Consider space travel and the moon landing. Then multiply that by 10! There you go! Now you have a much more realistic number. Make a plan of the amount of action you need to complete in order to finish your project with the margin of safety. These are just a few potentially unexpected events. The economy fluctuates, legal matters appear, competition makes your product inferior, you run out of cash, the whole industry becomes disrupted, technology changes, people problems …more people problems, elections, wars, strikes and so on. And if this would turn out to be false – that there were no major setbacks or black or grey swans, lucky you! Regardless of how superior your product, service, or proposition is, there is always uncertainty – things for which you can’t plan. If you instead anticipate that the amount of work required would be of the 10x character, some setbacks are to be expected, and those walls that you hit will no longer be made out of concrete. This causes you to incorrectly identify the problem as a wall that you can’t smash through, and sooner or later, you assume that the target is unattainable and ultimately throw in the towel. When the miscalculation of the effort required becomes obvious (and it will) and you hit a wall, one becomes visibly disappointed and discouraged. The amount of time, energy, money and effort required to bring a project to success is oftentimes underestimated. Takeaway number 2: 10x action is required again. Set targets so high that even if you would come up short you are still perceived as, and will be, a winner. This holds true in business, personal life or whatever. And if the goal turned out to be out of reach, atleast the athlete ended up in third place and succeeded to out-compete 99.99% of all the other competitors. The point is that the person’s actions are then aligned with their 10x goal. Now, this might not always be realistic for everyone, but that’s not the point either. The athletes set out to become number one – nothing else. This is a trick that is being adopted within sports, and more specifically, mental trainers use it regularly with their elite athletes.
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No matter what I end up achieving if I miss my target, which goal would I rather come up short on? You want a big margin of safety in order to bootstrap your success. So I set the goal to be the reasonable amount of $500,000, which would enable a decent level of living with a good home, good food, a nice vacation every once in a while, and some of those lovely Thai massages once or twice a month! But now, pretend that I would instead have set the targets at five million dollars. Let’s say my goal is to make a buttload of money. This is the reason why goals should be set MUCH higher than what you might be comfortable with.
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This is because people have a tendency to underestimate the time, energy, money and effort necessary to bring their projects to the point of success. To achieve success, to accomplish your goals, often turns out to be much harder than first anticipated. Although these scenarios cover different areas of your life, they all have one thing in common: The person who desires them is not there yet. Maybe you need to find a job, lose 40 pounds, or find the right partner. Takeaway number 1 in the 10X Rule: 10x goals bootstrap your success.
#The 10x rule full#
There are a bunch of practical takeaways that can help you wake up from your slumber, and make you reach your full potential.
#The 10x rule how to#
The overall main points that Grant Cardone makes regarding how to reach extreme amounts of success and it can be divided into two parts -extreme 10x GOALS, and extreme 10x ACTION. The 10x Rule is about pure domination mentality, and how to be the alpha of the industry. In this blog, I will present the main five takeaways from The 10x Rule, written by Grant Cardone. The Summary of the 10X Rule BY Grant Cardone