How To Develop Your Competency

Brendon Burchard explains how developing skills and adopting a mastery mindset leads to wealth and success. He shares personal experiences and practical advice on investing time, energy, and resources into skill development to increase your value and income potential.
The mastery mindset is a path to wealth. The mastery mindset is a path to wealth. When we invest in our skill development over a period of time, we're more capable of adding new value, exceeding expectations, going to the next level. And as we go to the next level in those areas, we tend to get paid more. As you scale up your competencies, you scale up the likelihood you will build wealth. Long term wealth requires ever increasing competency. What you know now won't get you there. You're gonna have to get new knowledge, skill, ability and talent to go to next level. Even if you luck into a ton of money, you're gonna have to get more competent on what to do with the money, right? Dealing with finances is a skill that you can learn. Well, same thing in every other area of your life. I tell you all the time, I go, show me where you make money. Go what? Show me where you make money. What? What do you do to make money? And they go, oh, well, you know, I have this job or I have this type of business. I said, okay, what's the skill there that you have that you think is driving your pay? What's the primary? If you had to narrow it down to one, two or three skills, it's driving your primary pay. And if you enjoy that skill, go deeper, gain more mastery, take classes, watch videos for free on YouTube. Investing in your skill development and investment means time, energy, money, effort. Right? Time, energy, money, effort. We gotta go. Okay, I, I've gotta, I gotta put something in here. What's worthwhile investing in? I'm like yourself and your skill sets. You know, I went to a bunch of seminars on how to enhance my public speaking. I invested in hiring coaches in that regard. I invested in taking classes and tutorials on how to operate all this gear by myself. I invested in online courses to learn how to do online courses like these are skills that you can develop. And as you learn to develop more skills, it's easier to exceed expectations and add new value, right? I think skill development is way underrated, way under. What we have now is we have a browsing based culture versus a mastery driven culture. When you switch from I'm a browser, right? I'm going to use this phone, I'm going to all day like this and I'm gonna input a million random things that mean nothing to me whatsoever. Two, I'm gonna use this thing to deeply study something that will give develop my skill, my capabilities so I can build better, serve better, lead better change, add value. When this becomes a tool of study, versus just selfies or distraction. Now you're on the right path to wealth. Now you're on the right path to wealth. This is so important. I would say one of the fundamental problems in our culture right now, worldwide, is that most people invest their time in consumerism, shopping, or in entertainment, just absorbing, taking it in, and very few in active development of skill. And, and skill can be communication, conflict management, negotiation, leadership, influence, like soft skills or hard skills, like coding, like building something, like designing, like creating something, like actually executing a process or behavior, like athleticism, like something where you're just developing that over and over. The mastery mindset is a path to wealth. The mastery mindset is a path to wealth. When we invest in our skill development over a period of time, we're more capable of adding new value, exceeding expectations, going to the next level. And as we go to the next level in those areas, we tend to get paid more. That's important. What's the primary drivers of how you get paid today? What are the major skills? How can develop them? Can get way better at them. Way better at them. I had to learn that in every area, from online marketing, to email marketing, to influencing, to teaching, to running the gear, to running the company, to how to deal with employees, to how to build up the finances of a company. Like, I don't know how to do any of that coming out of a broke mining town. But what I said is, I want to be able to serve at the highest levels. So what skills do I need to learn? When I was an author and I was broke, I said, what skills do I need to learn? Okay, well, one skill for me is writing a book. So I'm gonna study how to write well. So I studied and studied and studied how to write well, great. That's one skill, though, isn't it? And I'd look at these other authors. I said, well, how are they so rich? How are they wealthy? Well, it turned out a lot of them were on the road speaking, and as they spoke, more people bought more books. And I was like, well, that's a virtuous loop. Okay, so if I can learn to become a teacher and a speaker, then people buy more books. Well, I want to be a writer who sustains my life as a writer. That was my goal. Okay, I guess I could add that skill which would support the finances over here. It was an adjacent skill that served the main goal for me. Okay, well, I hate speaking. I don't like it. But I was like, well, why don't I like it? Well, because I don't know how to do it. I'm uncomfortable doing it. Well. I was uncomfortable riding a bike. I didn't know how to do that. Well, let me try. Let me put some training wheels on. Let me learn to speak. So. So I started speaking and teaching myself. Time, energy, investment of my heart and my soul to speak. And I was literally speaking to myself in a room, walking around, wearing out my carpet, just teaching myself to talk out loud about topics for long periods of time. You know, it's like, okay, figure out how to do that. Then I was like, okay, I need to get in some practice. I need to get in front of some audiences. So I'd start doing it in classes. I'd volunteer to give my report out, or when it was time to give the report out, I'd put some flourish on it, man. And I just thought, okay, I'm gonna keep getting better. I'm gonna keep trying to get in front of more and more audiences and bigger and bigger. I'll speak free. I don't care. I just need to run the reps to gain the skill so I can become good at it. Because I saw speaking as an adjacent way to serve people beyond just my writing. So that was an entire skill that I built up from scratch with no natural talent or ability. In fact, more fear. And so it was like, okay, but that's going to serve over here. Let me see if I can do it, and let me see if I enjoy it. And of course, once I got over the fears and I saw the impact beyond me with people, I was like, wow, that really made a difference in a person's life. Who may not read my book. Wow, this is just another vehicle for me to make my difference. I thought it had to be about book writing. I was like, oh, but I can make a difference this way, too, huh? And I can enjoy this, too, huh? And if I hadn't done that, we wouldn't even be here right now. If I hadn't learned to run a camera by myself, because I'm in a room by myself. I don't know if you can. Like, this is. I'm literally. This is a real room. I'm. I'm. I'm here by myself, running all this gear. Like, it's just me. And so I had to figure out, like, well, how do I do that? How do I do the lighting? Right before we began, literally, with the team, we were adjusting the camera, and they're watching on zoom. I'm like, how about here? How that. What do you think about that? Like, trying to figure out all these little things without knocking everything down. And if I hadn't learned that, we wouldn't be here. So I would also say I wouldn't reach the scale in my own career. As you scale up your competencies, you scale, scale up the likelihood you will build wealth. Hey, it's Brendan. Thanks for watching this video. Please enjoy all the other videos on my channel and listen if you would love to have a daily, exclusive life coaching audio for me. Make sure you go get signed up for Growth Day. If you didn't know, Growth Day is the world's number one personal growth app. And it's the app where you go and you get your mindset right. You set your goals, you track your habits, you. You take wellness challenges and you overall improve your life so you become more successful and joyous and happy. It's called Growth Day. It's an app. You can download it on your phone anywhere or just go to growthday.com and make sure you get it. Because every day I leave that exclusive life coaching audio to help you level up and advance your Life. Go to growthday.com and get signed up right now.










