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7 Lessons About Success We Can Learn From The $500 Million Man

7 Lessons About Success We Can Learn From The $500 Million Man

Com Mirza, also known as the $500 Million Man, started out small with a lemonade stand. Since then, he’s launched tons of businesses. After multiple failures and bankruptcies, Mirza hit his stride. Now, he lives the good life. Through Mirza Ventures, Com invests in more than 20 different companies–all while spending his time in countries all over the world. What can we learn from Mirza’s journey from humble lemonade stand to multi-million dollar sucess? Read on to find out.

1. Start now

Whether you’re young, old, broke, a student, or stuck in a job–now is the time to start working towards your goals. Com Mirza didn’t wait until he had a degree or until he had some “extra time.” He constantly searched for entrepreneurship opportunities.

Learn from Mirza and stop making excuses. Write down your goals and start doing at least one thing every day that moves you towards that goal. It doesn’t matter if you’re doing something big or small. Just doing something is enough to get you started.

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2. Create a daily ritual

One of the best ways to stay on top of things and improve your productivity during the day is to create a daily ritual. Com Mirza isn’t the only person who does this–hundreds of CEOs and successful entrepreneurs swear by their rituals.

Need help making one? Here are daily routines of 7 entrepreneurs to help get you started.

3. Word hard (but more importantly, work smart)

The $500 Million Man believes in working hard. But, let’s be honest, anyone can work hard. Mirza knows this. That’s why he advocates not only working hard, but working smart. This means finding better ways to do things in less time. Your goal shouldn’t be to just get something done–it should be to get it done in a consistent, efficient, and intelligent manner. Here are 10 things highly productive people don’t do. Stop grinding. Start working smart instead.

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4. Don’t let failure stop you

Com Mirza likes to say he failed more times than Thomas Edison did when he was inventing the lightbulb. Mirza went bankrupt and had numerous unsuccessful businesses during his journey. But he didn’t stop.

In a study among school children the best determiner of success in classes was not IQ, but rather grit. Someone who has grit thinks long-term. They don’t let failures get in their way. Their motivation allows them to endure hardship no matter what. Com Mirza has grit. It allowes him to push past his failures and drives him to success. Be someone with grit and don’t let failures stop you.

5. Give back

Com Mirza dedicates much of his time to philanthropy–to giving back to communities and helping others. He supports organizations that save lives. Don’t worry–you don’t need to do anything that grand. You could start by volunteering some time each week to helping others. This will help keep you grounded. It promotes gratefulness. Volunteering will keep you spiritually healthy too.

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6. Always be learning

It’s important that one never stops learning. Wondering the best way to learn? Reading. Yes, books. They’re not too expensive and they are filled with more value than you’d believe. Some of the smartest people in history have poured their lessons into words set into the pages of books. Remember that daily ritual we talked about? Schedule at least 15 minutes a day to reading books that will contribute to your goals. Do this for at least a week. Try speed reading too. You’ll be amazed by how much you can learn from just a little bit of reading each day.

Need some books to read? Check out this list of life-changing autobiographies.

7. Make the right decisions

It can be hard to make the right decisions. Sometimes you’ll mess up. That’s okay. Remember number four: don’t let failures stop you. At the same time, it’s important that you don’t make your decisions blind. You should be confident in your decisions and try to make the best ones possible.

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Here’s a little exercise from the $500 Million Man. You’ll need a pen and paper. Now write down all of the big decisions you need to make on your way towards your goal. For each decision, write down why you are making the decision. If you can’t come up with any good reasons, then don’t do it.

If you can come up with good reasons, shut off your device and act on it now.

Fortune values the quick.

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Last Updated on March 31, 2020

How To Break the Procrastination Cycle

How To Break the Procrastination Cycle

How often do you find yourself procrastinating? Do you wish you could procrastinate less? We all know how debilitating procrastination can make us feel, and it seems to be a challenge we all share. Procrastination is one of the biggest hindrances to moving forward and doing the things that we want to in life.

There are many reasons why you might be procrastinating, and sometimes, it is really difficult to pinpoint why. You might be procrastinating because of something related to the past, present, or future (they are all intertwined), or it could be as simple as biological factors. Whatever the reason, most of us follow a cycle when we procrastinate, from the moment we decide to do something to actually getting it done, or in this case, not getting it done.

The Vicious Procrastination Cycle

For some reason, it helps to understand that we all go through the same thing, even though we often feel like the only person in the world who struggles with this. Do you resonate with the cycle below?

1. Feeling Eager and Energized

This is when you commit to taking a new action or getting something done. You are feeling confident and optimistic that, this time round, you will do it!

2. Apprehension Starts to Come Up

The beginning stages of optimism are starting to fade. There is still time, but you haven’t done anything yet, and you start to feel uneasy. You realize that you actually have to do something to get it done, and that good intentions are not enough.

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3. Still No Action

More time has passed. You still haven’t taken any action and probably have a lot of excuses why. You start to panic a little and wish you had started sooner. Your panic starts to turn into frustration and perhaps even irritability.

4. Flicker of Hope Left

You can still make it; there is a little time left and you ponder how you are going to get it done. The rush you get from leaving your task until the last minute gives you a flicker of hope. There is still time; you can do this!

5. Fading Quickly

Your hope starts to quickly fade as you try desperately to understand why you just can’t do this. You may feel desperate and have thoughts like, “What is wrong with me?” and “Why do I ALWAYS do this?” You feel discouraged, or perhaps angry and resentful at yourself.

6. Vow to Yourself

Once the feeling of anger or disappointment disappears, you most likely swear to yourself that this will never happen again; that this was the last time and next time will be different.

Does this sound like you? Is the next time different? I understand the devastating effect that procrastination has on many lives, and for some, it is a really serious problem. You also have, on the other hand, those who procrastinate but it doesn’t affect them in any way. You know whether it is affecting you or not and whether it undermines your results.

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How to Break the Procrastination Cycle

Unless you break the cycle, you will keep reinforcing it!

To break the cycle, you need to change the sequence of events. Here is my suggestion on how you can effectively break the vicious cycle you are in!

1. Feeling Eager and Energized

This is when you commit to taking a new action or getting something done. You are feeling confident and optimistic that, this time round, you will do it! The first stage is always the same.

2. Plan

Thinking alone will not help; you need to plan your actions. I always put my deadlines one or two days in advance because you know Murphy’s Law! Take into consideration everything that you need to do, how long it will take you, and what you will need to get it done, then plan the individual steps.

3. Resistance

Just because you planned doesn’t mean that this time is guaranteed to be different. You will most likely still feel the resistance so expect this. This stage is key to identifying why you are procrastinating, so when you feel the resistance, try to identify it immediately.

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What is causing you to hesitate in this moment? What do you feel?  Write them down if it helps.

4. Confront Those Feelings

Once you have identified what could possibly be holding you back, for example, fear of failure, lack of motivation, etc. You need to work on lessening the resistance.

Ask yourself, “What do I need to do to move forward? What would make it easier?” If you find that you fear something, overcoming that fear is not something that will happen overnight — keep this in mind.

5. Put Results Before Comfort

You need to keep moving forward and put results before comfort. Take action, even if it is only for 10 minutes. The key is to break the cycle and not reinforce it. You have more control that you think.

6. Repeat

Repeat steps 3-5 until you achieve what you first set out to do.

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Final Thoughts

Change doesn’t happen overnight, and if you have some deeper underlying reasons why you procrastinate, it may take longer to finally break the cycle.

If procrastination is holding you back in life, it is better to deal with it now than to deal with the negative consequences later on. It is not a question of comfort anymore; it is a question of results. What is more important to you?

Learn more about how to stop procrastinating here: What Is Procrastination and How to Stop It (The Complete Guide)

Featured photo credit: Luke Chesser via unsplash.com

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