Good Habits Take the Grind Out of Grit

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Grit is just another word for persistence. Persistence, above all else, is the main secret of all success. Never quitting on a dream is the definition of persistence.

But being persistent requires that you grind it out. You must do certain things every day that move you closer to realizing your dreams and your goals. This is where habits come in. Good habits automate the success process. Because they’re automatic, unconscious behaviors and thinking, they take the grind out of the pursuit of success. They make you automatically persistent, without the need to rely on willpower. Automating success by adopting good success habits means you don’t have to grind it out, willing your way forward every day. Habits made success easier because they enable you to grind it out without really feeling like you are. Good habits take the grind out of grit.

Never Lose Faith in Your Dream

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One of the lessons I’ve learned from studying self-made millionaires is that dreamers are almost always on their own in the beginning phases of pursuing a dream. It’s very hard to find individuals who buy into your dream and are willing to stick it out. Pursuing a dream is all risk. There is no guaranteed payoff and the effort requires an enormous investment in time, and sometimes money.

Finding individuals who buy into your dream is difficult because pursuing a dream is hard work, involves risk and requires persistence and patience. It is a rare breed of individual who will stick with you during your journey. You read about them in books. They have names like Paul Allen (Bill Gates partner), Steve Wozniak (Steve Jobs partner), Charlie Munger (Warren Buffet’s partner), Jamie Dimon (Sandy Weill’s partner) and Todd Wagner (Mark Cuban’s partner). These were apostles who never quit on their famous billionaire dreamers.

Don’t lose faith when people quit on you. Keep working hard every day, pursuing your dream, even when you have to go it alone. Dreamers change the world. And when you experience success, your loneliness ends.

Emotional Pain Can Be a Catalyst for Life Changing Growth

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Think back to the worst emotional pain you experienced in life. Loss of a loved one, broken heart, business failure, getting fired from a job, divorce? Whatever it was that took your legs out from underneath you very likely altered your behavior. It caused you to reevaluate your life. It caused you to engage in some very deep thinking which probably led to some major changes in your life. Were they positive or negative changes?

I’ve learned so many things from studying the habits of self-made millionaires and those struggling with poverty. One of the lessons I learned is that these millionaires had developed a “positive reaction habit” to negative events. Painful events became catalysts for growth. Every mistake, every failure, every heartbreak was fuel for growth. For these millionaires, negative events resulted in positive change. They evolved and became successful.

Conversely, those struggling with poverty developed a “negative reaction habit” to negative events. Painful events became catalysts for isolation, depression and retreat. They devolved and struggled in life.

Emotional pain can be the best thing that can ever happen to you. It can spur you on to improve your life. I inadvertently stumbled onto the “positive reaction habit” when I was nineteen. A girl broke my heart. I moped for weeks, isolated myself from my friends and family and retreated. Then one day one of my friends, Doug Savino, got fed up with my depression. He looked me straight in the eyes and said “man up Tom. Stop crying about it. Show her what a mistake she made in dumping you.” What happened next changed my life forever. I threw myself into weight lifting, school and work. I gained fifteen pounds of muscle in less than a year, took my college grade point average from 3.1 to 4.0 within two years, got on the Dean’s List, worked more hours, which increased my income that I then used to pay for college, thus reducing the amount of student loans I needed. In short, I transformed myself from ordinary to extraordinary. All because someone unknowingly taught me the right way to react to emotional pain – use the pain as a catalyst for growth.

Over the past five years, post-study, I’ve thought a lot about this story of mine. That heartbreak mobilized me because my reaction to it, thanks to Doug, was to grow in a positive way. Most, unfortunately, have never developed the “positive reaction habit”. As a result, they allow themselves to collapse under the weight of their mistakes, failure and heartbreak. They fall into depression. They put up barriers. They devolve. That’s bad.

You will make mistakes, you will fail and you will experience heartbreak. But how you react to those emotional events is what will separate you from everyone else in life. Will you react negatively and devolve? Or will you react positively and evolve? Only you can choose how you react to emotional pain. You must make a habit of reacting positively to emotional pain in order to grow and evolve.

 

Good Goals vs. Bad Goals – Not All Goals Are Created Equal

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You hardly ever hear anyone talk about goals in a negative context. Goals are almost always perceived to be good. But there are goals that add no real value to your life when achieved yet consume valuable resources. So, how do you know when a goal is good or bad?

Good goals create long-term happiness when achieved. They allow you to grow as an individual and alter your behavior in a positive way. An example of a good goal would be to lose 20 pounds. Setting a weight loss goal often involves a daily regimen of exercise, healthy eating and encourages a healthy lifestyle. Good health results from exercising and eating right. It may also motivate you to moderate your consumption of alcohol or to quit smoking. When the weight eventually comes off you enjoy the compliments, feel healthier and all of this creates lasting happiness.

Bad goals create short-term happiness when achieved. They do not help you grow as an individual, they do not produce long-term benefits and, as such, do not result in long-term happiness. An example of a bad goal would be to own a Ferrari. In order to own a Ferrari you must make more money. Making more money will likely involve either more work or taking excessive financial risk (i.e. gambling). There’s a cost-benefit to working more – you see less of your family. Don’t misunderstand me here. Working more to make more money can be a good thing. But where the goal goes south is when you then use that money to buy stuff, like a Ferrari. The happiness you derive from owning more or better stuff will fade over time, since happiness derived from buying stuff is always short term. You will eventually revert back to your genetic happiness baseline and, after a few weeks, the Ferrari will no longer create lasting happiness. The lost time with the family, however, can never be recouped. If the goal, instead, was to judiciously invest that extra money you earned into a calculated risk, such as a side business, an investment or a vacation home that would enable you to spend more time with your family, then it transforms the “work more/earn more” goal into a good goal.

The benefits of achieving a goal should create some long-term benefit or result in long-term happiness: more time with the family, more personal growth, financial independence, improved health, etc. When the achievement of a goal is to buy more and better stuff, it’s a bad goal. It’s a wasted investment. Be careful of the goals you pursue. Not all goals are created equal.

What Would the Future You Do?

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Success is a process. A big part of that process requires that you create a blueprint of your future life. 500 words is all it takes. 500 words that describe the ideal, perfect future life you desire. When you know where you’re going, it’s much easier to find a route to get there. This is where the abundance of the subconscious mind comes in to play. When you develop this blueprint of your ideal, future life you are effectively turning on the switch to your subconscious mind. To be more specific, you are turning on the switch to something called the Reticular Activating System (RAS), an area of the brain that acts like a traffic cop for all of the information we take in from our senses. This RAS, when turned on, then goes to work seeking external information that will help guide you to the route you need to take in order to arrive at your ideal you destination.

Your blueprint can also act as a guide, directing you in your behavior and decision-making. Through intuition (the subconscious mind communicating with the conscious mind through a bundle of nerves inside the brain known as the corpus callosum) the subconscious can advise you of the correct course of action or to stop what you’re doing. With a blueprint in hand, intuition is a powerful tool unique to humanity. Without a blueprint, intuition has little value.

If you really want to succeed and live a meaningful life it begins by defining who you want to be in the future. Your future you can then come to the rescue. With a  blueprint, you are directed in your actions and choices by the future version of yourself. Your future you then becomes an invaluable resource. It can advise you what to do when faced with obstacles and difficult choices in life.

Tip o’ the Morning to Ya – Power of Persistence

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Rich Habits Word of the Day

Tenacious – Persistence, never give up. Tom was tenacious in his desire to go to graduate school and eventually realized his goal.

Rich Habits Fact of the Day

Battle of Britain – The longest aerial campaign ever. The Royal Air Force relentlessly defended Britain against the German Luftwaffe. After 4 months of this relenting defense the Germans decided not to invade Britain and shifted their sights to Russia, thus ending the Battle of Britain and changing the outcome of the war.

Rich Habits Lesson of the Day

62% of the wealthy are focused on their goals every day. 80% are focused on achieving at least one goal. 55% of the wealthy in my study spent a year or more working toward some goal. Persistence is sustained effort toward a goal or your Chief Aim in life. Most people lack persistence and it is the reason most are not wealthy. A lack of persistence is the main cause of failure in life. Wealthy people have this Rich Habit of Persistence. They simply never give up. They are obsessed with their goal or Chief Aim in life and will not stop until they achieve their goal or realize their Chief Aim in life.

Tips to Help Your Children Learn the Value of Money and Build Credit at the Same Time

I do not believe it is wise to help your child build credit until they have secured steady employment, such as a part-time job. Children need to first learn to appreciate how hard it is to earn income. This helps them associate work with money. Only after this association takes place is it wise to place a credit card in their hands. It’s putting the cart before the horse. Once your child has secured a steady part-time job I would do the following to help them learn the value of money and build credit:

1.      Open up a checking or savings bank account. Make your children deposit 20% or more of their earnings into this account and

2.      Open up a Private Label credit card for your child (Sears, JC Penny etc.). This helps them build credit and minimizes the risk of abuse on the credit card since these cards typically have lower credit limits than traditional Master or Visa credit cards. or

3.      Provide your child with a credit card where you, the parent, are the main card holder. American Express Gold and Platinum will issue credit cards to multiple users under one umbrella account. The child’s card is reported to the three credit bureaus even though the child is not legally responsible for the credit card.

4.      Need Verses Want – Teaching your child the difference between a need and a want is important. As parents we want to provide for the needs of our children. Food, school supplies, clothing, to an extent, are all examples of needs. A new iPad, iPhone, movie or concert tickets and fashion items are all wants. Making your child pay for their wants helps teach them the value of money, importance of savings as well as good spending habits.

 

About Tom Corley

Amazon #1 Bestselling Author Tom Corley understands the difference between being rich and poor… At age 9 his family went from being multi-millionaires to poor in just one night.

Tom spent five years studying the daily activities of 233 wealthy people and 128 people living in poverty. Tom discovered there are vast differences in the daily habits of the two groups. During his research he identified 149 daily activities that separated the “haves” from the “have nots.The culmination of his research can be found in his #1 Bestselling book, Rich Habits – The Daily Success Habits of Wealthy Individuals (www.richhabits.net).Tom is a CPA, CFP and holds a Master’s Degree in Taxation and is President of Cerefice and Company, CPAs.

Tom has shared his insights on Tne Dave Ramsey Show, WABC, WCCO, KOA, KDKA, and KKOB and more than 1,000 radio stations in the U.S., Canada and Australia, a host of print media publications and many TV shows including Yahoo Finance’s Financially Fit with award winning host Farnoosh Torabi(Today Show, Kelly and Michael, The View).   

Tom’s number is 732-382-3800 Ext 103.  Email: TOM@RICHHABITS.NET

Media Kit: http://richhabits.net/rich-habits-buzz-media-kit/

Tip o’ the Morning to Ya – The Importance of Focus

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Word of the Day

Sedulous – Diligent. Her sedulous attention to her goals is why she is so successful in life.

Rich Habits Fact of the Day

George Brett as the first major league baseball player to win a batting title in three different decades (1976, 1980 and 1990). Brett was known for his intense focus.

Rich Habits Lesson of the Day

Focus does not just happen. It is the byproduct of an intense passion that is created the moment you identify your chief aim in life. When you find your main purpose in life, your chief aim, you are filled with an intense passion and this passion gives you the ability to focus on achieving your chief aim in life. You know you are focused when you think about your chief aim in life every waking moment. When your chief aim in life becomes your obsession you cannot fail to realize the goals that you create in order to realize your chief aim in life. Focus allows you to overcome all of the roadblocks that life puts in your way. Focus allows you to become better, create new abilities, skills and facilitates the manifestation of the creative solutions that will overcome all obstacles that are between your old reality and your future reality.

About Tom Corley

Tom Corley is a #1 Amazon Bestselling Author. Corley understands the difference between being rich and poor… At age 9 his family went from being multi-millionaires to poor in just one night.

Tom spent five years studying the daily activities of 233 wealthy people and 128 people living in poverty. Tom discovered there are vast differences in the daily habits of the two groups. During his research he identified 149 daily activities that separated the “haves” from the “have nots.The culmination of his research can be found in his #1 Bestselling book, Rich Habits – The Daily Success Habits of Wealthy Individuals (www.RichHabits.net).Tom is a CPA, CFP and holds a Master’s Degree in Taxation and is President of Cerefice and Company, CPAs as well as the CEO of The Rich Habits Institute, an organization dedicated to Rich Habits training and rich Habits education learning sessions.

Tom has shared his insights on The Dave Ramsey Show, Marketplace Money, WABC, WCCO, KOA, KDKA, KKOB and more than 1,000 other radio stations in the U.S., Canada and Australia, a host of print media publications and many TV shows including Yahoo Finance’s Financially Fit with award winning host Farnoosh Torabi(Today Show, Kelly and Michael, The View).   

Tom’s number is 732-382-3800 Ext 103.  Email: TOM@RICHHABITS.NET  Media Kit: http://richhabits.net/rich-habits-buzz-media-kit/

Tip o’ the Morning to Ya – The Mirror Strategy

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Rich Habits Word of the Day

Accede – Agree, consent.

Rich Habits Fact of the Day 

Battle of Salamis – Greek naval victory over Persia. 300 Spartans battled relentlessly keeping the Persian army at Thermopylae while the Greek Navy maneuvered behind the Persian Navy and destroyed them.


Rich Habits Lesson of the Day

The Future Mirror Strategy:

In my 5 year study of the daily habits of the wealthy and the poor, I uncovered an interesting strategy the wealthy used to reinvent themselves and change their lives. I call it the Future Mirror Strategy. Imagine for a moment that you are a writer and you are tasked to write a biographical chapter about the future you. Include in this chapter everything about the ideal future you. Include things such as what you do to make money, describe the house you live in, the town you live in, the car you drive, how much money the future you has in the bank, what the future you does for fun, the vacations the future you takes, the people the future you associates with. Leave out no detail. Include a timeframe, a date, for this new reality to be realized. The Future Mirror Strategy is your personal business plan. Review this biography at least once a week and focus on the future you. The law of attraction is real and will work to bring into your life those things that the future you possesses. There is nothing mystical about this strategy. 5/6ths of our brain is made up of the subconscious mind. This is the part of the brain that controls our breathing, heartbeat, the flow of blood etc. Scientists are only just beginning to realize the unlimited potential of our subconscious mind. We still do not understand how it does what it does. The Future Mirror Strategy simply taps into the subconscious mind and set it to work. It begins immediately to execute your personal business plan and the byproduct is the realization of the future you

 

Tip o’ the Morning to Ya – Aim For True Happiness And Accomplishment

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Rich Habits Word of the Day

Convivial – Happy, cheerful.

Rich Habits Fact of the Day

An individual blood cell takes about 60 seconds to make a complete circuit of the body.


Rich Habits Lesson of the Day

Passion and Your Chief Aim in Life:

You know you have found your Chief Aim in life when you are unable to stop yourself from engaging in the activity that is your Chief Aim. You become obsessed about your Chief Aim and pursue it with all of the available free time you have. Your passion for achieving your Chief Aim in life is so strong that it overwhelms you. When you find your passion for something, you know you have found your Chief Aim in life. It may be writing a book, a song, painting a picture or starting a new business. Passion is the byproduct of doing something creative as your Chief Aim in life. When we are creative, passion flows into every fiber of our being. Human beings are creative by nature. We are happiest when we are passionately pursuing something creative and this creative activity is our Chief Aim in life.