Mental toughness is the bedrock of starting a business, growing a multimillion-dollar portfolio, investing in real estate, crushing your debt, retiring early.
Today’s guest, Dr. Nate Zinsser, mentors elite athletes, soldiers and executives in confidence and mental toughness. He is the sports psychology mentor for two-time Superbowl MVP Eli Manning and the Director of the Performance Psychology Program at the U.S. Military Academy at West Point.
He’s mentored the NHL’s Philadelphia Flyers and NCAA teams, and has been a consultant for the FBI Academy, U.S. Army Recruiting Command, and the NYC Fire Department. He holds a PhD in sports psychology from the University of Virginia.
In today’s episode, we discuss how to develop the type of mental toughness and confidence that can help you grow your investments, start a business, take risks in your career, make offers on houses, and overall master your financial life.
Here are some of the items we discuss:
#1: Your confidence grows with an ESP practice:
Effort: Where did I put forth quality effort?
Success: What success did I have?
Progress: What progress did I make?
For example, if you’re trying to repay your student loan debt, you might think to yourself:
Effort: I invested two hours tonight into building my side hustle.
Success: I earned an extra $150 as a result of those two hours.
Progress: I’m now 20 percent towards my goal of making an extra $750 payment per month towards my student loans.
Review the answers to these questions each night. If two people have the same ESP, but one engages in a daily reflection practice and the other doesn’t, the one who doesn’t is likely to have more self-doubt.
#2: When you’re in a ‘performance moment’ – such as making a presentation – draw upon your C-B-A:
Cue your conviction – draw upon your reserves of absolute certainty that you can do this.
Breathe your body – stay in the present through breathwork.
Attach the attention – so your senses become utterly absorbed by what you’re doing.
#3: Berating yourself depletes your mental bank account. It’s counterproductive. Yet we’re inclined to do it, because we grew up with a “red pencil mentality.” As schoolchildren, our mistakes on homework and tests were circled in red ink; our correct answers were not.
#4: Humility requires an honest assessment of our skills. Confidence requires conviction in our abilities. “There’s a time and place to be realistic, but it’s not in the middle of the game.”
#5: The intersection of confidence and courage is how we handle fear.
Enjoy!
Resources Mentioned:
The Confident Mind, by Dr. Nate Zinsser | Book
You Are Worth It, by Kyle Carpenter | Book
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