31 Major Causes of Failure pt 3 According to Napoleon Hill - Talking Money in the Morning LIVE! E340
Part 3 of the series we touch on causes 21-31. This study has been truly eye opening. I think the name of the game is to identify any of these traits in yourself and overcome them as soon as possible. In parts 4 and 5 we'll take a comprehensive look at some strategies for overcoming these causes of failure.
So...how did you do? Of the 31 major causes of failure how many are you struggling with. Remember it's ok to admit your faults. In fact until you admit them you'll never do the necessary work to correct or overcome them. The purpose for studying these causes is to see where we fall short and why so we can do something to change it. Also too, it's good to recognize these causes so we can look at our children to see if they are establishing habits that will lead them down the road of failure.
Today we wrapped up all 31 causes the rest of the series we'll focus on solutions for overcoming failure and avoiding the causes altogether. If you need to go back to see both the recorded show and my written commentary of the first 20 causes of failure use the links below to do so.
31 Major Causes of Failure part 1 - Causes 1-10
31 Major Causes of Failure part 2 - Causes 11-20
31 Major Causes of Failure #21-31
#21 The habit of indiscriminate spending - Most people will quickly equate money to success. In fact in a lot of ways for some it's the "only" way to measure success. How many people look at how a person handles their money as a cause of failure? Money problems cause stress and stress causes disease and poor spending habits is a major cause of poverty especially here in America. Being disciplined with money, in particular how we spend our money can keep us out of the way of failure.
#22 Lack of enthusiasm - Have you ever heard the saying, "Success loves speed?" Well success loves positive energy too. Enthusiasm has the power to transform a person, situation, a room. Ever been in a room and that one person, that ball of energy walk in and the entire mood of the room changes. Imagine harnessing this power to transform your business, your finances, your marital relationship, your social group. If you want to be successful, you have to be "Fired Up!"
# 23 Intolerance - The person with a closed mind has volunteered to stop growing. There are only two states of being, you're either growing or you're dying. To be intolerant is to begin the process of dying. Most people keep a closed mind for fear of having their opinion swayed. If you're so week in your position that you can't hear another's argument, you may need to rethink your convictions. Rigid thinking literally puts you on the express lane to failure.
# 24 Intemperance or over indulgence - Napoleon Hill lists in "Think & Grow Rich" the 3 most dangerous as sex, alcohol and eating. Today you'd have to add drugs, gambling, pornography and a list of other things but the bottom line is this. Too much of just about anything can be unhealthy but you can have some unhealthy habits and still have success. The aforementioned list will flat out cause almost immediate failure when you over indulge.
# 25 Inability or unwillingness to cooperate with others - At some point we'll dedicate an entire blog to this one but for now lets just say this is probably one of the biggest causes of failure of all time. No one has success on an island, it's always a collaborative effort. People with the inability and unwillingness to work with other will turn people off and cause does to close very quickly around them. In which case it's easy to find yourself on an island but in this case is one in which your forced to do things on your own. That's not a good place to be if you want long term sustainable success.
#26 Possession of power that was not earned through self effort - This is the sudden success or instant riches syndrome. When one acquires wealth, power and position through their own efforts, over time, there is a certain character development that takes place. Give someone the same measure of wealth, power or position who has not earned it and that in 99% of cases is a sure recipe for failure.
#27 Intentional dishonesty - This one goes without saying. You may get by with it a time or too but eventually the law of reciprocity will catch up with you. Quite easy to see what this results in failure.
#28 Egotism and vanity - If you want to run people away from you this is a sure fire way to do it. That is why it leads to failure, no one wants to work with vain people with ego problems.
#29 Guessing instead of thinking - Critical thinking is a skill that has been long absent from the lion's share of society. We are taught in schools to memorize facts instead of think, then outside of school 90% of our opinions are given to us by the media and entertainment outlets. Guessing though and making decision without even the slightest attempt to fact check and come to your own conclusion can definitely lead to disaster.
#30 Lack of capital and creativity - Lack of capital is definitely an issue when it comes to business but a lack of creativity can cause utter failure in almost every other area in your life. Success is not built in a day and it's never easy. A creative mind though can make it easier as there will be times when you run into obstacles. Often time the difference between overcoming a challenge is one's own level of creativity.
H Cortez aka Financial Health Mentor to the Working Class
Dave Ramsay Course