The 21 Principles of the Top 0.01%

Summary

The speaker shares 21 principles of success, emphasizing the importance of being misunderstood, asking better questions, resourcefulness, giving to get, and extreme ownership. They highlight the significance of learning and teaching, investing in priorities, seeking bigger problems, and viewing challenges as blessings or lessons. The principles encourage embracing a 10x mindset, understanding different levels of luck, and being blissfully dissatisfied to keep growing. The talk concludes with the idea that success is a journey without an end goal, advocating for enjoying the process and finding fulfillment in continuous growth and contribution.

Takeaways

• 😀 **Be Misunderstood**: Success often requires you to be misunderstood as you pursue goals that others may not initially support or understand.
• 💡 **Ask Better Questions**: The quality of your life can be improved by asking better questions that lead to clarity and focus, such as identifying problems and evaluating options.
• 🔧 **Be Resourceful**: Success is about finding opportunities and solutions even when resources seem scarce, demonstrated by the '50 to fix it' principle in businesses.
• 🤝 **Give to Get**: The philosophy of helping others to achieve their goals can lead to your own success, reflecting the idea that what you give is what you get back.
• 🏆 **Have Extreme Ownership**: Taking full responsibility for your actions and outcomes, rather than blaming external factors, is a key to personal and professional growth.
• 📚 **Learn, Do, Teach**: Continuous learning and sharing your knowledge with others not only benefits those you teach but also reinforces your own understanding and growth.
• 💼 **Invest in Your Priorities**: Your calendar and bank account are indicators of what you truly value. Investing time and money in your goals is crucial for achieving them.
• 🌐 **Ask for Bigger Problems**: Embracing larger challenges is a way to grow and expand your life, as bigger problems lead to a bigger life.
• 🌟 **Everything is a Blessing or a Lesson**:看待生活中的每一个经历，无论是成功还是失败，都是对你个人成长的祝福或教训。
• 🚀 **Scare Yourself Every Day**: Pushing yourself out of your comfort zone and facing your fears can lead to significant personal and professional development.

Q & A

What are the 21 principles of success mentioned in the transcript?

The transcript outlines 21 principles for success, including being misunderstood, asking better questions, being resourceful, giving to get, having extreme ownership, learning to teach, investing in priorities, seeking bigger problems, viewing everything as a blessing or lesson, scaring oneself, being a river not a reservoir, praising in public and criticizing in private, understanding the four seas of leverage, buying back time, applying the 1080 rule, adopting a 10x mindset, recognizing the four levels of luck, being blissfully dissatisfied, making it about others, thinking in decades, and realizing there's no place to get to.

Why is being misunderstood considered the first principle of success in the transcript?

Being misunderstood is considered the first principle because those who are closest to you may not always see your potential or support your growth, especially when you're trying to achieve something that few people understand or believe in.

How does the transcript suggest using questions to improve one's life?

The transcript suggests that asking better questions can provide clarity and direction. It emphasizes the importance of asking questions that lead to defined problems and solutions, such as the 131 rule, and questions that challenge one's own assumptions or ignorance.

What is the '50 to fix it' principle mentioned in the transcript and why is it important?

The '50 to fix it' principle is a budget given to employees at different levels to solve problems without needing approval. It's important because it empowers employees to be resourceful and take initiative in finding solutions, which can lead to a more efficient and responsive organization.

How does the transcript define 'giving to get' and why is it a key principle for success?

'Giving to get' is defined as the philosophy that the more you help others achieve, the more you will have for yourself. It's a key principle because it encourages a mindset of abundance and generosity, which can lead to reciprocity and greater success.

What is the significance of 'extreme ownership' in the context of the transcript?

Extreme ownership means taking full responsibility for one's situation and response to events, rather than blaming external factors. It's significant because it allows individuals to control their reactions and outcomes, empowering them to shape their own success.

How does the transcript relate the concept of 'learn, do, teach' to personal growth and success?

The transcript suggests that learning and doing are essential for personal growth, and teaching what you've learned is a way to share your knowledge and experience with others. This not only benefits others but also reinforces your own understanding and skills, contributing to success.

What is the '1080 rule' mentioned in the transcript and how can it be applied to creative work?

The '1080 rule' refers to the idea of spending 10% of the time on ideation and 80% on execution, with the remaining 10% for integration. In creative work, this rule can be applied by initially collaborating on the concept, then delegating the bulk of the work to others for execution, and finally refining and perfecting the work.

How does the transcript describe the '10x mindset' and its impact on achieving success?

The '10x mindset' is about setting goals that are ten times larger than what one might initially aim for. The transcript describes it as a strategy that requires a fundamental shift in thinking and problem-solving, attracting talent and resources, and ultimately leading to exponential growth and success.

What does the transcript mean by 'being a river, not a reservoir' and its relevance to success?

Being a river, not a reservoir, means constantly giving away your best knowledge and ideas without holding back (gatekeeping). The relevance to success lies in attracting the right clients and opportunities by demonstrating expertise and value, which in turn can lead to greater success.

What is the concept of 'four seas of leverage' as described in the transcript?

The 'four seas of leverage' refers to content, capital, code, and collaboration. These are considered master skills that, when mastered, can provide significant leverage in achieving success. Content involves creating valuable media and internal systems, capital is about generating and managing funds, code is the creation of automated systems, and collaboration is about working with others to achieve common goals.

How does the transcript suggest using time as a measure of priorities?

The transcript suggests that time is a finite resource and should be invested wisely. It implies that one's calendar and bank account transactions are indicators of what is truly important to them. By investing time and money into their goals, individuals can demonstrate and grow their priorities effectively.

What is the importance of 'thinking in decades' according to the transcript?

According to the transcript, 'thinking in decades' is about long-term commitment and planning. It encourages individuals to dedicate a significant amount of time to their goals, which can lead to more substantial achievements and a deeper sense of fulfillment.

What is the final principle of success mentioned in the transcript, and what does it signify?

The final principle of success mentioned in the transcript is 'there's no place to get to.' It signifies that success is not about reaching a specific destination or achieving a set of external goals, but rather about enjoying the journey, embracing the process, and recognizing one's inherent worth and sufficiency.