Success is quite subjective topic.
To some it means money, to others it means fame. And to some it means to plant your face on the map of the world for the generations yet to come to see.
But then these are abstract terms, how are we to define success qualitatively?
Here is where the 1% law comes up. In a sentence, the top 1% in any field can make a lot of money and will survive any economic crisis; the top 0.1% in any field can make a name for themselves and will be welcome by fans wherever they go; the top 0.01% in any field will be remembered by history.
Let's first examine what it means to be in the top 1%. In most industries, the top 1% are those who have reached the highest level of success and earn a good amount of money. For example, in the world of professional sports, the top 1% of athletes are the ones who make it to the highest level of competition and earn a salary that is significantly higher than the average athlete. Similarly, in the business world, the top 1% are the executives and entrepreneurs who have achieved significant success and earn a high income. In academics, these are professors at renowned institutions earning a hearty salary multifold a regular teacher.
Moving up to the top 0.1%, we see a significant increase in recognition and prestige. These individuals are often the ones who have made groundbreaking contributions to their field or achieved unprecedented levels of success. They may earn a great deal of money, but it is their impact and influence that truly sets them apart. Examples of individuals in the top 0.1% include Nobel Prize winners, fortune 300 CEOs, and high-profile athletes.
Finally, we come to the top 0.01%. These are the individuals who will be remembered by history for their achievements. They are the ones who have made lasting contributions to their field and changed the course of history. Examples of individuals in this category include Albert Einstein, Steve Jobs, and Pele. These individuals may have earned a significant amount of money, but their legacy and impact are what truly set them apart.
So what can we learn from this hierarchy of success? First and foremost, it is clear that there is a significant difference between being in the top 1%, top 0.1%, and top 0.01%. While earning a good amount of money and achieving success is certainly a worthy goal, it is those who are able to make a significant impact on their field who truly stand out. Additionally, it is important to recognize that success is not just about earning money or achieving fame - it is about making a meaningful contribution to society and leaving a lasting legacy.
An important factor to consider when striving for success is the enjoyment one derives from their work. Many successful individuals have attested to the importance of enjoying what they do in order to achieve true success. When one enjoys their work, they are more likely to be motivated, focused, and persistent, which can lead to higher levels of achievement. Additionally, enjoying one's work can also lead to a greater sense of fulfillment and purpose, as well as improved mental health and well-being. Therefore, it is essential to find a career or pursuit that one is passionate about in order to maximize their chances of achieving true success. As Steve Jobs famously said,
"Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do."
"Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." - Albert Schweitzer
and that is where I’ll leave you at in this weeks Laws for Life.
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