Others’ Success Breeds Your Success

You ability to succeed, at whatever it is you want to do depends very much on your dedication, your passion, and a great support system. But something that is not often talked about that seems to be an essential part of a support system is the presence of a successful, talented. Henry David Thoreau was mentored by Ralph Waldo Emerson. Frank Sinatara drew a lifetime of inspiration from his mentor and friend, Bing Crosby. Even Bill Gates who has been said to draw so much from games like Risk and Monopoly spent significant time with Warren Buffett. It’s not just the wisdom that a mentor can bring you but the fulfilling and stimulating personal connection.

It is too hard to struggle in a vacuum, aiming for a dream that no one around you carries a similar passion for. That is why the most successful people either are drawn to, or seek out, the most accomplished people in the fields that relate to their passions. Do you have someone in your life that you look up to, that can share their wisdom with you and help you realize your goals? If not, you need to seek out these kinds of people through conventions, local meetings, and industry events–any where the successful gather. If you surround yourself with the right kind of people, someone is bound to take an interest in your enthusiasm and pass on what they have learned.

Although there are amazing people whose stories and legacies are hugely empowering, that you can access through books, TV and the internet to draw inspiration from, these distant or one way relationships will never replace the energy you get from one on one time with someone who has reached a level of success you are still striving for. Being able to have a discussion, ask questions, observe, and get feedback from a person who has gone through all the trials and joys that the road to dreams are paved with has an infinitely greater impact on you. And having such a person as a friend means you have relative access to those motivating discussions and inspiring support—and a better chance of getting where you want to go.

I’ve had many o my own mentors over the years but I think my most influential mentor was Larry Rosenberg with Paul J. Meyer right behind him. You can read more about both these wonderful men in my book,How to Ignite Your Passion for Living.

How Many New People Have You Meet This Week?

So I’m still basking in the glow of newly made memories from our trip to Europe that we recently returned from. I just can’t stop thinking about all the amazing contacts I’ve made, not just on this trip but on all my trips before. I know I’ve talked about getting out and meeting people quite a bit lately but I really can’t say it enough. Meeting new people can lead to such wonderful new adventures, friendships, and business opportunities. And you don’t have to travel the world to make such great new contacts.

It doesn’t matter where you are, what you’re doing, or where you’re headed. No matter what the circumstances, be bold, talk to strangers, strike up kindly conversations with anyone you have a chance to say hello to. Yes, some of them won’t care for your forward manner. Many people are too busy to stop and chat or they might be suspicious of what you’re after but don’t worry about those people. If you have such an encounter, just move on. Most people are actually happy to talk, especially if you ask them about themselves. Taking notice of them and having an interest in their life is flattering and encourages them to share.

I’m not saying you should put on an act either. You really should be interested in them. Everyone has a story that will help you understand the world better. Most people has some surprising ideas of their own, and they might even be the connection to other wonderful people. Just don’t let the possibility of getting a strange look or a curt rebuff deter you.

Some of the strangers I’ve meet over the years have not lead to ground breaking business ideas but they have become dear friends and enrich my life as much as, if not more than, those that have helped me in my successful business ventures. We meet up with our Danish friends, Karina and Mark, who then introduced us to several of their friends. We were also honored when a young man, Reto Moro, flew from Zurich to Paris with his daughter Ana just to go to dinner with us. Then we meet several more bright and interesting people from several countries on the ship we took from Copenhagen to Tallin.

There is no reason at all that you should deny yourself the rich opportunities that are but a handshake and a “hello” away. So this week, another challenge. See how many new people you can meet this week. Ask them about their lives and their stories and see what remarkable things come of reaching out and connecting with just a few more people in this world.

What do the blueprints for your mindset look like?

Wealthy entrepreneurs seem to be a breed apart. But what makes them so different from the average Joe? A big part of it is their mindset, a way of thinking that just automatically aims big. They are ready, willing and able to make or move on large scale opportunities. Thinking big isn’t even an effort—it’s just habit.

I talk about mindset on page 107 of my book “How To Ignite Your Passion For Living”. This section explains how your mindset acts as a blueprint; how it directs what you do with your life. The people in this world who have amassed great wealth and success have a blueprint that is all about thinking big. If you want wealth or great success, you too have to work off a blueprint designed for thinking big.

Bill Gates is a well known example of super success. He’s also one of those people who has always had a ‘think big’ mindset. He was already embarking on his own business ventures at the age of 17. While an undergraduate at Harvard he managed to convince one of the first microcomputer manufactures to meet with him so he could sell them on something he hadn’t even tried yet. These crazy, untried, big ideas paid off and he eventually took a leave of absence from Harvard because of them. His big leap also started him down the path to starting what would end up being the largest software company in the world, Microsoft. It is also what made him a billionaire at the age of 31.

If Bill Gates had played it safe, it’s likely that very few of us would even know his name. Where will thinking big like this take you? If you want the big rewards, get your subconscious, as well as you intentions, working off the same big plans blueprint. Make thinking big a habit. Think big, think wealthy, think successful. If this truly becomes your mindset, it will lead to this also being your reality.

Be Open to Being Open

In the past few posts, I’ve been outlining the best ways to leverage yourself with networking. In addition to getting out there regularly and having a loaded business gun so you are ready to make the most of a new connection, you also need to have the proper, open-minded attitude. In other words, you need to toss preconceptions about what type of people you want to connect with or what kind of opportunities you’re hoping to find. Some of the best connections and opportunities arise where you least expect them.

For instance, a long, long time ago a candle maker and a soap maker found themselves married to sisters. As brothers-in-law, they saw each other frequently but never talked to each other about their businesses because they created two different things. It took their astute father-in-law knocking them over the head to realize that what they did was actually very similar—they both produced tallow and fat based products sold to the home retail market. They decided to go ahead and try combining their efforts by selling both products types at each sales call and putting their individual strengths where it would do the company the most good. Within a couple decades they were one of the largest companies in Cincinnati. The simple candle and soap makers became some of the richest men in the region, something they were not likely to accomplish on their own.

Now their company, Proctor and Gamble, is known around the world and boasts sales near the $40 billion mark. And to think that initially they didn’t believe they had anything to offer the other! Opportunities are plentiful. You just have to get past the standard assumptions, think creatively, and consider ideas from many angles.

So, the next time you’re introduced to someone or an idea comes your way that gives you that “not my thing” feeling, stop and give it a couple minutes and see if you can’t come up with a way you could benefit each other. You never know what you might come up with. Keeping an open mind gives you so many more chances to multiply your finances, as well as business partnerships and friendships. You’ll be surprised at how often positive things develop if you just give them a little consideration.

Load Up Your “Business Gun” With The Right Ammo

As I’ve mentioned, networking and constantly getting to know new people is absolutely imperative, but those efforts are practically useless if you aren’t set up to develop a chance meeting from a couple minutes chatting to a long term relationship. The ammunition you should have in your “gun” might include anything from professionally designed business cards to a well crafted tag-line. The key is to have it ready and on hand when you meet your next great connection.

A business card is a given but in this day and age you need to hand people more than just a phone number. They will expect an email, a website and other online information. If you haven’t done so already, build a solid online presence, even if it’s just a one page website with basic information and links to other things you or your business are involved in. I also suggest looking into getting a LinkedIn account, creating a Facebook page, starting a Twitter account, or writing a blog. You’ll need to investigate which options will work best for what you’re doing and then spend some time forging them into the ammunition you need.

If it makes sense for your business, consider investing in promotional items. It can be anything from pens, magnets, or small gadgets related to your business that are easy to carry and hand out so people have a reminder of you and what you do. When at shows or conventions, have informational materials ready for those times when you can’t get in much more than your tag-line.

In addition, be ready to give back and help others. The more you assist others in their personal or business goals, the better they will remember you and the more willing they’ll be to assist you in your endeavors. Nothing in your arsenal will have more of an impact than a little gratitude and a positive image. Put this together with a solid on-line presence and plenty of ready contact information and you will have a truly well loaded business gun.

Making a Living From Your ‘Gift’

At the big fundraiser my wife and I hosted last week for Utah’s governor, we brought in an entertainer and speaker, Jason Hewlett (see more about Jason at jasonhewlett.com). He has a very unique show he puts on. Through stories, impersonations, songs and more he speaks about how each of us has a particular gift to offer and how he himself turned his talent for entertaining into a gift he shares with the great variety of people he now performs for. Everyone at the fundraiser, including myself, was absolutely wowed by his show. It’s obvious that he not only has a talent for entertainment but a serious passion for it as well.

From a young age, Jason knew what his gift was and carved out a very successful career using it. But most of us aren’t able to identify our talents so easily or we get sidetracked by life’s responsibilities and quickly lose sight of what truly moves us. If that is where you are right now, take a look at Chapter 5 of my book, How To Ignite Your Passion For Living. The Chapter titled “Turning Your Dreams Into Reality” is filled with ideas and exercises to help you discover or rediscover your gift and your passion.

Jason Hewlett took his inclination for humor and entertainment and turned it into inspirational entertainment about his experiences withreaching dreams and goals. No matter what your passion is, you can turn it into a vocation. You can do what you love for a living and love the work you do. Identifying your passion is just the first step but, in the end, it is the most important step you take.

Inject your Life with a Regular Dose of Friends

This week has been a busy one at the Haroldsen house. We hosted a fundraiser for Utah’s governor, Gary Herbert, on Wednesday and what a great time it was. One of the best things about the event was that I was able to spend time with people I not only admire but who are also great friends of mine. Just the sight of good friends does something to boost the spirit and a night like the one we just had, with so many smiling faces around me, was like a big injection of joy.

Keeping yourself surrounded by your friends is about more than just having a good time, it’s essential to our wellbeing. POW survivors consistently talk about how having a buddy to talk to, to lean on, and to share their pain and hope with was one of the top reasons they were able to survive. Being with friends keeps you from feeling isolated, helps you keep life and what is truly important in perspective, bolsters your immune system, reduces stress, and gives you the energy and mood boost to get through demanding times.

I know we get so busy sometimes with work, errands, and family that we just don’t seem to have time to get together with others. But with all the benefits you get from having your friends around, it really should be a top priority. If you haven’t done so recently, gather together with those friends that are a positive and supportive influence and be sure you put regular gathers on your calendar and to do list. You should never be too busy to surround yourself with the very source that will help you climb your mountains and inject the kind of joy into your life that you are working towards.

The Secret to True Contentment: Work

I know everybody thinks that life is about getting to a place where you don’t have to work, where you can just take it easy and drink cocktails while sitting by the pool but I can tell you from personal experience, that is a road with few rewards. Work—having a job, a business, or personal objectives you are actively striving for—is something you will never want to be without. Work is not just for paying the bills, it is essential to having a fulfilling life.

Studies have shown that people are four times more likely to have a sense of contentment from work than they do from watching TV. That’s a pretty impressive statistic and yet, the majority of people (especially in the good ole U.S. of A.) spend huge amounts of time watching the tube. So why do we choose to watch TV rather than get to work on things that would further our personal and professional goals as well as provide us with more contentment?

It’s because work is hard. Worthwhile and challenging tasks usually take the proverbial blood, sweat, and tears and sometimes end up being a constant uphill struggle. Instinctively, we want to avoid what is difficult and TV can fill our time without taxing our brains or body. But it is the difficult work, the complicated and challenging goals we face in our day job or the effort we put into building a dream, that makes what we accomplish so satisfying. Watching TV, on the other hand, accomplishes little if anything and is not, at the end of the day, very fulfilling.

You probably enjoy games of some sort—tennis, golf, chess, sodoku, etc.—and you play because of the challenge and the way you get lost in it, looking forward to seeing what you can accomplish or motivated by that potential win. Likewise, in your work, if you take time to set difficult and complex goals and totally throw yourself into reaching those objectives, you will find that your contentment and happiness will soar, buoyed by your progress and that potential, if not actualized, win.

Bottom line: set up some very tough challenges for yourself, pushing yourself to do more complex and novel things (whether you’re a millionaire now or still working on it!). It’s the work that will lead you to a richer and more satisfying life and make the down time by the pool much more enjoyable.

It Isn’t Always About the Money

I talk a lot about creating wealth on this blog because, honestly, making better money is a major goal for many people. However, not everyone wants to be wealthy, not monetarily at least. Some people have a different currency they want to invest and see grow.

Take, for instance, Daddy Bruce Randolph, a philanthropist and restaurant owner who, at the age of 60, after many years of hard times and failed businesses, scraped together enough money to open a BBQ joint in Denver. A year after he opened, not that much better off financially, he started serving free Thanksgiving dinners to the down and out in his community, a tradition that would last almost 40 years. He would also give away what he could to help the less fortunate on Christmas, Easter, and even his own birthday. Every year his generous events would get bigger and harder to finance but he’d still keep doing it. It gained him admirers all over the country, many of whom jumped in to keep the charitable events going as they grew well beyond his means. Because of his generosity, he had to live modestly but still, he was happy.

When asked why he gave so generously, Daddy Bruce said, “You can’t beat love. Nothin’ beats love. If you give one thing, you get three things back.” He was, in the truest sense of the phrase, a very successful investor. He invested in what he believed in most and gained the love and appreciation of thousands of grateful Denver citizens as well as the admiration of people from all across the country. Not that he was after the admiration, I’m sure, but if he was getting three times what he gave, he was certainly one of the richest men of his time, living a full, passionate life through bettering the lives of others.

I understand that kind of passion. I may have amassed significant personal wealth but the real joy in it has not been what I can buy but how I can use what I have to help make positive changes in other people’s lives. It’s why I wrote my book “How to Ignite Your Passion for Living”. It doesn’t matter whether your dreams involve increasing your monetary wealth or enriching the lives of others, the key is to live well and let your passion lead you.

The Real Costs of Your Investments

How often do investors think about what is involved in their investments besides money? If you’re handing your money over to a stock broker, the time it takes to invest is small but you also take on significant risk. In real estate investing, there’s both money and time involved in getting it into shape to sell or rent. In a small business investment, the common approach is to put in as little money as possible but all your free time. So considering everything, what investment makes the most sense?

The answer lies primarily in the risk level of the investment and how much your time is worth. For instance, investing through a broker takes little time but the pay back is either very uncertain or very small. Small businesses often take years to turn a profit and your time investment, which may seem cheap or free initially, can be very expensive if you consider how much you could have made working more hours or a second job. Just think, if you could have gotten $25/hour working a second job, then that 20 hours a week you spent over 6 months getting the business up and running cost you $12,500 in lost income! How long will it take you to recover that investment through your business?

In real estate, you invest both a significant amount of time and, sometimes, money (see last week’s post and page 184 in my book “How to Ignite Your Passion for Living” on how to get others to fund your investments) but the outcome is far less risky. The added bonus is that real estate will not continue to suck your time the way a small business often does, and the returns will inevitably be greater and more secure than stocks. This is why I really encourage you to look at real estate if financial freedom is a primary goal of yours.

I’m not saying you shouldn’t open that storefront you’ve been dreaming about or support your favorite budding green business with a capital investment—there are many factors beyond time and money to consider when deciding what investment is right for you—but just don’t pour your all your time and money into something that is not going to help you reach your financial goals in the near future. Keep an eye on the big picture. Because after you make your first million in real estate, you can pay someone to do all the hard work to get that business off the ground or invest in whatever you like. That’s the beauty of financial freedom.

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