The 17 Laws of Success

Summary

This video shares 17 success secrets gleaned from the top one percent, emphasizing the importance of choosing the right partner, valuing opinions over unsolicited advice, and investing in assets. It highlights the significance of discipline, practicality, and the right timing in career choices. The speaker stresses the need for building strong relationships with banks, maintaining a tight-knit circle, and taking radical responsibility for one's life outcomes. The video concludes by illustrating that private victories pave the way for public success and that consistent dedication can make any endeavor appear effortless over time.

Takeaways

• 👫 The choice of life partner is crucial for success, as they can either support or distract from one's ambitions.
• 🗣️ Not everyone deserves a say in your decisions, even if they are entitled to their own opinions; discern the difference between the two.
• 💰 When acquiring wealth, invest in assets rather than spending on fleeting luxuries to secure your financial future.
• 🛠️ Focus on practical business strategies rather than chasing the allure of 'sexy' or trendy ventures.
• 🌅 Establish a consistent morning routine that sets a positive tone for the day, tailored to your personal preferences and needs.
• 🤐 Practice the art of silence; talking less can lead to more effective listening and fewer mistakes in high-stakes situations.
• 🕰️ Recognize the importance of timing and choosing the right opportunities at the right moments in your career.
• 🏆 Prioritize discipline over motivation, understanding that consistent effort is more reliable than sporadic bursts of enthusiasm.
• 🏘️ Acquire and retain high-quality assets early in your career to build a solid financial foundation.
• 💤 Avoid resting on your laurels; continuous effort is required to maintain and grow success.
• 🏦 Cultivate strong relationships with banks early to facilitate future financial needs and opportunities.
• 🔒 Keep your inner circle small and tight-knit to maintain privacy and support your rapid pace of progress.
• 🔑 Embrace radical responsibility for all outcomes in your life; own your successes and failures.
• 💼 Work with the drive of someone who is new to wealth but adopt the values and wisdom of 'old money'.
• 🌍 Understand that you won't single-handedly change the world, but you can contribute to making it slightly better.
• 🏆 Private victories pave the way for public successes; recognize the unseen efforts behind visible achievements.
• 🔄 Persistence in a singular pursuit for over a decade will eventually make it appear effortless to others.

Q & A

What is the first success secret shared in the video for becoming part of the top one percent?

The first success secret is realizing that the woman a man chooses will be the most important decision he makes, as she can either support his ambitions or distract him.

Why is it important not to let others' opinions cloud your judgment according to the video?

It's important because everyone is entitled to an opinion, but not everyone deserves a say in your life, especially if they lack the experience or success in the area they are commenting on.

What is the advice given in the video regarding what to do when you make a large sum of money?

The advice is to buy assets instead of spending the money on luxuries or frivolous expenses, as assets are harder to sell and can secure your financial future.

What does the video suggest about the types of businesses that the most successful people are involved in?

The video suggests that the most successful people are often involved in practical, traditional businesses rather than glamorous or trendy ones, focusing on market inefficiencies or incremental improvements.

How does the video describe the importance of a morning routine for setting the tone of the day?

The video emphasizes that a consistent morning routine, regardless of the time you wake up, is crucial for starting the day impactfully and setting a positive tone for the rest of the day.

What is the significance of talking less and listening more according to the video?

Talking less reduces the chances of making mistakes and allows for better analysis of situations, while listening more enables you to gain insights and perspectives from others.

Why is it suggested to focus on doing things in the right order rather than just doing the right thing?

Focusing on the right order acknowledges that each stage of a career has its own appropriate actions and opportunities, and trying to skip steps can lead to failure.

What is the video's stance on the importance of discipline over motivation for success?

The video argues that discipline is more reliable than motivation for achieving success, as motivation can be fleeting, whereas discipline ensures consistent effort.

Why does the video recommend buying A1 assets early in one's career and holding onto them?

A1 assets are stable and long-term investments that can be passed down through generations. They also provide collateral for securing loans for future ventures.

What does the video mean by 'if you sleep on a win, you're going to wake up with a loss'?

This phrase means that success is not a one-time event but a continuous process. If you rest on your laurels after a win, you may lose your momentum and ultimately face setbacks.

Why is building good relationships with banks from an early stage important according to the video?

Building good relationships with banks early on can facilitate future financial needs, such as business acquisitions or large investments, and can provide access to premium banking services when significant wealth is accumulated.

What is the video's advice on keeping one's social circle?

The video advises keeping your social circle small and solid to ensure that you confide only in those who can keep up with your pace of life and to minimize the risk of private information being leaked.

How does the video define 'radical responsibility' and why is it important for success?

Radical responsibility is the concept of taking full ownership of all outcomes in life, whether positive or negative. It is important for success because it promotes self-analysis and learning from one's actions.

What is the video's perspective on the idea of 'changing the world'?

The video suggests that instead of aiming to change the world, one should focus on making it slightly better through their work, as even small improvements can collectively lead to significant changes.

What does the video mean by 'private victories lead to public victories'?

Private victories refer to the personal efforts, sacrifices, and achievements that are not publicly visible but are necessary to achieve public victories, such as material success or recognition.

Why does the video say that after 10 years of doing one singular thing, it will start to look effortless?

After 10 years of dedicated practice and experience in a particular field, the skills and mastery acquired can make the task appear effortless to others, as the individual has internalized the process and can perform it with ease.