Higher Performance Insights | The Ten Percent Solution to 100% of Life
On a rainy Saturday in May, three friends walked into a barber shop and learned a timeless principle from Roy, the barber: "Invest ten percent of all you make for long-term growth." [1]
At first glance, it seems almost too simple, but Roy’s story is a testament to its transformative power.
Thirty-five years ago, Roy began saving ten percent of his income, diligently investing it in an equity-oriented index fund. Despite starting with modest means, his consistent dedication paid off. As his income grew, so did his investments, compounding over time and ultimately transforming him into a self-made millionaire.
This principle is not just about building financial wealth; it's about intentional investment in every aspect of life. Imagine if you applied this mindset to yourself, your family, your team, your systems, and your community. Consistent, intentional investment in these areas can generate compounding success over time.
David Chilton, in "The Wealthy Barber," emphasizes the power of paying yourself first. You prioritize long-term growth over short-term wants by automatically setting aside ten percent of your income for investments. This isn’t about quick wins but steady, incremental progress.
The ten percent solution is a strategic approach to sustainable success for executive teams. It means fostering a culture of continuous improvement and intentional growth within your institution. Investing in your team's development, enhancing operational systems, and nurturing community relationships creates a ripple effect that amplifies success across all areas.
Adopting this ten percent solution cultivates a habit of intentional growth, enriching every facet of your life and work. The principle is simple, and the impact is profound.
Team Discussion Question
How can the Ten Percent Solution apply to your work and team dynamics? Consider personal development, team collaboration, system improvements, and community engagement. How can small, steady investments in these areas lead to long-term, compounded success for your system? Where would be an easy place to start?
Research suggests leadership teams perform at just 60% of their performance potential, leaving a massive 40% on the table. That discretionary effort becomes the make-or-break point for campuses nationwide. This is the dilemma between genuine campus engagement and the dragging lag of campus inertia.
My latest book,
CANCELAVERAGE: A Practical Guide to Accelerating Higher Team Performance, is a blueprint for this new standard. It's an invitation for leaders ready to lead with courage, challenge the status quo, and replace 'best practices' with something better.
If you're eager to move from busyness to brilliance, take advantage of the 2024 Graduation Special today! BOOK A KEYNOTE now through 6/30/24, and you'll get 10 copies of the new #CancelAverage book!
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Click the link, BOOK A KEYNOTE, to sharpen your team’s performance advantage today!
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