Today’s lesson learned from Jay Morrison of the Tulsa Real Estate Fund is based on episode 6 of his “Jay Walk” YouTube lecture series. This episode was called “The Art of Repetition” and can be seen here.
Jay gives one of the best pieces of advice for anyone looking for success no matter what it is or how they define it.
So many of us are frustrated that we haven’t gotten things or accomplished goals as fast as we would like. Sometimes we humans just have a microwave mentality and expect instant results. Too bad life doesn’t always work that way.
Jay talks about how repetition is key to getting what we want out of life.
He talks about how not getting what you want in the timeframe you’d like may be because you’re fearful. Or it could likely be that you’re not that talented yet.
That’s where repetition comes in.
You’ve got to BUILD that muscle
Skills are what will propel you in this life. You may need to get more skills to get to where you want to go. Getting skills is like getting muscles. You don’t really GET them, you BUILD them.
Muscles aren’t built overnight. You can’t go to a gym and pick up a dumbbell once, put it down and walk out the front door looking like a young Arnold Schwarzenegger.
Whether you’re beefy, brawny or scrawny you have to start with the foundation you have and build on it. It’s like the big, muscle-bound guy in the old Planet Fitness commercial said, you have to:
Pick things up and put them down… pick things up and put them down…
Over and over and over again.
Eventually you get stronger and you get bigger. Stronger than you were before, bigger than your problems.
But it takes time. You have to put the reps in.
That’s the only way to truly hone your craft. That’s the way to get better, through focused, deliberate practice.
That’s what author Malcom Gladwell was talking about in his popular book “Outliers: The Story of Success” (affiliate link) that introduced the concept of the “10,000 hour rule”.
It’s like Grant Cardone says:
Quantity before quality. You’ve got to get frequent before you can get good.
The more times you do something the faster you get because you adapt. You get smarter because you’ve seen plenty of different scenarios and can make faster decisions on how to deal with a situation that pops up. Your vision becomes clearer because you can see problems before they even happen and eliminate them.
You develop what they call “muscle memory” by taking repeated action and develop your intuition.
The compound effect takes time
Taking small, consistent actions will result in a big payoff down the road. Compound interest on your money doesn’t produce much of a return at first but it works if you keep adding to the principal consistently. If you pay attention to any explanation of what compound interest is then you’ll see that time makes a major difference. The examples always show that the one that had compound interest working for them the longest gets the biggest return.
(This is why you see the majority of the wealthiest people in the world are over fifty years old. It takes time to build wealth.)
Taking action compounds just like money deposits do. Hit a tree with an axe enough times it’s bound to come down. Actions build up just like bank accounts.
Even a bank account that earns zero interest will grow if you keep making steady deposits. If you don’t have a large income and don’t think you can ever save money then you should try using the 1% rule.
I surprised myself at how much I saved when I started doing it myself. I’ve saved more before but only through one-time events like bonuses and tax refunds where I got lump sums of cash. Small deposits add up to a nice stash eventually.
Boring but true
Being consistent, doing the same things, the right things, repeatedly is the best way to get results. Not everything will come quickly. Most of the time rewards don’t come in a spectacular fashion.
There will be no fireworks.
Save yourself the disappointment of having wildly unrealistic expectations. They say people overestimate what they can do in one but underestimate what they can do in five.
Put your head down, get to work and keep at it constantly. You have to expect things to take time so you can persevere when things get rough.
Do the work. Keep doing the work. Keep taking steps forward and keep making progress no matter how small.
Keep at it and you’ll get where you need to go.
Let us know in the comments one thing that you stuck to for a long time that eventually paid off for you.