The Most Powerful Mindset for Success

  1.  Have a growth mindsetA mindset expert, Carol Dweck explains that “a fixed mindset is when people believe their basic qualities, intelligence, talents and abilities are just fixed traits. They have a certain amount and that’s that.” With a growth mindset, the opposite is true where people believe their skills and talents can be developed over time through experience or mentorship.
    “They’re not always worried about how smart they are, how they’ll look or what a mistake will mean. They challenge themselves to grow,” Dweck explained.
    When a person has a fixed mindset, they put a ceiling on their potential and at that point, they are already giving up. As someone who wasn’t born with a naturally mathematical mind, a person with a fixed mindset would give up on a career in maths or science even if it were their dream.
    Dr. Barbara Oakley was a linguist and struggled with maths and science in school. Later in her life after working on Soviet trawlers in the Bearing Sea, she decided to shrug off her struggles in school and went back to university to study engineering after taking a remedial algebra course at age 26. She is now a professor of engineering at Oakland University and her online courses are one of the most popular in the world. 
  2. Set goals and write them down
    People who vividly write down their goals are 1.2 to 1.4 times more likely to successfully accomplish them. In study of Harvard MBA Program graduates, only 3% of students had clear written down goals. However 10 years later, these students had earned 10 times more than 97% of other graduates.
    But why is this?
    Studies show that you remember things better when you write it down and makes your mind more efficient by only focussing on the important information. Additionally, writing down forces you to articulate and clarify your goals and neuropsychologists found that people have better recall for information that they’ve created themselves compared to something written by someone else, called ‘the generation effect.’ When you create a goal, you want to keep recalling, keep focussing on it so you don’t lose sight of it. 
  3. Don’t be afraid of failure
    Failure is the key to innovation and success.
    In 2011, Google announced the discontinuation of seven of its projects such as Google Wave. The Google CEO was asked about how they deal with failures.
    His answer was: “If Google was successful in everything they do, it would mean that the company is not taking any risks and not innovating anything.
    The acknowledgement of failure as an integral part to success is a concrete consensus amongst the most successful people today, from Jeff Bezos to Steve Jobs. One cannot exist without the other.

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