Most entrepreneurs define “hustle” as working harder and longer than the other guys, to ensure they get ahead. Many of you mistakenly think hustling is the secret to wealth and success. Too many entrepreneurs are overtly proud of their hustle, even though they aren’t achieving the results they want. They’re proud of themselves for working their faces off, and they’re in denial about how pointless their hard work actually is. The truth is that even the best hustlers don’t retire rich.
Your fast-paced hustle is powerless if you don’t first implement a valuable strategy to work smarter. Pace without purpose is pointless. If you don’t know what you’re doing, you’re just wasting your time. Instead of pulling all-nighters hoping something you do will yield results, you must start focusing on deciphering what’s working. This way, you can focus your energy on those exact strategies that have the biggest impact and yield the most results.
Nobody cares about your all-nighters or your hard work. People only really care about results. If being a hustler was the secret to success, we wouldn’t know so many broke hustlers. We wouldn’t see all of these poor hustlers who work 80 hours per week, yet still aren’t making the grade A money they want to make. Here are 7 reasons why hustling won’t make you rich, and 7 examples of what will:
1. Time Spent Thinking Is More Valuable Than Time Spent Hustling
How much time do you spend just thinking instead of doing? If you’re too busy spending your time hustling, you’ll never put aside time to just think. The human mind is incredible if it’s given room to brainstorm and think. If you schedule thinking time for yourself, you’ll be able to solve problems, get creative and come up with excellent ideas and strategies. Becoming wealthy and successful is an intellectual sport, so you must possess the ability to think. During your thinking time, ask yourself high-quality, deep and profound questions.
A hustler’s fast-paced lifestyle doesn’t allow for thinking time, which is what’s actually needed to succeed. Recharge the power of your creative mind by slowing down, sitting still, and letting your brain work its magic. Ideas don’t come to you when you’re actively busy. Great ideas come to those who think.
Thinking time will allow you to figure out how to do more with less. The more you think, the more thoughtful and strategic you’ll become, allowing you to put forth minimum effort with maximum results.
2. If You Master the Power of Elimination, You’ll No Longer Need To Hustle
The most successful entrepreneurs are the ones who are able to identify what is worth their time, and eliminate all useless activity. Wisdom is knowing what not to do. A wise person who has mastered the power of elimination is much less likely to waste his or her time. Wisdom is knowing when you don’t have to do spend time working on something, because you know the effort won’t yield significant results.
The smartest and most strategic entrepreneurs know exactly what works, and they eliminate the rest. They’re aware of and focus on the few tasks that are worth their time. The power of elimination is what gives you back lost time that can be used to create systems that generate real revenue.
3. Hustlers Don’t Understand The 80/20 Rule
When it comes to identifying the efforts that are worth your time and eliminating the rest, understanding the 80/20 rule is crucial. The 80/20 rule states that 80% of positive outcomes can be attributed to 20% of your efforts.
20% of your hard work and activities can therefore produce 80% of your results if you know what you’re doing. When you identify what that golden 20% consists of, you’ll no longer need to hustle or work 15 hours per day. I highly recommend that you read The 80/20 Principle by Robert Koch. In this book, Koch explains how the 80/20 rule can help you win in business, and he outlines why some practices are much more important than others. Hustlers don’t seem to understand that most of their efforts are wasted. Hustlers must start taking notice of which activities are actually producing the majority (or 80%) of their results.
4. Hustling is Not a Sustainable Practice
Hustling is not sustainable. Pushing yourself to the point of exhaustion will only hinder your success in the long run. Speaking of long runs, If you run the first 5 miles of a marathon at blazing speeds, you probably won’t have enough energy to do anything except crawl lethargically for the rest of it.
When you hustle too hard and burn out, your business will suffer. Exhaustion robs you of time, productivity, and creativity. You know exactly how it feels when you are running on empty – tasks take longer, you make mistakes, and the solutions just seem harder to find. You’re not getting ahead by outworking everyone else and working more hours per day than your competition. You’ll get ahead by working smarter than your competition. You’ll get ahead by getting enough rest each day to maintain a high-functioning brain. Remember that hard workers are a dime a dozen, and if hard work was enough to get rich, the world would have a lot more rich people.
5. You Have To Work Smarter, Not Harder
You’ve heard the saying, “it’s not about quantity; it’s about quality” before, right? Of course you have. Well, that principle applies to the hustle as well. It’s not about the quantity of hours worked – it’s about the quality of the work. You don’t have to work harder, you just have to work smarter. The issue isn’t the number of hours you commit to – it’s all about what you’re doing during those hours and the strategies you’re implementing. If your strategy isn’t working, all those hours devoted to it are worthless.
When I turned my six figure income into a nine figure income, it wasn’t because I started working 10 times harder. I simply started working 10 times smarter, and I started thinking 10 times harder. If you’re an entrepreneur, it’s already assumed that you work hard. Working smart, however, makes all the difference.
6. Experimenting Often Contributes More To Your Success Than Your Hustle
Wise people are wise because of their experience. In the business world, experimenting is one of the best kinds of experience. You should experiment with different strategies, different marketing campaigns and different ideas. You’ll quickly see what produces real results.
Growth hacking, a popular business term coined by Sean Ellis, is a systematic way of coming up with growth ideas, testing them, and learning from the results. Growth hacking proves that experimenting really is valuable in business. Eventually, via experimentation, you’ll stumble upon the best way to grow your business quickly.
7. Leverage Will Make You Rich Much Faster Than Hustling
Leverage is what makes people rich, not hustling. Leverage is about using other people’s time, other people’s money, other people’s knowledge, other people’s skills and other people’s resources.
Instead of hustling and using up all of their own time, rich people use leverage. Leverage is the key to achieving 10 times more impact, 10 times more quality and 10 times more value. Leverage helps you create more value in a shorter amount of time.
You wouldn’t think someone who works 15 hour days to grow their business is much of a success. You wouldn’t envy their life. Hustlers aren’t the picture of success. However, if you met someone who worked 5 hours per day yet was still successfully growing their business, you’d think that person was successful. You’d envy that person. And you can be that person if you learn to leverage other people’s time, other people’s skills and other people’s resources.
If you want more tips on how to become rich without hustling, download my book F.U. Money, which is free to download for a limited time if you click here.