The Key to Long-Term Success

by Brian Tracy

Successful people have been studied in depth for more than 100 years.

Successful people have been studied in depth for more than 100 years. They have been interviewed extensively to determine what it is they do and how they think that enables them to accomplish so much more than the average person. In this Newsletter, you learn the most important single factor of long-term success and how you can build it into your personality and your attitude. You learn how to virtually guarantee yourself a great future. The Harvard Discovery on Success In 1970, sociologist Dr. Edward Banfield of Harvard University wrote a book entitled The Unheavenly City. He described one of the most profound studies on success and priority setting ever conducted. Banfield's goal was to find out how and why some people became financially independent during the course of their working lifetimes. He started off convinced that the answer to this question would be found in factors such as family background, education, intelligence, influential contacts, or some other concrete factor. What he finally discovered was that the major reason for success in life was a particular attitude of mind. Develop Long Time Perspective Banfield called this attitude "long time perspective." He said that men and women who were the most successful in life and the most likely to move up economically were those who took the future into consideration with every decision they made in the present. He found that the longer the period of time a person took into consideration while planning and acting, the more likely it was that he would achieve greatly during his career. For example, one of the reasons your family doctor is among the most respected people in America is because he or she has invested many years of hard work and study to finally earn the right to practice medicine. After university courses, internship, residency and practical training, a doctor may be more than 30 years old before he or she is capable of earning a good living. But from that point onward, these men and women are some of the most respected and most successful professional people in any society. They had long time perspectives. Measure the Potential Future Impact The key to success in setting priorities is having a long time perspective. You can tell how important something is today by measuring its potential future impact on your life. For example, if you come home from work at night and choose to play with your children or spend time with your spouse, rather than watch TV or read the paper, you have a long time perspective. You know that investing time in the health and happiness of your children and your spouse is a very valuable, high-priority use of time. The potential future impact of quality time with your family is very high. If you take additional courses in the evening to upgrade your skills and make yourself more valuable to your employer, you're acting with a long time perspective. Learning something practical and useful can have a long-term effect on your career. Practice Delayed Gratification Economists say that the inability to delay gratification-that is, the natural tendency of individuals to spend everything they earn plus a little bit more, and the mind-set of doing what is fun, easy and enjoyable-is the primary cause of economic and personal failure in life. On the other hand, disciplining yourself to do what you know is right and important, although difficult, is the highroad to pride, self-esteem and personal satisfaction. The long term comes soon enough, and every sacrifice that you make today will be rewarded with compound interest in the great future that lies ahead for you. Action Exercises Here are three steps you can take immediately to put these ideas into action. First, think long-term. Sit down today and write out a description of your ideal life ten and twenty years into the future. This automatically develops longer-time perspective. Second, look at everything you do in terms of its long-term potential impact on your life. Do more things that have greater long-term value to you. Third, develop the habit of delaying gratification in small things, small expenditures, small pleasures, so that you can enjoy greater rewards and greater satisfaction in the future.

Why We do Dumb or Irrational Things: 10 Brilliant Social Psychology Studies

from PsyBlog

[Photo by Ayres no graces]

"I have been primarily interested in how and why ordinary people do unusual things, things that seem alien to their natures. Why do good people sometimes act evil? Why do smart people sometimes do dumb or irrational things?" --Philip Zimbardo

Like eminent social psychologist Professor Philip Zimbardo, I'm also obsessed with why we do dumb or irrational things. The answer quite often is because of other people - something social psychologists have comprehensively shown.

Over the past few months I've been describing 10 of the most influential social psychology studies. Each one tells a unique, insightful story relevant to all our lives, every day.

But, the question is which one has the most to teach us about human nature? Which one gives us the most piercing insight into how our thoughts and actions are affected by other people?

Have a read and then vote below:


1. The Halo Effect: When Your Own Mind is a Mystery

The 'halo effect' is a classic finding in social psychology. It is the idea that global evaluations about a person (e.g. she is likeable) bleed over into judgements about their specific traits (e.g. she is intelligent). Hollywood stars demonstrate the halo effect perfectly. Because they are often attractive and likeable we naturally assume they are also intelligent, friendly, display good judgement and so on.

» Read on about the halo effect -»


2. How and Why We Lie to Ourselves: Cognitive Dissonance

The ground-breaking social psychological experiment of Festinger and Carlsmith (1959) provides a central insight into the stories we tell ourselves about why we think and behave the way we do. The experiment is filled with ingenious deception so the best way to understand it is to imagine you are taking part. So sit back, relax and travel back. The time is 1959 and you are an undergraduate student at Stanford University...

» Read on about cognitive dissonance -»


3. War, Peace and the Role of Power in Sherif's Robbers Cave Experiment

The Robbers Cave experiment, a classic study of prejudice and conflict, has at least one hidden story. The well-known story emerged in the decades following the experiment as textbook writers adopted a particular retelling. With repetition people soon accepted this story as reality, forgetting it is just one version of events, one interpretation of a complex series of studies.

» Read on about Sherif's Robbers Cave experiment -»


4. Our Dark Hearts: The Stanford Prison Experiment

The famous 'Stanford Prison Experiment' argues a strong case for the power of the situation in determining human behaviour. Not only that but this experiment has also inspired a novel, two films, countless TV programs, re-enactments and even a band.

» Read on about Zimbardo's Stanford prison experiment -»


5. Just Following Orders? Stanley Milgram's Obedience Experiment

What psychological experiment could be so powerful that simply taking part might change your view of yourself and human nature? What experimental procedure could provoke some people to profuse sweating and trembling, leaving 10% extremely upset, while others broke into unexplained hysterical laughter?

» Read on about Milgram's obedience studies -»


6. Why

We All Stink as Intuitive Psychologists: The False Consensus Bias
Many people quite naturally believe they are good 'intuitive psychologists', thinking it is relatively easy to predict other people's attitudes and behaviours. We each have information built up from countless previous experiences involving both ourselves and others so surely we should have solid insights? No such luck.

» Read on about the false consensus bias -»


7. Why Groups and Prejudices Form So Easily: Social Identity Theory

People's behaviour in groups is fascinating and frequently disturbing. As soon as humans are bunched together in groups we start to do odd things: copy other members of our group, favour members of own group over others, look for a leader to worship and fight other groups.

» Read on about why groups and prejudices form so easily -»


8. How to Avoid a Bad Bargain: Don't Threaten

Bargaining is one of those activities we often engage in without quite realising it. It doesn't just happen in the boardroom, or when we ask our boss for a raise or down at the market, it happens every time we want to reach an agreement with someone. This agreement could be as simple as choosing a restaurant with a friend, or deciding which TV channel to watch. At the other end of the scale, bargaining can affect the fate of nations.

» Read on about how communication and threats affect bargaining -»


9. Why We Don't Help Others: Bystander Apathy

In social psychology the 'bystander effect' is the surprising finding that the mere presence of other people inhibits our own helping behaviours in an emergency. John Darley and Bibb Latane were inspired to investigate emergency helping behaviours after the murder of Kitty Genovese in 1964.

» Read on about bystander apathy -»


10. I Can't Believe My Eyes: Conforming to the Norm

We all know that humans are natural born conformers - we copy each other's dress sense, ways of talking and attitudes, often without a second thought. But exactly how far does this conformity go? Do you think it is possible you would deny unambiguous information from your own senses just to conform with other people?

» Read on about Asch's classic conformity study -»

What Toyota can Teach You about Personal Productivity

from Lifehack.org

Toyota has become the world’s largest automobile manufacturing company this year, overtaking General Motors which reigned supreme since the 1930s. Before then, Ford was the global leader. Toyota’s market capitalization is more than five times that of Ford and General Motors combined. Toyota must have been doing something right these past 20 years since it has become the most productive manufacturer in the world. The company owns the newly created market in hybrids. Toyota’s example offers an excellent insights and a guide toward improving personal productivity.The two main pillars of Toyota’s approach boil down to: 1) respect for people and 2) continuous improvement; constant and never-ending improvement in all areas. Toyota made a major innovation over the American automobile manufacturers in the process of how the company viewed its people. General Motors and Ford viewed factory workers as a replaceable variable cost component – labor as a commodity.

Toyota viewed its workers as the main place to turn for productivity and quality improvements. Toyota further innovated by challenging the planned obsolescence approach. The company started producing cars with fewer defects that were more durable and would hold their value longer. American car companies were forced to respond in kind by producing longer lasting, better quality cars with greatly extended warranty packages. This is not all Toyota has done in terms of process innovations. American accounting methods valued inventory the same as cash, without any incentives for reducing inventory.

Toyota pioneered “lean manufacturing” based in large part on creating value in the eyes of the customer and having products being “pull” or demand-based that would be responsive to the customer rather than “push” or supply-based from the production end. Lean manufacturing also includes identifying and minimizing waste (including inventory), empowering employees and aiming for perfection in the processes. This is an evolutionary change in the way cars are made that is currently sweeping through the other modern manufacturing sectors of the global economy. The ‘Toyota Way’ can also be applied toward improving personal productivity. The Toyota Production System (TPS) works as a complete philosophy. It is a consistent set of processes and principles applied over a long period of time. The following principles form core parts of the highly effective TPS that can be used to enhance personal productivity.

• Create manual systems first, then use technology as a tool to assist the process. Toyota people are often found making signs and putting them up all over the place and using them along with manual lists to coordinate activities. Once the manual system is worked out, then technology is brought in to assist and improve the process. There is a strong aversion to acquiring and using technology just for the sake of the technology. Hold off of the expensive software until the basics are worked out.
• Create an environment where constant learning occurs. Toyota is full of people who strive to be teachable and who are very willing to share information and be involved in the learning process. Put aside some time for focused learning – a course, book-a-week, seminars, workshops, reviewing articles, etc.
• Eliminate – don’t just reduce waste. In the U.S. system, the production line has slack built into it so that there is extra time and stuff available to ensure the line stays running. In the Toyota system, there is not. Unplug the television set and cut the end off the cord.
• Build quality into everything. Standardizing to create consistent quality while constantly working to raise the standards. Anything worth doing is worth doing well. Aim for “great” rather than just “good enough” wherever there is opportunity to do so.
• Create systems to respect and treat partners well. Self-improvement toward increased personal productivity is a two way street. Toyota’s people work on self improvement but consider that to be tied to helping others improve – for mutual benefit.
• Work with others but maintain core competencies. Do not outsource the important decisions. For Toyota’s cars, electronics has become a big part so the company has decided to make that a core area. Take the time to learn the areas that can impact life. Understanding tax planning and basic financial matters are a classic area of neglect that many people should put more effort into.
• Chose friends and associates carefully. Toyota is very picky. Employees are often hired through a one to two year process. Partners and suppliers similarly go through extensive processes. Associate with people who can help you and that you can help in a two way manner.

Toyota has pioneered its process and one of the great outcomes was becoming the world’s first mass producer of hybrid automobiles, with over half the world market for hybrids. The Toyota process itself is a hybrid of best practices that have evolved over time that can be used to enhance personal productivity.

Peter Paul Roosen and Tatsuya Nakagawa are co-founders of Atomica Creative Group, a specialized strategic product marketing firm. Through leading edge insight and research, sound strategic planning and effective project management, Atomica helps companies achieve greater success in bringing new products to market and in improving their existing businesses. They have co-authored Overcoming Inventoritis now available.

Motivation: The Gurus Speak!

By Geoffrey James

I’ve been talking about motivation lately, with some really positive results in my own life and hopefully elsewhere too. To round out the discussion, I thought I’d add some “quick hits” — short suggestions about motivation lifted from the conversations I’ve had with various motivation gurus, including Jeff Keller, Omar Periu, and Tony Robbins:

• Always act with a purpose — your purpose.
• Take responsibility for your own results.
• Stretch yourself past your limits on a daily basis.
• Don’t wait for perfection, just do it now!
• Be careful of what you eat; it takes energy to succeed.
• Hang around people who are as motivated as yourself.
• Don’t live a life of quiet desperation. Take action! Now!
• When you learn from failure, it’s not really failure.
• Don’t get complacent because you’re successful today.
• Always say “I must” rather than “I’ll try” when seeing goals.
• Don’t avoid a decision; that’s always a decision to fail.
• Keep quiet if you can’t say something positive.
• Respond to “How are you?” with “Terrific!” not “Hangin’ in there.”
• Don’t spout negative talk; it programs you for negative results.
• Stop complaining about that over which you have no control.
• Stop griping about your personal problems and illnesses.
• Expunge negative, de-motivating words in your speech.
• Focus on purpose and goals, not obstacles and problems.
• Start each day with at least 15 minutes of positive input.
• Reduce your exposure to depressing news media.

Anyone else have some pithy words of wisdom?

How to Improve Your Social Skills: 8 Tips from the Last 2500 Years

Published November 15th, 2007 in Personal Development and People Skills.

Image by nogoodphotography.

One source for pretty reliable advice is what has been repeated. Not what’s been repeated throughout your life but throughout history. Time-tested advice, advice that has survived and been rediscovered over the centuries often has a good deal of practical value.

I think this applies to tips on improving your social skills. Society may have changed but people are people. So what worked a couple of hundred or thousand years ago can still be useful today. Here are eight tips on social skills that have been told over and over. Maybe you’ll find them helpful.

1. Listen

“Nature gave us one tongue and two ears so we could hear twice as much as we speak.”
Epictetus

“The less you speak, the more you will hear.”
Alexander Solshenitsen

“I like to listen. I have learned a great deal from listening carefully. Most people never listen.”
Ernest Hemingway

This is probably one of the most underappreciated social skills. People are often centred on themselves. Nothing surprising really, but it doesn’t mean that they are selfish jerks either. But because of this a lot of people are just used to talking about themselves or waiting for the other person to finish so they can start talking again. I know I have done this many times and still do from time to time.

How do you get past it?

One useful way that I have found is to just forget about yourself. Focus your attention outward instead of inward in a conversation. Place the mental focus on the person you are talking and listening to instead of yourself. Placing the focus outside of yourself makes you less self-centred and your need to hog the spotlight decreases.

If you start to actually listen to what people are saying it also becomes easier to find potential paths in the conversation. By asking open-ended questions – the ones that will give you more than a yes or no answer – you can explore these paths and have better and more fun conversations.

And this ties into the next tip…

2. Actually be interested in the other person.

“You can make more friends in two months by becoming really interested in other people than you can in two years by trying to get other people interested in you. Which is just another way of saying that the way to make a friend is to be one.”
Dale Carnegie

“The greatest compliment that was ever paid me was when someone asked me what I thought, and attended to my answer.”
Henry David Thoreau

If you become more interested in people then you’ll naturally become a better listener since you are actually interested in what’s on their minds.And it beomes easier find out what someone is really passionate about and to dispel negative assumptions that can mess up the communication.

If you listen to what someone has to say then you may find that s/he for instance isn’t as boring or different from you as you may have guessed when you were first introduced.

And as Carnegie says, it’s a lot easier to create and improve relationships if you focus on the other person than on yourself. Why is that?

Well, for one, as I wrote just a few paragraphs ago, people often don’t listen that much. So you’ll be a pleasant exception among the others that are waiting for their turn to talk again.

But the big reason is simply that you make them feel good because of your attention, validation of them and their interest and the connection that is made.

3. Don’t listen too much to criticism.

“If evil be said of thee, and if it be true, correct thyself; if it be a lie, laugh at it.”
Epictetus

“When we judge or criticize another person, it says nothing about that person; it merely says something about our own need to be critical.”
Unknown

Well, Epictetus got this one down. Listen to criticism. If you feel that there is some relevance to it explore how you can change yourself. But also recognize that lot of the time criticism is mostly about the other person.

Maybe s/he has had a bad day. Maybe a pet or child is sick. Maybe s/he is jealous of you or angry at someone else. Since people often are centred on themselves it’s easy to make a mistake here. Someone may criticise you but is actually focused on something in their own life. And you are probably also focused on yourself. And therefore you draw the conclusion that the criticism must have something to do with you.

But the world doesn’t revolve around you. Which is bad if you want more attention and validation from others.

On the other hand, it can be liberating since people don’t seem to care that much about what you do. The big problem of not daring to do something because you’re afraid of what people may say becomes a smaller obstacle.

4. Don’t babble on and on.

“The less people speak of their greatness, the more we think of it.”
Sir Francis Bacon

“The more you say, the less people remember.”
François Fénelon

This one’s connected to listening. If you talk and talk there will be little time, energy or focus for listening. But if you start to focus outward then your mind will become more focused and you’ll spend less time babbling for too long about something. If you want more reasons to stop babbling and start simplifying check out 5 Reason to Simplify What You Say, and How to Do It.

5. Treat others as you would like them to treat you.

“The people with whom you work reflect your own attitude. If you are suspicious, unfriendly and condescending, you will find these unlovely traits echoed all about you. But if you are on your best behaviour, you will bring out the best in the persons with whom you are going to spend most of your working hours.”
Beatrice Vincent

“It’s so easy to laugh, it’s so easy to hate. It takes guts to be gentle and kind.”
Morrissey

The Law of Reciprocity is strong in humans. As you treat someone else s/he will feel like treating you. Maybe not today or tomorrow. But over time these things have a way of evening out.

One of the most important things in relationships and conversations is your attitude. It determines a lot about your interactions and how you treat other people.

The attitude you have, the lens you hold up and view the world through determines what you see. And the thoughts you keep in your mind control how you feel. Your thoughts and feelings direct how you say something and what your hands, eyes, posture etc. says through body language.

So even if you say nice words you may create an different feeling in the person you are talking to because your thoughts, feelings, voice tonality and body language aren’t aligned with your words. And words are only 7 percent of communication. So the attitude behind your words is absolutely crucial.

6. Keep a positive attitude.

“I am convinced that attitude is the key to success or failure in almost any of life’s endeavors. Your attitude - your perspective, your outlook, how you feel about yourself, how you feel about other people - determines you priorities, your actions, your values. Your attitude determines how you interact with other people and how you interact with yourself.”
Carolyn Warner

“Two men look out the same prison bars; one sees mud and the other stars.”
Frederick Langbridge

“Constant kindness can accomplish much. As the sun makes ice melt, kindness causes misunderstanding, mistrust and hostility to evaporate.”
Albert Schweitzer

If your attitude is so important then what can you do about it? One good tip, that has worked for very long, is simply to keep a positive attitude. And by that I don’t mean that you should just react in a positive way to events in your life that may be seen by society as positive. For instance, getting a raise in salary, an A on an exam or winning a competition.

But before I continue with that train of thought I’d just like to say something about negativity. I wouldn’t say that it is all bad. I wouldn’t say that people want to get away from negative people all of the time. Sometimes you can find camaraderie in complaining about your boss, job, salary and the government. But overall and long-term I think that going positive is the more useful and fulfilling approach.

Now, what I mean with adopting a positive attitude is choosing to stay positive regardless of your external circumstances. You may not be able to do this all the time, but being positive is habit just like eating well or doing your daily exercise. It can be hard to get started and slow going at first. But when your mind gets used to this new behaviour it becomes almost automatic. Your mind just starts to interpret reality in a different way than it did before.

Instead of seeing problems everywhere it starts to zoom in on opportunities and what’s good about just about any situation. Instead of sighing and feeling like you’re working in an uphill rut you’ll find reasons to be grateful and happy.

Yeah, I know, it might sound like wishful thinking. But it really works. The problem is just that it is difficult to see this - and to realise that you can actually change - from a current worldview and attitude that may be a bit more negative.

If you’d like to read more about this, have a look at Take the Positivity Challenge for some more reasons to change your attitude – they include making better first impressions and becoming more attractive - and how to do it.

7. Use silence.

“A good word is an easy obligation; but not to speak ill requires only our silence; which costs us nothing.”
John Tillotson

“Be silent, or say something better than silence.”
Pythagoras

“It’s good to shut up sometimes.”
Marcel Marceau

There are several good reasons to learn to be more silent. It will help you to develop your listening skills. And instead of saying something you wish you didn’t you can learn to keep your piehole closed. This can help you avoid unnecessary arguments and reduce the hurt you do unto others by, for example, criticising.

Sitting in silence day in and day out while your inner pressure builds up is of course not good. Then you may need speak up, take charge and change whatever it is in your environment that causes the problem. But often a great deal of negative things can be avoided just by calmly staying silent.

8. Communicate with more than your words.

“They may forget what you said, but they will never forget how you made them feel.”
Carl W. Buechner

“I speak two languages, English and Body.”
Mae West

“We often refuse to accept an idea merely because the tone of voice in which it has been expressed is unsympathetic to us.”
Friedrich Nietzsche

The words you use are just a small part of communication. How you use your tone of voice and your body language is over 90 percent of what you are communicating.

To become a better communicator these two areas are ridiculously important. You can for instance improve how you say something by loading your words with more emotions. If you use tip # 6 - Keep a positive attitude - this often improves kinda automatically. You’ll naturally convey more enthusiasm and positive emotions through your voice.

Your attitude, as mentioned before, also has big impact on your body language. If you feel relaxed, open and positive this comes through in how you use your body.

You may want check out these additional 17 body language tips though. Just to be on the safe side. And to not repeat and reinforce some old and ingrained body language habits.

Manually correcting your body language can be useful. When you for instance are listening, you can lean in and keep eye contact to reinforce that you are actually listening. If you keep your body language interested you’ll also be able to keep your focus and interest longer since emotions can work backwards. As your body is “interested” your mind becomes interested and focused on what is said.

Top 10 Most Expensive Libations

Many like to tilt one back now and again — or again and again. And the price of alcohol, in its various guises, ranges from free jailhouse hooch to holy shit! For the budget-conscious boozer there’s a certain cost-benefit analysis to purchasing your tipple of choice. For the uber-rich, getting lit never cost so much. Is it worth the price, or a case of fools and their money?

So we’re talking wine, Bourbon, Scotch, beer, Cognac, you name it. Some in the list are artifacts of history, some are still being made, and some are just plain kitsch. Ten different permutations of ethyl alcohol; the high cost of getting high:

10. $100 Market Price — $7,686 for One Bottle of Beer

It stands to reason that the working man’s Champagne is the only product on this list that the working man can afford. But at $100 a bottle, Sam Adams’s “Utopias” is too rich for my blood alcohol level. It does come bottled in a cute, brewing-kettle shaped bottle, and with an alcohol content of 25% by volume (strongest beer in the world), it gives a bit of bang for the buck.

However, $7,686 was paid at auction for the first bottle of Tutankhamun Ale. It was developed by Cambridge University scientists who gleaned the recipe from hieroglyphics and brewing dregs from the catacombs of one of Tut’s in-laws. The remaining lot of beer was sold for about $76 per bottle.

9. $350 Bourbon

Evan Williams 23 year old Bourbon tops the bourbon elite with a price tag of $350. It is available only at the distillery.

8. $10,000 Cognac

The big Cognac houses always seem to one-up each other for the distinction of super-duper-ultra-deluxe-mega-killer-kick-A Cognac. The latest entry is Remy Martin’s venerable Louis XIII’s upscale “Black Pearl,” selling for over $10,000 a bottle. Unlike the regular Louis XIII bottling (about $1500), Black Pearl is blended from 1200 different eau-de-vie raging in age from 40 to 100 years. It’s so exclusive that it’s sold by invitation only. Lowlifes can’t even look at the product at their website without a password. (Oo la la!)

7. $14,730 Bottle of Champagne

Yes, I know Champagne is wine and I already have a wine category, but it deserves a special category because it’s… well its Champagne!

In 2005, a Methuselah of 1990 Louis Roederer Cristal, fetched $14,730 at auction. A Methuselah (explanation) is a giant bottle of Champagne equal to eight regular sized (750ml) bottles. So, really it was only like $1,841.25 a bottle. What a deal!

6. $54,000 Rum

Irie irie, mon! Jamaican rum for $54,000? Four bottles of this rum bottled in the 1940’s were discovered recently. Why it’s believed to be so valuable, I do not know. I didn’t think rum was trendy enough to fetch this price. Maybe Bob Marley pickled something in it.

5. $75,000 Scotch Whisky

With a release price of $38,000, a bottle of The Macallan “Fine and Rare Collection,” 1926, was sold to a South Korean businessman in 2005 for $75,000. Unlike many other products on this list, this bottle is not a collectable for collection’s sake, nor an excuse for a lavish bottle. The money paid for this Scotch is money paid for the stuff in the bottle, and it‘s meant to be drunk. For these reasons, I elect The Macallan as the most expensive social lubricant on Earth. If you’d care to try it without investing in a whole bottle, an Atlantic City casino sells a 2oz. pour for only $3,300!

4. $160,000 Bottle of Wine

At a 1985 Sotheby’s auction, a bottle of 1787 Chateau Lafite was purchased for $160,000. Even without adjusting for inflation, this still stands as the most expensive bottle of wine ever sold (or bought even). Why so much for an undrinkable bottle of rotted vinegar? This relic was in the proud possession of Thomas Jefferson, whose initials are etched into the bottle.

3. $200,000 Bottle of Irish Whisky

Found in 2005, this century-old bottle is from Ireland’s Nun’s Island distillery (defunct since 1908). Attempts to locate a sample came to naught until a lady, unsolicited, walked into a liquor store with a bottle in hand. She thought it “might be worth something” and wanted to see if the proprietor knew what it might be worth. It’s worth something, but priced at over $200,000 it has yet to sell in over 2 years. When it sells, it will be by far the most expensive bottle of whisky or whiskey. Any takers?

2. $1,000,000+ Bottle of Vodka?

How crazy will the trendy, high-end vodka craze get? I’ve always been fairly certain vodka is all about a cool bottle and a hip name. Now I’m certain. “Diva” vodka seeks to trump all-comers — game, set, and burp. This triple distilled vodka, like many other vodkas, is also charcoal filtered. The charcoal in Diva’s case comes from a different array of carbon bonds; the vodka is filtered through crushed diamonds. But what really ups the price is the custom-made bottle. Inside each bottle is an array of real gemstones, the quantity and quality of which depend on how much you’re willing to pay. A high-end bottle of Diva (“low-end” being $3,700) will cost you more than a million dollars. Wanna do shots?

1. $1,500,000 Bottle of Tequila?

Tequila Ley .925 sells a 6 year old 100% Blue Agave Tequila in a pure platinum bottle for $225,000. Yes, some sucker actually bought one. If you’re on a budget, you can get the half-gold, half-platinum version for $150,000.

The company now produces a one million Euro bottle ($1.5 million USD) which is platinum encrusted with diamonds. They must be a bit hard-pressed to sell it, since they offer a one hundred thousand Euro finder’s fee if you can find a buyer. If the bottle sells, it’ll be the most expensive bottle of any alcohol. Curiously, the company is not too discriminating as to what goes in the bottle; they’ll fill it with some Cognac if you prefer.

BONUS: Most Expensive Bottle of Wine Never Sold?

In 1989, another of Thomas Jefferson’s Bordeaux’s (this time a 1787 Chateau Margaux) was taken to the Four Seasons restaurant in New York to show it off. Near the end of the evening, a waiter bumped the dinner table and upended the wine, resulting in a total loss. A total insured loss of $225,000. Cheers!

Contributor: crubel

How Risking Failure Can Make You Happier

from john place online . com

Have you ever thought about taking a chance? Risking failure?

Maybe right now you’re thinking about starting a business, running a marathon, learning a new skill, or going back to school. Maybe you’re thinking about doing something simple, like asking your boss for a raise, or something complex, like trying to convince your board of directors to pursue a multi-million dollar business venture. Maybe you’re thinking about asking someone new out on a date, investing in a promising new stock, or changing careers.

With all these opportunities at your fingertips, what’s keeping you from taking a chance?

If your answer to that question involves fear of failure, listen up. The field of positive psychology suggests that you’re much more likely to regret “failing to act” than “acting and failing.”

If you’re looking for a little incentive to take a big chance, consider these words from Harvard Psychologist Daniel Gilbert:

In the long run, people of every age and in every walk of life seem to regret not having done things much more than they regret things they did, which is why the most popular regrets include not going to college, not grasping profitable business opportunities, and not spending enough time with family and friends.

We’ve got a lot of ideas about what decisions we’ll live to regret, and many of these ideas are just plain wrong.

Case in point: Let’s say that you own Stock in ACME Corporation. Last year, you thought about switching to stock in Big-Profit corporation, but decided against it, and now you’ve learned that you would have made an extra $1,000 dollars if you’d made the switch. Conversely, let’s say that during the same time you bought shares in RipOff Industries and ended up losing $1,000. Which of these two scenarios do you think you would regret the most? The foolish action? Or the foolish inaction?

According to Gilbert:

Studies show that 9 out of 10 people expect to feel more regret when they foolishly switch stocks than when they foolishly fail to switch stocks, because most people think they will regret foolish actions more than foolish inactions. But studies also show that 9 out of 10 people are wrong.

So why do foolish actions tend to make us happier than foolish inactions? The answer is simple: we learn from our failures.

Although it is possible to learn lessons by watching the failures of others and by reminiscing about all our lost opportunities, those lessons are not as immediate or tactile as those learned through hands-on trial and error. Put more simply, when you try hard to achieve something and fail despite your best effort, you are often able to justify your hard work with stories of valuable lessons learned and the quality of the experience itself.

But if you passively watch your opportunities evaporate, you’ll have no such justification.

Of course, this doesn’t mean we should jump at every high-risk opportunity, nor does it make the analysis of those opportunities easier.

But it does suggest that if you’ve been considering a big life-change for a while now, have weighed the pros and cons, and are sure you want to do it — and the only thing holding you back is fear of failure — your best play might be to go for it.

The half ton man

Patrick Deuel is the world’s heaviest man - almost 1100 pounds. This documentary opens with paramedics removing a wall of his house in Valentine, Nebraska and transporting him six hours to a hospital where he spent months trying to lose weight to qualify for a gastric bypass operation.