A friend read a story in the newspaper about how the long-struggling housing market was showing signs of a recovery. For my friend, however, that news brought only frustration.
“It’s not recovering,” he said, “until my house sells.”
My friend had gone through a divorce he didn’t want and ended up with a home he no longer lived in, didn’t need, and couldn’t sell. So when you asked him how he viewed the housing market, he saw it through the lens of the You Economy.
Like my friend, most of us are far more interested in our personal economy — the You Economy — than the economy at large. The economy is impersonal. Your economy is personal. As I explore in my new book, Up, Down, or Sideways, both economies impact our chances for success.
The You Economy and the world’s economy aren’t always in sync. You can be Up when the world is Down, or Down when the world is Up. And like the world’s economy, the You Economy isn’t always predictable. However, it is marked by at least three things that we all should understand:
Dumb Luck — the times when you do the wrong thing and it still works out.
Informed Misfortune — the times when you do everything correctly and things still fail.
Sustainable Success — the results you get by consistently adopting the right mindsets and practicing the methods that are important, regardless of whether times are Up, Down, or Sideways.
The lesson: Don’t grow frustrated in times of Informed Misfortune, don’t feel empowered during times of Dumb Luck, and never take for granted the things that give you the best chance at Sustainable Success.
This blog is based on content in my latest book, Up, Down, Or Sideways. It is available wherever you buy great books. Click here to learn more about the book or click here to order it from Amazon.com.