Prosperity, that condition that just about everyone seems to be interested in acquiring more of these days.
I would venture to say, that prosperity is something that we are all hard-wired to pursue. Oddly, it is also something that seems to elude all too many people.
While I don’t have the answers as to why prosperity is so elusive for a great many people, I have learned that there are a few helpful principles that can increase our chances of acquiring more of it.
As such, I wanted to share these principles with you. If you are a student of success, you may have already heard of some these principles. If so, well, there’s nothing wrong with a little repetition.
Like Zig Ziglar use to say…“Repetition is the mother of learning, the father of action, which makes it the architect of accomplishment.”
THE 4 POWER PRINCIPLES OF PROSPERITY
Acquaint yourself with these principles, and by so doing, you will be inviting prosperity to show up in your life unannounced and in greater amounts.
Behold, four principles that can help you find greater prosperity.
Prosperity Principle 1: Pareto Principle
The Pareto principle is a very well-known principle. So, if the name sounds new, perhaps you’ve just heard of it under a different name, which is the 80-20 rule.
If you’ve ever heard of the 80-20 rule, the law of the vital few, or the principle of factor sparsity, then you’ve been exposed to the Pareto Principle.
In its essence, this principle states that, for many events, roughly 80% of the effects come from 20% of the causes.
For instance, 20% of the things you do will account for 80% of your results while 80% of the things you do will account for 20% of your results.
While such statistics may paint a bleak picture of our activities, is also a powerful bit of knowledge that you can leverage to better create and perfect your plans of action.
By understanding that it is typically only 20% of the activities that we do that get us 80% of our results, we can attempt to hone in on what those activities are. And when we discover what those activities are, we then create the conditions for accelerating our results.
Another way that this principle can come into play, especially for those of you who are achievement-minded, is that it can help you better understand why some customers buy your goods and services, and why some won’t or don’t.
In other words, when 80% of the people you approach with your products, services, or opportunities say no, it can be helpful to keep in mind that the NO you received may not have anything to do with you, your product, or your service. According to this principle, you’ll need to get through (on average) 5 No’s for every Yes.
Understand and apply this principle, and the odds will be in your favor.
Prosperity Principle 2: Parkinson’s Law
Now Parkinson’s Law is something all entrepreneurs, artists, or entrepreneurs should be aware of if they want to find more prosperity in their endeavors.
Like the last principle, you may have experienced this one in the past, but just haven’t been introduced to it ‘formally’.
Parkinson’s law was first articulated in an essay of The Economist in 1955. However, it has been made more-or-less mainstream over the past decade.
The law essentially postulates that work expands so as to fill the time available for its completion. If you have ever had some friends or co-workers who were given an easy task to do with a somewhat large amount of time to complete, and yet they somehow managed to stay extremely busy, spending an inordinate amount of time on a task that you could have finished in a day, well then, you’ve been acquainted to Parkinson’s Law.
This is essential knowledge for any would-be achiever, especially those are striving to get their idea, project, book, or dream off and running.
The understanding of this law can help you combat the programming that all too many of us may have experienced while working in conditions that didn’t required us to be 100% invested in our productivity.
Ultimately, if one truly cherishes having more time, leisure, and eventual prosperity, then fully understanding this principle is vital.
Prosperity Principle 3: Law of Averages
The law of averages is one of the most powerful principles of prosperity.
It would be an understatement to say that the law is very important to understand. This law in summary is the idea that probability will influence all occurrences in the long run, and that you will neither win nor lose all of the time.
Here is a quick example of how this law works.
If it rains every day this week, by the law of averages we’re bound to get a sunny day soon. This colloquial term is a popular interpretation of a statistical principle called Bernoulli’s theorem. As a seeker of heightened prosperity, this law becomes important especially when the time comes for going after the deals, the partnerships, and the sales.
The more you experience the no’s and failures in the pursuit of your ventures, the more likely you are over time, to experience that crucial yes and ultimate success.
To fully make my point, I’ll refer to Babe Ruth. Babe Ruth held the lifetime total home run record of 714 for 39 years. But, what many people don’t know, is that he also held the career strike-out record (1,3330 strike outs) for 29 years.
The same success awaits the person in-the-arena, striving to make something out of nothing. If you are willing to put yourself into a position where you may strike out, you will, by the law of averages, be increasing your chances of hitting your home run, and in turn finding more success and prosperity!
Prosperity Principle 4: Law of Association
I’ve mentioned this principle in past posts. It really is something that needs to be taking into consideration as we strive to heighten the prosperity we are seeking in our lives.
This law is difficult to apply. Unfortunately, it is one of the most important principles to implement if you we aim to make significant progress in our levels of personal prosperity.
This principle suggests that we become like the average of the five people whom we spend most of our time with.
In short, this means that everything about you will average out to be in alignment with those five people whom you are currently spending most of your time with.
If you are hanging out with people who don’t have much, aren’t going anywhere, and don’t encourage you to grow, do more, acquire more wealth, guess who you’ll eventually transform into?
On the other hand, if you want to become more success-minded, positive, or wealthy, then it is a must that we strive to get around such people.
If you want to raise the quality of your life, hang out with people who have already accomplished what you are trying to accomplish.
It really is true, that birds of a feather flock together.
And the reason is, because they all have the desire to go in the same direction. They share a common vision.
So, if you’re going after a certain life goal or level of prosperity, pay attention to the people who have achieved what you are after, or are on track to do so. Associate, associate, associate.
Violate at Your Own Risk
Alright friends, there you have it. The four power principles to bring you more prosperity and accomplishment.
I’ve studied some of the most successful and richest people in the past 100 years, and these principles of prosperity have come up again and again.
If you practice these principles and pursue them with vigor, in any area of your life, positive and yes, even prosperous results will abound.
Violate them at your own risk.