Sometimes knowing what NOT to do is just as important as deciding what to do. Staying away from drugs and excess alcohol consumption are common examples. But what about the more subtle habits that we should avoid, especially if we want to retire early? I recently read this article which discusses what financially successful people are known to avoid. I’ll summarize the important parts in 5 points below.
5 things successful people do not do.
1. Let others limit their joy.
Don’t rely on other people for personal satisfaction. People might be critical of our success but we have to take their criticism with a grain of salt because they could simply be jealous of our accomplishments. Our success shouldn’t depend on other people’s failures. If we feel good about something we’ve done, we shouldn’t let anyone else’s opinions or accomplishments take that way from us.
2. Hold a grudge.
We should be quick to forgive, but not to forget. Forgiveness requires letting go of what’s happened so we can move on with our lives, but we must also be assertive in protecting ourselves from similar harm in the future. Holding a grudge also induces stress which contributes to high blood pressure and heart disease. 😐
3. Prioritize perfection.
Don’t be a perfectionist. Human beings are fallible by nature. When we make perfection our goal we’re inevitably going to be disappointed with our results sooner or later. We should try to spend our time enjoying what we’ve achieved 🙂 rather than lament how imperfect we are. Trying to be perfect is just too much pressure.
4. Dwell on the past.
Anything worth achieving will require some effort and risk. We can’t allow our failures from the past to stop us from believing in our abilities to succeed in the future. Our emotional state depends on what our minds are focused on. If we fixate on problems and mistakes, we create negative emotions and unnecessary stress which thwarts our creativity and potential. But if we prioritize on actions and solutions to improve our circumstances then we can produce positive emotions, and an improved outlook. Instead of dwelling on problems we can become more effective when we focus on solutions.
5. Say yes all the time.
Don’t be a “yes” person or a people pleaser. Learn to wield the power of the word “no.” Saying no can be a challenge for some people, but learning to do so can honour our existing commitments and give us the opportunity to successfully fulfill them.
Avoid these 5 practices and we can all become rich some day. 🙂
Random Useless Fact
The Dalai Lama is fascinated by science and technology. He has claimed that if he had not become a monk, he would have become an engineer.
I remember learning to say ‘no’ after killing myself by putting too much on my plate. Yep, that’s what we usually learn in our early-late 20s.
I have no problem saying no now at the age of 32 😛
I’ve also learned to not bite off more than I can chew. Sometimes less is more. Also, 32 is like the new 27 these days. 😉
For me the hardest thing to learn was saying “no”. I always like to help everyone, but in the end you can’t. It’s not fun, but sometimes necessary just to tell someone flat out “no”.
It can be hard to say no at times, especially to people who really need your help, but it all comes down to learning what your own priorities are. 🙂
I totally have problems with #3… like if I know I’m not going to do something perfectly, I will just procrastinate instead of doing something or at least starting…
We almost have to trick our brains to just get started and convince ourselves that things will just work out as long as we start right now. It’s a big leap of faith and we may not always get the results we desire, but at least we’re still moving forward. 🙂
Yes, exactly. I am reading a book right now that is talking about tricking yourself by making your initial step too easy, so there is no way you can convince yourself not to do it. And once you get started, it’s easier to keep going…
Boo… I do all of these things. And guess what? I’m not really that successful. Time to change that 🙂