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Key Principles for Achieving Success

Sep 19, 2024

21 Principles of Success

Introduction

  • Success attributed to luck, grace, timing, and principles.
  • Principles useful for fast-tracking luck and attracting wealth.

Principle 1: Be Misunderstood

  • Close ones might not see your potential.
  • Success often requires periods of being misunderstood.
  • Be authentically you despite misunderstanding.

Principle 2: Ask Better Questions

  • Asking better questions can lead to clarity and problem-solving.
  • Example technique: the 1-3-1 rule for problem-solving.

Principle 3: Be Resourceful

  • Use creativity and resourcefulness to overcome obstacles.
  • Example: Elon Musk funding Mars colonization through Starlink.

Principle 4: Give to Get

  • Helping others helps reinforce your own achievements.
  • Law of reciprocity: receive in proportion to what you give.

Principle 5: Have Extreme Ownership

  • Take full responsibility for situations.
  • Control what you can (controllables) to respond effectively.

Principle 6: Learn, Do, Teach

  • Continuous learning and sharing of knowledge.
  • Send the elevator back down for others – share your success.

Principle 7: Invest in Your Priorities

  • Align time and money with your goals.
  • Prioritize investments in skills, resources, and networks.

Principle 8: Ask for Bigger Problems

  • Bigger problems lead to bigger growth and success.
  • Embrace challenges as opportunities to develop skills.

Principle 9: Everything is a Blessing or a Lesson

  • Use failures as learning opportunities.
  • Challenges guide you toward your higher self.

Principle 10: Scare Yourself Every Day

  • Set challenging goals for personal growth.
  • Use fear as a signal for where you need to grow.

Principle 11: Be a River, Not a Reservoir

  • Share knowledge freely to build trust and attract opportunities.
  • Marketing can help more people than your product alone.

Principle 12: Praise in Public, Criticize in Private

  • Encourage positive reinforcement and maintain team dignity.
  • Use private settings for critical feedback.

Principle 13: Understand the Four C’s of Leverage

  • Content, Capital, Code, and Collaboration for scaling success.
  • Mastery of these skills can lead to unlimited potential.

Principle 14: Buy Back Time

  • Prioritize time over money for personal growth.
  • Delegate tasks to focus on value-adding activities.

Principle 15: The 10-80-10 Rule

  • Creative projects benefit from initial guidance, delegated execution, and final editing.

Principle 16: The 10x Mindset

  • Aim for exponential growth by adding a zero to your goals.
  • Requires fundamental shifts in thinking and execution.

Principle 17: Four Levels of Luck

  • Pure luck, grit luck, skilled luck, prepared luck.
  • Success attracts opportunities from others’ luck.

Principle 18: Be Blissfully Dissatisfied

  • Appreciate what you have while striving for more.
  • Prepare for future successes by aligning desires with actions.

Principle 19: Make it About Other People

  • Focus on serving others to activate personal success.
  • Contribution over achievement leads to fulfillment.

Principle 20: Think in Decades, Not Days

  • Success requires long-term commitment and vision.
  • Dedicate yourself to goals for the long haul.

Principle 21: There’s No Place to Get To

  • Enjoy the journey and find fulfillment in the process.
  • Self-worth should not be tied to external achievements.

These principles are designed to guide individuals toward achieving success by focusing on mindset, resourcefulness, responsibility, and long-term vision. Implementing these principles can help fast-track success and attract wealth and opportunities.