Usually when people talk about making money in the stock market they don´t think about how to generate passive income, instead they think about capital gains. However, today I want...
How to optimize your mind for success?
That would be a pretty cool thing to be able to do, right?
I mean, if you’re striving for something better than what you have today, and you can choose to put the odds in your favor, it feels like no-brainer to me.
Let’s get started!
The pyramid of success potential
So this is what the statistics say about success rate:
As you can see in the picture above, we have the 3 most common kinds of people and the way they think about the future is pretty different. To some of you this might come as a surprise because many people that start learning about passive income and make the decision to go for it become overly optimistic, myself included.
The (Over) Optimist
The overly optimistic has the lowest level of success rate.
I’m not 100% sure about this but I believe that the majority of people that first hear about (and start out their journey towards) financial freedom do that through Network marketing (Over 100 million people involved worldwide). The problem is that many marketers make it sound so easy and start talking about 6 or 7 figure incomes before they even made a 1 digit income, then transfers that overly optimistic attitude to new distributers. Don’t get me wrong, it’s good to have big dreams and visions but the first step is always to get into action and start making it work on a lower level. When the new distributor starts out their journey he/she thinks that everyone they talk to will follow them on their new found golden path to riches. First thing that happens is that they get a NO, from their closest friend or something. Next they get beat down with something that might feel like a mental sledgehammer, and they stay down. This is a leadership problem and has nothing to do with the company or the system. No business is easy, and it takes hard work and dedication to become successful in anything.
The same goes for overly optimistic people in all other areas. To give you an easy common example – New years resolutions!
How many times have you heard optimistic promises for the year to come that only lasted for a couple of days or weeks?
Many people decide that they want to start exercising, January is ALWAYS the busiest month at the gym. But what happens?
Reality catches people, lack of motivation, lack of time, lack of energy, lack of discipline, lack of making a real decision, etc. Many people are so optimistic that they overdo it, they made the decision and now there’s only one way to do it, 100% action. Getting all the gear, buy a one year gym membership, start crushing it at the gym first week then they feel the pain but don’t see any results and within the first month many quit.
Pessimists are basically the opposite of what optimists are and they usually have a negative view of everything that is new to them. Statistics say that the success rate for pessimists is actually a little bit better than for overly optimistic people, but still bad. My guess is that the amount of pessimists that start something new or work goal oriented is pretty low. A lot of pessimists have a belief that they are realists and paint up a very negative view of the world. They believe that things and the world really is as they look at it.
This is where you want to be if you plan to succeed in what it is that you’re doing. Being realistic is key to getting started and not giving up.
Starting a new business, the pessimist would think, it will probably fail but I can give it a try. An overly optimistic person might think, okay lets rock it, I’m going to make a million dollars in profits within one year.
But the realist would look around and set a goal based on realistic expectations. Making that Million dollars in profits might be realistic but maybe in five years and not one, maybe the realistic goal would be to make 50k in profits within the first year. The realist will also take in the information that is presented to him and adapt to it. A realist will understand that it takes time, patience and new knowledge to reach the goals that he/she desires.
So just think about this for a while, how many times will the overly optimistic person miss his overly optimistic goals before he gives up?
Maybe he/she becomes a pessimist and tries again. Being a realist is the sweet spot area with the best parts of both the pessimist and the optimist.
I personally have been overly optimistic and know many overly optimistic people, overestimating what they can do in a short period of time, then give up and say it doesn’t work.
I also know a lot of pessimists that never decide to start anything because they assume already from the start that it will fail, then spare themselves the trouble of actually doing something.
If you look at things realistically, and set up your goals realistically it’s easier to follow the plan and your chances of success will be many, many times higher!
Combine being a realist with daily mental programming and you have a recipe for success for sure 🙂