Focus on what you know

Summary

  • I believe in focusing and doubling down on your expertise. By concentrating on what I'm good at, I can get a better upper hand in my industry.
  • Take Warren Buffett as an example. He didn't invest in tech companies for a long time. Instead, he focused on what he already knew well, which helped him build most of his wealth.
  • To become a master in my field, I need to spend more than 10,000 hours working on the same exact industry. This dedication allows me to become better than everyone else in that area.
  • By mastering one area, I can become an expert and really standout, instead of jumping on every new trend that comes along.

Video

How To Take Action

I would suggest implementing a focus-first approach in your business or personal growth journey. Start by identifying your strongest skills or areas where you already have some expertise. By concentrating on these strengths, you can gain an upper hand over competitors. For example, Warren Buffett built his success by investing in areas he knew well instead of chasing the latest trends.

A good way to deepen this expertise is by dedicating time to learning and practicing those skills. Aim for the 10,000-hour mark in your field, as this helps you become a master. This doesn't mean you have to do everything at once; set aside a manageable amount of time each day or week to improve and learn. Small, consistent actions add up over time.

Avoid getting distracted by every new trend. It's tempting to jump on the latest bandwagon, but the real value lies in being extraordinary in one area instead of being average in many. Avoid spreading yourself too thin by being selective with your energy and resources.

Create a plan to track your progress. This can be as simple as a journal or a spreadsheet where you note the hours you spend honing your craft. Seeing your growth over time can keep you motivated and focused on your goals.

By doubling down on what you know and love, you can set yourself apart and achieve great success.

Full Transcript

every new trend They double down on their expertise If you look at Warren Buffett he never really invested in tech companies until recently He stuck to what he knew and that's what built the majority of his wealth This is how you get your upper hand You spend more than 10,000 hours on the same exact industry mastering it becoming better than everyone

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