Be fearful when others are greedy. Be greedy when others are fearful. – Warren Buffet
The world is experiencing a lot of fear right now due to the Corona Virus. People have emptied the shelves at supermarkets because they want to stack up on food and supplies. We’re experiencing a lot of social distancing currently due to this pandemic. Countries are closing their borders, business are asking employees to work from home. Business meetings and social events are being cancelled, the stock market is down, schools are closed, universities are now conducting classes solely online, etc…
There’s a lot of fear and anxiety going on and a lot of people have been greedy when it comes to buying food and supplies in case the country completely shuts down. But what else can we be greedy in so once this is all over with that we’re in a better condition going forward? What can we take advantage of during this time? No matter what’s going on in life, there’s always a positive. What’s the positive in all of this?
Through every economic crash, those who fear gets poorer and some use that time period to create more wealth. Instead of living in fear everyday, ask yourself how you can use this time period where everyone is living in fear to create a better life for yourself going forward.
For instance, if you have a job that doesn’t allow you to work from home and it forces you to go see people everyday while this virus is so easily transmissible, think of a way to earn a living from home, invest in a skill set that doesn’t require you to be physically there all the time to make a living. If you have money saved, invest in the stock market and buy everything for cheap. If you have a business, think of a way to increase profits during this time and take your business to the next level. If you’re just at home doing nothing, invest in yourself and come out of this a better equipped individual who can thrive through any crisis and be ready for the next one.
Be greedy in a way that will make you better once this is all set and done. Use fear to make you stretch yourself never to bend and fold.
We have always been taught that having common sense is a good thing. Common sense is defined as having good sense or good judgement in practical things. Being common is average and ordinary. Common sense is good if all you want in life is to be average by living an average lifestyle, have an average job, drive an average car, have an average house, eat at average restaurants and travel to average places.
If you want to be great or want great things in your life, you have to tap into your superior sense and be impractical. Nothing great will be accomplished by being average. Common sense is essential as the basic fundamentals in life just like basic reading, writing and arithmetic skills but you will need more than common sense to make a massive impact in the world.
Being superior is to be higher in rank, status or quality. Majority of people use common sense. They work a common job, and get an average paycheck. Common sense will get you common results. If you learn how the elites of the world think and act then you will get elite and superior results.
Some people get ridiculed when they don’t have common sense. They get laughed at and the average person will say, you make no sense, or you have no common sense. Sometimes having no common sense is being insanely smart. Imagine all the great inventions we have today, do you think the inventors used simply common sense to come up with their ideas? I’m sure common sense played a role because a person must have normal operating sense before they can even attempt to do anything great. However, they had to tap into their superior sense and be impractical while the average, common-sense minded, and glass half empty people were telling them no they can’t do that.
In whatever you do, remember, average and common are good but superior is better. Never settle for good enough when great is available. You wouldn’t want your kids to settle for good enough so why should you? Lead by example by operating on superior sense and force your offspring to elevate their game!
Our thoughts have power and are influenced by our environment. Be mindful of the company you keep, the things around you and what you ponder on. Our thoughts dictate our actions. When we fill our minds with bad thoughts, we are inviting bad things in our lives. As the saying goes, garbage in, garbage out. We can make a conscious effort to be positive and attract great things in our lives as long as we accompany it with actions toward our goals.
Let’s take a look at the Adam and Eve story for example. Satan approached Eve and got inside her thoughts and convinced her to try the forbidden fruit. Satan didn’t just shove it in her mouth and force her to eat it. The work was done through her thoughts. Satan manipulated her into wondering what it would be like to try the fruit and then she did the same to Adam. That’s why it’s important to be mindful of the company you keep. The wrong crowd and environment can influence us to do bad things. We can control our thoughts by choosing wisely who our friends are, the neighborhood we live in, our workplace, and what information we let inside our head.
If you watch the news every morning, you’re more likely to be in a depressed state of mind. The average person will tell you to watch the news to stay informed but in reality, you’re exposing your mind to depression. The news is designed to tell you bad news and make you depressed. That’s how they get their ratings. The news reporters will do anything to emphasize how bad things are to keep you watching. It is not a coincidence that local news airs in the morning before most people go to work and in the evening when most people get back from work. Why would you want to start your day with bad news and then end your day with bad news? People who make a habit of watching the news on a daily basis are putting themselves in a depressed state.
Your friends, your neighborhood, your workplace, the movies you watch and the music you listen to are all considered part of your personal media consumption. Time spent consuming media that does not add value to your life is not time well spent. Instead of letting non-productive content in your mind, read a book, take a course, or do a research on a topic you’re interested in. Limit your entertainment consumption and make it a habit to be involved in activities that would foster growth in your mind. That will lead to better thoughts, actions, habits, results, and future.
There are two important mindsets that you need to be able to identify. They are fixed mindset and growth mindset.
A fixed mindset individual is one who does not like to try new things. They like to stick to what they know. They are not open to new ideas. As a result, they have limiting beliefs. They are not optimistic. They claim to be realistic. Fixed mindset individuals are “know-it-all.” They claim to know everything just to shut down new ideas and other people’s opinion. They are not willing to be open minded in order to learn. Fixed mindset individuals, don’t like receiving advice because they think they already have it all figured out. They don’t like to reveal their weaknesses or seek help to improve.
On the other hand, a growth mindset individual is willing to try, reveal their weaknesses, learn and get better. They are willing to expand their experiences. Growth mindsets believe that talents and abilities can be improve upon. Growth mindsets believe that if you’re not good at first you can get better through dedicated effort and consistency. People with a growth mindset don’t quit easily. They are usually relentless in their pursuit of excellence. They are optimistic thinkers. They believe that they can overcome setbacks and that pain is temporary. Growth mindsets look at past failures as a badge of honor. They believe they will overcome them.
Take a step back and ask yourself what type of mindset do you have. Also, identify the people in your life that have a fixed mindset and those with a growth mindset. By doing so, you’ll identify who you can share your goals and dreams with. Fixed mindset individuals will ridicule and point out all the reasons you should not pursue something while the growth mindset individual will support and encourage you.
If you’re not growing, you’re dying. The application of what you’ve learned is the key to success. Be willing to fail in order to learn and grow. In life, you will fail, you will lose money, you will have setbacks but that shouldn’t stop you from trying and keep moving forward. Have control over your attitudes and adapt a growth mindset instead of a fixed mindset. As the saying goes, “no guts, no glory.” Be willing to step out of your comfort zone and have authentic confidence in yourself. Be willing to be ridiculed and mocked. That’s when you’ll know you’re growing and on the right path.
A closed mind can be detrimental to your life, happiness and success.
There’s a saying that goes like this, the mind is like a parachute, it only works when it’s open. Shutting down new ideas without giving it a fair chance to sync in to analyze how it could be a benefit to you can be very costly.
Piece of advice, if you’re entrepreneurial, when an opportunity present itself to you, just remember to open your mind before you open your mouth. Do your due diligence and see if the opportunity falls in line with your long term goals. Don’t be too quick to say no because in this entrepreneurial world, we may start with plan A and then finish with plan W for the win.
At the same time, one should not be too open. Just as a parachute needs to open to work, if it is too open, or open all the way, it won’t work and you will fall. Find the right balance of wisdom to know when to be open and when it’s time to just focus on what you’re already doing and just persevere.