You have to take the long view.
It’s that time of the year where we set life altering resolutions but the reality is those changes will not come by summer or maybe even by the end of the year.
I don’t say this to depressing I say it because it’s the truth.
Everyone wants to know what the secret is and the real secret is there is no secret it’s about the grind. So take the long view.
Advantageous divergence, simply put it is when you think you are right the entire world thinks you are wrong.
This is the same concept that led Michael Burry - and we love Mike at the 1% blog - to make his bet against the housing market.
This concept is demonstrated perfectly in this scene.
I love this quote from Theodore Roosevelt.
In a nutshell, it’s saying set your own expectations and be content to achieve things on your own terms.
There will always be someone with a bigger house or bank account or greater success. Coveting what others have will leave you empty and unfulfilled.
We convince ourselves that the new big house or the fancy job title or the big raise is a ladder.
A stepping stone to the life we wanted and expected.
Even deserved.
As you get older you realize these things are traps. They are not ladders. They are prisons.
I am not saying you should not want nice things or pursue lofty goals. Quite the opposite. You should strive for these things.
But, ONLY striving for these things are not ladders to climb to a better life they are prisons that lock us in the perpetual wheel of more-ism.
You are stronger for having gone through your challenge.
You are developing your mental muscles. Or callousing the mind as David Goggins would call it.
You need a plan for when an inevitable crisis hits you.
This is why you have an emergency fund. It is insurance against an unexpected financial surprise.
The money sits in a savings account, ready for use when the inevitable disaster strikes.
You should have a crisis management plan for all areas of your life where black swan evens can and might happen.
The loss of a job, the destruction of property, the cancelation of a vacation or long-awaited plans.
Having not only the resources, like an emergency fund, in place but also have the plan... when X happens I do these five steps will prepare you for the inevitable shock of an unexpected event.
Your MVP is the framework you need to accomplish and complete your goals.
M - Mission
V - Vision
P - Plan
You need a mission, a purpose, for your life. You need to understand this mission in order to set your direction.
After you have your mission, your scaffolding for purpose, you need a vision. Ask yourself what will your life look like next year, in five years, etc.
Then you set in motion a plan.
The plan should be broken down to actionable steps you can take daily that meet a weekly objective or action plan which feed into your annual goals and plans.
Your CFS is your critical success factor.
These are like KPIs but for the inputs that directly contribute to your success at any give task.
There is a cause-and-effect relationship between CFSs and KPIs.
Critical success factors are the causes for how you and why you succeed.
KPIs are the effects of that success.
I'll provide an example.
If you were trying to lose weight one KPI might be the amount of weight you lose in a given week/month. Your CFSs might be the number of days you work out in the gym.
Your CFS is your how and your KPIs are your what.
I recently read the book The Four Agreements by Don Miguel Ruiz.
In the book, Ruiz talks about four agreements you have with yourself to modify the internal modulation of the voice in your head that punishes you for mistakes. Ruiz says you must commit to the four agreements in order to change this pattern.
The Four Agreements:
When you are younger we think that adults have a handle on the world around them.
Then we grow older and learn that everything is barely being held together.
There is a name for this. It is called The Peter Effect.
The Peter Effect states that people are promoted to their level of incompetency.
This means all large organizations are run by incompetent people. If the logic is that being competent at one job leads to a promotion, likely to a supervisor level, this manager is not necessarily the most competent person to be a manager, but rather the best-performing producer to supervise all the other producers.
In the classroom, there's a phenomenon known as the Peter Effect—a powerful illustration of how positive reinforcement can shape a student's confidence and success. Let's break it down:
The Peter Principle offers insight into why touts in sports betting often attract clients despite inconsistent success rates. Let's delve into it:
The Peter Principle posits that individuals within hierarchical organizations are promoted based on their performance in their current roles, rather than their competence for the intended role. As a result, employees may eventually reach a position where they're no longer competent, leading to stagnation or failure.
Now, let's apply this concept to touts in sports betting. Touts are individuals who offer sports betting advice or picks for a fee. Much like employees in hierarchical organizations, touts gain clients based on their perceived expertise and success in providing winning picks.
Initially, a tout may experience some success, accurately predicting outcomes and garnering positive attention from clients. This success attracts more clients, who are drawn to the tout's perceived skill and ability to deliver profitable picks.
However, as the tout's client base grows, there's pressure to maintain the illusion of success, often leading to exaggerated claims or selective reporting of wins. Over time, the tout may experience fluctuations in performance, with periods of both success and failure.
Despite these fluctuations, clients may continue to seek out the tout's services, influenced by factors such as past successes, persuasive marketing, or a desire to believe in the illusion of expertise. This phenomenon mirrors the Peter Principle, where individuals maintain their position based on past performance rather than current competence.
In essence, the Peter Principle helps explain why touts in sports betting can continue to attract clients, even when their success rates are inconsistent. Clients may be swayed by past successes or the tout's perceived expertise, overlooking periods of failure or underperformance.
