Are You Good Enough To Succeed? | Rich Habits Poor Habits Podcast

Have you ever felt that you’re not good enough? Have you wondered why you’re not appreciated or valued for who you really are?

This happens to everyone, even successful business people and entrepreneurs.

But why would wealthy and successful people feel they aren’t good enough?

Something called imposter syndrome can make you feel as if you’re not good enough.

Imposter syndrome causes feelings of inadequacy and self-doubt even in face of evidence to the contrary.

If you’re wondering whether you not you’re good enough, there are questions you can ask yourself to help figure out whether you have what it takes to be successful.

Questions to ask yourself

  • Do you have the skills and knowledge that you need to succeed? If you only have the bare minimum of skills and knowledge, you’ll only achieve the bare minimum of success. Seek out virtuoso skills and virtuoso knowledge.
  • Are you persistent? You’ll need to be in order to succeed. Persistence is not an inherent trait. The most persistent people are passionate about what they’re doing.
  • Do you have an unquenchable thirst for knowledge? Successful people spend a lot of time learning about the thing that they want to succeed at.
  • Are you a risk taker? Some people are too cautious, while others take too many risks. Successful people take risks, but they’re cautious and calculated risks.
  • Do you know what you want to achieve? Successful people know how to focus on the thing that they want to succeed at.
  • Do you have success habits? Whether or not you’re successful depends on whether you cultivate habits that lead to success.
  • Do you have the right team around you? You need experts around you to lead you in the right direction, and you need friends and family to support you. The right people will lift you up and the wrong people will drag you down.
  • Do you have a positive mental attitude? Optimism is a common trait among successful people.

 

Links and Resources:

Michael Yardney

Metropole

Rich Habits Poor Habits

Michael Yardney’s Mentorship Program

Some of our favourite quotes from the show:

“Many people believe that others, not themselves, others are the judge of whether they’re good enough.” –Michael Yardney

“I’ve worked with a lot of high-achieving people who didn’t feel worthy of their success.” –Michael Yardney

“Successful people seem to be continuously wanting to improve themselves.” –Michael Yardney

PLEASE LEAVE US A REVIEW

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Envy the Entrepreneurs

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When you think of successful entrepreneurs, what images immediately come to mind?

Do you see a well-dressed individual surrounded by a posse, jet-setting from one exciting place to the next in private planes, exotic cars and yachts?

Or do you see someone sitting all alone in their sweat pants, behind a desk, computer or stack of books at 5 am in the morning working, all alone?

To the outside observer, the entrepreneur’s journey is invisible. But to the entrepreneur, that journey is real, unforgettable and not at all an easy one.

With some entrepreneurs, their journey towards success makes them feel like they are running at breakneck speed on a treadmill, where, despite their best daily efforts, little to no progress is made.

For other entrepreneurs, their journey feels like a slow walk through hell. A hell in which they must overcome one hurdle after another, one let down after another, one disappointment after another, one problem after another or one rejection after another.

Lastly, there are the entrepreneurs who are consistently ignored. Important people, people with power and influence, don’t respond to their emails, don’t return their phone calls and cancel important meetings at the last minute.

The early stages of being an entrepreneur are like being stuck in a cave for many years, the outside world oblivious to their amazing talents, skills, products or services.

Perhaps the worst part about the entrepreneur’s journey is knowing that, with just a little luck, everything could change in a heartbeat. But that luck, unfortunately, eludes them for many years.

In short, it’s not a life you would wish on your worst enemy, let alone a family member or friend.

So, what keeps most entrepreneurs in the game? What magical superpowers do successful entrepreneurs have that allows them to persist for so many years, before success eventually visits them?

Three things:

  1. Belief in Themselves
  2. Eternal Optimism and
  3. Love For the Work That They Do

Successful entrepreneurs just believe they are good enough, or will become good enough to succeed.

Successful entrepreneurs are optimistic that they will succeed and that all of the hard work and struggle will pay big dividends down the road.

Successful entrepreneurs love the work that they do. That love of work, or passion for what they do, is the source of their energy, motivation and enthusiasm, despite the stifling nothingness or constant hardships they must endure.

So, the next time you see a successful entrepreneur, don’t envy their wealth. Instead, envy their ability to survive the journey.

4 Steps to Changing Your Life

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Success is a process. So, if you want to change your financial circumstances, you need to adopt a financial success process that automates success.

#1 Create a Blueprint of the Life You Desire

The success process always begins with a vision of the ideal, future life you desire. This could be ten, fifteen or twenty years into the future.

That future life is actually the realization of a collage of dreams that forms the picture of your ideal, perfect, future life. Each dream is something very personal that you desire – the ideal job, $1 million in your investment accounts, a vacation home, no debt, good health, etc.

Your dreams must be what You want. Not what others want for you. Putting your ladder on someone else’s wall will eventually lead to unhappiness and a life of drudgery. As Steve Jobs said in the 2005 Stanford commencement address: “Your time is limited, so don’t waste it living some Else’s life.”

Pursue YOUR dreams. Not those of your parents, teachers or some other significant influence in your life.

Below is the process to create a blueprint of the life you desire:

  1. Create a Script of Your Ideal Future Life – Pretend it is ten years into the future and you are writing in your journal. Describe in detail every amazing thing about this ideal, future life of yours. Also, describe your journey over the past ten years – Exactly what happened over the past ten years? Shoot for 500-1,000 words.
  2. Identify Each Dream – Define each specific dream that is a component of your ideal, future life,
  3. Create Goals Around Each Dream – Build individual goals around each dream. In order to realize a given dream, it may require that you accomplish numerous goals. Once you accomplish those goals, your dream will be realized. Think of each dream as a rung on a ladder. Every time you realize a dream, you climb that ladder, dream by dream, until you reach the top. At that top sits your ideal, future life.
  4. Create Habits Around Your Goals – The final step requires that you forge daily habits (goal habits) that, when accomplished each day, brings you closer to achieving each individual goal.

Building new daily habits isn’t difficult if you know what to do. It simply takes time and consistency. Consistency is the key.

#2 Grow Every Day

Becoming that ideal version of yourself requires that you grow into the person you need to be in order to realize financial success. You do that by forging growth habits:

  • Learn everything about your job and the industry you are in.
  • Learn everything about the dream you are pursuing.
  • Learn everything about the people who can help open doors for you – the influencers.
  • Learn everything about significant current events. They might come up in conversation with someone who may be a future door-opener (influencer).
  • Every day, learn at least one new fact related to what you do. Document those new facts. I use a Fact Binder for this.
  • Every day, learn at least one new word. Document your new words. Use them in conversation that very first day you learn the new word. Write down your new words. I use a Vocabulary Binder for this. It’s broken us into various sections: Words to Use in Writing, Words to Use in Speaking, Words Specific to My Industry/Profession. The words we use create perceptions. Being good with words makes you sound articulate and more intelligent. You want others to see you as intelligent.
  • Learn something outside your comfort zone; something that will challenge your thinking and force you to re-evaluate your beliefs. The wrong beliefs will hold you back in life,

#3 Change Your Inner Circle

We pick up most of our habits from those in our inner circle: parents, teachers, family, friends, co-workers, neighbors, mentors, coaches, etc. Those who you associate with frequently will infect you with their habits. For those who desire to become wealthy, it is therefore paramount to associate with individuals who are on the same path you are on.

  • Those on the Saver-Investor Path in my study surrounded themselves with other individuals who shared their smart money habits.
  • Those on the Corporate Climber Path in my study forged Power Relationships with senior executives within their company and/or their industry.
  • Those on the Virtuoso Path will in my study had close friends and colleagues who were also seeking to become the best at what they did to make money.
  • Those on the Dreamer-Entrepreneur Path in my study surrounded themselves only with individuals who helped mentor, encourage and support them during their journey.

The common thread among all of the different types of self-made millionaires in my Rich Habits Study was the intentional, conscious effort they made to associate with like-minded individuals.

In short – choose your path to wealth and then surround yourself with others who are on the same path.

#4 Change Your Outer Circle

Your outer circle includes individuals you do business with and individuals you respect and with whom you periodically seek advice from.

My mission is to share my unique research in order to help others realize their dreams and achieve their goals. If you find value in these articles, please share them with your inner circle and encourage them to Subscribe. Thank You!

Persistence Creates Luck, Luck Creates Success & Success Creates Wealth

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Very few who know, will tell you the truth about success, as an entrepreneur – Successful Entrepreneurs Owe Much of Their Success to Luck

If you are pursuing a dream, running a small business or you are an entrepreneur, much of your fate is in the hands of lady luck.

Luck comes in many forms but it is always an unexpected, unanticipated, unplanned occurrence that rockets you from ordinary to exceptional, from unsuccessful to successful and from a financial Lilliputian to a millionaire.

I learned a great deal about luck from the 177 self-made millionaires who were kind enough to share their stories with me for my Rich Habits Study.

But, I also learned that luck, for those 177 millionaires, was luck they created.

How?

One of the common threads among the 177 self-made millionaires in my study was persistence. They never quit trying, even when success took decades to achieve.

Becoming persistent, therefore, is critical to success, and wealth is just a byproduct of success.

So, how do you become persistent?

Habits.

With habits, feelings and emotions do not matter. How your day is going, doesn’t matter. If you’re not feeling well, or you had a fight with your spouse, you will still engage in your daily habits.

Habits, once formed, take control of your mind and body and dictate what you do on a daily basis.

Habits, by their very definition, are persistent routines. When you adopt daily routines around your business, a dream you are pursuing or goals you trying to accomplish, those habits make persistence automatic.

This is why forging the right habits is so important to success – habits force persistence.

The beauty of persistence is that, eventually, the persistent get lucky – luck is a byproduct of persistence.

And habits create persistence.

Five Factors That Boost Your Life Span

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Researchers at Harvard University studied 123,000 individuals at the age of 50 and followed them until they died.

They found that there were five factors, or lifestyle habits, that contributed to a longer life span. Individuals who possessed these five habits lived a much longer life than those who did not.

  1. Healthy Weight – Individuals who consume fewer calories and have a Body Mass Index between 18.5 and 25. Another way to look at this is pounds per inch:
    • Men – 2.2 to 2.5 pounds per inch of height.
    • Women – 1.9 to 2.3 pounds per inch of height.
  2. Daily Exercise – 30 minutes or more per day of moderate exercise.
  3. Moderate Alcohol Consumption – No more than 1 glass of wine, beer or alcohol per day.
  4. Non-Smoker – Individuals who do not smoke cigarettes.
  5. Healthy Diet – Individuals who consume mostly fruits, vegetables and whole grains and avoid eating red meat, saturated fats and sugar.

Men who had these five longevity factors lived an extra 12 years.

Women who had these five longevity factors, lived an extra 14 years.

The good news is that it is not too late to change your lifestyle and adopt these habits. Doing so will increase how long you live.

Your Miraculous Future is Going to be Amazing

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What happened in the past no longer matters.

Those who become wildly successful all have one common Rich Habit – Future Thinking.

They do not harp on the past – they focus on the future.

They do not beat themselves up over mistakes – they focus on the new education those mistakes taught them and how they will use that education to do it better next time.

They do not focus on what went wrong – they focus on how to fix what went wrong – solutions.

They do not look at the bind they are in – they focus on solutions that will unbind them.

Your past is gone. Whatever your past did to put you in your current circumstances, now is your chance to fix what you can fix.

For the next 12 months:

  • Set goals that make your skin tingle.
  • Pursue dreams that make your heart sing.
  • Build new relationships with people who make you feel good about yourself.
  • Develop some new skill that will make you better and more marketable.
  • Join a non-profit and meet the amazing people who run it.
  • Run, bike, exercise aerobically.
  • Start to lift weights or do hi impact exercises (push-ups, squats, jumping jacks, etc.).
  • Create a vision of who you would like to be in 12 months. Put that vision in writing. Read it every day. Your new vision will put your subconscious into overdrive.
  • Read inspirational books, articles, blog posts.
  • Listen to uplifting music.
  • Develop one new revenue stream.
  • Force yourself to overcome just one fear.

Lastly, look in the mirror every morning and smile because you know something others don’t – you are about to embark on a journey that will transform you into someone who will be better, someone others will admire, someone who you always knew you could be – an amazingly successful, healthy and happy person.

The past is filed away and no longer relevant.

However, the new past you are about to create, your future, is going to be something that will give you great pride. You are about to amaze yourself. You are on the precipice of transforming your life into the dream life you always knew you could have.

You are no longer a prisoner of your past. You are going to create a future that will set you free.

Your miracle is about to unfold.

Believe it! Believe in yourself.

There are those, like me, who believe in you and who are cheering for you.

How to Trick Your Lazy Brain Into Embracing New Year’s Resolutions

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According to a University of Scranton New Year’s resolutions study published in the Journal of Clinical Psychology in 2014, just 8% of those who set New Year’s resolutions stick to them.

New Year’s resolutions are nothing more than habit change.

Why is habit change so hard? [Read more…]

Victims of Our Environment

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You wake up in the morning, meandor into the kitchen, see the coffee maker and you make coffee.

You finish eating dinner, you see the TV, you pour yourself a glass of wine, beer or some alcoholic beverage and begin watching TV.

During your commute to work, you notice the yellow McDonald arches, you pull in and order a breakfast sandwich.

We all develop habits that are triggered by things in our environment.

These triggers eventually become unconscious, meaning you are not consciously aware of them. But, your subconscious is all powerful, and it notices them. Once your subconscious notices an Environmental Trigger, it spurs you on to engage in the habit.

Some of those Environmental Habits are good, some are bad.

If you are unhappy with your life, if your life is not going in the direction you desire, there are obviously many reasons for this. Some of those things are outside your control, but many are completely within your control.

One of those things that have an enormous influence over the status of your life is your daily habits.

The good news is that you have 100% control over your daily habits, meaning you can dramatically improve the circumstances of your life simply by changing your habits.

But changing your habits requires awareness. You must become aware of the habits you have, in order to be able to determine which ones are negatively affecting your life. Those that are, are bad habits.

In my book Rich Habits, I offer a powerful strategy that allows you force awareness and help you identify which habits are good and which habits are bad.

Once you are able to identify your bad habits, then you can take control of your life by eliminating those bad habits that are, in large part, responsible for your unhappy life.

How do you take control of your habits?

One way is to alter your Environmental Triggers in order to eliminate bad habits and forge good habits.

How?

Change Your Cell Phone Reminders

You can change the sounds your cell phone makes and those sounds can become triggers, reminding you to engage in a good habit. The theme from the movie Rocky can serve as a reminder to stop watching TV, get off the couch and exercise.

You can set your cell phone reminders to anything that serves to remind you to engage in a particular new, good habit.

Post Pictures Where You Can See Them Every Day

Every day, millions wake up, head for the bathroom, gargle and brush their teeth.  The bathroom mirror is the first thing many of us see in the morning.

Pictures are effective in forming new habits, but not so effective in eliminating old, bad habits.

If you want to stop eating, place a picture on your bathroom mirror of the figure you desire to have. This will act as a trigger to exercise (new habit), and exercise is one of those keystone habits that affect other habits, such as eating junk food.

You can also download a picture to your cell phone and make it your background picture, something you cannot avoid seeing every day.

Remove Environmental Triggers

If you have the habit of watching TV after eating your dinner, which triggers sitting on the couch and drinking alcohol, put a sign on your dinner table that says “Read” or “Exercise” of “Go For a Walk”.

If your kitchen cupboard is a trigger to snack on junk food, then remove all of the junk food and replace it with some healthy alternatives.

If McDonalds or Dunkin Donuts is a trigger to eat junk breakfast food, then change the route of your commute to avoid seeing those yellow arches or that big donut sign.

Depending on the study, 40% or more of your daily activities are habits. Since habits are a major factor in determining the circumstances of your life, changing them must become a priority, if your life is not what you desire.

You are 100% in control of your habits. But only if you are aware of them and take action to change your habits.

10 Critical Habits the Wealthy Learned From Their Parents | Rich Habits Poor Habits Podcast

The wealth gap is widening around the world.

The rich get richer and the poor get left behind.

But why does this happen?

According to Tom Corley, the gap is really a parenting gap, not a wealth gap.

In today’s episode, we’ll discuss 10 critical habits that the self-made wealthy learned from their parents.

This will help you understand the lessons that you should be teaching your children to help them grow up to be successful.

And if you haven’t yet learned these lessons yourself, it’s not too late to do so.

10 critical habits the wealthy learn from their parents

  • You create your life. Your life is not determined by the government, other people or external circumstances. You are the pilot of your life.
  • Take responsibility when things go wrong. Don’t blame others or play the victim.
  • Respect the law. When you break the rules, people don’t trust you and don’t want to do business with you.
  • Seek your main purpose. Kids should experiment with different activities so that they can find and identify their true talents.
  • Pursue your dreams and goals. Define an ideal future life. This creates clarity and helps you see down the road and focus your attentions.
  • Acquiring wealth is a good thing. Wealthy people help fund charities, build hospitals and schools. They should be looked up to.
  • Work hard for what you want. You don’t have to be born wealthy to attain wealth, but you do need to be willing to work hard for it.
  • Respect other people’s property. You’re not entitled to something that another person has. Don’t expect others to give you anything.
  • Improve yourself daily. Parents of self-made wealthy people teach their kids to focus on growth and knowledge.
  • Use time productively. Don’t waste time on distractions. Use your time to learn and improve yourself. Make productivity a habit.

Links and Resources:

Michael Yardney

Metropole

Rich Habits Poor Habits

Michael Yardney’s Mentorship Program

Some of our favourite quotes from the show:

“We know that mentors, models are really important in life because we learn a lot of our habits, the things we do on a regular basis, from things we see, things we hear, things we experience as a child.” –Michael Yardney

“Clearly, when you make money doing what you love, it leads to a different sort of resilience, it lets you get through the difficult times because all businesses have their ups and downs and challenges. It leads you to your true calling in life. –Michael Yardney

“You don’t have to be born wealthy. Most successful people today, we’re not born that way.” –Michael Yardney

PLEASE LEAVE US A REVIEW

Reviews are hugely important to me because they help new people discover this podcast. If you enjoyed listening to this episode, please leave a review on iTunes – it’s your way of passing the message forward to others and saying thank you to me. Here’s how.

Dangerous Habits

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Did you know that you put your pants on the same way every day? The same left or right leg goes in first. The same thing with your shoes. You put the same left or right foot into the first shoe you put on.

Habits are unconscious thoughts, behaviors or emotions that exist for one purpose – to free up your conscious brain, so you can think.

Did you know that every day many of you engage in some habits that are actually dangerous?

You wake up in the morning and the first thing you do is reach for a bagel to butter to eat with your coffee. Or, right after dinner, without thinking, you spend hours sitting on the couch, watching TV.

Dangerous Habits take time to impair your health, your finances, your job, or your relationships. The effects of Dangerous Habits take many years before they negatively affect your life.

Awareness is the key to putting an end to dangerous habits. That is why in my books, Rich Habits and Change Your Habits Change Your Life, I highlight the importance of spending three days writing down all of your behaviors, thinking and emotions. You need three days in order to see a pattern that occurs during different times of the day. That repetition = a habit.

Only when you make yourself consciously aware of your dangerous habits, by seeing them on paper, can you put an end to them.

What are some Dangerous Habits?

  • Eating junk food every day (cancer, heart disease, cardiovascular disease, diabetes, neurological disorders).
  • Watching TV for hours a day, while sitting on a couch (cardiovascular disease, heart disease).
  • Sitting for hours while engaged in social media or while on the Internet (cardiovascular disease, heart disease).
  • Drinking too much alcohol (cancer, neurological disorders).
  • Spontaneous spending (poverty).
  • Speeding in your car during your morning commute to work (car accident).
  • Using your cell phone while driving your car (car accident).
  • Constant worrying (chronic stress which leads to cancer and other diseases).
  • Anger or other uncontrolled toxic emotions (destroys relationships).
  • Gossip (destroys relationships).
  • Smoking cigarettes (lung cancer, heart disease).
  • Arguing, fighting with others (destroys relationships or can lead to divorce).
  • Sarcasm or making fun of others (destroys relationships).
  • Procrastination (leads to poor work product and loss of trust).
  • Taking drugs (can lead to addiction which damages health).
  • Gambling (poverty).
  • Lifestyle creep (no savings or creates excessive debt, which can lead to poverty).
  • Living beyond your means (no savings or creates excessive debt, which can lead to poverty).
  • Hate (chronic stress, which impairs health).
  • Using credit cards (poverty).
  • Not reading to learn (lack of knowledge, which impairs job performance).
  • No life insurance (puts family at risk of poverty, if you die).
  • Infidelity (divorce, which can lead to poverty).

Become aware of your habits. Eliminate Dangerous Habits. Then, live long and prosper.