The Law of Averages: Why Your Friends Matter

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Changing Your Life With The Law of Averages

The law of averages is the idea that over time everything will eventually work its way to equilibrium. When you think about it that means everything around you is becoming more average. This concept is really important when you think about who you spend your time with. Are your friends and family struggling to get by or are they successful? Depending on how you answered that question you should be able to reflect on what they’re doing and see how things are most likely going to be for you.

It’s important to understand that just because your friends and family act a certain doesn’t mean you have to do the same thing. It only takes one person to change your life. One person make a positive impact on you that pushes you in the right direction. Look at the people you spend your time with and ask yourself “Do I want to be like these people?” if the answer is “Yes” then you’re doing something right. If you answered “No” then it’s time we look at how the people around you impact your life.

How People Influence You

There are many ways that the people around you influence your life. Peer pressure is a really difficult thing to work around. If your friends and family are making certain choices it’s more likely that you will too. It’s hard to go against what the social norms are when it comes to your group. You can become an outcast and we are programmed to avoid becoming an outcast. What you need to remember is the choices you make can only truly affect you. Don’t let the choices of other influence you into doing something that doesn’t improve your life.

The more time you spend with successful people the more you will realize that success comes from the choices you make. If your friends are saving 10% of their income it is more likely that you will too. Start small and find one person that is a good influence on your life. Find someone that has the same goals, aspirations, and dreams as you. This person should be more experienced than you and can help you out. It only takes one person to change your life. Remember that your net worth will be based on your network.

Law of Averages

The law of averages is an important thing to understand. In the most basic form it states that over time things will become more similar. Earlier I mentioned that it means we reach an equilibrium. Both of these ideas are true. The law of averages can really make a difference in your life because you become like your friends. If your friends are successful you will be successful. If you friends watch every new movie you are more likely to watch every new movie.

Life likes to balance itself out. That means if you want to balance out higher or become above average you are going to need to do above average things. One of those above average things you can do is create a network of successful people to spend time with. If you surround yourself with success you will eventually become successful. This happens through a process of mimicry. Find the people that have successful habits and follow in their footsteps. Some of the habits will be difficult but others will happen naturally without you know. Remember it’s easier to change things one step at a time. Don’t go big and give up. Start small and pyramid your success into bigger success.

Help Others Achieve MoreTake Action

One way to help build your network is to help others. Now that you’re in the mindset of looking for successful people to help you, get out there and help others. Giving to others is one of the best ways to have others give to you. You don’t need to be the best at something to help someone learn. In reality you only need to be one step ahead of the person you’re teaching. Do what you can to help others and add value to their lives and it will not only grow your network but it will make you feel good about yourself. Feeling good about yourself is one step towards becoming more successful. You’re also building that network so you’re killing two birds with one stone!

No One Achieves Success Alone

Contrary to what most people believe success isn’t about being self made. Success is about surrounding yourself with people that can help you achieve more. The people you surround yourself with are everything. At any point in time someone you know may bring you the opportunity that changes your life. Don’t forget that you may be the person in someone else’s life that changes their whole world. Be social but know that you need to look for people that aspire to bigger things than what they have today. There is nothing wrong with big dreams!

Let’s Get Started

It’s time to get serious about your network and who you spend your time with. Here are 6 steps to improve your network so you can achieve more.

  1. Write down 3 traits of the person you want to become.
  2. Create a list with the 5 people you spend most of your time around.
  3. Write down the 3 most common traits of each person.
  4. Compare these 15 traits to the traits you want to have. If the traits don’t match decide if this person is helping you or hurting your dreams of becoming successful. If they are hurting your dreams mark them off. This doesn’t mean you have to drop all contact with them it just means that you are more knowledgeable about the situation.
  5. Now it’s time to find replacements for the people that you have marked off. This doesn’t need to happen quickly. Some great places to find successful people are Toastmasters meetings, Real Estate Investment Associations, networking events, or events related to you hobbies. It is easy to find these groups using the Meetup app.
  6. Now that you are working on growing your network, share this idea with other people that you think will benefit from meeting new people. You can never know too many people and you can never help too much.

Don’t forget that no one succeeds alone. The people around you are going to make all the difference. Find the best and eventually you will be the best!

Why You Need An Accountability Partner

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Accountability Partners as a Strategic Success Tool

Have you ever started something but didn’t finish? Or worse yet you said you were going to do something but never even got started? Don’t worry you’re not alone. When it comes to getting stuff done getting started is the hardest part and keeping it going is a close second. That’s where accountability partners and groups come in to help you succeed.

Accountability partners and groups are people that get together that have a similar common goal. One example would be a book club. They have a common goal of finishing and discussing a book (or maybe a few). These partners and groups are important to success because they keep you accountable for the things you say and do. Think about this, how hard is it going to be to tell you group of friends you didn’t’ do something? Pretty hard, especially if you know they stayed accountable for the same task. It’s kind of like peer pressure except your peers are convincing you to improve your life!

Now you may be thinking this concept sounds pretty cool but you have one big question, “How do I even find an accountability partner or group?”  The answer is there are a few different ways to get involved.

3 Ways to Find Accountability Partners or Groups 

Local Groups

Local GroupsNetworking is going to be a big part of meeting people and being part of an accountability group. You can find local groups through your hobbies or other interests. If you want to be part of Toastmasters find a local group and join. If you want to be around more people that like RC cars or planes go to a local hobby shop and ask around. There are thousands of people meeting everyday you just need to get out and find them. If you are having trouble with finding groups the next two ways of getting into a group are for you!

Create Your Own 

Creating your own group may not be the easiest way to go about this but it’s definitely the most rewarding. There are a few things that need to be done to create your own group. One is finding a place to meet. A simple solution is finding a park, a Starbucks, or someone’s house that is easily accessible.

Next you want to find a few like minded people to come together and create a group. Ideally you can find these people through your network. If you don’t have a network yet starting with an online group or a local meetup may be easier. Depending on your goals you can decide the main focus of the group (a book club reads books).

Next pick a time and date and be consistent. The third Monday or second Thursday of a month are great examples. This is something you want the entire group to agree on. At a later date you can work as a group to change the date but to start pick something that is easy to remember.

Online

OnlineThere are an abundance for online groups that can be joined. Some of these groups only meet online while others just use the internet as a way to market themselves. Depending on your personality either option will work. You can find these groups through social media like Facebook or apps like MeetUp. Check into if the groups are only online or if they meet in person before you join, it wouldn’t be fun to join a group just to find out that you don’t even live where they meet.

Now What Do We Do?

One you have a group you’re going to want something to do. There are a few options out there. You’ll notice that most groups have a structure that is consistent with each meeting. You don’t to show up to a book club and spend the entire time talking about something unrelated like sports or video games. That’s why it is important for an accountability group or partnership to have a structure.

Regular Meetings

The idea of regular meetings is going to be the easiest option for everyone involved. The group can pick a time and location for the meeting. Once this is set it should not be changed unless the group is better off changing time and locations at a future date.

The next thing the group will want to figure out is a schedule for the meeting. A good way to do that is to have a short period of time at the beginning for catching up as everyone rolls in. After everyone has arrived it’s time to get serious. Depending on your group you may want to do 10 to 20 minute time slots for everyone to talk about what they did do, didn’t do, and what they want to improve on. If your group has presentations this would be the time to do that. If these two ideas don’t sound right for your group then it’s time to discuss with them what will work best.

At the end of these meetings everyone should have had a chance to talk and make goals for the future. These goals can be as individuals or as a group. It’s up to you to decide what will work best for you.

Group Events

Group EventsGroup events are as formal or informal as you want them to be. These kind of events can be anything from team building to a guys or girls night out. This is the time when your group is creating a bond that will make you feel the need to stay accountable.

One of favorites group events for the groups I’ve been involved with were local sports games. It works out well because they are relatively cheap compared to professional games and almost everyone can have fun. If your group isn’t into sports it may be possible to find trade shows or conventions that interest the team. Remember this is about bonding with the group so find something that the group can enjoy.

Classes

Education is important for becoming successful and part of an accountability group or partner is helping everyone achieve more. One of the best ways to improve the group is through taking classes. This doesn’t have to be through a college or anything formal. If you or your group members see a seminar or class on a topic related to the group everyone has a chance to learn. Keep on the lookout for local events that are related to what you and your group want to achieve. A local personal finance seminar can push a personal finance accountability group to the next level.

Any time you take a class make sure to take notes and share it with the group. If multiple people in the group want to learn the same thing it can turn into more of a group event and it will make learning more fun. Remember this is about education and helping yourself and the group. Learning is one of the foundations of success so help your group learn!

Accountability On Your Own

Make a PlanThe groups or partners may make accountability easier but you still have to make sure you are accountable to yourself. This means that between meetings it’s important to stay on the right track. It may be hard to stay accountable when you aren’t checking in with your group or partners regularly but here are a few ways to do it.

  1. Use a daily journal to write down your daily, weekly, monthly, and long term goals.
  2. Create a “To do list” of all the most important activities. The more important the task is the higher it is on the list. Don’t skip tasks for something easier.
  3. Look at the end result you want and create a plan from end to beginning. This is your roadmap to success. Make adjustments as needed.
  4. Create a unique habit that helps you achieve your goals and stay accountable to yourself.

Everyone is different so try new things and experiment. If something works out well for you bring it to the group’s attention. It’s never a bad thing to help yourself and the group at the same time. Your group members may even start using your accountability tricks to improve themselves outside of the group.

Achieve More Through Accountability

It may not seem like it at first but accountability is a big part in becoming successful. You never know when something you are working on could change your life. It is important to surround yourself with people that also want you to succeed. Bringing those kinds of people so that everyone has a chance to achieve more. The more accountable you are for your actions the better. If you can bring people together with a common goal it makes it even easier.

Don’t forget that one of the best ways to achieve success is to create a culture of accountability around you. Share your ideas and goals with friends and family. Find new people to spend time with that want to achieve more just like you do. If you think that someone you know would benefit from learning more about accountability share these ideas with them. Help others join our community of people that believe everyone can achieve more!