15 Lessons You Can Learn Only From Success (part 1)

1) Success is not random

It takes a long time for people to realize this, but figuring out what you actually want from life is harder than doing what you think you want. Don't underestimate how easily people can trick themselves, so here's a fix. Success is not random. We'll start the list with this lesson because it's a good setup for the rest. Ask yourself these three questions: Have you already decided how you want to spend your life? What are your long- and short-term goals, and how do you want to attain them? If you have the answers to these questions, you can be sure that you're on the right track. But if the answer is "no," it's time to make a change. You can't be successful unless you actually know what you are aiming for. Without goals or a clear direction, you risk getting caught up in other people's plans. When you achieve your goals, it will be simpler to identify the specific factors that contributed to your success. You'll discover that your success was the result of a series of thoughtful choices. Keep in mind that success does not come to people at random, but rather to those who have a clear idea of what they want and are prepared to work hard to achieve it by setting up systems and structures or taking action to live their best life.

2) Specific knowledge, accountability, and leverage are necessary for success.

The first rule of thumb is that successful individuals earn with their minds, not with their time. If you want to be successful, study these three talents. Let's break them down one at a time, starting with specialized information. You can develop specific knowledge by pursuing your natural talents. genuine interest and enthusiasm. We encourage people to pursue higher education, but if you think about it, is your job or school teaching you how to be irreplaceable? No, you learn the same things as everyone else, so in accordance with the law of supply and demand, you are going to earn less specific knowledge, which is frequently technical or creative building specific knowledge, can't be taught or trained nor can it be automated or outsourced. Next is accountability, which is taking risks in your own name and taking responsibility for the benefits and drawbacks of your choices. This is something that successful individuals do instinctively. However, to others, it will appear to be work. With accountability, equity, and the final talent on this list, society rewards individuals who are responsible. Leverage Successful people use leverage to their advantage by developing products with no marginal cost of replication that generate value across time and space. In addition to this, there are other forms of leverage, such as the use of money or labor. Don't undervalue the impact these skills can have on your path to success; instead, do more in-depth research on them since we have only touched on them briefly.

3) Seek wealth not money or status

Money is how we move time and wealth, and wealth is having investments that generate income while you sleep. Anyone can learn how to build wealth. If you know how money works and how to build wealth, you can eventually work your way back up the ladder given enough time. Wealth gives you the freedom to pursue your greatest life goals. Imagine that someone had taken all of your resources and left you penniless on the streets. Status, on the other hand, is a zero-sum game because it is not under your control and can be taken away from you at any time, and because in order for one person to climb the social hierarchy, someone else must fall. Avoid people who play status games at all costs because they will envy you for your success because in their head your gaining value because of their shared efforts.

4) Play the long game

One of the most important lessons that success can impart on you is that if you want to be great, you must be willing to forego short-term gains in favor of long-term success. We know that this is difficult because people are addicted to instant gratification, but are you interested in Building Wealth because that is how most people define success? If so, the key is owning equity. Back to playing the long game: If you don't know what equity is, it's a form of investment that grants you a share in a building or corporation. All gains in life, whether in wealth, relationships, or knowledge, come from compound interest, which takes time. Despite having a net worth of over $100 billion, 90% of Warren Buffett's fortune was amassed after the age of 65. If you consider the long term, you will be less concerned with the effort you are doing today and more concentrated on the reward that is waiting for you at the finish line. This is a crucial suggestion. Work on something you are passionate about or that you actually enjoy if you want to ensure that you don't wander from the long-term attitude. You only have one life; don't waste it.

5) Never let a good idea go to waste.

Stan Lee, the creator of the Marvel comic books, is credited with saying: "If you have an idea that you truly believe is good, don't let some idiot talk you out of it. If you think you have a great idea that deserves your time and effort, don't seek other people's approval. And most importantly, don't sleep on it. If you don't do it, someone else will." The logic behind this adage is that it's not just that taking action increases the likelihood of. Stop overthinking things, make a plan, and take the necessary steps each day to achieve your dream. People tend to believe they have plenty of time to accomplish their goals and ambitions, but this is a fallacy. Successful people take action and accomplish more things because they just Act. Oh, and make sure to write down your ideas as soon as they come to you; don't rely on your memory because you might forget them.

6) Follow your own lane

Walking your own path might seem scary because it is an untraveled road that leads to the unknown, but here's the thing: You won't experience success if you don't feel like what you are doing has any meaning. Study successful people's personalities to learn what they did right and apply that depending on your context. Find your principles and write your own narrative. Conquer the world and leave something worthwhile in your wake; if you do this, you will experience the sweet taste of achievement and fulfillment.

7) Success is a process rather than a destination.

The results will come and they will compound as we previously mentioned in the video success teaches one to become patient and disciplined it rewards you for your hard work and success can be years or even decades ahead. Don't ruin the journey by brushing things off and making silly mistakes you'll end up frustrated and eventually give up success might be years or even decades ahead.

8) Know your destination

Seneca, one of the most famous Roman stoics, put it best: "If a man does not know to which Port he sails, no wind is favorable." Similar to the first lesson we discussed in the video, success teaches people to set goals and work towards achieving them every day. Once they have determined their destination, they should make a plan for how to get there. However, they should not keep this plan in their heads; instead, they should write it down on paper. If they do this, the world will reward them for their efforts.