I heard a challenge today. If you invest 3% of your annual earnings into self-development, your earning potential, if acted upon, can increase exponentially.
It hijacked my attention very quickly.
Story was told of a young man, 23, who begin investing 3% of his annual income in materials that would help him improve in his career. The first year he went from making $20,000.00 to $30,000.00. While he began investing 3%, after a few years he began investing 10% of his earnings in self-development. Books, audio/visual materials, seminars, etc. After 10 years he was making $1,000,000.00.
A million dollars a year.
If you will take the time and develop your skills, your earning potential will increase. On average, for every hour Americans spend on education and self-development, they spend 50 hours on entertainment in one form or another. Begin reversing this ratio and you will upend your life for the better.
Here are some tools that will help you craft a career. And a life too:
Talent Is Overrated: What Really Separates World-Class Performers From Everybody Else (Geoff Colvin) – This book effectively dispels the myth that people like Mozart were born to write music and Tiger Woods to play golf. Both these luminaries, and others so profiled, got where they were through years of hard work and deliberate practice.
The Success Principles: How To Get From Where You Are To Where You Want to Be (Jack Canfield) – With chapters like “Success Leaves Clues” and “Commit To Constant And Never-Ending Improvement” you won’t go wrong with this read. Canfield, co-author of the hugely popular Chicken Soup For The Soul series, gets it right every time. Practical and down-to-earth.
The Magic of Thinking Big (David Schwartz) – A great book. Dr. Schwartz effectively demonstrates the difference between winners and losers: What one thinks about. Good thinking will launch you. Poor thinking will weaken you.
Twelve Pillars (Jim Rohn & Chris Widener) – I read this in an afternoon this past summer. This is a parable illustrating basic truths, which followed, will improve your career and your life. Short, but potent.
The 21 Irrefutable Laws of Leadership: Follow Them and People Will Follow You (John Maxwell) – An ace on leadership, this book should be in the library of every leader. Maxwell, who has written countless books on leadership, boils leadership down effectively to 21 principles. Buy it. I had the privilege of seeing John speak on the tour that promoted this book in 1999. Outstanding. The chapter on “The Law of Influence” alone is worth the price of the book.
Have at it. 2012 is your year.