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Radical Personal Finance

962: How to 10x Your Income (The 1000% Formula)

Sep 7, 2023
The podcast discusses the concept of the 1,000% formula for increasing productivity and effectiveness in work life. It highlights the importance of daily reading for personal growth and education. Treating others with respect and kindness is emphasized to enhance career opportunities. The podcast also shares strategies to strategically increase income and the importance of focusing on important tasks.
31:29

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Quick takeaways

  • Consistently increasing productivity by 1/10th of 1% each day can lead to a 1,000% improvement over a decade.
  • Spending at least one hour each day reading material that uplifts and educates can provide the equivalent of a master's or doctoral degree worth of information and training.

Deep dives

The 1,000% Formula for Productivity

The podcast episode discusses the concept of the 1,000% formula for productivity. This formula, originally taught by Brian Tracy, emphasizes the power of small daily increases in productivity that can lead to significant improvements over time. By consistently increasing productivity by 1/10th of 1% each day, it can result in a 2% improvement per month and a 26% improvement over the year, ultimately culminating in a 1,000% improvement over a decade. The formula emphasizes the importance of reading for personal growth, prioritizing tasks, concentrating on the most important task, and engaging in continuous learning through educational audios and attending conferences to stay up-to-date in one's field. The formula also encourages self-reflection, treating everyone with respect, and aiming to become more valuable in order to increase income and career opportunities.

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