6 Mental Frameworks That Separate You From The Rest | Ep 322
15m 32s
The key principles shared in the transcription focus on developing a top 1% mindset. This mindset involves simplifying thoughts by avoiding binary thinking and embracing conflicting truths with "and" statements. Inversion thinking shifts the focus from success to avoiding failure, while sunk cost fallacy warns against sticking with bad decisions due to prior investments. Constraint thinking highlights the importance of identifying and addressing limiting factors for growth. Emotional regulation is crucial for clear decision-making, and time horizon anchoring stresses the need to stick with a plan despite setbacks. By applying these frameworks and principles, individuals can cultivate discipline in thinking less and acting more effectively.
Transcription
3574 Words, 19378 Characters
What if I told you that thinking like the top 1% has nothing to do with being smarter?
Here's the truth. I grew a multi-million-dollar business from nothing but training my mind
to think less, not more. I'm going to give you the six mental frameworks that separate
the doers from the thinkers, but here's the catch. At the end, I'm going to test you to
see whether you're actually ready to think like the top 1% or you're addicted to complexity
and overthinking just like everybody else. Here's the first framework that's going to piss off
every productivity guru and person who worships them. Okay, most people, they see the world in
black and white. Success or failure, good or bad, quit or continue. Real life is messy,
is nuance, is not perfect. The quickest way to think more clearly is to avoid binary thinking.
Okay, this single mindset shift saved me years of wasted effort and honestly so much turmoil.
The top 1% they use and not or. Okay, they hold conflicting truths simultaneously.
I'll give you some examples. This person screwed up and they've done good things.
This plan is painful and it might still work. I'm scared and I can still do it. This launch
flopped and it taught me what to fix and leaves room for nuance and prevents you from blowing up
your life just because reality is messy. The hardest and that I've had to hold is I'm successful
and I'm still figuring it out. For the longest time, I used to think to myself that if I did
anything to conflict with the person I wanted to be, with being successful, with being perfect
in somebody else's eyes, that I was a bad person. And so a mantra that I started saying to myself
was I would say, "I'm a good person and I do bad things sometimes." And it sounds silly and
ridiculous, but it was probably one of the most relieving things I could have ever done for myself
because I held myself to this unrealistically high standard and it's just like created a huge
level of relief for me. It's also allowed me to have more clarity of thought. So what you want to do
is you want to start using and statements in your hardest moments. I feel like giving up and
I can take one more step. This is harder than I thought and I'm still learning and I will continue
to learn. Thinking in and builds mental flexibility. It can give you clarity and it also gives you
emotional resilience because when we speak with oars, we also make ourselves feel worse than we
already feel. This next framework will make you realize why you're stuck in these mental loops.
Inversion thinking. The top 1%, the people with the biggest businesses, the most money,
the best in shape bodies, the strongest relationships, they don't focus on how to win.
They actually focus on how to avoid failure. Most people believe that if they just think more,
that they're going to make better decisions, that they're going to make more money, that somehow
their life is going to get better. As if there's some level of genius that you unlock through
like over analysis, like suddenly you're going to become like Warren Buffett overnight, right?
Like, okay, if I think enough each day, I'm going to unlock perfect solutions. I'm going to have the
best life ever. I used to think this way. I used to think that planning and obsessing meant that
I would be more prepared to take action. But actually, all that extra thinking actually makes
you worse. And here's why. Okay, one, overthinking fuels overconfidence bias, making you believe
that just because you've crafted this incredibly detailed, flawless plan that it's actually going
to work and that it will work better because you thought about it more. That's not true at all.
In fact, it just makes us feel better. It doesn't actually mean that we will do better.
The second reason is it causes confirmation bias where you selectively gather reasons to justify
what you already want to do. So here's what the thought thinking productivity industry won't
tell you. Overthinking is procrastination dressed up as productivity. My biggest breakthroughs came
from asking one question, which was how could this go wrong? Inversion of thinking flips the
question from how do I succeed to what would guarantee failure? And so it's easier to spot
failure patterns than to predict success. That's because avoiding the pitfalls increases your
odds drastically. So let me give you an example of this, okay? Building a hundred million dollar
business. Instead, I say, what would guarantee that I fail at building a hundred million dollar
business? I would hire incompetent people. I would have no technology to support growth.
I would treat people like those are all the things that I would have to do to fail. And so
how do I succeed? I do the opposite of those things. And so that's why inversion thinking is such a
great unlock because you essentially take the things that would create the failure and you turn
them around, which is what creates success. So you want to stop trying to think your way to success
and start thinking your way around failure. The next time that you're planning something,
ask yourself, what would guarantee that I fail at this? And how do I avoid those specific traps?
If you're a chronic overthinker, the inversion framework is for you. I have a somewhat controversial
opinion, which is I think that most people are addicted to their own suffering. Okay, sunk cost
fallacy. This is when you stay committed to bad decisions because you've already invested time,
money or energy, even though the thing no longer makes sense. Most people, they stay stuck with
bad decisions, not because they're working, but because they don't want to waste what they've
already put it. Okay. So for example, I spent two years of my life building a product I knew
wasn't working. I knew that the market didn't really want it, but I'd already invested so much
of my time into it. I didn't end it soon enough because I was protecting my ego rather than my
future self. And I remember the day that I said like, I cannot do this anymore. This is not the
right thing. Like if I were to start from zero today, I just wouldn't build this. And it was the
most freeing day of my life. And it was when everything changed for me. I said, if I can get
rid of this business that I put two years of my freaking life into, I can get rid of anything
because it doesn't matter. It's not for me anymore. And so if you're a top 1% thinker,
you ask yourself this question. If I had nothing invested in this thing, would I still start this
today? Would I still be with this person today? Would I still pursue this path today? Would I
still make this decision today? If the answer is no, it's time to pivot or walk away. Another
example I can give you, you might relate to this. When I was 23, right before I met Alex, I got a
dog. Love the little dog. Sweet little dog. I want a dog for so long. I love that dog. And then I
started a business year later. And all of a sudden, all the joy that that dog gave me was replaced by
all the stress of having to travel and then having someone to take care of it. And then
him hating them away all the time, all these things. And I remember about 11 months in,
I asked myself, if I didn't already have the dog, would I get a dog today? And the answer was no.
So what did I do? I found him a family with kids in a yard and I gave him away to those people.
Sometimes I make moves like that. They might look harsh to people on the outside,
but it's because I ask myself that question. It's like, what's going to serve me today,
not what served me yesterday. And the top 1% of people, they understand that sunk costs
are the price of learning. There is no reason to keep suffering. There's no reason to keep
all this baggage from the decisions that you made and the life that you had years ago.
Sunk cost is not a valid reason to continue suffering or to continue with a decision that
you know is no longer serving you. But here is where 90% of entrepreneurs waste their time.
Most people, they try to improve everything at the same time. And then what happens is that you
dilute your focus, you slow down results, and you don't actually able to break through on
any one thing because you don't have enough attention towards any one thing. And that is the
opposite of clear thinking. So many people waste hours overthinking simply because they do not know
how to identify a bottleneck. A bottleneck is the one limiting factor that constricts all of your
growth. Okay. And so what happens is like most people waste their time optimizing parts that
aren't the constraint, either because they're good at them, because they like them, because they
want to avoid the thing that's the real constraint. It's kind of like when people go on a diet. I
saw a girl the other day, she literally was like, I'm doing 90 minutes of fasted cardio a day.
I'm hitting the gym in the afternoon, my trainer, I'm doing this, I'm doing that. And I was like,
so are you losing weight? And she was like, well, no, because like I tend to like binge at night.
I'm like, girl, the hell, if you just stop binging at night, you wouldn't even need to do
fasted cardio or go to the gym, you would just lose weight immediately. And so it's in business
the same way. I see a lot of people, they're like, I'm optimizing my customer service. I'm
optimizing my finance function. I built this new spreadsheet. I have this IT and I'm like,
okay, but your real constraint is that you don't know how to sell your product. So why the hell
are we not going all in on understanding sales? At acquisition.com about 18 months ago, I realized
our constraint was not our brand. It was not our sales. It was not our product. Our constraint was
finding the right talent to find the right people to fill the roles we needed to scale. So once I
realized this, I stopped obsessing over everything else in the business. In fact, I told my whole
team the next two months, all I'm going to do is focus on recruiting. And so all I did, I cleared
my calendar, it reflected my priorities. I focused entirely on recruiting. Everything else was a
distraction to me. And so constraint thinking is how you create breakthroughs instead of incremental
improvements in your business. I use this same theory with myself. If I'm trying to improve my
health, my happiness, my relationships, I think to myself, what's the constraint? And it usually
means that you want to get rid of something or change something drastically rather than optimize
all these little parts around it. So for example, if you're thinking about a relationship, you can
find the constraint in a relationship for sure. I remember at one point in my relationship with
Alex, it was easy for me to identify the constraint because everything would be really good until he
would do something that I didn't like. And then I would cold shoulder him. And then that would create
like anywhere from a couple of days to maybe like a week of tension. It's like a decade ago. And then
I realized that looking at a relationship, the only times that I really felt like it was not a
good relationship were in those times where I was cold-shouldering him. So I said, okay, well,
what would it take for me not to cold shoulder and to open up and to do all these things? And I
tackled that. I didn't try and like, oh, can I make him dinner? And can we do this? And can I give
up? No, all they needed to do was just like stop acting like a child in those moments. And that
will probably make the relationship a lot better. And improving things doesn't actually come from
doing more. It comes from doing the right thing in the right sequence. So you want to ask yourself
this, what is the one constraint holding everything else back for you? The one thing that if you
change will give you the most leverage. What is that real bottleneck? And I'm going to tell you this,
it's probably the thing you're avoiding. It's probably the thing you're avoiding because it
would be the hardest thing. But the hardest way is also ironically the easiest way to change.
And most people avoid their real constraints because they are the hardest problems to solve.
Okay, I want you to stop right now. Stop the video if you need to. I want you to take a breath.
And I want you to notice how you're feeling, because this next part is only going to work
if you watching this are feeling emotionally regulated. I used to make decisions when I was
emotional till I realized this. When your emotions spike, so do all the errors in your decision
making. Emotions are the top reason that we cannot think clearly, especially when stress,
fear, urgency, they all cloud our judgment. What emotions do our thinking, right? One,
when we're in a state of fear, it amplifies loss aversion. So you usually do twice as much
to avoid losing than you will to try and win, right? So if you're growing a business, but
you're really scared, I always tell people, like, are you playing to win or playing not to lose?
Because like, if I'm playing not to lose, you're probably not going to win as big as you really
want to. Another one is stress. What does stress do to us, right? When we're stressed, when we're
anxious, when we feel wound up, it makes us short-sighted. We essentially will sabotage
whatever we want in the long term to get that short-term relief. It's kind of like if you go
on a diet, but you've been like, you stress eat, and then it's like, oh, I really want to eat that
piece of cake, but I really want to like lose weight. It's like, you'll eat the cake because
it immediately relieves your stress rather than you having that body that you've always wanted.
And the last one is anger. Now, what is anger? Anger makes us react, right? So we will do things
really fast that we usually regret later. So there's a rule that I've made for myself, and I
want to give this rule to you guys. If I feel emotional, I do not make a decision. And I say this
to myself, I say it to others. I only make decisions when I feel content. If I'm angry
about something in my business, don't make a decision. If I'm angry with a person,
don't make a decision. If I'm angry with myself, don't make a decision. It doesn't matter. When
I'm anxious, when I'm stressed, like all the emotions, I just will not do it. So I only decide
when I'm content. Content means I don't feel urgency. I'm not in state of fear. I'm not feeling
wound up or anxious, and I'm not feeling stressed. Now, I know what a lot of people say, which is
like, well, Leila, I've got this feeling or intuition or fear or something, it's quiet,
it's persistent, it's day after day. Okay, that may mean that your brain is signaling something to
you like, hey, I'm trying to show you this thing because we've had past experiences where something
like this has occurred and I want you to remember so you can avoid it again. Sometimes that's what
happens, right? But if it's sudden and it's overwhelming panic, fear, anger, that is just
an emotion that you want to let go through your body and come out of your body until your call.
Okay, so I can give you an example, which is we had a business and they really wanted to do a deal
with us. And they essentially said, if we got the deal done in the next couple of weeks, that they
would give us the deal for $5 million less. And I remember someone in the company called me,
they told me this, and I immediately, I felt panicked. Now, why did I feel panicked in the
moment? And I said, okay, I can't make this decision today. They're like, well, we were on a timer.
They said we could save it's $5 million. We would save them. That's a lot of money. And I was like,
yeah, hurt, but I feel really not good right now. And I don't know why. So I said, I need to sleep
on it. So I slept on, I woke up the next morning, and I realized why I was like, I'm not aligned with
the founder. I actually don't want to do this deal. This founder reminds me of this guy who f*** tanked
his business. And you know, it's funny is that it was the best deal that I ever didn't do because
that guy burnt his business to the ground, which I found out two years later. And if I had in the
moment been like, Oh my God, I feel panicked, like I need to do this deal. And I had done it,
it could have led me, you know, going down with that guy. It took me saying, okay, I'm panicked
way today. But now that the panic has subsided, I can tell, oh, there's something here. It's not
just me in stress and panic. And then I can ask myself, okay, what do I want to do with this
information? So the next time that you're feeling emotional, you want to tell yourself, if I feel
emotional, I don't decide. And if somebody asks you to make a decision, and you feel rushed,
you feel panicked, you feel stressed, you feel angry, you just tell them, I don't make decisions
quickly. Sometimes we just make decisions because we're like, I just want to get it over with.
That's not a good reason to make decisions. We don't want to just get it over with the emotions
are going to subside no matter what. And so we want to make sure that we wait for the clarity,
not for the emotion. Okay, so here's the final framework that separates the top 1% from everybody
else. This is time horizon anchoring. Okay, here's the brutal truth of why most people fail. If you
want to win, you need to think on a time horizon longer than anybody else, your brain will panic
the moment that progress slows or something goes wrong and you need to not listen.
The top 1%, they win not because of how hard they play, but because they have how long they play.
99% of people lose because they cannot stick with the plan long enough for it to freaking work.
Okay, your brain, it has recency bias. So it overweighs whatever just happened. So the moment
that the plan feels hard or boring or something really bad happens, your brain says, maybe things
have changed. You know, it's looking pretty rough right now. Maybe I do need a new plan. You know
what this business, why am I even doing this anyways, right? Maybe this doesn't work anymore.
You know, I can get a guy better than him. Maybe this was never even that good in the first place.
Look at all this shit I got to deal with nine out of 10 times. Nothing has changed. It just
got really hard for a minute. The real advantage of the top 1% isn't thinking of better plans.
It is sticking with the current one long enough for it to work. And so you want to override
that recency bias with one simple rule. The plan works until the data proves it doesn't.
No feelings. No, like I'm bored. No, I'm a tar. No, it's difficulty. Just data. Follow the evidence,
not your feelings. Thinking does not equal progress. So here's your challenge. For the next seven days,
every time you catch yourself overthinking, ask yourself one of these questions instead.
How could this fail? Can I use and instead of or would I start this today? What's my real constraint?
Am I emotional right now? Is my timeline realistic? The difference between the top 1% and everyone
else is not intelligence. It is the discipline to think less with better frameworks and act more.
So if you liked this video, you can subscribe to my channel and check out my next video.
Podcast Summary
Key Points:
The top 1% mindset is about simplicity, avoiding binary thinking, and using "and" instead of "or" for conflicting truths.
Inversion thinking focuses on avoiding failure rather than seeking success.
Sunk cost fallacy leads people to stick with bad decisions to avoid wasting previous investments.
Constraint thinking emphasizes identifying and addressing the one limiting factor for growth.
Emotional regulation is crucial for clear thinking and decision-making.
Time horizon anchoring involves sticking with a plan long enough for it to work, overriding recency bias.
Summary:
The key principles shared in the transcription focus on developing a top 1% mindset. This mindset involves simplifying thoughts by avoiding binary thinking and embracing conflicting truths with "and" statements. Inversion thinking shifts the focus from success to avoiding failure, while sunk cost fallacy warns against sticking with bad decisions due to prior investments.
Constraint thinking highlights the importance of identifying and addressing limiting factors for growth. Emotional regulation is crucial for clear decision-making, and time horizon anchoring stresses the need to stick with a plan despite setbacks. By applying these frameworks and principles, individuals can cultivate discipline in thinking less and acting more effectively.
FAQs
Avoid binary thinking and embrace nuance.
It shifts focus from how to succeed to how to avoid failure, leading to better decision-making.
It can lead to sticking with bad decisions due to past investments, rather than focusing on what's best for the future.
It helps identify and address the one limiting factor that constricts growth, leading to breakthroughs.
Emotions can cloud judgment, leading to errors in decision-making; decisions should be made when emotionally regulated.
Success comes from thinking on a longer time horizon and sticking with the plan despite challenges or setbacks.
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