• Business

    Business Ideas

    ALL
    • In-Demand Businesses
    • Businesses That Never Fail
    • Best Passive Income Ideas for Increasing Cash Flow
    • Essential Tips To Start An Online Business
    • Best Websites To Buy Or Sell An Online Business For Free
    • Everything You Need to Know About Online Selling 
    • Current Business Trends: 9 Things to Keep in Mind
    • How to Open a Coffee Shop Business: A Comprehensive Guide
    • Effective Ways to Start your Business from Scratch 
    • The Main Types And Advantages Of Online Business
    Menu
    • In-Demand Businesses
    • Businesses That Never Fail
    • Best Passive Income Ideas for Increasing Cash Flow
    • Essential Tips To Start An Online Business
    • Best Websites To Buy Or Sell An Online Business For Free
    • Everything You Need to Know About Online Selling 
    • Current Business Trends: 9 Things to Keep in Mind
    • How to Open a Coffee Shop Business: A Comprehensive Guide
    • Effective Ways to Start your Business from Scratch 
    • The Main Types And Advantages Of Online Business

    Tips For A Successful Business

    ALL
    • Creative Business Proposal Ideas for Better Sales
    • Easy Digital Marketing Strategies for Small Business
    • Easy Steps to Develop Effective Time Management Skills
    • ClickUp, Trello or Hive?
    • Best SEO Tips for Small Businesses
    • Lessons Every Business Can Learn From Coworking Spaces
    • The Best Digital Marketing Strategies for a Real Estate Business
    • Useful Tips to Make Your E-Commerce Business Successful.
    • Why Do You Need to Track Your Spending
    Menu
    • Creative Business Proposal Ideas for Better Sales
    • Easy Digital Marketing Strategies for Small Business
    • Easy Steps to Develop Effective Time Management Skills
    • ClickUp, Trello or Hive?
    • Best SEO Tips for Small Businesses
    • Lessons Every Business Can Learn From Coworking Spaces
    • The Best Digital Marketing Strategies for a Real Estate Business
    • Useful Tips to Make Your E-Commerce Business Successful.
    • Why Do You Need to Track Your Spending
  • Money

    Invest Money

    ALL
    • Best Safe Investments
    • Investing In Real Estate
    • How To Invest: Are Your Investment Right Your Age
    • Best Alternative Investments
    • Best Investments To Beat Inflation
    • How To Invest In Collectibles
    Menu
    • Best Safe Investments
    • Investing In Real Estate
    • How To Invest: Are Your Investment Right Your Age
    • Best Alternative Investments
    • Best Investments To Beat Inflation
    • How To Invest In Collectibles

    Banking

    ALL
    • Best Savings Account
    • Best High Yield Savings Account
    • Best CD Rates
    • Best Money Market Accounts
    • Best Online Checking Account
    • Best Banking Apps
    Menu
    • Best Savings Account
    • Best High Yield Savings Account
    • Best CD Rates
    • Best Money Market Accounts
    • Best Online Checking Account
    • Best Banking Apps

    Loan

    ALL
    • Best Personal Loan
    • Best Low-Interest Personal Loans
    • Best Personal Loans for Bad Credit
    • Best Personal Loans for Excellent Credit
    • Best Debt Consolidation Loans
    • Best Student Loans
    Menu
    • Best Personal Loan
    • Best Low-Interest Personal Loans
    • Best Personal Loans for Bad Credit
    • Best Personal Loans for Excellent Credit
    • Best Debt Consolidation Loans
    • Best Student Loans

    Insurance

    ALL
    • Sproutt Life Insurance Reviews
    • eHealth Insurance Reviews
    • Cheap Car Insurance Reviews
    • Embrace Pet Insurance Reviews
    • Best Rideshare Insurance Reviews
    Menu
    • Sproutt Life Insurance Reviews
    • eHealth Insurance Reviews
    • Cheap Car Insurance Reviews
    • Embrace Pet Insurance Reviews
    • Best Rideshare Insurance Reviews
  • Forex

    Featured

    ALL
    • Best Forex Trading Courses
    • Best Forex Academy
    • Best Forex Trading Coaches
    • Best Forex Mentors
    Menu
    • Best Forex Trading Courses
    • Best Forex Academy
    • Best Forex Trading Coaches
    • Best Forex Mentors

    Learn To Trade Forex With Dumb Little Man

    ALL
    • Best Forex Brokers Review
    • Best Forex Trading Software
    • How To Trade Forex
    • How to Read Forex Charts
    • Best Forex Indicators
    • Best Forex Screeners
    • Best Time To Trade Forex
    • Best Forex Trading Tools
    • AvaTrade Review
    • CedarFX Review
    • Forex.com Review
    • Interactive Brokers Review
    Menu
    • Best Forex Brokers Review
    • Best Forex Trading Software
    • How To Trade Forex
    • How to Read Forex Charts
    • Best Forex Indicators
    • Best Forex Screeners
    • Best Time To Trade Forex
    • Best Forex Trading Tools
    • AvaTrade Review
    • CedarFX Review
    • Forex.com Review
    • Interactive Brokers Review
  • Stocks & Crypto

    Stocks

    ALL
    • Best Stock Brokers
    • Best Online Brokers for Stocks Under $100
    • Best Online Brokers for ETF Investing
    • Best Brokers for Mutual Funds
    • Best Online Brokers for Bonds
    • Best Blue Chip Stocks
    • Best Swing Trade Stocks
    • Stages of a Stock Market Bubble
    • Best Stock Investing and Trading Podcasts
    • Best Defensive Stocks to Invest
    Menu
    • Best Stock Brokers
    • Best Online Brokers for Stocks Under $100
    • Best Online Brokers for ETF Investing
    • Best Brokers for Mutual Funds
    • Best Online Brokers for Bonds
    • Best Blue Chip Stocks
    • Best Swing Trade Stocks
    • Stages of a Stock Market Bubble
    • Best Stock Investing and Trading Podcasts
    • Best Defensive Stocks to Invest

    Cryptocurrency

    ALL
    • Best Cryptocurrency Trading Courses
    • Best Cryptocurrency Brokers
    • Best Cryptocurrency Exchanges
    • Best Cryptocurrency Apps
    • Learn about Cryptocurrency
    • How To Earn Cryptocurrency
    • How to Trade Cryptocurrency
    • Best Cryptocurrencies
    • Best Crypto Trading Bots
    • Best Crypto Portfolio Trackers
    Menu
    • Best Cryptocurrency Trading Courses
    • Best Cryptocurrency Brokers
    • Best Cryptocurrency Exchanges
    • Best Cryptocurrency Apps
    • Learn about Cryptocurrency
    • How To Earn Cryptocurrency
    • How to Trade Cryptocurrency
    • Best Cryptocurrencies
    • Best Crypto Trading Bots
    • Best Crypto Portfolio Trackers
  • Health

    Health Conditions

    ALL
    • Macular Degeneration
    • Testosterone
    • Constipation
    • Hormonal Imbalance
    • Stomach Bloating
    • Sleeping Problems
    • Baldness
    • Lower Back Pain
    • Toenail Fungus
    • Mouth Sores
    • Eye Dark Circles
    • Stomach Bloating
    • Headaches
    • Face Acne
    Menu
    • Macular Degeneration
    • Testosterone
    • Constipation
    • Hormonal Imbalance
    • Stomach Bloating
    • Sleeping Problems
    • Baldness
    • Lower Back Pain
    • Toenail Fungus
    • Mouth Sores
    • Eye Dark Circles
    • Stomach Bloating
    • Headaches
    • Face Acne

    Product Reviews

    ALL
    • Diet & Weightloss
    • Exercise and Fitness
    • Beauty and Skin
    • Hair and Nails
    • Strength Training
    • Yoga
    • Dietary Supplements
    • Over-40 Supplements
    • Sexual Health
    • Dental Health
    • Men’s Health
    • Women’s Health
    • Sleep and Dreams
    • Best Weight loss Supplements
    • Best Fat Burner Supplements
    • Best Hair Growth Supplements
    • Best Vision Supplements
    • Best Memory Supplements
    • Best Natural Testosterone Supplements
    Menu
    • Diet & Weightloss
    • Exercise and Fitness
    • Beauty and Skin
    • Hair and Nails
    • Strength Training
    • Yoga
    • Dietary Supplements
    • Over-40 Supplements
    • Sexual Health
    • Dental Health
    • Men’s Health
    • Women’s Health
    • Sleep and Dreams
    • Best Weight loss Supplements
    • Best Fat Burner Supplements
    • Best Hair Growth Supplements
    • Best Vision Supplements
    • Best Memory Supplements
    • Best Natural Testosterone Supplements
  • Relationship

    Blogs and Tips

    ALL
    • Females in Relationship
    • Men in Relationship
    • Dating Tips
    • Finding yourself
    • Marriage Tips
    • Love
    Menu
    • Females in Relationship
    • Men in Relationship
    • Dating Tips
    • Finding yourself
    • Marriage Tips
    • Love

    Dating Guides

    ALL
    • Best Catholic Dating Sites and Apps
    • Best Christian Dating Sites
    • Best Pagan Dating Sites and Apps
    • Best Teen Dating Sites and Apps
    • Best Dating Apps for College Students
    • Asian Dating Guide
    • Japanese Dating Guide
    • Filipina Dating Guide
    • Indian Dating Guide
    • Black Dating Guide
    • Russian Dating Guide
    • Best Free Trucker Dating Sites and Apps
    • Best Dating Sites and Apps for Marriage
    • Best Free Crossdresser Dating Sites and Apps
    • Best German Dating Sites
    Menu
    • Best Catholic Dating Sites and Apps
    • Best Christian Dating Sites
    • Best Pagan Dating Sites and Apps
    • Best Teen Dating Sites and Apps
    • Best Dating Apps for College Students
    • Asian Dating Guide
    • Japanese Dating Guide
    • Filipina Dating Guide
    • Indian Dating Guide
    • Black Dating Guide
    • Russian Dating Guide
    • Best Free Trucker Dating Sites and Apps
    • Best Dating Sites and Apps for Marriage
    • Best Free Crossdresser Dating Sites and Apps
    • Best German Dating Sites

Secret To Success: The Two Mindsets You Need To Avoid

By Nicklas Stender Kastrup on December 4, 2017 - Fact checked by Dumb Little Man

 Secret To Success: The Two Mindsets You Need To Avoid
Business Career Success
by Nicklas Stender Kastrup December 4, 2017

“Invert, always invert: Turn a situation or problem upside down. Look at it backward.”

– Charlie Munger

For ambitious people, knowing what to do is not always enough. Sometimes, we need to know what not to do.

So, like Charlie Munger, I am going to use inversion and focus on what not to do to be successful. Specifically, I will focus on two mindsets to avoid in order to be successful.

Here’s the secret to success.

Mindset 1: Impatience

I’ve always been impatient.

In a video recorded on my first day of school, I looked as if boredom and impatience were slowly and surely killing me. I was 6 years old then.

In my view, impatience is a very one-sided negative trait.

Let me illustrate.

For most of my life, I’ve quit things that I didn’t like anymore because I got impatient about the speed of progress. Things weren’t moving fast enough.

Like a chimpanzee, I’d jump from branch to branch, hoping to find something that would excite me- something that would energize and stifle the crushing boredom I felt.

That all comes down to impatience.

Because of my impatience, I started two educations and dropped out of both. This was the time I realized that something was wrong.

It was not so much that I realized that impatience was at the bottom of my ailments. It was more on the idea that I needed to change something in my life.

When it comes to studying and getting a degree, things don’t happen overnight.
From this, I learned that things take time.

It might sound trivial but until I realized this, impatience held me back in a big way.

Conversely, patience is a trait you see in almost every successful person if you study their life and work.

Picture-Perfect Patience

A prime example of patience is Sam Walton, the founder of Walmart.

sam walton waltermart
Via quotivee

He opened his first store in 1945 and barely scraped by for the next few years. Then, things slowly started improving. After spending five years establishing himself as a retailer, he opened his first Ben Franklin store in 1950. A big move at the time.

Let us dwell on the fact that it took Sam Walton, one of the most successful businessmen of all time, five years before he no longer struggled. We’re not talking about success. We’re just talking about getting to a point where he doesn’t have to worry if his business is going to survive.

After this, he spent the next 12 years building a chain of Ben Franklin stores until he eventually owned 16. This is when he tasted the first modicum of success, 17 years after he started his first business.

This only happens with tremendous patience.

After spending 17 years building his retail business from the bottom up, Walton opened his first Walmart in 1962.

We all knew what happened next.

The point is that one of the most successful businessmen of all time worked his butt off for 20 years in the retail business before Walmart become a success.

Key lesson: If you want to be successful, avoid impatience like the plague.

Mindset 2: Arrogance

Another part of my personality that has held me back in the past is my arrogance.

I consider myself a pretty smart guy and sometimes, that spills over into thinking that I’m better than everyone. I am a master of the universe and don’t have anything to learn because I already know it all.

I’m sure you can see how these behaviors held me back.

It’s not that I disliked other people. I just thought I was better than them.

More intelligent, smarter, better-looking, and pretty much the bee’s knees. Whether or not this was objectively the case — which, most often, wasn’t — is beside the point.

The point is that this line of thinking is so counter-productive that it’s amazing I ever managed to accomplish anything at all.

Arrogance hampered me because it became a substitute for thought. A substitute for learning. A substitute for personal growth.

After all, why would I need to grow when I was already so amazing?

Want to know the worst part?

I was completely blind to it.

I had no idea how arrogant I was.

Let me illustrate.

When I started my first job, I was assigned a mentor. After the initial exchange of pleasantries, we got down to business. I realized pretty quickly that she didn’t have a university degree.

In my mind, at the time, that equated to being stupid. So, I assumed that she was stupid, which affected my attitude towards her as well as the people around me.

Coming straight out of school with this kind of arrogance, I’m sure you can imagine what happened next.

I was ostracized and had to move projects in order to work with other people- new people who didn’t know me.

This time, I tabled my arrogance as much as possible and lo and behold, my experience was completely different. People reacted differently to me. I felt better at work. It was easier to work with others and the quality of my overall experience increased exponentially.

The Humble-Pie Die

Have you ever wondered what it takes to become the richest man in the world?

Obviously, it takes tremendous patience because good things happen slowly. Less obvious is the fact that it requires complete lack of arrogance.

It requires a ruthless focus on learning from mistakes, a continuously expanding network of knowledge and magnificent people skills. These are all skills that would be impossible to attain in the face of arrogance.

Trust me.

So, who is this mystery man who has made a career (not to mention billions) from the humble-pie diet?

None other than investing legend Warren Buffett.

warren buffett
Via achievecentre

Buffett is one of my biggest idols. He is my idol because he combines one of the sharpest minds of several generations with a tremendous amount of humility. And this humility is what has helped him achieve the success that he has.

In his partnership letters, Buffett mostly writes about his mistakes, despite the fact that he wipes the floor with the market every year. His humility has allowed him to learn throughout his life and he has become one of the richest and most successful businessmen of all time because of it.

Key-Lesson: Eat your humble pie every day.

See Also: 4 Things Highly Successful People Do Differently

 

Like this Article? Subscribe to Our Feed!

Author: Nicklas Stender Kastrup

  • Web
  • |
  • More Posts(2)

Share This:

  • 0
    Facebook
  • 0
    Twitter
  • 0
    Linkedin
  • 0
    Email
Previous post
Next post

By Nicklas Stender Kastrup on December 4, 2017 - Fact checked by Dumb Little Man

FOREX REVIEWS

Get daily tips and tricks for making your best home.
Follow us :
Instagram Pinterest Facebook Twitter
  • About Us
  • Advertise
  • Become a Contributor
  • Privacy Policy
  • Contact
Menu
  • About Us
  • Advertise
  • Become a Contributor
  • Privacy Policy
  • Contact
  • About Us
  • Advertise
  • Become a Contributor
  • Privacy Policy
  • Contact
Menu
  • About Us
  • Advertise
  • Become a Contributor
  • Privacy Policy
  • Contact
  • About Us
  • Advertise
  • Become a Contributor
  • Privacy Policy
  • Contact
Menu
  • About Us
  • Advertise
  • Become a Contributor
  • Privacy Policy
  • Contact
Get daily tips and tricks from Dumblittleman!
Your subscription could not be saved. Please try again.
Success! You are now a Dumb Little Man! :)
Follow us :
Instagram Pinterest Facebook Twitter
Browse
  • Business
  • Money
  • Relationships
  • Health
  • Happiness
  • Languages
  • Lifehacks
About
  • About Us
  • Advertise
  • Become a Contributor
  • Privacy Policy
  • Contact

Legal

The content on Dumblittleman is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.
© 2021 Dumb Little Man. All Rights Reserved. Privacy Policy · Terms · Advertiser Disclosure

Health and Wellness


View all

 

 

Health and Wellness

View all
headache pressure points (1)
Health

5 Effective Headache Pressure Points: Complete Guide 2023

by Vanessa Richards January 17, 2023
lower right abdominal pain
Health

8 Common Causes Of Lower Right Abdominal Pain:

by Vanessa Richards January 17, 2023
how to heal your gut
Gut Health

How to Heal Your Gut In 9 Easy

by Vanessa Richards January 17, 2023
Types of Magnesium
Dietary Supplements

11 Types of Magnesium You Need To Know:

by Vanessa Richards January 17, 2023
Gum Abscess
Dental Health

7 Gum Abscess Symptoms To Look Out For:

by Vanessa Richards January 12, 2023
gerd diet plan
Diet & Weightloss

7 Day Gerd Diet Plan For Long-Term Relief:

by Vanessa Richards January 12, 2023
high protein low carb
Diet & Weightloss

15 Foods To Eat On A High Protein

by Vanessa Richards January 11, 2023
right upper quadrant pain
Health

7 Common Causes Of Right Upper Quadrant Pain:

by Vanessa Richards January 11, 2023
Diet & Weightloss

9 Ways On How To Get Rid of

by Vanessa Richards January 10, 2023
Dental Health

How to Get Rid of Gingivitis: 15 Home

by Vanessa Richards January 10, 2023
inner knee pain
Bone and Posture

11 Causes of Inner (Medial) Knee Pain: Complete

by Vanessa Richards January 9, 2023
healthy smoothie recipes
Diet & Weightloss

8 Healthy Smoothie Recipes to Energize your Mornings:

by Vanessa Richards January 6, 2023
Weight Loss Tips for Women (1)
Diet & Weightloss

25 Weight Loss Tips for Women (That Actually

by Vanessa Richards January 6, 2023
what causes joint pain
Bone and Posture

What Causes Joint Pain and How To Get

by Vanessa Richards January 5, 2023
Why is My Period Late
Health

Why Is My Period Late? 9 Most Common

by Vanessa Richards January 5, 2023
Tricks to lower blood pressure instantly
Blood Pressure Level

21 Effective Tricks To Lower Blood Pressure Instantly

by Vanessa Richards January 5, 2023
how to last longer in bed
Health

12 Ways On How to Last Longer In

by Vanessa Richards January 5, 2023
how to lose face fat
Diet & Weightloss

10 Ways On How to Lose Face Fat:

by Vanessa Richards January 5, 2023
Carb Cycling
Diet & Weightloss

Carb Cycling For Beginners: Complete Guide 2023

by Vanessa Richards January 5, 2023
Best Turmeric Supplements
Best of

13 Best Turmeric Supplements of 2023 According To

by Vanessa Richards January 5, 2023
Facebook Twitter Instagram Linkedin

Investing

Stocks

Best Stock Brokers Review

Best Online Brokers for Stocks Under $100

Best Online Brokers for ETF Investing

Best Brokers for Mutual Funds

Best Online Brokers for Bonds

Stocks Blogs: Complete Guides

Forex

Best Forex Trading Course

Best Forex Brokers Review

Best Forex Trading Software

Best Forex Indicators

Best Forex Screeners

Forex Blogs: Complete Guides

Crypto

Best Cryptocurrency Brokers 

Best Cryptocurrency Exchange

Best Cryptocurrency Apps

Best Cryptocurrency Trading Course

Best Cryptocurrencies

Crypto Blogs: Complete Guides

Futures

Best Futures Brokers

How to Trade Futures

Best Futures Trading Software

Best Futures Trading Strategies

Best Futures Brokers

Options

Best Options Trading Course

Best Options Trading Strategy

Best Options Online Brokers

Best Options to Buy

Best Binary Options Brokers

Health

Best Supplements

Best Weight Loss Supplements

Best Fat-Burning Supplements

Best Hair Supplements

Best Vision Supplements

Best Memory Supplements

Best Natural Testosterone Boosters

Best Joint-Pain Relief Supplements

Supplement Reviews

Divine Locks Reviews

Keravita Pro Reviews

LeanBiome Reviews

Juvenon Bloodflow-7 Reviews

RockHard Formula Reviews

ProstaStream Reviews

NitriLean Reviews

Hyperbolic Stretching Review

Dentitox Pro Reviews

Revision Reviews

Relationships

Religious Dating Guides

Best Catholic Dating Sites and Apps 

Best Christian Dating Sites

Best Pagan Dating Sites and Apps

Ethnic Dating Guides

Asian Dating

Japanese Dating

Filipina Dating

Indian Dating

Black Dating

Russian Dating

Other Dating Guide

Best Free Trucker Dating Sites and Apps 

Best Dating Sites and Apps for Marriage

Best Free Crossdresser Dating Sites and Apps

Best Teen Dating Sites and Apps

Best German Dating Sites

Best Tall People Dating Sites and Apps

Money

Banking

Best Savings Account

Best High Yield Savings Account

Best CD Rates 

Best Money Market Accounts

Best Online Checking Accounts

Best Banking Apps

Loans

Best Personal Loan

Best Low-Interest Personal Loans

Best Personal Loans for Bad Credit

Best Personal Loans for Excellent Credit

Best Debt Consolidation Loans

Best Student Loans

Credit Cards

Best Buy Credit Card

First Credit Card Guide

How to Get Out of Credit Card Debt Fast

Best Chase Credit Cards

Indigo Platinum Mastercard Review

Insurance 

Sproutt Life Insurance Reviews

eHealth Insurance Reviews

Cheap Car Insurance Reviews

Embrace Pet Insurance Reviews

Best Rideshare Insurance Reviews

Follow us 
Facebook Twitter Instagram Linkedin
  • About Us
  • Advertise
  • Become a Contributor
  • Privacy Policy
  • Contact
Menu
  • About Us
  • Advertise
  • Become a Contributor
  • Privacy Policy
  • Contact

The content on Dumblittleman is for informational and educational purposes only and should not be construed as professional financial advice. Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors.

© 2023 Dumb Little Man. All Rights Reserved. Privacy Policy · Terms · Advertiser Disclosure

You’re our first priority. Every time.

ECG Pte Ltd (www.dumblittleman.com) is an independent publisher and comparison service, not an investment or financial advisor. Its articles, interactive tools, and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide investment or financial advice. Dumblittleman does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific investment or financial issues. Our estimates are based on past market performance, and past performance is not a guarantee of future performance.

We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/