One of the books that had a really big impact on me was a book by the cartoonist behind Dilbert – Scott Adams.
The book basically goes through his various failures, how he overcame them and ended up being wildly successful.
Along the way he espouses a few principles that are particularly relevant for those of us seeking to become financially independent. The one that resonated the most with me is that…
…one should have a system instead of a goal. The system-versus-goals model can be applied to most human endeavors. In the world of dieting, losing twenty pounds is a goal, but eating right is a system. In the exercise realm, running a marathon in under four hours is a goal, but exercising daily is a system. In business, making a million dollars is a goal, but being a serial entrepreneur is a system.
In FI terms saving more than you spend is a system. Trying to save a specific figure is a goal. Both have value but the system results in long-term habits that consistently move you forward.
For our purposes, let’s agree that goals are a reach-it-and-be-done situation, whereas a system is something you do on a regular basis with a reasonable expectation that doing so will get you to a better place in your life. Systems have no deadlines, and on any given day you probably can’t tell if they’re moving you in the right direction. My proposition is that if you study people who succeed, you will see that most of them follow systems, not goals…
For me, this book was really valuable as it reinforced the importance of mindset. I’m not naturally frugal and have had to work at it. However, being frugal has become a system in my life and now I get a buzz every time I choose not to waste money.
“Goal-oriented people exist in a state of continuous pre-success failure at best, and permanent failure at worst if things never work out. Systems people succeed every time they apply their systems, in the sense that they did what they intended to do. The goals people are fighting the feeling of discouragement at each turn. The systems people are feeling good every time they apply their system. That’s a big difference in terms of maintaining your personal energy in the right direction.”
Definitely worth a read. Try your local library!