Motivational speaker and self-development guru, Brian Tracy who produced more than 300 audio and video learning programs and wrote over eighty books that translated into dozen of languages including Earn What You’re Really Worth, Eat That Frog, No Excuses, and The Psychology of Achievement.
No Excuses Summary
(Reading Time: 5 minutes)
If you make excuses for every failure, instead of taking responsibility, then you can’t be successful. It is easy to blame others, but this thinking will prevent you from reaching your full potential.
Sometimes, you just need to self-discipline yourself to do the activities and stop making excuses.
In this book, No Excuses! The Power of Self-Discipline, I learn three lessons:
- Breaking the old pattern of spending money to gain financial freedom.
- Exercising in the morning can change the way you feel during the day.
- Taking care of your two valuable assets.
On this Page
Breaking The Old Pattern Of Spending Money To Gain Financial Freedom
The lack of self-discipline and inability to delay gratification in the short term cause people to spend everything – they earn. Hence, most adults are financially weak. You may wonder where is this weakness of character comes from?
It starts in early childhood. When you were a kid, and you received money, the first thing that comes in a little kid’s head is to spend the money on candy. Because kid likes candy, and it is sweet, delicious, and fills the mouth with sugary flavor. Psychologists call this ‘conditioned response‘.
As you grew older, the pattern of receiving and spending money become stronger because it makes you feel happy. When you start earning money, the first thought that comes to your mind is, ‘how can I spend this money to get pleasure?‘
Because you develop a condition response that associates happiness with spending money, to make you feel happy. With this, the happier you are, the more compelled you become to spend money.
You spend money because, in your subconscious mind, you link the wire of happiness with spending. However, you can change this wiring and then reconnect the happiness wire with the ‘saving and investing’ wire.
Now, to strengthen this connection and get rid of your financial troubles open up a new financial freedom account in your bank and make a deposit every month. Saving money gives you self-control, and even makes you a little happier. Besides, you also need to set strict rules for this account, that you use this money only to gain financial freedom.
Therefore, the rule of financial freedom is to change your attitude towards money and pay yourself first.
Exercising In Morning Can Change The Way You Feel During The Day
It is important to exercise every day. To enjoy maximum levels of physical well-being, fitness specialists say that you need to exercise about 30 minutes a day or 200–300 minutes per week.
Morning exercise helps you to release endorphins a brain chemical that triggers positive feelings in the body. It also drives hyper-oxygenated blood into your cerebral cortex which is the part of the brain uses for thinking, analyzing, and decision making. This makes you alert and awake for several hours.
Even people who engage in aerobic exercise first thing in the morning are creative, brighter, and intelligent, but the people who exercise in the evening often procrastinate because they are too tired or have other things to do. Thus to live longer, morning exercising, and proper diet are the two vital elements for a healthy lifestyle.
To lose weight, you should eliminate three whites from your diet which include sugar, salt, and flour. Eating excess salt can cause your body to retain water to hold that salt and hinder in losing weight. However, the body will release excess fluid when you stop consuming salt.
Following this for the next six months consecutively, you will look better and feel happier.
Taking Care Of Your Two Valuable Assets
You can increase your earnings by investing in your most valuable assets which are skills and abilities. As everyone has the same amount of time, but how you use your time will define how much you earn.
In fact, your brain is like a muscle that you can train with deliberate practice. When you invest time and energy to learn a new skill, you improve your learning ability which increases your earning.
Therefore, Invest time in three self-improvement activities like reading books, listening to podcasts, and attending conferences of leaders in your niche. Hence, learn and grow every day and never miss a day.
You probably hear the 10,000 hours rule of Malcolm Gladwell from the book Outlier. In his book, Malcolm highlights that to become the master in any skill, you need to spend 10,000 hours of intense practice to achieve mastery.
So, if you work 8 hours a day, it takes you around 3–5 years to become superior to others. However, as you invest time, you also need to invest money to buy books, attend seminars, and listen to premium audios from leaders in your niche.
Use the rule of three–percent which means you should invest three percent of your income in improving your skills. For instance, if you earn 20,000 USD then your goal must be to invest around 600 USD to enhance your skill.
You should also unsubscribe the television subscription because sitting in front of the television all day makes you poor, lazy, unhealthy and physically unfit. Hence, stop watching television and invest your spare time to make yourself a better, happier, and smarter person.
No Excuses Review:
Well, if you want to read one good book to begin your journey of self-development, I would recommend No Excuses of Brian to gain knowledge in career success, building character, courage, calmness, finances, health, happiness, leadership, relationships, responsibility, and time management.
- Control your urge to spend money and start saving money, thus open a new financial freedom account and invest your money wisely.
- Success is a long-run game and without good health, there is no use of money, hence stop making excuses and make time for a workout.
- Skills and abilities are the most valuable assets you possess, hence invest your time, money, and energy to improve them.
Favorite quotes from No Excuses:
Talent Is Overrated ― Brian Tracy
You can make excuses or you can make progress. You choose. ― Brian Tracy
People invariably seek the fastest and easiest way to get the things they want, right now, with little or no concern for the long-term consequences of their behaviors. ― Brian Tracy
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