[Neurons] 2016 Neurons #27 Resilience and Wealth Creation

Sun Jun 5 22:40:34 EDT 2016

From: L. Michael Hall

2016 "Neurons" Meta Reflections - #27

June 6, 2016

Resilience Series #10

RESILIENCE AND WEALTH CREATION

A couple weeks ago I ran the Inside-Out Wealth training in Rio de Janeiro,
Brazil and in reviewing some of the articles I have written over the years I
came across one that shouted out about resilience.  The word "resilience"
was not in the article, but the idea was everywhere.  So I have taken that
article, updated it to make it specifically related to this series on
resilience.

There's an untold variable that plays a key role in creating wealth that
most people are not aware of.  In fact, the common myths about how to create
wealth obliterate this variable completely.  That's why very few people even
know about it.  Then, to make matters worse, it is not a variable that can
be very easily expressed.  I wish I knew how to describe it succinctly and
in a compelling way.   I do not know how to do that-yet.  I will do the best
I can.  You be the judge of how well the idea gets across to you.  Here it
is in a single paragraph:

A key secret of wealth creation is for you to use the power of compensation
when you are knocked down or suffer a defeat so that you develop a stubborn
resolve of commitment, one that has so much steel in it that it, as it were,
immunizes you to failure.  You become undefeatable against the odds because
you persist.  Your steel-like resolve gives you a powerful will-to-win so
you persist and out-perform against all odds.

Whew! That was a mouthful.  Did you get the point?  The point is about
turning a failure into a resource.  The point is letting an upset become a
crucible so that you compensate for it, even over-compensate, and come out
of that crucible with a resolve of steel!  Now the crucible is the tough
part- the set-back.  It answers the question, "What calls forth this kind of
resolve of steel and makes the difference?"  The catalyst for a steel
resolve in most people is typically one of the things that we fear most-a
humiliation, defeat, adversity, conflict, etc.  It is usually something
unpleasant, distressful, challenging, disappointing, even painful.

Interesting enough, I'm not the first to write about this.  Researcher of
the rich, Stanley Thomas wrote extensively about it in The Millionaire Mind.
In that book he exposed several myths of wealth creation among them is this:
Those who became the first-generation self-made millionaires were not the
whiz kids at school, not those voted "most likely to succeed," not those
with the highest grades or IQ tests.  Only 2% of those with the Millionaire
Mind scored high scholastically.  The majority were "C" grade students and "
...they are more likely to have one or more components of inferiority in
their self-image." (p. 88).  Inferiority!   He found them self-depreciating.
Now for the set-backs or the knock-downs:

" ... during their formative years, some authority figure such as a teacher,
parent, guidance counselor, employer, or aptitude testing organization told
them, You are not intellectually gifted.  ...  They were degraded by someone
or something during their formative years  ...  [They] responded by
over-working and eventually out-performing the so-called intellectually
gifted." (p. 88, 89) 

To being insulted and degraded they refused to take it personal, or
pervasive, or permanent.  They took it as a challenge and they set out to
prove the teacher wrong.  Now that's the resilient spirit!

"In the real world, who succeeds?  People who have built up immunity to
pain." (p. 93).  "Questioning the norm, the status quo, and authority are
hall-marks of the thinking of self-made millionaires and those destined to
become affluent." (p. 92)

Stanley describes them as compensating which means that they worked harder.
They developed a strong work ethic (99) when they faced obstacles or
handicaps, they compensated for deficiencies.

" ...  most self-made millionaires were confronted with one or more
significant obstacles in their life.  ...  Our self-made millionaires chose
another path [than accepting the negative evaluations by some authority
figure], they discredit the authority figure who attempt to degrade them.
... They had the insight, courage, and audacity to challenge the
assessments." (p. 101)

If you underline the words "insight, courage, and audacity to challenge" you
are identifying essential ingredients in resilience.  They ingredients
create the kind of tenacity that enabled them to "fight and compete for
important goals" (p. 106).   So, as steel cannot be hardened unless it's
hammered, 

" ...  it's no different with people.  Self-made millionaires report that
degrading evaluations and comments by certain authority figures played a
role in their ultimate success in life.  Hammering built the antibodies they
needed to deflect criticisms, and temper their resolve." (p. 102).
"Adversity is essential in bringing out the best in people.  Some call it
character."  (p. 108)

Have you ever heard that a steel resolve from a serious knock-down is the
secret ingredient of success?  If you have heard it, you probably don't hear
it very often.  Yet establishing a steel resolve to fight for your goals,
what's important to you, and not expecting it as an entitlement because you
are smart or from money-this doesn't usually hit the evening news.  The key
is the stubbornness to compensate, to learn to play the game with whatever
handicaps you start with, and to nurture your courage so that you fight
against all odds.  The key lies in the very process of overcoming problems,
labels, the odds, humiliations, and challenges that strengthens a person
from the inside out.  It is like adding titanium to steel-that very process
makes steel many times strong than it is alone.

"Life is not one short race-it is a marathon of marathons.  Labels come and
go.  If you believe that you can succeed in life in spite of degrading
labels that predict your failure, you are likely to win most of the
marathon.  This is the common experience among millionaires.  The large
majority report that at some point or points in their lives they were
labeled inferior, average, or mediocre, but they did not allow critics to
forecast their future achievements, and they overcome their label of
so-called inferiority." (p. 98)

Have you ever had a process that was like the forging and hammering of
steel?  Like adding titanium to steel to create a steel resolve about
something?  Those are the kinds of experiences that make and/or break
people.  Yet it is from such a furnace that self-discipline, courage,
commitment, and passion arise.  It puts a fire in your belly making you
ready to take on impossible challenges.  This explains why over-protection
and over-cuddling creates a softness that leaves one unprepared for life and
unwilling to devote the necessary effort.

It is the disciplined person who takes charge of his or her life and assumes
complete responsibility for your results and for succeeding.  That's
because, not given to self-indulgence and not expecting a path of roses, a
disciplined person is not easily side-tracked.

"If you lack discipline, the chances of your ever accumulating wealth are
very, very small.  ...  A person with self-discipline possesses an internal
compass, a control and navigation system.  ...  To become wealth one must be
disciplined in thought and deed, disciplined enough to search for great
economic opportunities." (p. 85)

This wealth creation secret (a steel resolve for persistence) is actually a
complex meta-state.  It is made up of numerous ingredients so you have to
use a meta-stating process to put them together, shake well, bake.   Then
you'll get a batch of this new gestalt state, a state made of a titanium
enriched steel resolve.  This will save you the need to go through a painful
experience that will trigger you to compensate.

L. Michael Hall, Ph.D.

               Neuro-Semantics Executive Director 

               Neuro-Semantics International

P.O. Box 8

Clifton, CO. 81520 USA                             

               1 970-523-7877 

                    Dr. Hall's email:
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