Tag Archives: Behavior

REWIRING YOUR SUCCESS

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BOOK TITLE : REWIRING YOUR SUCCESS:  |  AUTHOR : JOHN QURESHI
Success is not a matter of luck.
Successful people are not just lucky; they make their luck by taking action and persevering through setbacks.
Success is a journey, not a destination.
There is no one-size-fits-all formula for success. What works for one person may only work for one person. The important thing is to find your path to success and to be willing to make the necessary sacrifices along the way.
Success is not about money.
Money is important, but it is not the only measure of success. Successful people also find fulfillment in their work and make a positive impact on the world.
Success is a habit.
Successful people have developed habits that help them achieve their goals. These habits include setting goals, taking action, and never giving up.
Success is a choice.
You choose to be successful or not. It is not something that happens to you; it is something you create.
Success is a mindset.
Successful people have a positive mindset that allows them to see possibilities instead of obstacles.
Success is about personal growth.
Successful people are constantly learning and growing. They are unafraid to step outside their comfort zones and try new things.
Success is about giving back.
Successful people use their success to help others. They know they are not alone and feel responsible for giving back to the community.
Success is about leaving a legacy.
Successful people want to make a difference and be remembered for their positive contributions.
Success is possible for everyone.
You can achieve your dreams no matter where you come from or your circumstances. It takes hard work, dedication, and perseverance, but you can reach your full potential.

10 Lessons from The 80/20 Principle: The Secret to Success by Achieving More with Less
  1. Identify the critical 20% of activities or efforts that yield 80% of the desired outcomes and prioritize them over less important tasks.
  2. Work smarter, not harder. Focus on maximizing efficiency in the tasks that deliver the most significant results rather than trying to do everything.
  3. Streamline processes and eliminate unnecessary complexity to increase effectiveness and productivity.
  4. Develop a strategic mindset by focusing on high-leverage activities that align with long-term goals and objectives.
  5. Recognize that not all decisions are equally important. Focus your time and energy on decisions that have the most significant impact on your goals and outcomes.
  6. Identify and leverage resources, talents, and opportunities that contribute the most to your success.
  7. Embrace a continuous improvement mindset by regularly evaluating and refining your strategies and processes.
  8. Remain flexible and adaptable in the face of changing circumstances. Be willing to adjust your approach as needed to stay aligned with your objectives.
  9. Recognize and mitigate potential risks that could derail your progress toward your goals.
  10. Seek balance and harmony in your life by focusing on what truly matters and letting go of unnecessary distractions or obligations.

Essentialism: The Disciplined Pursuit of Less by Greg McKeown

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Essentialism is a disciplined way of thinking and acting that allows you to discern the vital few from the trivial many. It’s about learning to do less but better so that you can make the highest possible contribution.

Say no to the good so you can say yes to the great.

It’s only possible to do some things, so being selective about what you say yes to is important. Focus on the essential things that will have the biggest impact. Take a close look at your life and identify the things that are not essential. Once you know what they are, eliminate them from your life so that you can focus on the things that are truly important.

It’s okay to say no to requests, even if they come from people you care about. If something is not essential, don’t be afraid to say no so that you can focus on the things that are.

Protect your time since it is your most valuable resource, so please keep it carefully. Don’t let other people steal your time or pressure you into doing things that are not essential.

And it would be best if you took care of yourself. Ensure you get enough sleep, eat healthy foods, maintain close relationships, and exercise regularly. When you take care of yourself, you’re better able to focus on the things that are essential.

Essentialism is a powerful way to live a more meaningful and fulfilling life. It can help you learn to focus on the truly essential things and make the biggest impact.

Jeff Bezos on Amazon Business Strategy,

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Jeff Bezos’ three key lessons for business success.

1. Customer Obsession: Bezos’s relentless focus on customer obsession is legendary. It’s not about revenue; it’s about delivering exceptional value to your customers. Develop a systematic approach to proactively engage with existing customers. Seek out their problems and find solutions.

2. Long-Term Thinking: Bezos’s long-term perspective is a cornerstone of Amazon’s success. You can benefit by ditching short-term tactics and prioritizing long-lasting customer relationships. Building trust and prioritizing your customers’ needs may take time, but it leads to sustainable, fruitful relationships.

3. Data and Experimentation: Bezos champions a culture of data-driven experimentation at Amazon. You should adopt this mindset for better decision-making and innovation. Experiment with new approaches and continually refine your methods based on data-driven feedback.

References:

  1. !https://www.linkedin.com/pulse/emulate-jeff-bezos-sales-success-tory-johnson-kmyuc

Boring Movie and Life

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Imagine going to a movie and watching the main character spend the entire movie squirreled away indoors on their cell phone surfing social media.

You would conclude that the movie was boring, a waste of time to watch, and not worth the price of admission.

Yet, many teenagers and adults alike are doing this daily…creating a boring life for themselves.

So, put down your cell phone and go create the life you dream and desire.

Stop referring to what you could have done and start getting things done, isn’t that why you were born?

Enough of waiting and putting your life on hold, it was meant to be lived, and lived to the fullest!

If you can’t stop thinking about it, it’s probably worth going after, if it is what you are meant to do, then it’s time to let go of your fears and get it done even if you have to do it afraid.

At the end of the day, let there be no regrets, no excuses and no wishes, Let your life be filled with daring adventures, worthy risks, multiple tries, awesome failures, and great accomplishments.

Life is meant to be experienced, put yourself out there, do things you have never done, try things you’ve always wanted to. You won’t be here for long, let the short time you have to live be one that is worth remembering.

In the end, you won’t regret your failures, you will only regret the chances you didn’t take.

Happiness and the Meaning of Life

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According to Frank Martela, a Finnish philosopher and psychology researcher, finding meaning in life boils down to five words: “Make yourself meaningful to others”.

You can do this by opening yourself up to deep connections with others, your community and your passions.

1. Live for yourself, not someone else’s expectations.

It can be hard to live with purpose if you’re going through the motions, burned out, or filled with resentment because you’re on a path that someone else picked for you. Even a meaningful job like being a doctor can feel empty if your heart isn’t in it.

Before you can give to someone else, you have to understand what makes you happy, and start doing more of it.

2. Become an expert and share your knowledge.

One of the best ways to serve others is to find something that meets three requirements:

  • You’re good at it.
  • It excites you.
  • It has a positive impact on others.

Once you’ve found a job or a hobby that makes you feel fulfilled, put all your focus into becoming an expert in it. Then share it with your community.

3. Practice random acts of kindness.

You should strive to do three random acts of kindness a day. It can be as simple as offering a glass of water to the mailman, spending an afternoon with a grandparent, or helping a tourist find their way.

By doing three random acts of kindness daily, you might develop unexpected deep bonds with others as a result. Here’s how:

Helping people doesn’t just feel good in the moment; it benefits your long-term health, too. Studies show that people who give emotional support to their family, friends and neighbors are more likely to live longer.

4. Be a good neighbor.

“Working together to do something that one would not be able to do alone.” This philosophy can be essential for the good of the whole.

5. Embrace quiet time together.

People don’t need to make grand gestures to be an important part of your life. Being together in silence is enough to make individuals feel connected and loved. Sitting silently with someone can be moments of deep meaning and connection.

6. Practice mindfulness.

Being intentional with your thoughts and actions, you can begin to reduce your stress and increase your happiness through consciously focusing on your state of mind.

Mindfulness is focused around being present in any moment, at any time. It’s the human ability to be aware of where you are and what you’re doing  A key to mindfulness is recognizing emotions or situations without any positive or negative judgment. When you observe rather than judge, you can be more purposeful in what you say and how you say it.

Mindfulness has been proven to be an effective tool for reducing stress and anxiety. If you’re one of the 40 million U.S. adults who suffer from anxiety per year, the Anxiety and Depression Association of America (ADAA) promotes mindfulness as a technique for growth, self-discovery and success.

References:

  1. Frank Martela, I’m a psychology expert in Finland, the No. 1 happiest country in the world—here’s the real meaning of life in 5 words, CNBC Make It, June 9 2023. https://www.cnbc.com/2023/06/09/psychology-expert-from-finland-the-worlds-happiest-country-shares-the-meaning-of-life-in-5-words.html
  2. Joanne Coffey, How to Practice Mindfulness, Southern New Hampshire University, October 18, 2022.  https://www.snhu.edu/about-us/newsroom/education/how-to-practice-mindfulness

Successful Investor’s Psychological Mindset

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“Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people.” ~ Morgan Housel, The Psychology of Money

Individuals must understand that there is a psychological mindset that the successful investor tends to have.

The successful investor will focus on probabilities, intrinsic values and safety of margin while letting decisions be ruled by rational, as opposed to emotional, thinking.

Investors’ emotions are their worst enemy.

The psychology of money is the study of our behavior with money. Billionaire investor Warren Buffett contends that the key to overcoming emotions is being able to retain your belief in the fundamentals of the business, and not get too concerned about the stock market price.

Investors should realize that there is a certain psychological mindset that they should have if they want to be successful, and try to implement that mindset. Dave Ramsey has said that building wealth is “20% head knowledge and 80% behavior.”

Value investing mindset

Value investing derives the intrinsic value of a common stock independent of its market price. By using a company’s factors such as its free cash flow, earnings, return on invested capital, and dividend payouts, the intrinsic value of a stock can be found and compared to its market value. If the intrinsic value is more than the current price, the investor should buy and hold until a mean reversion occurs.

Mean reversion is the theory that over time, the market price and intrinsic price will converge towards each other until the stock price reflects its true value. By buying an undervalued stock, the investor is, in effect, paying less for it and should sell when the price is trading at its intrinsic worth. This effect of price convergence is only bound to happen in an efficient market.

The fundamental principle of value investments lies in the ability of the markets to eventually correct to their intrinsic values. Common stocks are not going to remain inflated or bottomed-out forever despite the emotions and irrationality of investors in the market.

References:

  1. https://www.investopedia.com/terms/b/bengraham.asp
  2. Morgan Housel, The Psychology of Money. Harriman House, Great Britain, September 8, 2020.
  3. https://www.amazon.com/gp/product/0857197681/ref=as_li_tl_nodl?

Mindset, Believing and Behavior Matters

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Your mindset is everything. Believe you can and you will! What you believe and think you become. 

Not everyone is going to believe in you and that’s okay. At the end of the day the only thing that really matters is that you believe in yourself. So, it’s essential to believe in yourself and to have faith in your own abilities. “Believe you can and you’re halfway there,” stated Theodore Roosevelt. His words remind us of the power of self-belief.

When we believe in ourselves, we unlock a world of possibilities and potential. It’s easy to get discouraged by the challenges we face, but with a positive mindset and unwavering determination, we can overcome them.

“Champions behave like champions before their champions: they have a winning standard of performance before they are winners,” writes Bill Walls.  Effectively, champions behave and believe they are champions first, and success comes later. They adopt a champion’s mindset.

As in sports, belief and behavior matter with respect to building wealth and achieving financial freedom. Your mindset is everything. When you face challenges with a positive mindset, you open up a world of possibilities. Believe in yourself, have faith in your abilities, stay resilient, and you can accomplish anything.

“Leaders are not made in smooth seas when everything is going well. It’s easy to lead when you are winning. Leaders are made in the storm. No one is born though. Toughness is built in the struggle,” explains Julie Fournier. Neither is building wealth and achieving financial freedom.  Successfully and patiently navigating market volatility and economic turmoil requires a positive mindset, believing wealth and freedom are achievable, and possessing disciplined financial behavioral skills.

“Your mindset is everything. It shapes your thoughts, your actions, and ultimately your life. A positive mindset can help you overcome obstacles and achieve your goals. So, take a deep breath and remind yourself that you are capable of great things!” –  Unknown

What you focus on is what you will find and what you believe you will achieve. Believe in yourself and your abilities, and you’re already halfway to success. Keep pushing forward and never give up!

References:

  1. https://www.psychologytoday.com/us/blog/seeing-what-others-dont/201605/mindsets

Just for Today

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Think and act cheerfully, and you will feel cheerful.

Create your happiness by follow daily program of cheerful and constructive thinking written by Sibyl F. Partridge.

  1. Just for today, I will be happy. This assumes that what Abraham Lincoln said is true, that “most folks are about as happy as they make up their minds to be.” Happiness is from within; it is not a matter of externals.
  2. Just for today, I will try to adjust myself to what is, and not try to adjust everything to my own desires. I will take my family, my business, and my luck as they come and fit myself to them.
  3. Just for today, I will take care of my body. I will exercise it, care for it, nourish it, not abuse or neglect it, so that it will a perfect machine for my bidding.
  4. Just for today, I will try to strengthen my mind. I will learn something useful. I will not be a mental loafer. I will read something that requires effort, thought and concentration.
  5. Just for today, I will exercise my soul in three ways; I will do somebody a good turn and not get found out. I will do at least two things I don’t want to do, as William James suggest, just for exercise.
  6. Just for today, I will be agreeable. I will look as well as I can, dress as becomingly as possible, talk low, act courteously, be liberal with praise, criticize not at all, not find fault with anything and not try to regulate nor improve anyone.
  7. Just for today, I will try to live this day only, not to tackle my whole life problem at once. I can do things for twelve hours that would appall me if I had to keep them up for a lifetime.
  8. Just for today, I will have a program and plan. I will write down what I expect to do every hour. I may not follow it exactly, but I will have it. I will eliminate two pests, hurry and indecisive.
  9. Just for today, I will have a quiet half-hour all by myself and relax. In this half-hour sometimes I will think of God, so as to get a little more perspective on life.
  10. Just for today, I will be unafraid, especially I will not be afraid to be happy, to enjoy what is beautiful, to love, to believe that those I love, love me.

Written by Sybil F. Partridge and printed in How To Stop Worrying, And Start Living by Dale Carnegie, 1951

10 Powerful Quotes ~ “The Psychology of Money”

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“Rich is the current income. Wealth is income not spent. Wealth is hard because it requires self-control.” Morgan Housel

10 Powerful Quotes from “The Psychology of Money” by “Morgan Housel”

  1. “Spending money to show people how much money you have is the fastest way to have less money.”
  2. “Getting money is one thing. Keeping it is another.”
  3. “Be nicer and less flashy. No one is impressed with your possessions as much as you are.”
  4. “You might think you want a fancy car or a nice watch. But what you probably want is respect and admiration.”
  5. “Use money to gain control over your time.”
  6. “Saving is the gap between your ego and your income.”
  7. “Savings can be created by spending less. You can spend less if you desire less. And you will desire less if you care less about what others think of you. Money relies more on psychology than finance.”
  8. “Rich is the current income. Wealth is income not spent. Wealth is hard because it requires self-control.”
  9. “Happiness is just results minus expectations.”
  10. “In fact, the most important part of every plan is planning on your plan not going according to plan.”

https://twitter.com/books_dq/status/1517815934056075264

A few bonus quotes:

“”Be more patient” in investing is the “sleep 8 hours” of health. It sounds too simple to take seriously but will probably make a bigger difference than anything else you do.”

“The formula for how to do well with money is simple. The behaviors you battle while implementing that formula are hard.”

“”Save more money and be more patient” is too simple for most people to take seriously, but it’s the best solution to most financial problems.”

References:

  1. https://www.collaborativefund.com/blog/rules-truths-beliefs/
  2. https://www.collaborativefund.com/blog/$/