Cultivate self-awareness. Make yourself do this. Actively seek feedback and help. See failure as learning. Resilience : This is the quality that enables one to bounce back when knocked down by life. It helps us to endure and thrive. In a disruptive world, coping with stress and catastrophe are vital, as adversity and new challenges become mainstays of life. Resilience is important in personal life and business.
Take a quick test to see where you stand on three key attributes of resilience: challenge, control and commitment. Learn to make the mental shifts necessary to identify the upsides and not just the downsides of a difficult situation. Grounded optimism : Optimism is the propensity to anticipate the best possible outcome. Grounded optimism is where that optimism has a healthy dose of realism and pessimism blended in with it. Grounded optimists are wired to take the positive emotion and convert that into tangible action leading to realistic solutions.
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Optimism can be learned. Martin Seligman , who is considered the father of positive psychology, introduced the concept of learned optimism based on his research on learned helplessness.
Stanford has a survey based on Martin's research to analyse one's mindset — the pessimist-optimist spectrum. Fortunately, there are plenty of resources to help you cultivate it. As we dive deeper into the 21st century shorter product life cycles, breaking business models, competing against machines , IQ alone will not be sufficient to help us adapt.
A healthy dose of EQ emotional intelligence and RQ resilience quotient are critical as we chart our courses. In this world, it isn't how hard you fall or how many times you fall, but how fast you get up that matters. You need to be able to integrate what you know with tons of new information and to be able to quickly connect your understanding with things from seemingly disconnected domains.
This requires embracing all of the learning styles listed above.
It requires breaking past emotional blocks. It requires expanding your sense for what you can do and achieve and contribute. As you grow in your abilities, your sense of what you can contribute will expand.
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As Dr. The more education a person gets, the more empathetic they can become. There is no power in ignorance. Very few people live within their means. Most people, particularly in Western Culture, have bought heavily into consumerism. They live paycheck-to-paycheck. And indeed, living within your means should be the foundation of a healthy financial life. Although having more is certainly not a sin. The problem is becoming absorbed in stuff, trying to keep up, etc.
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Ferriss was later asked during the same interview:. You talked about how you travel the world without spending any money. Talk about the balance and ability to let go of caring about making money. Because money is a really valuable tool. Money is a tool. The more you make, the more good you can do. Rather than fitting your dreams into your current lifestyle, fit your lifestyle around your dreams. Decide what you want. Create a bold vision for your life. Decide how you want to contribute, how you want to live. THEN, figure out the means of making that happen.
We make a life by what we give. There are two reasons to be a giver all other reasons stem from these :. You give because you MUST. You give because you understand the law of abundance. You give because you believe in humanity. When you have a clear conscious, you operate better in all areas of life.
You sleep better and deeper. You digest food better.
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You learn faster. Harv Eker. The sooner you create passive income streams, the better. Thomas Stanley present his findings of one of the largest studies of the American wealthy ever performed. But it cannot be nurtured in an environment that eliminates all risks, all difficulty, all dangers. Most affluent people have courage. What evidence supports this statement? Most affluent people in America are either business owners or employees who are paid on an incentive basis.
Thomas Stanley. Value is what you get. How do you get to passive income? How do you create a sustainable and incredible business? You focus on value, not price. When you focus on value, you can actually charge very large sums of money, because you know people will get at least 10X the value of what they paid for. You do it because you find joy in doing your very best work. You do it because you value the fact that people came to you.
Take this quote by musician, Fergie, for example:. Like, I have my Wet N Wild lip liner. How would that change your work? How would that change the quality you put in? That should be your benchmark. And then you should help them EVEN more. If you want to build an enormous clientele, you also need to give away LOTS for free. But your free stuff should be so valuable that it makes people want to come back for more. And even after people have become paying customers, you should give them lots for free.
Transformational relationships begin with giving, not a transaction. Do transformational relationships involve transactions? Usually far bigger ones than transactional relationships.
But those transactions are done for an entirely different purpose. Not as a win-lose. These transactions usually occur after one or both parties have been abundant benefactors.