The trouble with free advice is that you get what you pay for.
This week we took the offer of some free legal advice. The representative had no rules of thumb, no answers to our questions and just went down a form. Guess what, form filling can be replaced by someone cheaper.
When we moved house the Estate agent put house on Rightmove and that was it. Guess what, putting pictures of something on the internet is not a skill I want to pay a percentage of my house for. This can be done by someone cheaper.
If you don’t care, then you can’t charge. This is the reality of business today.
If you win at gambling the first time, you always think you can get your money back after you lose. If you get bitten by a dog the first time you try to stroke one, you will be frightened of dogs. Until you have enough other experiences to convince you of the contrary.
Just because you keep trying doesn't mean the universe owes you a success. But it doesn't mean that because you failed at everything in life, you will fail at the next thing either.
And keep on trying.
What is the alternative? You weren't put on earth to stay in bed.
Instead why not make it so you cannot fail? No one cares how long it took you to get something. Enjoy getting there.
Eric hip Hop Preacher took 12 years to get a degree but it is not on the degree how long it took - no one cares. Gary Vaynerchuk says he enjoys the process: he will not enjoy the day he actually can buy the NY Jets. Everything I have ever owned, I have enjoyed more looking forward to it, reading about it, obsessing over it, than when I actually get it.
So how can you make it so you cannot fail? Redefine success.
Tim Ferriss, says what would it look like if it were easy. And also, even if I fail, how can I learn something from this. James Altucher aims to get just 1% better every week. Redefine failure for yourself so you cannot fail.
My business cannot fail, because the aim is only to do the process of making a business for my own learning and enjoyment. If no one buys my product, I have still succeeded. If 1 person buys it, I will be ecstatic.
My end goal is to get financial freedom for my family. I need £600k. But even if this takes me until retirement, I have enjoyed the journey along the way and at least I tried to get their quicker.
You don't need in person mentors. Why learn from anyone but the best, and why wait. The best are covered in books. So why settle for someone a little better than you that you happen to have access to, rather than studying past greats?
Similar to why you should not listen to others feedback
This was shown by Napoleon Hill. Imagine what the greats would tell you. Study them. Think.
It is much easier to give advice than to seek it, so why not imagine what someone else would advise you and then do that. You already know the answer, you are just trying to kid yourself
"Just before going to sleep at night, I would shut my eyes, and see, in my imagination, this group of men seated with me around my Council Table. Here I had not only an opportunity to sit among those whom I considered to be great, but I actually dominated the group, by serving as the Chairman."
When the plane goes down and the oxygen masks release, there is a reason why they tell you to put yours on first. Get your priorities sorted. And put them in order of things that cannot look after themselves without your help.
Work on yourself first. Work on your health, mental state, resilience.
Then look after your wife or partner. Then your children. Don't reverse these as they cannot look after themselves.
The same is true for any project or business or art.
As Tim Ferriss says, what is the one thing that if done will make everything else easier or irrelevant?
A self-help book disguised as a book about money. This contains some key principals that could be explained in a book the quarter of the size. But the length is intentional to persuade you to actually take action.
If you read last week's recommendation, then contrast the two and get the best advice. Remember life is a paradox - if you can figure out the best of both then you are on the winning track.
Have you ever been someone's “best boss I've ever had”?
If not why not?
If so, was it because you gave them everything they wanted and let them slack off. Or was it because you achieved something together, because you pushed them to grow, because you cared?
Why is this not a widely-used metric in corporations? Because it is hard? Because the top might not like the answer? Because no one cares?
If your organisation really wants to be famous for people development then why not start measuring it?
An interesting thought exercise for large corporations: Reverse the org chart. Put the people at the bottom in charge and people at the top do the grunt work.
There are people at the bottom that are more capable than you think. And a lot at the top that have been pulled up politically, not on merit. Expose them to the muck and bullets and they might not last long.
Conversely, if you are at the bottom, imagine you were already at the top and the org chart has just been reversed. What would you do to get back on top? What would be your priority?
Need some downtime? Why just stick the TV on and sit mindlessly in front of whatever is on? Why not choose from a variety of curated shorts delivered right to your phone. Hyper is the app that takes the drudge out of chilling.
If you are an accountant, this will flip your mind on assets. For everyone else it will do the same for wealth and education.
Part of my top three books on finances, this is a must read. It has been the catalyst to change people’s lives. At the very least it may change your mind on your next purchase.