“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” — Michael Jordan
You can make excuses all that you want. You can complain about your failures until you run out of breath.
The truth is…
I’ve determined that there’s no substitute for hard work in my 24 years on this planet. Those that work hard for what they have will be able to sustain it in the long term. Those that get lucky or win the lottery, have a greater chance to squander it.
There are will always be more reason for why you can’t do something than why you can do it. You can always think of excuses. On the other hand, if you’re not afraid of work, nothing will stop you.
Instead of just throwing out theory, I wanted to share some examples of hard work and exceptional results:
Mike used to run income reports here that displayed six-figure results. Who wouldn’t want to make great money online? Most bloggers struggle to even publish fresh content or make a few pennies off Adsense. Mike runs a network of sites, on top of a full-time job, marriage, and three kids. That’s pretty intense if you asked me. I can barely take care of myself, let alone four other people.
Mike outsources a lot of his work. This makes him smart. Instead of working on his blogs full-time, he has decided to keep his job and outsource what he can’t complete himself.
Hard work comes in different forms.
Sam was able to retire at age 35. For an outsider the obvious assumption would be that he either inherited money or won the litter. Neither are the case.
I did some research and found out that Sam saved 50-75% of his after-tax income for 13 years. That’s pretty impressive.
I must admit that I didn’t get along with Sam too well until we met at #fincon12. We had some drinks, shared some laughs, and even split a cab to the airport. He’s a passionate dude that likes to push buttons once in a while.
Sam’s hard work involved discipline and working hard for over a decade. He was disciplined enough to save an exceptional chunk of his net income. That’s hard work!
I read many months ago (March) about how Crystal of Budgeting In The Fun Stuff met her goal of $15,000 in one month. That’s amazing!
I remember when Crystal used to leave detailed comments on my blog. I wondered why this avid reader never started her own blog. Now she makes way more money than me! She jumped on an idea and went all the way with it. She wasn’t afraid of work.
I can keep on going with the examples. You probably get the point by now. There are different kids of hard work. Each kind of hard work pays off. You can work hard by practising discipline with your savings. You can work long hours on your side business. You can invest your money and outsource the mundane tasks afterwards.
There’s simply no substitute for hard work. I spent many months and perhaps years, looking for answer and shortcuts. I’ve slowly come to accept that you can’t substitute hard work. You’re either willing to work or you’re not.
What’s the magic formula? I don’t know! I want some help from you guys. I would like for you guys to fill in the blanks for me here.
What balance of working smart vs working hard do you need to find? How can a 20-something focus on the right sort of work to get ahead and retire early?
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