Cultivating Self-Belief Through Acknowledgment, Values, and Support - Episode Hero Image

Cultivating Self-Belief Through Acknowledgment, Values, and Support

Original Title:

TL;DR

  • Cultivating self-awareness through reflection on past accomplishments and strengths, documented via a "self-confidence letter," actively combats negative feedback and internal doubt, preventing belief erosion and subsequent poor actions.
  • Writing and regularly rereading a personal "brag sheet" or "self-confidence letter" reinforces self-worth, acting as a psychological anchor against external criticism and imposter syndrome, thereby maintaining belief systems.
  • Positive affirmations, even when initially perceived as untrue, can initiate a psychological shift, prompting individuals to take small, directional steps that foster agency and move them toward their desired outcomes.
  • Surrounding oneself with supportive individuals and avoiding distractions is critical, as negative influences and poor advice can derail progress, highlighting the impact of social circles on goal attainment.
  • Identifying core values through reflection on significant past decisions provides a "north star," aligning actions with principles and preventing costly mistakes in finances, relationships, and opportunities.
  • The science of happiness links positive emotions to tangible performance gains, including increased productivity and quicker problem-solving, demonstrating a quantifiable return on emotional well-being.

Deep Dive

Entrepreneurial success hinges on cultivating robust self-belief, which acts as a bulwark against external negativity and internal doubt. By actively reinforcing one's capabilities and values, individuals can navigate challenges, improve performance, and ultimately achieve their goals. This internal fortitude, however, is not solely a personal endeavor; it is significantly shaped by the supportive or detrimental social environments entrepreneurs inhabit.

The core of developing this essential self-belief lies in a practice of deliberate self-acknowledgment and external validation. When faced with criticism or self-doubt, individuals are advised to recall past accomplishments and strengths, documenting these wins to create a tangible record of their worth. This "self-confidence letter" or "rainy day note" serves as a psychological anchor, countering negative external narratives that can lead to a self-fulfilling prophecy of failure. Research suggests that positive affirmations and expressions of gratitude are not mere feel-good exercises; they are linked to tangible performance improvements, including increased productivity and quicker problem-solving. However, the effectiveness of affirmations is contingent on their perceived truthfulness; attempting to affirm something fundamentally untrue can be counterproductive. Instead, focusing on steps taken in the direction of a desired outcome, even if the initial belief seems audacious, is what truly drives progress. This process shifts individuals from a state of helplessness to one of agency, enabling them to influence their own destiny.

Beyond internal reinforcement, the composition of one's social circle profoundly impacts entrepreneurial trajectory. Negative influences and distractions--whether from friends, partners, or poor advice--can derail careers by pulling individuals away from their objectives. Conversely, positive relationships can offer crucial support. The practice of identifying core values, through exercises like reflecting on significant decisions and distilling their "why" into seven words, helps establish a personal compass. When individuals act in alignment with these values, happiness, confidence, and performance tend to rise. Conversely, a divergence from these principles leads to negative outcomes such as increased conflict, poor choices, and diminished well-being. Therefore, cultivating confidence is not just about internal affirmations but also about mindful engagement with one's environment and a clear understanding of personal guiding principles.

Action Items

  • Create self-confidence letter: Write a personal brag sheet to document 5-10 past accomplishments and strengths to combat self-doubt.
  • Draft values clarification exercise: Identify 3-5 core values by analyzing the reasons behind significant past decisions (work, family, personal).
  • Implement "rainy day notes" system: Collect or write 3-5 letters of affirmation and gratitude to be reviewed during challenging periods.
  • Audit personal network: Evaluate the influence of 3-5 key individuals in your network for potential distractions from goals.

Key Quotes

"First thing i always say is you got to take yourself back to any time in your past career or even current career and remind yourself of all the things that you're good at all the accomplishments celebrate your wins amen man i'm i'm a tall handsome brown man right you know i'm really good in math i look good in white dress shirts whatever those things are remember i even you're the first person to get your phd before the age of 30 whatever those things are and it's not enough just to tell yourself you got to write it down"

Dr. Ivan Joseph argues that to combat self-doubt, individuals must actively recall and document their past achievements and strengths. He emphasizes that simply acknowledging these accomplishments internally is insufficient; writing them down solidifies them and serves as a tangible reminder of one's capabilities. This practice helps to counteract negative feedback and internalize a stronger sense of self-worth.


"When I took that job as an ad even when as a job as a vice president self doubt comes in there's enough people tell i've never done this before why would i be in this position you only got the job because he's black you only got the job because you're a woman whatever it is there's all people that are going to be coming at you and if you're not careful you'll start to take on those thoughts and then those thoughts will influence your belief system and that belief system will then influence your actions and you'll start messing up and it's this self fulfilling prophecy so stop that thought put something down on paper you'll hear me speak about a self confidence letter or a letter to yourself"

Dr. Ivan Joseph explains that external criticism and internal self-doubt can lead to a self-fulfilling prophecy of failure. He advises that when faced with such negativity, it is crucial to stop these destructive thoughts and instead create a "self-confidence letter." This letter serves as a personal record of accomplishments and a tool to reinforce a positive belief system, thereby influencing actions toward success.


"I will tell you it's not the statement that really sets you up it's the fact that people then start putting into their psychological mindset steps to move them in that direction whatever those little steps are they stop feeling helpless and unable to affect their own destiny and start moving in the right direction and that's where the impact happens"

Dr. Ivan Joseph highlights that the true power of belief lies not just in the statement itself, but in the subsequent actions it inspires. He posits that when individuals adopt a belief, they begin to take psychological steps, however small, toward achieving their goals. This shift from feeling helpless to actively moving forward is where significant personal impact and progress occur.


"There's two factors I've always seen that derail a young athlete or a young professional's career Number one their self doubt their inability to believe in themselves and interestingly enough number two is the people that they have surrounded themselves with that become distractions that take them away from their goals over and over and over again they fall into the wrong crowd they get with the wrong partner the wrong advice"

Dr. Ivan Joseph identifies two primary factors that can hinder the careers of young athletes or professionals: self-doubt and negative social influences. He explains that an inability to believe in oneself is a significant obstacle, compounded by surrounding oneself with people who distract from or actively undermine one's goals. This can manifest as associating with the wrong crowd, partners, or accepting poor advice.


"I don't know if it's your crap detector or your holy smoke detector there's no science behind this but at any time I don't listen to that voice when I fall off my values and my principles I go south it's cost me money it's cost me friendships it's cost me opportunities"

Dr. Ivan Joseph describes an internal "voice" or intuition that guides individuals, suggesting it is linked to their values and principles. He states that ignoring this inner guidance, even without scientific explanation, leads to actions that deviate from one's core beliefs. This deviation, he notes, has consistently resulted in negative consequences, including financial loss, damaged friendships, and missed opportunities.


"You saw it when you start asking yourselves these questions what's the most important decision you made in work what's the most important decision you've made in your family what's the most important decision you did for yourself right what's the most important decision you make when taking on a conflict that's the exercise i do it helps me to your values to help me find my north stars"

Dr. Ivan Joseph proposes an exercise to identify core values by reflecting on significant decisions made across different areas of life, such as work, family, personal well-being, and conflict resolution. He explains that by examining the underlying reasons for these pivotal choices, individuals can uncover their fundamental values, which then serve as their guiding "north stars." This process helps to clarify personal direction and decision-making.

Resources

External Resources

Books

  • "Make Money Easy!" by Dr. Ivan Joseph - Mentioned as a new book by the author to help create financial freedom and abundance.

Research & Studies

  • Harvard study (2006) by Sonja Lyubomirsky - Referenced for findings linking happiness, personal affirmations, and increased productivity, analytical problem-solving, and revenue.

People

  • Dr. Ivan Joseph - Emphasizes self-awareness, self-reflection, and projecting confidence for entrepreneurs.
  • Lewis Howes - Host of The Daily Motivation show, discusses developing belief and overcoming self-doubt.
  • Kyle - Mentioned as an example of an athlete who developed belief and became a successful team captain.
  • Sonja Lyubomirsky - Researcher whose 2006 Harvard study is cited regarding the impact of happiness and affirmations on performance.

Organizations & Institutions

  • Dalhousie University - Mentioned as the institution where Dr. Ivan Joseph took a Vice President job.
  • State Street Investment Management - Provider of the MDY ETF.
  • ALPS Distributors Inc. - Distributor for the MDY ETF.

Websites & Online Resources

  • greatness.lnk.to/982 - Link to the full episode of the podcast.
  • greatness.com/newsletter - Website to sign up for the Greatness newsletter.
  • makemoneyeasybook.com - Website to purchase Dr. Ivan Joseph's book.
  • statestreet.com/im - Website to access a prospectus for the MDY ETF.

Other Resources

  • MDY (mid-cap ETF) - An investment product from State Street Investment Management.
  • Self-awareness and self-reflection - Concepts emphasized by Dr. Ivan Joseph for entrepreneurs.
  • Self-confidence letter / Personal brag sheet / Rainy day notes - A practice of writing positive affirmations and accomplishments to oneself.
  • Guided visualization - An exercise mentioned for envisioning a desired future self or partner.
  • Values and principles exercise - A method to identify core values by reflecting on important past decisions.
  • North stars - Metaphor for guiding values.
  • The Daily Motivation - Podcast hosted by Lewis Howes.
  • The School of Greatness - Main podcast where full episodes are available.
  • Greatness Plus channel - Apple Podcast channel offering exclusive content and ad-free listening.

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