The 21 Irrefutable Laws of Leadership Ch 3

A woman who retired from the IRS at 51 and built a $22 million fortune through stock investing.

She invested $5,000 in stocks and held onto them for decades, reinvesting profits and letting the value grow through splits and appreciation.

The concept of continuously growing your assets and investments over time, even when there are ups and downs in the market.

An investment strategy that focuses on holding assets for extended periods, often years or decades, with the aim of maximizing long-term growth.

The company whose stock Anne Scheiber invested in and held for decades, which eventually became a significant part of her fortune.

The idea that significant achievements and leadership skills are built gradually and consistently over time, not overnight. It emphasizes the importance of ongoing personal development and dedication to mastering skills.

Actively seeking out opportunities for personal development, such as reading books, attending conferences, and seeking mentorship from experienced individuals.

Someone committed to continuous learning and development in the area of leadership, actively seeking out knowledge and insights from various sources.

Over time, consistent effort and dedication to personal growth leads to noticeable progress, increased influence, and ultimately, a level of expertise that inspires others.

Reaching a point where leadership skills become almost instinctive and effortless, enabling effective decision-making and strong influence.

True greatness in any field, including leadership, is not merely a result of natural talent but rather the outcome of consistent dedication and tireless effort.

The emphasis on the importance of consistent, daily practice and self-improvement as the foundation for developing exceptional leadership skills.

Both leadership and investing require consistent effort, patience, and a focus on long-term growth. Just as investors build wealth over time by reinvesting dividends, leaders develop their skills and influence through ongoing learning and application.

The daily activities and priorities of a person reflect their values, skills, and dedication. Observing someone's daily routine can provide insight into their leadership potential.

While some individuals may possess natural leadership traits, leadership is primarily a set of skills that are learned and developed over time. Through continuous learning and experience, anyone can develop their leadership abilities.

Effective leaders are committed to ongoing growth and improvement. They recognize that leadership is an ongoing journey of learning and adaptation.

Events provide short-term inspiration, while processes drive long-term growth and development. Sustainable change requires consistent effort and commitment to a continuous process.

The initial stage of leadership development where individuals lack awareness of the importance or potential of leadership. They haven't yet realized the benefits of developing their leadership skills.

The point where individuals realize they need to develop their leadership skills. This is often triggered by a leadership role or the realization of limitations in their abilities.