by Jamie Tardy
“The biggest adventure you can ever take is to live the life of your dreams.”
? Oprah Winfrey
I bet you’re already familiar with the colloquial saying: “It’s harder to break a habit than it is to form one.” I was reminded of this last week when an enormously successful businesswoman, whom I greatly admire, told me she was putting a particular habit on her “to-don’t” list. It got me thinking… What bad habits have people like her eliminated from their lives that helped them get to where they are today?
Luckily, I’ve interviewed over 250 self-made millionaires. So I dug into my archives of interviews searching for answers. And I’m happy to report, I found what I was looking for. In this article we’ll explore the secrets and advice of twelve of these millionaires, who are all enormously successful in their professional and personal lives. Here’s what they have told me they refuse to do…
1. They refuse to let unsupportive people drag them down.
Abel James, Founder of award-winning podcast, Fat Burning Man, shared this tip with me: “Some of your friends, your family, certainly your co-workers, your ex-coworkers, and almost everybody on social media, will call you crazy and try to drag you down if you strive to stand out and do something different like I did. And even now, after I’ve been successful, a lot of people from my past are still like, ‘I don’t get it.’ Get used to the naysaying, and let the negative comments help you filter out the unsupportive people from the supportive ones. In the end, all you need is that tiny peer group that does understand.”
Don’t be afraid of the conflict that might arise in your own circle. When you start feeling like those who are supposed to support you are only trying to make it harder for you to succeed, don’t be discouraged: it’s only a signal that you’re not conforming to the limits that others have set for you.
Question: Who in your life drags you down and makes you lose focus on your dreams and goals?
Action Item: Make a list of the three people who support and encourage you.
2. They refuse to let others determine their path.
Edith Yeung, Founding Partner at RightVentures, told me, “My mom still asks me ‘Hey, when are you going to get a real job?’ I’m like ‘I’m working!’ Even after you achieve incredible feats, some people just won’t see it. This is why you can’t let others decide for you. You decide how you live your life, and as much as your loved ones love you, realize they don’t know it all – they don’t know exactly what path is right for YOU.”
You mustn’t be afraid to follow the pathways that perhaps only you can see at this point. They’ll catch up.
Question: Are you letting other people make all your decisions for you?
Action Item: Remove one roadblock currently distracting you from your goals. And if the roadblock is a person you love, just agree to disagree.
3. They refuse to be limited by faulty goal setting.
Brenton Hayden, Founder of Renters Warehouse, says, “Every goal you create needs to be a SMART goal. Specific, Measurable, Attainable, Realistic and Timely – SMART.”
You have to allow yourself to believe in your own ability: your capacity to create is only determined by your endurance and refusal to fall into the trap of poor planning. Set SMART goals that you can achieve and that keep you moving forward on a meaningful path.
Question: Do your goals fit the SMART formula?
Action Item: Pick one of your goals that do not meet the SMART goal formula and modify it so that it does.
4. They refuse to turn their past troubles into present excuses.
Aaron Pitman, Founder of API Domain Investments, states, “Historically, statistically, people who come from a great family with money and lots of things that are great, they don’t really push to succeed because they don’t feel like they have to. Sometimes when you come from troubled or rough times, you have a better chance at success. You just have to use your experiences to fuel your progress. You have to believe in something better.”
Any failure you might have experienced in the past isn’t relevant anymore. Whatever hardships or breakdowns that you were born from or bred into, only exist to bolster the perspectives that you aim for. Let your past be a symbol of what once was, not what is.
Question: What parts of your past have created limiting beliefs in your mind?
Action Item: Do something right now to help remove a limiting belief from your life. If it’s putting a positive affirmation on the mirror, taking a toxic friend out of your contacts, or deleting the Facebook app – just do something right now.
5. They refuse to stop dreaming and achieving, even in the face of failure.
Dan Martell, Founder of Clarity, has said, “After six years of trying and failing, and it not working, and people asking, ‘Well, what are you going to do now?’ it hurts. It’s hard when you’ve failed and everyone around you knows it and has something to say about it. And of course, then they start to doubt your present ideas too because they’ve seen you start other things that didn’t pan out. So, you know, that’s probably the hardest part – believing in yourself and your dreams even when it’s not working out at the moment.”
There’s a reason many people who set out to achieve end up unsuccessful, and it’s not because their goals were impossible to achieve. It’s due to the fact that these people can’t handle discouragement, and so they abandon their aspirations when they find themselves struggling. But remember, failures are simply the stepping-stones of growth and success.
Question: Have you let failures and setbacks distract you from staying on course toward your goals?
Action Item: Write down these failures and setbacks on a sheet of paper. Now tear it up and don’t look back.
6. They refuse to let scarcity driven fears hold them back.
Tim Hamilton, Founder of Astonish Designs, believes “…focusing on a world that is built on scarcity really does amplify fear. So I think it’s a battle that we all have to fight against – messages of scarcity – and forgetting to talk about what our capabilities are and all the endless possibility that exists.”
Have faith in your own ability to put out good work, as well as have an understanding of the nature of life’s abundance: success in everything can never be guaranteed, but there’s always an upside. A learning opportunity will find itself in every outcome, and that’s what successful people are looking for.
Question: What scarcity driven fears are holding you back?
Action Item: Grab coffee with a close friend and openly discuss your limiting beliefs and fears – bring the topic up and be honest. Compare and contrast the fears you both have about success, happiness, relationships, etc. And discuss how you can potentially overcome some of the thoughts that get in your way.
7. They refuse to think small.
Jim Bellacera, Founder of Successful Thinker, poses this question, “What happens when you set goals? You’re setting goals because you’re trying to make yourself do something that you wouldn’t normally get done by default – that’s the whole point. And even if you don’t hit a goal perfectly, you’ve made progress and you’ve done more than you would have otherwise.”
Bottom line: Shoot for the moon, and even if you miss, you’ll land among the stars.
Question: When was the last time you allowed yourself to dream big, REALLY big?
Action Item: Dedicate 30 minutes a week to thinking big and reviewing your most grandiose dreams and goals.
8. They refuse to chase people/customers (they attract them instead.)
Gabriel Weinberg, creator of the search engine DuckDuckGo and co-author of “Traction” says, “If you don’t have any product engagement, your product either isn’t good or you’re not attracting the right customers. Assuming you have some engagement, and thus some validation, then your only question is: How do you get your product in front of thousands of the right people?”
Those who achieve their goals focus their efforts on making a product or service that fits a known need – in other words, they build something to help a certain group of people. In doing that to their highest standards, the product or service is going to naturally attract the right customers, without having to hunt them down.
Question: What have you done to attract the right customers (even if your customers are employers that simply pay you dollars for your hours)?
Action Item: Write down the core focus of your business or mission and put it somewhere you can see daily. Make sure all your related efforts are authentic and true to your mission.
9. They refuse to run a project (or a business) without a proven system.
Jason Swenk runs the The Smart Agency Masterclass podcast and says, “When I started putting systems in place that’s when we really started to hit scale and get profitable.”
Running successful projects and growing profitable businesses are based on repeatable systems (i.e. processes/tools/habits that can be managed and measured). Successful people work hard to figure out how to be efficient with their time, delegate what they can, and create a systematic workflow that allows their projects or businesses to run as smoothly as possible.
Question: What systems can you put in place in order to operate more efficiently?
Action Item: Identify one inefficiency in your typical workflow and decide how you’re going to eliminate it.
10. They refuse to sweat the small stuff.
John Spense, a trusted business advisor, speaker and author, says, “I think it’s absolutely fine to strive to be the best, as long as you’re not burning yourself out every second. At the end of the day you’re making some money, you’re doing the best you can, you’re learning, you’re helping others, and you need to appreciate these truths. You’re doing something really cool that very few people can do, right? So you might as well not sweat the small stuff.”
While we’ve already established the benefits of having big goals for yourself, it’s important for us to touch on the importance of not being overwhelmed with the small stuff. Be reasonable when it comes to life’s inevitable daily obstacles that sometimes feel like they’re enormous. Keep things in perspective.
Question: What habits or reminders can you incorporate into your day-to-day to help you not stress over the little things?
Action Item: Open your calendar and put three 20-minute blocks of time every week where you’re going to do something to help you de-stress.
11. They refuse to make uneducated guesses.
Dan Miller, president of 48 Days LLC, has shared this tip with me, “We all need to have a little bit of knowledge first – even if we have the audacity to take the steps and take action, we still need guidance. That’s why the wealth of information we have access to today, through books, the internet, podcasts and blogs is just amazing! People can quickly become reasonably knowledgeable in any particular area if they put a little bit of focus study into it.”
Bottom line: You don’t have to spend all your hours in a university library anymore in order to gain intimate knowledge of a subject. There’s no reason to make an uneducated guess about anything. Practically all the information in the world is available at your fingertips with a simple online search and a little time and effort.
Question: What kinds of uneducated guesswork have you been participating in?
Action Item: Educate yourself – and read the point #12 below.
12. They refuse to stop learning.
Tim Ferriss, best-selling author, entrepreneur, angel investor, and public speaker, has told me, “The way you get the most out of every moment you have on the planet, whether that’s personal or for business, is by acquiring new skills and by gradually becoming better at what you do.”
Nobody enters their field knowing everything about their craft or market, and nobody leaves knowing everything either. As our economy and technology constantly evolve, one has to stay on top of their game in order to be able to utilize their skills to their best ability. The goal here is to keep an open mind and always tune in to what’s going on in the world as it relates to your work and passions. Ignorance and refusal to keep learning only benefits your competitors.
Question: What subjects are you actively educating yourself in?
Action Item: Read something new today, like a good blog post or chapter in a good book, that’s relevant to your journey.
The floor is yours…
What else would you add to the list? In your experience, what do successful people REFUSE to do?
Leave a comment below and share your thoughts with the community.
Author Bio: Jaime Tardy is a business coach and has interviewed over 250 self-made millionaires. She’s been featured on Yahoo’s homepage 6 times, CNN, TIME, and Fox Business and many more. Looking for the right tools to to maximize revenues in your business? If so, join her free “7 Days to $1k Challenge” now!
mara says
Excellent post. As Marc mentioned in one of his recent emails/posts, the true measure of success is how many times you can bounce back from failure. This is the crux of what separates the long-term success stories from the rest. Successful people refuse to let their failures run their lives forever. They move forward with new lessons and ideas.
Marc Chernoff says
Mara, I’m happy to hear my remarks in that email resonated with you. And I completely agree with your sentiment.
Susie Miller says
Bouncing back from failure is a Huge part of creating Success IMHO. So often, it is the choices I made after a failure that determine the success path forward. I have “failed forward to success” many times. Thanks for this great article and reminding me to refuse to do these things on my journey to greater success!
J.J. says
I think these 12 points are important, but I’d also reiterate what Marc and Angel preach in 1,000 Little Things about success and money. Too often we confuse success with making lots of money. The truth is, there are many aspects to success – material wealth is only one factor. Success also includes good health, energy and enthusiasm for life, fulfilling relationships, creative and intellectual freedom, emotional and psychological strength, a sense of love, and lasting peace of mind.
Jaime says
I agree! Thankfully most of the millionaires I interview put money as just ONE of the aspects that are important. I actually think most of them think health and energy is – because if we don’t have that we don’t have the ability to create material wealth either! 🙂
They seem to embody personal development values in all aspects (at least the ones I get introduced to! 🙂
Warmest,
-Jaime
Peter Owen says
If you believe you can, you might. If you know you can, you will.
Successful people refuse to “know” otherwise.
Thank you for publishing another great read on M&A.com.
Rose Costas says
This was such a great post at the right time. I will most definitely be incorporating all of this in my life. The one thing I would add and I am sure it could be said it was included but I will reiterate is that successful people refuses to find excuses for not succeeding. It doesn’t matter how, what or where, they never let anything stand in their way.
I will make sure I keep this post as a reminder for the rest of the new year as my motivating factor.
Thanks
David Nesbitt says
Awesome!!
Jaime says
Awesome to hear!! It’s the habit to continue improving that matters right? 🙂
sarah says
I love the article, but then I love all the articles. You guys are good. We all want to be successful, and I’m going to put a lot of these tips into to use. The first one being not shrinking back when I hear from the doubters and naysayers. They are not going to live my life for me. Keep up the good work.
Marc Chernoff says
Thank you for the kindness, Sarah.
Bren Murphy says
Love this post.
The actions of grit, resilience and resolve are present in so many of these examples – it is simply about maintaining focus and not letting the clutter and distraction of others effect your overall drive. Thanks for sharing this!
Bren
Jaime says
Yes! Have you ever seen the “Key to success is Grit” Ted talk? SO good!!
Lucy says
Great Post.
As an artist, i find it easy to lose focus and get distracted. This post helps remind me of the important, practical aspects of running a business. I especially love the action items and will make time to complete them and revisit them on a monthly basis. Thank you once again for an inspiring post. 🙂
Chan says
*APPLAUSE*
Great post guys! I really enjoyed this. Gave me the kick in the butt to get motivated and inspired to do better.. Not just in work but in life..
christine says
HI,
The year is drawing to a close and I wanted to say how much I’ve enjoyed reading your posts. In the last 18 months I’ve been having treatment for cancer and have been inspired/motivated by your words. I’m well and looking forward to my holiday with my son and grandchildren. Thank you for keeping me afloat!!!. best wishes
Marc Chernoff says
Thank you for the kindness, Christine. Please stay strong. Angel and I are both sending prayers of strength and joy your way.
Peter Banerjea says
Excellent post Jaime! Loved No 4 most of all. Its interesting to note that people like Rockefeller and Carnegie, two of the wealthiest people in history began with nothing!
Thanks!
Peter
Jaime says
Thanks so much Peter!!
Abdullah Maghrabi says
I really enjoyed the structure of the article. I can leave the page with actions and commitments that will pull me back to the track.
“The harder to break a habit harder than its forming one”
Thanks a lot.
Tor Refsland says
Great choice of guest writer, Marc and Angel 😉
Jaime, that was an extraordinary article.
I really enjoy reading the vast knowledge that you have learned from the millionaires you have been interviewing.
I also liked the question and action item after each tip.
Well done, my friend.
High five *SLAP*
Tor
Jani Suoranta says
Hiyo!
Great post, as always. I’ve been reading M&A during couple years every now and then and when I come back I always ask myself why I don’t come here more often… 😀
This blog breeds me so much positive mindset that has a straight effect on daily living. As a competing athlete I also find most of these points very important to keep in mind or rather to live according to.
Cheers!
Susan RoAne says
These are some excellent insights. There is another school of thought on setting goals that I learned from an interview with Barry Diller, CEO of IAC. When asked about setting goals, he laughed and said, “No I don’t. I would never have achieved this because I could not have imagined it. I was open to opportunities and said, “yes.”.
Nikki Curry says
Thank you for giving me a big boost of reality. Your article is a great reminder of we can’t allow the negative chatter, doubters, and even ourselves get in the way of us achieving our dreams. We must do what’s necessary to achieve our dreams. ~Nikki Curry
Lionel A. Frederick says
I have also refused to allow anyone to do my thinking for me. I have been called crazy. Not being human among other names and have actually accomplished all my dreams even when all others told my how impossible my ideas really are even when I am looking at my success not too far away.
I am now readjusting my current goal formula to fit in my plan and have told the police here in Canada that the price for my Integrity is more costly than Sin. I will not be stopped, I will commit no crime and will not be bought
I have been very successful in accomplishing goals that no other human being has recorded to have done and am currently refusing to give up on my current future goal plans even though the Police in this Country of Canada has in-sighted that I fail if I never receive my CSW Diploma that I have been qualified for. They have stated that it will give me too much recognition.
The Youths Internationally are my interest. They must be Crime free. Drug free and Successful. I do have the resourcefulness.
Paul says
That was a great post. Thanks.
I particularly resonate with the not letting failure get in the way. I’ve found fear of failure has held me back from doing things and making progress. I’m spending a lot of time questioning and understanding my actions (or inaction) to get to the root cause. The more I know why, the easier it is for me to find ways to overcome the fear.
Lain Ehmann says
I’m late to the game here, but I’ll add mine: They refuse to make decisions solely based on emotion. It’s great to have a gut feel about something, or to feel passionately about your business, but successful people are willing to look at emotion as just a single input that needs to be backed up with facts or experience.
Thanks for a great piece! I”m sharing in my weekly round-up this week.
Matt Gallant says
Great article. Thank you for writing this. I like number 7. Always think big. As an entrepreneur, we must set our standards higher than the normal.
Orawan Jitpugdee says
Thanks for the amazing rules!!! May I please add “Start doing them all today” as #13? :))))