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Warren Buffett Says Most People End up Being Average Because They Don’t Keep This List

Warren Buffett Says Most People End up Being Average Because They Don’t Keep This List

Sitting down and setting your life goals can be exciting and motivating. It gives us purpose, sets clear intention, makes us feel productive and creates the feeling of moving forward.

But have you ever started out making a mental or physical list of your goals only to end up with quite a few? Then when you start acting on them, they either end up cast aside or only half achieved? Having goals has been drummed into us from an early age but are having all these goals actually hindering us?

Warren Buffett, one of the most successful businessmen in the world today, questions the need for having so many goals. Instead he puts his success down to eliminating, sometimes important goals, in order to focus on the few that will bring the success we desire.

Warren Buffett asked his pilot to list 25 priorities in his life

To illustrate Buffett’s idea, there’s a great story involving his personal airplane pilot of 10 years, Mike Flint, and how Buffett helped him to focus and prioritize his goals using a 2-list strategy.

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Buffett asked Flint to carefully think about, and write down his 25 top career goals. Once Flint spent time doing this he came back and presented them to Buffett. He then asked Flint to pick out the top 5 most important goals.

So at this point Flint now had two separate lists – the list of 5 goals and the list of 20 remaining goals.

Like many of us, Flint concluded that he would focus primarily on his top 5 and work towards the other 20 as and when he could find the time.

However, Buffett stopped him and said that this is actually the path of becoming unsuccessful because really he should now throw away his list of 20 altogether – no matter how important many of them may be – and focus solely on the top 5.

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Why? Because that list of 20 is essentially a distraction.

Average people don’t know they should AVOID seemingly important things in their lives

The reason we often never succeed with our goals is because we don’t prioritize, focus and therefore, complete, the important few.

It’s human to get demotivated and distracted – two feelings that can be the death of our goals. The bigger the list of goals we have, the more chance there is to give up and move on to the next one in the hope that this one will succeed.

If what Malcolm Gladwell claims is true, to become an expert in any field we must spend 10,000 hours of deliberate practice towards gaining knowledge in that area. That equates to 20 hours each week for almost a year, for a total of 10 years.

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So imagine Flints original list of 25 goals – that would mean it would take him 250 years to fully master his complete list. You can see how having too many goals can lead you down the path to a less successful and fulfilling life.

Make sure you keep the “Avoid-at-all-cost list”

Minimizing has become a hot topic when it comes to living the best life we can and this also applies to our life goals. Like our physical stuff, it can be hard to make a decision to throw certain goals out of the window when they feel important to us. But the process itself allows us to work out our priorities and what’s truly important.

Try writing out 25 goals – whether it’s long term goals or even short term weekly or monthly goals – and start the process of prioritising in order to discover your top 5.

Now, instead of literally throwing the list of 20 away completely, label this your avoid-at-all-costs list to serve as a reminder of what not to focus on. This is the list that will decrease your time and focus and ultimately your success. In other words, if you start working on this list you are in danger of having 20 half-finished goals instead of 5 completed ones.

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Whatever your top 5 goals are, whether you want to learn a new language or skill, or work towards a particular career goal, make a conscious effort to stick to these. Keep motivated to achieve these goals and don’t wander onto your second list. Remember, your time investment is key to success and this time will be compromised the more goals you take on.

Get the success you want: prioritize efficiently, focus intently and stick to it.

Featured photo credit: Fortune Live Media via flickr.com

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Jenny Marchal

A passionate writer who loves sharing about positive psychology.

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Last Updated on November 19, 2019

7 Signs That You’re Way Too Busy

7 Signs That You’re Way Too Busy

“Busy” used to be a fair description of the typical schedule. More and more, though, “busy” simply doesn’t cut it.

“Busy” has been replaced with “too busy”, “far too busy”, or “absolutely buried.” It’s true that being productive often means being busy…but it’s only true up to a point.

As you likely know from personal experience, you can become so busy that you reach a tipping point…a point where your life tips over and falls apart because you can no longer withstand the weight of your commitments.

Once you’ve reached that point, it becomes fairly obvious that you’ve over-committed yourself.

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The trick, though, is to recognize the signs of “too busy” before you reach that tipping point. A little self-assessment and some proactive schedule-thinning can prevent you from having that meltdown.

To help you in that self-assessment, here are 7 signs that you’re way too busy:

1. You Can’t Remember the Last Time You Took a Day Off

Occasional periods of rest are not unproductive, they are essential to productivity. Extended periods of non-stop activity result in fatigue, and fatigue results in lower-quality output. As Sydney J. Harris once said,

“The time to relax is when you don’t have time for it.”

2. Those Closest to You Have Stopped Asking for Your Time

Why? They simply know that you have no time to give them. Your loved ones will be persistent for a long time, but once you reach the point where they’ve stopped asking, you’ve reached a dangerous level of busy.

3. Activities like Eating Are Always Done in Tandem with Other Tasks

If you constantly find yourself using meal times, car rides, etc. as times to catch up on emails, phone calls, or calendar readjustments, it’s time to lighten the load.

It’s one thing to use your time efficiently. It’s a whole different ballgame, though, when you have so little time that you can’t even focus on feeding yourself.

4. You’re Consistently More Tired When You Get up in the Morning Than You Are When You Go to Bed

One of the surest signs of an overloaded schedule is morning fatigue. This is a good indication that you’ve not rested well during the night, which is a good sign that you’ve got way too much on your mind.

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If you’ve got so much to do that you can’t even shut your mind down when you’re laying in bed, you’re too busy.

5. The Most Exercise You Get Is Sprinting from One Commitment to the Next

It’s proven that exercise promotes healthy lives. If you don’t care about that, that’s one thing. If you’d like to exercise, though, but you just don’t have time for it, you’re too busy.

If the closest thing you get to exercise is running from your office to your car because you’re late for your ninth appointment of the day, it’s time to slow down.

Try these 5 Ways to Find Time for Exercise.

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6. You Dread Getting up in the Morning

If your days are so crammed full that you literally dread even starting them, you’re too busy. A new day should hold at least a small level of refreshment and excitement. Scale back until you find that place again.

7. “Survival Mode” Is Your Only Mode

If you can’t remember what it feels like to be ahead of schedule, or at least “caught up”, you’re too busy.

So, How To Get out of Busyness?

Take a look at these articles to help you get unstuck:

Featured photo credit: Khara Woods via unsplash.com

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