Are You Going to Do the Same Thing Over and Over Expecting a Different Result?

(right-click to download) | Today’s show is going to be committed to getting you to take action. Action. Why? Because I’m still seeing huge numbers of families… confident, smart, caring… still sitting on their rear ends.

It’s Sad

…and it is… there’s no other word for it, it’s sad. As a mentor it’s infuriating. But that has got to stop. Action.

The crash of the stock market was six or seven months ago. All the goings on have of course continued during that time. But what I’ve been seeing is huge numbers of people still talking about the economy. I’ll be at a restaurant and I’ll be listening to tables near by… and they’re talking about this and what’s going on in the economy…

Financial Death

…but I don’t hear any of them talking about what they’re doing, and that is a major problem. It’s stagnation. Death… there’s no other word for it: financial death.

If you’re sitting on your rear end, address the issue of the bowling pin theory, which is what most of you are focused on, the bowling pin theory. You are the bowling pin.

You’re a Bowling Pin

The ball comes over, knocks you down (that would be the stock market crash), and what you do is instead of really making any changes to get out of the lane to get out from that bowling ball, what you do is focus on righting yourself.

You just ignore the fact that that ball is coming back down there as soon as the guy who’s throwing the ball gets it again. Don’t worry about that… all you want to do is worry about getting right, getting to stand up in your normal position. Then, you’ll get out.. then, you’ll make changes.

This is your stock broker and financial planner saying, “stay the course… remember you haven’t lost if you don’t sell.” Remember those lies?

What Have you Done Differently?

There is a huge number of people doing it, in fact it’s the vast, vast majority. Now I need you to be relatively hard on yourself and ask yourself: What have you done differently in the last six months?

For most people, it’s really nothing. Moving from one mutual fund to another mutual fund is nothing. Moving from one savings program to another savings program… you’ve done nothing. That doesn’t count. You can’t move from vehicle A to vehicle B and go, “wow, man I’m really making changes.”

Some of you sold some stocks and bought some more stocks. Again, that doesn’t count. You haven’t changed anything… because the business model doesn’t work. The model of work for 30, 40 years and hope for the best, scrimp and save, and throw your money at speculation, gambling like the stock market where you have no control of it, you’re just throwing the dice.

It doesn’t work. It hasn’t work and all you’re doing is setting your pin back up and it’s not if that ball comes back it’s when.

It’s Nothing New

Now the younger people in their 20′s and 30′s: this doesn’t make much sense to you because you haven’t experienced it. But anyone that is over 35/40 that doesn’t understand this… there’s obviously some type of mental block, some type of mental problem… where you’re going, “no, this didn’t happen in ’87, this didn’t happen in ’97, no it didn’t happen in 2000, and it didn’t happen in 2008, and it certainly won’t ever happen again.

Do you see the craziness of all that? Of doing the same thing over and over again. Now, I’ve got a million theories about why people do this. It just blows my mind, I cannot do the same thing over and over again and expect a different result.

Let Go of the Ego

It literally, and I have to give credit to my mentors, who taught me to let go of the ego. Don’t look at life at anything but a result. Either you’re getting the results you want out of life or you’re not. There’s no such thing as success or failure. You’re either getting the results you want or you’re not. There’s no such thing as right or wrong. There’s simple ineffective and effective.

I can look at stuff and just let it go. If I had done, which is what 90+% of people have done. Which is get best paying job that they can. Commit to it and work and work and work, and dedicate, and try to climb that corporate latter, and save a little of my earned income and throw it into some savings vehicle like the stock market or mutual funds… and I got hit in 1987..

That would have been the last for me. I’d a gone, “oh man, nobody told me about that. I’m not going to do that again.” I do not know how anybody could have said “man, they got me… I’m going to do the exact same thing.. they won’t get me again.”

Insanity

That form of insanity, which is… if you look it up… go Google this, or Yahoo! it. Look up this phrase: doing the same thing over and over and expecting a different result.

This is a form of insanity. In the United States, it’s become a form of mass insanity. Where we’re all doing stuff we know doesn’t work. It didn’t work for your grandfather, it didn’t work for your father, it’s not working for you… and you’re teaching your kids to do it.

That’s got to stop. If you’re listening to this show today, I’m going to give you the path that works. We’ve discussed it before.. my longtime listeners are going, “Lord, have mercy, here we go again.”

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