Yesterday I went to a workshop organized by my department in order to obtain a credit for my program. Never I thought that this workshop could be an eye opener for me and I've learned a lot from it.The workshop was called "The Millionaire in the Mirror: How to Find Your Passion and Make a Fortune Doing It-- Without Quitting Your Day Job" based on the book written by Gene Bedell. The workshop was given by the author himself of course, who does it better then the writer himself.
We were given a copy of that book to read before the workshop but I didn't read it as I have another book to read for another class. This is what I like about this workshop series, we get free books and the author himself will come and give the talk.
I want to share some new knowledge I obtained when attending this workshop. It's so interesting that I think it's would be good to share with my (not-so-many) readers.
Like it or not, the reality is we are spending 40 years of our life working. 40 years is a long time so we must be happy with what we do and since we work our butt of, we might as well get a lot of money doing it. And he pointed out that we must be happy all the way of 40 years, not just the first 10 years of our career. Oh, he did mention that if you are working with goverment body, you might not get much money but you must seeks influence to replace money.
A study has been done and showed that by the time we at the age of 35 and above, level of happiness has gone down and so as our salary from year to year. If before this we enjoy more than 6% increment every year, by this time the increment might not more than 3% each year. So how to avoid this? We must be the top 1% in earnings.
Some people might said that to be 1%, you need to be like Bill Gates or Warren Buffet. No, they are not 1%, but 0.01% ok. Look at the graph below to show you where is 1%. The idea is to retire with comfortable. What comfortable by Bedell definition is by the time you retire you are worth $20 million and above.
The question is, how do we do it? It's not about having special talent, looks of luck (ok, we need this in life right) or having super-rich parents. It's all about you behavior. Yes, you read it right: BEHAVIOR. It is possible for almost everyone to have outstanding success in your career. This is for the people like you and me, normal working people.
The are 7 outstanding success behavior.
#1: Become a heat-seeking missile
You must know where are you going and follow whatever path to get there. He asked few of us this question: When you are retired, where do you want to be? (not at the beach please). You must know what do you want to be. An entrepreneur perhaps? Or CEO of a big company? It's depends on you but the main point it you must know. It's ok if you don't know now coz at our age (my age bracket), you might changes job few time before you know what you want to be. But if until 40 years you still changing and finding, you in the big trouble, mate.
#2: Always work in your outstanding zone
For example you goal is to become a CFO (chief financial officer) of a company. So if you work as a acountant for some time and never given a chance to become a manager, it's time to move to another place that give you that opportunity even though you really like the work now. The point is you must work that in line with your goal.
#3: Miximize your value
This is determine by: where you work (IT people in investment bank has more value than IT people in supermarket), what you do (the closer your job to money, the more you are worth) and personal characteristics (personal packaging, relevent experience, significant personal accomplishment). Remember to increase your career value by spending most of your time and energy accumulating significant accomplishment that targeted at your goal.
#4: Swing for the bleachers
It's unlikely you work with a boss that you respected and better than you. A major career no-no is whining about your boss (OMG, I did this already). You should be happy you get a boss that is incompetent coz this is the time for you to shine and be free to do whatever you want to do to achieve your goal. To achieve outstanding performance he mentioned that we need to manage our boss and set our own objectives.
#5: Deliver the goods
It's simple: do what you say you're going to do.
#6: Take ownership
Act as if you owned the company 100%. When you think that way, you won't do things that can jeopardize that company.
#7: Don't self-destruct
5 most personally destructive organizational behaviors:
-arrogance
-burning bridges
-discrimination
-dishonesty & self-dealing
-inappropriate romantic affairs
In my opinion, all this are something that we can follow. It's not rocket science. However, if you want to know more (you should), please read his book (I know I'm going to). Most of the people can relate to this book.We were given a copy of that book to read before the workshop but I didn't read it as I have another book to read for another class. This is what I like about this workshop series, we get free books and the author himself will come and give the talk.
I want to share some new knowledge I obtained when attending this workshop. It's so interesting that I think it's would be good to share with my (not-so-many) readers.
Like it or not, the reality is we are spending 40 years of our life working. 40 years is a long time so we must be happy with what we do and since we work our butt of, we might as well get a lot of money doing it. And he pointed out that we must be happy all the way of 40 years, not just the first 10 years of our career. Oh, he did mention that if you are working with goverment body, you might not get much money but you must seeks influence to replace money.
A study has been done and showed that by the time we at the age of 35 and above, level of happiness has gone down and so as our salary from year to year. If before this we enjoy more than 6% increment every year, by this time the increment might not more than 3% each year. So how to avoid this? We must be the top 1% in earnings.
Some people might said that to be 1%, you need to be like Bill Gates or Warren Buffet. No, they are not 1%, but 0.01% ok. Look at the graph below to show you where is 1%. The idea is to retire with comfortable. What comfortable by Bedell definition is by the time you retire you are worth $20 million and above.
The question is, how do we do it? It's not about having special talent, looks of luck (ok, we need this in life right) or having super-rich parents. It's all about you behavior. Yes, you read it right: BEHAVIOR. It is possible for almost everyone to have outstanding success in your career. This is for the people like you and me, normal working people.
The are 7 outstanding success behavior.
#1: Become a heat-seeking missile
You must know where are you going and follow whatever path to get there. He asked few of us this question: When you are retired, where do you want to be? (not at the beach please). You must know what do you want to be. An entrepreneur perhaps? Or CEO of a big company? It's depends on you but the main point it you must know. It's ok if you don't know now coz at our age (my age bracket), you might changes job few time before you know what you want to be. But if until 40 years you still changing and finding, you in the big trouble, mate.
#2: Always work in your outstanding zone
For example you goal is to become a CFO (chief financial officer) of a company. So if you work as a acountant for some time and never given a chance to become a manager, it's time to move to another place that give you that opportunity even though you really like the work now. The point is you must work that in line with your goal.
#3: Miximize your value
This is determine by: where you work (IT people in investment bank has more value than IT people in supermarket), what you do (the closer your job to money, the more you are worth) and personal characteristics (personal packaging, relevent experience, significant personal accomplishment). Remember to increase your career value by spending most of your time and energy accumulating significant accomplishment that targeted at your goal.
#4: Swing for the bleachers
It's unlikely you work with a boss that you respected and better than you. A major career no-no is whining about your boss (OMG, I did this already). You should be happy you get a boss that is incompetent coz this is the time for you to shine and be free to do whatever you want to do to achieve your goal. To achieve outstanding performance he mentioned that we need to manage our boss and set our own objectives.
#5: Deliver the goods
It's simple: do what you say you're going to do.
#6: Take ownership
Act as if you owned the company 100%. When you think that way, you won't do things that can jeopardize that company.
#7: Don't self-destruct
5 most personally destructive organizational behaviors:
-arrogance
-burning bridges
-discrimination
-dishonesty & self-dealing
-inappropriate romantic affairs
Sayang, awak mesti suka buku ni...
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