Elite Athletes have talent. Yet, what they do in private, and the intense training gives them success publicly. Peter has heard this termed “the Bruce Lee Principle” of finding your path.
Bruce Lee could be one of the greatest martial arts athletes of all time. With great intentionality, his pursuit of perfection led him to study everything from nutrition to weightlifting, supplements, and multiple fighting disciplines. The latter even led him to create his own form of martial art: Jeet Kune Do.
Bruce Lee left clues for how he approached his journey of perfection, and he used it as the foundation for what he taught his students. He formulated a four-step process. Which, when applied to your finances, could help you pursue a journey to financial freedom.
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LISTEN TO THIS WEEK’S PODCAST:
Now, let’s look at what we discussed in this episode:
- The Bruce Lee principle… as applied to investing
- Principle #1 Research your own experience
- Principle #2 Absorb what is useful
- Principle #3 Reject what is useless
- Principle #4 Add what is specifically your own
Here’s a breakdown of how this episode unfolds…
The four-step process of achieving the “Bruce Lee Principle” that you can apply on your own journey towards financial freedom.
Principle #1: Research your own experience. One size does not fit all. Do your own research to figure out what successful people are doing. Use the research to develop your own plan, doing what works for you. Peter recommends applying of this principle #1 to investing in today’s volatile market.
Principle #2: Absorb what is useful. As you research and see what paths are out there, you’re going to hear different strategies and ideas. Figure out what investment plan resonates with you. Choose one or two strategies, write them down, and do those things well.
Principle #3: Reject what is useless. Not everything others are doing will be what works for you. The key is this: when listening to advice from someone, you still need to do your own due diligence and analytical thinking. Only do things if it makes sense to you. If not, reject it and move on.
Principle #4: Add what is specifically your own. Now, it’s up to you to figure out how to make things work specifically for you. It means you have to take what you’ve learned and innovate or course correct. Come up with a plan that works for yourself to make it work specifically for you. Apply what you have learned. You are the only one who knows how to get there.
Our financial paths are completely unique… with the same goal: FINANCIAL FREEDOM.
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The post #114 Financial Literacy from “the Bruce Lee Principle” appeared first on Passive Income M.D..