How to Double Your Salary! (Part 7)
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The Mindset to Skyrocket Your Career How to Double Your Salary! (Part 7)
Good morning!
Our Dad and I were Very Close, but he was Very Tough on my brother and me!
Maybe it was a generational thing, a habit. But as I remember it, he yelled at us, all too often.
Perhaps you’ve experienced this. I hope not.
It was awful!
Eventually, I got over it. Maturity and good therapy helped.
But until I sorted it all out, I kinda bounced along, up and down. I was relatively successful but middle of the pack.
The other day, I was reading Investors Business Daily newspaper who quoted Norman Vincent Peale.
According to Wikipedia, Norman Vincent Peale was a pastor and an author and was awarded the Presidential Medal of Freedom.
Peale authored the bestselling book ‘The Power of Positive Thinking’.
Investors Business Daily quoted Peale, “The trouble with most of us is that we would rather be ruined by praise than saved by criticism.”
Which reminds me of my dear friend Reggie. . .
As I mentioned, in my early years I had somewhat of a mixed self-image – very self-confident in some ways and tentative, hesitant in other ways.
Given my Dad’s approach and tone, I was uncomfortable receiving criticism and constructive feedback, also known as suggestions for improvement.
Reggie was a top trader on Wall St. In fact, he was the top trader in his asset class for 11 out of 12 years. Amazing!
Reggie taught me. . .
“Be detached so you can make rational decisions without any emotions to cloud your thinking. Leave your emotions at the door.
That enables you to be open to new ideas and better ways of doing things. That’s when innovation and stellar performance shows up.”
On more than one occasion, Reggie said to me, “Arthur, you have to leave your ego at the door and embrace feedback. Grab all the feedback you can get and find the pearls of wisdom. Use the gems to advance and get ahead.
And if the advice is poor or irrelevant or the speaker isn’t an A-player, move on. Don’t let them get to you. Criticism and constructive feedback are the ingredients for super success!”
“Create a decision-making framework. Put yourself in a good position to make the best decisions under the circumstances.
When I trade stocks, options and futures and other financial instruments, I determine why I want to make an investment – what are the driving factors that will generate a positive rate of return. And what are the driving factors that could cause the investment to go south, to lose money.
I create rules about what price or price range where you’ll purchase a stock; and what price or circumstances you’ll sell a stock.
By creating a roadmap, a decision-making framework outside of market hours, you’ll eliminate the variability and emotion and significantly increase the likelihood you will succeed.”
After the fourth or fifth time Reggie shared his wisdom – his secret sauce – I finally adopted his approach and framework.
That’s when I Really Started to Advance and My Career Skyrocketed.
I became open to feedback. In fact, I welcomed feedback.
I continually looked for feedback and better ways to do something – continuous improvement!
As the internationally recognized motivational speaker Zig Ziglar said, “When you give feedback and criticism, address the behavior; never attack the person.”
Let’s flip Zig Ziglar’s words upside down. . .
When someone gives you feedback, consider their words as a gift, not a personal attack. Even if their intentions aren’t clear.
Look ahead, look to the side, look behind you – for the gems that will fuel your success to new heights!
Don’t let a naysayer or critic drag you down.
Reach for the stars. Put one foot in front of the other and keep moving forward.
Look at mistakes and failures as an opportunity to learn, grow and succeed bigger, better and stronger!
For more success tips and techniques, click here.
Have a great one!
Arthur V.
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Disclaimer: OH and Please Remember, we are Not financial advisors, financial planners, attorneys or accountants and are Not providing any specific financial, tax or legal advice here. Be sure to conduct your own due diligence and consult your own professional advisors to get sound professional advice that’s specific to your financial and personal circumstances, risk tolerance, time horizon and investment goals and objectives among other key factors!
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