Thursday, 7 August 2008

Slight Edge

I tend to do a fair bit of travelling in my car, I don't like the thought of wasting time so I always make sure I have my i-pod which I can plug in and listen to some good stuff whilst I am driving.

Now I must have the most varied i-pod in history. Apart from my old school Led Zeppelin, Sex Pistols and The Clash I also have some modern R'n'B which my partner encouraged me into. There is also some weird stuff on there courtesy of my daughter such as Britney Spears and Girls Aloud!!

But by far the biggest category on my i-pod is personal development and it's this I listen to everyday when I am alone in the car. I love listening to the greats such as Jim Rohn, Denis Waitley and Anthony Robbins. Today I was listening to the Slight Edge by Jeff Olsen. This is one of my favourites and I think it brings together all of the personal development stuff and explains why people can often listen to personal development and yet make no changes.

We are conditioned into wanting instant results, whereas the truth is that often it is an incremental improvement. When we dont see those results we give up.

One of the stories on the CD I love is the 2 sons who are given a choice by their dying dad. Do you want £1million today, or a penny which will double everyday for 30 days? ***** beware I am going to spoil the ending here ;-) - yep after 30 days that penny is worth over £5million!! The power of compound interest.

How many of us realise that when we take credit out, do we really know the cost of that £100 purchase if paid off just on the minimum payment.

I remember lying on the floor with my dad reading the papers, they were all broadsheets in those days and too big for us to hold up and read so we laid it out on the floor. He used to show me the loans and mortgage offers and show me how much I would have to pay over the lifetime of a mortgage. It scared me so much it nearly put me off buying a house!

The main point of the slight edge is that every decision we make is a slight edge decision. Every time we decide whether to read a book that will teach us something (or log into your favourite wealth coach blog ;-) ) or watch TV we are making a decision that will take us closer or further away from our goal.

The point is its easy to do the right thing but its also easy not to. Reading 10 pages of an inspiring book won't make us successful overnight, just as watching an episode of Eastenders mean we will never succeed. But day after day these decisions make a difference, 10 pages of a book everyday equals about 15 good books a year - now that will make a difference.

So what are you going to do tomorrow that will take you a step closer, not a step further away from your goal?

1 comment:

Fay said...

My father became a self-made millionaire mostly through hard work and a belief that it was better to pay bank interest than Income tax. Borrowing money to earn money and to save money is different to borrowing money to spend on a house, car or other personal expense. I might add that my father also lived frugally. He taught:
If you can't make a penny, save a penny.
When in doubt, don't do it.
Fay