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The Five Reasons Why You Are Not Fulfilling Your Potential.

The Five Reasons Why You Are Not Fulfilling Your Potential.

Reach Your Potential

    Very few people can claim that they have achieved all that they are capable of. In the Western world most of us do moderately well. We get an education and a succession of jobs; we have some relationships that work; we are well fed; we avoid penury and destitution. We can take comfort in modest achievements. But for many people there is a nagging feeling that they could have done much, much more with their lives and careers. They know that their talents are mostly undeveloped. So what is that is stopping you right now from making a much greater contribution to society? What is that is preventing you from fulfilling your potential?

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    1. You do not have enough belief in yourself. All successful people have enormous self-belief. They know that they have something special to contribute and they are determined to make their mark. This does not mean that they are arrogant, narcissistic or complacent. On the contrary, they are self critical and push themselves hard because they know that they can achieve more. What is it that is special about you? What is the talent that you have not developed? What do you know you are capable of?

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    2. You do not measure yourself against written goals. It is hard to make progress if you have no clear goals for your life. Most of us muddle along from one thing to the next. Successful people define their objectives and measure progress against them. You should set yourself targets in the areas that are important to you e.g. career, wealth, health, relationships and social life. There are many books giving detailed advice on goal setting and they reinforce the point that the most important thing is to write your goals down and track progress. If you do not achieve some of the goals then reset them. You can be flexible and adjust how you move forward but you must keep moving. Do you have written objectives that you track regularly?

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    3. You are too comfortable where you are. It is easy and natural to settle into a rut. Why try something new when you are already doing that you are good at? High achievers go further. They take risks. They move out of their comfort zones. They take on difficult challenges. They push themselves to acquire new skills and to face new examinations of their abilities. This means that they run the risk of failure. Where are you right now – inside your comfort zone or taking risks?

    4. You are lazy.
    Either that or you waste a lot of time every day on low value activities.  Thinking and planning are great but it is action that leads to success. It is only by doing things and doing the right things that you change the world. If you have clear goals but are not making progress towards them then look at your activity level. If you are a writer are you writing enough? If you are a salesman are you selling enough? If you are a leader are you leading enough? Great sportsmen and musicians practise for hours each day. Picasso painted over 20,000 pictures. Persistence pays dividends. How high is your work rate? And how much time do you waste on activities that do not advance you towards your objectives?

    5. You are not mixing with high achievers. Let’s face it – your friends and family are really nice people but they are not challenging you to achieve more. Spend more time with high flyers and positive thinkers who understand ambition and achievement. Share some of your thoughts, dreams and challenges with them. They will encourage you and give you the direct advice you need. How much time are you spending with really successful people?

    The person who can motivate you, change you and get the most out of you is in the mirror. Build your self-belief. Set yourself clear goals and measure progress against them. Push yourself outside your comfort zone. Take on some difficult challenges even though you risk failure. Significantly increase your work rate. Mix with high achievers. Ask yourself this – do you want a safe, comfortable existence or do you want a life where you achieve something really worthwhile?

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    Paul Sloane

    Professional Keynote Speaker, Author, Innovation Expert

    How to Get Rich: 11 Bold Moves That Guarantee Wealth How to win Arguments – Dos, Don’ts and Sneaky Tactics How to be a Brilliant Conversationalist Think Laterally Write A Killer Resume In Seven Easy Steps

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    Last Updated on June 22, 2018

    How to Nix Your Credit Card Debt in Less Than 3 Years

    How to Nix Your Credit Card Debt in Less Than 3 Years

    Debt is never a fun thing to be in. But, there are many actions that you can take that will help you rid yourself of the burden of debt once and for all.

    By coming up with a set plan, eliminating your debt can feel much easier than constantly thinking about it.

    This post will provide some tips on how you can do this to help you nix your credit card debt in less than 3 years.

    Hint: there are ways that are easier than you think.

    1. Consider consolidating multiple credit cards if possible

    This may not be applicable to you, but if you have multiple cards – it is something to consider. Keeping up with multiple bills is time consuming.

    It will depend on the balance you have on each. Consolidate ones you can but do not do it to the point that you get too close to the maximum limit. Also, it is ideal to pick the card with the lower interest rate.

    Consider if there are any fees or alternatively, rewards, with transferring a balance to another card. Watch out for fees. Note that some cards offer rewards for transferring a balance to them. This is extra cash that can help go towards paying off your debt.

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    Having one or two cards can make nixing your debt much simpler than keeping up with the balance of a bunch of cards. Keeping track of paying the minimum towards a bunch of cards is time consuming. Spend the time to consolidate instead to make the overall process simpler going forward.

    My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.

    Why do I suggest doing this? Having one thing set to auto-pay is one less thing to think about. One less thing to waste time on. Same idea with consolidating to one main card. Tracking down too many is a hassle.

    2. Try to pay the full balance you spent each month at the very least

    You need to pay off the amount you are spending each month when that bill comes in. This is the amount you spent THAT month.

    Do not let the debt keep accruing while you work on paying any unpaid debt that has accrued. It will become a never-ending battle. Try as best as you can to be current on paying for each month’s expenses when that month’s bill comes out.

    If this is a strain, consider why. You may need to cut expenses. Or you may need to consider other cards. Or look at where this money is going.

    3. Pay extra when you can – every small amount counts

    This cannot be emphasized enough. If you are looking at a lot of credit card debt, it can look daunting, but each extra amount that you can put towards the debt will really add up – no matter how small it is.

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    It does not just reduce the principal amount that you have left to pay off, but it reduces the amount that is collecting interest. You will always save money with that reduced interest.

    4. Create a plan on how to pay extra

    Back to the main point, having this plan is giving you one less thing to think about.

    This plan should be a plan that works for you. If it does not work for you, your spending habits, and your views on debt, then it will not be an effective plan.

    For instance, if a set plan of an extra $50 (or another amount that you know you can afford) works for you, then do that. Set that aside every month and pay that extra amount. Treat it like a bill. Choose an amount that works for you and pay it like clockwork as though it was a bill you had to pay each month.

    Little amounts will not nix it entirely, but they will help tackle it and having a set plan can make it less of a chore. Creating a new plan of how much to put towards it each month is an unnecessary added stress.

    5. Cut out costs for services you do not use

    If you are signed up for subscriptions that you do not use because of some free trial or for some other reason, cut it out. Your overall financial position will look better.

    In turn, that will make cutting your credit card debt easier. Look at your statements to find these expenses. If you do not use them, you may forget you are paying some unnecessary amount each month. Cutting it out can really add up in savings that you can put towards other needed expenses.

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    6. Get aggressive about it

    Consider these points:

    Depending on the interest and the level of debt, you may need to give up a few indulgences. For example, instead of ordering delivery or going out to eat, cook at home. Everything adds up.

    Other things may be more of a sacrifice. It may be a trip you wanted to go on, or a daily latte habit you’ve picked up. In these instances, consider how important it is to you and if it’s worth the sacrifice. And if it is a costly expense, think whether you can wait to indulge.

    Cutting an extravagant expense can really help make a dent in your overall debt. Try not to add to debt when you are trying to pay it off. It will be a never-ending battle. Make it less of a battle with these tips and it will feel easier.

    Bottom line: Do what you can to make this process easier for you. Implement steps that do this. It takes time now, but will help overall. Also, keep track of your spending and paying down of your debts. Which is the next point.

    7. Reevaluate your progress at set intervals

    Doing a regular check-in can help you see your efforts pay off or maybe indicate that you need to give this a bit more effort. If you check every 3-6 months, it will not feel so much like a chore or feel so daunting.

    By doing this, you will be able to better understand your progress and perhaps readjust your plan. Bonus: if you see it pay off, it will feel great to do this check-in. You will get there.

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    Finally (and most importantly)…

    8. Keep trying

    Do not get discouraged. Pushing it off will make it worse. Just keep trying.

    Once your debt becomes lower, each monthly payment will reduce the balance more. Why? You are paying less towards interest. It will be a snowball effect eventually and it will become much easier to manage. Just get to that point. And know once you do, it will feel easier and motivating.

    Start knocking out your debt today

    The best way to eliminate debt is to get started right away. Begin by implementing the above steps and watch your debt just melt away. Try out some of the above strategies and see what works best for you. Soon you’ll be on your way to a debt free life.

    Featured photo credit: Pexels via pexels.com

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