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Tom Bilyeu's Impact Theory

Get OVER Failure, Deal with DISAPPOINTMENT & Move Forward AGAIN | Tom Bilyeu

Tom Bilyeu's Impact Theory

Impact Theory

Business, News Commentary, News

4.75.2K Ratings

🗓️ 17 December 2022

⏱️ 25 minutes

🧾️ Download transcript

Summary

Click here to download your FREE guide to 100x YOUR EFFICIENCY IN 10 EASY STEPS: https://bit.ly/3F8qOJL

Build IRONCLAD discipline in this FREE workshop: https://bit.ly/3RUnYux

On Today's Episode:

Experiencing the highest level of success also means experiencing as many failures as it takes to reach your goals. It may be uncomfortable, but making mistakes and failing is part of the game. Wallowing in the disappointment we can all feel after failing something, does not take you any closer to succeeding.

Tom is sharing the perspective he’s developed and refined to become the entrepreneur that he is. Becoming capable of executing at elite levels of success comes with every failure and mistake you make along the way. Failure will teach you all that you need to know to succeed, but you have to be willing to make the mistakes without sitting in disappointment.

“Success is the ability to go from failure to failure to failure, without a loss of enthusiasm.” - Winston Churchill

SHOW NOTES:

0:00 | Introduction
0:30 | Failure & Disappointment
5:56 | Flexible Goals & Pathways
10:53 | Passionate Career
15:40 | Mistakes Teach Lessons
18:12 | Luck Requires Skill

QUOTES:

“Failure is not proof that you're a loser. Failure is the process by which you become better [...] when you fail, why would you beat yourself up over it? It's the nature of progress itself, there is no way to get better without failing.” [3:06]

“Don't allow yourself to get bogged down in a path, which should be easily discarded, but don't give up easily on a mission, which should be far more firm.” [10:37]

“If you want to achieve anything significant in your life, you have to understand that it's a game of attrition, [...] Most people quit. It isn't that the people that end up winning never fail. It's that they didn't quit when they failed.” [11:14]

Follow Tom Bilyeu:

Website: https://impacttheory.com/
Twitter: https://twitter.com/TomBilyeu
Facebook: https://www.facebook.com/tombilyeu
Instagram: https://www.instagram.com/tombilyeu/

Transcript

Click on a timestamp to play from that location

0:00.0

What is up my friend Tom Billio here and I have a big question to ask you how would you rate your level of personal discipline on a scale of 1 to 10 if your answer is anything less than a 10 I've got something cool for you

0:10.6

and let me tell you right now discipline by its very nature means compelling yourself to do difficult things that are stressful

0:17.2

boring which is what kills most people are possibly scary or even painful now here is the thing achieving huge goals and stretching to reach your potential requires you to do those challenging stressful things

0:29.2

and to stick with them even when it gets boring and it will get boring building your levels of personal discipline is not easy but let me tell you it pays off

0:37.0

in fact I will tell you you're never going to achieve anything meaningful unless you develop discipline right I've just released a class from impact theory university called how to build ironclad discipline that teaches you the process of building yourself up in this area so that you can push yourself to do the hard things that greatness is going to require of you right click the link on the screen register for this class right now and let's get to

0:59.1

work I will see you inside this workshop and impact the university until then my friends be legendary the truth is hitting your career goals is not easy you have to be willing to go the extra mile the standout and do hard things better than anybody else but there are 10 steps I want to take you through that will 100 x your efficiency so you can crush your goals and get back more time into your day you'll not only get control of your time you'll learn how to use that momentum to take on your next big question

1:29.0

big goal to help you do this I've created a list of the 10 most impactful things that any high achiever needs to dominate and you can download it for free by clicking the link in today's description

1:39.7

part of my friend back to today's episode everybody welcome to another episode of impact theory today we are going to be talking all about dealing with disappointment this is something I know a lot about I'm sure all of you know a lot about this but there is a way to get over it and to make sure that we don't waste any time stuck in that period of

2:08.8

disappointment we may need to do a period of morning but that we don't allow ourselves to get stuck there we're able to mourn move past it and get going again

2:16.8

all right first question is how do I stop myself from beating myself up for trying to do something that failed miserably and then continuing to overthink everything about what happened

2:27.6

thank you so much for any advice and assistance that you can provide okay here is how to conceptualize failure and the disappointment that goes along with it once you understand that what the human animal is designed to do is learn then you have to ask yourself if what has made the human animal the most apex of apex predators the world has ever seen the most capable of completely changing its environment

2:54.6

what is it that allows them to learn fast and the answer is failure now the reason that failure is truly useful and I'm not just saying that to make you or myself feel better in fact I wish that it wasn't the way to learn the fastest but the reality is the reason that it works so well is that when you fail you trigger areas of the brain that are focused on memory and focus so you've got the memory size so you can remember this you've got the pain

3:24.5

this does not feel good I do not want to go through this again so you've got that which heightens your emotions which makes you more likely to remember this thing moving forward and then it also narrows your attention so you're really looking at why did this go wrong and when you have this sense of I never want to repeat this and you're looking very closely at why did this go wrong now all the sudden failures because of what it does to your brain and quite frankly because you're in the mix you're trying things and we learn better from doing

3:53.5

than from reading about it or hearing about it so failure suddenly become the most information rich data stream on planet earth heightens your likelihood of remembering and it focuses you in on exactly what's the problem so now even though failing sucks part of what makes it valuable is that it sucks in fact it may suck in order to make it valuable let that sink in that nature went huh when this happens in order for this to be a good example

4:23.5

useful for this animal for this evolutionary creature I need to make sure that it becomes advantageous so that as they make mistakes assuming that they don't get eaten by a lion I want to make sure that they don't put themselves in that position again and so we have to learn from some method and the method that gets us moving taking action trying things feeling the pain focusing that's going to be the thing that we're going to get the most takeaways from so now as you reframe what failure is failure

4:53.4

is not proof that you're a loser failure is the process by which you become better okay failure is not the process that reveals that you're a loser failure is a process by which you become better that is the name of failure so now when you fail why would you beat yourself up over it it's the nature of progress itself there is no way to get better without failing it's the fastest way it is the most important thing is the process of failure

5:23.4

is the most effective way it is necessary you have to do it and by the way for you to have failed at something you showed the courage to try it so instead of wasting time beating yourself up over the fact that something went wrong we're going to say that's the nature of progress we have to try something it's not going to work as well as we wanted to or I may fall flat on my face I may outright embarrass myself and if I let that break me I will fail to learn the lesson

5:50.4

but if I do what nature is compelling me to do and I focus on what went wrong why did this happen because I never want to go through this again you stack enough of those what went wrong I never want to go through this again enough of those together and you actually get good and translating potential into skill set is the name of the game and you will never do that more efficiently than you will through failure and mistakes so allowing yourself to wallow in the game and you will fail the mistakes

6:19.7

to wallow in disappointment, doesn't make any sense.

6:24.8

It's the learning process.

6:26.1

This is what you have to do in order to get good.

6:28.6

So there's no reason to spend a lot of time

...

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