This post covers self mastery. Self mastery/improvement must come first before you can improve performance and outputs. You cant be a businessman or an entrepreneur or be rich unless you improve your self. To attempt to change the world without self improvment is insanity
A thought is just an electron, a pulse a wave of energy . and then its gone. But when you write this down, and capture and write it down. It becomes a particle
From the ether to physical universe. It becomes write. When you write, the neuro transmitter fires off, the impression is in thousands of location. (when you type there are less)
Doug MacMillan was panicking and ordered to buy Jet Com, headed by Mark Lor. for $3.2 billion. Jet.com is losing money. But it was not Jetcom that was bought. It was the talent of Mark Mark starts digital platform for Walmart. (The same like NXT bought by Apple - a ploy to bring back Steve Jobs to Apple)
The sales advice was probably adopted from the lines taught at Machiavellis Prin
There are 5 tactics:
The Illusion of Choice Technique (advanced closing strategy) ✔️ How to create scarcity and urgency in sales ✔️ The power of psychological triggers in marketing ✔️ Narrative control and authority positioning ✔️ The Strategic Retreat Method (reverse psychology in selling)
1. The illusion of choice
Control the choice. Do not give the customer unlimited choice
But actually the choice has been made. By employing the good
better strategy. Good is the more expensive and then presenting the
more affordable. It is often a used word: decision becomes inevitable
2. Creating scarcity:
Fear sells. It is better to be feared rather than loved
Either by telling shortage in inventory, or time frame. When there is risk or danger, a person rush to make decision We are adopting this in Temu marketing promos beginning March 16. Limited promo items, and campaigns running 4 weeks at most.
FOMO (fear of missing out)
3. Psychological triggers
Mask of authencity. Perceived authencity. Skill appears trustworth.
One who can give a good advice to build trust.
Appear to be one with them, but actually pushes own agenda
4. Narrative control of authority
Ask question vs defending. Stay on offense.
Appear to be the expert
5. Strategic withdrawal
Dont be desperate. Appear to be not needing tthe agent.
1. Now is not the best time
2. Maybe you need to have more research
Do you appear to be manipulative? But are you not selling everyday. ?
The MIT monk mentions his stint at MIT about firehose, (and or Hell Week) Having a situation where there are so many tasks that seem to be impossible to finish. Then you learn to delegate, collaborate, and have a system. Otherwise you will fail.
Then at Golman Sachs, their assignment in real world (and this is for the sellers) to raise P100,000 in your personal income in one month. That is tough if you are not resourceful and you are thinking 8-5 worker. I am happy that when this was assigned to the latest batch of trainees, they came through. Marketing people should be subjected to that kind of situation or given that exercise
The author became a street boy (a runaway) monk, MIT student, later a CEO of tech company (even AI)
He lists down in this video hacks that should have been learned earlier.
Some of them:
1. Differentiate between savings and investment. Or you can have both. Savings let you earn 1/4 of 1% while investment tied to S & P can get you more, Compounding plays out better.
2. Stop believing in the American dream. Limited opportunities now, less jobs, heavy taxation.
Only 4% make it through and become successful, the 96% suffer.
3 Practice practice practice in what you are good at. (There is no inherent genius. Only practice creates geniuses. Some people who are determined are good in practice. Athletes, musicians, actors practice this Even doctors. What are you good at? Do you practice constantly
4. Look at yourself as an investment portfolio. Do you spend on your education and self improvement? Are you gettting desired returns. Wilkinson said that fortune are preceded by education and intelligence
5. Move where the opportunites are:
NY, Boston, SF, Chicago. Where the talented and fortunate are. They are not in the boondooks
6. Equity and salary.
You become rich early. You behave differently when you are the owner. Salary is a trap is an addiction.
7. Humble yourself. Get a mentor
Not the coaches who are paid exorbitantly. Be coached by someone who has made it. Some will coach you free if he can get an action of your venture.
8. Have an emergency fund
1. For medical emergency
2. When you are laid off
3. Acts of God: flood, typhoon,
9. Have your own FBI. (Financial Bureau of Investigation) to find out where your money goes.
In this priority/order:
1. Emergency
2 Equity
3. Essential
4. Enjoyment
Allocate $ or PHP first in 1-3 before going to # 4
10. American dream can become the American debt. Avoid debt at all costs. Buying homes early while young can be a catastrophe.
11. Be financial literate. There are apps you get into or YT videos . There is no excuse. There are books: Psychology of Money, and the Algebra of Wealth Compounding. These are precious guides.
12 Automate personal finance. There are apps that can do this for you.
13. Go analog. Read read read books.
14. Failure as a teacher like as on the spot firing being jobless, being homeless. Be prepared and develop resilience from that. Find something positive in bad experiences to bring out the best in you. Find the strength that you have missed. It can let you see the road beyond the corner and find the best you
15. Find the krypto in you (what destroys Superman) find the antidotes and seek people who can support you and give your strrength.
16. Dont play victim
Dont hold grudges. Stay friendly even with those people who wronged you.
17. Find the right partner. Who can give you support in the worst of conditions.
18. Forgive yourself and live away from the past - Abusive parents, bad employers, misfortunes. Stay in the present find something positive and be a good person now.
19. Think of yourself as someone living for others to be their best Find out how can that happen By finding love and service. What impact can we have on others lives.
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20. Happiness = Resources/need Thus increase your resources and decrease need If your need is 0 your happiness becomes infinite
They are so analytical, sees more than 15 downsides in an opportunity, and prefers to be analytical. The less educated, less analytical fail to see the risk breeze through the process, and gets the roi...
I saw this. The educated PO dumped two multi billion projects which we passed on to other allies.
The author became a MULTIMILLIONAIRE. Do you want to be one. Just like him ? (He became CEO of his company.)
I worked under one such grad when I became an EVP of Savings and Loan Assocation. I used to hate him, but adjusted him and we became a friend in Land Rover club where we now show our own vehicles and as equals. Learned a lot from him on leadership and management
There were many hacks committed at the top of dome of MIT: cars assembled on top, flags, and many more done by the students. They beat the system and they had fun.
You must love the system and then have fun. You cant beat and hate the system.
(We have people who say we dont have system.
Be even able to hack the system. (Many do cross the line and become criminals.or our competitor)
2. Firehose test.
Students were exposed to loads of work that they cant seem to finish. This develops ingenuity of what should be finished. You ask the question, how can I cope?
It develops ingenuity.
1. Time management
2. Prioritization
3. Cooperation and collaboration
Effort is NOT EQUAL TO PURPOSE.
Purpose is:
1 Impacful
2 Important
3. Irreversible
We have recruits who complain at slightest hint of hard work, and complexity
3. Find the first principles
Problems, challenges can be daunting. Especially innovation. Find the first principle. Break down everything into basic parts. And then it becomes easier.
Steps: Find 1. Facts
2. Aspiration (your goals)
3. Do tests (experiments)
Elon Musk used this in changing the business/rocket science. He found out that
single use rocket launches are very complex and expensive (NASA made it so) and found out that rocket launchis only 2% of what NASA spends. And from therEM built a multi million Space ex business
4. Mind and hand approach
Being practical. Leave the academic and book part. Do something practical
FInd the MVP (Minimum Viable Product and improve on this) An MVP is better
than no product at all. You can improve a prototype but not on nothing. Do it now 60% is better than doing it
105% tomorrow
Practice
1 Building the product
2. Test
3. Go to the first principle
At MIT they have a one month period where students do this to present to the VC. And they end up owning new venures, financed by Venture Capital
5. You do not graduate alone even if you are the smartest guy in the room.
You need a team, you need collaboration. you need a mastermind. though
how smart you are. John Maxmell term it as the Law of the Lid. All of major
discoveries and invention now are results of team effort.
This idea makes you humble and become less of pain in the ass. of others. Your group becomes better
