Compete with Yourself

Article 2 in the Success Mindset Series…

There are two levels of competition in the financial world. You can compete with others and you can compete with yourself. We have been taught that financial success comes from competing with others. It is certainly true that in a free market there will invariably be competition between people and businesses. McDonalds competes with Burger King every day to get your burger dollars. Ford competes with Toyota every day to get your automotive dollars.

Successful people learn quickly however that competing with others is a secondary level of competition. The important competition is the one you have with yourself.  Millionaire Gary Jackson writes:

“To achieve success in business, you must ignore your natural desire to compete with other people. Instead, you should only compete with yourself. Here’s why…
All the trouble in the world today is brought about by people competing with each other. All the trouble in the economy today is brought about by people competing with each other.

The plain and simple truth is this: Money is not made by competing with others. It is only shared out. And only the most competitive survive in that arena.
Money is actually made by a small handful of people who only compete with themselves. These people effortlessly become leaders in their niche. Everyone else in that ‘niche’ is too busy and stressed out competing with their rival to get anywhere.”

This is counter-intuitive, isn’t it? And this is why so many people fail, because the mistake the superficial competition in the market with the more important competition with oneself. In truth the more you compete with yourself the better you get at what you do, the better you get at meeting your customer’s needs and wants. The more effective you are at doing that the more effective and competitive you will be in the open market.

You can learn more about Gary Jackson’s lessons of financial success through his Millionaire Stealth Success program. To get the full story though visit the Millionaire Stealth Success program.

[Go to the Series page for the index of this series and links to the other articles.]

Wishing you success and prosperity,

Daniel R. Murphy
Helping People Learn to Build Wealth

Wishing you Success and Prosperity,

Daniel R. Murphy

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.