To many people, the idea of becoming rich is a dream that can seemingly only be achieved through some highly improbable stroke of luck, such as winning the lottery or getting lucky in Vegas.
Many people would love to be an expert in their field, whether their dream is to be a concert pianist, a black belt in jiu jitsu, a best-selling author, or a top-tier consultant. Kids dream of becoming movie stars, NBA stars, and pop stars, but only a tiny fraction of people who aspire to those goals will ever achieve them.
The reason that most people never reach the levels of wealth or success that they want is because they are unwilling to take the tiny step each day that is required to achieve their goal.
There are basically two paths to wealth, success, and personal improvement:
- Being extremely lucky
- Working hard over a long period of time, making gradual progress
For all practical purposes, option 1 is not realistic. Luck is not reliable.
However, there is a consistently reliable path to success in business, finances, and other areas of life: To achieve your goals, all you have to do is make incremental progress, day over day.
Over time, as you continue to invest in yourself a little bit each day, your growth will accelerate. Each new thing you learn or achieve will build upon what you’ve done previously. In other words, when you develop skills and assets, those skills and assets help you acquire new skills and assets at an accelerating pace.
A real-world example of this is compounding interest. As your investment grows, your money snowballs on itself and grows faster and faster. Similarly, as you develop your skills as an entrepreneur by getting your hands dirty, your financial and mental assets grow more capable of building businesses faster and with more reliable rates of success.
You almost certainly won’t become an overnight success in anything you attempt. It’s practically impossible for you to start investing in the stock market tomorrow and 100x your money, or begin taking piano lessons tomorrow and be a concert pianist a day later. You probably won’t succeed at the first business you try to start.
But by simply getting started today, spending just a few minutes learning and developing your skills through practical experience, your skills and assets will snowball, and a few years down the road you’ll be amazed at how far you’ve come.