This is the Law number 11 – The Law of Tradeoffs. As read and understood by me. This is one of my favorite laws. THE LAW OF THE TRADEOFFS You Have to Give Up to Grow Up
People will cling to an unsatisfactory way of life rather than change in order to get something better for the fear of getting something worse – Eric Hoffer
The Next Step What will it take for you to go to the next level in your potential? Vison? Yes. Hard work? Yes. Personal Growth? Definitely. How about letting go of some of the things that you love and value most?
- What are you willing to give up to go up to the next level?
- What will you have to give up?
- Not being willing to give up something is a key reason why most people do not ever reach their potential
The Truth about Tradeoffs Life has many intersections, opportunities to go up and down. At these intersections we make choices, we can add, subtract from life or exchange something we have for something we don’t Tradeoffs are available to us throughout our lives Everybody make trades throughout life, whether they know it or not.
- Unsuccessful people make bad tradeoffs
- Average people make few tradeoffs
- Successful people make good tradeoffs.
We must see tradeoffs as opportunities for growth “We may not always get what we want; we always get what we choose.” Two questions to ask in evaluating tradeoffs: What are the pluses and minuses of this tradeoff? Will I go through this change, or grow through this change?
A sign of wisdom and maturity is when you come to terms with the realization that your decisions cause your rewards and consequences. You are responsible for your life, and your ultimate success depends on the choices you make – Denis Waitley
Tradeoffs force us to make difficult personal changes
- “When you want something you have never had, you have to do something you have never done.” Otherwise you keep getting the same results.
- Change is always possible, so remember these truths about change:
a. Change is personal – To change your life, YOU need to change b. Change is possible – Everyone CAN change c. Change is profitable – You will be rewarded when you change
When we are no longer able to change a situation, we are challenged to change ourselves. – Victor Frankel.
Consider these three truths about the timing of change:
- Changing when you have to gives you a win
- Changing after you have to leads to a loss
- Refusing change is death to your potential
The loss of the tradeoff is usually felt before the gain
- This is one of the reasons people fear change – it just might hurt a bit
- It is said, “Nature abhors a vacuum;” the same is true about our own spirits, but the transition time between the change and the fruit of the change can be a powerful formation time toward our maturity.
Most tradeoffs can be made at any time
- Tradeoffs such as better health, better habits, and more education can be done along the way.
- It is rarely ‘too late” to make the change
Though no one can go back and make
a brand new start, my friend,
Anyone can start from now
And make a brand new ending.
– Carl Bard
A few tradeoffs come only once
- This is critical to developing your own potential
- Missing a possible one-time tradeoffs may mean you change many great plans
The higher you climb, the tougher the tradeoffs
- Many people stop growing because they have reached a height for which they are no longer willing to work to get higher.
- The skills that got you to where you are right now are not the skills that will get you to the next level.
- Consider your own potential – What will it feel like to tradeoff to get to your next level?
“The price of anything is the amount of life you exchange for it.” – Henry David Thoreau
Tradeoffs never leave us the same
- The “fear factor” of change is that I may have to be different – yes, you will.
Don’t fear failure so much that you refuse to try new things – Could have, might have and should have.
- Consider if where you are is where you want to remain? That is the change to be different.
Some tradeoffs are never worth the price
- These are the tradeoffs that will damage, harm or even ruin an entire life.
- This is why we learn the law of delayed gratification when we are a child
- This is the value question for all of us.
Tradeoffs worth Making Financial security for potential tomorrow
- There is no future in any job. The future lies in the man who holds it.
- If you have even lost a job, how secure were you on the day before you were notified?
Giving up immediate gratification for personal growth – when it comes to growth and success, immediate gratification is almost always the enemy of growth. Willing to give up the fast life for the good life
- Reflect on these suggestions to help focus your life:
- What can you delegate to others?
- Do what you do best, and drop the rest
- Control your calendar, or someone else will
- Do what you love, because it will give you energy
- Work with people you like so your energy is not depleted.
Give up some security for significance
- No one will ever achieve their potential while remaining is a “safe” place.
- Being significant means taking chance on others as well to help them find their potential.
Willing to give up addition for multiplication
- Be willing to lead leaders who will lead, not just followers who will follow
- Seek partnerships and collaboration for doing just about everything
- Share, not hoard resources and knowledge with others
- Find ways to make sure the credit for achievement is shared
- Be a conduit for blessings, not a reservoir of assets.
REMEMBER YOU CAN’T DO EVERYTHING – “He who would accomplish little must sacrifice little; he who would achieve much must sacrifice much” – James Allen