Blogger Ramit Sethi raises a point that I often battle with. Aren’t their times where you feel like you program yourself for failure instead of success? Many times we rationalize why we aren’t where we should be.
Instead of making excuses why don’t we just laser focus our attention in getting results? Let’s take action steps and set goals to help us take those steps to continue to reach the New Year’s resolutions, that hopefully we haven’t given up by 1/11/11.
There’s a game going on around you that you don’t even know about.
How many of us go through life without testing our theories? Here are a few of the most insidious:
SCRIPT: “I could make $160,000/year if I just had a law degree.”
REALITY: Going to law school is likely to leave the average student in crushing debt — and law schools are systematically deceiving students. This is why top performers know to only go to top 10 law schools, or they don’t go at all. (The same is true of business school.)
SCRIPT: “Why would anybody want to help me? What would they get out of it?”
REALITY: People LOVE to help people who take action. If some random emails me and tells me his delusional dreams, I’ll probably ignore him. But if he says, “Here’s my plan…I’ll email you back in 2 weeks with results. Then I’m hoping to get some advice after I’ve showed you that I can take action.” I’ll always respond. Who would be willing to help you?
SCRIPT: “I need to read more and more about investing before getting started.”
REALITY: You could set up your investment accounts by the end of the week and contribute $50/month to it — and be better off than someone who spent the next year “researching” their investments. (Note that I’m not saying you should just open up an account and dump your money anywhere. You need to do your research. But you can find out a basic place to invest, and “tune” your contribution amounts and asset allocation over time. I cover this in detail in chapters 3 and 7 of my book.)
Of COURSE there are exceptions to every one of these trends. There are huge successes that go to non-top-10 law schools and end up wildly successful, just as there are entrepreneurs who have hit it big without ever opening an investment account. But if you talk to most top performers, you’ll notice these trends time after time.