Oct 282013
 
Habits, Traits, & Principles of the Successful

Successful people are not lucky.

They simply follow a different ‘guidebook’ of habits, traits, and principles which Mr. & Mrs. Average do not either choose to or know about. Chances are, they are living far too much of their lives awash in the conventional wisdom, advertising/PR, and/or mass media entertainment sources to have dug far enough below the surface to hit the gold veins that would transform their lives from the inside-out.

However, let it be said that its never too late to grow into these!  I’m living proof, as it took me several decades post graduation from traditional schooling to have struck the gold. And, now that I have, the veins continue to appear: all over the place!  There is no shortage of world class information to make these veins produce additional gold; in fact, there’s so much that quite some time ago, I made it a large part of my life’s purpose to spread & share what I’ve learned with as many humble, honeable, & hungry people that I am able to build relationships with.

And, with the above mission in mind, here are ten to study, learn from, and live each & every day:

[1]  Have a Focus & a Purpose in Life.

+ Focus like a laser, and not like a flashlight.

+ Know your “Why” – this is imperative!

+ Define your purpose. Mr. Orrin Woodward thought so much of this, he used it as foundational Resolution 1 in his landmark book, ‘Resolved’  (!)

+ Keep in mind that purpose, legacy, and destiny are Level 3/highest of the high/ motivators. Once you find yours, your life will feel far more complete and fulfilling.

[2]  Always strive for Excellence

+ Self explanatory, yes?   However, one would be surprised, mildly, or perhaps more so, to find how many aren’t. Mediocrity and same-ness are prevalent in mainstream culture. “Home to work”, “home to work” …  is the mentality. And, when not working, you may find these same folks who are not living up to their potential holding their favorite sports teams to a super high standard.

+ Be the example. You’re the project. Not someone else – unless you are living intentionally for excellence in all areas of your life, you cannot in good stead point out others’ perceived imperfections or attempt to correct them.

+ Rise above the crowd. The crowd has fallen prey to a little known (yet becoming more clear) factor called ‘Sturgeon’s Law’ –  One has to read NYT Best Seller, ‘LeaderShift’ to be educated in depth on this law, however, in short form, it means that the crowd, defined as the 90%, will be average at best.

[3]  Always leave people better off than before you met them.

+ Every interaction you have with someone else can be scoreboard’ed on a scale of 1-5. Keep yours at 4 or 5 always.

+ Study books like ‘The Great Connection’, ‘Personality Plus’, ‘The Five Love Languages’, & ‘Positive Personality Profiles’

+ Be an encourager & a cheerleader. The world has too many discouragers, cynics, unhealthy skeptics, & correctors.

[4]  Take Responsibility

+ Look in the mirror. You are always the final responsible party. If you have/own a ‘victim card’, toss it in the trash, never to be played again.

+ Sometimes, taking responsibility means you accept fault when something is out of your control. However, leadership entails such high levels of ownership of situations, people/followers, and the resulting circumstances.

[5]  Always take on new challenges.

+ Living in one’s familiar zone won’t result in the success that is earned by those who are in the pool and moving against the current. The current will be given new life by those who stretch and grow in all areas. A challenge is an open opportunity; don’t pull down a shade over it.

+ The mindset of a winner and a climber is that of someone who takes things on with ambition and determination. Create the new reality by tapping into your vision. Overcome the goliaths and achieve the private/personal, public, and leadership victories that are yours for the taking.

[6]  Produce, regardless of the situation you’re in

+ Excuses are useless. Don’t ever make them. Find reasons to produce something remarkable.

+ Never whine. Never complain. Never make excuses.  Wooden’s set of three’s is just as applicable today, a few years after his passing at age 99, as it was when he was growing up.

[7]  Have a strong work ethic

+ You’re entitled to nothing except life, liberty (freedom), and the pursuit of happiness. Natural laws, as so brilliantly espoused by Patrick Henry in his 7 Resolves { 1765 } , are the governing ‘rules of the road’ for true leaders.

+ Laws that encourage anything remotely resembling entitlement are those which successful people repel. Earn your stripes by what you do to make yourself better, and then, thereafter, to go out and serve others.

[8]  Invest in yourself.

+ The monies one earns should be paid to ‘You, Inc.” first ahead of anything else. No one can take away wisdom, knowledge, and learned truth(s) from you unlike they can a house, a car, electronics, or sports gear.

+ The poor have big TV’s; the wealthy have big libraries. A generalization? Sure. Are there exceptions? Sure. However, for the clear majority of cases, this holds true. Study spending & investment trends to find out.

[9]  Persevere.

+ Jack Canfield & Colonel Sanders come to mind – both were extremely successful. Yet, each man found rejection after rejection until someone said ‘yes’

+ Adversity quotient is incredibly valuable; in the aforementioned book, ‘Resolved’, it ranks as number 12. What is your IQ x EQ x WQ = AQ ?

+ Failure is simply an event, and not an individual. Failure is a huge part of success. Be sure you know how to reframe & how to learn from each setback.

[10]  Ability to prioritize.

+ Stephen R. Covey taught this crucial success principle the best in his Habit 3.

+ Have you drawn out your entire life and segmented into ‘priorities’, ‘obligations’, and ‘urgencies’?   Or, at least, done this by the day, week, month, quarter, or year?

+ Priorities should align with your mission(s), purpose, and your dreams. They will get you from “A” to “B” fastest of all, while your obligations and the urgencies will act as anchors.

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Hope this post, like all others, has added value to you. Comment if you’ve been especially impacted – always welcome feedback at all times.

And … a huge & heartfelt …

… Thank you to Mr. Alex Nickerson for inspiring this content!  Having met him once in person & seen him another time, his credibility in putting forth this kind of content is clearly reflected in the successes he has realized thus far in his life.

Aug 112013
 
What you do MATTERS -- Serve. Pay forward. Give. Bless Others.

Ripples in the still water…

They are caused by something which breaks the stillness; something which serves as the cause, while the effect is palpable to the naked eye …

Who among us, likely while with your parents on a hike, a camping trip, or at a retreat, hasn’t tossed a rock into a pond, a lake, and watched with glee as your act caused something so obvious?  Raising my hand, I am one of them 😀

So, why would we, as adults, not apply this same principle to your life?

What you do MATTERS.

Here’s the principle I speak of. This is not a new idea, yet I wished to cover it today, as earlier this summer, I was privilved to hear a moving talk from an accomplished business owner ** ( w/ her husband ) who re-told the story that I’ve linked back to at the bottom of this post. The story is a core of the ‘Butterfly Effect’ , and is synonomous with ripples from a smooth stone tossed as a young child. Rather than re-tell that story, let’s use it as inspiration – print it off, and refer to it often …

Let’s apply this to our lives today. Stop spending so much time on obligations that only benefit ourselves and which have limited value to our families, trusted friends, and our society. Our families are the cornerstone of our culture – thus, the butterfly effect, the ripples, matter – and our culture is in dire need of an infusion of leadership that rises from organic growth of our own thinking. Our friends are valuable, so why would we not spend time and effort cultivating those relationships?  That will ripple.

And, social capital can only be rebuilt by conscious focus on restoring values which will bring satisfaction in our business ownership (or our careers/jobs), our faith/spiritual development, our marriages/parenting, and in our time spent community building (anything from the YMCA, PTA, church youth groups/VBS, et al.)

Yes, what you do MATTERS. Focus on priorities! Match your calendar to them at all times. No excuses, please. If you rank something as #1 in your life, it should be #1 on your calendar in terms of the time you spent on it, as often as possible. Sure, urgencies will arise; so long as you remember Covey’s ‘Big Rocks’ vid clip, the visual should stick with you  to guide you back onto the path in case you are knocked off of it.

It is a privilege of mine to serve others, paying forward world class/gold medal information which has the highest potential to lead to the butterfly effect in others’ lives. Help one person/family/entrepreneur fix an issue and grow their servant leadership?  Define their purpose? Sharpen their vision?  Up their adversity quotient?  Fix their finances at the deepest roots?  Those are ripples. They are priorities for those folks, right?  So, the stone and rock tossed is the information, that which, once learned & applied, will effect the change.

How amazing a feeling to shake hands, hugs, fist bumps, and pats on the back with the people whose lives you bless!  Up your count. Give of yourself & pay forward transformational info that has benefited you/your family/your business. And, you will have  your own opportunity to be the Moses, the George W. Carver, the Henry Wallace, and the Norman Borlaug in your own ways.

+ + +

** Thank you so very much, Laurie Woodward, for your ability to inspire through stories! The story that she cited can be found elsewhere; however, here’s a great source that is found easily online > http://lifetoday.org/connect/words-of-life/the-butterfly-effect/  <

Jun 302013
 
The never-ending value of audio based learning

The only edge that you have in this economy – which is moving ever faster & deeper into the internet/connected/tribal/information age – is how much of a learning culture you’ve immersed yourself in. This culture could be a mastermind group, a community that you’ve built, a challenge (such as the MFC) that you participate in with friends, or even just by yourself.

Part of this learning is necessarily audio based. Adults tend to learn best by being impacted from all their senses — eyes ( reading, video ), ears ( see this post. ), and via “touch” ( positive association with others of like mind, purpose, and vision. ).  A topic like this could easily form the thesis of a whole book; thus, this post will cover a major theme of the value of such learning.  Learning, framed w/ the right mindset ( humility, honeable, hungry ) can easily equate into wisdom, as you learn how to discover, which is a core of true education.

With that foundation, laid, below is a list of the many fundamental reasons why you should invest in your own thinking via audios:

+ + + + +

> They put a lid on your own self-talk, so you don’t take advice from yourself. Bottling up your personal negativity is a key forward step to living for significance and not just survival..

> They substitute in something that is positive & valuable to help grow yourself.

> The impartation of timeless principles of success and good living.

> They take the place of the world’s dominant media, the vast majority of which is very negative, de-edifying, and lacking in wisdom.

> An input into building a strong attitude & sharpening your purpose.

> Give you staying power and persistence, allowing you to get through low points, valleys, and the inevitable bumps in life.

> They start to build an entrepreneurial mindset, one of an owner.

> The building of dreams, encouragement of belief in something bigger than your present reality.

> They teach principles of self-confidence, posture ( steadfastness ), & individuality ( vs. negative peer pressure/conforming to the crowd )

> Principles of consistency, which are lacking often in a society that is so steeped in a microwave mentality that pits the ‘quick fix’ ahead of ‘staying the course.’

+ + + + +

May you find this insight valuable on your own pathway to personal growth, change, and as you learn how to serve others first. Thank you for taking the time to read, and all the very best!

______________________________

* with sincere, heartfelt appreciation to Mr. Chris Brady, whose talk inspired the content of this entire post ( some of the wording and organization of the points was mine – icing on the cake 🙂 )

Jun 092013
 
Three Keys - will you learn from & apply them?

Just today, I had the privilege to be able to attend a book signing event at which numerous inspirational and encouraging messages were shared which served to add doses of wisdom,  education, and humility to the proceedings.

Encouragement can often take the form of truths that one may not want to hear, yet it is often the truth that one doesn’t hear that can make the difference between everlasting personal change & growth and mediocrity. Mentorship, being the highest level of service to another, puts the student (mentee) in a position of required understanding of a quote that’s been attributed to Sir Issac Newton:

What we know is a drop, what we don’t know is an ocean.

So, what are some keys that are life changing truths, if understood, learned from, and applied?

There are many. No question this topic could comprise a book all by itself, let alone a thesis, or a dissertation in the credentialist world. In the creator/builder world, these keys equally apply, and in fact, hold more water as someone who owns something has more stake in growing personally in order to satisfy the demands of the free enterprise economy that he/she lives.

For the purposes of this post, thought, the subject is on point; there are 3:  The one message I heard tonight rang like a tuning fork as it applies so very well to life, to the success / significance that many would like to achieve, let alone to a leadership/coaching/education business designed around the purpose of serving others, and serving them to the utmost levels. A visiting pastor from Detroit * delivered this message and these cores are:

<1> Take 100% Responsibility for yourself

The opposite?  Making excuses, whining, complaining, pushing issues into the hands of others.

Rather, if you change your belief, your belief system can itself be completely changed. Additionally, you can achieve your dreams by putting the responsibility in your hands, and not looking outward, but rather inward, for owning your own life.

<2> Live your life on Purpose

Discover, and be doing it!  You have the responsibility to do the job right, as you have more control over your life than anyone else possibly could. The great achievers have vision and purpose, and the extraordinary have strategies to use both. Never allow your dreams to die — wrap them around your purpose.

<3> Go the EXTRA mile

Render more services than for which you are paid. Until you begin to give, you won’t get; God profits the doer, and believing in expending effort and hard work while being completely responsible and focused on one’s purpose all work in concert as keys to a growth journey.

We cannot ‘pretend’ a lot, or at all, since it effects our future directly. Be cognizant of Newton’s quote, be anchored to your vision, and be faithful. The results will astound you!

———

* With much appreciation to Pastor A.F. Adeniji for inspiring this post —

http://www.rccgwcd.org/index.php?option=com_content&view=article&id=36&Itemid=70

Dec 232012
 

Culture. That word alone can be the theme of an entire book!  So, suffice to say, I will not be delving in too deeply, just skirting the word’s meaning/definition and tying it into the words ‘credential’ (-ist) & ‘consumer’ to form the core of this pre-Christmas post.

As the West has always faced its share of challenges, two of these are much more recent, and perhaps have eluded the radar of many citizens, those being the rise of an overly credentialist and consumerist culture. What are the definitions & tell-tale signs of each, one might ask?

Credentialist:  Someone who believes that they are an expert, and knows all there is to know based strictly on having various paper-based, classroom-focused credentials, whether a B.A., B.S., M.A., M.B.A., J.D. or post doctoral coursework.  A person(s) who believes he/she/they can make decisions for others who may not have as much schooling*

Consumerist:   A person(s) who, incidentally or otherwise, puts consumption of goods & services ahead of production; Someone whom does not anchor their consumption to what they can actually afford based on their production, but rather, uses credit to expand their income beyond their means to pay in the present without selling off their future; lastly, someone who does not know, understand, or ignores the vast difference between expenses & investment.

Here’s why I believe both of these to be challenges that require a firm and even-handed response:  Both are acting together, and in some cases separately, to erode the foundations of free enterprise and the traditions of the West which brought countries like the United States and Canada unprecedented prosperity.  How so, one might ask?

First, while I’d not say there is anything wrong with classroom based schooling, there is something wrong when men & women get credentials and any of these happen thereafter:

1. He/she/they cannot find a stable career that pays back the time spent in earning the credential(s)

2. The credential offering institution does not focus on entrepreneurship as a way forward.

3. The schooling leads to thinking which does not offer the student(s) the mindset to know and understand “How” to think, rather than just “what” and/or “when”.

4. The debt burden for attaining the credential(s) puts the student in financial bondage.

5. The credentials lead to a way of thought that says “I earned “X” , therefore I am smarter than you” and I am immediately qualified to make decisions for everyone else.

6. The schooling does not recognize or teach that values like creativity, tenacity, innovation, humility, character, & purpose matter, and always will matter.

Second, while every one of us is a consumer of goods & services, putting consumerism on a shelf and almost considering it a religion to be worshipped, that is where the common, every day need to consume crosses over into the challenge for us to recognize, face, & counter-act. Here’s why this matters:

1. Consumerist culture alone pushes too many citizens into financial bondage to credit card companies, banks, leasing agencies/firms, marketers, advertisers, & Hollywood/NY/Miami celebrity trends.

2. Seed corn/wheat is a metaphor for having money always available to invest in oneself. (no, I’m not talking about 401(k)s and stocks) – when one is a consumer above most/all else, he/she often not only has no seed in reserve, but actually OWES seed to someone else — i.e., a bank!

3. Compound interest is the 8th Wonder of the World in some respects, and not only does it have such a label, it is also, sadly, a mystery to the majority of citizens, who haven’t had financial education in the K-12 (conveyor belt) schooling (and often not much more, if any, in undergrad or graduate professional track curriculum)

4. Consumerism often puts pleasure and short term thinking well ahead of happiness and mid to long term vision.

5. Being that there is a gigantic difference between investment & expense, it is crucial to grasp the concept of delayed gratification, and how buying books, listening to audios, attending seminars & conventions, and the like is an investment in one’s MIND, and therefore, has a return that cannot be measured in mere dollars and cents alone. Expenses come and go out of one’s wallet, and often draw a person(s) into bondage to others, especially if compound interest is involved, without the same return.

6. There is nothing at all amiss with having fun, and entertaining oneself; however, restoration and serving others is far more valuable than just spending money to have temporary fun, esp. if its seed wheat, on something that is often not remembered even a week later.

To bring these both together and tie to the response needed to counter-act the challenges posed, I offer up some thoughts, and some references to other sources.

Response A : Read. History will show that many many great men & women did not have so much schooling, yet they were highly educated. If you don’t read much, or at all now, start small:  15-20 mins./day-night, and build a habit. Trade those 15-20 for wasted time already in your day:  while waiting for an appointment; while (in park!!) in a traffic jam; by turning off the radio or TV in a 1:1 ratio to time spent in a book.

Response B : Listen. Audios (CD, mp3, vid clips, webinars) are golden. Learn from someone else’s experience(s) – especially someone who may not have any press clippings, however, he/she has the ‘fruit on the tree’ and has earned the responsibility to lead, and thus is worth following.

Response C : Associate positively. One can spend time most anywhere and for any amount of time, yet, is it in an environment where education is primary, and does it encourage personal growth and change that will ripple outwards into society?

Response D : Pay it forward/Serve others. If you have read a great book, listened to a fantastic audio, or been to an event that inspired you to find your purpose, sharpened your vision, and taught you principles and not pragmatism, bring someone else with you next time!  Give that book or audio to a friend(s) who may be struggling with life’s circumstances.

Response E : Do not confuse schooling and education. Being in school is one thing, but is the student coming out on the other end of the tunnel with an education?  Therefore, look into a self-directed/liber education, and understand how many in the West had just such an education and changed the world ( Jefferson, Madison, Washington, Franklin, et al. )

Response F : Use an acronym like “Y-D-I-L” as a financial education tool.  Y = You, Inc. Invest in your mind first, always. D = Debt. Pay off all consumer debt as quickly as you can, ahead of saving or investing in non mental things. I = Investment. This is the classic type of investment that the conventional wisdom teaches; nothing wrong with it, however, it comes after the first two letters. L = Lifestyle. Be a consumer last. Of course, you have to eat and buy clothes, and shop for a place to live with a roof; otherwise, never let an advertiser, PR specialist, the mass media, or a celebrity/sports star convince you to part with your hard earned income to “look like” him/her/them.

Response G : Understand the value of production. Study, think like, and learn from entrepreneurs. Even better, become an entrepreneur!  What you learn from the transition from employee-ship type thought to ownership type thought is priceless; there’s no dollar value that can be placed – it is that important to the future of our culture and the restoral of the Western world that reigned supreme for centuries.

 

Nothing but the best to one & all. May you find your North Star, and put service ahead of self!  Blessings & good will to my readers. 🙂

Oct 212012
 

Today, I want to address a topic that can be sensitive to many, especially living in the economic times that we do here in the US, and that is the crucial difference between investment & expense(s).

This post will not go in depth into the textbook definitions, nor will it serve as a step by step guide, however, my goal is to just blow up a few myths and bad, or even obsolete, information re: these, and ideally, help you think deeply when it comes to your money.

First, high high level.  What is an expense?  I define it as something that you exchange your money for that doesn’t offer any long term value, return (ROI), or which grows your wealth or reduces your debt burden.  Let’s briefly cover each of these:

1. Long term value. Many excellent authors/business owners/entrepreneurs have made crystal clear that money is NOT something you simply trade in exchange for a good or object; it is much more – money should create memories, and most definitely, bring something back to you that doesn’t simply last for a day, a week, or a month. What you get back must have value that carries on a least a year, and even better, a decade or more.

2. Return ( ROI ). Rate of return, for the purposes of this post, is simply summed up as —  did/will you receive something of value back, over an adult time frame, for what you spent your money on?  ROI is not necessarily just measured in financial terms (such as if you were able to pay down debt quicker by buying a financial pack to apply principles that you were never taught); it can also be measured intangibly: Did you sign up any new clients in your consulting business due to that seminar on people skills you attended?  Have you been able to get on the career path/track that you wanted after pursuing more credentialist based (professional track) education?

3. Reduction of debt / Growth in wealth. Growing one’s wealth/assets runs inversely to lowering one’s debt(s)/liabilities. And, keep in mind, a mortgaged home is a LIABILITY, not an asset, unless you have rented it out and are receiving recurring rental income. From that perspective, expenses need to be reduced, including paying off consumer debt, and eventually investing in ‘hard’ assets, like bullion metals, later on down the line. Growing one’s wealth requires buying back time, having a systems based model, understanding the power of compounding (of interest, of invested monies, et al.), & delaying expense based gratification until you can truly pay or whatever you want in cash based equivalent(s).

________________________________________________________________________________________________________________

Now, let’s move on to investments. Investment is not what you may think!  Let’s start w/ understanding that investment in one’s mind most definitely counts just as much as investment in something paper-based ( like stocks, mutual funds, bonds, or REITs ). The vehicle of a 401(k) or its functional equivalent has only been around for 30+ years, yet it seems like it, or the becoming obsolete pension plan gets mentioned most when this word is discussed in the mainstream of society.

Don’t get me wrong:  these are all investments, however, how much stronger is your mental fitness if you just put 10% of your W-2 income into a 401(k)?   Will you be closer to true wealth?  Unlimited time & money choices?   Perhaps a step or two, or ten, yet think bigger and more metaphorical (in depth):  what about directing some of these monies into your mind?   That’s a key threshold to cross when it comes to understanding even better the critical distinction b/w expenses and investment.

Here are some examples of investment now that we’ve set this foundation in place:

1.  Building a library.  Whether its a virtual (read: e-book) library, meaning you invest in an e-reader/tablet & download books online or via app, or the other way, where you buy paperbacks or subscribe to receive them monthly, this is a perfect starter example for someone who wants to invest in the mind.  We’re all worth minimum wage from the neck down; all the great leaders of history, from Napoleon, to Teddy Roosevelt, to Thomas Jefferson — they read. A LOT. Books matter. They expand your horizons, expose you to lessons you can learn from by living someone elses’ experiences, and you can apply what you read to your life immediately.

2.  Audio Learning.  Subscribing to, or buying audio material – whether books, podcast downloads, mp3’s, CDs from seminars – they all count. Audio is an excellent complement to reading, as it engages different areas of  your brain, and rounds out further the investment in your mental fitness.

3. Attending Seminars / Streaming webinars. Association with other climbers, those who are on the success curve of life, and whom understand the critical importance of ‘You, Inc’ investing, know that being around others who are growing from the inside out, who value personal change, will put monies into this category.

4. DVD / web videos ( YouTube ).  Another option as technology continues to evolve is to purchase, subscribe, or click on a link to have vids sent to you to watch. Visual learning on your own time is still another investment vehicle that will pay great dividends on your leadership development/self help journey.

5. The final one I’ll list is a BIG one. I would strongly and unequivocally urge everyone to do this:  Start a business. Own something, an asset that is yours, which will generate income that is not subject to a third party and will allow you to direct monies away from expenses and into the above options I listed.

 

 

 

 

 

 

To put a capper on this post:  I wholeheartedly believe that entrepreneurship and self-directed learning, investment understood in a much different way than what is the “CW” , and outside the realm of pure ‘credentialist’ institutions, is a crucial element to being able to maintain freedom (see my earlier blog posts) & to strengthen your financial standing in our internet/connected/information age world. The industrial age is gone, regardless of what the politicians are saying in this election cycle; the sooner you invest in ‘You, Inc’, and turbo-boost your mental fitness, the better off you will be.

All the very best & God Bless.

Oct 132012
 
Legacy & the Laws - Resolve to Avoid Decline

I had the privilege & great fortune to read the ‘full version’ of this landmark book, appropriately named ‘Resolved: 13 Resolutions for LIFE’ about 9 mos ago (my full review/recommendation is found on my second blog )

Now, the author, Mr. Orrin Woodward, has released a ‘Primer’ version, which will serve to further spread the crucial message of how important it is for modern day citizens to again build a foundation base on the core principles (resolutions) = those such as Purpose, Character, Vision, Leadership, & Adversity Quotient, to name just a handful.

Today’s post is focused squarely on the capstone resolution, #13 in both editions/versions = Legacy.

Legacy was also discussed in Mr. Woodward & Mr. Chris Brady‘s best-seller (on multiple well known lists!), LLR , as being part & parcel of Level 3 motivation.

In this chapter/resolution, we, the readers, are exposed to a topic that needs a LOT more attention in the world as we know it today, with societies and cultures in many cases declining due to various root causes – such as a lack of leadership, hubris, financial illiteracy, an excessive ‘peace & affluence’ mentality, too much cynicism/doubt, & too much of a focus on credentialism instead of true education. Mr. Woodward has come up with Five/5 Laws of Decline based on the thousands of books he has read, the thousands upon thousands of people he has met, and the many US states, Canadian provinces, and other nations of our world that he has visited.

Below is my brief commentary on these Laws (there’s no way I could top Mr. Woodward’s scholarship 😀 ) & how they tie back into entrepreneurship, freedom values, & setting your purpose to be laser focused on servant leadership & ownership.

5 Laws of Societal Decline 

1. Sturgeon’s Law

– Simply put, 90% of anything is substandard & doesn’t have ‘value add’ — the proverbial “noise” , the chaff to the wheat, to coin a couple simple ways to reframe what Mr. Sturgeon stated back in the 1950’s.  This clearly applies to leadership — how often we associate the word ‘leader’ too loosely to a person with simply a ‘credential’ , a flashy title, a ranked ‘position’ in society.  Once you apply this law, you end up finding out that only 10% of those ‘leaders’ are actually LEADERS. (caps intended for emphasis)

2.   Bastiat’s Law

– I had vaguely heard of Mr. Bastiat back during my professional track (i.e., under-grad) education, however, it took this excellent book to truly bring out how valuable of a contribution he made! I have a ton more to learn about him, needless to say 🙂  In short, though, this law states that the average man or woman will seek to satisfy his/her wants by putting exploitation and ease ahead of earning it through hard/smart work, over time. Therefore, you see how quite a few, sadly, respond emotionally to appeals of non leader politicians who use crass class warfare to pit class against class.

3. Gresham’s Law

– This one is deep!  And, oh so obvious when applied to the institutions that many of us are a part of, deal with, or must interact with daily. It states that non quality/unproductive will triumph over quality/productive; and, furthermore, what’s rewarded will increase over what’s not. There are several great examples in this chapter, however, my favorite, which is very timely, is how the value of the US Dollar, the world’s reserve (fiat) currency, continues to decline, since the Federal Reserve (‘Fed’) continues to devalue it every time they print more to buy more bonds – so, consumption and debt/financing (“money as a master” to Mr. & Mrs. Jones are being rewarded over production and savings/investment (“money as a slave”) to the same folks.

4. Law of Diminishing Returns

– I love the succinct description of this law:  Quantity up, quality down ( once a certain threshold is hit/exceeded.).  How true this is!  This is one reason why there’s so much discontent with large institutions in present day society;  think of it:  how effective is a large governmental agency?  how many mergers can a large corporation go through before its performance and quality of work, let alone the products/services offered show signs of less value add?   That’s why I personally no longer put any confidence in big business, big labor (unions), big government, or big educational institutions. The future is in tribal leadership, communities, entrepreneurship, & leadership/liber education.

5. Law of Inertia

– I am far from a scientist, nor was I a systems engineer like Mr. Woodward in his pre-leadership days 😀   In my eyes, this law is simple – unless you do something that is opposite from the crowd/herd, or more colloquially, the ‘sheep’ , you will run smack into this natural, universal law!  Another way to sum up:  Whatever the ‘CW’ (conventional wisdom’) says is the “right” thing to do – think of the popped ‘bubble’ in the housing market, or the quickly developing ‘bubble’ in professional track education, it’s much better to head the other way.  Sam Walton touched on this in Chapter 17 of his book:  Rule ’10’ , Swim Upstream.

I see a direct correlation from these laws back into having a defined purpose and being an owner/entrepreneur. An entrepreneur builds something to go from problem identified to problem solved, by offering a service to bridge the ‘opportunity’ gap in the middle.  Only entrepreneurs will be able to counter-act/balance these natural laws from causing irreversible decline as they continue to chip away at our societies. The freedom values of ingenuity, initiative, innovation, & tenacity rarely are found in any of the ‘big’ institutions discussed above; however, you’ll find them in abundance when you move into tribes (Seth Godin & Oliver DeMille discuss this in depth: read their books), communities (mini-‘factories’ , little platoons), and in the realm of leadership education .

Readers, please strongly consider investment in yourself – be an owner, build an asset, join a community/tribe, and pursuea add’t self-directed education outside of the ‘credentialist’ big institutions. When you have a purpose of serving others and being a 10% (read: true) leader, you will have taken big steps down the journey of moving against, and not towards/with, the 5 Laws so vividly discussed in this incredible book.

All the very best & many blessings to one and all.