Summary of today’s issue

🔑 #1 - How compound learning works

🔑 #2 - A story of how a real estate investor just kept swimming (and won)

🔑#3 - Save yourself with more gratitude

🔑#1 - How compound learning works

I recently hosted two investors who were asked the same question:

what do you advise a young person early in their career?

They both looked over their shoulder, and after confirming that it was a confidential space said: “you need to work incredibly hard”.

Not everyone needs to be successful, rich, etc. You can live a perfectly good life without any of this.

But if your goal is to stand out in your craft there is no replacement for effort and time.

Imagine a chess game.

You’re playing against a grandmaster, but each time they move once, you get to move twice.

You’ll win.

If you doubt this - grab a chessboard with a friend and give it a try.

Now, let’s talk about compounding.

If your competition is clocking out after 40 hours, and you’re spending 100 hours working then for every 1 year of work they put in, you’re getting 2.5 years of work.

Think of the difference between a 1-year-old baby and a 2.5-year-old.

One of them is mostly crawling. The other one is running around, stringing sentences together, and getting ready for preschool.

Now think of the difference between a 4-year-old and a 10-year-old.

That’s the power of compounded learning at work.

🔑#2 - Just keep swimming

Following Beth on Twitter makes me want to be more persistent.

This deal is worth a read 👆.

She bought a property, then realized she missed an important element in the lease called an exclusive. This meant a large pharmacy client couldn’t lease a property in her ‘mall’ because the other tenants had a clause preventing pharmacies from entering the space.

She works, negotiates, and pleads her way through obstacle after obstacle, and eventually, she succeeded in a big way.

It’s a story of incredible persistence, but also cookies.

I enjoy these stories because it reminds me just about any business problem, no matter how horrible is likely solvable.

With enough effort & creativity, humans can achieve anything.

🔑#3 - Gratitude is the antitode

I’m a big believer in the power of gratitude.

If you’re a grateful person, you see the world through rose-colored glasses. Your life is less painful.

If you’re not naturally an openly grateful person, you can train yourself.

I fabricate games around habits that I want to develop.

Matt teaches you a game here to flex your gratitude muscle:

Set a timer for 3 minutes, and take turns going back and forth with a friend for 3 minutes non-stop about things you’re grateful for.

Something magical will start to happen after you play this game. You will start to notice things you’re grateful for in your day-to-day. Try it.

This applies to business too.

Business can be incredibly hard. Play the Gratitude Game with yourself and think of things you love about what you do.

This exercise will help you become more self-aware of your needs.

By knowing what you’re grateful for, you can spend time on those things while hiring or delegating the things you’re not grateful for.

Have a great week,

Sieva

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