The #1 Predictor of Success
Summary
- The zip code you're born in is the number one predictor of long-term success. It controls for IQ, ethnicity, and gender.
- Surroundings can shape behavior. Rich environments foster different behaviors than poor ones.
- Middle-class parents might praise a car salesman who earns $300,000 to $400,000 a year.
- Ultra-rich sell companies and can earn millions from a single sale. For example, selling a $200 million company could net $8 million.
- Both types of people have the same hours per day, but rich people get more value for their time.
- Wealthy individuals pass down the skill of knowing which opportunities to reject.
- Rich parents teach their kids to avoid lower and middle-class opportunities, focusing on higher-value prospects.
Video
How To Take Action
I would suggest implementing a few key strategies to foster personal and business growth, taking lessons from successful people.
First, change your environment if possible. Your surroundings shape your behavior. If you can't move to a wealthier area, immerse yourself in those communities virtually. Follow successful entrepreneurs on social media, read their blogs, or join online business forums.
Next, focus on high-value activities. Instead of spending time on tasks that yield small returns, look for opportunities that can scale. For a car salesman, this could mean learning about real estate or software sales, where a single deal can translate into significant earnings.
Additionally, learn to say no to low-value opportunities. Successful people pass on certain prospects because they focus on higher returns. Assess the long-term value of each opportunity you encounter. If it doesn’t bring you closer to your big goals, pass on it.
Also, prioritize networking with high achievers. Connect with people who are where you want to be. Attend industry events, join networking groups, or even just reach out to successful people online. The relationships you build can open doors to better opportunities.
Finally, educate yourself continuously. Invest time in learning new skills and concepts that align with high-value opportunities. Free resources like podcasts, online courses, and books can be incredibly valuable.
By making these small yet impactful changes, you'll start seeing a significant difference in your personal growth and business success.
Full Transcript
the number predictor of success longterm is the zip code you're born in it controls for IQ it controls for ethnicity controls for gender that means that conditions can create our Behavior or shape our Behavior so then what Behavior changes happen in a rich environment versus a poor environment a middle class parent might say hey you're a Salesman and you sell cars and the top top top car SM salesman might make you know 300 to 400,000 a year the upper class salesman so the ultra Rich whatever you want to call it sells companies and guess what he makes 4% on the deal and so if he sells a $200 million company he makes 8 million bucks for one sale every one of these people has the same number of hours per day which just means they get more for their time what poor people or middleclass people miss that rich people or Rich Kids Rich parents pass to their kids is which opportunities to say no to they don't even consider the quote lower class or middle class opportunity