do not make the decision to win, you have automatically made the decision to lose.”
If you can figure that quote out, and turn that into a habit, the rest is easy.
In fact, I started saying “Win the day” because I wanted something more succinct from that sentence that I could use for my podcast. And the rest is history! Here we are, 50 episodes in, and you and I are still making the decision to win because the alternative, which is slowly losing every day, eroding our progress, and sabotaging our dreams, is not something we can tolerate. We’ve got ONE life to live and we’re going to unlock every little particle of potential inside us so our time on the earth is well spent.
So are you ready to win? I hope so! And if there’s a friend or loved one who wants to join us, share this episode with them right now.
In honor of our 50th episode, here are the 12 best tips to win the day, every day. Welcome to the Win the Day All-Star Edition.
I’ve noticed that the word “gratitude” has become hijacked lately, a little bit like the “self-love” movement. People talk a big gratitude game and post their fancy snaps on Instagram, but what Gabby Reece shared during Episode 43 of the show is that the best way to show you’re grateful for something is to actually take care of it.
That means, behind closed doors, when the phone’s away, you’re looking after the things you’re grateful for – whether that’s your physical health, your mental health, or the most important people in your life.
Here’s what Gabby shared:
“I don't need to lose my health to covet it.
The other thing I'm doing is I'm practicing. When people talk about gratitude, the best way I can show that, "Hey, I'm really grateful for my health," is to take care of it. That's ultimately what I'm doing.
The other side of that is it's a level of sanity. I am a better functioning organism if I can also take care of the physical avatar to the best of my ability. It's a law of the universe. It's the truth, and so I don't need to keep relearning that lesson. I know what the lesson is, and I'm just ahead with it.”
So if, like me, you’ve been bitten by the gratitude bug, that’s awesome! Just make sure you’re doing the reps behind the scenes. Those daily reps add up to massive results over time.
If there’s one thing the covid pandemic has emphasized in bold, italic, and underline, it’s that the world is shifting faster than ever before – but, most importantly, it’s going to keep getting faster and faster, as George Chanos reminded us in Episode 27.
When the covid pandemic started, there was an entrepreneur in Australia who saw it coming months ahead of time, and that was Kerwin Rae.
In Episode 31 Kerwin came on the show to reveal those insights with us, but what I found most impactful was his emphasis on pursuing calm at all costs. As the world is getting faster, more chaotic, more transactional, more automated, and more digital, we’re faced with sensory stimulation like we’ve never even imagined – and that’s an absolute recipe for disaster where our mental health is concerned.
Yet, Kerwin reminds us that we need to shift away from passive sensory overload, and instead shift to more proactively putting ourselves in situations that get us out of our comfort zone in a good way. And if we can do that regularly, and train ourselves to be effective and calm in complete chaos, we will not only be extremely well positioned to benefit from the rapidly changing world but we'll also insulate ourselves from failure that could be completely demobilizing for most people.
Here’s what Kerwin said:
“The more you can regulate stress in a healthy way, at levels that other people can't, the more you’ll enable yourself to go further than anyone else can.
That’s the beautiful thing about being human. We all have this capability to grow. We all have this capability to change and transform.
The only difference between someone who plays here and someone who plays here is their ability to expose themselves to information, in some cases, stress, at a level that they can regulate in a healthy way. That's why not everyone's going to be able to build a multi-billion-dollar company because not everyone could cope with the mental stress of even considering working with those denominations and those values.
And that's why you'll always find where your limit is, and wherever that limit is you'll be constrained by some level of fear that triggers a level of stress.”
Most people recognize the importance of proper goal-setting in achieving what they want. (And to start practicing what I believe is the most effective goal-setting system available, download my Success Plan. Free instant download; no opt-in required). But when it comes to your financial goals, the secret sauce is how you tie them into your definite major purpose.
Your definite major purpose is the core goal you have that most of your other sub-goals stem from.
Anyone can put “$1 million” on a goal sheet, but tying it into your definite major purpose, backing it by emotion, and then outlining the steps you need to take to get there and how that will impact the world is going to make it 100x more likely for you to achieve that goal.
In Episode 38, personal finance expert Adam Carroll shared this with us:
“My parents were very positive-minded and they talked about opportunity a lot. My dad was big into Deepak Chopra back in the day. And he would tell me growing up that I was a wizard, and I didn't really understand what he was telling me at the time. I had visions of Harry Potter-esque kind of wizards.
But what he was telling me, I believe, is that I could create whatever environment I wanted to create; that I had the ability to manifest my own desires. And so when I read Think and Grow Rich the first time – which you are obviously well-versed in – I realized how important the messages of definiteness of purpose, and of focus and attention, were. I have a saying up on my door up here and it says “The definiteness of purpose for acquiring wealth is necessary for its acquisition.”
And I kept reading that over and over and over again. Think and Grow Rich was one of the first books that got me on the path. Then I went down this unbelievable rabbit hole of finding all of the quantum physics and law of attraction books that were out there. I realized that we are all constantly, consciously or unconsciously, creating our own environment.”
Remember, Adam is the guy whose TED Talk on playing Monopoly with real money has 6+ million views. So if you’ve got big financial goals – and you should because the more resources you have at your disposal the more you can contribute to the causes you care about the most – you need to tie it into a higher purpose or mission that you have for your life.
If we’ve been brought up in an environment that doesn’t reward creativity, growth or love, we might feel that we’re doomed to continue that cycle. Or worse, we might never recognize that a problem even exists because it seems “normal” to us.
But in Episode 37, Dr Sonja Stribling – who’s one of the toughest and most resilient people I’ve ever met – stated:
“When you hear me say that 'If you didn't come from a wealthy family, let a wealthy family come from you,' it empowers you to realize that just because you came from nothing doesn't mean your family has to carry on that tradition. It means you get to create whatever lifestyle you want. That's just been my mantra. I don't want my children to suffer the way I did or the way my mother did.
And it's not just about the money. Being rich is more about teaching different ways that your children don't have to always go get a 9:00am to 5:00pm job and always have to go to school because school is not for everyone. There are other means to create wealth. You just need to know where to find those ideas and the strategies and the tips and tools to do so.”
While, at times, you might feel that your future is pre-destined because of the circumstances where you grew up, it’s never too late to be what you want to be, lead by example, and inspire future generations to take ownership of their lives. And while the goal of flipping the script of generational poverty in your family and turning it to generational wealth might be great financially, never forget that it’s the lessons, the relationships, and the attitude to handling adversity that are the most important things.
This might seem harsh, but I’ve interviewed enough people now who have overcome the most horrific circumstances imaginable and gone on to incredible success. To see firsthand what they’ve been able to do with their lives but, more importantly, how grateful they are for that adversity, has been the biggest blessing I've had on this journey. In some of their deepest pain, they were able to use those experiences as fuel to live a life of compassion, meaning, and impact.
Some of those people are Janine Shepherd, who I mentioned in chapter one of Think and Grow Rich: The Legacy. Her story as a walking paraplegic is extraordinary. Remember, she had qualified for the Olympic Games, only to have her athletic dreams and physical being completely destroyed through no fault of her own.
There’s Jim Stovall who, at 18, went totally and permanently blind, before going on to write 30 bestselling books and become the founder of the Narrative Television Network – while blind. Todd Love, who became a triple amputee at 18 years old after being blown up by an IED in Afghanistan; Todd views the explosion as a “gift” and has since completed the Spartan Race on numerous occasions to inspire others.
Or Sonja Stribling, who we just mentioned in the last tip, who was born into a family as the youngest of 12 children, to parents who only had a second-grade education. At age 15, she gave birth to her first child. And just two years later, at 17 years old, she was raped and left for dead in a field. Sonja is now an internationally regarded female empowerment coach who helps millions of people around the world.
There are too many examples of this.
Make no mistake, how you respond to adversity when it INEVITABLY strikes is what separates ordinary people from extraordinary achievers.
And in Episode 30, #1 NY Times bestselling author Keith Ferrazzi shared a very succinct approach for those who want to become extraordinary:
“There is no excuse for you to remain mediocre. If you want to be extraordinary, you chart your path. If you hold onto your individual title, you'll never have enough resources under your control to really break through. You need to go to Peter Diamandis, you need to go to Jim Kwik, you need to get James Whittaker who knows everything about podcasts to teach you about podcasts, right?
You need to expand your view of team. If you don't redefine your view of team, you will remain mediocre with mediocre resources.”
So think about what you can do to turn your individual mission into a shared mission.
There is no excuse for you to remain mediocre. If you want to be extraordinary, you chart your path and build the team to get you there. That’s it. It’s so empowering.
Rather than dwell on our misfortune, or people who’ve wronged us, or whatever it might be, we instead need to channel that energy into constructive means so we can create the very circumstances we want.
That all starts with a recognition that a better life awaits (irrespective of what has happened to us in the past), followed by a focus on detailed plans to make it happen, then a commitment to seeing it through with the right people around us.
Like most of these tips, the real growth comes when you can turn them into a habit – that way, when the voice of doubt kicks in, it’s quickly overridden by habit and you do what needs to be done.
One of the best habits to have is waking up and recognizing today as a clean slate, which means you leave any drama, frustration, or stress in the past where it belongs. And you wake up excited for another opportunity to do exactly what you want to do.
In Episode 42, ultra athlete Marcus Smith, who was almost killed after being hit by a vehicle while cycling, shared this:
“We ALL have tough days. We ALL get overwhelmed and we have to be honest with ourselves on that. But I think what the difference is from what you said and from what I see in my life is that no matter how bad today is I'll wake up tomorrow and it's a new day, and I'm ready to dominate and you're ready to win the day.
If I can just encourage people that every time you go to bed, when you get up the next day, you've been just gifted this unique opportunity to do amazing things. You've got a fresh mind. And if you start the day with this great positive mindset that you're going to have an awesome life, you can just rinse and repeat that. It's beautiful.”
And there’s a level of peace that you can see in these people. They’re at peace with themselves and what has happened to them, and they’re even at peace with the people who were responsible for their most brutal pain.
But more than peace, they also know exactly who they are, what they’re capable of, and how they will inch closer toward their mission.
There’s been many moments in my life – too many to name – where I’ve reached a pretty dark place and felt overwhelmed and frustrated, and the negative self-talk got noisier and noisier.
Inevitably, in every one of those instances, it was because I either did not know about the daily rituals for success, or I had become so overwhelmed with work that I neglected those daily rituals of success.
If we fall out of alignment, that’s when those dark feelings emerge, and it’s a horrible feeling to find yourself in a situation where you’re saying, “How did I get here AGAIN?”
It can be a difficult road to come back from.
In Episode 48, Rob Angel – who was the creator of the world’s bestselling board game, Pictionary – mentioned how he had to take a leave of absence from his own business because he was totally out of alignment:
“As entrepreneurs, they say you've got to push hard and make sure you're working 24/7, and you've got to push, push, push. Well, that's what I wound up doing. And about 5-6 years in, I changed my mission from giving Pictionary to the world and people having fun, to how do I make more money and push this game.
It wasn't just burnout. It was complete and total anxiety. I wasn't comfortable with myself. My authentic self had left and I was so off balance. I was so out of alignment. But I didn't know how to deal with it. So for a couple of years, I was getting in fights with my partners over nothing.
And I wouldn't show up for work periodically and it just became untenable. So I took a leave of absence. That's all I could do. I had to remove myself and recalibrate and took about six months. I came back to the business and the partners accepted me and took up the slack. But you don't have to do that. You can pre-warn.
Make sure you take an hour for yourself every day. Whether it's meditation, watching television, working out, or whatever it might be, where you don't think about your business. Because guess what? If you're not there for 20 minutes, it's going to be there when you get back. It's not like it'll fail if you take time for yourself.
I do believe in meditation. But if that just sounds so woo-hoo and off the wall, take a walk, anything, but you've got to take care of yourself mentally, spiritually, and physically to be more productive and make more money and be more successful. You have to.”
So make sure you stay in alignment. And the best way to do to that is: to always have an idea of what success looks like to you in ALL areas; and, second, make sure your own cup is full at all times, because the more you have the more you have to give.
A surprising theme I noted from most of the people who’ve come on the show is that a deliberate break has been the springboard to their greatest achievement. In Episode 26, Australian entrepreneur Michael Fox (founder of Fable Food Co) shared how he raised more than US $30 million for an exciting business venture that was backed by some of the most established retailers and venture capital firms in the world.
But after losing everything – his business, the $30 million in investor money, 10 years of his life, and even his marriage – Michael took six months off in Europe where he allowed his intellectual curiosity to go where it wanted to go.
In that moment of massive internal transition, which didn’t have any boundaries or time constraints around it (like he’d had with the rigorous demands of running his own business), Michael became drawn to one particular topic, which became the foundation of his new mission: to end industrial agriculture.
Michael went all-in on that mission, and in a few short years has created a high-end meat alternative that uses mushrooms, which is now available in more than 1,000 supermarkets and has partnered with people like acclaimed chef Heston Blumenthal.
Here’s what Michael had to say:
“My wife and I, with our one-and-a-half-year-old, went to Denmark. For me, it was a great period to have a reset – I didn't have any pressure to find a job or figure out what I was going to do next. I just knew, okay, there's six months, I can focus on being a dad and do whatever I feel like doing.
I ended up reading a lot of books. And because I've been vegetarian for four and a half years, I just ended up reading more about industrial animal agriculture. There were other areas that I was really passionate about and started exploring too, like community living and some different areas like that. But I just ended up reading all these different areas that I was passionate about.
Then towards the end of the six months, I started thinking, “Well, there's two or three areas I'm deeply passionate about, is there a business model or something that I could do?” Well, actually, I didn't even want to start a new business. I was thinking that maybe I could work for someone else in in the meat alternative space because it’s a space that's been growing really quickly.
That six months allowed me to explore whatever I wanted to, wherever my intellectual curiosity took me. That really helped me narrow in on what my passion was and what industry I might like to enter. We added lifestyle decisions around that, and got to work."
So if you’ve gone through a very difficult period, make sure you take a defined period of time – without any boundaries, constraints, or pressure – to allow your intellectual curiosity to go wherever it wants to go. You’ll likely find answers to what you want with much more clarity than you’ve experienced ever before, which could be the perfect springboard to your next chapter.
All those who do great things have one fundamental attribute: unwavering self-belief. In a world, where haters come with the territory, and everything we see comes with a like, share, and comment button, it’s more important than ever to recognize that there’s only ONE opinion that really matters and it’s how you feel about yourself.
In Episode 32, a truly unique guy, Coss Marte, came on the show to share his story. Coss was brought up in very difficult circumstances, before finding massive success on the wrong side of the law. As one of New York’s most prominent drug dealers, Coss was earning more than $5 million a year at 21 years old and needed eight mobile phones just to store the sheer number of customer contacts. Eventually, he was sentenced to a lengthy prison sentence, but was able to use his time inside to start a new career as a fitness entrepreneur.
There was one quote that stood out to me during our conversation: “My mentality was nothing is going to stop me.” Even in a prison cell, Coss was going to turn his dream into a reality, and I would never bet against someone with that level of faith in themselves.
Here’s how Coss describes what happened next:
“I started realizing that I was affecting not only the thousands of people that I sold drugs to, but I started thinking about their families. I started thinking about my family. I started thinking about this web of destruction that I'd created, and I felt so much regret. I said, “I want to give back in some sort of way.”
I came up with the idea of ConBody in that cell. Then, I lost 70 pounds in six months, while helping 20 other inmates lose more than 1,000 pounds combined. So, I started this whole workout program in the prison yard. I knew then that it’s what I wanted to do when I came home: a prison-style bootcamp. In my cell, I wrote a mini-business plan and a 90-day workout plan.
I said to myself that I would do what I wrote, and I did.
About a year later, I came home and put it into action. I started training classes in the park, then rented out studios, then eventually opened up my own studio. It escalated to building an online workout platform where I now train thousands of people all over the world. Today, we've trained more than 50,000 people. But the most beautiful thing is that we've hired over 40 people coming out of the prison system, and none of them have come back into the system.”
So next time you’re faced with an opinion about what you’re not capable of, whether it’s from a family member, a friend, or a total stranger, remember that those comments are based on THEIR limitations. The most important opinion is how you feel about yourself, so take action on your dreams and what you know you're capable of.
That might sound a little woo-woo, but what Emily Fletcher shared in Episode 29 blew me away. Emily is the world’s leader in meditation for high performance, and one of the most valuable takeaways I got from her episode was that the mind doesn’t know the difference between imagined memories we create for the future and actual memories from our past.
So if we’re serious about creating a life we love, a powerful method is to consciously remind ourselves of the outcomes we want and have the discipline to do it every day. We literally visualize an important moment – whether it’s a client meeting, a keynote presentation, a guest appearance on a podcast – and play out the entire event in our most optimal state.
That way, when it happens in real time, we’ve already trained our subconscious to deliver at the highest possible level and made sure we’re perfectly prepared for that opportunity.
Emily uses a combination of meditation and manifestation to reduce the impact of previous trauma while empowering us to get the absolute best result from important events we have coming up in the future:
“Mindfulness is really good at dealing with your stress in the now. And then the manifesting piece is all about dealing with your dreams for the future. So it sounds a little hippy-dippy. It sounds a little woo-woo. Maybe not to you or your audience!
But I would define manifesting as consciously creating a life you love. It is reminding yourself of your dreams. And what I've found is that the combination – and this might really be the thing that keeps you committed to meditation – the combination of meditation and manifesting is so much more powerful than either one alone. Because you could meditate all day, but if you're not clear about what it is that you want it's very hard for nature to give you the thing.
And conversely, you could manifest all day, lining your walls with vision boards, but if you're not meditating and your nervous system is riddled with stress and trauma, and limiting beliefs that you can't even see, then again it's going to be a lot harder for you to achieve your dreams. But when you do them together, you get rid of the stress in your body, you peel away these subconscious limiting beliefs, and you remind yourself of your dreams every day, twice a day, and things start to show up a lot more quickly.”
It’s one hell of a bio-hack, yet so few people do it. If now is the time to massively level-up with what you’re doing, create imagined memories for future events to manifest your ideal outcomes.
This has been a lesson I learned the hard way. Naively, I thought I could help everyone, and you might have felt – or still feel – the same way. But if we try to lift people up who don’t even want to be lifted, not only are we NOT going to be able to lift them up but they’ll likely end up pulling us down to their level.
But in Episode 33, mindset expert John Assaraf mentioned:
“On many occasions I’ve worked harder at helping somebody achieve their goal than they have. But that brings me back to a couple of things that I've discovered over the years. First and foremost, help the people who want the help, not the people who need the help.
Number two, don't be in the convincing business, because if you've got to convince somebody, then they're not sold on themselves doing it.
Number three, every person I work with I ask the question, “Are you interested or are you committed?” And if they tell me they're committed, and they're willing to do whatever it takes, and be radically honest with themselves, and radically honest with what they do, or don't do, then I'm willing to help you.
But anybody else, I have no interest in helping. I don't want to spend my time trying to talk somebody into what they should be doing.”
Powerful, right!? And I’ll never forget it. John shared a TON of gold in that episode.
There’s a quote we mentioned at the start of this episode from Napoleon Hill: “Action is the real measure of intelligence.” Hill also mentioned “It doesn’t matter what you know; it matters what you DO with what you know.”
And when Brandon T. Adams came on the show in Episode 35, he said this:
“Action is what gets results. The number one thing holding people back is they think about something and they strategize all day. At the end of the day, an idea is shit unless you actually take action towards it, and that's what I learned in Think and Grow Rich. You've got to take daily action, even if it's one thing you do every day, every single day, just one thing you accomplish. It'll build up, it's the compound effect. It'll slowly build up over time, and eventually, get you your bigger opportunity.
If you take action, get outside your comfort zone, and become comfortable being uncomfortable, you will find opportunity. And then follow up on the opportunity; don't just get it and then let it go. You have to follow up and keep taking action, every single day.”
And that’s success in a nutshell. Eventually, you have to get your hands dirty. You’ve got to get out of your comfort zone. You’ve got to take action. So a question I want you to ask yourself right now is:
Who do I need to become to succeed in this rapidly changing world?
There might be skills you need to get, relationships you have to establish, limiting beliefs you need to overcome. The world is changing faster than ever, so it’s more important than ever to make sure you’re clear on who you need to become so you can figure out what action you need to take.
I hope you’ve enjoyed those 12 tips to win the day every day! If you wanted to dive into those in more detail, you can check out the full episodes, available in video on YouTube and in audio on Apple Podcasts, Spotify, Google, Amazon, and everywhere you listen to podcasts.
What was your favorite tip? Let me know in either the comments on the YouTube video or in a review on Apple Podcasts. We’ll then pick out THREE lucky people to receive a signed copy of Think and Grow Rich: The Legacy delivered to wherever you are in the world for free.
Is there someone in your life who needs some help winning the day? Share this episode with them now. They’ll thank you for it later, I promise.
To finish, I want to leave you with the quote for today’s episode:
“Each day if you do not make the decision to win you have automatically made the decision to lose.”
Imprint that on your mind so nothing can knock you off course ever again.
That’s all, folks! Remember, to get out there and win the day. And think about how strong you'll be when we hit 100 episodes 😉
Onwards and upwards always,
Resources / links mentioned:
⚡ Success Plan.
"It takes as much energy to wish as it does to plan."
Take a moment to close your eyes and think about what your definition of “wealth” is. Have you got something in mind?
To me, wealth is freedom. Specifically, freedom of choice. When we're financially independent, we can structure our day exactly how we like and we have the means to fully experience life. It also offers the resources to contribute to the causes we care about, say, helping to find a cure for a disease that may have impacted your family.
Many people, sadly, have a negative connotation of wealth. It’s completely up to you to create your own definition, but I urge you to ensure it’s written in the positive. Reframing your mindset is one of the most fundamental steps in transitioning to being a financial winner.
Yet, we don’t teach this in schools.
Wealth does not guarantee you’ll be free of problems. In fact, for many people, building wealth creates a whole host of new problems because their same bad habits are just amplified. However, if you’ve got the right blueprint, wealth is an enormously powerful force for good in your family, your community, and the world.
With an idea of what wealth looks like to you, take another moment to think about what "lifestyle" you want. A lot of people over-complicate personal finance, but all we’re essentially doing is thinking about what life we want to live and then setting up the pieces that are going to enable us to enjoy that lifestyle.
So close your eyes and fast forward to 5, 10, 20 years down the track: What does your ideal life look like?
Can you vividly describe your house, and where you are? Who are the people you’re enjoying it with? In that moment, what is making you the happiest?
Like with any worthy endeavor, we get the best results by beginning with the end in mind. With that foundation, let's explore some proven strategies you can immediately apply to achieve financial independence and become a financial winner.
We see this with every goal—people have the best intentions, always promising to ‘get around to it' but never do. Make the commitment to start now:
If you’re not willing to make personal finance a priority, none of the other steps will help you. As the Chinese Proverb says: “The best time to plant a tree was 20 years ago. The second best time is now.”
If you can measure it, you can manage it. In previous episodes, we’ve spoken about the importance of auditing your energy so you can stay happy, and we’ve spoken about auditing your time so you can stay productive. This is the version we do for managing your money.
Track every dollar you earn and every dollar you spend using a spreadsheet or, the old-fashioned way, on a piece of paper. (You can also use ASIC’s Budget Planner, which although designed for Australians is just as applicable globally).
Write down your:
Add these five expense fields together and multiply to create your Annual Expenses.
Next, take your Annual Income and subtract your Annual Expenses. How much is left? This answer will show whether you’re trending in the right or wrong direction. (Warning: This might be confronting, especially if you discover that your expenses are more than your income, but it’s much better to be aware now so you can take steps to fix it.)
Now, we’ve got a clear idea of where your money is going. Just remember: the aim is to have as much money working for you as possible, rather than the other way around.
That paves the way for step three…
One of the easiest ways to give yourself a pay rise is to spend less! Just as one of the easiest ways to give yourself a pay cut is to spend more. This is one of the most painfully obvious and simple tips, yet it eludes so many people.
The digital world means we’re constantly bombarded with advertisements, while at the same time getting hammered with posts on social media that fire up our human drive to keep up with the Joneses. If you’re not sure what it means to 'keep up with the Joneses', it’s trying to match the social status of your neighbors and friends by doing foolish things with money you don’t have, such as buying a new luxury car, just to impress them.
When you make a habit out of spending less than you earn, you have more money at your disposal to create greater wealth in the future. For example, if a bill arrives, you can pay it now without incurring an additional interest charge. If there’s an essential purchase you need to make, you might find there are favorable terms for an upfront payment, or a penalty for paying in installments.
If you’re currently in debt, do everything you can to pay off bad debt (i.e. debt that is not tax deductible) as quickly as possible, making sure to prioritize items that have the highest interest rate (e.g. your credit card). For example, if you’ve got $1,000 available, it would be better to put it towards a credit card bill that is incurring 18% interest, rather than a student loan that might only be incurring 5% interest. Aim to reduce and then eradicate your reliance on credit cards altogether.
(Note: some people can do well out of the bonus points assigned to new credit card recipients; however, it often requires a lot of research, an in depth knowledge of the fine print, and an ongoing focus to avoid penalties, so my preference for most people is to avoid credit cards altogether if possible.)
Again, the aim is to have as much money working for you as you can.
It’s human nature to spend all that we get—that’s why tax agencies like the IRS and ATO tax your employer first before you receive your wages. Yet, funnily, if we don’t have it to spend, we don’t miss it.
Personal finance classic The Richest Man in Babylon by George S. Clason suggested that one of the key wealth creation tips was to “save at least 10% of everything you earn.” You might think that losing 10% of your income would be unlivable, but if the government introduced an additional 10% tax on income, most people would be able to adjust their lifestyle to accommodate. You might even be motivated knowing that 10% will be returned to you at a later date … with interest.
Rather than seeing how much is left in your bank account after you’ve enjoyed the week, make the commitment upfront—the moment you receive your pay—and save at least 10% of everything you earn.
There are even apps out there, like Acorns, that round up to the nearest dollar from everyday purchases and invests that tiny amount into a diversified portfolio recommended for your risk profile. For example, if you bought a $3.25 coffee, $0.75 would be invested into the portfolio. That might not sound like much, but you would be amazed at how much it adds up over a year, especially when you are able to harness the power of compound interest (more on that in the next post) and have the option of adding more anytime you like.
Too many people ignore the benefit of good money management because they believe they aren’t earning enough. “I’ll do it when I get my next pay rise,” they say. Only they never get around to it.
Regardless of how much you’re currently earning, get into the habit of good financial decisions.
If you struggle with change, technology is here to help! There are services out there nowadays that make the process automatic, so the habit is done for you. Previously, we spoke about apps like Acorns that enable you to contribute a portion of everyday purchases into an investment account. However, here are two other simple options to help:
Generally, you should follow this order when you receive your pay:
Get into good habits as early as you possibly can.
Due to fear about losing all their money in the stock market, many people opt to leave their money in a savings account. However, this is about one of the worst things you can do with money you’ve set aside to invest.
Let’s look at a few countries to inspect their interest rates and compare them to inflation:
Source: Trading Economics (July 2019)
In many cases, inflation is higher than interest so you’re actually losing money keeping it in the bank.
Financial winners invest their money wisely. An easy way to get started is to invest in an index fund, which provides low fees, diversification, and a decent annual return—ensuring you opt to reinvest all dividends and stick with it over the long-term. The stock market has one or two volatile years each decade, but historically has returned around 9% per year.
You can also use dollar cost averaging, which is a strategy to smooth out any volatility. The idea is that you continue to buy X number of shares each month, no matter what. When the market is performing strongly, your portfolio will be doing well, and when the market is weak, you can buy more shares at a cheaper price. This strategy protects against the futile task of ‘timing the market’ and over the long term you will have a lot more money working for you than you would have otherwise.
For example, if you invested in the Nasdaq-100 Index Fund in the US 10 years ago (between 2009 – 2019), you would experience the usual volatility but enjoy a strong overall average annual return:
Source: Yahoo Finance (July 2019)
If you invested in the Australian All Ordinaries Accumulation Index for that same 10-year period, the average annual return would be 10%, again assuming dividends are reinvested. Performance will vary based on the fund you choose and at what time you start, but remember:
For most people, keeping your money stuck in a savings account is far from ideal. Just remember that obtaining professional advice for your unique situation is extremely important because it can vary significantly depending on your circumstances, investment goals, and risk profile (we’ll touch on this more later).
Financial winners build a diverse portfolio of quality assets that appreciate. In contrast, financial losers spend all their money (and then some) on items like jet skis and new cars that depreciate.
Let’s use an example. In 2009, Jenna’s after-tax salary was $50,000/year, and she decided to setup an auto debit for 20% of her pay each fortnight (equaling $10,000/year) going to a new account that she couldn’t touch for everyday purchases. Jenna’s skills increased in that time, and so did her salary, but she kept her contributions at $10,000/year.
The funds were invested into an index fund that averaged 9%/year. Prior to tax and inflation, here is what Jenna’s account would be worth:
Remember, this is just from 20% of her take-home pay from 10 years ago! Imagine if Jenna held the commitment of 20% of her income as her salary increased?
Albert Einstein once said: “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it.” It’s the key to understanding how small sums add up, leading to enormous gains for financial winners and extreme losses for financial losers.
Let’s reflect again on Jenna in the last example. The longer she left her investment, the quicker it multiplied. Let’s add two more periods:
That’s the power of compounding!
Financial losers spend all their pay, and often borrow even more on credit cards, for items that depreciate, such as travel, clothing, and new cars. To illustrate the power of compound interest working against you, let’s think about Jenna’s friend, Luke.
In 2009, Luke didn’t listen to Jenna and decided to borrow $20,000 for a European holiday and some new clothes. Luke made these purchases on a credit card because the bank, who he trusted, said his financial history was good. The interest rate on the credit card was 20%.
Luke returned from holiday and noticed that each bank statement said he only needed to pay 2% of the balance ($200/month), which he did diligently. He met with Jenna who informed him of the problems with spending money on credit cards, so Luke cut up the credit card and never used it again.
However, the statements kept coming.
Eventually, after nine years, Luke was free of his credit card debt. Paying more than $23,000 in interest alone had taught him a valuable lesson. He realized that banks know compound interest better than anyone, and that’s why they seem happy to lend indiscriminately. Luke learnt the hard way that “Compound interest on debt was the banker's greatest invention, to capture, and enslave, a productive society” as Albert Einstein said.
At a recent haircut, the hairdresser, Michelle, was telling me how her life was going to change. A friend-of-a-friend had approached her about an ‘amazing opportunity’ in Las Vegas where they were going to pool their money, borrow some additional funds from the bank, and buy property that was guaranteed to return 15% per year.
Michelle was young and inexperienced with investment, and clearly too trusting of this acquaintance. Alarm bells should ring if anyone comes to you with an opportunity that boasts guaranteed returns, especially high ones. As the adage says: “If it’s too good to be true, it usually is.”
Previously, we have spoken about investing in an index fund. For the average investor, this is a reliable strategy because it provides good exposure to the market (i.e. diversification) at a low cost. You can sell all (or part) of your investment at any time, and it’s regulated by the authorities such as the SEC or ASIC. If one company on the index fails, you’re still protected by the strength of the other companies.
On the other hand, if you invested all your money in a single company, you might wake up one day to find that the company has gone under and you’ve lost all your money. A parcel of many companies has much smoother returns and less risk than a single company.
For most people, buying a home is the goal. A benefit of this is the forced saving commitment as you work to pay off the loan. However, if you need to access funds quickly, you cannot sell the kitchen. If you’ve got a background in building or property, buying a house can be lucrative but, for the average person, starting with an index fund is often the better option.
If you do buy property, remember that most of the value is in the land, which should dissuade you from buying brand new apartments off the plan, lest you find yourself in a situation like this.
For speculative investments, such as cryptocurrency, only use money you’re willing to lose.
I love the Zig Ziglar quote: “Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.” The best investment you can make is in yourself. A commitment to your ongoing education will help you not only identify opportunities but recognize potential danger too.
For example, if in 2008 when the stock market crashed, you paid attention to the doomsday news stories and sold your index fund investment, you might’ve felt satisfied in the short-term thinking you had avoided further disaster. However, if you had invested in yourself too, you would’ve understood that the stock market is driven in large part by greed and fear, and that all you did was crystallize a loss. After all, the index fund was invested in real companies who have come through these downturns before. As a result of selling, you missed the growth that has happened since, which likely far surpassed the point where you sold.
The right book or podcast could be worth more than a million dollars to you, but most people would rather watch TV. The best investment you can make is in yourself.
Approximately 50% of marriages end in divorce (divorce rates by country), and if you’ve ever been involved in a divorce or witnessed one firsthand, you’ll know it’s definitely one of those things you want to avoid.
Financial issues, which in most cases can be alleviated through communication and planning, is the leading cause of relationship stress and marriage breakdown. Here are some interesting statistics:
Schedule time regularly to ask your partner about their goals, and then share your own thoughts. It might feel like an awkward conversation at first, but it will save you a lot of heartache—and potentially tens of thousands of dollars—down the track.
This is an extremely important one. I strongly urge you to seek professional advice where your unique circumstances, goals, and risk profile can be evaluated, and an investment plan prepared for you after taking all that into account.
What’s the best way to find a good financial planner?
Once you’ve done the above, make a list of 3-4 people, or companies, that you think would be a good fit, and then take an initial consultation to see who takes the time to understand you. One of the best ways to judge the merits of a prospective financial planner for you is by the questions they ask and how attentive they are to your responses.
Onwards and upwards always,
In case you missed it:
11 Tips to Supercharge Your Productivity
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it.” – Albert Einstein
“‘A part of all I earn is mine to keep.' Say it in the morning when you first arise. Say it at noon. Say it at night. Say it each hour of every day. Say it to yourself until the words stand out like letters of fire across the sky.” ― George S. Clason (The Richest Man in Babylon)
“Too often, a vast collection of possessions ends up possessing its owner.” – Warren Buffett
“It’s good to have money and the things that money can buy, but it’s good, too, to check up once in a while and make sure that you haven’t lost the things that money can’t buy.” – George Lorimer
“Buy when everyone else is selling and hold until everyone else is buying. That’s not just a catchy slogan. It’s the very essence of successful investing.” – J. Paul Getty
“The power of compound interest the most powerful force in the universe.” – Albert Einstein
“Never spend your money before you have it.” – Thomas Jefferson
“We make a living by what we get, but we make a life by what we give.” – Winston Churchill
“If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability.” – Henry Ford
“You only find out who is swimming naked when the tide goes out.” – Warren Buffett
“The individual investor should act consistently as an investor and not as a speculator.” – Ben Graham
“Not everything that can be counted counts, and not everything that counts can be counted.” – Albert Einstein
“It takes as much energy to wish as it does to plan.” – Eleanor Roosevelt
“Successful investing takes time, discipline and patience. No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant.” – Warren Buffett
“An investment in knowledge pays the best interest.” – Benjamin Franklin
“Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.” – Franklin D. Roosevelt
“Life is full of uncertainties. However, I can guarantee you one thing: those who put an investment program in place will have a lot more money when they come to retire than those who never get around to it.” – Noel Whittaker
“Someone’s sitting in the shade today because they planted a tree a long time ago.” – Warren Buffett
“Empty pockets never held anyone back. Only empty heads and empty hearts can do that.” – Norman Vincent Peale
“Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give.” – William A. Ward
“To attain emotional maturity, each of us must learn to develop two critical capacities: the ability to live with uncertainty and the ability to delay immediate gratification in favor of long-range goals.” – Noel Whittaker
“A successful person is one who can lay a firm foundation with the bricks others have thrown at him.” – David Brinkley
“How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” – Robert G. Allen
“Don’t keep knowledge trapped in your head or your money stuck in a savings account.” – James Whittaker
“The stock market is filled with individuals who know the price of everything, but the value of nothing.” – Phillip Fisher
“Money is a terrible master but an excellent servant.” – P.T. Barnum
“Becoming wealthy is not a matter of how much you earn, who your parents are, or what you do … it is a matter of managing your money properly.” – Noel Whittaker
“What we learn from history is that people don’t learn from history.” – Warren Buffett
“Wealth is the ability to fully experience life.” – Henry David Thoreau
“If you understand compound interest, you basically understand the universe.” – Robert Breault
“Wealth is not his that has it, but his that enjoys it.” – Benjamin Franklin
“Be fearful when others are greedy, and greedy when others are fearful.” – Warren Buffett
“If you’re in the luckiest 1% of humanity, you owe it to the rest of humanity to think about the other 99%.” – Warren Buffett
“I’m a great believer in luck, and I find the harder I work the more I have of it.” – Thomas Jefferson
“Every time you borrow money, you're robbing your future self.” – Nathan W. Morris
“I’m only rich because I know when I’m wrong…I basically have survived by recognizing my mistakes.” –George Soros
“Compound interest on debt was the banker's greatest invention, to capture, and enslave, a productive society.” – Albert Einstein
“Too many people spend money they don’t have to buy things they don’t need to impress people they don’t like.” – Robert Quillen
“Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.” – Zig Ziglar
“Sometimes a very expensive life lesson can be worth every penny.” – Noel Whittaker
“If you don’t value your time, neither will others. Stop giving away your time and talents. Value what you know and start charging for it.” – Kim Garst
“I just sit in my office and read all day.” – Warren Buffett
“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.” – Charlie Munger
“The four most expensive words in the English language are, ‘This time it’s different.’” – Sir John Templeton
“Long ago, Ben Graham taught me that ‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.” – Warren Buffett
“Good and evil increase at compound interest. That's why the little decisions we make every day are of infinite importance.” – C. S. Lewis
“It is not necessary to do extraordinary things to get extraordinary results.” – Warren Buffett
“There’s always a way if you look hard enough.” – Noel Whittaker
“A journey of a thousand miles must begin with a single step.” – Lao Tzu
“The asset I most value, aside from health, is interesting, diverse, and long-standing friends.” – Warren Buffett
“Stay away from negative people. They have a problem for every solution.”
As we approach the halfway point of the year, many people shy away from any purposeful action, instead choosing to worry about ‘next year’. But, with the right plan, you would be astounded with how much progress you can make, even in 6 months.
Here are 11 productivity tips you can use right now to start getting the most out of your hours each day.
Most people wake up and complain about their alarm, the traffic on the way to work, their boss, the news, their commute home from work, then when their partner asks how their day was, they complain about it.
Total day's output = 0.
Instead, wake up and be grateful for the opportunity to share your unique gifts with the world. Think about your intent, your purpose. Ignore the sensationalized daily news schedules, stop stalking people on Instagram, and switch complaints for gratitude.
When you live with intent, it will be much easier for you to say ‘no’ to the distractions that derail your day.
Dale Carnegie once wrote: “An hour of planning can save you 10 hours of doing.” A plan allows us to create a structure around it so we can allocate the necessary resources to get it done as efficiently and effectively as possible, while keeping us more resilient from distraction and procrastination.
Each day, write down three things you’re going to achieve no matter what. Perhaps it’s to complete a gym session, finish the first draft of a blog post, call a family member, or do a meal prep for the week. The important thing is creating the list so your brain can nag at you until it’s done.
(Note: I’m a huge fan of meal prep because it ensures you have nourishing food that can be quickly accessed, rather than interrupting your day to continually shop, cook and clean.)
Most people want to start the day with the feeling of achievement, and for most that is responding to emails. The problem with emails is they’re like boomerangs—always coming back. Instead, do your life’s work first (i.e. the actions that are going to inch you closer to your 90-day goals), before turning to someone else’s agenda for your day. You’ll find you can do the rest on autopilot.
If you have to set your alarm an hour earlier in the morning to get it done, do it. If you want some morning inspo, follow Jocko Willink on Instagram.
It’s not starting things that makes us successful, it’s finishing things. Only begin tasks that you are going to finish and give your best effort. Whether it’s a recorded but unreleased podcast, a stagnant YouTube channel, or training for a marathon that never occurs, begin with the end in mind always.
There’s nothing worse than having a whole heap of half-assed and incomplete tasks that have occupied your attention for months, or even years, where the only reason you haven’t gained traction is because you haven’t been consistent. Most people think starting things is the hard part, but it’s not. The hard part is continuing at the first sign of adversity. Be conscious of that and have an accountability plan to blast through it.
I first heard about the Pomodoro Technique when I interviewed John Lee Dumas for Think and Grow Rich: The Legacy. It requires you to have a large timer sitting on your desk and then segmenting your work time into focused intervals (typically 25 minutes), separated by short breaks (typically five minutes). Every time you complete a ‘pomodoro’, or work interval, mark your progress on a piece of paper with a tick.
After four pomodoros, i.e. 100 minutes of work time, take a 15-20 minute break.
Knowing that your output is capped to 25 minutes unlocks hyper productivity as you race against the clock—otherwise you’ll have nothing to show for your pomodoro—and keeps you focused knowing that a break is never too far away.
Doing what makes us happy gives us an extra tank of rocket fuel to commit to our work. It’s far easier for your brain to switch off if your boss is giving you the same boring data entry task for the 500th time or if you don’t even believe in the product you’re selling.
Apple founder Steve Jobs once said: “The only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle.”
If you’re not sure what areas make you happy, connect with like-minded people, attend events, and add value to others unconditionally. This will give you exposure to more areas, and eventually you’ll find the areas that excite you where you can concentrate your attention.
Whether you're working in home or an office, make a list of the 5-10 things that interrupt you during the day. This could be anything from the phone ringing and social media, to getting bothered by work colleagues and even your own thoughts.
Break that list into four categories—people, technology, self, and other—and take actions accordingly:
We have access to history’s most brilliant minds right now. Why not spend 20 minutes a day tapping into their expertise?
If you don’t enjoy reading, turn your attention to podcasts or audiobooks. Importantly, when you’re reading (or listening to) these books, keep a notepad so you can brainstorm ideas along the way that will help you achieve your goals. After all, action is the real measure of intelligence.
Acclaimed inventor Thomas Edison once said: “Never go to bed without a request to your subconscious.”
Our bodies and minds are capable of extraordinary things while we sleep, and that rest time is essential for recovery, growth, and general well-being. Thinking about what we want before we go to bed also plants a seed of imagination that can allow our mind to focus on it for the next 7-8 hours.
Never underestimate the power of the subconscious. After all, every great endeavor, innovation, or achievement was once a simple thought impulse.
Checking in on your actions—the people you spent too much or not enough time with, the books you read or didn’t read, the fitness session that did or didn’t get done, or the progress you made or didn’t make towards your goals—enables you to adjust your schedule and routine to ensure the next week is better. With this plan of constant reflection and calibration, long-term success is assured.
And just remember, often, removing a negative influence in your life can be just as powerful as gaining a positive one, so pay extra special attention to who you spend your time with and what stimulus you allow your mind to feed on.
The number one productivity technique, which I never hear anybody talk about, is being inspired. When you’re inspired, it doesn’t matter how many hours of sleep you’ve had the night before, how much money is in your pocket, or where you’re working from. You wake up and get after it.
The best way to make that happen is to download my Success Plan Template, write out your 'Perfect Destination' in all areas of your life, and then backtrack it to the work you need to do today that will eventually make it a reality.
Once you’ve done that, you can release yourself from worry about the future because you already know how the story ends—after all, you wrote the story! That will inspire you to take the simple and consistent action that will get you where you need to be.
Try those 11 tips to become a master of productivity.
Everyone tries to act like their super busy, but remember—it’s not how busy you are, but how productive you are, that makes all the difference. Output is everything.
Onwards and upwards always,
In case you missed it:
The Arnold Schwarzenegger Story
“When you show yourself to the world and display your talents, you naturally stir all kinds of resentment, envy, and other manifestations of insecurity. You cannot spend your life worrying about the petty feelings of others.”
As the modern world increasingly exposes us to the criticism of others, it’s more important than ever to protect your energy and stay focused on your own actions.
Here are 10 tips for dealing with the haters.
Our mental state has an enormous correlation with the meaning we assign to a given situation. To help create a positive outcome, ask yourself: What else could this mean? An errant comment mightn’t always be as harsh as it appears. For example, perhaps:
To change your state of mind, get moving. Change your posture, breathing and thinking to align with happiness, love and gratitude—after all, positive motion leads to positive emotion. Avoid or limit your exposure to things that sap your energy.
Napoleon Hill once said, “One of the unappreciated benefits of adversity is that it accelerates the process of identifying your true friends.” If people do not reciprocate your positive energy, take comfort knowing that the quicker they’re out of your life the better.
The world is a big place, yet so many of us cling to friendships that no longer serve us. Channel your energy into supporting those who bring out the best in you, and you in them.
One thing the world will never be short of is opinions. However, criticism and judgement are generally based on the sender’s own insecurities and ego, and it says much more about their character than it does yours. Interestingly, people who support the critics will eventually find out the hard way that those who talk trash on someone will happily do it to everyone.
If someone in your life allows their mind to be possessed with jealousy, envy and resentment, wish them the best and run like the wind.
The most successful people on the planet actively seek out feedback to help them improve. Tech visionary Elon Musk famously said: “Pay attention to negative feedback and solicit it, particularly from friends. Hardly anyone does that, and it’s incredibly helpful.”
A “congratulations” won’t help you, but a specific tip might. Action what you can then willingly discard the rest.
Think about the athlete, entrepreneur, musician or politician you look up to the most. Are they immune from criticism? Absolutely not. In fact, those who make the decision to stand for what they believe in attract a whole swarm of haters. On the naysayers, UFC President Dana White said: “No matter how successful you become, one thing never goes away: negativity. Let it fuel you to get up and fight every day.”
If you’re willing to surrender to the critics, you’re not ready for success.
Today, almost every post comes with a like, share and comment button. This has given every single person, no matter how ill-informed (e.g. internet trolls), a platform to vent their feelings. Instead, revisit your Success Plan—why do you want to achieve everything you’ve got listed? The clearer and more emotionally invested you are on what you want, the more resilient you’ll be.
Opinions comes with the territory, but as you’ve heard me say before: never EVER let those people who have given up on their dreams talk you out of yours.
Too many people go through life wanting to balance the ledger. Yet, all you’re doing is robbing yourself of happiness in the present. As my mum (who continues to prove she’s wise beyond her years) once said after I had been wronged by someone I regarded as a close friend, “It’s not your job to dish out the karma.” She was right.
Stay resolute and focused on your success, and let the universe take care of the rest.
Here’s the hard truth: it’s not everyone else’s job to support you, believe in you, or give you a pat on the back when you feel like you deserve it. For new entrepreneurs, especially, it can be a tough realization that—after investing all your time and money in a venture—the overwhelming support you thought you would receive from your social circle disappears as soon as your product/service is available. In fact, most people would rather buy from a celebrity who they don’t know in favor of supporting their friends.
Rather than let it frustrate you, continue to focus on creating more value and you will quickly attract a large audience of people excited in you.
One of the best ways to feel better about yourself is to help those less fortunate—when you see their faces light up, it will give you gratitude and an instant attitude adjustment. I used to do a lot of work mentoring high school students, and I spoke to one of them last week who is now a successful professional in his early 20s. Of course, I’m immensely proud of the life he’s made for himself, but what made me happiest was hearing that he now volunteers at his old high school to help others.
Pay kindness forward, while the haters hold themselves back.
People are typically jealous of short-term success. The best way to prove them wrong is to continually work on your own version of excellence every single day.
Over time, even the most ardent critic can come to appreciate the sustained effort you took to make your mark on the world.
My challenge to you is to be you. Not a discount version, but your best self. Use your actions to win the day, every day. While others gossip, your results will say more than words ever could.
Onwards and upwards always,
In case you missed it: ‘How to Overcome Bad Days’
“Be who you are and say what you feel, because those who mind don’t matter and those who matter don’t mind.” – Bernard Baruch
“People will always have an answer for the question they won’t have to answer themselves.” – Conor McGregor
“Throughout life people will make you mad, disrespect you and treat you bad. Let God deal with the things they do, cause hate in your heart will consume you too.” – Will Smith
“One of my greatest weaknesses is also one of my greatest strengths: being underestimated.” – Sara Blakely
“Happiness is not something you postpone for the future; it is something you design for the present.” – Jim Rohn
“To avoid criticism say nothing, do nothing, be nothing.” – Elbert Hubbard
“To be a star, you must shine your own light, follow your own path, and don’t worry about darkness, for that is when the stars shine brightest.” – Napoleon Hill
“Turn your wounds into wisdom.” – Oprah Winfrey
“When another blames you or hates you, or people voice similar criticisms, go to their souls, penetrate inside and see what sort of people they are. You will realize that there is no need to be racked with anxiety that they should hold any particular opinion about you.” – Marcus Aurelius
“When you show yourself to the world and display your talents, you naturally stir all kinds of resentment, envy, and other manifestations of insecurity. You cannot spend your life worrying about the petty feelings of others.” – Robert Greene
“Most haters are stuck in a poisonous mental prison of jealousy and self-doubt that blinds them to their own potentiality.” – Steve Maraboli
“Never take constructive criticism from people who haven’t constructed anything.” – John Shin
“I’ve been all over the world and I’ve never seen a statue of a critic.” – Leonard Bernstein
“Any fool can criticize, complain, and condemn—and most fools do. But it takes character and self-control to be understanding and forgiving.” – Dale Carnegie
“If anyone can refute me—show me I’m making a mistake or looking at things from the wrong perspective—I’ll gladly change. It’s the truth I’m after, and the truth never harmed anyone. What harms us is to persist in self-deceit and ignorance.” – Marcus Aurelius
“The time you spend hating on someone robs you of your own time. You are literally hating on yourself and you don’t even realize it.” – Joe Rogan
“He who has a why can bear almost any how.” – Friedrich Nietzsche
“Set your mind on a definite goal and observe how quickly the world stands aside to let you pass.” – Napoleon Hill
“Rumors are carried by haters, spread by fools, and accepted by idiots.” – Nishan Panwar
“There will always be haters. And the more you grow the more they hate; the more they hate the more you grow.” – Anthony Liccione
“The purpose of life is finding the largest burden that you can bear and bearing it.” – Jordan Peterson
“Never EVER let someone who gave up on their dreams talk you out of yours.” – James Whittaker
“You have enemies? Good. That means you’ve stood up for something, sometime in your life.” – Winston S. Churchill
“Put your foot on the neck of criticism by reaching a decision not to worry about what other people think, do or say.” – Napoleon Hill
“There will be haters, there will be doubters, there will be non-believers, and then there will be you proving them wrong.” – Jennifer Van Allen
“Compare yourself to who you were yesterday, not to who someone else is today.” – Jordan Peterson
“It never ceases to amaze me: we all love ourselves more than other people, but care more about their opinion than our own.” – Marcus Aurelius
“I will permit no man to narrow and degrade my soul by making me hate him.” – Booker T. Washington
“The best way to counter-attack a hater is to make it blatantly obvious that their attack has had no impact on you.” – Tim Ferriss
“Action is the real measure of intelligence.” – Napoleon Hill
“A critic is a legless man who teaches other people to run.” – Channing Pollock
“I don’t worry about the haters. They are just angry because the truth I speak contradicts the lie they live.” – Steve Maraboli
“It’s easy to attack and destroy an act of creation. It’s a lot more difficult to perform one.” – Chuck Palahniuk
“Don’t wish it was easier, wish you were better. Don’t wish for less problems, wish for more skills. Don’t wish for less challenges, wish for more wisdom.” – Jim Rohn
“Set your house in perfect order before you criticize the world.” – Jordan Peterson
“Haters are all failures. It’s 100% across the board. No one who is truly brilliant at anything is a hater.” – Joe Rogan
“Learn to use the criticism as fuel and you will never run out of energy.” – Orrin Woodward
“When you are able to maintain your own highest standards of integrity—regardless of what others may do—you are destined for greatness.” – Napoleon Hill
“People work better when they know what the goal is and why.” – Elon Musk
“I was born to make mistakes, not to fake perfection.” – Drake
“My best friend is the one who brings out the best in me.” – Henry Ford
“Breathe. Let go. And remind yourself that this very moment is the only one you know you have for sure.” – Oprah Winfrey
“I don’t have time, energy, or interest in hating the haters; I’m too busy loving the lovers.” – Steve Maraboli
“No matter how successful you become, one thing never goes away: negativity. Let it fuel you to get up and fight every day.” – Dana White
“The only thing more frustrating than slanderers is those foolish enough to listen to them.” – Chris Jammi
“He has a right to criticize, who has a heart to help.” – Abraham Lincoln
“Don’t believe me? Just watch.” – Bruno Mars
“Haters don’t really hate you, they hate themselves; because you’re a reflection of what they wish to be.” – Yaira N. Juan
“We must all wage an intense, lifelong battle against the constant downward pull. If we relax, the bugs and weeds of negativity will move into the garden and take away everything of value.” – Jim Rohn
“The more successful you become, the more haters you get.” – Daymond John
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“I am the greatest. I said that before I even knew I was.”
What do world-beaters like Muhammad Ali, Beyoncé Knowles, Lady Gaga, Bruce Lee, Conor McGregor and Jim Carrey all have in common? They recognize that ALL success starts by filling your mind with greatness.
You might have heard some variant of the quote: The path to success is to take massive, determined action. However, most people leap in headfirst, ignoring the critical first step of creating a comprehensive unique definition of what success looks like to them. As Dale Carnegie reminded us: “An hour of planning can save you 10 hours of doing.”
A clear plan gives you the mental fortitude to make the right choice in the many decisions you are faced with each day, resulting in more willpower, passion, persistence and other essential ingredients needed for long term achievement. Along the way, resources of all kinds that you need for your journey—such as people, finances and inspiration—will appear, as if by magic.
Once you’ve filled your mind with greatness and have a comprehensive definition of what success looks like to you, bridge the gap between dreams and reality through the process of autosuggestion:
Remember, you don’t need to believe it immediately, as Bob Proctor noted in Think and Grow Rich: The Legacy. Through this process, complemented with daily action, champions are increasingly bolstered for success while those indifferent to their destination are lured to mediocrity.
In January 1969, aspiring actor Bruce Lee wrote out his clear definition of success (below). Today, he is remembered as the world’s most iconic martial artist, a global film star and cultural phenomenon.
On autosuggestion, Lady Gaga said: “It’s sort of like a mantra. You repeat it to yourself every day: ‘Music is my life, music is my life. The fame is inside of me, I’m going to make a number one record with number one hits.’ And it’s not yet, it’s a lie. You’re saying a lie over and over and over again, and then, one day the lie is true.”
Before he became a household name, film star Jim Carrey would often sit in the Hollywood Hills and look out over the city, visualizing how one day renowned directors and other people he respected would praise him for his work. In 1992, he went one step further, writing himself a $10 million check for “acting services rendered.” Dating it three years in the future, Carrey kept the check in his wallet where it would stare back at him numerous times each day, while he worked tirelessly to bring his goal to life.
Just before Thanksgiving 1995, the entertainer was given a film role that paid him $10 million. By constantly focusing on what he wanted most, Carrey made his dream a reality.
Having your mind constantly focused on what you want is an essential step to actually achieving it. Whether it’s Muhammad Ali declaring he is the greatest before history agreed, Bruce Lee demanding worldwide fame, Lady Gaga visualizing her meteoric rise, Beyoncé exercising in front of an Academy Award picture, Conor McGregor dreaming big despite his dismal amateur record, or Jim Carrey writing himself a $10 million check, convince your mind it’s a simple choice: win or perish.
Model the habits of high performers. Demand success, expect it, and let the universe show you the way forward.
Onwards and upwards always,
In case you missed it:
How to Turn Failure into Victory … and a Billion-dollar Empire