10 Secrets to Success

 
January 17th, 2008 by Victor Stachura

silver trophyWhat is it that makes people successful and I mean really successful compared to you or me? Are they smarter or do they work harder? Are they risk takers or have powerful and influential friends?

The financial newspaper Investors Business Daily (IBD) asked these same questions a few years ago and started a multi-year search for the answer. They studied industry leaders, investors and entrepreneurs to understand the traits they all had in common that contributed to their success. Reproduced here is their list of 10 Secrets to Success along with my commentary on each no-so-secret, ‘secret’.

I decided to reproduce the list here and comment on each of the traits in hopes of motivating you and myself in the process. It’s time for me to take my own advice and start on the path to my dreams. I hope to motivate you, by using myself as an example.

I originally came across this list when I was staring at some papers on a refrigerator owned by someone who was very successful – both personally and financially. My family and I had just spent the night as a guest in a great house in the suburbs of Boston. We were living life large as we played pool in the rec room, drank wine from the wine cellar, and enjoyed a dip in the hot tub. The problem was, neither of the couples in the house owned the property or the life we were pretending to have. You see, my friends were house sitting for the original owner and they had invited us to stay for the weekend.

It wasn’t until the morning after our little ‘party’ that I noticed something taped to the refrigerator – something that impacts me each time I read it. It was the IBD 10 Secrets to Success. Once my head cleared, I quickly copied them down and read them over and over again. After our vacation I made copies and posted them in my home office and inside a journal I decided to keep.

The problem was, after a couple of months I forgot about the secrets and they fell by the wayside. And so did my actions towards my goals. At the time the articles 7 Ways to Grow the Action Habit or How To Motivate Yourself – Self Motivation didn’t exist and I lost my motivation. Well, I re-discovered the list and want to share it with you now. I hope you take these not-so-secret, secrets to heart and realize your dreams – whatever they may be.

1. How You Think is Everything.

Always be positive. Think Success, not Failure. Beware of a negative environment.

This trait has to be one of the most important in the entire list. Your belief that you can accomplish your goals has to be unwavering. The moment you say to yourself “I can’t…”, then you won’t. I was always given the advice “never say I can’t” and I’d like to strike those words from the dictionary.

I’ve found that from time-to-time my attitude waivers. A mentor of mine once said “it’s ok to visit pity city, but you can’t stay and there comes a time when you need to leave”. Positive things happen to positive people.

2. Decide upon Your True Dreams and Goals: Write down your specific goals and develop a plan to reach them.

Write down my dreams and goals? Develop a plan to reach them? You mean like a project plan? Yes, that’s exactly what this means. You may have heard the old adage: A New Years resolution that isn’t written down is just a dream, and dreams are not goals.

Goals are those concrete, measurable stepping stones of achievement that track your progress towards your dreams. My goal is to start a second career as a freelance writer – what are your goals?

3. Take Action. Goals are nothing without action.

Be like Nike and “Just do it”. I took action by reaching out and started writing. Every day I try to take some action towards my goals. It may be small, but it’s still an action. Have you taken action towards your goals?

4. Never Stop Learning: Go back to school or read books. Get training & acquire skills.

Becoming a life long learner would benefit us all and is something we should instill in our kids. It’s funny that once you’re out of school you realize how enjoyable learning can be. What have you learned today?

5. Be Persistent and Work Hard: Success is a marathon, not a sprint. Never give up.

I think every story of success I read entails long hard hours of work. There is no getting around this and there is no free lunch. But, if you’re working towards something that you’re passionate about, something you love – then is it really work?

6. Learn to Analyze Details: Get all the facts, all the input. Learn from your mistakes.

I think you have to strike a balance between getting all the facts and making a decision with incomplete data – both are traits of successful people. Spend time gathering details, but don’t catch ‘analysis paralysis’.

7. Focus Your Time And Money: Don’t let other people or things distract you.

Remain laser focused on your goals and surround yourself with positive people that believe in you. Don’t be distracted by the naysayer’s or tasks that are not helping you achieve your goals.

8. Don’t Be Afraid To Innovate: Be different. Following the herd is a sure way to mediocrity.

Follow through on that break-out idea you have. Ask yourself “What would I do if I wasn’t afraid?”

9. Deal And Communicate With People Effectively: No person is an island. Learn to understand and motivate others.

Successful people develop and nurture a network and they only do that by treating people openly, fairly and many times firmly. There is nothing wrong about being firm – just don’t cross the a-hole line. How do you deal with people?

10. Be Honest And Dependable: Take responsibility, otherwise numbers 1 – 9 won’t matter.

Enough said.

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65 Comments

  1. Patrick Mathieu on 17.01.2008 at 09:51 (Reply)

    Thanks for sharing this list!

    I would also point out that it’s very important to begin with a clear definition of what “success” means to you. Otherwise, you run the risk of ending up being an unsuccessful success.

    -Patrick

  2. Eugene (Editor, Varsity Blah) on 17.01.2008 at 09:56 (Reply)

    How you think is definitely everything. I wrote about it in Work in Progress:

    “One of the biggest things that held me back in life was my limiting belief about what was possible. I was always talking about how I couldn’t do this or how I couldn’t be that. Is it really surprising to see that what I believed actually came true?

    We all need to start seeing the world from a different perspective. That comes from going out everyday and keeping our eyes open to all the possibilities. It comes from learning new and exciting things that force us to stretch our minds and move outside our comfort zones.”

    1. Vern Dant on 26.11.2008 at 10:17 (Reply)

      Great thoughts on the 10 Secrets

      Especially: what I believed actually came true

    2. Steave on 14.02.2010 at 17:42 (Reply)

      Great article as for me. It would be great to read a bit more about this theme. Thank you for sharing this info.

  3. Etavitom on 17.01.2008 at 12:26 (Reply)

    I am so happy you found this list. Thanks for the profound wisdom! All the best in 08, Brad

  4. Saikat on 17.01.2008 at 13:11 (Reply)

    The common thread I share with you is that I too am starting a second career as a freelance writer. And its time for me also to wake up and turn my dreams into clear goals. So it felt really nice to reaaffirm whats important through this post. Of all, I think three secrets are the most important –
    Secret 1, Secret 3 and Secret 5.

    I try to take at least a small step each day come what may.
    Thanks for the article, again.

  5. Jeff@My Super-Charged Life on 17.01.2008 at 16:34 (Reply)

    I agree with you that the first secret has got to be the most important. This is a topic that really interests me. I am becoming more and more convinced that we are surely only limited by our own thoughts. I have just started writing myself and it is sometimes hard to stay positive. You have a nice blog and it looks like you have created some good readership. Any tips for for someone just starting out?

  6. tracy ho on 17.01.2008 at 21:46 (Reply)

    Great motivation article,

    Thank you

    To your advance success,

    Tracy Ho

  7. sir jorge on 17.01.2008 at 23:08 (Reply)

    I’m going to take these into account for sure

  8. Not a Niche on 18.01.2008 at 02:22 (Reply)

    Great article! I also just wrote about the Key and Secrets to success. Richard St. John made a great presentation Secrets to Success in 8 Words and 3 minutes.

    Watch the video http://afrison.com/secrets-of-success-in-8-words-and-3-minutes/540/

    That sums up pretty much with your article.

  9. adelaide on 18.01.2008 at 13:00 (Reply)

    I think it’s also important to get over fear of success itself. For many, their deepest fear is not that they are inadequate, it’s that they are powerful beyond measure.

  10.   Weekend Links by TraderBubs.com on 19.01.2008 at 12:21

    [...] wrote a similar post on IBD’s secrets to success but the folks over at PickTheBrain.com have a much more detailed [...]

  11. John on 19.01.2008 at 14:54 (Reply)

    Or you could just read “Think and Grow Rich” by Napoleon Hill. It’s an almost 80 years old book now, and it covers everything in your list in detail, and more. Cheers :)

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  13. Audio Books in Review on 20.01.2008 at 10:29 (Reply)

    My weakness is #6. I am never quite sure where to go find “the details”. And, even when I get them, I’m not well-suited temporarily to long deliberations. Thus, I often end up “winging it”…which sometimes works…but I often regret that I didn’t spend a little more time on my decision.

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  15. Varsity Blah on 21.01.2008 at 00:11

    Get the Edge…

    Now that all the hoopla of resolutions seems to have faded (and flocks of new gym members have reneged) it’s time to stop and reassess. Clearly, all the good intentions in the world mean nothing unless they result in concrete action. And clearly that…

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  17. Meow J. on 21.01.2008 at 16:41 (Reply)

    I really enjoy recieving articles from this site by rss feed. Thanks for offering that option. Please keep up the good work of coming up with helful, interesting articles.I also have a goal of starting a career as a freelance writer, and I know it can be tough to find the time and energy to write when there are so many other things that have to be done on a daily basis. Good luck to you–stay motivated.

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  22. MidniteHummer on 28.01.2008 at 00:19 (Reply)

    That’s something like that

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  25. Grampa Ken on 28.01.2008 at 10:30 (Reply)

    We are successful when we are no longer trying to achieve a better life. It means that we are content with ourselves and what we have. This could be sooner or later, or now depending on our attitude and values.

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  33. Steve Upstill on 29.01.2008 at 16:56 (Reply)

    #11: Dare to Suck
    You’ll find this list in various forms, but the entry I never see is Dare To Suck. That is, you must realize, come to terms with, and find a way to turn into a positive, the reality that any long-term skill worth acquiring–whether it’s playing an instrument, writing, or making fine furniture–entails a long, exhausting period of not being very good at it. In other words, if all you have in mind is the endpoint at which the world acclaims your skill, then you’ll never make it through the wilderness of mediocrity because IT’S NOT WORTH IT. Long-term, hard-work, persistence goals only pay off in retrospect, if the endpoint is all you care about. You have to find a way to enjoy the journey.

    This sounds more negative than it is. It’s just a reminder (direly needed in an achievement-oriented culture) that being an exemplary practitioner is not the only reason for doing something. There is value in dicking around and hanging it out there. But you need to find that value for yourself. It’s the only way you’ll get through.

    1. John Wesley on 29.01.2008 at 17:16 (Reply)

      I agree. Most people are far to risk-averse when it comes to trying new things and chasing opportunities.

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  39. Lin Shenjia on 07.03.2008 at 05:00 (Reply)

    Thank you a lot for your tips! I am really inpired.
    It will help me a lot with my future career!

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  43. kevy on 22.09.2008 at 08:42 (Reply)

    its all rosy and easy stuff to grasp at when you are in us but places like zim its actually difficulty and it will really be helpful if these secrets can be made more ideal for times like we have in zim where after finishing varsity the only option available is moving out of the country. how can such secrets work in a jungle

  44. bobby on 24.09.2008 at 09:21 (Reply)

    this sucked

  45. bobby on 24.09.2008 at 09:21 (Reply)

    shut up ho

  46. Saikat Basu on 26.11.2008 at 10:39 (Reply)

    Superb article and instead of pasting it on my refrigerator door, I have put it on paper and inside my wallet. I read it everytime whenever I am plagued by doubts.

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  48. Prabs on 02.02.2009 at 07:24 (Reply)

    VERY THANKS.
    YOU HAVE NOT ONLY SHARED THE THINGS BUT AT THE SAME TIME
    EXPLAINED IT TOO.
    WE ALL ARE AWARE OF THESE FACTS BUT THE THING IS WE DON’T PRACTICE THEM DUE TO ONE OR THE OTHER REASONS.

    I WILL TRY MY BEST TO SEE IF IT WORKS.
    WILL INFORM YOU ABOUT THE RESULTS

    1. sharmila on 27.02.2009 at 21:06 (Reply)

      THINK U R IN A BETTETR POSITION.ALWAYS THANK GOD. LIFE IS A JOURNEY,ENJOY IT.BUT UTILIE IT PROPERLY TO PROSPER IN LIFE.HAVE HOPE ON U FIRMLY.

  49. sharmila on 27.02.2009 at 21:02 (Reply)

    have hope on you. if mistakes happend learn from it.say thanks to GOD U R IN A BETTETR POSITION.

  50. saral sharma on 09.05.2009 at 00:20 (Reply)

    I am saral and have done my Graduation in 2007 now I suffering with my life becouse I was wested my time when I was in Educational life but still I well known that Time is not wait for anyone now I want to improve in my life I make mistakes in my English reading or writing. So could you give me some tipes over it that How can I made it possible.

  51. Subramanian on 22.09.2009 at 08:37 (Reply)

    It is the best way to lead and live the life.
    Think .Act . Do..

    Don’t wait for it..

  52. Subramanian on 22.09.2009 at 08:41 (Reply)

    Don’t wait for opportunities to come to you.The person who grabs opportunities wins.
    Be initiative and updated.
    This can make you move on.

  53. Life it up on 29.09.2009 at 02:58 (Reply)

    Superb article!!What a thought,great!!!but what matters that leads to successin life is how much we implement these thoughts practically.

  54. Nicola on 03.10.2009 at 08:02 (Reply)

    Always have a faith in your Goals
    Ask from God like Jesus said and God will give you anything you want.
    Chase your dream and never give up.
    Nicola(www.LordMovie.com)

  55. lumzy on 21.10.2009 at 09:33 (Reply)

    this is a lovely comment i am looking forword to seeing some

  56. fxtraderwin on 27.10.2009 at 23:31 (Reply)

    simply put,when the edge is gone,get out …mike reed

  57. joseph p.martino on 27.11.2009 at 20:11 (Reply)

    ” the high price of success is bought, paid and purchased with blood, sweat and tears.”
    copyright joseph p.martino

    ” you can learn more from your competitors than your friends, they will be among the very first to expose your every flaw and shortcoming.”
    copyright joseph p.martino

    “the man and woman with sight see things as they are, the man and woman with insight see things as they could be.”
    copyright joseph p.martino

  58. joseph p.martino on 28.11.2009 at 16:21 (Reply)

    “if you want to get on ‘top’ of any situation you must
    first get to the ‘bottom’ of the problem.”
    copyright joseph p.martino

  59. smriti on 09.12.2009 at 10:08 (Reply)

    thnx soo much for sharing

  60. mitchel hohnson on 29.12.2009 at 04:14 (Reply)

    Really motivating.Good insights.Success is all about applied knowledge powered by positive thinking .
    Its all about repeating the Success secrets of the greats.

  61. WILSON on 23.02.2010 at 06:38 (Reply)

    I am really happy for those advices.No change can come without the effort.Learn to be the time-keeper!

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