This Will Save You 30+ Years of Wasted Life | Ed Mylett

The "One More" Mindset [0:00]

• The speaker introduces the concept of "maxing out" by compressing time, effectively creating more days in a week.
• This involves a disciplined approach to time management, dividing the day into three distinct segments.
• The core message is that to win as an entrepreneur, one must compress their time and avoid delays, such as waiting for bank capital.

  "My first day is 6 a.m. to noon. My second day starts at noon and goes till 6 p.m. and my third day, 6 p.m. to midnight. I now get 21 days a week."

Outworking the Competition [1:50]

• The speaker emphasizes that while talent, looks, or connections may not be present, work ethic is controllable.
• He stresses the importance of "outworking everybody" as a fundamental principle for success.
• This dedication is attributed to personal success, alongside mindset, visualization, and listening skills.

  "What I could control was my work ethic. You've heard me speak many times about outworking everybody, but I think that just feels good when we hear it."

The Separator: Doing One More [3:00]

• "Maxing out" means doing at least "one more" than you think you're capable of in any activity.
• This applies to physical activities like working out, as well as professional tasks like making phone calls or attending meetings.
• The speaker identifies "one more" as the separator for winners, highlighting an addiction to this principle.

  "The separator is for the winners. They do one more. I'm addicted to one more."

Beyond Natural Talent [4:30]

• The speaker expresses a belief that natural gifts can hinder growth, as things come too easily.
• He prefers that things haven't come easy in his life, as it fuels a stronger work ethic.
• The "one more" mentality is presented as a way to compensate for a lack of natural talent.

  "I like that things haven't come easy for me in my life. I like that I don't have natural talents in every area."

The "One More" Mantra in Action [6:00]

• Examples illustrate the "one more" principle: an extra rep in the gym, an extra minute on the treadmill, an extra phone call.
• This consistent extra effort is framed as earning the right to deserve more in life.
• The mantra has been applied for three decades, reinforcing the belief in its effectiveness.

  "When it's a set of five, I do six. When it's a set of eight, I do nine. When it's 45 on the treadmill, I do 46."

Winners Do One More [8:00]

• Great athletes and performers, like Kobe Bryant, Michael Jordan, and Larry Bird, are characterized by their "one more" approach.
• Even gifted individuals who win, such as golfers, do "one more" than what is required.
• This extra effort is the differentiator, even when others also work hard.

  "The not so gifted one that ends up winning, they hit 101 or 110 or 120. I watch them on the driving range and you can hear them say, one more, one more."

The Psychology of "One More" [10:00]

• Consistently doing "one more" builds self-confidence and convinces oneself of deserving success.
• It transforms low self-esteem and identity by creating an addiction to doing extra.
• This habit separates the "greats" from the average, not due to differing work ethic, but due to the willingness to do extra.

  "All the greats do one more and all the average don't. It's not that the average don't work hard."

The Repetition Advantage [11:30]

• Doing more repetitions leads to improvement and increased productivity.
• Becoming better at a skill, like phone calls or communication, comes from consistent practice.
• This is the second layer of benefit from the "one more" principle: skill enhancement through practice.

  "You become a better phone caller when you make one more phone call every day."

Stacking the Odds in Your Favor [13:00]

• The "one more" principle increases the odds of winning by playing in larger numbers.
• The speaker refutes the idea that "more isn't always better," arguing that in most things, more is indeed better.
• Those who advocate against "more" are often lazy and justify their own weakness.

  "The people who tell you more isn't better in most things are lazy and they try to justify their own weakness."

Working Smarter vs. Harder [14:30]

• The notion of "working smarter, not harder" is challenged; winners work smarter and harder.
• Working harder often leads to becoming smarter, as new insights emerge through higher repetitions.
• Even if one believes in working smarter, doing more leads to greater intelligence and discovery.

  "The separator is who works harder. And by the way, we become smarter through working harder."

Compound Pounding [17:00]

• "Compound pounding" is the effect of massive activity over time, like waves eroding a rock.
• Most people give up before the compounding effect kicks in, underestimating what time can do.
• The inevitability of success is compared to the inevitable breakdown of a rock under constant water impact.

  "Most people underestimate what time can do when backed up with massive activity."

Relentless Pursuit of Dreams [19:00]

• Winners remain excited and persistent for as long as it takes to achieve their goals.
• They don't stop, understanding that their competition will eventually weaken or surrender.
• This relentless approach, like water hitting a rock, breaks down all obstacles.

  "Other people are going to get slowed down. Other people are going to take a break. Other people are going to flinch."

The Inevitability of Winning [21:00]

• Adopting "one more" and "compound pounding" makes winning inevitable.
• Success is not a matter of if, but when, with sustained effort.
• Confidence grows from the knowledge of being relentless and doing extra.

  "There's an inevitability to success. It's not a matter of if, it's a matter of when, when we adopt one more, when we adopt compound pounding."

Auditing Your Vision [24:00]

• The importance of regularly evaluating and updating one's vision and dreams is stressed.
• Many people wait too long or never audit their vision, leading to stagnation.
• Leaders with vision are needed to help people with dreams, even if leading oneself.

  "There's too long of a gap of time between most people evaluating and being aware of whether they've got a current vision that moves them in their life."

The 90% Fallacy [27:00]

• Reaching the top 10% is achievable through consistency and hard work, outperforming 90% of people.
• However, when you are 90% there, you are only 50% done; the last 10% is a different game.
• New levels bring new challenges, requiring greater focus, energy, and innovation.

  "Remember this right now, when you're 90% there, you're only 50% done."

Consistency vs. Adaptation [30:00]

• Clinging to old beliefs and visions for consistency can hinder progress.
• Great leaders and people change their opinions and viewpoints as circumstances evolve.
• Constant development is the law of life; maintaining rigid dogmas leads to a false position.

  "One of the things that holds people back in life is trying to be consistent in the way that they think."

The Power of Repetitions and Deadlines [38:00]

• Top performers, like Steph Curry and Tiger Woods, engage in an extraordinary number of repetitions.
• This practice, even when already skilled, allows for operation under pressure and fatigue.
• Deadlines create urgency, pace, and trigger the subconscious mind to work towards a goal.

  "Steph Curry takes 500 practice shots a day. That's 3,500 a week, 14,000 a month, 168,000 practice shots a year."

The Three Stages of Progress [45:00]

• Progress occurs in three stages: awkward, mechanical, and natural.
• Natural ability is often the result of extensive, productive, and correct repetitions.
• Greatness is achieved through continuous refinement and doing more reps than others.

  "The natural stages. It just looks like these people were born to do it. It's easy for them. They roll out of bed and it's a cakewalk."

The Invisible Progress [50:00]

• Most people quit before their efforts yield results, unaware of the invisible progress being made.
• Like hitting a piñata, cumulative effort breaks down barriers, even if not immediately apparent.
• Consistent effort, or "compound pounding," is essential for achieving dreams, as the final breakthrough often comes after sustained activity.

  "Most people in life quit before the candy comes out. They quit before the candy comes out of their business, their body, their relationships."

The Legacy of "One More" [55:00]

• The speaker shares personal stories about his father's journey of sobriety and helping others.
• His father's "one more day" philosophy and his dedication to helping others demonstrate the profound impact of small, consistent actions.
• The "one more" principle extends to honoring loved ones by living a life of purpose and contribution.

  "My dad's not on Instagram. My dad's not worth millions of dollars, but he lived a rich life. And so can you."