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The Secret Sauce for Winning

December 7, 2017 By The Humble Penny 5 Comments

To help The Humble Penny stay sustainable, this post may contain affiliate links. See our disclosure. Access ALL OUR COURSES (present & future), Regular Live Coaching (with Ken & Mary), Expert Masterclasses, Supportive Mastermind Community, Accountability and much more via our NEW Programme, the Financial Joy Academy (FJA) MEMBERSHIP Programme.

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The Secret Sauce For Winning

What does winning mean to you? Would you consider yourself a winner? 

The other day, our son Joshua randomly said, “Daddy, I don’t like competition”.

I have to admit to being startled at first but this got me thinking because I had to find a way of practically explaining what winning is to our 4.5 years old and how it relates to competition.

Here is my general high-level thought on winning –

In my mind, it is my ability to surpass well crafted and defined goals that I have set myself in relation to my life journey.

Having a clear idea of what winning actually looks like for your circumstance is critically important.

Many think of winning as purely beating another person, team or a competitor. And yes, it can be those things too.

However, as we all run individual races in our lives, this post focuses on the latter and can be applied to the former.

Here’s an example – Let’s say you are thinking about your life and believe that living healthily is the key to a long and fulfilled life.

Where would you begin? How would you measure your success? How will you know you are winning?

I read THIS GREAT BOOK a while ago and it encapsulated the “ABC OF Winning” into the acronym “OST”, which I have extended into a more memorable “POST” acronym for when we think about our daily life challenges and goals:

Purpose  Objective  Strategy  Tactics

Let’s dig into each one:

Purpose

This is all about answering the Why question. This is the most important question you could ever answer. Why do you dream about achieving a particular goal? And why does it matter to your life and that of others?

If you’re able to articulate and write your Why down (and I mean on paper using ink), then this sense of purpose will act as the fuel that keeps you going when things get tough.

In the above health example, the “purpose” would be “to achieve a long and fulfilled life”.

Objective

This is simply What you want to achieve or where you want to get to.

The key to setting effective goals is to make them broadly open and far into the future, but make them SMART (Specific, Measurable, Attainable, Relevant and Time-bound) as you work backward and re-engineer your success.

Focusing on the health example above, a SMART objective could be to ‘lose 10kg of body weight by the 31st December 2018’.

How high you set your goals is also another consideration. I personally don’t set mediocre goals and prefer goals that stretch me and will inspire.

You can set a goal in 3 zones –

i) the Comfortable zone (aka danger zone),

ii) the Uncomfortable zone (aka stretch zone), and

iii) the Crazy zone.

The sweet spot is to set it in the uncomfortable zone. I also make sure my goals are written down on paper and kept in a place that is visible.

This is so that I can see them daily and they remain fixated in my mind. Writing it down makes you commit to it.

It is only when you are absolutely clear about your objective(s) that you can then begin to design and execute a clear strategy to deliver on them.

Your objectives help you define What winning looks like.

Strategy

This is one of the most misused words in business. It is often confused with Objectives and sometimes with Tactics.

Crafting an effective strategy requires a Clarity of mind. For our Health example above, the Strategy for losing 10kg could be ‘Dieting’ (Eat less and exercise more).

Strategies should ideally be kept basic and simple. Your strategy is your How and helps give you a high chance of Winning.

Tactics

These are the actions or daily steps you put in place in order to deliver on your Strategy and achieve your Objectives.

For our health example, your tactics could include using an app to track your calories, keeping your running shoes by your bedside, doing a 5k run per week, visualising a slimmer version of yourself (if that’s what you desire) etc.

The tactics essentially help you call your intangible thoughts into the physical world as you are taking steps to make your goals a reality.

The need for an accountability partner and a Team is also of critical importance in achieving anything you set out to achieve.

A good mindset to have in this process is the discipline and mentality of ‘Always Be Closing‘ (ABC) and getting things done.

Of all these ingredients of Winning, Strategy is King. Like your objectives, they must be written down and repeatedly communicated with everyone who has an interest in what you are trying to achieve.

However, without Purpose, your efforts will be futile.

Grab this book called Winners: And How They Succeed for even more insights.

Related:

Life Changing Books I Love

The Power of Generosity and Why It Pays

How To Set and Smash Your Goals

 

What do you think? What objectives are you fired up about achieving in your personal life right now? please comment below.

 

Do please share this post if you found it useful, and remember, in all things be thankful and Seek Joy.

 

P.s. Explore our private membership program at Financial Joy Academy, where we have more than 25 courses and Action Plans created to help families achieve Financial Independence faster this decade.

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5 Comments Filed Under: Life hacks, Uncategorized Tagged With: Financial Freedom, Objective, Purpose, Strategy, Tactics, Winning

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About The Humble Penny

Ken and Mary Okoroafor are the founders of The Humble Penny and the popular Financial Joy Academy (FJA) MEMBERSHIP Programme - Their mission this decade is to help 10,000 Families achieve Financial Independence. Ken is a Chartered Accountant (ACA, ICAEW) with over 12 years of experience in the investment business. He holds an MBA from Cambridge University & has served as an Executive (CFO) for years. He is also a First Generation immigrant. Mary is a creative and digital specialist. A Londoner at heart with a passion for vegan food, travel & family life. Ken & Mary are parents and have two sons. More here

Comments

  1. Tabitha says

    December 7, 2017 at 11:55 am

    Lovely read and food for thought.

    Reply
    • The Humble Penny says

      December 8, 2017 at 12:31 am

      Thanks, Tabitha 🙂

      Reply
  2. Abu Bundu-Kamara says

    December 10, 2017 at 10:53 am

    Great post, Ken. And thanks for the book recommendation ‘winners and how they succeed by Alastair Campbell’. I’ll be buying this.

    Reply
    • The Humble Penny says

      December 10, 2017 at 12:09 pm

      It’s a brilliant read, Abu. Enjoy!

      Reply
  3. Ree says

    September 3, 2018 at 11:41 pm

    Great post! I love the way you define winning. It’s clear to see that comparing oneself with others whilst not having clear personal goals can make a person feel like they are not winning in life.

    Reply

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