Some say focus on your weaknesses and the strengths will take care of themselves.
Others say focus on your strengths and forget your weaknesses.
But the best approach is to work on both concurrently.
Case Study: Michael Jordan
What must we do with weaknesses to be prosperous?
When Michael Jordan first entered the NBA he was very good at dunking and driving the lane. On the other hand his defense, 3-point shooting and even his jump shots were less than impressive.
But within eight years he was named to the all-defensive team, set an NBA finals record for 3- point shots made and had a very impressive jump shot to compliment his high flying dunks. How did he improve his glaring weaknesses? He practiced jump shots, defense and 3 point shooting year round until he became world-class in each area.
Similarly we should seek to improve our financial weak spots with a vengeance. If we are weak at earning income we can take a night class to boost our income or start a small business. If we don't understand numbers we can read books on accounting. Remember perfect practice with feedback makes success.
What role do our strengths play in financial success?
Had Michael Jordan only worked on his weaknesses he would have been very good, but never have won 6 NBA Championships. As he overcame his weaknesses he also worked on his already strong leadership skills and honed his intense desire to win. His leadership skills soared as he mentored younger players ( Scottie Pippen, Horace Grant, B.J. Armstrong). Channelling his intense desire to win he inspired other players to play above their skill set.
If your strength is living a frugal lifestyle then build on that by finding areas you can be more frugal in. Most frugal people spend an inordinate amount of money in 2-3 areas. Find those areas and use your frugal habits to trim the fat. If you like to work then find an outlet for your hard work that pays you well for working diligently.
If the greatest basketball player worked on both strengths and weaknesses, shouldn't we do the same in our financial affairs?
(see free bonus links below)
Bonus links: Larry Bird and
(photo courtesy Wikipedia)