Have you ever heard of the 10x Rule? It’s an intriguing concept that might sound crazy initially, but it’s quite an insightful idea. The 10x Rule is a mindset shift to help you succeed tremendously. Let me tell you a story about how this works.
One day, I told my wife, “I’m gonna write a book called The 10x Rule.” She asked, “What’s the 10x rule?” And I replied, “Basically, I’m gonna have half a billion dollars worth of debt the next time, and the bank will be my friend when…”
In 2008, I had three companies that were hit hard by the financial crisis. The first two got crushed, and the third one was just frozen. I went from being accessible to being trapped overnight, struggling with despair and confusion. But then I realized it was time to look at what I could have done differently.
I imagined a scenario where I had been ten times bigger than I was then. If I had been 10x more significant in 2008, I would have had a half-billion dollars in debt instead of just 51 million dollars. When the bank called me, they demanded the whole 51 million, or they would seize my property. But they wouldn’t have treated me that way if I had owed a half-billion dollars. They would have called me and asked, “How can we help you, Mr. Carter? We want to be sure everything’s alright.”
This imaginary scenario gave me a new perspective on the possibilities beyond my current situation. And that’s precisely what the 10x Rule is all about – imagining a world where you are 10x bigger, bolder, and better than you are today. It’s a mindset shift to help you think more significantly and dream up possibilities that may have seemed out of reach.
Now, it’s not just about dreaming. The 10x Rule is also about taking massive action. When you set goals 10x more significant than what you believe is possible, the journey to achieving that goal will be much different than if you put a smaller, more incremental goal. You’ll need to plan bigger, work harder, and be more committed to the process. But the rewards can also be much more significant.
This is where my personal experience comes in. When I decided to write my first book, I set a goal to sell 10,000 copies in the first year. I thought that was pretty ambitious, but it was also something I felt confident I could achieve. But what if I had set a goal to sell 100,000 copies in the first year? That would have been a much bigger goal, but it might have also inspired me to take action, work harder, and focus more on executing my plan.
The 10x Rule is not just for entrepreneurs or business leaders – it can be applied to any area of your life where you want to achieve tremendous success. Maybe it’s your health, your relationships, or your personal development. How can you set a goal that is 10x bigger than what you believe is possible? And what action steps can you take to get there?
Ultimately, the 10x Rule is about having a growth mindset and pushing yourself to achieve more than you ever thought possible. It’s not an easy journey but rich in rewards and a sense of accomplishment. So, what are you waiting for? Let’s start thinking 10x more and make those big dreams a reality!
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Summary of Transcript:
The video is a summary of Grant Cardone’s book called “The 10X Rule.” The 10X rule is about having big goals and taking massive action toward them to achieve success. Cardone explains that the 10X Rule is about getting 10 times bigger and achieving success ten times faster. He shares his experience of having three companies crushed in the 2008 crisis, leaving him with a 51 million-dollar debt. He realized that if he had aimed for 10 times more significance and had half a billion dollars in debt, the bank would have been his friend and helped him during the crisis.
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Summary of Description:
The content is about the origin of the 10X Rule and the process the speaker went through to create it.
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Source Description
#10x #dream #shorts
How I came up with 10X –
This is how I came up with the 10X Rule…
