The most effective and simplest American Formula for Success in any area

 24^th August 2021

The most effective and simplest American Formula for Success in any area

Dear Fellow Travelers,

Namaste! Our post on Vishnu, Laxmi Ji, and Owl was an eye-opener for many readers. Those who are running after money day in and day out and still not happy – they must read this post and give a fresh look at their life and profession. Today, we are dealing with the most effective and simple formula for success. Anybody can apply it without using much brain.

American Success Formula: -

1.   Decide what you want?

2.   Find out the price of the same.

3.   Resolve to pay the price.

4.   Enjoy the Results.

I have never seen such a simple formula in any self-help book. Let us see the formula in detail.

Decide what you want?

This is the most difficult step in the whole process. One management book was saying 90% of the people don’t know what they really want from life till they reach their death bed.

A normal person has lot many parameters when he wants something. Say a young man is looking for marriage – now he has one image of a would-be wife in his mind. He might be trying to find out that kind of girl. But when he actually goes for searching – adds lot many parameters – Caste / Religions /  Horoscope / Family Approval / Educated but taking care of the home and parents / good cook and things like that.

Its easy to find a girl what he imagines but when he adds so many criteria, he has to settle for a girl who is average in all the areas.

In my 30 years journey as an investment consultant – I have observed that people who talk about long-term investments go for tension when the prices drop by 5-10%. They will try to jump from the terrace – if the prices go down by 50%. They talk about the long term but what they really want is FAST GROWTH and FASTER THAN HIS NEIGHBOUR or Fellow investors.

They do another funny thing – they compare their return with Market or any other asset classes. This is a sure-shot way to become unhappy. Because no two things are equal in any respect. They are unique.

If one goes into their heart with very honest intentions – I am sure many will find that they really don’t know what they want?

Find out the price: -

If you are not very clear about the first step – you will find the prices too high or not worth it.

During Corona times – people have paid Rs.4000 to Rs.70000 for an injection which was costing some Rs.900 only. Now, during this time – you were knowing what you want? You wanted a speedy recovery of your near and dear – you were 100% clear with your objective. So, price the price didn’t bother you. You went ahead and bought it for Rs.70000 also.

When a person comes to the investing – he has to pay the price. The price is not the share price that you pay. Any investor pays the price in terms of Volatility and Risk.

When you invest you have to pay the price in terms of VOLATILITY and RISK. Just to share an example from BUFFETT diary – a company called MOSTER BEVERAGES rose 211000% from 1995 to 2016 netting him a gain of USD 90 Bln for him. But in these 20 years – the stock fell by 50% or more at least 5 times!! Buffett paid an enormous mental price to deal with the uncertainty and volatility and that’s why he could make the money. He was reading SEC filing for 12 hours a day sacrificing family life and other social life.

Buffett has learned the investment like anything and he is a master in the game but he also has to pay the additional price in terms of mental pressure for volatility and uncertainty.

Resolve to pay the price: -

Those who are not clear with what they want in the first place – will find it difficult to pay the price in terms of Volatility and Risk in the stock market.

This rule is applicable in all areas. Many people are fast to open google and compare the prices across the World. But the question is not about cheaper or costly prices. The question is about whether you want that product/service or not in the first place.

Tons of hours are wasted talking about the prices / comparing the prices and things like that before deciding whether we want that thing or services or not.

I have found that – when you really want something – price is immaterial. People will take loans to pay for the products or services they want to enjoy or they badly need. In the times of CORONA – many people would have taken loans to pay for the treatment, in case they had not taken the proper Mediclaim.

Enjoy the results: -

This is the last step. But the root cause is the intensity of your desire. How badly do you want something? If you are not serious in the first step – you will not enjoy even FREE products or services in the last step.

Habit of compromising kills the joy of having things or enjoying things.

What is my personal observation for success?

I have invested tons of money in coaching for success or reading books on success or biographies of successful people. The only thing I can tell you very honestly is – If you really want something and you are ready to pay the price – you don’t need any formula.

The main problem comes when we want to gain without pain. To the extent you avoid pain from your life – your pleasure from the gain or things also gets removed.

Life is very simple but we have made it complicated by adding too many parameters for making it happy.

What about people who put their 100% and they did not get the pleasure?

This is a question of OWL and not Vishnu (read our last post).

Let me give you good news – there is no GUARANTEE that since you have taken tremendous pain – you have given all – you will make a profit or enjoy the pleasure. But if you have taken pain or efforts – on your death bed – you will have no regrets that you have not done enough from your side. The major pain on the death bed is – I should have done or taken effort.

Suppose you give your 100%, nature will replace it with another 100%. But if you have given less than 100% - you are not creating a space for the next 100%.

In Bible it is said – those who give will be given more and those who keep it – will remain poor. In Gita – it is said – your right is only in putting your efforts. So, use your rights – your energy towards whatever you really want.

If you are investor - be ready to pay the mental price in terms of Volatility and Risk apart from the share prices. 

Have a Great Success.

Follow me on Twitter @hiteshmparikh Or on Whatsapp - +91-9869425399.

 

Live With Passion…Invest With Passion. 

 

Hitesh Parikh.