Success doesn’t happen by accident whether it is on the athletic field or in the financial arena. Although life may seem unfair, we all have the ability to maximize our talents, tools and resources to create the greatest financial outcome for ourselves possible. Some people seem to make it look easy; gliding through life with one financial success after another while others constantly struggle, rarely accomplishing the smallest financial goal. Having a long history of athletic success in track, football and martial arts as well as financial success in business and investing, I have been able to identify four distinct personality types that are consistent with the amount of success that people achieve. I don’t believe that you are stuck in any type. I believe with knowledge, skills and effort you can ascend to the highest level of success. The four types are Losers, Players, Winners, and Champions. I have described them below:
LOSERS
Don’t realize that they can determine the outcome of the game. They have no clue as to what the rules are. They just go with the flow and unhappily accept whatever happens. They often complain about the game being unfair, and make excuses why they can’t win. They don’t even bother trying to compete since they believe they are doomed from the start.
PLAYERS
Realize that they are in the game, but lack sufficient knowledge of the rules and skills to win. They want to win, but rarely do consistently. They fail to study the game or their competition and put little effort into perfecting their skills. They rarely seek to compete in tough arenas that bring greater rewards because they fear losing. They would rather accept a small victory than to take a chance and lose a big game.
WINNERS
Try harder than the others to win. They put in an enormous amount of personal effort to win. They try to understand and master every aspect of the game. They take personal responsibility for their wins and losses. They win more often than they lose, but are always one step short of being a champion.
CHAMPIONS
They make the game look easy. They win consistently. Even when they lose, they bounce right back seemingly stronger than before. The champion plays to his/her strengths and supplements his/her weaknesses with the resources available to everyone (i.e a great coach, great teammates, and great fans). They understand how to maximize their talent, skills and resources by having a mentor (coach) that can help guide them and develop their skills, a team that compliments their skills (no one can do it alone), and the support of fans (family, friends, etc.)
Everyone has the same opportunity to succeed financially, but you must first learn the rules of the game. I have briefly outlined the basic rules below:
Rule #1 - You must realize that you are only limited by your own beliefs.
If you do not believe that you are capable of the highest levels of success, it is impossible to make it happen. You cannot accomplish what you do not believe is accomplishable.
Rule#2 - You must commit 100% to victory.
The commitment to victory starts long before the actual competition.
Rule#3 - You must have a powerful strategy.
It takes more than just desire and skills to win. It takes a well thought out plan based upon thorough research of the arena that you are in, your competition, your strengths, weaknesses and the likelihood of success.
Rule#4 - You must recognize your strengths and weaknesses.
Make an honest assessment, without judgment, of your strengths and weaknesses. No one is strong in every area. The quicker you can identify what you are working with, the quicker you can ensure a course for victory.
Rule#5 - You must supplement your weaknesses with the strengths of others.
Play to your strengths and supplement your weaknesses. Having a solid team that compliments each other’s skill sets is critical to your success. You do not need a group of people with the same skills that duplicate efforts. Find teammates with different skills but with a common goal.
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