I've seen it today more than ever before. Here's how it works, and how it might be holding you back:
The phenomenon was first described by researchers Stephen Berglas and Edward Jones in a 1978.
They called it self handicapping and their study was fascinating...
They gave students unsolvable and solvable puzzles.
Then after said they'd done well.
Those with the unsolvable puzzle were confused, they failed? They were nervous, uncomfortable.
Next the students were asked if they wanted to take a performance-enhancing or inhibiting drug before taking another test.
70% who had the unsolvable anagrams asked for performance-inhibiting drug, while just 13 percent of those with the solvable puzzle.
Why?
Then if they failed again they could blame something else. Protecting the ego at all costs.
This trend has reared its ugly head again and again in my interactions.
In the comments of posts, in the retweets, in the replies to emails. I call it the self-defeat phenomenon.
Phenomenon: People who want success stop themselves from getting it.
Here is a truth I’ve come to see: Most do not believe they can do big things.
Hard to believe that the things others have accomplished are available to most.
And when you tell them they really can, you create a discord like a bad note on a guitar string.
The note creates a terrible sound, a ringing screech, compared with all the notes they’ve heard in their life
And b/c no one wants to rewrite the song of their life to go to a higher level, you sound to them like a liar or a deceiver, instead of a believer in their abilities
We had a video go pretty viral w/ 15.6 million views on Tik Tok. It was about vending machines. While the comments were mostly positive, the resounding ones were:
"NOOOOOOO, this is fake. It can’t be true. I’ve done it and it didn’t work that way!"
The tough part, I’d seen the guy’s financials.
He’d let me peruse what he was building. Unless he cooked the books (unlikely) he was telling the truth.
But the discordant sound was ringing in people’s ears.
Why?
Because if they failed, it wasn’t because they messed up...
It was because it was impossible.
This is called cognitive bias:
"I believe this and thus I will only listen to things that confirm my beliefs."
It’s the foundation of much that is wrong in our world today.
So I want to leave you with something here:
Can you try one for change for me this week? One simple tweak.
Instead of seeing something and saying “THIS WON’T WORK, OR NOT FOR ME!” ask instead, “How could this work for me?”
You might just surprise yourself with what you’re capable of, and what the world can offer you.
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11 ways I still live cheaply so $ is never a worry...
Airbnb Even When You Don't Need To:
- for as long as I can remember, I've rented out my house (for at least some portion) on Airbnb
- now I do it for all my properties
Yes even my main house. (weird to say "main house" outload - rich ppl sh*t).
Always Ask for Discount:
I used to think it was cheap to ask for discounts almost constantly. I thought it made me look poor. Then I traveled with my partner at my PE fund and he did it nonstop.
His reason - "No one does it, so more often than not, you'll get one."
My biggest losses of 2021 and the lessons I learned from losing 2 commas:
I had a hell of a year, made 0’s, grew to 1 million followers across platforms, bought a bunch of biz’s but I made some big mistakes, and big losses came with them.
Everyone's doing EOY lessons. I’ll share my painful ones.. bc I haven’t yet met a perfect human.
Played A Long Term Game w/ a Short Term Person
One of my deal partners was how do I say this nicely? A narcissistic d*ck.
I knew it BUT I did it anyway bc of the deal.
Had to walk away. He’ll take upside & use my name🤦♀️
As Naval says, “long term games w/ long term PEOPLE.”