7 Habits of Highly Effective People Plus One More

Wednesday, November 28, 2012, AM | Leave Comment

It seems that effective and thus successful people follow different path in life than the ones who might fail in life every step of the way. Many books have been written on successes and failures of humans. We can develop in ourselves the habits of successful people. After all, these folks belong to the same human species as we all do.

Why are the successful folks different than what I call the ordinary people? These folks follow specific steps in their lives and have developed in themselves some habits from younger age.

Stephen Covey wrote a book on 7 habits of highly effective people followed by another book called the 8th habit – from effectiveness to greatness.

  1. Be Proactive

    You don’t necessarily have to wait for someone else to tell you what to do.

    Take initiative in life by realizing that your decisions are the primary determining factor for effectiveness in your life.

    Take responsibility for not only your choices but the consequences that follow.

  2. Begin with the End in Mind

    Self-discover and clarify your deeply important character values and life goals. It will help you learn to define and achieve your mission. Create a mission statement.

  3. Put First Things First

    We live in the real world. To get out of any of your imaginary world, you must prioritize, plan, and execute your week’s tasks based on importance rather than urgency. Evaluate your efforts.

  4. Think Win-Win

    The most important aspect of this habit is to value and respect people. That means we all must share and collaborate with one another for a better long-term resolution.

    We must not let only one person in the situation gets his way. It involves everyone including the top senior-most managers.

  5. Seek First to Understand, Then to be Understood

    Listening is a must to understand and be influenced by others. The reverse must be true as well.

    Reciprocate the listening and take an open mind to being influenced by you. This creates an atmosphere of caring, helping, and positive problem solving.

  6. Synergize

    Combine the strengths of people through positive teamwork, so as to achieve goals no one person could have done alone. Increase the total effort by combining individual effort of all the team members.

  7. Sharpen the Saw

    Preserve and maintain all your assets with balancing and renewing all your resources, energy, and health to create a sustainable, long-term, effective lifestyle. It also mentions service to society for spiritual renewal.

  8. The 8th Habit

    The 7 habits are great but, in essence, they all belong to team work. They depend on others as well.

    Here, Stephen talks about the 8th habit in terms of fear, skepticism and the inner self.

    Not only folks should try to take criticism in stride and use it for better understanding of humans but should inspire others as well.

    The book specifically talks of “5 Cancerous Behaviors – the 5 C’s” that inhibit people’s effectiveness and in turn greatness:

    1. Criticism

      Criticism is the practice of judging the merits and faults of something or someone in an intelligible (or articulate) way.

      Take criticism in stride. Don’t let it astray you from your mission.

    2. Complaining

      Always complaining in terms of dissatisfaction, or resentment is bad. Instead, turn it into positive thinking for not only yourself but for others as well.

    3. Comparing

      Motivate yourself to gain accurate evaluation of yourself by examining your opinions and abilities in comparison to others. Don’t let others’ behavior astray you from your path.

    4. Competing

      Competition is the opposite of cooperation. However, if it is done in a positive way, it can be very beneficial to all. It basically is a contest between individuals for a niche of resources which may also include prestige, recognition, social status, or leadership.

    5. Contending

      Contending is basically struggling to surmount a difficulty or danger. It will turn out to be good if you do it in methodical and step-by-step in an organized fashion.

    None of these 5 C’s may be bad if executed in a positive way. The 8th habit can be as beneficial as the 7 habits if done for the benefit of yourself and all humankind.

In a Nutshell
If you develop a paradigm of the principles of 7 habits of highly effective people in yourself, you will hopefully live successfully in your financial life.

You must work hard as well on your inner demons of the 5 C’s – the 8th habit – to be able to lead a constructive and full of realistic attitude towards life, may that be financial or otherwise.

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