3 things I believe sets apart early success from failure

3 things I believe sets apart early success from failure

Investor · San Angelo, TX · Member since 2019 · 60 posts · 25 votes

I think what separates early success from those who fail, give up or never get started is a combination of 3 things:

1. An open mind

2. Common sense

3. A willingness to take action on what you learned

Too often people like to write off others as soon as they hear one thing they don't agree with. They listen to a podcast, read a book or talk to someone but they can't truly learn anything because they are constantly looking for what they don't agree with! "Every person that you meet knows something you don't; learn from them" - H Jackson Brown Jr. Take the life of Thomas Jefferson, we can learn a lot from his life as he did many great things but he also owned over 600 slaves in his lifetime. We can learn from others even if we don't agree with some aspect of their life or message. This is why number 2 is common sense. We need to have a common sense filter that everything we learn runs through. Having common sense allows us to determine **** from gold. Number 3 is most important because without it, success is impossible and more specifically you need to be willing to take action immediately. "The right time is always now" - Casey Neistat. If we're constantly following these 3 rules, I believe success is inevitable. 

Run this through your common sense filter and decide for yourself if it's **** or something that makes sense. If you don't agree with me don't listen, if anything in the post can help you then great! 

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  • Atlanta, GA · Member since 2021 · 493 posts · 162 votes
    5y

    @Nick Seginowich

    Thanks for the post, helpful and insightful. 

  • Investor · Texas & Oklahoma · Member since 2020 · 67 posts · 38 votes
    5y

    @Nick Seginowich

    I'm not sure what you mean by "common sense" being what separates those who succeed and those who fail. Are you saying that people need to be good at running numbers, or good at reading people?

    I'm not sure a catchall term like "common sense" is that helpful for new investors. It's pretty vague and not actionable. It's a term you might use after you've learned a lot and feel familiar in the space. I might substitute "common sense" for "curiosity" or "hunger for knowledge". This would tie better into #3, which I completely agree with.

    Anyway, thanks for sharing and have a good one!

  • Investor · San Angelo, TX · Member since 2019 · 60 posts · 25 votes
    5y

    @Sam Smith

    Hi Sam, thanks for taking the time to comment on my post! You're right I didn't really explain number 2 very well... I wasn't trying to say you need to have specific industry knowledge. I'm talking about general common sense, as in what most people understand about how the world works. I think we can ask ourselves if new things we learn make sense within our existing beliefs. 

    An example would be if you hear about a new sales technique from someone on a podcast but they're main clientele consists of higher class white collar individuals while you're trying to sell to lower class, blue collar individuals. Your common sense should tell you that while the technique you learned might be viable, it may not translate into what you're trying to do, regardless of how much prior sales experience you have. I included this because I don't want to see anyone blindly following advice just because you heard it from a so called reputable source. You should trust yourself and not compromise your core beliefs in pursuit of success, whether it be a conscious decision or just a naïve one. 

    I hope this can provide some clarity into my thought process and I would welcome anymore feedback!

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