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Monday, October 22, 2018

Gary Vee vs. Budget Boss: 10 Mental Shifts for Success

Gary Vaynerchuk is a pretty interesting guy. He honestly reminds me of my friends growing up. We all were blunt, and our main goal was to come up with the biggest chirp of the day. Put aside the edginess and bravado and you have a smart, humble dude who is straight up killing it. Now I don’t always agree with Gary Vee, especially about his choice in a football team, but he is right on point with his post from last week. Gary believes success is all about mentality and I couldn’t agree more. Gary touched on it with his post, “10 Mental Shifts for Success in Business.” I think his post should include “or Life” at the end of it because these points will translate to success in both. Today I will go over Gary Vee’s post on 10 Mental Shifts needed for success and add my thoughts about it.

 

1) Figure Yourself Out

This is obviously a tough one and that’s probably why he mentioned it first. Gary starts off by saying self-awareness is the key to his success. He describes how there are many, many people out there who hate their jobs. Growing up I saw it firsthand. Both my parents didn’t particularly like what they did and still do for a living. They worked long hours and came home miserable, with good reason. Their bosses sucked, the work was hard, and not very rewarding. This, as Gary explains, is why people have a hard time putting in long hours. I believe you have to find your “Why,” and it will propel you. My parents “Why” was/is me and my brother and being able to retire comfortably. That was enough for them. I am thankful for that as now I have the chance to pursue work that is more meaningful to me. Self-awareness is what it is all about, as once you figure yourself out, you can figure out your place in the world.

 

2) Do What You Love

This goes along with point one. Gary says, “Look yourself in the mirror, and ask yourself: “What do I want to do every day for the rest of my life?” Do that.” This is easier said than done, but if you follow rule one, it becomes much more simple. Your passion must drive you. Gary says it doesn’t matter what your passion is, you must follow it. The cynic in me disagrees with him there, but the realist in me understand that he is right. He says it doesn’t matter if your passion is Smurfs or even Spongebob. How the hell do you make money off Spongebob? The freaking internet that’s how. Yep, I don’t get it either, but he is right. If you are passionate about something, you can definitely monetize it using the internet. You just have to do your research, which you will, because you love what you do.

Financial Advisor

 

3) Put in the Work

This blends from the point above. Do what you love but work hard at it. Gary proclaims that part of what gives him an edge over competitors is that he is willing to outwork all of them. Talent is not enough, and neither is passion. You have to put in the work. Gary mentions his immigrant father who came to the US with nothing and after years of hard work and little pay was able to reap the rewards of his labor. Seeing my Dad being able to retire early after years of the same thing makes Gary’s points ring true. The work must be there. 9 to 5 is ordinary, and you cannot expect extraordinary results from ordinary efforts.

Entrepreneur Skills that Pay the Bills – Budget Boss

 

4) Don’t Dwell on Mistakes (Everyone else is already doing that for you)

This is a tough one, very tough. If you have a brain on you, making mistakes is tough to swallow. Gary shines a different light on it. He explains how the mistakes he has made become a distant memory once they are done. He moves on quickly, regroups and adjusts. As I transition fully into my career as a financial advisor I see this motto as extremely valuable. Those dwell on mistakes are lost. You must move on quickly or else the zone you will reside in is truly tortured. Gary mentions how there are enough people out there who will make your mistakes known that you don’t need to worry about them. People will try and point out your faults as an obvious cover to their own. Let them. Win so big that any mistake you have made is laughable. You can only do that by not dwelling.

 

5) Be 100% Accountable

This is a tough one. It is always our natural instinct to blame others. We see it at home, at work, in politics, in sports, just about everywhere. Why am I broke? Justin Trudeau. Why is my marriage failing? My wife ignores me, and I am forced to seek love elsewhere. Why can’t I get the promotion? My boss picks favorites. Those are all losing attitudes that deflect accountability. Gary says he takes the blame for almost everything in his organization. I can attest to this point whole-heartedly. My life dramatically changed when I was able to realize how bad I was fucking it up. My relationships got better, my wallet got fatter, my drama’s quieted down and peace was obtained. When you do not accept accountability, you give someone else power and they have control. When you take the blame, you are now in control. Gary says, “Accountability sits very close to Happiness.” He’s right.

 

6) Be Grateful Right Now

Here is another tough one, but once the shift is made it is simple. Getting caught up in the day to day minutia of life drags us down. It makes us miserable, terrible people when in all reality, life could be worse. Chances are if you are reading this, you have eyes, and you definitely woke up this morning. That’s a solid start. It doesn’t mean you don’t have problems, and that those problems aren’t meaningful. I look at it this way: The fact that you realize you have problems means you are of sound mind and therefore you are capable of solving them. That is a beautiful thing. Think of what sound mind can do for you. A sound mind is all Stephen Hawking had, and he changed the world. Gary touches on the persecution, genocide and terrible things that happen in our world. Over here, we are so fortunate to have what we have. Coming from bad health I see this as so very important. Being grateful will change your outlook, your friendships, the way you vote, and the way you work. Gary is right, you are the best, so go do shit.

 

7) Be a Practitioner

Ever wonder why they call Dr. Dre doctor? Does he have a degree? Nope, but he is definitely worth billions. Dre took doctor like precision to his craft. Gary mentions how we have turned into a society of headline readers. We are all guilty of it. There is so much information out there that it is hard to keep up. If you dive deep, you will win. It will be the major differentiator between you and everyone else. Everyone is trying to make a quick buck or do as little work possible to get the max reward. Be different, be thorough. When people start to see what your all about, you will win and win a lot. Gary hits the nail on the head here. Hone your craft and you will see amazing returns.

Financial Advisor

 

8) It’s better to be fast than to be perfect

This one was lost on me till I fully read it. Gary says speed is a billion times more important than perfection. I am starting to see how true that is. There are several reasons why I think this is true. Firstly, true perfection is almost impossible to obtain. The best you can hope for is to do something right with as little mistakes as possible. So if you cannot obtain true perfection, you might as well do it fast. Look at Apple, LG, Volkswagen, and other large companies. How many times do they mess something up, and they stay in the game and keep making record profits. Secondly, you can time yourself out trying to seek perfection. The world might pass you by while you are looking to be the best. This is why you must fit as much work as possible into your day, and not waste time. It isn’t an easy thing to do, but it will definitely change your productivity.

 

9) Don’t Care What Others Have

“You don’t want the same things that your friends want. So why do you care what they have?” Damn, mind blown. Envy is one of the 7 deadly sins for a reason. It consumes us, takes us over. We can’t judge ourselves based on what others have. It’s always a losing proposition. Gary explains how he doesn’t find his inspiration in other affluent individuals but instead finds it in the everyday people trying to get by. If you saw how he dresses, you would know he isn’t lying. The Rolexes, fancy cars, big houses don’t mean a thing. You can’t keep up with the Joneses, so why try. I agree with this whole-heartedly. The win comes from within, so aspire to be like people with the character traits you admire, not the stuff you admire.

Why is Money Important to You? – Budget Boss

 

10) Care about your legacy more than your bank account

It must be about legacy. Gary is obsessed with legacy. He says every decision he makes is based on producing the best possible outcome in terms of legacy. The goal is to leave your world better than it was when you got it. If you strive for that, short-term financial goals become meaningless. If you strive for that, long-term financial freedom becomes a reality. It’s all about heart and showing the ones you love that you truly care. Everything else is literally just fluff. “It’s not about what’s in my bank account. It’s about how many people will show up to my funeral,” Gary Vee. Try to add another person to that invite list every day. That’s what it is all about.

 

Gary’s post hit me hard and I suggest everyone should read it. It’s a big deal how we are, how we act and how we treat those around us. I think if we try to follow these 10 mantras’, success is inevitable. That’s the goal, it must be.

Read Gary Vee’s Full Post Here

“People are chasing cash, not happiness. When you chase money, you’re going to lose. You’re just going to. Even if you get the money, you’re not going to be happy.” – Gary Vaynerchuk

Financial Advisor

7 Keys to Building Wealth That Anyone Can Follow

Email – joe@budgetboss.ca 

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