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What You Should Really Invest In If You Want To Be Successful

What You Should Really Invest In If You Want To Be Successful

What do you think of when you hear the word “invest?” What do you think of the word “success?” Doing the first will lead you to having the second, but how?

What I Thought Success Required

As a child and early teen, my vision of success came from my parents and society. My parents encouraged me to learn all I could at school. So I did. I focused deeply on my studies. My grades were great and I was in the top three in my high school class. It didn’t matter the subject, over time I learned to enjoy them all—except gym class, I wasn’t really into sports. But I knew that was fine. Education would rescue me.

The odds are that you were given the same story: get an education, get a good job, stay at the company for 40 years and retire with a big pension. If we’ve learned anything since the Crash of 1987 and the 2008 Recession, it’s this: jobs aren’t stable.

Success Will Cost You

I know you want success. So do I. But the idea of coasting to success based on a degree (or multiple degrees) and a single company just doesn’t happen anymore. You know success is possible, but how? You have to pay the price. You have to make the investments. Not the investments in mutual funds, real estate, or the stock market (although those have their places). No, you have to make investments that will have a positive return—no matter what happens to the market, or your job, or anything else over which you don’t have complete control. Here are the five areas you should really invest in if you want to be successful.

1. Invest in Books

According to Pew research, half of all American adults read less than 5 books in 2013. That number is essentially unchanged from previous years. Five books in a year is a relatively low number. However, if they were books to help you succeed and you applied all of the principles, then you might benefit very much!

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Success Books

    What are people actually reading? According to author Tom Corly,

    People who make $35,000 or less per year read for entertainment 79% of the time.

    People who make $160,000 or more per year read for entertainment only 11% of the time.

    People who make $160,000 or more per year read two or more books per month in areas specifically targeted to help them grow personally and/or in their careers.

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    Among the $35,000 and below income group? 15% read the same number of books in those areas.

    It’s pretty clear that investing in reading the right kinds of books can make a great difference in your level of financial success!

    2. Invest in Events

    In one of my businesses, I went from a $500 investment to over $70,000 in monthly revenue—in seven months. My wife and I were working out of our home helping people to lose weight and get in shape. It was so much fun! But do you know what we did before we made much money at all? We went to an event to learn from people who had already done so.

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      No matter your industry, there are likely events that you could attend. In the automotive industry, there are the Detroit and Chicago auto shows. In electronics, there is the Consumer Electronics Show. Real estate investors have multiple conferences per year. When you invest in attending an event, you not only learn, but your vision grows. You see not just where you are, but where you can be. In talking about mission trips for people (a very specific type of event investment) best-selling author and pastor Mark Batterson puts it this way, “A change in place plus a change in pace equals a change in perspective.”

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      3. Invest in a Coach or Mentor

      Do you know why you are reading this article right now? Let me share two of the reasons: I attended an event and I hired a coach. You may know exactly what you want to do for success. You may have a vision board, a series of daily affirmations, and wonderfully specific goals. But do you know how to make it all happen?

      Mentor

        Do you know all of the small details, or the possible pitfalls? Do you know where making a tiny change could result in a huge return? Do you know where you are just beating your head against the wall and need to stop? No? But guess who does: someone who has already been there. When you hire a great coach, you will save yourself years of frustration and thousands of lost dollars. They will lead you, correct you, encourage you, and (like events) show you a vision bigger than your own. Take your money and invest in a coach, or suffer the consequences of trying to figure it out on your own.

        4. Invest in Relationships

        Success isn’t all about money. How happy will you be if you are making $10 million per year but have no friends or loved ones with whom to share your time? I’d rather be flat broke (and I have been) and happily married than insanely wealthy but all alone.

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        Relationship

          When you are climbing the ladder of success, don’t leave behind those you love most! Lift them into their own success and enjoy the climb together. Invest in relationships because they are worth more than the most precious of diamonds.

          5. Invest in Health

          When I was in my mid-thirties, I decided to take charge of my weight. In less than a year, I was down over 50 lbs. Overall, I lost around 72 lbs from my heaviest and am now in my target weight range. When I was 42, I took up running. I’ve now been a runner for more than four years (feel free to do the math). Do you know why I made these changes and why you should too?

          Running

            Investing in your health has three main benefits:

            • You’ll feel much better: greater energy, a zest for life, and finally enjoying how your body performs.
            • You’ll inspire others: my wife, son, his wife, and a bunch of people I mentor are runners now.
            • You’ll live longer: success does you no good if you are dead. When you invest in your health, you’ll be around for more years to enjoy and share your success with those you love.

            Conclusion

            The idea that a degree and a life-long job will bring success no longer rings true. If you want success, you have to make it happen yourself. Success IS attainable—if you make the right investments. Investing in books (print, electronic, or audio), events, a coach, relationships, and your health will get you the success you so greatly desire… and will help you to bring others with you along the way.

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            Last Updated on October 16, 2019

            Invaluable Lessons You Can Learn From Your Mistakes

            Invaluable Lessons You Can Learn From Your Mistakes

            Do you like making mistakes?

            I certainly don’t.

            Making mistakes is inevitable. Wouldn’t it be wonderful if we could be at ease with them?

            Perhaps there is a way to think of them differently and see their benefits.

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            Why Mistakes Feel Dangerous

            Mistakes often feel dangerous. Throughout human history, our errors have often been treated as dangerous for a variety of reasons:

            • Our vulnerability. We have limited and fragile support systems. When those systems fail, people often lose their lives.
            • Real dangers. Nature can be dangerous, and making mistakes can put us at the mercy of nature and its animal residents seeking a meal.
            • Ignorance. Many cultures scapegoats someone whenever there is a failure of some kind. Scapegoating can be serious and deadly.
            • Order. Many societies punish those who do not conform to the prevailing orthodoxy and treat difference and non-conformity as a mistake. Even our brains flash an error message whenever we go against prevailing social norms.

            We have a history of handling mistakes and failure in an unpleasant way. Since each of us carries our human history with us, it can be a challenge to overcome the fear of making mistakes.

            If we can embrace the reality of mistakes, we can free ourselves to be more creative in our lives and dig up some interesting insights.

            Why We Can’t Avoid Making Mistakes

            Many people operate under the notion that making mistakes is an aberration, a mistake if you will. You can call it perfectionism but it is a more substantial problem. It is really a demand for order and continuity.

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            When we think we can eliminate mistakes, we are often working from a perspective that sees the world as a fixed place. The world, however, is not so obliging. Like it or not, the world, and everything in it, is constantly changing.

            Change is more constant and pervasive than we can see with our own eyes which is why we often miss it. Our bodies are constantly changing. The natural conditions of the earth change constantly as well. Everything, including economic and cultural systems have life cycles. Everything is in a constant state of flux.

            We cannot see all of the changes going on around us since rates of change vary. Unfortunately, when we try to create a feeling of certainty and solidity in our lives or operate from the illusion of stability and order, we are fighting reality and our natural evolution which is built on adapting to change.

            It is better to continually bend into this reality rather than fight every change we experience. Fighting it can cause us to make more mistakes. Finding the benefits in change can be useful and help us minimize unnecessary mistakes.

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            Lessons Learned from Making Mistakes

            Life has so many uncertainties and variables that mistakes are inevitable. Fortunately, there are many things you can learn from making mistakes.

            Here is a list of ways to harness the mistakes you make for your benefit.

            1. Point us to something we did not know.
            2. Reveal a nuance we missed.
            3. Deepen our knowledge.
            4. Tell us something about our skill levels.
            5. Help us see what matters and what does not.
            6. Inform us more about our values.
            7. Teach us more about others.
            8. Let us recognize changing circumstances.
            9. Show us when someone else has changed.
            10. Keep us connected to what works and what doesn’t work.
            11. Remind us of our humanity.
            12. Spur us to want to better work which helps us all.
            13. Promote compassion for ourselves and others.
            14. Teach us to value forgiveness.
            15. Help us to pace ourselves better.
            16. Invite us to better choices.
            17. Can teach us how to experiment.
            18. Can reveal a new insight.
            19. Can suggest new options we had not considered.
            20. Can serve as a warning.
            21. Show us hidden fault lines in our lives which can lead us to more productive arrangements.
            22. Point out structural problems in our lives.
            23. Prompt us to learn more about ourselves.
            24. Remind us how we are like others.
            25. Make us more humble.
            26. Help us rectify injustices in our lives.
            27. Show us where to create more balance in our lives.
            28. Tell us when the time to move on has occurred.
            29. Reveal where our passion is and where it is not.
            30. Expose our true feelings.
            31. Bring out problems in a relationship.
            32. Can be a red flag for our misjudgments.
            33. Point us in a more creative direction.
            34. Show us when we are not listening.
            35. Wake us up to our authentic selves.
            36. Can create distance with someone else.
            37. Slow us down when we need to.
            38. Can hasten change.
            39. Reveal our blind spots.
            40. Are the invisible made visible.

            Reframe Reality to Handle Mistakes More Easily

            The secret to handling mistakes is to:

            • Expect them as part of the process of growth and development.
            • Have an experimental mindset.
            • Think in evolutional rather than fixed terms.

            When we accept change as the natural structure of the world, our vulnerability and humanness lets us work with the ebb and flow of life.

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            When we recognize the inevitability of mistakes as part of the ongoing experiment which life is, then we can relax more. In doing so we may make fewer of them.

            It also helps to keep in mind that trial and error is an organic natural way of living. It is how we have evolved over time. It is better to be with our natural evolution than to fight it and make life harder.

            When we adopt an evolutional mindset and see ourselves as part of the ongoing human experiment, we can appreciate that all that has been built up over time which includes the many mistakes our ancestors have made over thousands of years. Each one of us today is a part of that human tradition of learning and experimenting,

            Mistakes are part of the trial and error, experimental nature of life. The more you adopt the experimental, evolutional frame, the easier it becomes to handle mistakes.

            Handling mistakes well can help you relax and enjoy all aspects of life more.

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            Featured photo credit: Sarah Kilian via unsplash.com

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