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11 Commandments of a Jedi Master
Dream big dreams. All the millionaires I interview have big dreams. They believe they are worth more than a 9 to 5 job and that there is more to life than working forty (or more) hours a week for forty years only to take a forty percent pay cut when they reach retirement. These big dreamers are also willing to risk money and time (reasonable risk) and just go for it. Some of them even risked the farm several times. Do not get me wrong; I’m not asking you to do this, and I’m not asking you to put all your eggs in one basket and hope. However, you might consider taking a few of those hard-earned dollars and trying something new, maybe just part-time at first. Try building a small business, picking stocks or selling real estate for cash. You never know, I might interview you next!
Get out of your comfort zone. We all work in a comfort zone, a specific way of life to which we have become accustomed over time. Unfortunately, these comfort zones often hold us back from what we really want. For years I believed I was worth about $50,000 a year, and during that time $50,000 is what I got. I didn’t know any better, so I continued to work for another person and earned less than I deserved. That’s when I had an awakening and believed that I was worth $250,000 a year. I quit my job and started my own business. Well, I didn’t hit $250,000 that first year – but I did make $245,000 that year! You have to attack your comfort zone. You have to get outside of it; force yourself to do things you don’t like; push yourself to try new things; force yourself to break your bad habits and let go of your limiting beliefs. Push yourself over the FEAR! All successful people recognize the undiscovered planet, the realm of the unknown and unknown. Now it’s your turn to join the ranks of these successful people.
Work smart, it is not difficult. Millionaires tend to work smarter, not harder. Do not get me wrong; they still tend to work 16-hour days, but they use their time much more efficiently than others. They have a better plan for making money and a better plan for monetizing their work. And if they are going to work sixteen-hour days, they want to personally reap the fruits of their labor. Their time is too valuable to spend making money for someone else. Here are some intelligent strategies: Invest in real estate. Small business owner. Make your money make money. Invest in stocks. Manage, but don’t work. Be unique in the market. Find models and mentors who are successful, and model yourself after them. Trade money for time, not time for money!
The quick and the dead. One of the cardinal rules for successful people is “Act!” While you sit their thinking, someone else takes action. People are starting a new business, taking control of their credit, starting online companies, buying new homes or investing in property, cutting their taxes by 50%. Stop analyzing things to death and pass judgement. It’s time for quick action.
Take emotion out of decisions. Face the FEAR! In our culture, we are taught to weigh both sides of a decision. For the most part, that’s good advice. It only becomes a problem when people get caught up in weighing. They spend all their time searching for one more piece of information. They examine him to death – “Should I? Shouldn’t I?” By the time they make a decision, the opportunity is gone. For most people, there is only one reason why they miss out on opportunities – FEAR! You may feel fear of loss, fear of failure or perhaps fear of rejection. This fear is holding you back. It costs you financially and emotionally. In contrast to this mentality, millionaires learn to master their fears, overcome them and concentrate on three simple things: first, investing; second, return; third, the probability of success. If the investment offers a good return, go for it! Even when you are petrified with fear, you just need to take the first step forward.
Total commitment Successful people give everything they have and never say the words “I tried”. Either they get the result they are looking for or they don’t. They never give up on a project. It keeps them up late and up early. They work at their regular jobs 40 hours a week and then put in another 20 hours buying real estate or starting a small business – even when they’re tired. Don’t let it be said about you when you are old and sad that you “missed your dreams because you were watching TV”. All you have to do is schedule some time for success. This can be as little as eight hours a week to begin with, perhaps, every Saturday morning or Monday night (well, maybe Tuesday night during football season). Schedule the time and the results will follow.
Mentors. Mentors are worth their weight in gold. Take my word for it; this has been proven time and time again! Mentors will teach you things you could never learn from a book, self-study manual, video, or website. When I first learned to play golf, I already had experience playing hockey, but I found that swinging the golf club like a hockey stick resulted in a terrible cut to the right. I bought every golf magazine, book and video to correct the problem. I was cheap and didn’t want to spend money on lessons. After much conflict, I decided that I wasn’t the problem – it was the clubs! So, I bought new batons (fire sticks). Alas, those new clubs only helped me drive the ball deeper into the trees. I finally broke down and bought some lessons and on the first lesson the problem was fixed! Immediate feedback, a coach or mentor can quickly put you on the road to success.
A student of success. Millionaires never stop learning. They constantly learn success. They study money, real estate, business and property building. They have a thirst for new knowledge and are the first to buy tapes, books and manuals or seek further training. Several years ago, I documented the purchase of over $81,000 in seminars, training and self-study materials to further my education. I wouldn’t be able to get to where I am now without this. Continuing education is the key to my success and the success of countless others. Invest in yourself first!
Bounce Back Well. Millionaires are by no means exempt from failure. They have losses, but they keep a positive attitude. They say to themselves, “I’ll get them next time. I just have to work a little harder or smarter to get a better result.” They know that all they need is a better plan and remember that a flat ball doesn’t bounce – so they keep it pumped up.
Selective memory. There are no failures, only learning experiences. When successful people swing at a baseball, they don’t remember 66% of the time they miss; they remember 34% of the time when they get hits. They hold their success close and let their failures go. The problem for most people is that they refuse to forget the last time they failed. No wonder they stop swinging the bat. Selective memory is the key to success.
Don’t give up. The character of men and women is not measured by the number of their failures, but by how many times they shake off those failures and try again. Ask Sylvester Stallone whose script for Rocky was rejected over 300 times! Ask Edison who made more than 10,000 (no, that’s not a typo – TEN THOUSAND) attempts to invent the light bulb. Ask Lincoln who failed a dozen times while trying to gain political office. Success is just a decision and a step away! Never give up, and you will stay on the path to prosperity.
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