"Most people overestimate how much they can get done in a day, but dramatically underestimate how much they can get done in a year."
What I'm covering tonight:
- Anything is possible over long term.
- Long term vs. short term thinking and why short term thinking is killing your future success.
- How to actually achieve long term success and make meaningful progress.
- Mental frameworks to keep you focused on the long term.
Anything is possible long term.
What is long term:
- About 5 - 15 years.
- Anything shorter is easily achievable, anything longer misses out on opportunities that arise.
I believe just about anything anything can be achieved long term.
What is your ultimate goal in life? To have a successful business? To have an awesome family? To never have to worry about money again? It's all possible in the long term.
In business:
- Amazon went from $0 in 1994 to $6.4 Billion in revenue in 2004.
- Just over 10 years since the iPhone was invented. Apple was valued at $153 Billion back then, and is valued at over $2 Trillion now.
- Facebook reached 1 Billion active users 10 years after founding the website.
Not everything is Amazon, Apple, and Facebook, or even close to a tech company. That's towards the upper limit of what can happen in that timeframe (in terms of business success).
We don't need billions, fortunately.
Smaller examples:
- James Clear: published every day for 4 years. Built an email newsletter of 500,000. Wrote a book in 2 years, sold 3 million copies in a few years.
- Took 6 years to go from $0 to selling millions of books.
- My timeline: I learned to code just 10 years ago. 5 years ago I started learning web development & other skills daily. Three years ago I started Closet Tools, and now it generates $500k yearly for me and my family.
- Took 5 years to go from a job to earning $500k in three years.
Everyone here could be a millionaire in 10 years.