Each of these lessons is applicable to Life, Business and to Managing your Finances. Master these and you will master life.
1. Know yourself and what situations you can thrive in
Avoid the situations where you have been unsuccessful; Learn from past mistakes and mis-matches. Ask yourself what worked (vs. didn’t) the last time. Look for those things and situations that worked well and seek out more of those opportunities.
2. Be selective about where and how (and with whom) you spend your time (and money)
Managing your time well is a key characteristic of very successful individuals. Be disciplined and protective of your time. KNOW and MONITOR how you spend your time (and money). Cut out those activities (people and expenses) that keep you from fulfilling your dreams.
3. Build Bi-lateral Relationships
Your reputation precedes you; Build valuable relationships through out your life that you can draw on during times of difficulty; Don’t wait until you need help to reach out and develop these relationships. Relationships should be bi-lateral; it’s not just about YOU. Your integrity, credibility and reputation will follow you for life. Protect it!
4. Name your Goals
Identify a goal, name it, claim it, and share it freely. It doesn’t have to be your DESTINY. It can simply be a step toward your dream. It can change over time. People won’t know what you want – or how they can help you - unless you tell them. You will be amazed at the help you will receive and doors that will open when people know what you want and how they can help.
5. Be Selective About Who You Consider Your Friends
Not everyone is your friend. You will have “acquaintances” and “colleagues”, but not everyone is your “friend” OR have your best interests at heart. Friends look out for you, are honest with you, and are supportive of you and your dreams and you of them in return. Friends are hard to uncover in matters of money and even harder to nurture in life. Having “true friends” is critical as rarely can we navigate life without them.
6. Think Half Empty; Project Half Full
Always be thinking of alternatives to your current situation; Ask yourself, “What can go wrong”; (Inward and Outward) over-confidence in any one thing is a recipe for disaster. Be prepared for bumps in the road. Think of alternatives but be careful not to project paranoia. Show confidence BUT not over-confidence. Confidence can be a magnet but too much of it can be perceived as arrogance.
7. Trouble Don’t Last Always
Don’t panic. Stand tall during crisis; Focus on your ultimate goal; When others are scurrying during crisis keep a clear head to navigate the challenge; Expect that life is cyclical; Is a Test. Don’t dwell in the problem; Focus on the solution.
8. Have a Plan B (and C and D)
Not every thing in life is going to go the way that you want. Expect bumps in the road. Every problem has a solution. Think through your options in advance and be ready to execute on at least one alternative solution immediately. If Plan A doesn’t work out, don’t give up, try Plan B.
9. Focus on what you can control
Don’t try to control others, their issues and/or their problems. It is not your job to manage other people’s lives, or their problems or their money. Rather be an example that others can emulate. Be a light for others, but don’t be a crutch for them.
10. Everything in Life Happens for a Reason
It’s hard to see this in the moment but life should not be about regrets. Everything in life is meant for you. Every person you encounter is intended for you. The key is to find the lessons in every experience. That bad boss passes through your life to teach you how to deal with different personalities.