Are You This Kind of Cheapskate?

Last Friday I revealed one thing all successful guys have in common – a coach or mentor. Today I want to talk about another key to their winning mindset.

Dr. Napoleon Hill, author of one of the biggest bestellers of all times Think & Grow Rich, spent over 25 years analyzing several thousand men of whom 98% were classed as “failures”. According to Hill, one of the 30 major reasons why these guys failed was INSUFFICIENT EDUCATION – quote…

Successful men, in all callings, never stop acquiring specialized knowledge related to their major purpose, business, or profession. Those who are not successful usually make the mistake of believing that the knowledge acquiring period ends when one finishes school. The truth is that schooling does but little more than to put one in the way of learning how to acquire practical knowledge. Experience has proven that the best-educated people are often those who are known as “self-made,” or self-educated. It takes more than a college degree to make one a person of education. The person who stops studying merely because he has finished school is forever hopelessly doomed to mediocrity, no matter what may be his calling. The way of success is the way of continuous pursuit of knowledge.

– Napoleon Hill, Think & Grow Rich.

The way of success is the way of continuous pursuit of knowledge. Hill actually advised in his other lesser known book, The Law of Success, to invest 10% of your income each month on education. But he also observed that most men invest exactly 0% of their monthly earnings on things like books.

Like most guys, I never read a book again once I got out of school. And like Bill Gates and Steve Jobs I never finished my studies, I quit in my 2nd year. Yet over the past years I have and keep reading about 100 books/year. Add 21h/week of audiomaterial, the DVDs I watch and the stuff I read online.

It keeps amazing me how some guys have no problem spending $700 on a dumb phone with options they don’t need, but then act as cheapskates when it comes to buying a book that will make them accomplish their goals faster.

What these guys don’t get is that this phone, often bought for fake short-term status, will lose its value 1 year from now when its new version comes out. Not with books, dvds or coaching – those are assets. The money you spend on education never loses its value because it’s money INVESTED.

If you’re being cheap about education and coaching you’re limiting your own success. In fact, SL Member Vlad is one of my ex private coaching clients – he pulls 442lbs ate age 37. Another ex-client of mine, SL Member Ben aka Bluestreak – gained 25lbs in 25 days and is now pulling almost 400lbs. SL Member James – 515lbs Deadlift, 425lbs Squat and 235lbs Press at age 42 – I know of at least 2 products he bought during the past months. The list goes on.

When was the last time you invested in education and coaching? How does this correlate to your strength and muscle gains? And what does it say about how serious you are about achieving your goals? Think about it.