Successful people have been studied in depth for more than
100 years. They have been interviewed extensively to determine what it is they
do and how they think that enables them to accomplish so much more than the
average person.
In this
Newsletter, you learn the most important single factor of long-term success and
how you can build it into your personality and your attitude. You learn how to
virtually guarantee yourself a great future.
The Harvard Discovery on Success
In 1970,
sociologist Dr. Edward Banfield of Harvard University wrote a book entitled The
Un-Heavenly City. He described one of the most profound studies on success and
priority setting ever conducted.
Banfield's
goal was to find out how and why some people became financially independent
during the course of their working lifetimes. He started off convinced that the
answer to this question would be found in factors such as family background,
education, intelligence, influential contacts, or some other concrete factor.
What he finally discovered was that the major reason for success in life was a
particular attitude of mind.
Develop Long Time Perspective
Banfield
called this attitude "long time perspective." He said that men and
women who were the most successful in life and the most likely to move up
economically were those who took the future into consideration with every
decision they made in the present. He found that the longer the period of time
a person took into consideration while planning and acting, the more likely it
was that he would achieve greatly during his career.
For
example, one of the reasons your family doctor is among the most respected
people in America is because he or she has invested many years of hard work and
study to finally earn the right to practice medicine. After university courses,
internship, residency and practical training, a doctor may be more than 30
years old before he or she is capable of earning a good living. But from that
point onward, these men and women are some of the most respected and most
successful professional people in any society. They had long time perspectives.
Measure the Potential Future Impact
The key
to success in setting priorities is having a long time perspective. You can
tell how important something is today by measuring its potential future impact
on your life.
For
example, if you come home from work at night and choose to play with your
children or spend time with your spouse, rather than watch TV or read the
paper, you have a long time perspective. You know that investing time in the
health and happiness of your children and your spouse is a very valuable,
high-priority use of time. The potential future impact of quality time with your
family is very high.
If you
take additional courses in the evening to upgrade your skills and make yourself
more valuable to your employer, you're acting with a long time perspective.
Learning something practical and useful can have a long-term effect on your
career.
Practice
Delayed Gratification
Economists
say that the inability to delay gratification-that is, the natural tendency of
individuals to spend everything they earn plus a little bit more, and the
mind-set of doing what is fun, easy and enjoyable-is the primary cause of
economic and personal failure in life. On the other hand, disciplining yourself
to do what you know is right and important, although difficult, is the highroad
to pride, self-esteem and personal satisfaction.
The long
term comes soon enough, and every sacrifice that you make today will be
rewarded with compound interest in the great future that lies ahead for you.
Action Exercises
Here are
three steps you can take immediately to put these ideas into action.
First,
think long-term. Sit down today and write out a description of your ideal life
ten and twenty years into the future. This automatically develops longer-time
perspective.
Second,
look at everything you do in terms of its long-term potential impact on your
life. Do more things that have greater long-term value to you.
Third,
develop the habit of delaying gratification in small things, small
expenditures, small pleasures, so that you can enjoy greater rewards and
greater satisfaction in the future.
- Shared by Haroon Baig