In This Issue

• How to Make Your Leap to 2023 Successful
• The Best Investment You Can Make In 2023
• Grit: The Power of Passion and Perseverance by Angela Duckworth
• Special Offer: Reclaiming Your Personal Life
• Thoughts About the Future by Peter Drucker

Investing In Yourself Is The Best Investment To Make In 2023

Investments in ourselves, or what economists call our human capital, can be a more productive way to frame efforts for bettering our lives. Diane Ring, interim dean, and professor of law at Boston College, has researched new developments in human capital investments. She points to three major categories of growth that can be nurtured by investing in ourselves:

• Professional,
• Personal. and
• Health.

Professor Ring says, “Those buckets are all connected. Think of it as wanting different kinds of returns for yourself. They’re all slightly different, but still moving toward stability.”

“Investing in yourself is the best thing you can do. If you’ve got talents, no one can take them from you.” -- Warren Buffet

Other Research

In a 2021 study, Angela Duckworth, and her colleague Katherine Milkman who co-direct the Behavior Change for Good Initiative at the University of Pennsylvania looked at how incentive programs affected gym attendance. In one finding, gym goers who missed a workout received an extra incentive—bonus points they could convert to cash—if they returned after a missed workout. Compared with a placebo control group, this incentive program increased gym visits by 27%. People are much more successful at accomplishing a goal when they build in rewards and other incentives along the way.”

Ben Franklin, Super Achiever

How did Benjamin Franklin, one of the most revered figures in American history, accomplish so much in his lifetime? Milkman and Duckworth believe it is because Franklin was a creature of habit. Consider how our habits shape our behaviors. From the tendency to glance at our phones throughout the day, to the drills firefighters repeat to internalize certain behaviors, we all have habits.

Angela Duckworth, who is also the author of Grit: The Power of Passion and Perseverance, a #1 New York Times best-seller explains the potentially life-saving function of habits, the science behind why we have them and how they’re formed, and the role they play in self-control and persistence, respectively.

In Duckworth’s case, having studied self-control and grit for her entire professional life, she noted that success and self-control have a lot to do with habits. “When I first started studying self-control, I thought, well, self-controlled people are really good at suppressing impulses,” Duckworth explains. She soon discovered self-controlled people did more than resist temptation—they had strategies that they formed into habits they didn’t even have to think about. “That effortlessness of doing what is good for you in the long run, despite momentary temptation is a lot of the reason why self-controlled people are healthier, they’re more successful, they enjoy richer social lives, and so forth,” explains Duckworth.

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Conclusion

There are three significant factors you must master to succeed in making the leap to a more productive and prosperous 2023:

1. Effective Habits: The most successful people form the habits of doing what unsuccessful people are unwilling to do.
2. Self-Discipline: The ability to pursue what one thinks is right, despite temptations to abandon it.
3. Grit: Holding steadfast and perseverance to a goal through time and is considered to be highly predictive of success.

These three factors make up the first three steps in the nine-step Accelerator Roadmap.

Next Steps

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Thoughts About the Future by Peter Drucker,

Considered The Greatest Management Thinker Ever.

"In a few hundred years, when the history of our time will be written from a long-term perspective, it is likely that the most important event historians will see is not technology, not the internet, not e-commerce. It is an unprecedented change in the human condition. For the first time--literally--substantial and rapidly growing number of people have choices. For the first time, they will have to manage themselves. And society is totally unprepared for it."