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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 August 7, 2018

            14 Powerful Leadership Traits That All Great Leaders Have

            14 Powerful Leadership Traits That All Great Leaders Have

            Being a leader of a company or organization is certainly a difficult and often frustrating position – but it can also be tremendously rewarding.

            Whether you’re just starting out as a leader, or have been leading for a while, you’ll be sure to benefit from knowing the essential traits that all great leaders possess.

            Effective and successful leaders transcend the title of ‘manager’ or ‘boss’. They’ve found a way to achieve the perfect combination of charisma, enthusiasm and self-assurance (with a healthy dose of luck and timing probably added to the mix).

            It may seem like some people are gifted with leadership skills, but the truth is most leadership traits can be learned, adopted, and strengthened with time and practice.

            As we delve into the list of effective leadership traits, you will learn the behaviors and attitudes of a good leader.

            The 14 most important leadership traits

            Please read through the list of leadership qualities carefully. Take note of which of the traits you excel at – and which ones you need to work at.

            Traits for better self-development

            1. Vision and mission

            Having a clear picture of what needs to be achieved is a crucial quality of good leadership.

            This vision is often communicated in a mission statement, such as this one from Starbucks:

              How to develop vision? Spend time pinpointing what you need to achieve, and then plan the steps to get there. Here’s a complete guide on creating your own vision.

              2. Self-motivated

              It’s no coincidence that successful leaders have an abundance of self-motivation.

              Without a decent level of self-motivation, you’ll struggle to become a strong and respected leader. However, if you don’t have a lot of self-motivation right now, don’t despair.

              One of the secrets is to have definite goals to keep you motivated at all times. Some people also choose to reward themselves every time they achieve a goal, and this is certainly a good way to keep yourself enthused and motivated. Learn how to set an ambitious yet achievable goal here.

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              3. Optimism and positivity

              Positive energy is contagious. Great leaders are overflowing with this type of energy.

              Not only does a positive mindset make leaders easy to work with, but it also gives them a constant source of inspiration and ideas.

              Tap into this energy by aligning yourself with positive people and positive goals. Find out more about the habits of positive people here.

              4. Emotional stability

              In leadership positions, frustration and stress are daily occurrences. This is why leaders need to have strong and stable emotions. They can’t allow themselves to be easily knocked off track.

              If you’re prone to losing your emotional stability when stressed or frustrated, try some of these techniques: breath deeply and slowly for 30 seconds, go for a walk, drink some water (instead of tea or coffee), turn your focus onto something you can resolve. Here’re some effective ways to control your emotions.

              5. Self-confidence

              Watch a presentation by any CEO and you’ll see that even if they’re not natural presenters – they make up for this by having powerful self-confidence.

              It’s not just CEOs who have self-confidence, any successful leader will have this trait in abundance. One reason for this, is that only a confident person can persuade others and gain their respect.

              Worried that you have low self-confidence? Try faking it. Psychologists often recommend that if you ‘act’ at being confident, you’ll start to look, sound and feel like you ARE confident. And in time… you will be.

              If you look for more ways to boost your self-confidence, this confidence coach has got you some nice advice:

              How to Be Confident: 62 Proven Ways to Build Self-Confidence

              6. Decisiveness

              Leaders are frequently called upon to make decisions (some leaders may have to make dozens of decisions every day). In fact, you could say that making decisions is one of the key things a leader must do.

              Spend some time observing highly-successful leaders and you’ll see that they are quick to make decisions. They also enjoy making decisions, rather than stressing out like many non-leaders do when they’re asked to decide on something.

              Put yourself in the leadership bracket by developing your decision-making skills. Start with small decisions – and then work your way up to bigger and more difficult decisions. Once other people notice your decision-making prowess, they’ll automatically see you as leadership material.

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              I know it’s really quite difficult to make the right decisions sometimes, but don’t worry, here’s a guide for you:

              How To Make Good Decisions All The Time

              7. Passion and enthusiasm

              Expressive. Active. Energetic. These are words best describe a passionate leader.

              Great leaders are lively, driven and are possessed with zeal and purpose. It’s this passion that helps them achieve big results. If you want to emulate their success, then you need to develop passion and enthusiasm for the work at hand, and the end goals.

              Take a look at this Passion Pyramid to find out how importance a leader’s passion is to the team:

                One way to do this is to find what motivates you, and keep your focus firmly on that. For example, i f you’re motivated by helping others, then make sure your role and company are both suited to realizing this. If you’re motivated by money, then put your focus on achieving bonuses and pay rises.

                Take a look at Leo Babauta’s guide on how to find your passion.

                8. Accountability and responsibility

                Exceptional leaders know that at all times they’ll need to take responsibility for tasks and their results. This includes things likes individual and team performance, as well as being accountable for when things go wrong.

                When negative things occur (and you can guarantee they will from time-to-time), a great leader will immediately step in and take responsibility. Initially, they’ll try to resolve the problem in as quick and smooth a way as possible. But if this is not feasible, they’ll be sure to say that the buck stops with them – and they take full responsibility for what has happened.

                To develop your leadership skills, you must never shy away from responsibility or accountability. If you prefer to sweep mistakes under the carpet, then you’re demonstrating non-leadership traits. Try owning up to issues and finding solutions to them. By doing this, you’ll immediately gain people’s respect.

                Find out some tips on how to be a more responsible person here.

                9. Focus

                Distractions are everywhere. And it takes major focus to stay committed to tasks and goals. The best leaders understand this, and therefore, they’re always looking at ways to boost their team’s focus.

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                One way leaders do this, is to keep their team intensely focused on the bigger picture. This might entail allocating specific time for tasks and eliminating any non-essential work.

                If you’re easily knocked off track, you’ll need to spend some time boosting your focus. Try planning your day, week, month and year to help ensure that you don’t fall behind with achieving your goals. Check out the 7 strategies of staying super focus recommended by a productivity coach.

                10. Ever-learning

                Leaders know that to be successful they need to continually update their skills and knowledge. They deliberately learn all they can about their profession and industry, so they’ll able to make confident and assured decisions.

                Why is ever learning so important? I’ll leave it to you to find out the reason here:

                If I Am Living a Good Life, Why Should I Bother Learning New Stuff?

                Imagine a CEO of a solar power company. His company may have amazing solar panels, but when it comes to discussing business with potential buyers, if the CEO or his sales team show a lack of understanding about the solar industry and future trends, etc., they’ll be unlikely to win any business.

                It’s exactly the same for you. If you’re a team leader at an electronics store, you should make sure you fully understand all the products that you offer. But go beyond just that, and read about upcoming products and trends that might change what customers are interesting in buying in the future.

                Traits for effective communication

                11. Empathy

                The best leaders understand the feeling of their team members, customers and associates. They know when to praise, and when to discuss problems (usually in private).

                Without empathy, leaders will be seen as cold, harsh and lacking understanding. They’re also likely to be regarded as untrustworthy.

                One way to ‘put yourself in someone else’s shoes’ is to have regular informal discussions with your colleagues. When you do this, you’ll quickly learn their fears and desires. And when you understand why they have these – you’ll be in a position to express empathy. You can also learn to be more sensitive to others’ needs by taking up these communication skills.

                12. Persuasive and influential

                Communications are at the heart of all transactions. Whether it’s pitching for a sale or resolving a customer complaint, how you communicate will determine the outcome.

                Charismatic leaders such as Richard Branson (Virgin) and Mark Zuckerberg (Facebook) are confident and persuasive communicators. They know how to win over audiences and leave a lasting impressing in people’s minds.

                There’re some common barriers that you’ll have to overcome in order to communicate effectively:

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                How to learn effective communication? You could join the world-renowned U.S. nonprofit Toastmasters International. They’ve been training people in the art of public speaking since 1924, and members have included Napoleon Hill, author of Think and Grow Rich, and Star Trek actor Leonard Nimoy.

                If you don’t have time to join a club, then practice your communications skills at home. You can do this in front of a mirror, or even better, video yourself presenting, and then ask some friends and family members for feedback. You’ll be amazed at what they pick up on.

                Traits for ensuring an engaging team

                13. Team building

                If you put a bunch of random people together, you may have a loose definition of a team. In reality, a real team has purpose, drive – and a leader lighting the way.

                If you’ve worked in different teams and with different managers, you’ll no doubt have come to this conclusion:

                Managers who treat their team members like children are unpopular with the team. Conversely, managers who treat their team members like adults, are respected and well-liked by the team.

                The days of disciplinarian managers are passed. Nowadays, successful team leaders know how to inspire and motivate their team, while keeping a harmonious atmosphere between all team members.

                14. Fostering creativity

                Solutions to problems are rarely black and white. Often it takes a leader who can ‘think outside the box’ to come up with answers. In other words, a leader must be creative, and also help to foster creativity and innovation throughout their team.

                Creativity is not only associated with pursuits such as arts, literature and music, running a team can be just as creative. There will be times every day when you need to come up with ideas and give guidelines for your team to come up with theirs to solve problems.

                Leadership is a journey of continuous learning

                Leadership is an amazing experience that will take you on roads you’ve never traveled before.

                Begin now to build your skills and experience, pick out the traits that you currently lack – and then work on developing those.

                It will take tons of practice and time before becoming an effective leader but eventually you will join the ranks of great leaders.

                Featured photo credit: unsplash via unsplash.com

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