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How to Be Dramatically More Productive, Successful, and WealthyBy
Tuesday, December 6, 2011
Last night, I was out to dinner with a couple of the most successful guys I know – and they were giving me a hard time.
They were ribbing me about what Porter Stansberry calls the "Sjuggerud Advantage."
Hey, I can take it... The Sjuggerud Advantage, as I'll explain, is a major secret to my life's success.
The nice part is anyone can do it... The Sjuggerud Advantage requires no special skills. Let me tell the story...
We were at the Prime 112 restaurant in South Beach, Miami. It's a hip restaurant today, no doubt. As we were leaving, rap star Rick Ross was walking in, stepping out of his Rolls Royce.
Dinner was great... But my definition of a great dinner is "good times with good friends." I don't need a fancy bottle of wine or an unpronounceable delicacy to enjoy a meal.
Around 9:45 p.m., I started checking my watch... And Porter and the other guys at dinner gave me a bit of a hard time...
You see, I don't drink. I don't normally go out for fancy, three-hour meals. And most importantly, I go to bed early and get up early.
Porter was giving me a hard time about missing out on some of life's finer things. But I know these are parts of what Porter calls "the Sjuggerud Advantage."
I've heard Porter tell others: "You don't see the benefits of the Sjuggerud Advantage across a day or two. But over time, it adds up. The guy gets a lot done."
It might sound silly. But I think the most important part of the Sjuggerud Advantage is simply getting out of bed... but doing it an hour earlier than anyone else...
"Getting to work early is such a common virtue of successful people that I'm tempted to call it the single most important thing you can do to change your life," my friend Michael Masterson wrote in his book Automatic Wealth. Michael's a self-made multimillionaire.
And I agree with him...
I get more done in the first two hours of my morning than I do in any other four-hour stretch during the day. More importantly, I get my BEST work done then – with no interruptions and no distractions, just focus.
I probably take it too far... I've come to like driving the streets when they're empty, before the sun has come up. I think it's partly because I know I'm going to get A LOT done.
And I've found that once it gets past 10:00 or 10:30 at night, I'm not very productive at all. I'm tired, I'm sidetracked thinking about the day's problems, and I'm better off calling it a day and starting up fresh in the morning.
While Porter would likely tell you there's more to it, I think simply getting up early is the big secret of the Sjuggerud Advantage. It's the big secret to getting a lot done.
It requires no special skills to get up a half-hour or an hour earlier than you usually do. And most of the extremely successful people I know get their days started very early. It's a simple thing, but it could have a dramatic effect over time.
As Porter said, you might not see the benefits after a day or two... But they add up. You get a lot more done early in the morning... And ultimately, you become more successful than the next guy.
It costs you nothing, and it could make you dramatically more productive, successful, and wealthy.
It's certainly worked for me. I think it's the biggest part of the Sjuggerud Advantage.
It's so simple. But most people don't do it. Based on what I've described, though, isn't it at least worth giving it a shot?
Good investing,
Steve
Further Reading:
Self-made multimillionaire – and one of Steve's mentors – Mark Ford reveals his own tips to becoming a successful investor… "You always have the ability to change your financial life," he says. "It will take a bit of time and patience. And it will require that you change some of the thoughts and feelings you have about wealth and your relationship to wealth." Catch up on some of Mark's best advice here, here, and here.
Market NotesA CRITICAL LEVEL FOR COPPER Despite the crisis in Europe... despite high U.S. unemployment... and despite some recent poor economic data from China, copper is still holding above an important price level.
Regular readers know we look at copper when we want an "instant read" on the global economy. The red metal is in nearly everything around you... from cars to refrigerators, locomotives, and homes. This "in everything" quality makes copper rise and fall with the pace of global economic activity.
Like most assets, copper soared off its depressed levels of early 2009. It gained more than 260% from its bottom to its high near $4.63 a pound early this year. Then it began an eight-month slide that saw it drop as low as $3.07 a pound.
Keep an eye on this $3.07 level for copper. For the last two months, it's been holding above that low. As long as this vital building ingredient continues to do so, one has to say "things can't be all that bad" in the world. But a break below $3.07 says the bearish news you read in the paper is about to get worse.
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