As you recall, in my previous several posts, I have been discussing the principles of success as laid out by Robert Kiyosaki in his Cash Flow books. These are Long Term Thinking, Delayed Gratification and The Power of Compounding.
Let’s review what we’ve learned so far. Long Term Thinking is the element of patience over the long haul. It is the skill of hanging in to see something through to its end. It’s not getting our attention swayed by distractions or “good” things when we are holding out for the “best” things in our lives. It’s holding on when others have let go.
Delayed Gratification is denying ourselves something now, to use it as a leverage over ourselves when we achieve something later. We could perhaps afford it now (or maybe not), but as we keep to the discipline of denying it to ourselves until we reach our goal, it helps us to find the motivation to achieve what we want.
The Power of Compounding is the secret that small things, done consistently and with discipline, combine into great things. It’s the secret of the snowball and avalanche. Alone, snowflakes are nothing, and melt easily. When combined into a snowball, they are a bit more intimidating, especially if someone is throwing it at you! When joined into an avalanche, they are devastating in their impact.
So, how can we put them all together?? We do it by remembering that while these secrets work well alone, they work even better together. The synergy created when all three are combined is very powerful!
Consider personal growth, for example. Books, CD’s and events with positive, motivating people are proven methods when used in combination for adults to learn and grow personally and professionally. However, the process takes time, and results are often not seen immediately. Over a year or three, however, the change becomes evident.
That’s because The Power of Compounding is especially powerful when paired with the Long Term Thinking and Delayed Gratification. While our penny a day example we discussed in The Power of Compounding post radically compounds over 30 days, in real life, The Power of Compounding takes time, and Long Term Thinking and Delayed Gratification are definitely required to see the process through. This is especially true in matters of personal and professional growth! Having patience with the process is a necessary skill successful people develop. Those who are quickly frustrated or bored will hop to the next shiny object to attract their attention, before The Power of Compounding, Long Term Thinking and Delayed Gratification has done its work in their lives.
So, what does all this have to do with success?? Remember my first post in this series when I was talking about the super-successful 1% born into the wealthiest, the 95% of most of us who aren’t super-successful, and the 4% who joined the wealthiest super-successful? The final 4% or so are those who were born into the 95%, but who through diligent work, study, learning and application of a few simple success principles launched themselves into the rarefied air of the 1%, making that total about 5%. In other words, they implemented the secrets contained in The Power of Compounding, Long Term Thinking and Delayed Gratification to achieve their goals and dreams!
The books, CD’s and events hosted by LIFE Leadership are a remarkable and simple way to achieve personal and professional success through The Power of Compounding, Long Term Thinking and Delayed Gratification. These are principles LIFE Leadership teaches, and where I learned most of what I know about them. I invite you to find out for yourself.