The Price of Success: Controlling Time and Destiny

The EG Success Mindset Podcast

The Price of Success: Controlling Time and Destiny

Watch On YOUTUBE: https://youtu.be/OdhI3zMB-KE

Success is a journey that demands sacrifices, commitment, and a strategic approach to managing time. Reflecting on one individual's experience, it becomes evident that the cost of success is indeed worth it, particularly when it allows a person to work for passion rather than money. This post delves into their journey, the lessons learned, and the principles that have guided them.

The Cost of Success

For five years, my guest didn't sleep for more than four hours a day. This was the price paid to establish initial success in properties. During this period, they chose jobs that allowed control over their time, working from 2:30 PM to 11:30 PM or sometimes until 1:00 AM, which gave the mornings for personal growth and business development. The core lesson here is that whoever controls your time controls your destiny. It's not about who controls your money but your time.

Facing Rejection and Building Wealth

In network marketing, while selling broadband and telephone services, my guest made an average of £450 a week in addition to their salary. Embracing rejection was key, understanding that out of every ten calls, at least one would result in a positive response. Over time, the conversion rate improved, but the key was perseverance and not fearing rejection.

Diversifying Income Sources

A critical aspect of financial stability and wealth creation is having multiple income sources. Smart believes in having at least four income streams. Job security alone does not lead to wealth; jobs provide enough to sustain and act as a seed for creating wealth. Wealth creation comes from owning assets that generate income, such as properties, stocks, or shares.

The Importance of Credit and Financial Health

In the Western world, a credit record is more critical than a job or career. A poor credit record can have severe consequences, such as losing job opportunities or being denied mortgages. Managing finances prudently and maintaining a good credit score is essential.

Self-Evaluation and Mental Fitness

Understanding one's strengths and weaknesses is vital. Focusing on strengths and outsourcing tasks that fall within weaknesses is important. Continuous learning is also crucial; reading books, seeking information, and staying informed are key. Avoiding distractions from social media and using time wisely, even during idle moments like waiting in traffic or at the doctor's office, is essential.

Conclusion

Success requires dedication, strategic time management, and continuous growth. Controlling time, embracing rejection, diversifying income, and leveraging unique talents are crucial. Surrounding oneself with successful individuals, maintaining good financial health, and appreciating the journey are essential. By following these principles, one can achieve not only financial success but also a fulfilling and purposeful life.

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