Aliko Dangote, Bill Gates, Folowunsho Alakija, Warren Buffett, Oprah Winfrey, Femi Otedola and other billionaires use this habit daily. See how you can too.
Through years of research, it was discovered that most successful individuals have developed some specific habits that have directly correlated to their achievements. One is an act that most of us are familiar with, but ignore or do incorrectly.
Thomas Corley extensively studied the habits of millionaires across the globe, and he found that without fail, wealthy people devote at least 30 minutes a day solely to a specific type of thinking.
For example, Jeff Weiner, LinkedIn CEO, schedules two hours of uninterrupted thinking time per day. Jack Dorsey, CEO of Twitter and Square said walking around and deeply reflecting is the “best investment he’s ever made.” And Bill Gates takes a week off twice a year just to think deeply without interruption.
How long do you actually spend thinking instead of just doing? And if you do think, are you doing it the right way?
For instance, on a busy day, many of us are guilty of jumping right into juggling multiple tasks at once (which is extremely detrimental to your productivity), instead of prioritizing and figuring out which tasks will most grow our business or career for the long-term.
The human mind is such an incredible machine, and if you master the habit of thinking, you can exponentially grow your wealth and success.
So how is thinking done differently by the ultra-successful?
First, make it non negotiable.
If Bill Gates and other mega-moguls can find the time for uninterrupted and focused thinking, so can you. Jeff Weiner does this by blocking it into his schedule, and turning off all his electronic devices. If you can’t do that, you can at least incorporate it into your lunch break, or make it part of your morning routine.
Granted, you might be swamped with tasks, and reflective thinking might not seem prudent when you’re overwhelmed, but you have to remember that your long-term success is always worth it.
Create and realize audacious goals.
Take five-minutes every day to picture what you want in life, and ask yourself if you did something that day that moved you closer to your goal. If not, picture what small steps you can do to catalyze that change.
The trick here is to not wish or dream. This habit might start in your head, but it needs to turn into an actionable, concrete game plan over time. A study from Harvard showed that people who have goals are ten times as successful as those without goals, and those who write them down are three times as likely to reach them as those who don’t.
This could be as simple as putting money into your savings account every week, or making a to-do list. These little stepping stones are essential for reaping massive amounts of personal and financial success.
Ask the Right Questions.
“The question I ask myself almost every day is, Am I doing the most important thing I could be doing?” — Mark Zuckerberg
When you spend time thinking, you need to ask yourself if you’re moving towards your ideal, future self, or just treading water.
For instance, with your financial success, ask yourself what else you could do to increase your wealth: are there options that you haven’t explored? Then be able to come up with proactive solutions one day at a time. By questioning and probing, you scrutinize your strategies to make them even more efficient.
Turn to Positivity.
Take this chance to ignite positivity in your life and eliminate unwanted stress that could drag you down. Even if present circumstances are rough, train your mind to focus on the long term results to keep you going.
Replace negativity with healthy thoughts that bring out your optimism, increase your energy, and uplift your spirit. In return, you will be able to cope up with the unpredictability of life because in your mind, you know that obstacles and failures are necessary to shape you into a better person.
Think About The Long Term.
Amazon CEO Jess Bezos once said that if you think about the long term, then you can make good life decisions that you won’t regret.
While you prepare yourself for daily tasks that you have to accomplish, you also have to analyze if your efforts are contributing to your long term success.
For example, you might be unconsciously sabotaging your own success with toxic habits that you have formed in the present. Thus, it is an absolute must to always align your goals to your strategies.
For instance, spending few minutes a day browsing of e-commerce sites/apps can lead you to overspending. You probably haven’t realized that this unnoticed act of yours is compromising your financial health.
To avoid situations like this, you always have to remind yourself of what you want to achieve in the future and what has to be done in the present to make it happen.
Jot 5 new ideas down.
“The truth is you have to have great ideas that solve problems to make money. If you do, you will attract money like a magnet,” writes Steve Siebold, a self-made millionaire who’s interviewed over 1000 of the wealthiest and most influential people of our time.
One way to incorporate this concept into a quick, daily routine is to jot down five new ideas every day. They don’t all have to be groundbreaking or even that great. The point of this simple exercise is to turn your mind into a well-oiled moneymaking machine that is primed to come up with new innovations and novel solutions that will make you rise to the top.
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Are there any ways you’ve used this habit (or plan to use it)? Please leave a comment!