A short Q&A video in which Brian Tracy answers a social-media question about how to choose which approach to pursue first when multiple paths exist to achieve a financial goal. Tracy emphasizes writing goals down, choosing the most logical option given current skills and opportunities, learning by rapid experimentation, and accepting repeated failure as part of the path to eventual success.
Hello, my name is Brian Tracy. I get a lot of questions from my friends on social media and I've decided to answer some of them as we go along. Here's a question we received.
How do you pick the most valuable goal on your list of goals to perform first? I have a financial goal and I managed to find multiple different ways to achieve that goal. But I don't know which one of the ways to implement first. What criteria should I apply to select one to focus on? Should I choose the most feasible, the one has the most potential gains, or the one that I think is easiest?
If you want to achieve a financial goal, it's first of all very important that you write it down. And second of all, if you have a list of different ways to achieve the financial goal, then you ask yourself which of these makes most sense right now with my existing knowledge, skills, opportunities and so on, and then you try it out. The rule is that nothing works. Nothing works the first time and sometimes it doesn't work the first five times or ten times. A young man went to the founder of IBM, Thomas J. Watson Sr. And asked him, what can I do to be more successful faster? And Watson said, it's simple. If you want to increase your success, you must double your rate of failure. You must double fail more often and faster. He said success lies on the far side of failure. So you don't sit there and say, which of these should I do? You pick the one that's the most logical and you do it and you get feedback and you learn and you try it again over and over. Almost every person who has been successful financially has spent anywhere from 15 to 20 years of experimentation before they finally hit the formula that enabled them to earn a lot of money. Self made billionaires in a recent study had been in their field for 15 years, working an average of 10 or 12 hours a day before they found the right combination of circumstances, products, people, money and market demand that led to them becoming wealthy. So be prepared to make a lot of mistakes and try a lot of things. I hope that answer was helpful to you and if it was, be sure to take action and take action now.
