I hope you had a wonderful weekend! Welcome to tax season!

LRPC’s Monday Morning Minute for this week, “Six Keys To Being Excellent At Anything” (presented below) comes to you courtesy of Tony Schwartz. As an independent, objective Registered Investment Advisory firm, Lawton Retirement Plan Consultants, LLC has access to research from many sources. Be assured that I will share enlightening, useful information with you each week. This is a short piece I believe everyone can read in less than 60 seconds.

We all need inspiration every now and then. Each month I like to share some words that I feel are uplifting. This month’s article talks about how you can excel at anything. Really. Give it a look.

Have a wonderful week!

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Six Keys To Being Excellent At Anything

 

By Tony Schwartz

I’ve been playing tennis for nearly five decades. I love the game and I hit the ball well, but I’m far from the player I wish I were.

I’ve been thinking about this a lot the past couple of weeks, because I’ve taken the opportunity, for the first time in many years, to play tennis nearly every day. My game has gotten progressively stronger. I’ve had a number of rapturous moments during which I’ve played like the player I long to be.

And almost certainly could be, even though I’m 58 years old. Until recently, I never believed that was possible. For most of my adult life, I’ve accepted the incredibly durable myth that some people are born with special talents and gifts and that the potential to truly excel in any given pursuit is largely determined by our genetic inheritance.

During the past year, I’ve read no fewer than five books — and a raft of scientific research — which powerfully challenge that assumption (see below for a list). I’ve also written one, The Way We’re Working Isn’t Working, which lays out a guide, grounded in the science of high performance, to systematically building your capacity physically, emotionally, mentally, and spiritually.

We’ve found, in our work with executives at dozens of organizations, that it’s possible to build any given skill or capacity in the same systematic way we do a muscle: push past your comfort zone and then rest. Will Durant, commenting on Aristotle, pointed out that the philosopher had it exactly right 2000 years ago: “We are what we repeatedly do.” By relying on highly specific practices, we’ve seen our clients dramatically improve skills ranging from empathy, to focus, to creativity, to summoning positive emotions, to deeply relaxing.

Like everyone who studies performance, I’m indebted to the extraordinary Anders Ericsson, arguably the world’s leading researcher into high performance. For more than two decades, Ericsson has been making the case that it’s not inherited talent which determines how good we become at something, but rather how hard we’re willing to work  — something he calls “deliberate practice.” Numerous researchers now agree that 10,000 hours of such practice is the minimum necessary to achieve expertise in any complex domain.

That notion is wonderfully empowering. It suggests we have a remarkable capacity to influence our own outcomes. But that’s also daunting. One of Ericsson’s central findings is that practice is not only the most important ingredient in achieving excellence but also the most difficult and the least intrinsically enjoyable.

If you want to be really good at something, it’s going to involve relentlessly pushing past your comfort zone, as well as frustration, struggle, setbacks, and failures. That’s true as long as you want to continue to improve, or even maintain a high level of excellence. The reward is that being really good at something you’ve earned through your own hard work can be immensely satisfying.

Here, then, are the six keys to achieving excellence we’ve found are most effective for our clients:

1. Pursue what you love

Passion is an incredible motivator. It fuels focus, resilience, and perseverance.

2. Do the hardest work first

We all move instinctively toward pleasure and away from pain. Most great performers, Ericsson and others have found, delay gratification and take on the difficult work of practice in the mornings, before they do anything else. That’s when most of us have the most energy and the fewest distractions.

3. Practice intensely

Practice without interruption for short periods of no longer than 90 minutes and then take a break. Ninety minutes appears to be the maximum amount of time that we can bring the highest level of focus to any given activity. The evidence is equally strong that great performers practice no more than 4 ½ hours a day.

4. Seek expert feedback, in intermittent doses

The simpler and more precise the feedback, the more equipped you are to make adjustments. Too much feedback, too continuously can create cognitive overload, increase anxiety, and interfere with learning.

5. Take regular renewal breaks

Relaxing after intense effort not only provides an opportunity to rejuvenate but also to metabolize and embed learning. It’s also during rest that the right hemisphere becomes more dominant, which can lead to creative breakthroughs.

6. Ritualize practice

Will and discipline are wildly overrated. As the researcher Roy Baumeister has found, none of us have very much of it. The best way to insure you’ll take on difficult tasks is to build rituals — specific, inviolable times at which you do them so that over time you do them without having to squander energy thinking about them.

I have practiced tennis deliberately over the years, but never for the several hours a day required to achieve a truly high level of excellence. What’s changed is that I don’t berate myself any longer for falling short. I know exactly what it would take to get to that level.

I’ve got too many other higher priorities to give tennis that attention right now. But I find it incredibly exciting to know that I’m still capable of getting far better at tennis — or at anything else — and so are you.

Here are the recent books on this subject:

  • Talent is Overrated by Geoffrey Colvin. My personal favorite.
  • The Talent Code by Daniel Coyle
  • Outliers by Malcolm Gladwell
  • The Genius in All of Us by David Schenk
  • Bounce by Mathew Syed

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About LRPC’s Monday Morning Minute

Lawton Retirement Plan Consultants, LLC (LRPC) Monday Morning Minute is crafted to provide decision-makers with important information about the economy, investments and corporate retirement plans in a format that allows a reader to consume the information in less than 60 seconds. As an independent, objective investment adviser, LRPC has access to many sources of research and shares the best and most relevant information with its readers each week.

About Lawton Retirement Plan Consultants, LLC

Lawton Retirement Plan Consultants, LLC is a Milwaukee, Wisconsin-based independent, objective Registered Investment Adviser (RIA) providing investment advisory, fiduciary compliance, employee education, provider management and plan design services to retirement plan sponsors. The firm currently has contracts in place to provide consulting services on more than $400 million in plan assets. For more information, please contact Robert C. Lawton at (414) 828-4015 or bob@lawtonrpc.com or visit the firm’s website at http://www.lawtonrpc.com. Lawton Retirement Plan Consultants, LLC is a Wisconsin Registered Investment Adviser.

Important Disclosures

This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance, tax, legal or investment advice. Each plan has unique requirements and you should consult your attorney or tax adviser for guidance on your specific situation. In no way does Lawton Retirement Plan Consultants, LLC assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations. Investors should carefully consider investment objectives, risks, charges and expenses. The statements in this publication are the opinions and beliefs of the commentator expressed when the commentary was made and are not intended to represent that person’s opinions and beliefs at any other time. The commentary does not necessarily reflect the opinion of Lawton Retirement Plan Consultants, LLC and should not be construed as recommendations or investment advice. Lawton Retirement Plan Consultants, LLC offers no tax, legal or accounting advice and any advice contained herein is not specific to any individual, entity or retirement plan, but rather general in nature and, therefore, should not be relied upon for specific investment situations. Lawton Retirement Plan Consultants, LLC is a Wisconsin Registered Investment Adviser and accepts clients outside of Wisconsin based upon applicable state registration regulations and the “de minimus” exception.