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Give me 12 minutes, you'll get ahead of 97% of people

By Vincent Chan

Summary

## Key takeaways - **Master the boring basics for extraordinary results**: True success is found in mastering the fundamentals, even when they are boring and unglamorous. Kobe Bryant's dedication to practicing basic footwork with 110% effort demonstrates that consistent focus on the basics, done for an extraordinary period, is key to achieving greatness. [00:40], [01:03] - **Use discomfort as fuel for change**: People only change when the pain of staying the same outweighs the pain of change. The author's experience of feeling suffocated in a high-paying Wall Street job, despite parental pride, illustrates how the fear of future regret can be a powerful motivator to pursue a more fulfilling path, even through initial hardship. [02:15], [03:46] - **Your expectations shape your reality (Pygmalion Effect)**: People perform to the level of expectations they hold. A founder's story highlights how shifting from believing success was only possible in big cities to seeking proof of success in her smaller hometown, after meeting someone from a similar background, led to her jewelry business crossing $1 million in sales. [04:34], [05:17] - **Outsource tasks below your hourly rate**: To get ahead, don't waste your most valuable resource, time, on tasks that can be outsourced for less than your calculated hourly rate. By calculating your worth (e.g., $50/hour for a $100k salary) and using AI or hiring help for tasks costing less, you free up time for more impactful activities. [07:15], [08:04] - **Shift from low to high accountability roles**: Entry-level jobs are often low-accountability positions where you are easily replaceable. High-accountability roles, however, involve providing unique, impactful value that others cannot easily replicate, leading to greater employer value and higher compensation. [09:21], [10:05] - **Develop T-shaped skills for career growth**: Combine deep expertise in one area (the vertical bar of the T) with a broad range of complementary skills across multiple domains (the horizontal bar). This 'T-shaped' skill set makes you more unique and valuable, driving career advancement and higher pay, as seen with marketing managers who also know SQL earning significantly more. [10:57], [10:45]

Topics Covered

  • Why 95% of success happens in the shadows.
  • Use the pain of regret to fuel your progress.
  • Your beliefs dictate your ultimate success or failure.
  • Calculate your hourly worth to outsource low-value tasks.
  • Escape low accountability with T-shaped skills.

Full Transcript

so I went from working in a supermarket

to having seven figures in my 20s and I

realized it's actually pretty simple to

get ahead of most people in the next 7

months it's not about being smart

talented or born rich all it takes is

being hyper aware in implementing these

five rules starting with the 955 rule so

most of what we think success looks like

is the social media version of it right

it's the seeing the fancy trips the

luxurious events or the all the pizaz

but the truth is the success that you

want is found into things that you've

been avoiding and a great example of

this is with Kobe Bryant so one day at

the Olympic Village Kobe he had a

scheduled workout with his Gym trainer

later on the day but he showed up at the

gym at 4:00 a.m. to do an intense

warm-up before the actual training

meaning for the next 45 minutes Kobi

practiced the most basic footwork the

most basic drills with 110% effort and

later on when someone approached him and

asked him hey you're the best player in

the world why are you doing such basic

drills and Kobe replied why do you think

I'm the best player in the world because

I never get bored with the basics you

see the point is most things that are

worth having require you to be extremely

consistent for an extraordinary period

of time 95% of success happens in the

shadows and the 5% that you see is in

the spotlight if you want to be able to

get ahead or change your life the key is

to identify the basics and do them for a

long period of time but just because

they're considered Basics doesn't mean

that it's easy the basics are hard

because they are usually boring and not

fun but at the same time that doesn't

make them any less important so if

you're a writer commit to writing every

single day you'll write faster and

you'll be better if you're in sales

commit to calling 50 people a day even

if you fac 49 rejections you still made

one extra sale and don't over complicate

any of this right I I can't even begin

to tell you the amount of times that I

created the most elaborate most complex

action plan that I thought was going to

improve everything by 102 X only to

never actually end up looking at it

after a month the more complicated your

plan is the harder it is for you to

stick with the next rule is to use your

discomfort as motivation and this is

something that I learned from Tony

Robbins and it's that people do not

change until they realize that the pain

of staying the same is greater than the

pain of change for example right after

college I landed what seemed what I

thought was the perfect opportunity I

had a cushy job on Wall Street with

great benefits and a great salary and my

parents were super proud and I felt like

I was doing everything right but then 6

months in around 6 months in I found

myself walking in a circle outside of my

office building trying to delay the

moment that I actually had to walk into

work and the breaking point came when I

had a oneone with my manager and he was

mapping out my growth trajectory for the

next 5 years what I was going to achieve

blah blah blah and while he was smiling

the entire time I felt like I was just

suffocating after that I decided to map

out my plan to qu quit in St my own

business and on the day that actually

put in my two-e notice my boss offered

me about a 30% raise to stay and I just

politely said no and within the first

seven months right of starting my own

business those were some of the hardest

months of my life right I barely got any

sleep I made silly mistakes that cost me

a lot of money but even then I kept on

going because even on my worst days

right the fear of failing at my startup

or my business was nowhere near as heavy

as the fear of looking back at 40 years

and wondering what if the point is if

you think the price of success is too

high wait till later on when you get the

bill for regret in my case I could have

stayed at my kushy job right it was

comfortable but I didn't want to be on

my deathbed when I'm 93 and a half

looking back at my life and have this

regret that I wish I did something

different instead I want to be able to

look back at my life and be proud of

what I created so if you want to get

ahead in life and avoid a life of regret

I want you to think about where you'll a

year from now if you just kept on

putting what you need to do off you'll

be in the same exact spot with the same

amount of money the same daily routine

making the same excuses While others

other people are making progress to

where they want to be and if that makes

you feel uncomfortable that's a good

thing I want you to use that discomfort

as fuel because the reality is time will

pass either way but the question is

where will you be when it does next is

you need to be hyper aware of the pig

million effect which in simple terms

basically says people perform up to

their expectations like I have a Founder

friend who told me the reason that she

didn't start her business until she was

48 was because she came from a tiny

Minnesota town of like 2 3,000 people

and I still remember she would spend

years right looking at successful people

from big cities telling herself that

that could never be me here and making

excuses about how you needed to be in

New York or in California in order to

make it but then at a networking event I

think she was in in Chicago right she

met someone who built a seven figure

software business who came from an even

smaller town than hers and that's when

she realized that she's the one who's

been holding herself back the moment she

stopped looking for proof that she

couldn't succeed in Minnesota and

started looking for proof that she could

everything changed I think it was just

in 2024 or 2023 her jewelry business

just crossed $1 million in sales the

point is whether you think you can or

can't you're right our brains are really

good at finding information that fits

our narratives and beliefs that we tell

ourselves and really good at ignoring

information that goes against it for

example if you are convinced that

someone is out to get you right you're

going to act differently around them

instead of being open and warm and kind

you might be cold and maybe even a

little bit hostile and do you think that

when that person experiences that

treatment from you are they more likely

to be friendly or equally as cold you

see your initial belief about that

person whether it was true or not

created this tense and and cold

relationship that you were hoping to

avoid which then proves your original

suspicion and this is called

confirmation bias and this applies to

everything every aspect of life how you

think about the world how you think

about wealth and more importantly how

you think about yourself so if you

believe that the world is full of

opportunity and potential for success

your brain will work just as hard to

prove that right so start using your

thoughts to focus on things that move

you forward instead of things that are

that hold you back next is the one two

rule or one in and two out like for

example when I started taking personal

finance seriously right for some reason

I was very very stubborn right I I tried

to save as much as I could and I thought

that as long as I did everything myself

that was the smartest way to save money

like I I'd sit for days watching

tutorials on how to build a website or

design a logo or or even file my own

taxes because I had convinced myself

that the time I spent was worth it

because I was saving money but then one

day while being annoyed at how ugly my

website or my logo looked I don't

remember which one that I spent weeks

designing I had an epiphany right I was

saving money at the expense at the cost

of my most valuable resource time in the

book The Almanac the author says that

everyone should set an hourly rate

meaning you should calculate what an

hour of your time is actually worth and

refuse to do task that can be outsourced

for less than your hourly rate now

traditionally Outsourcing meant hiring

someone or hiring people but today you

can use AI for example instead of hiring

an assistant to go through my inbox and

respond to emails I can use chbt to

write my emails for me the point is

getting ahead in life isn't always about

working harder right sometimes it's

about working on the right things so

instead of wasting your time on tasks

that aren't worth it start spending it

on things that can actually move the

needle so how do you do this right first

is you need to calculate your hourly

rate let's say you earn about $100,000 a

year right you want to divide that by

the number of hours you approximately

working a year let's just say 2,000

which is roughly about 40 hours a week

meaning your hourly rate is $50 then you

want to evaluate all the tests that you

spend time on for example if you spend 5

hours making PowerPoint slides that is

going to cost you

$250 now ask yourself Can you hire

someone or use AI to do this thing for

less than that amount if yes then

Outsource it or use Ai and instead

reinvest those 5 hours that you were

going to spend anyway and instead spend

it on more valuable activities like

developing your business strategy or

working on more impactful projects and

just an example of some AI tools that I

really like I like using Tanya for my

notes uh my task and transcribing my

meetings I like using grammarly to fix

my grammar um and then also Claude in

order to help me come up with some ideas

there are a ton of different AI tools

available for free just spend a couple

of hours researching and how you can

Implement that to replace task that you

want to Outsource the next way to get

ahead is to move from a position of low

accountability to high accountability

and back when I worked on Wall Street I

remember chatting with some like temp

intern people right who were doing basic

data entry work and I learned that most

of the most of the guys there absolutely

hated their job right they vented about

how they barely got paid and how their

job was Mindless and at the time I

didn't really think much about it um

because everyone vents about their job

but in retrospect I realized that they

were right the unfortunate reality is is

you'll never get ahead or be super

successful or super wealthy by doing

data entry or any of those entry-level

jobs because most entry-level jobs are

low accountability positions it's task

that most people can do and that's why

it's entry-level so while your employer

might value your work the stakes are

pretty low they don't need you need you

meaning if you're not available to work

they can easily find someone else to do

the job on the other hand a high

accountability position is when you are

able to provide something that will have

an actual impact on the person who is

relying on you and that impact right it

has to be something that that person

cannot do themselves and something that

other very few people can do the point

is employers value people who can solve

complex problems which often requires

you to have a a broad set of skills and

a a study found that hybrid roles

meaning those that required skills from

different domains multiple domains are

expected to grow more than twice the

rate of the General job market and these

hybrid roles pay more too uh for example

right marketing managers who know SQL

earn 41% more than marketing managers

who don't so if you want to move from

low accountability to high

accountability it starts with applying

the t-shaped skills model and it's

actually pretty easy to understand so

just imagine the letter T right the

vertical bar of the T represents your

entry level skills it's the thing that

you started with and you are really good

at like for example data entry if you

just have this vertical bar then you're

at a dead end there's not that much room

to grow you're just in an Excel file all

day and that's where the horizontal bar

comes in and which represents your

knowledge your skills across multiple

areas or domains it's things that you

can do to make the data entry skills

more valuable maybe you want to take a

tab course and you learn how to

visualize the data in a way to tell

compelling stories or you take a digital

marketing course and now you collect

data but you also can analyze it to

drive marketing strategies just like in

Tekken or Street Fighter right the

broader your skills are the more unique

combos you can do to your opponents and

the more likely you are to win which

leads me to something that you've got to

start accepting it's that even though

you might be trying your hardest to get

ahead and do better sometimes it might

feel like you're not doing enough and

and that might be because you think

everyone is doing better than you but

that's wrong click here to find out why

you're not actually behind and why you

think everyone has more money than you

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