#673 - Stop being so insecure. You’re doing 10 times better than anyone expected.
Dec 19, 2024
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Insecurity can hold you back, but you're likely doing better than you think. Confidence plays a pivotal role in achieving both personal and business success. The podcast dives into the psychology of self-esteem, emphasizing how to cultivate a confident mindset. With insights like the 'midnight test,' listeners learn to balance self-assurance with practical steps to enhance their decision-making skills. Discover a fresh approach to overcoming challenges and reaching your goals!
Reestablishing confidence is crucial for success, as self-doubt significantly hampers decision-making and entrepreneurial growth.
Addressing self-esteem through practical exercises and long-term goal reflection can lead to substantial improvements in personal and professional success.
Deep dives
Rebuilding Confidence for Success
Reestablishing confidence is essential for achieving success and overcoming insecurities. High performers, such as professional athletes, exhibit confidence even before they reach significant milestones, suggesting that confidence precedes success rather than the other way around. Without confidence, no amount of skills or intelligence can drive progress, as self-doubt can hinder effective decision-making and entrepreneurial growth. Addressing and improving self-esteem is crucial, especially for individuals with ambitious financial goals, as demonstrated by a mentee who, despite making substantial income, still grapples with confidence issues.
The Dunning-Kruger Effect and Self-Perception
The Dunning-Kruger effect highlights that often smart individuals tend to doubt their abilities, while those with less competence may exhibit unwarranted confidence. This implies that self-doubt could actually be indicative of a well-calibrated perception of one's abilities. Encouraging a bit of delusion can be beneficial, considering that many successful ancestors likely possessed an inflated sense of self. Striking a balance is essential, as overconfidence can lead to detrimental choices, whereas a more realistic outlook can empower individuals to pursue big goals.
Long-Term Thinking for Financial Decisions
Reflecting on big-picture strategies and long-term goals can foster better decision-making and enhance self-confidence. By considering what actions would be taken if failure were not an option, individuals may uncover insights that drive their business and career choices. Rather than seeking immediate changes, planning for steady progress over 18 months can yield significant results. Practical exercises and programs designed to build confidence can facilitate this mindset shift and promote entrepreneurial success by targeting self-esteem and belief in one's capabilities.
Stop being so insecure. You’re doing 10 times better than anyone expected. You made it through hard times that would have killed the average person.
If you want the ultimate guide to mindset, get the new version of my 67 Steps program. It’s the biggest online self-development course in modern history.