Fear of Success

I was chatting with my wife the other day about what keeps me from success, or let’s say greater success and started to consider, given that I have no obvious outward hindrances, that maybe the only thing holding me back, was me.

I have seen the enemy…and it is us.

If I am remembering my Samuel Beckett correctly.

Then I came across a cool article by Steve Pavlina about the Fear of Success. The article boiled down to a simple exercise.

Ask yourself what would happen if you were to completely succeed and attain your goals.

On the face it seems silly, but it isn’t a trivial question.

Think about Robert Kiyosaki for a moment. I’ve seen many examples of people personally attacking him…heck, I’ve even been personally attacked just for saying that I enjoyed his writing.

It’s easy to assume that a successful person is somehow immune to these kind of attacks, and it’s true that many of them develop a “thick” skin and coarseness to keep out the pain of other people’s attacks.

When I met Robert last Spring it was clear that he was a sensitive and vulnerable person and I’m sure that on some level, when people attack him, he feels pain.

Another more personal example, was when Problogger reviewed my Real Blog Videos. In the comments, some people took me to task for trying to exploit people by charging for what should be free information.

Looking back now, it really hurt and I can see that, since my next product would likely be susceptible to the same criticism it has kept me from moving forward. Of course I came up with many other reasons for why I wasn’t working on the project, but I can see now, the main one was pain avoidance.

The Exercise

If I succeed here’s what the result will be [I've marked each with a + or - to indicate whether it feels good or bad]:

+ I won’t ever have to worry about money any more.

- People will be jealous of me.

- People will criticize me and what I do.

+ I’ll be able to do cool things with my money like donate to charity and help out friends.

+ I’ll have freedom with my time…to do what I like.

- I’ll get lots of attention.

+ I’ll have lots of doodads and toys.

- Friends, relatives and tacky people [Internet marketers] will try and beg, take and borrow money from me.

Somehow we convince ourselves that “success” is equal to eternal bliss, but I realize now that that concept is a myth. Life is simply not about freedom from pain, I’m thinking that the very best we can do is to chose to pro-actively chart our course or be the victim of life’s whims.

I’ve always believed that what manifests in my life is determined under the surface. It isn’t our actions that determine our results, it’s the motivation that determines everything.

Success Fulcrum Fear of Success

Pain avoidance as a motivation is like driving with the brakes on. It looks like you’re really trying to reach your goals, but really you are in complete control of trying not to reach them.

It is also worth noting that the pluses and minuses will have different strengths to influence the balance of the fulcrum, or different weights.

For me the “-” of “I’ll get more attention” is very powerful. I love to fly under the radar and go unnoticed. Now it is not too difficult to see that this is at odds with being the CEO, or any sort of leader, of a company.

I’ll have to either learn to let go of this fear, or it will likely continue to keep me below my full potential.

When looking for the solution to a problem, I’ve always found it useful to assume we are the most brilliant genius imaginable. From there anything is possible and the only efforts are put towards hindering our potential.

Jon Symons
Scoping out the real enemy, so you don’t have to…but you still should.

This post was written by Jon Symons, see . Or use the contact page to get in touch.

How to Kick Butt at Cashflow 101

game 101logo How to Kick Butt at Cashflow 101
Cashflow 101 Game

To hell with other people…I’ve been having such a struggle trying to find other people to play the Cashflow 101 game with I just decided to play alone.

Welcome to the second installment of Rich Dad Wednesdays. Last week it was The Other Side – Too Much Money so logically this week I’m changing the subject completely with:

How to Kick Butt at Cashflow 101.

Here’s what I learned…my advice to myself after playing the game is:

  • give up your illusion that money is real.
  • never evaluate whether or not to complete deal based on whether or not you have the money or can afford it. Evaluate based on whether or not it is a good deal and then borrow or partner based on that fact.
  • you can’t get out of the rat race if you don’t take action [buy assets].
  • the real game is played on your income statement / balance sheet, not on the game board.

Cashflow 101 takeaways for real life:

  • learn to evaluate the assets you purchase so that you increase your odds of picking long term value propositions rather than gimmick opportunities.
  • build and maintain a great credit rating and relationship with your banker so you have access to funds when you do find a worthwhile asset to purchase.
  • you must accumulate [purchase, build or inherit] assets that put money in your pocket if you want to get rich. Sitting on the couch and dreaming of 6 month vacations or freedom from a job or buying a lottery ticket don’t count as real action.

Even playing the game by myself I learned a ton. I’m a good player now, basically I can kill the game every time, but in real life my skills haven’t caught up to my game play.

In the game I have no fear of losing money, in real life it is still there. It is clear to me that this is the single most determining factor of success in the world of finance. Fear clouds decisions and its best friend greed will mess with you big time on the other side of the coin.

Give up both of those and you’ll be rich in no time, I’m sure of it. Therefore the beauty of the game, a chance to taste that freedom with without having to eat from dumpsters if you mess up … and before long that lovely taste of freedom from fear and greed will begin to seep into your real life financial psyche.

This post was written by Jon Symons, see . Or use the contact page to get in touch.

The Other Side – Too Much Money

RD Investing The Other Side   Too Much Money
Rich Dad’s Guide to Investing

Since this is the first “Rich Dad Wednesday” on Art of Money I thought I’d go back to the first Robert Kiyosaki book that I ever bought…Rich Dad’s Guide to Investing. I picked it up for $1 at the charity book sale…ironically at my workplace.

I’m on Investor Lesson #2 What Kind of World Do You See?

  1. The more security you need, the more scarcity there is in your life.
  2. The more competitive you are, the more scarcity in your life.

Either of these ring true?

Let’s start by defining ‘scarcity’….my definition is that scarcity exists if I don’t have everything that I would honestly enjoy in my life.

I like to keep my definitions simple:

Would I be able to enjoy a vacation condo in Banff? Yes.

Do I have one? No…therefore there is scarcity in my life.

Am I competitive? I used to pride myself on being competitive and I still do see it; when I made niche sites we knew that if we had a lot of outbound links on our pages that it would lower our click through rate.

Believing that we were competing with other sites for visitors is a belief in scarcity.

The security one is trickier. I would have never have told you that I was seeking security, because I was never materialistic, but I realized that it really doesn’t matter what kind of security that you seek. For me, I was seeking emotional security…I didn’t care about what was going on in my life, as long as it didn’t feel bad.

Tough to take the kind of initiative and risks required to build a successful life when you are valuing the avoidance of anything, and that’s what security really is.

So I have limiting beliefs…now what?

In the book Robert outlines that when you believe in scarcity you are only seeing one half of the financial coin. The half of “not enough money.” But he tells of the other side of the coin, albeit a difficult one to conceive of if you haven’t tasted it but the other side of the coin is: “too much money.”

For me just the thought that their is a world where not only is there no scarcity of money, but there is too much money is a tough one to get my head around…but I’m willing to give it a try.

Over the past 30 years, the nation’s total income share earned by the wealthiest 20 percent of all households increased from 43 to 50 percent.

During the same period, the income share of the poorest 20 percent of households dropped from 4.5 percent to 3.5 percent. So the economic pie slice for the richest households increased, while the slice for the poorest households dropped.

This would seem to illustrate Rich Dad’s theories.

treasure The Other Side   Too Much Money
Is there a world of too much money?

The chapter closes with another quote from Robert that rings true for me as well:

I came from a family that saw the world as a world of not enough money. My personal challenge was to repeatedly remind myself that another kind of world existed and that I needed to keep an open mind to see a world of both possibilities for me.

Can you see the both sides of the coin? Even entertaining the idea of a world with abundant money, changes EVERYTHING.

This post was written by Jon Symons, see . Or use the contact page to get in touch.

A Day Off – The Sunday Reboot

SundayReboot tbn A Day Off   The Sunday Reboot

Sunday Reboot – Jon’s Computer Free Day

Have you ever heard of an alternative approach to healing called homeopathy?

An alternative treatment of disease involving the consumption of natural materials that simulate the symptoms of the disease.

Okay I’m stretching the metaphor here a bit, but I had another realization this week that was along the same lines as my tithing story.

The realization went something like this…if you want to create wealth so you can be free, why do you spend every waking moment working? Again is comes down to be –> do –> have.

If what I’m being is a slave to my business, I won’t likely create freedom for myself as an end result.

So if the disease I’d like to create is freedom from working, I’d better start ‘being’ free from working.

As a result, I’ve declared Sunday as my Reboot day. For the immediate future, I’m taking Sunday off from all computer related activities. My goal is to not turn it on a computer at all. OMG!

Now it’s Saturday night as I am writing this and already I’m experiencing a sense of panic at the thought of it….

I ALREADY HAVE MORE TO DO THAN I COULD POSSIBLY GET DONE!

…my mind is screaming.

Exactly the point.

One of my biggest struggles has been to keep focused while I am working and I have a hunch that taking 1/7th of my potential work time away may be exactly the solution I’ve been looking for. It forces me to value my work time more highly and I’m already seeing that I’m being more productive as a result.

It also allows me to give value to off line activities that I would normally neglect with the excuse that I ‘had’ to work or that working was a higher priority.

Some of the fun I’m looking forward to tomorrow: giving myself the time to do a great workout at the gym, washing the car, all the little things that my wife has been asking me to fix up and take care of.

Energy giving activities, all of them. As Internet entrepreneurs it is easy to get sucked into the 7 day work week, but I’m sure recharging is essential to being productive and to the stimulation of creativity.

The disease I’m hoping to stimulate is the freedom from work and I’ll be starting my homeopathic treatments as my cure every Sunday.

I’ll let you know how it went on Monday…I’m sure that the thought “what if the server is down?” will be going through my head more than once tomorrow.

Jon

This post was written by Jon Symons, see . Or use the contact page to get in touch.

Be Do Have

After watching the Rich Dad / Rich Woman video that I featured in last night’s post I had an important realization about the path to fortune. And I’ll get to that in a second.

Here are some of the common inner dialogs [including my own] of a person who wants to be rich.

“If I had an income of $XXXX a month, then I would, of course give to charity or tithe.”

“When I start making twice as much as my expenses then I will be able to afford to save for my future.”

“Once I get ahead then I’ll start putting aside a contingency fund.”

“If only I had a new car then I wouldn’t be too embarrassed to a [whatever people with new cars do].”

“If I had a new laptop my business would be more efficient.”

In the video last night Robert and Kim said that they put money aside for saving, investing and tithing BEFORE anything else, even when their expenses were much greater than their income.

How can that work out?

To be honestly I don’t have a clue. It makes no sense in my mind. But in my heart there is something completely lovely about it.

In the Rich Dad books he mentions that most people operate in this manner.

If I could have [blank] I would do [something good] and then be [happy, content etc]. It is like trying to blackmail the universe. I admit it, the thought, “if I win I’m going to donate 50% of my winnings to a worthy charity” has passed through my head many times as I purchased a lottery ticket!

I’m willing to change as long as I get what I want first….mmm, sounds kind of like a two year old.

If you believe in a universe that is interested in you basic good, why would it cater to that kind of behavior? It won’t…that’s why the vast majority of people are poor, even if they have money in the bank.

Kim and Robert worked the other way around.

Be -> Do -> Have

Be generous, and adopt the way of a wealthy person irregardless of your financial situation. Then you will be operating as a wealthy person in the things you do. Naturally from this space you will attract opportunities to create wealth. You will be more inclined to do the things you love, since that’s how a wealthy person would spend their most valuable asset.

And that can only lead to success in life, which will naturally get you the toys and income to be able to give, save and invest even more.

Going with the current or against it? Me, I’ve been playing the me first game up until now but time for that to change.

Tithing, saving and investing when my bills outweighmy income is like committing to my own success. A determination sets in to make the business grow and to continue to enjoy the ways of a wealthy mindset.

Next step will be to calculate how much money I actually made last month and set aside 10% to each of tithing, savings and investing.

I am also going to put a portion of the tithing into something on the Internet, since that’s how I earn my living it seems fair to give back.

More coming soon on this important topic, anyone care to join in on the fun? Maybe we can start a “Carnival of Internet Tithing?”

Jon

This post was written by Jon Symons, see . Or use the contact page to get in touch.

Kim Kiyosaki – Rich Woman

While stumbling around on the Rich Dad forums a couple days ago I found a link that my buddy emorgan had posted to a video of Robert and Kim Kiyosaki being interviewed on a TV show that I hadn’t heard of called the Celebration show.

It looks like a kind of soft sell Christian show [I know Robert sometimes get taken to task for mentioning the Bible in his books, so maybe he was on there for a little bit of PR building].

Nevertheless, as usual I found the interview informative and inspiring. The real reason for the interview was the launch of Kim’s new book Rich Woman: A Book on Investing for Women – Because I Hate Being Told What to Do!

You can watch the show on RichWoman.com.

Like I said the tips that Robert and Kim gave really affected me, particularly when they spoke about tithing, saving and investing.

They mentioned that when they didn’t have much money, they still put money aside for each of these three things BEFORE they paid their bills.

I realized that I, like many other have a me first attitude. When I get more money then I’ll save for my future, invest and give money to other worthing people. I know money and life in general doesn’t work like that.

First commit and then the universe will work to support your commitment. I’m still letting the resolve in me build for this one, but I know that is a very important ingredient in success to first move into the way of being that you want to achieve, even if it is at first in a limited capacity.

I’ll be writing more about this topic in the days to come.

Jon

This post was written by Jon Symons, see . Or use the contact page to get in touch.

I’m Getting Old…Are You?

old couple tbn Im Getting Old...Are You?This morning during my morning bike ride…

brief tangent: it’s funny now that I’m working at home I have imposed an artificial”commute” onto myself. I found that rolling out of bed and plopping straight down at my computer wasn’t very productive. I needed to get out into the air a bit to wake up my brain, so I go for a random bike ride to start every day…

Today I happened to ride past a retirement home in my neighborhood, which I had done many times, but today as I watched the residents coming and going something different occurred to me.

I’ll be there some day!

My apologies if that fact seemspainfully obvious to you, but it never came inside me with such clarity before.

Why not Jon?

Good question, I really think that I’ve lived the past forty-odd years in serious denial. For whatever reasonI just never really thought that I had a future.

I realize that it is common among teenagers and folks in their early twenties to have the sense that they will never get old. But at some point they must get over it, or they would never settle into a career, a marriage and a 401k.

I mean biologically it was obvious I was aging but I just never “saw” myself as old.

Why I’m telling you about this on my money blog is that I believe this is a big cause of poor financial planning and career decisionsthat I’ve made my whole life.

If a future is not real to you, why would you do things like build a career or create a nest-egg for retirement and beyond?

Today that all changed. I could see myself in that home and it was very real to me. Now fortunately I have the time and facility to make up for lost time, which I intend to do.

I’m not knowledgeable or a deep enough thinker to know why, but since very few people have any real savings or plans for their senior years, I can’t help but wondering if this denial of a future is a common psychological quirk?

This post was written by Jon Symons, see . Or use the contact page to get in touch.

It’s a Funny Thing about the 80-20 Rule

I’m not 100% clear of the point I’m trying to make with this post so you may be in for a tangent or two…I’m hoping it will work out well in the end.

The famous 80/20 rule…in case you don’t know it…it goes something like this:

20% of your efforts will produce 80% of your results

It goes beyond that into many things but that’s the gist of it and all we need to know for this discussion.

I know the 80/20 rule is basically true. My theory is also that it is more of a sliding exponential scale. What I mean by this is that within the 20% of things that you can do that are most productive there is a range of things that go from somewhat productive to the 1% that are magically productive.

My question is, since the 80/20 principle seems fairly intuitive, why don’t I, or we all for that matter, work in the 20% or better yet the 1%, that will produce the best results?

This week I’ve been working on my first real product as an attempt to diversify my business and get a notch higher on the Internet business food chain and I’m getting to see why so many [myself included] are not working at maximum effectiveness.

It’s easier to be ineffective.

Being anonymous and ineffective is easier. As I work on my first product I’m seeing that the potential of being at the top of the food chain is much higher, but so is the emotional intelligence required to be there.

Continue reading

This post was written by Jon Symons, see . Or use the contact page to get in touch.

Out of the Rat Race – Day 26

Not going to work has become somewhat ‘normal’ as I turn the corner towards the end of one month out of the rat race, but today I was thinking about what is different now than when I went to the office 5 days a week

Work 12 hour days — still the same.

Get up at 7a.m. — still the same.

Feel pressure to produce and perform — still the same.

Amount accomplished in a day — still the same.

So is anything different? Yes, my sense of freedom has expanded dramatically.

Now when you look at the things that are the same, you may be surprised, like I was that anything could change. Let’s deconstruct a little further.

What is different is just little things. I start work when I want rather than 8:15 each day, take breaks when I want rather than 10 and 3, I take lunch at about noon rather than 12-1 precisely. I don’t have to quickly close the browser when I’m watching a funny video and a co-worker or boss rambles into my cubicle. I don’t have to sit at my desk all day even if I would rather take my work to a café just to get a change of scenery.

You get the point I’m by now. Now don’t get me wrong, the place I worked was pretty good…it was not a bad place and my boss was the kind that never gave anyone any grief as long as they did their job. But it was still there, that awful feeling of being judged if you showed up late on a regular basis, and go work in a café, forget about it. If an executive walked by, you’d have hell to pay.

The funny thing is that these things don’t have any adverse affect on job performance, if anything I expect that there would be a positive correlation between a complete lack of structure in the workplace expectations and performance. If you’ve done any kind of decent recruiting job you’ve hired someone who understands responsibility they would probably become a better employee the more leash you gave them.

Now, if I slap on my employer hat, I know that it is easier said than done to trust your employees to that level. I cannot really speak from experience since I’ve always hired based on contract. It is a big leap of faith for an employer to let go of the rules.

The last thing that comes to mind is that it would be really fun, that kind of thing you do when you’ve won the lottery and no-one knows, is to just completely disregard the restrictive social norms of your workplace. Just act as if you were at home and, while maintaining your job responsibilities, just do completely as you please. Work in a café all morning, putting practice in the cubicle aisle, why not? Golfing on a nice day…you’ll make up the time in the evening. Would be a fun experiment to see how the
people around you react.

I’ll have to put it on my to do list for when I’m wealthy…get a job just to see if freedom can be maintained in a corporate environment [of course it's been done already].

This post was written by Jon Symons, see . Or use the contact page to get in touch.

Which of These Factors is Robbing You of Success?

Stumbling around the web a couple days ago, ie. procrastinating…more on that in a bit, I came across a real find. The site is called The ramblings of James D. Brausch but despite the casual byline I’ve found the ramblings to be mostly very worthwhile.

My favorite post that I found on his site [I have it printed out and taped to my monitor to serve as a constant reminder] is a post that he calls 3 Causes Of Failure.

1. Not taking action… Some people want to learn and learn and learn… but when it comes time to actually do something, they stall and come up with all kinds of reasons they can’t actually take some action toward their so-called goal.

2. Lack of focus… Others have made it past #1. They are taking massive action, but it isn’t focused on one thing at a time. They buy an ebook today and start on a project based on what it says. They do the same thing tomorrow. They never get back to finish anything.

3. Not following a proven path… A small minority have figured out #1 and #2 and are focusing on finishing one project at a time and taking massive action, but it’s wrong action. They have picked up some “gurus” advice on a forum somewhere and are following everything he/she says. Perhaps they picked someone with a very large post count, so they *know* they must be successful. The problem is that their mentor is actually a 14 year old kid that hasn’t ever tasted success themselves… they just hang out on forums giving advice to others.

I completely agree, it’s one or all of those three that are the root of every unsuccessful person’s situation. The post goes on into some detail about how 98% of the population waste all their time reading blogs and forums and buying ebooks and that these are the same 98% of the folks who will end up retiring with next to no money. Sad but it is true.

Continue reading

This post was written by Jon Symons, see . Or use the contact page to get in touch.