What makes you successful?
It is not just hard work...
If that's true, construction workers would be the wealthiest people in the world. Waiters and truck drivers work harder than the owner.
The most scientific psychometric personality test is called Hexaco. So Hexaco tests you on 26 facets of your personality. And one of them's called conscientiousness. It's been proven over and over by scientists conscientiousness is the most correlated with business success. Then it divides into 4 sub facets:
So the real truth - hard work is 25% of the formula. Diligence is known in the common language as hard work. If you think that diligence alone will get you success you're like a basketball player that thinks you'll play in the NBA because you could shoot free throws. But NBA is not all about free throws. There is scoring, defense, free throws, rebound, assists... There are a lot of components. So the other three you have to get good at.
The first one is perfectionism. You have to know how to double-check your work. It's that simple. It doesn't mean you're always a perfectionist but it means when it's important. When you're a pilot of an airplane double check before you go. If you get on a plane you hear the pilots double-checking the co-pilot going:
And co-pilot goes:
And that's why planes are one of the safest ways to travel.
And it's called six sigma. It's 3 defects per million. Your goal in business and in life on the important things is to make three mistakes per million transactions and the only way you do that is by being a perfectionist in terms of double-checking so that's 25%.
The next one is organization. I can't tell you how much better your life could be but anyone reading this could improve by writing down the tasks you need, plan, hope to do every day. If you wake up every single day and you take 10 minutes to do that your life will change. It can be as little as three main tasks you want to get done that day. So organization is the other 25%.
Then you have diligence which is hard work hustle and perseverance. But the last one is the kicker. The rewiring that has to happen.
The last one is something scientists call prudence. Prudence is the ability to make the right decision. Let's say our goal is like that window in your room. Let's assume that's north. So I have this compass in my brain and my goal is to go right there. Let's say it's a mile away. What happens if society, my upbringing in school, wired my compass exactly backward? Let's say I can't see that window but I know I want to go north. So I pull out my compass and it points that way so I just take off walking and I do it in an organized fashion I do it in a perfectionist manner I'm perfecting my steps in my posture. I'm also working on hard work and hustle. I keep walking towards my goal. Well, the truth is if you go south when you should go north you could have gone one mile but the earth is about 24 000 miles in circumference. So you get to walk 24 000 miles and you'll come up on the backside and you will get your goal.
The average person takes 20 years to become a millionaire.
90% of businesses fail within the first five years.
The average American has 60 000$ saved by the time they're about 60 years old. Everybody in America, your parents, everybody you know will be a millionaire... if they live to 160. At 160 years old if you take 60 grand, at age 60, and you give it a decent return on investment of 8-10% you'll be a millionaire at 160.
But the problem - art is long but life is short...