Tuesday, May 9, 2017

What Do Warren Buffet and Tony Robbins Have in Common?

Last week, I wished you a week of consistently living your “just for today” list. The point was that if you live each day without regret then in the tough times, you can embrace the sorrow and move on. How did you do and how are you doing? Remember, this is a process not just a onetime exercise.

What do you think Tony Robbins and Warren Buffet would say was THE best investment they ever made? “Tony Robbins went from working as a janitor to being a multi-millionaire who sells inspiration for a living. Warren Buffet, one of the most successful investors of all time, is currently worth almost $75 billion.

Both of these legendary businessmen say THE best investment they ever made was not a stock or financial asset. It was a class.”

Did you guess this? Through a class taught by Jim Rohn; one of the greatest motivators, speakers and authors of his time, taught Robbins that the most important work he could do in his life was working on himself.”

Instead of focusing on all the things out of his control, Rohn’s message was to focus on what WAS in his control. AND as Urban Meyer talks about in his book Above the Line, taking responsibility for your actions is what is in our control. The blaming, complaining, and defending our actions is below the line and does not move us forward.

“I could improve myself; I could find a way to serve, a way to do more, a way to become better, a way to add value,” writes Robbins in his book Money: Master the Game. Notice that his learning helped him realize that by himself learning and growing and becoming better; he could, in turn, impact so many others. He was taking total control over what was in his control. He didn’t spend a lot of time blaming his upbringing, or all his struggles. He focused on learning new skills, learning what successful people do and duplicating those actions rather than listening to the naysayers trying to hold him back. He learned to surround himself with positive people.

“Buffet learned a similar lesson. He was terrified of public speaking when he was young. To force himself to face his fears, at age 20, Buffet signed up for a public speaking course with the Dale Carnegie Institute.” He didn’t stop there. “After graduating from the course, Buffet went to the University of Omaha and, to fully overcome his phobia, he asked to teach a class.” You can find more information in Tim Ferriss’s book Tools of the Titans which is about the habits and processes of successful people.

According to Buffet, “there’s no financial investment that’ll ever match investing in yourself. If you develop more skills more abilities, more insight, more capacity, that’s what’s going to really provide economic freedom…It’s those skill sets that really make that happen.”

So what can we all learn from these two giants who are yes, exceedingly wealthy in the financial arena? First and foremost, their success did not happen overnight, it did not happen in a couple weeks or a couple months. Their success DID come because of hard work, learning, failing and learning more, focus, and consistently persevering despite what others were saying. They did NOT stop learning and growing despite their financial achievements. 

In fact, they both continue to be voracious readers and learners even today.
Buffet is now 86 and Robbins is 57. Wouldn’t’ it be easier to kick back and enjoy life because “you’ve made it?”   These are men who have impacted the lives of so many others through their mentoring, through their philanthropic focus, through their abilities to reach a wide variety of people in their speaking engagements etc.

Both of these men have had an attitude of doing “whatever it takes.” They saw advantages not obstacles. They didn’t use excuses when there was failure, they used those failures to learn and adjust. They found mentors, coaches, successful people as role models as they understood that what they focused on was what expanded.

If the greatest investment, according to Warren Buffet and Tony Robbins, is to invest in yourself, how much are YOU investing in YOURSELF? Are you where you want to be financially? Are you where you want to be being able to give to nonprofits or other organizations that are important to you? Are you where you want to be in your relationships with your spouse/significant other, your children, your parents, your colleagues etc? 

Are you finding that you use your age, your difficult situations, your struggles with relationships, your lack of money etc. as excuses? Do you find yourself focusing on lack and obstacles OR do you focus on pushing through those obstacle to move forward without excuses?

My personal opinion is your focus to be The Best You that You Can Be will be a direct reflection on the actions you take toward investing in yourself.

What are you reading? Who are the people you’re surrounding yourself with? What are you listening to? Are you dedicated to listening to personal development CD’s etc. while you’re driving? Do you have an educational fund which would allow you to take a class or attend a seminar?

If you believe that Buffet and Robbins are correct that the greatest investment is investing in yourself then how do you rate yourself in investing in yourself?

The first step is to decide whether investing in yourself is important to you. If it is important then take the time to rate where you stand TODAY with a focus on investing in yourself. Be honest. If you say it’s important, then your true focus will be to take action.

That action might be to read or listen to a book from Tony Robbins, Jim Rohn, or others. It might be to change what you’re listening to in the car, it might be to look for a class or a seminar, etc.

Each week, as I write these blogs, I wonder how many people are truly wanting to take action in making the most of each day and improving themselves. It’s the 80/20 rule. 80% of the people reading these will possibly make a slight change for a short time. 20% of the people will actually take action and make that action a habit. Which one are you? 80% or 20%?

I wish you a week of deciding if investing in yourself is THE best investment you can make in yourself and what action you are willing to commit to on a consistent basis until it becomes a habit. I look forward to hearing from you.



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