Life update (personal video)

Cult Insight

In this video I share five powerful ways I’ve learned to create more luck in life, from career opportunities to those small coincidences that feel magical.  DISCLAIMERS & DISCLOSURES  This content is for educational and entertainment purposes only. I does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.   Thank you for your support!  *T&C's apply

Transcript

00:00hey everyone welcome back to this channel i've actually postponed the original video that was

00:19meant to go out today because i wanted to post something completely in real time i've had one

00:25of those weeks where everything has just seemed to go right i got an email about a collaboration that

00:30i'd been hoping for i bumped into someone at a coffee shop who introduced me to someone else

00:36who ended up becoming a very key business contact and randomly discovered a solution to a problem

00:42that i had been stuck on for months and it felt like pure luck and coincidence but here's the thing

00:48that got me thinking in the past year i've had more of these lucky moments than in the previous 10

00:53years combined and i started wondering is this actually luck or is there something else going on

00:59so i went down a bit of a rabbit hole research papers books podcasts conversations with people

01:05who seem to have good things always happening to them and what i've discovered has changed how i

01:11think about luck it turns out there are specific research-backed ways to make good things more

01:17likely to happen to you it's not about positive thinking or manifesting it's about understanding

01:23how opportunity actually works and then positioning yourself to catch it when it shows up and so i

01:29thought it'd be interesting to make this video sharing the five strategies that i think are the

01:34most important and have the biggest impact on creating your own luck whether you want better

01:39career opportunities stronger relationships or just more of those amazing coincidences that make life

01:44feel a bit magical so the first one i wanted to share is applying the law of reciprocity

01:49four years ago i had this mindset that if i shared my knowledge or if i helped someone else succeed

01:55i would somehow feel or i would somehow fall behind so i remember keeping a lot of things to myself my

02:03ideas my strategies even basic advice that i could just share for free and guess what hardly anything

02:10came back to me then i started applying the law of reciprocity i started giving a lot more

02:17without expecting anything back if my friend started a business i'd buy from them i'd leave a review i'd

02:23share it on my social media if someone asked for advice i'd happily share what i knew if there was an

02:27opportunity that came up that wasn't right for me i'd pass it on to someone who i thought it might be

02:31good for and very quickly i found that the same thing started to come back to me almost like in full

02:38circle people would connect me with the right person give me advice that has changed the trajectory of my

02:44career or mention my name for an opportunity sometimes this happened by the person who i helped

02:49as we tend to have this natural obligation or feel like we want to give back but other times it came

02:54from someone completely else someone completely different someone who i've never helped never

02:58shared anything with and it kind of felt like this movement or this circle of energy and here's the

03:04really important thing with the law of reciprocity when i was reading up on it and understanding it a bit

03:08more you can't game the system so real reciprocity means giving or helping without any expectation of

03:15getting anything back you're not helping someone and then keeping score and thinking okay i need to

03:20get them to pay me for that or i'll make sure i get that value back in another way because what

03:25you're kind of doing is making a transactional energy you just want to throw good energy out there

03:31and let it circle back through unexpected channels from the outside when something happens to you

03:37or you just happen to be in the right place at the right time it may look like it's just luck but when

03:43you trace it back often you'll find elements of the law of reciprocity doing what it does best in this

03:49entire process and actually i want to hear your view on this because some people say you shouldn't share

03:53things that you know you don't know who's out there to get you and other people say yeah you just give

03:58and you will eventually get back so i want to hear what you think about this what's your view on it

04:02the second thing that i found to be really important is to be really open-minded and keep your weak ties

04:09alive there's this famous study done by mark granovetter called the strength of weak ties he found that

04:16big opportunities very rarely come from your closest friends they come from acquaintances he found that

04:24people are more likely to land jobs and career opportunities through loose circles rather than

04:29their direct inner circle and this is because your close friends move in the same world that you do

04:36they know the same people the same information they think the same way often the same opportunities

04:42but acquaintances tend to live in completely different circles they see things that you don't and that's

04:47where this luck or good things happening comes in like 99 of the invites the introductions the

04:54breakthroughs that i've had have actually come through someone i only spoke to every now and then

04:58or cross paths with just once if you want to increase your area of luck don't just stick to the people

05:05you know keep your weak ties alive but and this is important actually it can also lead to the third

05:12point which i'm about to talk about and that is the opportunities can't find you though if you are

05:18invisible so you have to showcase your work there is something called the spotlight effect which is

05:24that we think other people are paying more attention to us than they actually are we think everyone

05:30notices what work they're doing we think that they all know about our work we think that they've seen

05:35the projects that we've been working on and that we've posted online but honestly hardly anyone's

05:41watching everyone's so focused on their own life the spotlight is on them and your spotlight is on you

05:47this is why visibility is such a multiplier for luck the more you share what you're doing

05:51even if it's not polished even if it's a work in progress the more chances you create for the right

05:56person to see it at the right time this has played a really really big role in my life as i've gone from

06:01someone who's initially whose work was only seen by my immediate team and my boss and my boss's boss and a few

06:07other people from other teams to someone whose work is pretty much seen across hundreds of thousands

06:12if not millions of people but the difference is being able to share it more visibly all it takes is

06:20potentially sharing what you're doing on linkedin mentioning the project that you've hosted and that

06:25you've done mentioning it when talking to someone saying what wins you've had obviously in a way that

06:30isn't boasting to the wrong person who actually just doesn't care but more of a way of letting the right

06:35person know what you're up to and the fourth thing that i have here which i believe is a huge huge

06:40factor in opportunities and good things happening to you and that is being someone that other people

06:48can trust if you're throwing someone else under the bus for your game if you're sharing business or

06:53gossip about someone else's life that isn't yours to share if you're someone who says you'll do something

06:58but when it comes to it you'll always kind of find an excuse or gatekeep none of that builds the kind of

07:04reputation that makes people want to bet on you or that makes people want to help you or that makes

07:08people want to work with you luck often flows through people and if people trust you they're

07:14more likely to think of you when good things come their way they'll mention your name and rooms you're

07:19not in they'll pass along opportunities maybe even before they're public you can be the smartest most

07:23brilliant person in a room but if you are known to be someone who throws other people in the bus or

07:29isn't able to work in a team or is always doing things for their own gain chances are eventually

07:35you are going to be capped with how far you could go because you can't go very far alone you go a lot

07:41further with doing it with people or having people around you and the fifth thing that i have here and

07:46this is arguably the most important and that is take more shots and increase variability of said shots

07:53one of the simplest ways to make good things more likely to happen to you is by taking more shots

07:58nasim taleb in fooled by randomness talks about something called positive optionality the idea is

08:06that every time you try something new you give yourself exposure to potential upside that you

08:11couldn't have predicted the mistake most people make is they put all their energy into one narrow lane

08:16if that one thing doesn't break through they just assume that they're unlucky or that good things

08:20don't happen to them but luck doesn't really work like that it comes from giving yourself multiple

08:25chances to be in the right place at the right time so if you think about it if you only ever go to the

08:30same place talk to the same people and work on the same projects you've capped the number of

08:36opportunities that can reach you but if you're pitching an idea to this person starting a small

08:42side project here and showing your work saying yes to an event or striking up a conversation with

08:46someone completely new you multiply the ways luck can find you and the people who seem lucky are

08:51usually just the ones who tried the most things most of the shots don't land but the few that do

08:56have made all the difference so these are some of the ways that i found have increased the chance of

09:01good things happening to me i have weeks where everything goes completely wrong and weeks where

09:06things go right and i usually find the weeks that things do go right the things that have happened have

09:11tied back into one of these five things and so i wanted to wrap up this video with an action point

09:17for the next week look for one way to help someone each day without expecting anything back whether it's

09:24sharing a resource making an introduction offering some advice celebrating someone else's win on social

09:29media and just notice a how it feels and be over the next couple of weeks what happens in your own life

09:37in a world where everyone's focused on what they can get being the person who gives freely isn't just

09:42refreshing it's also very very powerful it's a bit of a different video it's not my usual personal

09:46finance videos or self-development videos but i thought it was interesting and i really do believe

09:52that if you apply some of these things to your own life it can really change the amount of good

09:57things that happen to you if this video shifted how you think about success feel free to share it with

10:01someone who might need to hear it thank you so much for watching don't forget to subscribe if you

10:05haven't already and i'll see you for my standard personal finance videos next week

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