Summary
- The average U.S. Olympian makes a little over $393,000 a year.
- Michael Phelps, the most famous Olympian with the most medals, has a net worth of about $100 million.
- Being the best doesn’t always mean being the most successful.
- Many mediocre businesspeople make millions, even if they aren’t the best in their field.
- They might work in areas like hacks, plumbing, or laundry services.
- Success is often overvalued based on being the smartest or having prestigious degrees.
- A Harvard degree or being the best can help but doesn’t guarantee success.
- Success is influenced by factors like luck and timing, which are beyond control.
- Creativity and the ability to think outside the box are crucial.
- Even the smartest person won’t do well without creativity and execution skills.
Video
How To Take Action
I would suggest implementing a few practical steps to achieve your goals, whether in business or personal growth. Here are some ideas to get started easily and affordably:
Focus on Creativity
- Think Outside the Box: Explore unconventional solutions to common problems. For example, adding a personal touch to your service can set you apart from competitors.
- Brainstorm Regularly: Set aside time each week to brainstorm new ideas. This can be as simple as having a notebook where you jot down thoughts.
Utilize Existing Skills
- Leverage What You Already Know: If you’re a plumber, think about adding small, high-demand services. If you run a laundry service, consider offering pickup and delivery.
- Continuous Learning: Use free resources like YouTube tutorials or free online courses to learn new techniques relevant to your field.
Accept and Embrace Mediocrity
- Don’t Strive for Perfection: Understand that you don’t need to be the best to be successful. Focus on being good enough and consistent.
- Adapt and Innovate: Find ways to improve existing products or services. Small tweaks can lead to big gains.
Timing and Luck
- Stay Informed: Keep an eye on market trends to identify opportunities. Sometimes being in the right place at the right time can make a massive difference.
- Network: Connect with others in your industry. Sometimes luck comes from knowing the right people.
Low-Cost Marketing
- Use Social Media: Platforms like Facebook, Instagram, and LinkedIn are great for free advertising and networking.
- Word-of-Mouth: Encourage satisfied customers to share their experiences with friends and family.
Implement these steps, and you’ll likely see significant improvements without needing a huge budget or a lot of time.
Full Transcript
the average US Olympian makes a little bit more than $393,000 a year the most popular famous Olympian with the most medals Michael Phelps has a net worth of roughly 100 million for being the best having the most amount of metal it's crazy hard right do you think being the best makes you really successful no there's so many mediocre business people that make millions of dollars way more than Olympians and they're not the best at what they do they sell haacks or they're in plumbing or they're in laundr m or whatever it may be people overvalue things like being the smartest or being the most best at something or getting a Harvard degree don't get me wrong these things help you succeed but they don't guarantee success a lot of success comes down to luck like things like timing that you can't control and a lot of creativity it's like You' be the smartest person but if you can't think outside the box or execute it doesn't matter you're not going to do well
