If Hustling Was Enough to Get Rich, the World Would Have a Lot More Rich People - Deepstash
If Hustling Was Enough to Get Rich, the World Would Have a Lot More Rich People

If Hustling Was Enough to Get Rich, the World Would Have a Lot More Rich People

Curated from: medium.com

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The ā€œNo pain, no gainā€ mentality

The ā€œNo pain, no gainā€ mentality

Many people mistakenly believe ā€˜hustlingā€™ is the secret to wealth and success and so they choose to struggle.Ā 

Hustling has become a trend among aspiring entrepreneurs and many of them brag about how hard theyā€™re working. But that doesnā€™t mean working hard for the sake of working hard. You have to decipher what is working and whatā€™s not. Hustling is only a part of the equation but it canā€™t guarantee you to be rich and successful. Even worse it can cause frustration, depression, burnout, and other physical and mental disorders.

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Leverage is what makes people rich, not hustling

Rich entrepreneurs know how to leverage other people's time, money, other people's resources, other people's talent, other people's skills, other people's intelligence.

Leveraging is also the key to achieving x times more results and x times more quality x times more quickly.

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Why hustle to teach yourself when you can always hire someone

Hiring people to do what you suck at, or donā€™t know how to do isnā€™t your weakness because thatā€™s what makes you an entrepreneur.Ā 

Utilize your time and energy creating a business plan ( not a perfect one! ), coming up with a more effective marketing strategy, honing your communication skills, come up with the right solution for your customerā€™s burning problem, bringing in more sales, managing your team, etc.

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Donā€™t try to do everything yourself

As an entrepreneur, you make the major decisions and plan what to do. You make your own strategy to get things done. But it does not mean you have to do everything yourself.

Your job is to ā€¦Ā 

  • ā€¦ figure out your vision.Ā 
  • ā€¦ hire people who have the quality and talent to help you execute your vision.Ā 
  • Motivate the people you hired, make them feel that they are also a part of the company.
  • ā€¦ allocate the resources that are required to help your team execute your vision.Ā 

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Time spent thinking is more valuable than time spent hustling

Nobody has become a billionaire by 100x or 1000x more hours or hustle. It's not about how many hours you put in or how hard you work, it's about how hard you think and how smart you strategize to accomplish your goals.Ā 

Think 10x bigger and harder, you should strategize 10x smarter instead of trying to hustle 10x harder.Ā 

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Hustlers donā€™t understand the 80/20 rule

Successful and rich people focus only on a few, very productive tasks that will earn them most of the rewards. The 80/20 rule asserts that for many outcomes roughly 80% of results come from only 20% of the causes.Ā 

The goal of the 80/20 rule is to identify the inputs (causes) that will potentially produce the most productive outputs (results).

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How to apply the 80/20 rule in your business

Identify a few tasks from your to-do list that will potentially give you the most productive results and spend your time and energy on those few, very productive tasks rather than wasting hours on something that wonā€™t give you much of a reward.

In this way, you wonā€™t feel overwhelmed all the time, and at the end of the day, you will feel like you have done things that will actually make you most of the money.Ā 

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IDEAS CURATED BY

Markus 's ideas are part of this journey:

Upskilling: Preparing For The Future

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Identifying the skills needed for the future

Developing a growth mindset

Creating a culture of continuous learning

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