The Daily Practice That Has Changed My Life & Income (1 Change Most People Ignore)

Summary

This video challenges creatives to break free from a fixed mindset and scarcity mentality, urging them to embrace new possibilities and value their work higher. Through personal anecdotes, the speaker shares his journey from earning $30 an hour to $30,000 for a 45-minute talk, attributing success not to privilege but to curiosity, persistence, and mindset shifts. He emphasizes that skills and hard work are essential, but mindset and belief systems are what truly determine one's potential to thrive. The key message is to act boldly and embrace the unknown for growth.

Takeaways

• 💡 Your mindset limits your potential; thinking in a finite, scarcity-based way keeps you from achieving more.
• 🐜 Like fleas in a jar, we can condition ourselves to not push beyond limits we once encountered.
• 🧠 You manifest your reality: believing you're not worth $50,000 for a project means you won't seek out or connect with those who value your work that highly.
• 🎓 Success comes from curiosity, willingness to work hard, and constantly challenging your limitations.
• 💰 You control your earning potential by challenging what people are willing to pay you and increasing your rate over time.
• 🇺🇸 Being in an environment like America, where opportunities are accessible, can enable you to change your financial and social standing.
• 🏋️ Skill and deliberate practice are essential, but true transformation comes from changing your mindset and positioning yourself differently in the market.
• 🎤 Chris moved from earning $30 an hour to $30,000 for a speaking engagement by building experience, improving communication, and shifting his belief system.
• 🧗 Progress requires letting go of limiting beliefs and the baggage of past experiences to open yourself up to new opportunities.
• 📈 To grow, you must embrace failure, risk, and being uncomfortable, as these are essential for breaking through to the next level of success.

Q & A

What is the main mindset issue the speaker is addressing in the video?

The speaker addresses the fixed mindset problem, where designers or creatives limit themselves by believing they are not capable or deserving of higher-paying opportunities, like receiving $50,000 for their work. He encourages shifting to a growth mindset, believing in the possibility of greater success.

How does the speaker relate the story of fleas to mindset limitations?

The speaker uses the flea story as a metaphor for how people limit themselves. Just as fleas stop jumping higher after repeatedly hitting a lid, people limit their potential when they believe they can't go beyond a certain point, even when those restrictions are removed.

What personal experience does the speaker share to illustrate overcoming self-imposed limits?

The speaker shares his journey from earning $30 an hour to eventually being paid $30,000 for a 45-minute talk. He highlights how he consistently challenged the limits of what he thought people would pay him by increasing his rates over time.

Why does the speaker believe mindset is crucial to success?

The speaker emphasizes that mindset is fundamental because beliefs shape actions. If someone believes they are worth more, they will take steps to position themselves for higher-paying opportunities. Without changing this mindset, success remains limited.

How does the speaker respond to people who doubt their ability to earn higher rates?

The speaker argues that self-doubt and limiting beliefs are the main reasons why people don’t earn higher rates. He emphasizes that it’s not about the market but about one’s willingness to challenge those beliefs and take actions that align with higher expectations.

What advice does the speaker give for creatives looking to break their limiting beliefs?

The speaker advises creatives to question their current belief system, assess whether it's serving them, and be open to radically different ideas. He stresses that they need to change their operating system by being willing to take risks and challenge their assumptions.

What role does skill and deliberate practice play according to the speaker?

The speaker acknowledges that skill and deliberate practice are crucial, especially the first 10,000 hours of mastering one’s craft. However, he emphasizes that after mastering the craft, the key to financial growth lies in changing one’s mindset and approach to marketing, communication, and value perception.

How does the speaker view the importance of risk and failure in achieving success?

The speaker sees risk and failure as essential components of growth. He highlights that fear of failure or humiliation is the price of entry for progress. Without risking failure, creatives won’t be able to explore new opportunities or achieve higher success.

What personal background does the speaker share to counter claims of privilege?

The speaker shares that he immigrated to the U.S. as a poor refugee who didn’t speak English and worked his way through lower socioeconomic strata. He explains that his success is due to his mindset and hard work, not privilege or a silver spoon upbringing.

What is the speaker’s ultimate goal in sharing his story and advice?

The speaker’s goal is to empower creatives by helping them realize their potential through mindset shifts. He wants them to understand that their beliefs are the main barriers to achieving financial success and higher value for their work.