13 habits of self-made millionaires, from a man who spent 5 years studying rich people

by Darpan Sachdeva

-Via Business Insider (Kathleen Elkins)

All self-made millionaires had to start somewhere.

Much of their transformation from ordinary to seven-figure status can attributed to “rich habits,” a term coined by Thomas C. Corley, who spent five years researching the daily habits of 177 self-made millionaires.

“From my research, I discovered that daily habits dictate how successful or unsuccessful you will be in life,” he writes in his upcoming book  “Change Your Habits, Change Your Life.” “There is a cause and effect associated with habits. Habits are the cause of wealth, poverty, happiness, sadness, stress, good relationships, bad relationships, good health, or bad health.”

The good news is all habits can be changed, Corley notes. Here are a few “rich habits” of self-made millionaires that you can start developing today

 

1. They read consistently.

 

1. They read consistently.

Bill Gates is an avid reader.Bill Gates Foundation

The rich would rather be educated than entertained. As Corley writes, “Eighty-eight percent of the rich devote thirty minutes or more each day to self-education or self-improvement reading … Most did not read for entertainment … The rich read to acquire or maintain knowledge.”

Corley found that they tend to read three types of books: biographies of successful people, self-help or personal development, and history.

 

2. They exercise.

2. They exercise.

Scott Barbour/Getty Images

“Seventy-six percent of the rich aerobically exercise 30 minutes or more every day,” Corley reports. Aerobic exercise includes anything cardio, such as running, jogging, walking, or biking.

“Cardio is not only good for the body, but it’s good for the brain,” he writes. “It grows the neurons (brain cells) in the brain … Exercise also increases the production of glucose. Glucose is brain fuel. The more fuel you feed your brain, the more it grows and the smarter you become.”

3. They hang out with other successful people.

3. They hang out with other successful people.

Tristan Fewings/Getty

“You are only as successful as those you frequently associate with,” Corley writes. “The rich are always on the lookout for individuals who are goal-oriented, optimistic, enthusiastic, and who have an overall positive mental outlook.”

It’s equally important to avoid negative people and influences, Corley emphasizes: “Negative, destructive criticism will derail you from pursing success.”

 

4. They pursue their own goals.

4. They pursue their own goals.

Spanx founder and self-made billionaire Sara Blakely.Paul Morigi/Getty

“Pursuing your own dreams and goals creates the greatest long-term happiness and results in the greatest accumulation of wealth,” Corley writes.

While too many people make the mistake of chasing someone else’s dream — such as their parents’ — rich people define their own goals and pursue them relentlessly and passionately.

“Passion makes work fun,” writes Corley. “Passion gives you the energy, persistence, and focus needed to overcome failures, mistakes, and rejection.”

5. They get up early.

5. They get up early.

Ryan Pierse/Getty Images

Nearly 50% of the self-made millionaires in Corley’s study woke up at least three hours before their workday actually began.

It’s a strategy to deal with inevitable daily disruptions, such as a meeting that went too long, egregious traffic, or having to pick up your sick kid from school.

“These disruptions have a psychological effect on us. They can drip into our subconscious and eventually form the belief that we have no control over our life,” Corley writes. “Getting up at five in the morning to tackle the top three things you want to accomplish in your day allows you to regain control of your life. It gives you a sense of confidence that you, indeed, direct your life.”


6. They have multiple sources of income.

6. They have multiple sources of income.

Jeff J Mitchell/Getty

“Self-made millionaires do not rely on one singular source of income,” Corley states. “They develop multiple streams. Three seemed to be the magic number in my study … Sixty-five percent had at least three streams of income that they created prior to making their first million dollars.”

Examples of these additional streams are real-estate rentals, stock market investments, and part-ownership in a side business.

7. They find and check in with mentors.

“Finding a mentor puts you on the fast track to wealth accumulation,” Corley writes.

“Success mentors do more than simply influence your life in some positive way,” he continues. “They regularly and actively participate in your success by teaching you what to do and what not to do. They share with you valuable life lessons they learned either from their own mentors or from the school of hard knocks.”

8. They’re positive.

8. They're positive.

Self-made billionaire Mark Cuban.Steve Jennings/Getty Images

“Long-term success is only possible when you have a positive mental outlook,” Corley states. “In my research, positivity was a hallmark of all the self-made millionaires.”

The problem for most people is that they’re completely unaware of their thoughts, positive or negative, he explains: “If you stop to listen to your thoughts, to be aware of them, you’d find most of them are negative. But you only realize you are having these negative thoughts when you force yourself to be aware of them. Awareness is the key.”

9. They don’t follow the herd.

9. They don't follow the herd.

REUTERS/Toby Melville

“We so desire to blend in, to acclimate to society, to be a part of the herd, that we will do almost anything to avoid standing out in a crowd,” Corley writes. Yet “failure to separate yourself from the herd is why most people never achieve success.”

Successful people create their own new herd and then pull others into it, Corley says: “You want to separate yourself from the herd, create your own herd, and then get others to join it.”

10. They have good etiquette.

10. They have good etiquette.

Drew Hallowell/Getty

“Self-made millionaires have mastered certain rules of etiquette principles you have to master if you want to be a success,” Corley writes.

These include sending thank-you notes, acknowledging important life events, such as a wedding or birthday, eating politely and using table manners, and dressing properly for various social events.

11. They help others succeed.

“Helping other success-minded people move forward in achieving their goals and dreams helps you succeed,” Corley writes. “No one realizes success without a team of other success-minded people. The best way to create your team is to offer help to other success-minded people first.”

You don’t want to give help to anyone and everyone, Corley notes: “You want to focus on helping only those who are pursuing success, are optimistic, goal-oriented, positive, and uplifting.”

12. They dedicate 15 to 30 minutes a day to just thinking.

12. They dedicate 15 to 30 minutes a day to just thinking.

Alan Crowhurst / Stringer / Getty Images

“Thinking is key to their success,” Corley observes. The rich tend to think in isolation, in the mornings, and for at least 15 minutes every day.

“They spent time every day brainstorming with themselves about numerous things,” he explains. The topics range from careers and finances to health and charity.

They ask questions such as, “What can I do to make more money? Does my job make me happy? Am I exercising enough? What other charities can I get involved in?”

13. They seek feedback.

 

“Fear of criticism is the reason we do not seek feedback from others,” Corley writes. “But feedback is essential to learning what is working and what isn’t working. Feedback helps you understand if you are on the right track. Feedback criticism, good or bad, is a crucial element for learning and growth.”

Additionally, it allows you to change course and experiment with a new career or business. As Corley says, “Feedback provides you with the information you will need in order to succeed in any venture.”



 

Darpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

Never Stop.Never back down – (Motivational Video)

by  Darpan Sachdeva

Do you feel struggling some times, struggling hard and want to give up on your dreams?

Do you get the feeling to get in to the comfort zone and be safe and sound from adversity around you face?

I came across the video down below by motiversity with some tonic for motivation to come back to your road path to your dreams and from getting distracted. Let me know in the comments if you have enjoyed it. I personally did a lot…..




Darpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

How to Stop Procrastination-Authentic study

by Darpan Sachdeva

-via James clear

procrstainate

Procrastination is a challenge we have all faced at one point or another. For as long as humans have been around, we have been struggling with delaying, avoiding, and procrastinating on issues that matter to us.

During our more productive moments, when we temporarily figure out how to stop procrastinating, we feel satisfied and accomplished. Today, we’re going to talk about how to make those rare moments of productivity more routine. The purpose of this guide is to break down the science behind why we procrastinate, share proven frameworks you can use to beat procrastination, and cover useful strategies that will make it easier to take action.

What is Procrastination?

Human beings have been procrastinating for centuries. The problem is so timeless, in fact, that ancient Greek philosophers like Socrates and Aristotle developed a word to describe this type of behavior: Akrasia.

Akrasia is the state of acting against your better judgment. It is when you do one thing even though you know you should do something else. Loosely translated, you could say that akrasia is procrastination or a lack of self-control.

Here’s a modern definition:

Procrastination is the act of delaying or postponing a task or set of tasks. So, whether you refer to it as procrastination or akrasia or something else, it is the force that prevents you from following through on what you set out to do.

Before we get too deep into this discussion, let’s pause for just a second.

Why Do We Procrastinate?

Ok, definitions are great and all, but why do we procrastinate? What is going on in the brain that causes us to avoid the things we know we should be doing?

This is a good time to bring some science into our discussion. Behavioral psychology research has revealed a phenomenon called “time inconsistency,” which helps explain why procrastination seems to pull us in despite our good intentions. Time inconsistency refers to the tendency of the human brain to value immediate rewards more highly than future rewards.

The best way to understand this is by imagining that you have two selves: your Present Self and your Future Self. When you set goals for yourself — like losing weight or writing a book or learning a language — you are actually making plans for your Future Self. You are envisioning what you want your life to be like in the future. Researchers have found that when you think about your Future Self, it is quite easy for your brain to see the value in taking actions with long-term benefits. The Future Self values long-term rewards.

However, while the Future Self can set goals, only the Present Self can take action. When the time comes to make a decision, you are no longer making a choice for your Future Self. Now you are in the present moment, and your brain is thinking about the Present Self. Researchers have discovered that the Present Self really likes instant gratification, not long-term payoff.

So, the Present Self and the Future Self are often at odds with one another. The Future Self wants to be trim and fit, but the Present Self wants a donut. Sure, everyone knows you should eat healthy today to avoid being overweight in 10 years. But consequences like an increased risk for diabetes or heart failure are years away.

Similarly, many young people know that saving for retirement in their 20s and 30s is crucial, but the benefit of doing so is decades off. It is far easier for the Present Self to see the value in buying a new pair of shoes than in socking away $100 for 70-year-old you. (If you’re curious, there are some very good evolutionary reasons for why our brain values immediate rewards more highly than long-term rewards.)

This is one reason why you might go to bed feeling motivated to make a change in your life, but when you wake up you find yourself falling back into old patterns. Your brain values long-term benefits when they are in the future (tomorrow), but it values immediate gratification when it comes to the present moment (today).

The Procrastination-Action Line

You cannot rely on long-term consequences and rewards to motivate the Present Self. Instead, you have to find a way to move future rewards and punishments into the present moment. You have to make the future consequences become present consequences.

This is exactly what happens during the moment when we finally move beyond procrastination and take action. For example, let’s say you have a report to write. You’ve known about it for weeks and continued to put it off day after day. You experience a little bit of nagging pain and anxiety thinking about this paper you have to write, but not enough to do anything about it. Then, suddenly, the day before the deadline, the future consequences turn into present consequences, and you write that report hours before it is due. The pain of procrastinating finally escalated and you crossed the “Action Line.”

procrastination-action-line-chart-700x467

There is something important to note here. As soon as you cross the Action Line, the pain begins to subside. In fact, being in the middle of procrastination is often more painful than being in the middle of doing the work. Point A on the chart above is often more painful than Point B. The guilt, shame, and anxiety that you feel while procrastinating are usually worse than the effort and energy you have to put in while you’re working. The problem is not doingthe work, it’s starting the work.

If we want to stop procrastinating, then we need to make it as easy as possible for the Present Self to get started and trust that motivation and momentum will come after we begin. (Motivation often comes after starting, not before.)

Let’s talk about how to do that now.

II. How to Stop Procrastinating Right Now

There are a variety of strategies we can employ to stop procrastinating. Below, I’ll outline and explain each concept, then I’ll provide you with some examples of strategy in action.

Option 1: Make the Rewards of Taking Action More Immediate

If you can find a way to make the benefits of long-term choices more immediate, then it becomes easier to avoid procrastination. One of the best ways to bring future rewards into the present moment is with a strategy known as temptation bundling.

Temptation bundling is a concept that came out of behavioral economics research performed by Katy Milkman at The University of Pennsylvania. Simply put, the strategy suggests that you bundle a behavior that is good for you in the long-run with a behavior that feels good in the short-run.

The basic format is: Only do [THING YOU LOVE] while doing [THING YOU PROCRASTINATE ON].

Here are a few common examples of temptation bundling:

  • Only listen to audiobooks or podcasts you love while exercising.
  • Only get a pedicure while processing overdue work emails.
  • Only watch your favorite show while ironing or doing household chores.
  • Only eat at your favorite restaurant when conducting your monthly meeting with a difficult colleague.

Option 2: Make the Consequences of Procrastination More Immediate

There are many ways to force you to pay the costs of procrastination sooner rather than later. For example, if you are exercising alone, skipping your workout next week won’t impact your life much at all. Your health won’t deteriorate immediately because you missed that one workout. The cost of procrastinating on exercise only becomes painful after weeks and months of lazy behavior. However, if you commit to working out with a friend at 7 a.m. next Monday, then the cost of skipping your workout becomes more immediate. Miss this one workout and you look like a jerk.

Another common strategy is to use a service like Stickk to place a bet. If you don’t do what you say you’ll do, then the money goes to a charity you hate. The idea here is to put some skin in the game and create a new consequence that happens if you don’t do the behavior right now.

Option 3: Design Your Future Actions

One of the favorite tools psychologists use to overcome procrastination is called a “commitment device.” Commitment devices can help you stop procrastinating by designing your future actions ahead of time.

For example, you can curb your future eating habits by purchasing food in individual packages rather than in the bulk size. You can stop wasting time on your phone by deleting games or social media apps. (You could also block them on your computer.)

Similarly, you can reduce the likelihood of mindless channel surfing by hiding your TV in a closet and only taking it out on big game days. You can voluntarily ask to be added to the banned list at casinos and online gambling sites to prevent future gambling sprees. You can build an emergency fund by setting up an automatic transfer of funds to your savings account. These are all examples of commitment devices that help reduce the odds of procrastination.

Option 4: Make the Task More Achievable

As we have already covered, the friction that causes procrastination is usually centered around starting a behavior. Once you begin, it’s often less painful to keep working. This is one good reason to reduce the size of your habits because if your habits are small and easy to start, then you will be less likely to procrastinate.

One of my favorite ways to make habits easier is to use The 2-Minute Rule, which states,

“When you start a new habit, it should take less than two minutes to do.” The idea is to make it as easy as possible to get started and then trust that momentum will carry you further into the task after you begin. Once you start doing something, it’s easier to continue doing it. The 2–Minute Rule overcomes procrastination and laziness by making it so easy to start taking action that you can’t say no.

Another great way to make tasks more achievable is to break them down. For example, consider the remarkable productivity of the famous writer Anthony Trollope. He published 47 novels, 18 works of non-fiction, 12 short stories, 2 plays, and an assortment of articles and letters. How did he do it? Instead of measuring his progress based on the completion of chapters or books, Trollope measured his progress in 15-minute increments. He set a goal of 250 words every 15 minutes and he continued this pattern for three hours each day. This approach allowed him to enjoy feelings of satisfaction and accomplishment every 15 minutes while continuing to work on the large task of writing a book.

Making your tasks more achievable is important for two reasons.

  1. Small measures of progress help to maintain momentum over the long-run, which means you’re more likely to finish large tasks.
  2. The faster you complete a productive task, the more quickly your day develops an attitude of productivity and effectiveness

III. Being Consistent: How to Kick the Procrastination Habit

Alright, we’ve covered a variety of strategies for beating procrastination on a daily basis. Now, let’s discuss some ways to make productivity a long-term habit and prevent procrastination from creeping back into our lives.

The Daily Routine Experts Recommend for Peak Productivity

One reason it is so easy to slip back into procrastination time after time is because we don’t have a clear system for deciding what is important and what we should work on first. (This is yet another example of the system often being more important than the goal.)

One of the best productivity systems I have found is also one of the most simple. It’s called The Ivy Lee Method and it has six steps:

  1. At the end of each work day, write down the six most important things you need to accomplish tomorrow. Do not write down more than six tasks.
  2. Prioritize those six items in order of their true importance.
  3. When you arrive tomorrow, concentrate only on the first task. Work until the first task is finished before moving on to the second task.
  4. Approach the rest of your list in the same fashion. At the end of the day, move any unfinished items to a new list of six tasks for the following day.
  5. Repeat this process every working day.

How to Avoid Chronic Procrastination With Visual Cues

checklist-700x450

Another way to overcome the trap of chronic procrastination is to use visual cues to trigger your habits and measure your progress.

A visual cue is something you can see (a visual reminder) that prompts you to take action. Here’s why they are important for beating procrastination:

Visual cues remind you to start a behavior. We often lie to ourselves about our ability to remember to perform a new habit. (“I’m going to start eating healthier. For real this time.”) A few days later, however, the motivation fades and the busyness of life begins to take over again. Hoping you will simply remember to do a new habit is usually a recipe for failure. This is why a visual stimulus can be so useful. It is much easier to stick with good habits when your environment nudges you in the right direction.

Visual cues display your progress on a behavior. Everyone knows consistency is an essential component of success, but few people actually measure how consistent they are in real life. Having a visual cue—like a calendar that tracks your progress—avoids that pitfall because it is a built-in measuring system. One look at your calendar and you immediately have a measure of your progress.

Visual cues can have an additive effect on motivation. As the visual evidence of your progress mounts, it is natural to become more motivated to continue the habit. The more visual progress you see, the more motivated you will become to finish the task. There are a variety of popular behavioral economics studies that refer to this as the Endowed Progress Effect. Seeing your previous progress is a great way to trigger your next productive action.

Two of my favorite strategies that use visual cues are The Paper Clip Strategy, which is helpful for beating procrastination day-after-day, and The Seinfeld Strategy, which is great for maintaining consistency over longer periods of time.

I hope you found this short guide on procrastination useful.

Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

If you are not growing-You are dying !!!

growth is addictive

by  Darpan Sachdeva

via Team Tony at www.tonyrobbins.com

Tony Robbins says that if you’re not growing, you’re dying. No wonder that he’s addicted to growth, obsessively focused on learning, understanding, and mastering new things, from finance strategies to playing polo. But growth doesn’t require massive changes 24/7 — for many of us it’s woven into our daily routine.

Think about it. How do you integrate growth in your life? Good methods of growing can be anything from feeding your mind with books, classes or lectures. Or perhaps even just listening to others and to the world around you. Growth can be taking a chance, a risk, or putting yourself in a situation that may be out of your wheelhouse. It also may be pushing yourself, and trying to find new ways to be a better version of yourself every single day. If you’re a business owner, then maybe it’s finding new strategies or tactics to growing your business or your investments. Or maybe it’s learning a new language or skill. It could also be something simple like trying a new kind of food, seeing a different movie than you usually do, or pushing yourself to not settle for the known but to reach, instead, for the unknown.

Growth can come in many forms. But growth creates the most impact when it leads to mastery. Remember, mastery has three levels: intellectual, emotional and physical, as Tony lays out here:

 

Repetition is the mother of skill, which is why for so many of us growth is truly addictive. Think of it this way — the more you grow, the more you’re able to master. The more you master, the more you grow. How’s that for a positive feedback cycle? And the more you bring growth into your body, the less you have to think about it.




 

How do you incorporate growth into your life? Have you made a habit of investing in yourself to grow as a person? Whether learning a new language, trying a new activity, or even attempting a new challenge, making growth a priority – and a habit – will make your life one of dynamic improvement.




 

Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

“When you know better, You do better” – The life impacting lesson Oprah learnt from Maya Angelou

by  Darpan Sachdeva

oprah

“When I think about my twenties and what a foolish girl I was and how I would give over my power to men who really didn’t mean me well… But now I hold no grudges against them either because I realize I’m the one who gave over the power because I didn’t know any better. And now that I know better I know I don’t have to do that again. It’s one of the most powerful lessons any of us can ever know.” ~ Oprah

All of us criticize our selves from time to time so often on the things or mistakes we have committed in our past.We try to be harsh on ourselves for not meeting that standard line of conduct or correct approach we have set up for ourselves.We blame and criticize ourselves for things we might have done in the past, failing to realize that the past is in the past. We can’t change what happened in the past but we can surely learn from it.

We certainly can do better today as compared to the past since we know better than we did in the past.This is exactly the same lesson what Oprah got from Maya Angelou as her mentor and she has explained it in the video  below so beautifully.This is so powerful. Please enjoy!!!

Whenever you feel the need to be harsh and critical on yourself, just say to yourself: “I did what I knew.. when I knew better, I did better” ~ Maya Angelou

 

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Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

How to improve your life in 2017

by  Darpan Sachdeva

Its middle of January and its time for everyone to start the implementation of all the steps and plans what we have set up for us for the fulfillment of our goals for the year 2017.The video below is so motivating and i find of huge value.Its a 30 minute watch approximately and should help you energize move forward with your goal achievement.

 

Some of the essence from the video gathered is :

1.Start changing yourself if you want to change the life around youMahatma Gandhi

2.Most People fail in life because they major in minor things-Tony Robbins

3.The more time you spend in your discomfort zone,the more your comfort zone will expand-Robin Sharma

4.If you do what you’ve always done,you’ll get what you’ve always gotten-Tony Robbins

5.Progress is impossible without change,and those who cannot  change their minds cannot change any thing-George Bernard Shaw

6.If you want to live a happy life,tie it to a goal,not to people or objects-Albert Einstein

7.The people who are crazy enough to think they can change the world are the ones who do.Think different-Albert Einstein



 

Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

 

Motivational Advice from the very best for the New year 2017

by Darpan Sachdeva

The video down below  is so full of real time  motivational advice from one of the most successful people   on the planet earth. I am sure this would add value to you all  at this time of new year 2017 stepping at our doorsteps.

Some timeless advice and words of wisdom from incredible people, It is  all about finding different perspectives and viewpoints on success.

I do hope that this would help everyone  setting up goals and prepare for the new year coming.Do share your views in the comments down below if this turns you on set up your goals for the year 2017.

Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

 

 

The Science of Scarcity-A behavioral economist’s fresh perspectives on poverty

By Darpan Sachdeva
Via CARA FEINBERG,Harvard Magazine

Sendhil


TOWARD THE END of World War II, while thousands of Europeans were dying of hunger, 36 men at the University of Minnesota volunteered for a study that would send them to the brink of starvation. Allied troops advancing into German-occupied territories with supplies and food were encountering droves of skeletal people they had no idea how to safely renourish, and researchers at the university had designed a study they hoped might reveal the best methods of doing so. But first, their volunteers had to agree to starve.

The physical toll on these men was alarming: their metabolism slowed by 40 percent; sitting on atrophied muscles became painful; though their limbs were skeletal, their fluid-filled bellies looked curiously stout. But researchers also observed disturbing mental effects they hadn’t expected: obsessions about cookbooks and recipes developed; men with no previous interest in food thought—and talked—about nothing else. Overwhelming, uncontrollable thoughts had taken over, and as one participant later recalled, “Food became the one central and only thing really in one’s life.” There was no room left for anything else.

Though these odd behaviors were just a footnote in the original Minnesota study, to professor of economics Sendhil Mullainathan, who works on contemporary issues of poverty, they were among the most intriguing findings. Nearly 70 years after publication, that “footnote” showed something remarkable: scarcity had stolen more than flesh and muscle. It had captured the starving men’s minds.

Mullainathan is not a psychologist, but he has long been fascinated by how the mind works. As a behavioral economist, he looks at how people’s mental states and social and physical environments affect their economic actions. Research like the Minnesota study raised important questions: What happens to our minds—and our decisions—when we feel we have too little of something? Why, in the face of scarcity, do people so often make seemingly irrational, even counter-productive decisions? And if this is true in large populations, why do so few policies and programs take it into account?

In 2008, Mullainathan joined Eldar Shafir, Tod professor of psychology and public affairs at Princeton, to write a book exploring these questions. Scarcity: Why Having Too Little Means So Much (2013) presented years of findings from the fields of psychology and economics, as well as new empirical research of their own. Based on their analysis of the data, they sought to show that, just as food had possessed the minds of the starving volunteers in Minnesota, scarcity steals mental capacity wherever it occurs—from the hungry, to the lonely, to the time-strapped, to the poor.

That’s a phenomenon well-documented by psychologists: if the mind is focused on one thing, other abilities and skills—attention, self-control, and long-term planning—often suffer. Like a computer running multiple programs, Mullainathan and Shafir explain, our mental processors begin to slow down. We don’t lose any inherent capacities, just the ability to access the full complement ordinarily available for use.

But what’s most striking—and in some circles, controversial—about their work is not what they reveal about the effects of scarcity. It’s their assertion that scarcity affects anyone in its grip. Their argument: qualities often considered part of someone’s basic character—impulsive behavior, poor performance in school, poor financial decisions—may in fact be the products of a pervasive feeling of scarcity. And when that feeling is constant, as it is for people mired in poverty, it captures and compromises the mind.

This is one of scarcity’s most insidious effects, they argue: creating mindsets that rarely consider long-term best interests. “To put it bluntly,” says Mullainathan, “if I made you poor tomorrow, you’d probably start behaving in many of the same ways we associate with poor people.” And just like many poor people, he adds, you’d likely get stuck in the scarcity trap.

Poverty Taxes the Mind

MULLAINATHAN IS THE FIRST to admit he’s no stranger to the scarcity cycle—particularly when it comes to time. A self-confessed over-committer with endless energy for exploring new passions, he is “quite familiar” with tardiness and missed deadlines. Though he’s no slouch at juggling tasks—at age 42, he’s a tenured professor, a MacArthur Fellowship recipient, and a rising star in behavioral economics—things are still always piling up, he says during an interview, pointing to actual piles of papers around his office desk.

No one ever has enough time—making it an excellent way to understand how scarcity works, he explains. A time crunch can be useful; deadlines often increase motivation and concentration. But there are prices to pay for that amplified focus: anything that falls outside the scope of that time-limited task gets slighted, ignored, or put off to a later date. While this isn’t breaking news, for Mullainathan, anecdotes about time and its limits are a trusted Trojan Horse of sorts: a way to get into the minds of readers and audiences at lectures who may never have experienced more extreme types of scarcity. “The cycle of poverty generally gets talked about as a problem otherpeople face,” he says. “Our hope is to get people to understand how easy it is to get caught in it, even if they’ve never had the experience.”

Though he spent much of his early life in “decently comfortable” economic circumstances, Mullainathan has seen poverty first-hand, and it seared itself deep in his psyche. Born in a small South Indian sugarcane-farming village, he moved to Los Angeles at age seven with his family so his father could study, and later work in, aerospace engineering. But, as he recalls it, in the 1980s, when new laws mandated heightened security clearances in departments that had not previously required them, noncitizens like his father were suddenly out of a job with no chance of finding another one in the industry.

“This was the first time I felt real economic insecurity,” Mullainathan remembers. It was also the first time he saw scarcity’s effects in action. The job loss “in some ways liberated him,” he says of his father. Suddenly without a roadmap for the first time, Mullainathan’s parents bought a video store, which, through creative strategies—like developing a computer program they sold to other stores—became in time a successful endeavor. But those initial years were also packed with tensions and insecurity that set the family on edge. “Overnight,” he says, “I saw my parents change”: suddenly, they were much more stressed out and short-tempered, as if part of their personalities was different.

Years later, as a behavioral economist, Mullainathan saw this phenomenon at work in impoverished people around the world. “The evidence is everywhere,” he says. “We just had to find ways to gather it scientifically.” But like any science in the making—as Mullainathan and Shafir describe work like theirs—the path had to be blazed. Early on, for instance, as the authors recount in the introduction to their book, “When we told an economist colleague that we were studying scarcity, he remarked, ‘There is already a science of scarcity…. It’s called economics.’”

The colleague, of course, was right, Mullainathan concedes; economics is the study of how people manage physical scarcity. But even though actual scarcity is ubiquitous—there are always limits to time, food, and money—the feeling of scarcity is not, he explains. This overpowering mindset was what he and Shafir were interested in studying, and it had effects, they argued, that could be quantified and explored empirically.

In 2010, the authors and their colleagues set out to do that—setting up scientific trials in what Mullainathan jokingly calls “the best lab in the world”: a shopping mall in New Jersey. The group hoped to show in an experiment that poverty imposed a kind of “bandwidth tax” that impaired people’s ability to perform. “To put it crudely,” he explains, “poverty—no matter who you are—can make you dumber.”

To prove it, they planned to administer Raven’s Progressive Matrices tests (essentially IQ tests that measure skills without requiring experience or expertise) to their subjects. Just before taking the test, subjects were asked to consider a hypothetical scenario:

Imagine you’ve got car trouble and repairs cost $300. Your auto insurance will cover half the cost. You need to decide whether to go ahead and get the car fixed,or take a chance and hope that it lasts for a while longer. How would you make this decision? Financially, would it be easy or hard?

Using self-reported household income, the researchers split the subjects into groups of “rich” and “poor.” When they tallied their scores on the Raven’s Matrices, there was no statistically significant difference in the groups’ performance.

But in a second version of the test, researchers raised the price tag for the repairs to $3,000. Although rich people’s test scores showed no significant difference, the poor people’s scores dropped the equivalent of about 14 IQ points: the difference between the categories of “superior” and “average” intelligence—or more pointedly, from “average” to “borderline deficient.” That’s a greater deficit than subjects in sleep studies typically show after staying awake for 24 hours, Mullainathan and Shafir highlight. “Simply raising monetary concerns for the poor,” they explain, “erodes cognitive performance even more than being seriously sleep deprived.”

They attribute this result to the maelstrom of problems poor people must suddenly confront in the face of a large unexpected expense: how will I pay the rent, buy food, take care of my kids? This round of mental juggling depletes the amount of mental bandwidth available for everything else. Such problems simply don’t arise for the rich.

To rule out other factors, the researchers posed nonfinancial questions with small and large numbers; they even tried versions where they paid people for correct answers to questions. In each case, there was no difference in performance.

But the real test lay in the real world, Mullainathan continues. If just thinking about scarcity preoccupied subjects, what effect would real scarcity have?

The answer came from fieldwork he and his colleagues were already conducting in India. Sugarcane farmers, they discovered, get their income in one lump sum at harvest time, just once or twice a year. That meant farmers were poor during one part of the year, and flush with cash during another. Because harvests took place at different times for different farmers, researchers could rule out seasonal weather, events, and their accompanying obligations as bandwidth-usurping factors. And when the researchers conducted a study there similar to the New Jersey mall experiment, the results mirrored their original findings: the Indian farmers performed worse on Raven’s Matrices tests before their harvest, and better after they’d been paid.

The conclusion was clear, Mullainathan explains: poverty itself taxes the mind. And in the case of the Indian farmers, he adds, the data were even more convincing: unlike the New Jersey “lab” study, where subjects were compared to other people, the farmers were compared to themselves. The only variables that had changed were their financial circumstances.



Scarcity Begets Scarcity

DURING THE LAST HALF-CENTURY, the effects of stress and distraction on attention and self-control have been well explored by social scientists: psychologists like Roy Baumeister of Florida State University (formerly of Case Western Reserve University) have done extensive work on willpower and mental depletion, for example, showing that people who had forced themselves to eat radishes instead of tempting chocolates quit working on unsolvable puzzles sooner than those who had not. At Stanford, another study on decisionmaking found that subjects asked to memorize long strings of numbers had a harder time choosing healthy snacks over sweets than subjects asked to remember just two or three digits.

It’s a phenomenon scientists can see even in the chemistry of the brain: during periods of stress and tough self-control tasks, glucose levels plummet in the frontal cortex (the region associated with attention, planning, and motivation). Low blood sugar can deplete physical capacities; a struggling mind can create similar chemistry in the brain, and trigger the same debilitating results.

But despite these advances in psychology and neuroscience, the idea that behavioral findings could beget insight into economic decisions is relatively new. For years, neoclassical economics maintained that people were rational, selfish actors who consistently made decisions in their own best interests. But in 1979, a breakthrough paper on decisionmaking by Princeton psychologist Daniel Kahneman, LL.D. ’04, and Amos Tversky of Stanford, began to chip away at that idea. Their study asserted that the way choices are presented has as much effect on decisions as the actual value of the things people choose. In the following decades, their paper became one of the most widely cited studies in economics; 23 years later, after Tversky’s death, Kahneman won a Nobel Prize.

Today, behavioral economics is a mainstream endeavor (see “The Marketplace of Perceptions,”March-April 2006, page 50), and to Kahneman, work like Mullainathan and Shafir’s represents the field’s next logical steps. “Clearly there is a psychology of scarcity,” Kahneman said in an interview, “and this idea that scarcity itself produces its own decisions is a new—and very interesting—one.” The pair’s work inverts the long-held thinking that the poor are poor because they make bad decisions, he added. “Instead, people make bad decisions because they are poor.”

And, as Mullainathan explains, those bad decisions abound. Though he doesn’t place all of the problems that poor people face on scarcity’s shoulders, he believes scarcity can explain a mentality that people in its grip face. “We’re not just talking about shorter patience or less willpower,” he says. In the poor, “We’re often talking about short-term financial fixes that can have disastrous long-term effects.”

Take payday loans, for instance: high-interest loans that provide cash on demand, to be paid back when the borrower’s paycheck arrives. According to Mullainathan and Shafir, in 2006, there were more than 23,000 payday lender branches in the United States— more than all the McDonald’s (12,000) and Starbucks (nearly 9,000) locations combined. It’s a popular way to get money today, particularly for those without bank accounts. But for people without reliable incomes, debts must often roll over into the following month, incurring exorbitant fees. “This type of high-risk borrowing seems ridiculous,” Mullainathan says, but “we wanted to prove that thinking like this doesn’t come from a lack of financial understanding or foolishness—it comes from putting out fires.”

In 2011, in collaboration with Anuj Shah, now assistant professor of behavioral science at the University of Chicago Booth School of Business (then a graduate student at Princeton), they devised a study that they hoped would prove their point, inducing that same high-risk borrowing behavior in Princeton undergraduates by having them play a version of the American TV game show Family Feud.

In the show, contestants are asked to name things that belong to categories—for instance, “Things you might find in a professor’s office.” Unlike regular trivia games that have right and wrong answers, there are no right responses in Family Feud, just popular ones (the list of answers is gathered from a survey of 100 people prior to the show). Because contestants must think through an array of options before answering, time pressure limits the number of paths they can explore before hazarding a guess, so scarcity’s effects are in full bloom.

At Princeton, contestants were randomly split into “rich” and “poor” groups—the rich having more time to guess than the poor. All were given the option to borrow time: each additional second borrowed would cost them two seconds of “interest” deducted from their total time.

“The results mimicked everything we see in the real world,” Mullainathan reports. At first, the poor performed better than the rich did; scarcity made them focus more intently on the task. But when, in the next round, the subjects were allowed to roll over their loans and “repay” in subsequent rounds (thus making future rounds shorter), things quickly fell apart for the poor contestants. Early borrowing created a vicious circle for the poor; pressed for time, they needed to borrow more seconds, and borrowing more made them more pressed for time. By the final rounds, most of their time went to paying back loans, and the poor lost rounds that the rich won handily.

These students were randomly assigned to “poverty,” Mullainathan explains, so there could be nothing substantially different between them and those fellow students labeled “rich.” “The study shows the intimate link between success and failure under scarcity,” he and Shafir write inScarcity. And scarcity, no matter whom it menaces, inevitably leads to more scarcity.

Escaping the Scarcity Trap

SO HOW CAN PEOPLE ESCAPE the scarcity trap? And why does such research matter? The answer, says Mullainathan, isn’t necessarily a shift in policy, but a shift in policymakers’ perspective.

Typically, he explains, when the poor remain stuck in the grip of poverty, policymakers tend to ask what’s wrong with them, pointing to a lack of personal motivation or ability. Rarely, he continues, do we as policymakers ask, “What is it about this situation that is enabling this failure?”

This is the question we should be asking, says Mullainathan—a point he and Shafir make quite memorably in their book by telling a story about a spate of plane crashes that occurred during World War II. During that era, the authors recount, the United States military experienced an inordinate number of “wheels-up” crashes; after planes had landed, pilots would inexplicably retract the wheels instead of the wing flaps, sending the planes crashing to the runways on their bellies. At first, the blame fell squarely on the pilots, the authors explain: why were they so careless? Were they fatigued? But when the military began to look more closely, they realized the problem was limited to two particular plane models: B-17s and B-25s. Instead of looking inside the heads of the pilots, Mullainathan and Shafir write, the military looked inside the cockpits of those specific planes; there investigators discovered that the wheel controls and flap controls were placed right next to each other and looked nearly identical—a design specific only to the crashing planes. After identifying the problem and implementing a minor change in design (a small rubber wheel was placed on the end of the landing-gear lever), the number of wheels-up crashes declined.

“Error is inevitable, but accidents are not,” Mullainathan and Shafir explain. It’s not that pilots don’t bear responsibility for their training and alertness, but “a good cockpit design should not facilitate mistakes.”

The same should be true, they argue, for programs and policies that address poverty. Just as well-trained World War II pilots made seemingly silly errors in poorly designed cockpits, well-intentioned social programs such as low-income job-training courses, subsidized vaccination programs, and bank programs designed to help people save money, sometimes fail to attract—or retain—the people they are designed to serve.

It’s natural to look at the intended clients and blame a lack of personal responsibility, the authors explain. But, as Mullainathan and Shafir have shown through their own work, all individuals stuck in a cycle of scarcity will inevitably find themselves plagued with similar slips in performance; focus often suffers, long-term planning gives way to immediate financial fire-fighting, follow-through on commitments often becomes sporadic.

So why not design social programs that make room for this scarcity-induced behavior? the authors ask. Why not look at the “cockpit” instead of the “pilot”?

Take job-assistance programs, for instance, where absenteeism and non-completion are a regular problem. The clients these programs serve are often mentally depleted by the time they arrive for classes, the authors explain: out-of-work clients struggle to make ends meet and often must arrange transportation and child care in order to attend a session. If a client misses a class—a likely occurrence—the authors explain, attending the next one becomes much more difficult, and dropping out becomes increasingly likely.

But what if the class had a less rigid curriculum? Instead of offering more classes or changing the curriculum, Mullainathan and Shafir suggest, existing classes could be altered to start at different times and proceed in parallel. Then, if clients miss a class, the authors argue, they could simply show up the following week to a parallel session running a week or two behind.

Although this type of accommodating approach is often criticized as coddling or paternalistic, Mullainathan and Shafir argue that it’s just the opposite. This is not a substitute for personal responsibility, the authors claim; rather, “fault tolerance is a way to ensure that when the poor do take on [responsibility] themselves, they can improve—as many do. It is a way to ensure that small slipups—an inevitable consequence of bandwidth [depletion]—do not undo hard work.”

Most importantly, the authors explain, this shift in focus from “pilot” to “cockpit” does not necessarily require expensive monumental changes in existing policy. Rather, they argue, just as the addition of the small rubber wheel to the landing-gear lever in the World War II planes reduced pilot error, these social programs might achieve greater success through small tweaks to their design.



Designing for Scarcity

SMALL CHANGES can have huge effects, Mullainathan explains—an approach to policy that has gained traction during the last decade, in particular through the work of Richard Thaler, Walgreen Distinguished Service Professor of behavioral science and economics at Chicago’s Booth School, and Walmsley University Professor Cass Sunstein, of Harvard Law School (see“The Legal Olympian,” January-February, page 43). Their 2008 book, Nudge: Improving Decisions about Health, Wealth, and Happiness, presented years of research and insight on “choice architecture”—methods of influencing decisions by changing which choices are offered, without taking away people’s freedom to choose.

This type of decision manipulation is well known—and widely used—in the world of marketing, and like any tool, Mullainathan says, “It can be used for evil.” But in the world of behavioral economics, the idea is to help people do the things they already want to do: ironically, to make the rational, healthy, self-benefiting choices that traditional economic models (wrongly) assumed they already consistently did.

In certain circumstances, he explains, “nudging” people into better choices can be as easy as changing the wording on a page. For instance, when workers start a new job in the United States, they are given a form asking them to check a box if they want to enroll in a 401(k) retirement plan. In a 2001 study by Brigitte Madrian and Denis F. Shea (both then at Chicago; Madrian is now Aetna professor of public policy and corporate management at the Harvard Kennedy School), researchers gave new employees at certain businesses slightly altered forms, instructing them to check the box if they did not want to enroll. The results were striking, notes Mullainathan: at companies where employees had to opt out, more than 80 percent enrolled; at companies where they had to opt in, only 45 percent checked the box.

But in other circumstances—for example in the case of payday loans—the solutions are much less straightforward. Poor people take on these predatory loans because they have to, Mullainathan explains; bills must be paid now. Any nudging—or even outright pushing—at that moment will likely have little effect. But what if the nudges occurred long before the payday loan was necessary? What if people who are consumed by financial pressures in the present got help in planning for the future?

Mullainathan and Shafir present pages of suggested solutions, citing successful programs like Save More Tomorrow, a retirement-savings plan designed by Thaler and behavioral economist Shlomo Benartzi, a professor at the UCLA Anderson School of Management. The program asks people to commit to savings deductions whenever their salary increases in the future; instead of asking them to sacrifice during times of scarcity, Mullainathan explains, it’s done during times of (relative) abundance. The results were encouraging across the board, and in one firm, more than 75 percent of those offered the plan chose to enroll. By the third pay raise, those who had opted in had more than tripled their savings rates.

To effect such changes, behavioral economists must first shift people’s thinking—and the only way to do that, says Mullainathan, is to provide more evidence that their approaches to policy work in the real world.

Many scientists and nonprofit organizations are already answering that call, running experiments around the globe to test proposed changes in policy. In 2008, Mullainathan and Shafir themselves joined with several other colleagues to co-found Ideas42, a nonprofit that collaborates with organizations and businesses worldwide to test behavioral approaches to problems. A 2013 collaboration with the Cleveland Housing Network, for instance, yielded a 20 percent improvement in timely rent payment simply by sending postcard reminders and creating a monthly raffle for tenants who paid on time. Even changes as simple as new wording on a bank statement, converting interest percentages to “dollars owed,” or telling people how their gas and electricity usage compares to their neighbors’, have affected people’s choices for the better, Mullainathan explains. “The idea is to encourage people to do things just by making things easier. And the best part is…it often costs policymakers nothing.”

To Nudge author Richard Thaler, work like this marks the next step in the evolution of behavioral economics. Mullainathan and Shafir “are part of a generation of economists and social scientists changing the way we think about development economics,” he said in an interview. “They have taken seriously the idea that we have to do things that are not just interesting to other academics, but that have the possibility of being scaled up.”

Scaling Up the Science of Scarcity

FOR POLICYMAKERS, it’s that potential to effect change broadly that matters—and the evidence of success from the behavioral sciences has begun to catch their attention. In 2010, the British government formed the Behavioural Insights Team, intended to spread understanding of behavioral approaches and to implement trial programs in several areas of social policy. In 2014, the White House formed its own Social and Behavioral Sciences Team (called SBST, though many in the field refer to it as the “Nudge Unit”), and other governments around the world have shown interest in doing the same.

Perhaps the best indication of growing awareness of the value of these behavioral insights came this past December, when the World Bank released its 2015 annual World Development Report, which for the first time was devoted entirely to behavioral approaches to policy. The chapter on poverty was heavily influenced by Mullainathan and Shafir’s work on scarcity, according to one of the report’s authors, the Bank’s Alaka Holla. “Evidence of these programs’ success has been building for a while,” she said in an interview. “It was time to take this to the policy world.”

For Mullainathan, it’s been thrilling to see the spotlight widen from its traditional focus on people’s decisions to the circumstances shaping those choices. Mounting evidence of experimental programs’ successes and increased attention from reputable organizations has spurred real interest from policymakers in exploring behavioral economic solutions. But interest and full-scale adoption are two very different things, he points out, and the biggest hurdle to widespread implementation is the problem of poverty itself. “Our solutions always struggle because the underlying problem is so complicated,” Mullainathan explains. What might work for one population might completely fail for another.

Although social scientists know a lot about the economics of poverty, they know much less about the psychology it creates in individual populations, and this social science, Mullainathan argues, is just as important as the technological sciences policymakers rely on to solve problems. Scientists spend vast resources developing medications, water-purifying technologies, financial products, and social services designed to help people in need, he explains. But getting people touse these technologies also requires understanding the psychology of the people using them. Policymakers, he says, must make this type of research a priority.

“Bandwidth is a core resource,” Mullainathan and Shafir argue—one just as powerful, limited, and influential in people’s decisionmaking process as the dollars in their bank account. If we begin to look at bandwidth and the factors affecting it in the same way we measure economic circumstances, the authors claim, we can design and evaluate social programs based on how people actually act—not simply how numbers and statistics tell us they should.

“The mistake we make in managing scarcity is that we focus on one side of the calculus,” they write at the conclusion of their book. The cost of making changes to existing policies is easy to measure, but the cost of not doing so is much harder to quantify. This is what the science of scarcity attempts to gauge, Mullainathan and Shafir maintain: how situations, programs, and policies can deplete, tax, or build up psychological resources that are every bit as important as the physical ones that fill—or empty—our coffers.



Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

Motivation in life-The Goldilocks rule

by  Darpan Sachdeva

goldilocks

During the course of daily routines we pick up certain tasks and leave them in between never completing them.Have you ever thought why this happens to almost all of us on daily basis.Whats the reason for this popping up of lack of motivation within us that stops us to go ahead  and live a life of abundance?

Researchers and scientists  have studied motivation for long now and have come to conclusion that human motivation is based on certain parametres.In continuation to this they have proven a  rule also called “Goldilocks Rule  to motivation”.

The Goldilocks Rule states that humans experience peak motivation when working on tasks that are right on the edge of their current abilities. Not too hard. Not too easy. Just right.

Human beings love challenges, but only if they are within the optimal zone of difficulty.
For example, imagine you are playing tennis. If you try to play a serious match against a four-year-old, you will quickly become bored. The match is too easy. On the opposite end of the spectrum, if you try to play a serious match against a professional tennis player like Roger Federer or Serena Williams, you will find yourself demotivated for a different reason. The match is too difficult.

Compare these experiences to playing tennis against someone who is your equal. As the game progresses, you win a few points and you lose a few points. You have a chance of winning the match, but only if you really try. Your focus narrows, distractions fade away, and you find yourself fully invested in the task at hand. The challenge you are facing is “just manageable.” Victory is not guaranteed, but it is possible. Tasks like these, science has found, are the most likely to keep us motivated in the long term.

Tasks that are significantly below your current abilities are boring. Tasks that are significantly beyond your current abilities are discouraging. But tasks that are right on the border of success and failure are incredibly motivating to our human brains. We want nothing more than to master a skill just beyond our current horizon.

Measure Your Progress

measure your goal

Its been said whats is measured is done.
If you want any part of your life to improve ,you have got to put it to some sort of measurable values.This is the boost giver that would enhance you move fully tracked towards your goals. It has to do with achieving that perfect blend of hard work and happiness.

Working on challenges of an optimal level of difficulty has been found to not only be motivating, but also to be a major source of happiness. As psychologist Gilbert Brim put it, “One of the important sources of human happiness is working on tasks at a suitable level of difficulty, neither too hard nor too easy.”

This blend of happiness and peak performance is sometimes referred to as flow, which is what athletes and performers experience when they are “in the zone.” Flow is the mental state you experience when you are so focused on the task at hand that the rest of the world fades away.

In order to reach this state of peak performance, however, you not only need to work on challenges at the right degree of difficulty, but also measure your immediate progress. As psychologist Jonathan Haidt explains, one of the keys to reaching a flow state is that “you get immediate feedback about how you are doing at each step.” The human brain is wired this way.

Two Steps to Motivation as research has shown:

If we want to break down the mystery of how to stay motivated for the long-term, down below would help:

  1. Stick to The Goldilocks Rule and work on tasks of just manageable difficulty.
  2. Measure your progress and receive immediate feedback whenever possible.
 
Wanting to improve your life is easy. Sticking with it is a different story. To stay on a motivated  mode, pick up a task or a challenge that is just within your reach,measure as you progress  and repeat the process.

Here is to your success and being motivated !!!




Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

11 Life lessons learnt from the Champ-Muhammad Ali

by  Darpan Sachdeva

Last week the famous,one and only one ,The great Muhammad Ali  sadly passed away  but the legacy, as a person what he was and would be for the times and generations to come is just unmeasurable .The loss of the  Champ of the champions is huge.

 

Down below in the video- A Very Touching Tribute To Muhammad Ali by Billy Crystal

His life as one, teaches us so much to live by but down below are the 11 prominent lessons from him what are worth learning to live a life of fullness and abundance

 

mohd Ali

 

1. Turn your .Anger into power
At the age of 12, he was found seething with anger and vowing to “whup” the person who had stolen his bicycle. Joe Martin a police officer and boxing coach advised him to take up boxing before making such a move for self defence. The rest is history. What makes you Angry? You could turn that into power

2.It’s not the action that makes a thing right or wrong, but the purpose behind the action.

We must take ‘right’ action motivated by a purpose greater than ourselves. It must be a purpose designed to help others and to make for a better world.

If our purpose is selfish, its longevity will be unsustainable, but if it is given as an act of generosity, then who knows what power is emitted by such action?

3.Focus
Even when there were distractions around, he focused on training. Focus on what matters. In High School he graduated 376th out of a class of 391. He focused on his strength. The boxing ring and not the classroom.

4.To be able to give away riches is mandatory if you wish to possess them. This is the only way that you will be truly rich.

Giving back is the only way to true richness.More you are able to put the riches for the betterment of the people around you and the society as a whole ,the more rich you become.

5.Self-belief

Always trust your self.For Muhammad Ali,even when the media didn’t believe he would beat George Foreman in the famous Rumble in the jungle fight, he still believed that he was the greatest. Believe regardless of naysayers.

6.Be Your self.

You so not have to be what anyone else wants you to be.To be me is to be free. Break all chains that seek to entangle you – whether it be parental expectations, organizational demands or societies conformities. You are unique, and in order to operate in that uniqueness you must resist conformity if you are to truly embrace your destiny.

7. Love is a net that catches hearts like a fish.

Let love do its powerful work within you. Love draws. Love attracts. Love builds. Love heals. Love captivates.Love is a  heat that will warm the hearts of generations.

8.Impossible is nothing
“Impossible is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it. Impossible is not a fact.

It’s an opinion. Impossible is not a declaration. It’s a dare. Impossible is potential.
Impossible is temporary. Impossible is nothing.”

9.It isn’t the mountains ahead to climb that wear you out; it’s the pebble in your shoe.

Take time to pause a moment in order to remove any pebbles you may have picked up along the way. These can take the form of small bad habits, seeds of unforgiveness, lack of discipline, secret fears, or even devious doubts.

Pull aside, even for a moment. Address them. Deal with them. Destroy them. For many a mountaineer has fallen to their death because of an unaddressed pebble. Deal with the pebbles in your life decisively, and you will conquer many more mountain tops.

10.Hard work and dedication
Angelo Dundee Champs’s trainer said he was always first in the gym and last to leave. “He’d even come to train when he wasn’t fighting…He was like a student of boxing. He’d find out how champs trained, how much they ran, how they ate before and stuff like that.”

“His roadwork was twice as much as what he needed, his sparring twice as much as he needed. If he was gonna fight 15 rounds, he’d spar for 30,” Justin Fortune, a boxing trainer, conditioning coach said.
The fallen champion also once said, “I hated every minute of training, but I said, ‘Don’t quit. Suffer now and live the rest of your life as a champion.”

When asked how many sit-ups he did, he responded, “I don’t count my sit-ups. I only start counting when it starts hurting. That is when I start counting, because then it really counts. That’s what makes you a champion.”

His daughter Laila Ali reflecting on what she learned from her father “I learned that in order to be the best, you have to work harder than the rest”.

11. Old age is just a record of one’s whole life.

What does your record look like thus far? Every day we breathe we are writing the next page that will be included in the volume called, ‘My life’.

Within its record will be scribbles, mistakes, smudges, scratchings, all mixed up with moments of great joy, eloquence, sadness, wisdom and folly. But by the time we reach the last page – may it end with the words, ‘I have lived a full and fulfilled life – read and learn from my mistakes – and for the rest of the success story contained – there went I, but by the grace of God.’

 




Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.