Friday, October 14, 2011

How To Get Lucky In Life!

This post is from the excellent book: How to Get Lucky: 13 techniques for discovering and taking advantage of life's good breaks.

Here are his 13 tips to turn your luck around:

The First Technique: Making the Luck/Planning (skills) Distinction

When a desired outcome is brought about by luck, you must acknowledge that fact.
 If you confuse luck with planning, you will all but guarantee that your luck, in the long run, will be bad.
This is a very common problem in financial markets and business where distinction of luck and skills is non existent. So people gloat over success when they were plain lucky and luck runs out after a few innings.

The Second Technique: Finding the Fast Flow
Go where events flow fastest, surround yourself with a churning mass of people and things will happen.
It doesn''t matter if you are a quiet person; all you need to do is meet a lot of people and let them know who you are. Then they will direct opportunities your way.
Put in a different way try different things and get exposed a lot.

The Third Technique: Risk Spooning

There are two ways to be an almost sure loser in life.
One is to take risks that are out of proportion to the rewards being sought. The other is to take no risks at all. Lucky people, characteristically, avoid both extremes.
So basically take bets which are in your favor but don't leverage yourself, so you need to have the staying power.

The Fourth Technique: Run Cutting
Always assume that a run of luck is going to be short, never try to ride a run to its peak. You will virtually always be right as the law of averages is heavily on your side.
If you have good profits on your investments expecting the same investment to outperform is foolhardy.

The Fifth Technique: Luck Selection
Is there some likelihood that the problems with your investment - whether it be time, money or love - will go away? Do you have some realistic hope of fixing them? If so, you should stay aboard. If not, you should get out and look for better luck elsewhere.
Basically cut your loses when you look at insurmountable odds. Do not have cavalier attitude.

The Sixth Technique: The Zigzag Path
Despite what many people think the path to success is rarely a straight line. Lucky men and women, on the whole, are not straight-line strugglers. They not only allow themselves to be distracted, they invite distraction. A plan should be used as a guide only and if something better comes along the plan should be discarded immediately without regret.

The Seventh Technique: Constructive Super naturalism
Not because it makes you more lucky but because it helps you make impossible choices. Sometimes there is no rational choice to make, yet the worst reaction is to do nothing.
A supernatural belief can enable people to get into a potentially winning position simply by helping them make choices.

The Eighth Technique: Worst-Case Analysis
Lucky people, as a breed, tend to be pessimistic. Optimism means expecting the best, but good luck involves knowing how you will handle the worst.

The Ninth Technique: The Closed Mouth
Talk can tie you up and lock you in positions that seem right today but may be wrong tomorrow. Avoid unnecessary talk about your problems, plans and feelings. When there is no good reason to say something, say nothing.

The Tenth Technique: Recognising a Nonlesson
There are experiences in life that seem to be lessons but aren''t. Recognise when something was just bad luck and move on.

The Eleventh Technique: Accepting an Unfair Universe
All of us, the good, the bad and the in-between, are all equally likely to realize our fondest dreams or contract cancer.

The Twelfth Technique: The Juggling Act
The more activities you have going the greater the likelihood that something good will happen.

The Thirteenth Technique: Destiny Pairing

This is someone who is someone who changes your luck over a long term. This person is not necessarily a romantic partner and is usually just found by blind luck but it can help if you are actively looking.

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