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Thursday, January 26, 2017

How much luck do you need to become rich today?

Zero, just like its always been.  “I've found that what most people call luck is often little more than raw talent combined with the ability to make the most of opportunities. (Talon Karrde)” ― Timothy Zahn, Heir to the Empire. “Shallow men believe in luck or in circumstance. Strong men believe in cause and effect.” ― Ralph Waldo Emerson

Answer by Bernie Klinder:

Zero, just like its always been.

  • “Shallow men believe in luck or in circumstance. Strong men believe in cause and effect.” ― Ralph Waldo Emerson

People who haven’t figured out how to be successful always dismiss others success as “getting lucky”. What they describe as “being in the right place at the right time” is a component of:

  • How much you read/learn: Innovation and insights arise from making connections between two or more technologies that others have overlooked. The more you know and understand, the more possibilities you’ll see. All sorts of really interesting things happen when someone has a deep understanding of +2 fields and a creative mind.
    • If you want to catch more fish, more often, take luck out of your fishing equation and replace it with knowledge of fish, their habitat and behavior, and you will make your own luck. – Tony Bishop
    • The more knowledge you get, the more questions you ask. The smarter you get, the more you realize that everything can be possible – George St-Pierre
  • Your social network expands your exposure to new ideas and opportunities: The people you talk to everyday influences your world view, exposure to new ideas and opportunities, meeting other people, and changes your “degrees of separation” from the people you want to meet.
    • “You become the average of the five people you spend the most time with” – Jim Rohn
  • A bias toward action: Lots of people have ideas, few do anything about it. Knowledge without action is useless. Your million dollar idea is worthless if you don’t get off the couch.
    • “I've found that what most people call luck is often little more than raw talent combined with the ability to make the most of opportunities. (Talon Karrde)” ― Timothy Zahn, Heir to the Empire
  • Perseverance : Everyone sees the success, but not the 99 ideas and attempts that failed. If you read the biographies of successful people, you’ll see how often they fell flat on their face, dusted themselves off, and tried again – learning from every failure and building on that knowledge. A common theme I’ve seen among successful people is they aren’t deterred by high walls or obstacles. They find a way or make a way. They see the “walls” as something that blocks potential competitors who aren’t as determined as they are.
    • Perseverance is the mother of good luck – Unknown

Don’t believe the “luck” excuse. Go make your own luck.

Hope this was helpful/insightful.

How much luck do you need to become rich today?


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