What you need to succeed isn’t brains or talent

Discussion in 'Investor Psychology & Mindset' started by oracle, 9th Jun, 2016.

Join Australia's most dynamic and respected property investment community
  1. oracle

    oracle Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,454
    Location:
    Canberra
    Read interesting article today. Lot of it makes sense.

    Full article here

    I think this applies to succeed as an investor as well or more importantly becoming financially free in your life.

    Interested in your views...

    Cheers,
    Oracle.
     
    HUGH72 likes this.
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

    Joined:
    18th Jun, 2015
    Posts:
    41,675
    Location:
    Australia wide
    HUGH72 likes this.
  3. Omnidragon

    Omnidragon Well-Known Member

    Joined:
    17th Oct, 2015
    Posts:
    1,693
    Location:
    Victoria
    I've seen people with a lot of grit not make it in life. Some things are beyond your control. Eg getting stage 4 cancer and see how focused you are on building wealth or how many houses you're going to buy.

    You have to be grateful for what you have. Lots of circumstances involved.
     
    Starbright likes this.
  4. datto

    datto Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    6,675
    Location:
    Mt Druuiitt
    Not a real fan of Jeff Bridges or Matt Damon. True Grit is not for everyone.
     
  5. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,035
    Location:
    Vaucluse, Sydney.
    haha....so now the latest buzz word or phrase for developing what I believe is and have often referred to as a 'sophisticated mindset' ......is now being called developing 'Grit'. lol


    My view is that it all starts from the mindset you have, and then how you choose to develop/change/mold/enhance it over time, that will determine to a very large extent how successful you are in anything. I see it as the foundation to everything. Ten storey buildings aren't built on sand.

    Whatever 'mindset' someone has determines what they choose to learn, focus on, how they react, contextualise issues and events, develop resilience, deal with 'failure' and challenges, accept complete self responsibility etc.

    Just my opinion.
     
    Last edited: 10th Jun, 2016
    Blueskies, Chabs and HUGH72 like this.
  6. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,786
    Location:
    My World
    Anyone do the grit test??
     
  7. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,035
    Location:
    Vaucluse, Sydney.
    Angela Duckworth


    Just did it for fun.

    Capture.PNG
     
    MTR likes this.
  8. MTR

    MTR Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    27,786
    Location:
    My World
    If you want financial success -
    This to me sums it up, I am a fan of "The Wolf of Wall Street"

    Of course life gets in the way sometimes, ie health issues, divorce etc... so you also need some luck in life

    “If you want to be rich, never give up. People tend to give up. If you have persistence, you will come out ahead of most people. More importantly, you will learn. When you do something, you might fail. But that’s not because you’re a failure. It’s because you have not learnt enough. Do it differently each time. One day, you will do it right. Failure is your friend.” – Jordan Belfort
     
    Taku Ekanayake and oracle like this.
  9. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    I scored 4/5. Higher than I thought. But then at times I have overcome ridiculous obstacles to get what I want, so I can see where they are coming from.
     
    MTR and Sackie like this.
  10. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,035
    Location:
    Vaucluse, Sydney.
    I'm with you on overcoming difficult obstacles mate. Recently Westminster just had a huge victory after persevering for quite a while. I reckon most would have just given up.
     
    Azazel and Westminster like this.
  11. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Agree... @Westminster awesome job!

    I was once told 'this can't happen, this won't happen' about a settlement for a property I was buying. It did happen, and we settled early ;)
     
    Westminster and Sackie like this.
  12. Taku Ekanayake

    Taku Ekanayake Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    1,060
    Location:
    Sydney, Australia
    @Leo2413 you obviously haven't heard of a place Dubai :p:D;)
     
    Sackie likes this.