WEBVTT
1
00:00:09.119 --> 00:00:11.560
Tim TOKENI. This show is brought to you by thewright
2
00:00:11.640 --> 00:00:16.079
one dot Net. Our very special guest today is author
3
00:00:16.440 --> 00:00:20.600
Kyle Young. He wrote the book's success is a numbers game,
4
00:00:21.199 --> 00:00:25.320
achieved bigger goals by changing the odds. Kyle, great to
5
00:00:25.359 --> 00:00:28.519
have you on today. I'll tell us about your background
6
00:00:28.519 --> 00:00:29.120
and where you're from.
7
00:00:29.120 --> 00:00:31.920
Originally, well, I ended up writing this book as a
8
00:00:31.920 --> 00:00:35.000
result of my consulting career, and my consulting career happened
9
00:00:35.039 --> 00:00:38.240
a little bit unexpectedly. I actually went through back to
10
00:00:38.280 --> 00:00:41.280
back layoffs from different leadership positions in a span of
11
00:00:41.320 --> 00:00:44.320
thirteen months. Lost a job, moved across the country, lost
12
00:00:44.359 --> 00:00:47.039
another job. And that did a couple of things to me.
13
00:00:47.079 --> 00:00:49.240
One is I wanted a way to diversify my income.
14
00:00:49.280 --> 00:00:51.200
I was tired of going to my wife and telling
15
00:00:51.240 --> 00:00:53.880
her that I'd lost these leadership positions. The first time,
16
00:00:54.240 --> 00:00:56.240
we just bought our first house, so not an ideal
17
00:00:56.280 --> 00:00:58.240
time to lose a job. The second time, we were
18
00:00:58.280 --> 00:01:00.640
actually in the process of adopting our first child, which
19
00:01:00.679 --> 00:01:03.200
is pretty famously expensive, so again not a great time
20
00:01:03.200 --> 00:01:05.799
to lose your job. So I wanted to diversify my income.
21
00:01:05.840 --> 00:01:09.040
Consulting made sense from that standpoint, what the layoffs really
22
00:01:09.040 --> 00:01:11.680
taught me was in both cases, I was performing well.
23
00:01:11.719 --> 00:01:14.400
I was getting great reviews. People liked me, respected what
24
00:01:14.480 --> 00:01:17.280
I did. In fact, and the first job, I got
25
00:01:17.280 --> 00:01:20.480
the highest performance review the company had given out. I
26
00:01:20.480 --> 00:01:22.640
had turned to department around things were going very well.
27
00:01:23.040 --> 00:01:24.920
The second time, I was so respected for what I
28
00:01:24.959 --> 00:01:27.239
was doing. I had four job offers the day after
29
00:01:27.239 --> 00:01:29.000
the layoff. That was just how many people wanted to
30
00:01:29.040 --> 00:01:31.760
work with me. So it wasn't necessarily a performance issue.
31
00:01:31.879 --> 00:01:34.280
And what that taught me was that, to some extent,
32
00:01:34.319 --> 00:01:37.319
I couldn't just bet on my own performance to make
33
00:01:37.359 --> 00:01:39.400
my career successful. As long as I was working with
34
00:01:39.439 --> 00:01:41.519
these other people, I needed to find ways to try
35
00:01:41.519 --> 00:01:43.760
to make the project successful, even if that was maybe
36
00:01:43.799 --> 00:01:45.959
outside the scope of my job description. I had to
37
00:01:45.959 --> 00:01:48.159
be asking the question, what can I do to make
38
00:01:48.200 --> 00:01:50.439
sure that the organization has the money it needs to
39
00:01:50.439 --> 00:01:51.879
pay people? What can I do to make sure that
40
00:01:51.920 --> 00:01:55.200
the organization is accomplishing its objectives so that I can
41
00:01:55.400 --> 00:01:58.840
stay on the payroll. And so that really developed in
42
00:01:58.879 --> 00:02:01.239
me this folk maybe even a little bit of an
43
00:02:01.280 --> 00:02:04.400
obsession with odds of success. How likely are the projects
44
00:02:04.439 --> 00:02:07.640
I'm involved in to get the outcome that they're looking for,
45
00:02:08.080 --> 00:02:10.960
and so that became really a focus point for my consulting.
46
00:02:11.280 --> 00:02:14.360
That led to some writing with sites like Harvard Business Review, Forbes,
47
00:02:14.400 --> 00:02:17.039
Fast Company, et cetera. And then ultimately I got the
48
00:02:17.080 --> 00:02:18.680
opportunity to write the book, which is kind of a
49
00:02:18.719 --> 00:02:22.840
long form explanation of how I empathize with how frustrating
50
00:02:22.879 --> 00:02:25.360
it is to lose a job, especially too back to back.
51
00:02:25.879 --> 00:02:28.199
I'm going to go off topic here before I get
52
00:02:28.240 --> 00:02:31.759
into the many questions that we loaded Kyle up with.
53
00:02:31.960 --> 00:02:35.400
But when I look back on sure, please say a
54
00:02:35.439 --> 00:02:41.080
similar situation at Pepsi COO where I was leading the
55
00:02:41.120 --> 00:02:44.080
way and had all the numbers and da da Da
56
00:02:44.199 --> 00:02:50.159
da dad, and then the door closed. That happened thirty
57
00:02:50.680 --> 00:02:54.800
some odd years ago. I still have PTSD, which I
58
00:02:54.879 --> 00:03:01.840
call Pepsi COO traumatic. How have you to absolutely emotionally
59
00:03:01.919 --> 00:03:04.120
get over it and not lose sleep?
60
00:03:04.639 --> 00:03:06.879
Well? I don't know if I can in good conscience
61
00:03:06.879 --> 00:03:09.360
say that I've completely solved that problem, because it is
62
00:03:09.400 --> 00:03:11.319
still an issue. I still will get, you know, kind
63
00:03:11.319 --> 00:03:13.240
of cryptic emails once in a while, Hey can you talk?
64
00:03:13.280 --> 00:03:15.400
And I think, oh great, here we go again. One
65
00:03:15.439 --> 00:03:17.400
of the things that has made my life easier, of course,
66
00:03:17.400 --> 00:03:19.560
has been having a diversified income. So I went through
67
00:03:19.639 --> 00:03:23.000
recently what I considered to be a oh, kind of
68
00:03:23.039 --> 00:03:26.159
a frustrating consulting breakup, got an email I didn't anticipate
69
00:03:26.360 --> 00:03:30.560
in a fairly lengthy relationship, was ended abruptly and not
70
00:03:31.039 --> 00:03:32.360
how I would have done it. It's good to be
71
00:03:32.360 --> 00:03:35.680
in a position where it's one client not the source
72
00:03:35.680 --> 00:03:39.159
of your income, so that helps a little bit. But
73
00:03:39.280 --> 00:03:42.520
I wouldn't necessarily say I have a perfect solution. I
74
00:03:42.560 --> 00:03:45.560
agree with what you're saying that it's a dramatic thing
75
00:03:45.759 --> 00:03:48.560
to feel like you're secure in the work that you're doing,
76
00:03:48.680 --> 00:03:50.479
be focused on your own performance, feel like you're doing
77
00:03:50.479 --> 00:03:53.240
a good job, and then find yourself unemployed. There's some
78
00:03:53.479 --> 00:03:56.680
challenging conversations that follow, sometimes with your spouse, your friends,
79
00:03:56.719 --> 00:03:58.719
you know, with the people in your community. So I
80
00:03:59.520 --> 00:04:02.000
can't say that I've completely beaten that. I can't say
81
00:04:02.000 --> 00:04:04.240
that diversified income helps, and I can say that having
82
00:04:04.280 --> 00:04:05.840
some money in the bank homes I really mean that.
83
00:04:05.879 --> 00:04:08.919
I think that having having some runway, you know, having
84
00:04:08.960 --> 00:04:11.319
that rainy day fund, takes a little bit of the
85
00:04:11.400 --> 00:04:13.360
edge off when we worry about something that could go
86
00:04:13.400 --> 00:04:15.759
wrong in our lives, whether that be a layoff or
87
00:04:15.840 --> 00:04:17.680
something else. I'll tell you one more thing, though, which
88
00:04:17.720 --> 00:04:19.560
is to say that that I interned one of my
89
00:04:19.600 --> 00:04:22.720
first big internships was actually with Coca Cola Coke zero,
90
00:04:22.759 --> 00:04:24.519
so I was on the other side. They flew me
91
00:04:24.560 --> 00:04:27.199
down to Atlanta to HQ, and they were trying to
92
00:04:27.240 --> 00:04:30.360
get the Coke zero brands. There's a new version of
93
00:04:30.360 --> 00:04:33.319
Coke zero, a Coke zero sugar or something, but they
94
00:04:33.319 --> 00:04:35.040
were trying to get that new brand at the time
95
00:04:35.199 --> 00:04:37.439
into college campuses, and I was one of I think
96
00:04:37.519 --> 00:04:39.720
forty people they took in around the country and we
97
00:04:39.800 --> 00:04:42.120
got to spend some time at World of Coke headquarters,
98
00:04:42.120 --> 00:04:43.839
and it was an interesting experience.
99
00:04:43.920 --> 00:04:49.160
So I you say that every goal has two hidden
100
00:04:50.120 --> 00:04:55.800
numbers attached, probability of success and probability of failure. From
101
00:04:55.839 --> 00:05:00.279
a truly significant perspective, what inner qualities most inf les
102
00:05:00.360 --> 00:05:01.120
sales numbers?
103
00:05:01.480 --> 00:05:04.920
Well, your inner qualities. If I can, I'll push back
104
00:05:04.920 --> 00:05:06.199
a little bit, which is to say that I think
105
00:05:06.199 --> 00:05:08.000
our inner qualities are some of the things we can
106
00:05:08.079 --> 00:05:10.279
leverage to try to change our odds of success. But
107
00:05:10.439 --> 00:05:12.879
when it comes to what actually determines our odds of success.
108
00:05:12.879 --> 00:05:15.160
It's really a combination of what could go right with
109
00:05:15.199 --> 00:05:17.079
what could go wrong. If we think about the idea
110
00:05:17.079 --> 00:05:18.839
of flipping a coin, if we needed to land on
111
00:05:18.920 --> 00:05:20.839
heads to win the game, we have a fifty percent
112
00:05:20.920 --> 00:05:23.839
chance of winning. Why only fifty percent, Well, because it
113
00:05:23.879 --> 00:05:25.720
might land on tails, and there's a fifty percent chance
114
00:05:25.720 --> 00:05:28.319
it will land on tails. So what I encourage people
115
00:05:28.319 --> 00:05:30.160
to do in the context of a goal is get
116
00:05:30.160 --> 00:05:31.920
really clear on what you want to happen, but then
117
00:05:31.959 --> 00:05:34.399
also get clear on the potential bad outcomes. What are
118
00:05:34.399 --> 00:05:36.319
the things that could happen instead of what you want,
119
00:05:36.800 --> 00:05:39.879
Because ultimately, our odds of success can be understood as
120
00:05:40.040 --> 00:05:42.319
the odds that none of the bad things happen. And
121
00:05:42.360 --> 00:05:44.079
if we want to change our odds of success, one
122
00:05:44.120 --> 00:05:45.920
of the smartest ways we can do that is try
123
00:05:45.959 --> 00:05:49.040
to look at those bad outcomes and find creative ways
124
00:05:49.079 --> 00:05:51.920
to ultimately take some of the risk out of that
125
00:05:52.000 --> 00:05:54.680
actually happening. And so our inner qualities definitely speak to that.
126
00:05:54.759 --> 00:05:57.560
If one of the risks of a goal failing is,
127
00:05:57.560 --> 00:05:59.639
you know, a lack of follow through, then our resilience
128
00:05:59.639 --> 00:06:02.560
CanCERN be something that impacts the odds of success. We
129
00:06:02.600 --> 00:06:05.120
can also use really creative and tangible solutions. I gave
130
00:06:05.120 --> 00:06:08.720
one a minute ago. How can someone consult with confidence
131
00:06:08.800 --> 00:06:10.439
knowing they could lose a client in an email at
132
00:06:10.480 --> 00:06:12.079
any time, or the you know a person could lose
133
00:06:12.079 --> 00:06:14.040
a job at any time. A couple of things you
134
00:06:14.040 --> 00:06:15.639
can do. One is you can try to diversify your
135
00:06:15.639 --> 00:06:17.439
income and others you can try to have some savings
136
00:06:17.480 --> 00:06:19.839
in the bank. Those are things that you know your
137
00:06:19.920 --> 00:06:21.839
qualities will help you accomplish. It's going to take some
138
00:06:21.839 --> 00:06:24.360
self control to build up a nest egg. It's going
139
00:06:24.399 --> 00:06:27.160
to take you know, some resourcefulness to go build a
140
00:06:27.199 --> 00:06:30.240
client tell. But ultimately, if you can be successful in that,
141
00:06:30.279 --> 00:06:32.120
you will take some of the risk out of a
142
00:06:32.160 --> 00:06:33.439
bad email, a bad phone.
143
00:06:33.439 --> 00:06:37.000
With the income, I think you're sharper because of what
144
00:06:37.199 --> 00:06:40.720
happened to you, and you you would not even have
145
00:06:40.839 --> 00:06:44.759
been capable of writing or speaking with such wisdom unless
146
00:06:44.800 --> 00:06:46.040
you had gone through that career.
147
00:06:46.800 --> 00:06:50.000
I've found that pain and suffering are typically a shortcut
148
00:06:50.040 --> 00:06:52.680
to wisdom. Sometimes I wish as.
149
00:06:52.800 --> 00:06:55.600
How much of probability hacking is about strategy.
150
00:06:55.800 --> 00:06:57.360
Well, it's all about strategy, you know. I'll tell you
151
00:06:57.439 --> 00:06:58.959
the story of the first job that I actually got
152
00:06:59.040 --> 00:07:02.600
laid off from. When I graduated from college. I wasn't
153
00:07:02.600 --> 00:07:05.000
really inspired by the entry level positions that I was seeing,
154
00:07:05.160 --> 00:07:07.160
and so I decided to do something a little crazy.
155
00:07:07.399 --> 00:07:09.879
I applied to become the product development director at a
156
00:07:09.879 --> 00:07:12.839
health organization, and I was if I got this job,
157
00:07:12.920 --> 00:07:14.399
I was twenty one years old. I was going to
158
00:07:14.399 --> 00:07:17.240
be managing people who were fifty sixty seventies, people who
159
00:07:17.240 --> 00:07:19.920
were significantly older than I was. Some of them had PhDs,
160
00:07:20.040 --> 00:07:22.879
master's degrees, you know. I had just graduated with the bachelor's.
161
00:07:23.120 --> 00:07:26.079
So this was about fifteen years ago. But I applied
162
00:07:26.120 --> 00:07:28.120
for the job and I actually got an interview, and
163
00:07:28.160 --> 00:07:29.839
I wanted to make the most of it. So the
164
00:07:29.879 --> 00:07:31.920
work of probability hacking, again is getting clear on what
165
00:07:31.959 --> 00:07:33.800
we want. I wanted them to offer me the position
166
00:07:34.279 --> 00:07:36.120
what could happen instead of what I want? What are
167
00:07:36.120 --> 00:07:39.439
the potential bad outcomes? Well? I identified three. The first
168
00:07:39.439 --> 00:07:42.160
one was I thought that they might and I'll tell
169
00:07:42.160 --> 00:07:43.319
you this really quickly. I think when a lot of
170
00:07:43.399 --> 00:07:45.079
us are pursuing goals, we get the advice that we
171
00:07:45.120 --> 00:07:47.639
need to think positive, we need to you know, don't
172
00:07:47.639 --> 00:07:49.319
worry about what could go wrong. If it's meant to happen,
173
00:07:49.360 --> 00:07:52.720
it'll happen. Don't discourage yourself. But I actually give people
174
00:07:52.720 --> 00:07:55.319
the opposite advice. I encourage people to think negative. And
175
00:07:55.360 --> 00:07:57.360
it's not because I'm a pessimist. It's because I think
176
00:07:57.360 --> 00:08:00.319
if we identify those bad outcomes, we can use our creativity,
177
00:08:00.360 --> 00:08:02.720
we can use our inner qualities, try to put ourselves
178
00:08:02.759 --> 00:08:04.160
in a position to take some of the risk out
179
00:08:04.199 --> 00:08:05.839
of those goals. So that's what I did here. I
180
00:08:05.879 --> 00:08:08.240
thought negative, Why would they maybe not give me this job?
181
00:08:08.800 --> 00:08:10.160
One of them was I thought that they might not
182
00:08:10.160 --> 00:08:11.680
give me the job because of how young I looked.
183
00:08:11.800 --> 00:08:13.199
I might walk in the door, they take a look
184
00:08:13.199 --> 00:08:15.199
at me and say, he can't manage this team. You know,
185
00:08:15.199 --> 00:08:17.839
we don't have confidence he can do that. So a
186
00:08:17.879 --> 00:08:21.120
really simple hacked, a really simple solution that I tried
187
00:08:21.160 --> 00:08:23.319
in response to that was I grew a beard. Just
188
00:08:23.319 --> 00:08:24.759
made me look a little bit older, took some of
189
00:08:24.759 --> 00:08:26.759
the edge off of how young. Didn't change how old
190
00:08:26.759 --> 00:08:28.319
I was, but it changed how old I looked to
191
00:08:28.319 --> 00:08:31.160
some extent. Another risk that I perceived going into that
192
00:08:31.199 --> 00:08:33.279
was they might be concerned about my lack of experience,
193
00:08:33.720 --> 00:08:36.279
and I couldn't change my experience. I couldn't conjure a
194
00:08:36.279 --> 00:08:38.919
better resume overnight. I wasn't going to lie. But what
195
00:08:38.960 --> 00:08:40.279
I could do is I could try to change the
196
00:08:40.279 --> 00:08:42.799
conversation a little bit. So I actually typed up a
197
00:08:42.799 --> 00:08:44.759
plan for how I was going to turn this department around.
198
00:08:44.799 --> 00:08:47.080
I given the job, and when they asked questions about
199
00:08:47.080 --> 00:08:49.840
my past experience, I would redirect my conversation or redirect
200
00:08:49.840 --> 00:08:51.840
the conversation to be about this plan that I typed
201
00:08:51.919 --> 00:08:54.200
up Cyril Bound. It was a book that I'd written
202
00:08:54.200 --> 00:08:56.720
about the future of the department. A third and final
203
00:08:56.799 --> 00:08:58.840
risk that I identified was maybe they wouldn't hire me
204
00:08:58.840 --> 00:09:00.840
because they thought I couldn't fit in with the existing team,
205
00:09:00.840 --> 00:09:03.039
maybe because of just the big age gap. So one
206
00:09:03.080 --> 00:09:04.480
of the things I did then and I still use
207
00:09:04.519 --> 00:09:06.919
this trick today, is I asked if they read any
208
00:09:06.960 --> 00:09:09.720
books recently as a team, and they sent over a
209
00:09:09.759 --> 00:09:11.799
few titles. I read every single one of them, and
210
00:09:11.840 --> 00:09:13.960
when I went into the interviews, I was able to
211
00:09:13.960 --> 00:09:16.720
make inside jokes. I knew the frameworks that they were using.
212
00:09:16.759 --> 00:09:18.919
I could you know, I understood their jargon. We were
213
00:09:18.919 --> 00:09:21.000
speaking the same language because we'd all read the same books,
214
00:09:21.200 --> 00:09:23.120
and that gave me an inside edge. So I ended
215
00:09:23.200 --> 00:09:25.080
up getting that job. I became the twenty one year
216
00:09:25.080 --> 00:09:27.720
old product development director at a health organization. I would
217
00:09:27.759 --> 00:09:30.720
later get laid off, but it dramatically accelerated my career,
218
00:09:30.759 --> 00:09:32.440
helped me get the second job, and helped me made
219
00:09:32.440 --> 00:09:35.519
the connections. It ultimately led to the consulting opportunity. So
220
00:09:35.559 --> 00:09:37.600
your question how much of this has to do with strategy,
221
00:09:37.679 --> 00:09:39.759
It's really all strategy. You can do this without any
222
00:09:39.799 --> 00:09:42.240
numbers at all. The key is identify what has to
223
00:09:42.279 --> 00:09:44.799
go right, identify what could go wrong, and then use
224
00:09:44.840 --> 00:09:47.120
your creativity and use those inner qualities to try to
225
00:09:47.159 --> 00:09:49.240
take as much risk as possible out of your goals.
226
00:09:50.279 --> 00:09:55.480
That tells me that if people will read truly significant
227
00:09:56.600 --> 00:10:00.519
or success is a numbers game or aligning the odds,
228
00:10:01.720 --> 00:10:06.639
they may they may have a an advantage to getting
229
00:10:06.639 --> 00:10:07.159
some of those two.
230
00:10:08.759 --> 00:10:09.600
I think they would.
231
00:10:10.360 --> 00:10:16.200
Realize that your own mindset might have been lowering your
232
00:10:16.240 --> 00:10:17.519
probability of success.
233
00:10:18.919 --> 00:10:21.240
Well, there are certainly moments where your mindset can lower
234
00:10:21.279 --> 00:10:23.840
your odds of success, but frankly, there are also moments
235
00:10:23.840 --> 00:10:26.120
where your mindset can cause you to overestimate your odds
236
00:10:26.120 --> 00:10:28.240
of success. And that's why I encourage people to create
237
00:10:28.240 --> 00:10:31.200
a success diagram. If you do that, you can actually
238
00:10:31.679 --> 00:10:35.200
align around more realistic expectations. So I'll give an example
239
00:10:35.200 --> 00:10:37.279
of what that is. Let's say that you're training to
240
00:10:37.360 --> 00:10:39.320
run a marathon. I'm about to run a half marathon
241
00:10:39.320 --> 00:10:40.919
in a couple of weeks, which I've never done before,
242
00:10:40.960 --> 00:10:42.879
so wish me luck. But let's say that you're training
243
00:10:42.919 --> 00:10:45.240
to run a marathon and you want to get a
244
00:10:45.279 --> 00:10:46.720
sense of how likely you are to be able to
245
00:10:46.720 --> 00:10:49.480
accomplish that goal. Let's say you've hired a running coach
246
00:10:49.600 --> 00:10:51.320
and she tells you there's three things you're going to
247
00:10:51.399 --> 00:10:53.519
have to do in order to be successful on race day.
248
00:10:53.600 --> 00:10:55.360
She's going to create some plans for you, and you're
249
00:10:55.360 --> 00:10:58.000
going to have to eat, sleep, and train according to
250
00:10:58.039 --> 00:11:00.720
these plans. And if you cheat any of those three things,
251
00:11:00.759 --> 00:11:02.320
you're not going to be able to get ready in time.
252
00:11:02.919 --> 00:11:04.519
So in this goal, there's three things that have to
253
00:11:04.559 --> 00:11:07.039
go right. So if I were creating a success diagram,
254
00:11:07.039 --> 00:11:09.080
I would write down eat the way I'm supposed to sleep,
255
00:11:09.120 --> 00:11:10.919
the way I'm supposed to train, the way I'm supposed
256
00:11:10.919 --> 00:11:12.679
to on a sheet of paper, and at the end
257
00:11:12.720 --> 00:11:15.639
the goal is successfully run a marathon. And then for
258
00:11:15.679 --> 00:11:17.639
each of those things that could go right, i'd well
259
00:11:17.720 --> 00:11:19.799
that need to go right. I'd try to identify the
260
00:11:19.840 --> 00:11:22.360
things that could potentially go wrong. But the way we
261
00:11:22.399 --> 00:11:24.360
can get a sense of our odds of success, we can
262
00:11:24.440 --> 00:11:27.960
avoid overconfidence but also maybe avoid a mindset that hurts
263
00:11:27.960 --> 00:11:30.039
our odds of success, is we need to just do
264
00:11:30.080 --> 00:11:31.799
a little bit of estimating how likely do we think
265
00:11:31.799 --> 00:11:33.039
we are to be able to stick with each of
266
00:11:33.039 --> 00:11:34.720
those three things. Then this is where a lot of
267
00:11:34.720 --> 00:11:36.600
people make a big mistake, and this is what I
268
00:11:36.600 --> 00:11:38.720
think accounts for a huge amount of the failure we
269
00:11:38.759 --> 00:11:40.759
see in our world. Exactly what you're describing how a
270
00:11:40.840 --> 00:11:44.399
mindset hurts our odds of success. Let's say that, just
271
00:11:44.440 --> 00:11:47.080
for really easy numbers, we think it's seventy percent across
272
00:11:47.080 --> 00:11:48.840
the board, seventy percent chance I'll eat the way I'm
273
00:11:48.840 --> 00:11:50.840
supposed to, seventy percent chance I'll sleep the way I'm
274
00:11:50.840 --> 00:11:53.000
supposed to, seventy percent chance I'll train the way I'm
275
00:11:53.000 --> 00:11:55.720
supposed to for this period of time. A lot of
276
00:11:55.759 --> 00:11:58.639
people fall into a trap called averaging. If they feel
277
00:11:58.679 --> 00:12:02.480
good about the individual's required to accomplish a goal, they
278
00:12:02.480 --> 00:12:05.320
feel good about the goal as a whole. That actually
279
00:12:05.360 --> 00:12:07.279
isn't how it works. If we want to understand how
280
00:12:07.360 --> 00:12:09.519
likely we are to accomplish a goal, we can't average.
281
00:12:09.720 --> 00:12:13.039
We actually have to multiply. That's the true mathematical solution
282
00:12:13.159 --> 00:12:16.200
to this question. And if we multiply that out point
283
00:12:16.200 --> 00:12:18.919
seven times point seven times point seven, we find that
284
00:12:18.960 --> 00:12:20.840
we only have a thirty four percent chance of being
285
00:12:20.879 --> 00:12:23.080
ready on race day. Even though we feel good about
286
00:12:23.080 --> 00:12:25.840
each of these individual things, this goal is an expected failure.
287
00:12:27.080 --> 00:12:29.600
And this, I think explains exactly what you described, which
288
00:12:29.639 --> 00:12:32.120
is how mindsets can impact our odds of success. If
289
00:12:32.120 --> 00:12:34.840
people are falling into traps like averaging, and they aren't
290
00:12:34.879 --> 00:12:38.159
then intentional about optimizing what they can do to take
291
00:12:38.200 --> 00:12:39.960
the risk out of their goals, then a lot of
292
00:12:40.000 --> 00:12:41.799
times we have people who are pursuing a goal they
293
00:12:41.799 --> 00:12:44.600
think is supposed to succeed, when if they understood the math,
294
00:12:44.600 --> 00:12:47.039
they would realize it's actually supposed to fail. And do
295
00:12:47.080 --> 00:12:49.080
we see things in our world that you know, support
296
00:12:49.080 --> 00:12:50.960
that theory? I think so. When we think of how
297
00:12:51.000 --> 00:12:53.440
many people fail at their New Year's resolutions, like ninety
298
00:12:53.480 --> 00:12:55.320
two percent, some studies say, I have no idea how
299
00:12:55.360 --> 00:12:57.360
accurate that is, But lots and lots of people are
300
00:12:57.399 --> 00:12:59.559
unable to succeed their New year's resolutions. You know, we
301
00:12:59.559 --> 00:13:01.639
hear status it's like nine out of ten businesses fail.
302
00:13:02.000 --> 00:13:04.279
We hear that the majority of mergers and acquisitions fail
303
00:13:04.320 --> 00:13:08.440
to create lasting shareholder value. Why are so many initiatives failing? Well,
304
00:13:08.440 --> 00:13:10.879
in many cases, it's because people don't realize that they
305
00:13:10.919 --> 00:13:13.759
were expected to fail. So that doesn't mean that we
306
00:13:13.799 --> 00:13:15.559
give into a discouragement. That doesn't mean that we don't
307
00:13:15.559 --> 00:13:18.600
pursue big goals, but we do exactly what I demonstrated
308
00:13:18.639 --> 00:13:21.279
in the previous question. We think strategically, we try to
309
00:13:21.320 --> 00:13:24.240
identify what are the risks that are currently weighing down
310
00:13:24.440 --> 00:13:26.600
our odds of success, because if we can take those
311
00:13:26.679 --> 00:13:29.919
bad outcomes off the table, we can kind of that.
312
00:13:29.960 --> 00:13:31.480
There's an expression of kind of putting a goal on
313
00:13:31.559 --> 00:13:33.480
railroad tracks so it can't get off course. We can
314
00:13:33.559 --> 00:13:35.320
kind of put it on railroad tracks and it's not
315
00:13:35.399 --> 00:13:37.320
able to veer and swerve and it kind of has
316
00:13:37.360 --> 00:13:38.559
to end up where we want it to go.
317
00:13:38.679 --> 00:13:43.879
That is exactly right. Okay, we're talking to author Kyle Young,
318
00:13:44.039 --> 00:13:46.840
and he wrote the book success is a numbers game.
319
00:13:46.960 --> 00:13:49.080
We're going to cut to a commercial. Kyle tell us
320
00:13:49.080 --> 00:13:52.519
where we can buy your book and maybe even get
321
00:13:52.759 --> 00:13:54.039
an autograph copy.
322
00:13:55.399 --> 00:13:57.039
Well, you can get the book anywhere. You can get
323
00:13:57.039 --> 00:13:59.919
it on Amazon, Barnes and Noble, Target, directly on the
324
00:14:00.120 --> 00:14:02.320
on random House website. I'd be honored if you did that.
325
00:14:02.480 --> 00:14:04.200
If you want an autograph copy, I guess, send me
326
00:14:04.240 --> 00:14:05.960
an email and I'd be more than happy to sign
327
00:14:06.000 --> 00:14:07.440
one for you and we'll put it in the mail.
328
00:14:07.440 --> 00:14:09.320
But I tell you what. Find me on LinkedIn, Kyle
329
00:14:09.320 --> 00:14:11.720
Austin Young. I'd be happy then.
330
00:14:11.720 --> 00:14:15.320
Right back with Kyle Young after this special message.
331
00:14:17.960 --> 00:14:20.960
I'm doctor Shannon Poach. I've been a clinical psychologists for
332
00:14:21.000 --> 00:14:24.000
more than two decades. Many of my patients and people
333
00:14:24.039 --> 00:14:26.799
I know are frustrated with the dating apps. They end
334
00:14:26.840 --> 00:14:29.960
up just making them feel lonely. They've learned a lot,
335
00:14:30.240 --> 00:14:33.120
they know themselves better now, but they're tired of repeating
336
00:14:33.120 --> 00:14:37.960
the same relationship patterns. If that feels familiar, you're not alone.
337
00:14:38.639 --> 00:14:41.000
What I see over and over is that dating doesn't
338
00:14:41.000 --> 00:14:44.440
fail because of lack of effort. It fails because people
339
00:14:44.480 --> 00:14:47.679
don't understand and have the insight about their emotional needs
340
00:14:47.960 --> 00:14:50.840
and how to connect with people on the same emotional level.
341
00:14:51.720 --> 00:14:54.840
That's exactly why I created the Right One. If you're
342
00:14:54.879 --> 00:14:57.279
ready for a more intentional way to connect, go to
343
00:14:57.279 --> 00:14:59.559
the Right one dot net and learn what creates lasting
344
00:14:59.600 --> 00:15:03.360
relations and chips. Use the Truly Significant promotion code in
345
00:15:03.799 --> 00:15:07.440
TS five zero and received fifty percent off services for
346
00:15:07.480 --> 00:15:11.080
a limited time. Visit us today at the right one
347
00:15:11.360 --> 00:15:12.039
dot net.
348
00:15:16.720 --> 00:15:19.759
And we're back with author Kyle Young. Hey, Kyle, if
349
00:15:19.799 --> 00:15:26.679
you had changed the title to Significance is a numbers game,
350
00:15:27.639 --> 00:15:30.720
knowing that you're talking to a person who is obsessed
351
00:15:31.799 --> 00:15:35.559
about changing the world from success is Significance, how would
352
00:15:35.559 --> 00:15:36.679
your book have been different?
353
00:15:40.759 --> 00:15:42.960
Well, I'm not sure it would be very different because
354
00:15:42.960 --> 00:15:44.320
a lot of the goals that I teach people how
355
00:15:44.360 --> 00:15:47.200
to accomplish in the book are about significance. I talk
356
00:15:47.279 --> 00:15:50.720
about goals like you know, wanting to maybe help people
357
00:15:50.840 --> 00:15:53.240
live longer and experience more joy in their lives. I
358
00:15:53.279 --> 00:15:56.919
talk about goals related to justice and people who wanted
359
00:15:56.919 --> 00:15:58.879
to make a difference in their community. I worked with
360
00:15:58.919 --> 00:16:00.600
a doctor out of Harvard metas and who wanted to
361
00:16:00.679 --> 00:16:03.480
change the national conversation around cancer, So I think a
362
00:16:03.519 --> 00:16:06.000
lot of these goals can have really significant undertones. What
363
00:16:06.000 --> 00:16:09.600
I would encourage people to recognize is that every goal,
364
00:16:09.840 --> 00:16:13.720
no matter how missional the motivation, is still going to
365
00:16:13.720 --> 00:16:15.840
have two hidden numbers attached to it, odds of success
366
00:16:15.840 --> 00:16:18.720
and odds of failure. And if we want to maximize
367
00:16:18.759 --> 00:16:20.840
our impact, you know, just as if we wanted to
368
00:16:20.840 --> 00:16:22.919
maximize our revenue, we need to do what we can
369
00:16:23.000 --> 00:16:24.720
to tilt the odds in our favor. And I think
370
00:16:24.759 --> 00:16:26.120
that when you do that in the context of a
371
00:16:26.159 --> 00:16:28.639
single goal, you can change your outcome. When you do
372
00:16:28.679 --> 00:16:31.000
that in the context of several goals, you can change
373
00:16:31.039 --> 00:16:33.720
your life, and over time that can change your legacy.
374
00:16:33.919 --> 00:16:37.120
But then, how do you increase the odds that a
375
00:16:37.240 --> 00:16:42.240
team becomes truly significant instead of merely high performing.
376
00:16:45.759 --> 00:16:48.559
Well, it starts with getting a really clear definition of success.
377
00:16:48.600 --> 00:16:49.919
And so that's what we would have to do here.
378
00:16:49.960 --> 00:16:51.720
If we're going to create a success diagram, we need
379
00:16:51.759 --> 00:16:54.480
to be able to have a true past fail or
380
00:16:54.679 --> 00:16:57.919
we accomplish this or we did not accomplish this. So
381
00:16:57.960 --> 00:16:59.759
I'll put that back to you to some extent. Rick
382
00:16:59.799 --> 00:17:01.840
you know, in the context of a success diagram, there's
383
00:17:01.879 --> 00:17:04.000
critical points. There's things that have to go right in
384
00:17:04.079 --> 00:17:06.200
order for you to get what you want. I can't
385
00:17:06.240 --> 00:17:08.200
tell people that for every goal under the sun. Right
386
00:17:08.240 --> 00:17:09.680
if you came to me and said, my goal is
387
00:17:09.720 --> 00:17:13.119
to start a business where I'm a scuba diving instructor, well,
388
00:17:13.160 --> 00:17:14.519
I don't know off the top of my head what
389
00:17:14.680 --> 00:17:16.240
exactly is going to have to go right for you
390
00:17:16.279 --> 00:17:18.519
to become a successful scuba diving instructor. So there's going
391
00:17:18.559 --> 00:17:20.119
to be some research. I can show you how to
392
00:17:20.160 --> 00:17:22.400
create a framework to estimate your odds of success, and
393
00:17:22.400 --> 00:17:24.319
then I can teach you how to ultimately try to
394
00:17:24.359 --> 00:17:27.480
improve those odds of success through strategic thinking. But Rick,
395
00:17:27.519 --> 00:17:29.240
what do you think what are the key ingredients to
396
00:17:29.279 --> 00:17:31.200
building a team that leads with significance.
397
00:17:31.319 --> 00:17:37.799
I think it's about starting with the perspective of it's
398
00:17:37.880 --> 00:17:40.039
not about me, it's about we.
399
00:17:43.599 --> 00:17:45.640
Let's even pause on that. That's great. So one thing
400
00:17:45.680 --> 00:17:47.799
that's going to have to happen. One critical point is
401
00:17:47.799 --> 00:17:50.640
we've got to shift out of me thinking to we thinking.
402
00:17:50.920 --> 00:17:53.200
So now let's think about what are the potential bad outcomes?
403
00:17:53.240 --> 00:17:55.799
What are the things that might keep someone trapped in
404
00:17:55.920 --> 00:17:58.279
me thinking? What have you experienced in your career. What
405
00:17:58.319 --> 00:18:00.359
are some of the things that keep people stuck on
406
00:18:00.400 --> 00:18:06.319
that idea of me? Hmmm, amazing. So we're going to
407
00:18:06.359 --> 00:18:09.079
need to find ways to try to put our employees
408
00:18:09.079 --> 00:18:12.119
in a position where they are not constantly worried about
409
00:18:12.240 --> 00:18:13.519
am I going to be able to pay the bills?
410
00:18:13.559 --> 00:18:15.079
And am I going to be able to provide for
411
00:18:15.119 --> 00:18:17.960
my family? So there might be opportunities from a compensation
412
00:18:18.160 --> 00:18:21.720
structure standpoint. There are also some organizations right now, and
413
00:18:21.799 --> 00:18:24.960
I think this can be used improperly. I very much
414
00:18:25.000 --> 00:18:27.039
believe in paying people a living wage, but there are
415
00:18:27.079 --> 00:18:30.720
some organizations now that are also even providing some financial education,
416
00:18:30.839 --> 00:18:32.359
teaching people how to make their money go a little
417
00:18:32.359 --> 00:18:34.759
bit further in you know, a world where there are
418
00:18:34.839 --> 00:18:36.839
high cost of living, just to kind of help them
419
00:18:36.839 --> 00:18:39.039
on both sides, because sometimes you find you're writing bigger
420
00:18:39.079 --> 00:18:41.519
checks as an organization, but the money's kind of disappearing. Well,
421
00:18:41.559 --> 00:18:43.359
if these people haven't been taught, you know, some basic
422
00:18:43.440 --> 00:18:46.720
financial success principles, then maybe that's where the gap is.
423
00:18:47.000 --> 00:18:48.640
So right there, I think we have an example of
424
00:18:48.720 --> 00:18:50.519
one thing that has to go right is we need
425
00:18:50.519 --> 00:18:53.079
to transition from me to we thinking what's one thing
426
00:18:53.119 --> 00:18:55.599
that could go wrong, Well, it's they might get stuck
427
00:18:55.599 --> 00:18:57.680
in me thinking because of cost of living. They're so
428
00:18:57.759 --> 00:19:00.400
focused on their own needs. You know, psychology teaches us
429
00:19:00.440 --> 00:19:02.240
there's kind of a hierarchy of needs, and one of
430
00:19:02.279 --> 00:19:04.160
the most foundational is we need to be able to eat.
431
00:19:04.319 --> 00:19:05.599
We need to be able to put a roof over
432
00:19:05.640 --> 00:19:08.279
our heads. If not, that's going to distract us from
433
00:19:08.279 --> 00:19:10.400
some of those higher callings that we have an opportunity
434
00:19:10.440 --> 00:19:13.480
to enter into. So we've now done some brainstorming and
435
00:19:13.519 --> 00:19:15.559
we've identified that we need to maybe have a fair
436
00:19:15.599 --> 00:19:18.039
compensation structure. Maybe there's some ways that we could provide
437
00:19:18.079 --> 00:19:20.799
some free financial education to team members so that they
438
00:19:20.799 --> 00:19:22.480
can make the most of the money that they do have,
439
00:19:22.839 --> 00:19:25.079
and in doing so put them in a position where
440
00:19:25.119 --> 00:19:27.400
one of those risks is taken off the table. So
441
00:19:27.440 --> 00:19:29.440
we've increased the odds a little bit that they'll be
442
00:19:29.480 --> 00:19:31.680
able to transition to we thinking. And if we do
443
00:19:31.759 --> 00:19:33.759
that across all of the steps that it's going to
444
00:19:33.759 --> 00:19:36.160
be required, we can build that significant team.
445
00:19:35.920 --> 00:19:44.119
And inside that is a team that has character and
446
00:19:44.319 --> 00:19:51.920
authenticity and heart. And what we've learned over the course
447
00:19:52.160 --> 00:19:57.880
of four thousand podcasts is you can actually teach children
448
00:19:57.960 --> 00:20:01.480
how to have big hearts and teach generosity. So it
449
00:20:01.519 --> 00:20:07.200
starts at it that in your experience, does character and
450
00:20:07.319 --> 00:20:10.359
integrity actually compound the way capital does.
451
00:20:14.880 --> 00:20:17.880
Absolutely, because the reality is so many of the goals
452
00:20:17.920 --> 00:20:21.119
that we want to accomplish are going to involve relationships.
453
00:20:21.319 --> 00:20:23.920
It's going to be very uncommon for you to accomplish
454
00:20:23.960 --> 00:20:27.640
anything significant without the help of other people. And if
455
00:20:27.680 --> 00:20:30.559
you are not conducting yourself with integrity, if there's not
456
00:20:30.759 --> 00:20:33.559
character in what you're doing, then you're putting yourself in
457
00:20:33.559 --> 00:20:35.279
a position where you might be able to accomplish one
458
00:20:35.319 --> 00:20:38.119
goal where at the end of it you've cheated everybody else,
459
00:20:38.160 --> 00:20:40.920
You've swindled everybody else. It might work once, probably not
460
00:20:40.920 --> 00:20:43.200
going to work twice, very unlikely that's going to work
461
00:20:43.200 --> 00:20:45.559
three times. So you put yourself in a position where
462
00:20:45.680 --> 00:20:47.599
it's kind of short term thinking. Like you said that,
463
00:20:47.680 --> 00:20:50.680
me thinking versus the we thinking. On the contrary, when
464
00:20:50.720 --> 00:20:52.720
we are looking out for each other's interests, not just
465
00:20:52.759 --> 00:20:54.559
our own, we put ourselves in a position where we
466
00:20:54.599 --> 00:20:57.880
can develop trust, which can become an enormous source of
467
00:20:57.920 --> 00:21:02.640
competitive advantage. I have had so many successful client relationships
468
00:21:02.839 --> 00:21:05.119
where the reason I got hired instead of somebody else.
469
00:21:05.200 --> 00:21:07.000
Was They trusted me, And a lot of times that
470
00:21:07.079 --> 00:21:10.240
trust came from a referral. It came from somebody else swearing,
471
00:21:10.599 --> 00:21:12.240
this is somebody who's going to do what he says
472
00:21:12.240 --> 00:21:13.799
he's going to do. You know, I had a really
473
00:21:13.880 --> 00:21:16.240
interesting conversation early in my career. This was over a
474
00:21:16.279 --> 00:21:18.440
decade ago. I got a call from the CEO of
475
00:21:18.440 --> 00:21:20.920
a biotech company I was working with, and it was
476
00:21:20.960 --> 00:21:22.759
dinner time. I didn't usually hear from this guy this
477
00:21:22.839 --> 00:21:24.960
late at night, and I thought, oh goodness, this could
478
00:21:24.960 --> 00:21:26.960
be anything. You know, Like you said, you have some
479
00:21:27.039 --> 00:21:29.400
of those that PTSD and I thought, oh, this might
480
00:21:29.440 --> 00:21:31.640
be one of those kinds of phone calls. I answered
481
00:21:31.640 --> 00:21:33.119
the call. He said, Hey, sorry to interrupt dinner. I
482
00:21:33.119 --> 00:21:34.559
just really needed to tell you something and I needed
483
00:21:34.599 --> 00:21:36.319
to say it right away. I thought, all right, you
484
00:21:36.319 --> 00:21:38.240
know what do you need to tell me? And he said,
485
00:21:38.440 --> 00:21:41.160
we had a meeting earlier today and we realized you're
486
00:21:41.200 --> 00:21:44.440
the first consultant we've ever worked with who did exactly
487
00:21:44.480 --> 00:21:47.079
what he said he was going to do. And once
488
00:21:47.119 --> 00:21:49.319
I had that phone call, that became the new standard
489
00:21:49.359 --> 00:21:51.880
for me. It wasn't about I need to have, you know,
490
00:21:52.160 --> 00:21:54.119
the nicest car I want to be the best at
491
00:21:54.119 --> 00:21:55.720
this or that or the other. If I could just
492
00:21:55.759 --> 00:21:57.720
make a career out of people saying he said he
493
00:21:57.759 --> 00:21:59.519
was going to do X, and he did X, so
494
00:21:59.599 --> 00:22:01.400
that was good enough for me. And I think that
495
00:22:01.400 --> 00:22:02.880
that's one of the things that's allowed me to grow
496
00:22:02.920 --> 00:22:04.799
this career. Because again, if you have goals that involve
497
00:22:04.839 --> 00:22:06.920
other people, and pretty much all of them do, then
498
00:22:07.039 --> 00:22:08.359
character is going to be a big part of how
499
00:22:08.359 --> 00:22:09.839
you are in trust, and trust is going to be
500
00:22:09.839 --> 00:22:10.799
a big part of how you get what.
501
00:22:10.839 --> 00:22:16.200
You are right. Okay, that having been said, When you people,
502
00:22:16.240 --> 00:22:19.279
when you buy this book, success is a numbers game.
503
00:22:19.319 --> 00:22:24.000
You're getting a framework, and I think everyone needs frameworks.
504
00:22:24.160 --> 00:22:27.000
So how do you want your framework to change not
505
00:22:27.200 --> 00:22:28.839
just outcomes, but people.
506
00:22:33.519 --> 00:22:36.000
Well, one of the biggest impacts that I'm hoping to
507
00:22:36.000 --> 00:22:37.559
have through the book is I want to put people
508
00:22:37.559 --> 00:22:41.119
in a position where they feel a sense of ownership
509
00:22:41.160 --> 00:22:43.240
in their own lives. I think a lot of people
510
00:22:43.240 --> 00:22:46.359
believe that success is reserved for two kinds of people.
511
00:22:46.440 --> 00:22:48.920
People who are just incredibly talented. You know, we think
512
00:22:48.960 --> 00:22:52.279
about a basketball player like Victor Winmbin Yama he's like
513
00:22:52.359 --> 00:22:55.440
seven foot six or something insane, and so of course
514
00:22:55.480 --> 00:22:58.079
he's going to be successfully he's seven foot six. I
515
00:22:58.079 --> 00:22:59.640
think a lot of people think that success is for
516
00:22:59.680 --> 00:23:01.920
that type person, and maybe also for people who get
517
00:23:01.960 --> 00:23:04.240
really lucky. In the book, I tell the story of
518
00:23:04.279 --> 00:23:08.119
Norma Jean Doherty. She's working at an aviation munitions factory
519
00:23:08.200 --> 00:23:10.839
during the war when a photographer comes to take pictures
520
00:23:10.839 --> 00:23:13.680
for a military magazine designed to inspire the troops with
521
00:23:13.720 --> 00:23:16.359
all the manufacturing going on back home, and when he
522
00:23:16.400 --> 00:23:18.519
meets Norma Jean, he notices that she's a lovely woman.
523
00:23:18.519 --> 00:23:19.799
He says, can I take some pictures of you from
524
00:23:19.839 --> 00:23:22.240
magazines and we'll submit them and see if maybe there's
525
00:23:22.240 --> 00:23:24.880
a career for you there. She says, sure, let's try it.
526
00:23:24.880 --> 00:23:26.920
It goes really well, so well, in fact, that she
527
00:23:27.000 --> 00:23:29.799
ends up becoming an actress and has incredible success under
528
00:23:29.799 --> 00:23:33.119
the stage name Marilyn Monroe. Now that's a pretty remarkable
529
00:23:33.160 --> 00:23:37.200
story of success. But is that the kind of success
530
00:23:37.200 --> 00:23:39.319
we would want to reverse engineer? If somebody came to
531
00:23:39.319 --> 00:23:40.920
me and said I want to be a successful movie star,
532
00:23:40.960 --> 00:23:42.599
would I say, now, we need to get you a
533
00:23:42.640 --> 00:23:45.599
factory job just in case a photographer happens to stop
534
00:23:45.640 --> 00:23:48.559
by someday. No, that's a very unlikely success. That's somebody
535
00:23:48.559 --> 00:23:51.160
who got very, very very lucky working at a factory
536
00:23:51.319 --> 00:23:53.400
and that leads them to become a movie star. So
537
00:23:53.720 --> 00:23:55.359
I think a lot of people believe that success is
538
00:23:55.359 --> 00:23:57.720
for those who are just incredibly talented successors, for people
539
00:23:57.720 --> 00:23:59.680
who have a big break. What I want to do,
540
00:23:59.680 --> 00:24:01.640
what I want want to impact people with the mindset
541
00:24:01.680 --> 00:24:03.440
that I want to change is teaching people that you
542
00:24:03.559 --> 00:24:07.640
have the opportunity to acknowledge and better understand the risk
543
00:24:07.759 --> 00:24:10.119
in your lives, and then you have the opportunity to
544
00:24:10.160 --> 00:24:12.640
be intentional, to use your creativity, to use those inner
545
00:24:12.759 --> 00:24:15.000
qualities to try to change your odds of success. You
546
00:24:15.000 --> 00:24:16.759
don't have to sit on the sidelines hoping that things
547
00:24:16.759 --> 00:24:19.440
will one day work out for you. You can set goals today.
548
00:24:19.559 --> 00:24:21.599
You can identify what has to go right, and you
549
00:24:21.599 --> 00:24:23.319
can spend some time looking at the things that could
550
00:24:23.319 --> 00:24:25.680
go wrong. And the beautiful thing about a success diagram
551
00:24:25.720 --> 00:24:28.119
is once you have that written down in the same
552
00:24:28.119 --> 00:24:30.000
way that people maybe talking about like a brain dump,
553
00:24:30.039 --> 00:24:31.319
you know, make it to do list, get it all
554
00:24:31.319 --> 00:24:33.400
out of your head. Well, success diagram is kind of
555
00:24:33.440 --> 00:24:35.400
the same thing for probability. When you get it out
556
00:24:35.440 --> 00:24:37.359
of your head and onto a sheet of paper, you
557
00:24:37.400 --> 00:24:39.079
put yourself in a position where you can now just
558
00:24:39.160 --> 00:24:41.559
live your life looking for the kinds of things that
559
00:24:41.599 --> 00:24:44.400
will help you change your odds. In my case, one
560
00:24:44.440 --> 00:24:46.480
example would be I wanted to write a book. It
561
00:24:46.519 --> 00:24:48.319
was a goal I'd had for a long time, but
562
00:24:48.359 --> 00:24:49.960
I knew that I wasn't really in a position to
563
00:24:50.000 --> 00:24:52.640
do that when I first set that goal maybe fifteen
564
00:24:52.680 --> 00:24:55.680
years ago. So as I just lived my life, I
565
00:24:55.720 --> 00:24:57.440
had the ability to make decisions to put me in
566
00:24:57.440 --> 00:24:59.599
a better position. When I had opportunities to write for
567
00:24:59.599 --> 00:25:02.160
publica it's like Forbes and the Harvard Business Review, I
568
00:25:02.240 --> 00:25:03.920
took it in part because it was going to put
569
00:25:03.920 --> 00:25:05.720
me in a better position to write this book. When
570
00:25:05.720 --> 00:25:08.480
I had opportunities to work with literary agents on projects
571
00:25:08.519 --> 00:25:10.359
that maybe didn't pay as well as you know, say
572
00:25:10.359 --> 00:25:12.480
a biotech CEO calling me in the middle of the night,
573
00:25:12.799 --> 00:25:14.759
I took those contracts too, because I wanted to have
574
00:25:14.759 --> 00:25:17.119
those relationships. So when we know what has to go
575
00:25:17.200 --> 00:25:18.720
right to get what we want, we can then live
576
00:25:18.759 --> 00:25:21.640
our lives. And it's not exactly passive but it does
577
00:25:21.680 --> 00:25:24.599
feel almost a little bit on autopilot because we're just
578
00:25:24.640 --> 00:25:26.400
living the same life who would have lived otherwise, but
579
00:25:26.440 --> 00:25:28.480
we're making more intentional decisions as a result.
580
00:25:28.640 --> 00:25:34.359
And with that though, you are speaking as a person
581
00:25:34.440 --> 00:25:41.039
of clarity, and I think because you left a corporate job,
582
00:25:41.880 --> 00:25:46.640
you had a higher mindfulness to know what has to
583
00:25:46.720 --> 00:25:50.799
go right, because you left the trappings of what someone
584
00:25:50.880 --> 00:25:52.920
else thought has to go right.
585
00:25:56.759 --> 00:25:58.279
I think there's a lot of truth in that. I
586
00:25:58.279 --> 00:26:01.119
think that it's easy to lose perspective when you get
587
00:26:01.160 --> 00:26:04.119
too deep into a project, and that can certainly be
588
00:26:04.160 --> 00:26:05.839
the case with a full time job. One of the
589
00:26:05.880 --> 00:26:08.680
benefits of consulting is when you're transitioning from project to
590
00:26:08.680 --> 00:26:11.200
project to project over the course of the day, you're
591
00:26:11.240 --> 00:26:13.519
able to, i think, maintain a little bit more of
592
00:26:13.519 --> 00:26:16.680
that fresh mindset, a little bit more of that outsider's
593
00:26:16.759 --> 00:26:18.960
view that allows you to spot the things that have
594
00:26:19.039 --> 00:26:22.799
maybe become so commonplace that people stuck in the middle
595
00:26:22.839 --> 00:26:26.920
of it that they aren't able to notice anymore. Consulting
596
00:26:27.000 --> 00:26:28.640
is basically getting paid a lot of money to have
597
00:26:28.640 --> 00:26:30.680
a fresh perspective, which is.
598
00:26:30.680 --> 00:26:37.519
A great I think it's fresh eyes, fresh ears, and
599
00:26:37.680 --> 00:26:41.759
somebody who can ask some of those existential questions that
600
00:26:41.839 --> 00:26:47.720
aren't being asked inside of a company. So I value consultants.
601
00:26:48.279 --> 00:26:51.359
Final a question for you when you start frameworks, what
602
00:26:51.559 --> 00:26:55.200
does being truly significant mean to you? And how are
603
00:26:55.240 --> 00:27:01.680
you increasing the odds of living that life?
604
00:27:01.759 --> 00:27:03.319
Well, when you say step back for the boardrooms first,
605
00:27:03.359 --> 00:27:04.640
I want to talk about just in the context of
606
00:27:04.720 --> 00:27:06.559
the boardrooms, because exactly what you just said. When it
607
00:27:06.559 --> 00:27:08.319
comes to consulting, a lot of times, what you're doing
608
00:27:08.359 --> 00:27:11.240
is you're giving voice to team members who maybe have
609
00:27:11.319 --> 00:27:13.319
too much on the line right because their incomes are
610
00:27:13.319 --> 00:27:15.920
not diversified. They're in a position where if they ask
611
00:27:16.039 --> 00:27:19.440
that existential question, they might be inviting risk into their career.
612
00:27:19.480 --> 00:27:20.839
They might end up having to have the kind of
613
00:27:20.839 --> 00:27:22.920
conversations that you've had with your spouse that I've had
614
00:27:22.960 --> 00:27:24.759
a couple times with my spouse. So one of the
615
00:27:24.759 --> 00:27:26.519
beautiful things about being a consultant is you can go
616
00:27:26.599 --> 00:27:29.240
into the room and you can watch the people around
617
00:27:29.240 --> 00:27:31.359
the table as you say things, and you'll see in
618
00:27:31.400 --> 00:27:33.799
their eyes if you're barking up the right tree, if
619
00:27:33.799 --> 00:27:35.799
this is something that needs to be explored more deeply.
620
00:27:35.880 --> 00:27:37.759
So I think one of the ways you have significance
621
00:27:37.799 --> 00:27:39.920
in your consulting career is you're giving voice to people.
622
00:27:40.200 --> 00:27:42.960
Because you have taken on the risk to over time
623
00:27:43.000 --> 00:27:45.440
build a clientele and have that diversified income, which is
624
00:27:45.480 --> 00:27:47.680
a challenging thing to do. You've now put yourself in
625
00:27:47.680 --> 00:27:49.480
a position where you can help other people who don't
626
00:27:49.519 --> 00:27:51.759
have that, And like I said, you shine a light
627
00:27:51.839 --> 00:27:54.400
on issues in companies that maybe the internal team feels
628
00:27:54.440 --> 00:27:56.480
uncomfortable shining a light on. So I think you're absolutely
629
00:27:56.519 --> 00:27:59.039
right about that. When it comes to stepping back, how
630
00:27:59.039 --> 00:28:00.519
do we do that? We I think in a lot
631
00:28:00.519 --> 00:28:02.359
of ways, it's the same thing. I wrote this book
632
00:28:02.400 --> 00:28:04.880
not just to help people accomplish corporate goals, but also
633
00:28:04.920 --> 00:28:07.200
personal goals. Maybe you're training for a marathon. Maybe you
634
00:28:07.240 --> 00:28:10.039
want to get a pilot's license. Maybe there's an issue
635
00:28:10.039 --> 00:28:12.400
in your community that you want to change, something that
636
00:28:12.480 --> 00:28:15.920
really speaks more to nonprofit work than for profit work.
637
00:28:16.240 --> 00:28:18.200
All of that is still a goal where there's going
638
00:28:18.240 --> 00:28:19.680
to be things that have to go right. There's things
639
00:28:19.680 --> 00:28:21.839
that could go wrong, and there's your odds of success
640
00:28:21.839 --> 00:28:23.519
to think about, and if you take the time to
641
00:28:23.599 --> 00:28:26.720
understand those, change your odds of success. I think The
642
00:28:26.759 --> 00:28:29.079
biggest impact this book can have is when it's helping
643
00:28:29.160 --> 00:28:31.640
people try to accomplish those sorts of the goals, When
644
00:28:31.640 --> 00:28:34.680
it's helping people recognize an injustice in their community and
645
00:28:34.759 --> 00:28:37.359
think about it more like an actual project. What's going
646
00:28:37.440 --> 00:28:38.920
to have to happen? What could go wrong? How can
647
00:28:38.960 --> 00:28:41.680
I change my odds of success? Sometimes we want to
648
00:28:41.720 --> 00:28:44.920
pretend that, you know, a virtuous goal is an antidote
649
00:28:44.960 --> 00:28:47.839
to risk. If I'm pursuing something good, that'll take the
650
00:28:47.960 --> 00:28:50.319
risk out of it. That's not true. Sometimes we want
651
00:28:50.359 --> 00:28:53.759
to treat, you know, desire as an antidote to risk.
652
00:28:53.839 --> 00:28:56.160
I really want this to go right. Well, let's say
653
00:28:56.160 --> 00:28:58.160
we're training to run that marathon and one of our
654
00:28:58.200 --> 00:29:01.119
potential bad outcomes is some inclement. Wal I just had
655
00:29:01.119 --> 00:29:03.400
an ice storm here where I live in Nashville, Tennessee,
656
00:29:03.759 --> 00:29:06.200
and for about two weeks there was ice on the sidewalks.
657
00:29:06.200 --> 00:29:08.519
I couldn't train by running on the sidewalks because of
658
00:29:08.559 --> 00:29:11.400
that ice. It was too dangerous, too slippery. So how
659
00:29:11.400 --> 00:29:14.960
does my desire take that risk away? It doesn't. But
660
00:29:15.039 --> 00:29:16.920
other other things I could do to take that risk away?
661
00:29:17.039 --> 00:29:19.160
Could I have a treadmill in my house? Could I
662
00:29:19.200 --> 00:29:21.000
get a gym membership for a period of time while
663
00:29:21.000 --> 00:29:23.839
I'm training for this marathon? Could I identify some alternative
664
00:29:23.839 --> 00:29:25.960
exercises that work some of the same muscles as running.
665
00:29:25.960 --> 00:29:28.000
Could I climb the stairs? You know what else could
666
00:29:28.000 --> 00:29:31.359
I be doing? When we think that way, we put
667
00:29:31.359 --> 00:29:33.319
ourselves in a position to do what I said earlier,
668
00:29:33.319 --> 00:29:35.759
which is take some agency in our lives. Move beyond
669
00:29:35.759 --> 00:29:38.640
the mindset that only really talented people succeed, only really
670
00:29:38.720 --> 00:29:42.240
lucky people succeed. Realize that anyone has the opportunity to succeed,
671
00:29:42.559 --> 00:29:45.839
and the most reliable way to achieve that success, experience
672
00:29:45.880 --> 00:29:48.200
that success is to have the odds on your side.
673
00:29:48.440 --> 00:29:50.640
You've been a great guest, and I need to have
674
00:29:50.720 --> 00:29:52.640
you back on again. And I think you've got to
675
00:29:52.799 --> 00:29:53.920
keep out up your sleeve.
676
00:29:54.359 --> 00:29:59.079
Please do right now in about three years writing this one.
677
00:29:59.160 --> 00:30:01.400
So if and I tell you writing another book, please
678
00:30:01.440 --> 00:30:03.119
talk me out of it. But I'm very thankful for
679
00:30:03.400 --> 00:30:04.839
what this book has done, and I hope it's helping you.
680
00:30:05.000 --> 00:30:07.160
Thank you so much. That was Kyle Young. He's the
681
00:30:07.200 --> 00:30:11.480
author of Success is a numbers Game. Achieve bigger goals
682
00:30:11.519 --> 00:30:15.000
by changing the odds. Wonderful guest, Thank you sir. We
683
00:30:15.039 --> 00:30:21.640
appreciate you being on Folks. We hope that you enjoyed
684
00:30:21.680 --> 00:30:27.880
today's program and by reading wonderful books like this, you'll
685
00:30:27.920 --> 00:30:30.680
be able to change your odds. But I would also
686
00:30:30.880 --> 00:30:33.960
add this that we know that you are on your
687
00:30:34.039 --> 00:30:39.200
own chase of success. Along the way, pay attention to
688
00:30:39.240 --> 00:30:42.000
what's significant. Also have record
1
00:00:09.119 --> 00:00:11.560
Tim TOKENI. This show is brought to you by thewright
2
00:00:11.640 --> 00:00:16.079
one dot Net. Our very special guest today is author
3
00:00:16.440 --> 00:00:20.600
Kyle Young. He wrote the book's success is a numbers game,
4
00:00:21.199 --> 00:00:25.320
achieved bigger goals by changing the odds. Kyle, great to
5
00:00:25.359 --> 00:00:28.519
have you on today. I'll tell us about your background
6
00:00:28.519 --> 00:00:29.120
and where you're from.
7
00:00:29.120 --> 00:00:31.920
Originally, well, I ended up writing this book as a
8
00:00:31.920 --> 00:00:35.000
result of my consulting career, and my consulting career happened
9
00:00:35.039 --> 00:00:38.240
a little bit unexpectedly. I actually went through back to
10
00:00:38.280 --> 00:00:41.280
back layoffs from different leadership positions in a span of
11
00:00:41.320 --> 00:00:44.320
thirteen months. Lost a job, moved across the country, lost
12
00:00:44.359 --> 00:00:47.039
another job. And that did a couple of things to me.
13
00:00:47.079 --> 00:00:49.240
One is I wanted a way to diversify my income.
14
00:00:49.280 --> 00:00:51.200
I was tired of going to my wife and telling
15
00:00:51.240 --> 00:00:53.880
her that I'd lost these leadership positions. The first time,
16
00:00:54.240 --> 00:00:56.240
we just bought our first house, so not an ideal
17
00:00:56.280 --> 00:00:58.240
time to lose a job. The second time, we were
18
00:00:58.280 --> 00:01:00.640
actually in the process of adopting our first child, which
19
00:01:00.679 --> 00:01:03.200
is pretty famously expensive, so again not a great time
20
00:01:03.200 --> 00:01:05.799
to lose your job. So I wanted to diversify my income.
21
00:01:05.840 --> 00:01:09.040
Consulting made sense from that standpoint, what the layoffs really
22
00:01:09.040 --> 00:01:11.680
taught me was in both cases, I was performing well.
23
00:01:11.719 --> 00:01:14.400
I was getting great reviews. People liked me, respected what
24
00:01:14.480 --> 00:01:17.280
I did. In fact, and the first job, I got
25
00:01:17.280 --> 00:01:20.480
the highest performance review the company had given out. I
26
00:01:20.480 --> 00:01:22.640
had turned to department around things were going very well.
27
00:01:23.040 --> 00:01:24.920
The second time, I was so respected for what I
28
00:01:24.959 --> 00:01:27.239
was doing. I had four job offers the day after
29
00:01:27.239 --> 00:01:29.000
the layoff. That was just how many people wanted to
30
00:01:29.040 --> 00:01:31.760
work with me. So it wasn't necessarily a performance issue.
31
00:01:31.879 --> 00:01:34.280
And what that taught me was that, to some extent,
32
00:01:34.319 --> 00:01:37.319
I couldn't just bet on my own performance to make
33
00:01:37.359 --> 00:01:39.400
my career successful. As long as I was working with
34
00:01:39.439 --> 00:01:41.519
these other people, I needed to find ways to try
35
00:01:41.519 --> 00:01:43.760
to make the project successful, even if that was maybe
36
00:01:43.799 --> 00:01:45.959
outside the scope of my job description. I had to
37
00:01:45.959 --> 00:01:48.159
be asking the question, what can I do to make
38
00:01:48.200 --> 00:01:50.439
sure that the organization has the money it needs to
39
00:01:50.439 --> 00:01:51.879
pay people? What can I do to make sure that
40
00:01:51.920 --> 00:01:55.200
the organization is accomplishing its objectives so that I can
41
00:01:55.400 --> 00:01:58.840
stay on the payroll. And so that really developed in
42
00:01:58.879 --> 00:02:01.239
me this folk maybe even a little bit of an
43
00:02:01.280 --> 00:02:04.400
obsession with odds of success. How likely are the projects
44
00:02:04.439 --> 00:02:07.640
I'm involved in to get the outcome that they're looking for,
45
00:02:08.080 --> 00:02:10.960
and so that became really a focus point for my consulting.
46
00:02:11.280 --> 00:02:14.360
That led to some writing with sites like Harvard Business Review, Forbes,
47
00:02:14.400 --> 00:02:17.039
Fast Company, et cetera. And then ultimately I got the
48
00:02:17.080 --> 00:02:18.680
opportunity to write the book, which is kind of a
49
00:02:18.719 --> 00:02:22.840
long form explanation of how I empathize with how frustrating
50
00:02:22.879 --> 00:02:25.360
it is to lose a job, especially too back to back.
51
00:02:25.879 --> 00:02:28.199
I'm going to go off topic here before I get
52
00:02:28.240 --> 00:02:31.759
into the many questions that we loaded Kyle up with.
53
00:02:31.960 --> 00:02:35.400
But when I look back on sure, please say a
54
00:02:35.439 --> 00:02:41.080
similar situation at Pepsi COO where I was leading the
55
00:02:41.120 --> 00:02:44.080
way and had all the numbers and da da Da
56
00:02:44.199 --> 00:02:50.159
da dad, and then the door closed. That happened thirty
57
00:02:50.680 --> 00:02:54.800
some odd years ago. I still have PTSD, which I
58
00:02:54.879 --> 00:03:01.840
call Pepsi COO traumatic. How have you to absolutely emotionally
59
00:03:01.919 --> 00:03:04.120
get over it and not lose sleep?
60
00:03:04.639 --> 00:03:06.879
Well? I don't know if I can in good conscience
61
00:03:06.879 --> 00:03:09.360
say that I've completely solved that problem, because it is
62
00:03:09.400 --> 00:03:11.319
still an issue. I still will get, you know, kind
63
00:03:11.319 --> 00:03:13.240
of cryptic emails once in a while, Hey can you talk?
64
00:03:13.280 --> 00:03:15.400
And I think, oh great, here we go again. One
65
00:03:15.439 --> 00:03:17.400
of the things that has made my life easier, of course,
66
00:03:17.400 --> 00:03:19.560
has been having a diversified income. So I went through
67
00:03:19.639 --> 00:03:23.000
recently what I considered to be a oh, kind of
68
00:03:23.039 --> 00:03:26.159
a frustrating consulting breakup, got an email I didn't anticipate
69
00:03:26.360 --> 00:03:30.560
in a fairly lengthy relationship, was ended abruptly and not
70
00:03:31.039 --> 00:03:32.360
how I would have done it. It's good to be
71
00:03:32.360 --> 00:03:35.680
in a position where it's one client not the source
72
00:03:35.680 --> 00:03:39.159
of your income, so that helps a little bit. But
73
00:03:39.280 --> 00:03:42.520
I wouldn't necessarily say I have a perfect solution. I
74
00:03:42.560 --> 00:03:45.560
agree with what you're saying that it's a dramatic thing
75
00:03:45.759 --> 00:03:48.560
to feel like you're secure in the work that you're doing,
76
00:03:48.680 --> 00:03:50.479
be focused on your own performance, feel like you're doing
77
00:03:50.479 --> 00:03:53.240
a good job, and then find yourself unemployed. There's some
78
00:03:53.479 --> 00:03:56.680
challenging conversations that follow, sometimes with your spouse, your friends,
79
00:03:56.719 --> 00:03:58.719
you know, with the people in your community. So I
80
00:03:59.520 --> 00:04:02.000
can't say that I've completely beaten that. I can't say
81
00:04:02.000 --> 00:04:04.240
that diversified income helps, and I can say that having
82
00:04:04.280 --> 00:04:05.840
some money in the bank homes I really mean that.
83
00:04:05.879 --> 00:04:08.919
I think that having having some runway, you know, having
84
00:04:08.960 --> 00:04:11.319
that rainy day fund, takes a little bit of the
85
00:04:11.400 --> 00:04:13.360
edge off when we worry about something that could go
86
00:04:13.400 --> 00:04:15.759
wrong in our lives, whether that be a layoff or
87
00:04:15.840 --> 00:04:17.680
something else. I'll tell you one more thing, though, which
88
00:04:17.720 --> 00:04:19.560
is to say that that I interned one of my
89
00:04:19.600 --> 00:04:22.720
first big internships was actually with Coca Cola Coke zero,
90
00:04:22.759 --> 00:04:24.519
so I was on the other side. They flew me
91
00:04:24.560 --> 00:04:27.199
down to Atlanta to HQ, and they were trying to
92
00:04:27.240 --> 00:04:30.360
get the Coke zero brands. There's a new version of
93
00:04:30.360 --> 00:04:33.319
Coke zero, a Coke zero sugar or something, but they
94
00:04:33.319 --> 00:04:35.040
were trying to get that new brand at the time
95
00:04:35.199 --> 00:04:37.439
into college campuses, and I was one of I think
96
00:04:37.519 --> 00:04:39.720
forty people they took in around the country and we
97
00:04:39.800 --> 00:04:42.120
got to spend some time at World of Coke headquarters,
98
00:04:42.120 --> 00:04:43.839
and it was an interesting experience.
99
00:04:43.920 --> 00:04:49.160
So I you say that every goal has two hidden
100
00:04:50.120 --> 00:04:55.800
numbers attached, probability of success and probability of failure. From
101
00:04:55.839 --> 00:05:00.279
a truly significant perspective, what inner qualities most inf les
102
00:05:00.360 --> 00:05:01.120
sales numbers?
103
00:05:01.480 --> 00:05:04.920
Well, your inner qualities. If I can, I'll push back
104
00:05:04.920 --> 00:05:06.199
a little bit, which is to say that I think
105
00:05:06.199 --> 00:05:08.000
our inner qualities are some of the things we can
106
00:05:08.079 --> 00:05:10.279
leverage to try to change our odds of success. But
107
00:05:10.439 --> 00:05:12.879
when it comes to what actually determines our odds of success.
108
00:05:12.879 --> 00:05:15.160
It's really a combination of what could go right with
109
00:05:15.199 --> 00:05:17.079
what could go wrong. If we think about the idea
110
00:05:17.079 --> 00:05:18.839
of flipping a coin, if we needed to land on
111
00:05:18.920 --> 00:05:20.839
heads to win the game, we have a fifty percent
112
00:05:20.920 --> 00:05:23.839
chance of winning. Why only fifty percent, Well, because it
113
00:05:23.879 --> 00:05:25.720
might land on tails, and there's a fifty percent chance
114
00:05:25.720 --> 00:05:28.319
it will land on tails. So what I encourage people
115
00:05:28.319 --> 00:05:30.160
to do in the context of a goal is get
116
00:05:30.160 --> 00:05:31.920
really clear on what you want to happen, but then
117
00:05:31.959 --> 00:05:34.399
also get clear on the potential bad outcomes. What are
118
00:05:34.399 --> 00:05:36.319
the things that could happen instead of what you want,
119
00:05:36.800 --> 00:05:39.879
Because ultimately, our odds of success can be understood as
120
00:05:40.040 --> 00:05:42.319
the odds that none of the bad things happen. And
121
00:05:42.360 --> 00:05:44.079
if we want to change our odds of success, one
122
00:05:44.120 --> 00:05:45.920
of the smartest ways we can do that is try
123
00:05:45.959 --> 00:05:49.040
to look at those bad outcomes and find creative ways
124
00:05:49.079 --> 00:05:51.920
to ultimately take some of the risk out of that
125
00:05:52.000 --> 00:05:54.680
actually happening. And so our inner qualities definitely speak to that.
126
00:05:54.759 --> 00:05:57.560
If one of the risks of a goal failing is,
127
00:05:57.560 --> 00:05:59.639
you know, a lack of follow through, then our resilience
128
00:05:59.639 --> 00:06:02.560
CanCERN be something that impacts the odds of success. We
129
00:06:02.600 --> 00:06:05.120
can also use really creative and tangible solutions. I gave
130
00:06:05.120 --> 00:06:08.720
one a minute ago. How can someone consult with confidence
131
00:06:08.800 --> 00:06:10.439
knowing they could lose a client in an email at
132
00:06:10.480 --> 00:06:12.079
any time, or the you know a person could lose
133
00:06:12.079 --> 00:06:14.040
a job at any time. A couple of things you
134
00:06:14.040 --> 00:06:15.639
can do. One is you can try to diversify your
135
00:06:15.639 --> 00:06:17.439
income and others you can try to have some savings
136
00:06:17.480 --> 00:06:19.839
in the bank. Those are things that you know your
137
00:06:19.920 --> 00:06:21.839
qualities will help you accomplish. It's going to take some
138
00:06:21.839 --> 00:06:24.360
self control to build up a nest egg. It's going
139
00:06:24.399 --> 00:06:27.160
to take you know, some resourcefulness to go build a
140
00:06:27.199 --> 00:06:30.240
client tell. But ultimately, if you can be successful in that,
141
00:06:30.279 --> 00:06:32.120
you will take some of the risk out of a
142
00:06:32.160 --> 00:06:33.439
bad email, a bad phone.
143
00:06:33.439 --> 00:06:37.000
With the income, I think you're sharper because of what
144
00:06:37.199 --> 00:06:40.720
happened to you, and you you would not even have
145
00:06:40.839 --> 00:06:44.759
been capable of writing or speaking with such wisdom unless
146
00:06:44.800 --> 00:06:46.040
you had gone through that career.
147
00:06:46.800 --> 00:06:50.000
I've found that pain and suffering are typically a shortcut
148
00:06:50.040 --> 00:06:52.680
to wisdom. Sometimes I wish as.
149
00:06:52.800 --> 00:06:55.600
How much of probability hacking is about strategy.
150
00:06:55.800 --> 00:06:57.360
Well, it's all about strategy, you know. I'll tell you
151
00:06:57.439 --> 00:06:58.959
the story of the first job that I actually got
152
00:06:59.040 --> 00:07:02.600
laid off from. When I graduated from college. I wasn't
153
00:07:02.600 --> 00:07:05.000
really inspired by the entry level positions that I was seeing,
154
00:07:05.160 --> 00:07:07.160
and so I decided to do something a little crazy.
155
00:07:07.399 --> 00:07:09.879
I applied to become the product development director at a
156
00:07:09.879 --> 00:07:12.839
health organization, and I was if I got this job,
157
00:07:12.920 --> 00:07:14.399
I was twenty one years old. I was going to
158
00:07:14.399 --> 00:07:17.240
be managing people who were fifty sixty seventies, people who
159
00:07:17.240 --> 00:07:19.920
were significantly older than I was. Some of them had PhDs,
160
00:07:20.040 --> 00:07:22.879
master's degrees, you know. I had just graduated with the bachelor's.
161
00:07:23.120 --> 00:07:26.079
So this was about fifteen years ago. But I applied
162
00:07:26.120 --> 00:07:28.120
for the job and I actually got an interview, and
163
00:07:28.160 --> 00:07:29.839
I wanted to make the most of it. So the
164
00:07:29.879 --> 00:07:31.920
work of probability hacking, again is getting clear on what
165
00:07:31.959 --> 00:07:33.800
we want. I wanted them to offer me the position
166
00:07:34.279 --> 00:07:36.120
what could happen instead of what I want? What are
167
00:07:36.120 --> 00:07:39.439
the potential bad outcomes? Well? I identified three. The first
168
00:07:39.439 --> 00:07:42.160
one was I thought that they might and I'll tell
169
00:07:42.160 --> 00:07:43.319
you this really quickly. I think when a lot of
170
00:07:43.399 --> 00:07:45.079
us are pursuing goals, we get the advice that we
171
00:07:45.120 --> 00:07:47.639
need to think positive, we need to you know, don't
172
00:07:47.639 --> 00:07:49.319
worry about what could go wrong. If it's meant to happen,
173
00:07:49.360 --> 00:07:52.720
it'll happen. Don't discourage yourself. But I actually give people
174
00:07:52.720 --> 00:07:55.319
the opposite advice. I encourage people to think negative. And
175
00:07:55.360 --> 00:07:57.360
it's not because I'm a pessimist. It's because I think
176
00:07:57.360 --> 00:08:00.319
if we identify those bad outcomes, we can use our creativity,
177
00:08:00.360 --> 00:08:02.720
we can use our inner qualities, try to put ourselves
178
00:08:02.759 --> 00:08:04.160
in a position to take some of the risk out
179
00:08:04.199 --> 00:08:05.839
of those goals. So that's what I did here. I
180
00:08:05.879 --> 00:08:08.240
thought negative, Why would they maybe not give me this job?
181
00:08:08.800 --> 00:08:10.160
One of them was I thought that they might not
182
00:08:10.160 --> 00:08:11.680
give me the job because of how young I looked.
183
00:08:11.800 --> 00:08:13.199
I might walk in the door, they take a look
184
00:08:13.199 --> 00:08:15.199
at me and say, he can't manage this team. You know,
185
00:08:15.199 --> 00:08:17.839
we don't have confidence he can do that. So a
186
00:08:17.879 --> 00:08:21.120
really simple hacked, a really simple solution that I tried
187
00:08:21.160 --> 00:08:23.319
in response to that was I grew a beard. Just
188
00:08:23.319 --> 00:08:24.759
made me look a little bit older, took some of
189
00:08:24.759 --> 00:08:26.759
the edge off of how young. Didn't change how old
190
00:08:26.759 --> 00:08:28.319
I was, but it changed how old I looked to
191
00:08:28.319 --> 00:08:31.160
some extent. Another risk that I perceived going into that
192
00:08:31.199 --> 00:08:33.279
was they might be concerned about my lack of experience,
193
00:08:33.720 --> 00:08:36.279
and I couldn't change my experience. I couldn't conjure a
194
00:08:36.279 --> 00:08:38.919
better resume overnight. I wasn't going to lie. But what
195
00:08:38.960 --> 00:08:40.279
I could do is I could try to change the
196
00:08:40.279 --> 00:08:42.799
conversation a little bit. So I actually typed up a
197
00:08:42.799 --> 00:08:44.759
plan for how I was going to turn this department around.
198
00:08:44.799 --> 00:08:47.080
I given the job, and when they asked questions about
199
00:08:47.080 --> 00:08:49.840
my past experience, I would redirect my conversation or redirect
200
00:08:49.840 --> 00:08:51.840
the conversation to be about this plan that I typed
201
00:08:51.919 --> 00:08:54.200
up Cyril Bound. It was a book that I'd written
202
00:08:54.200 --> 00:08:56.720
about the future of the department. A third and final
203
00:08:56.799 --> 00:08:58.840
risk that I identified was maybe they wouldn't hire me
204
00:08:58.840 --> 00:09:00.840
because they thought I couldn't fit in with the existing team,
205
00:09:00.840 --> 00:09:03.039
maybe because of just the big age gap. So one
206
00:09:03.080 --> 00:09:04.480
of the things I did then and I still use
207
00:09:04.519 --> 00:09:06.919
this trick today, is I asked if they read any
208
00:09:06.960 --> 00:09:09.720
books recently as a team, and they sent over a
209
00:09:09.759 --> 00:09:11.799
few titles. I read every single one of them, and
210
00:09:11.840 --> 00:09:13.960
when I went into the interviews, I was able to
211
00:09:13.960 --> 00:09:16.720
make inside jokes. I knew the frameworks that they were using.
212
00:09:16.759 --> 00:09:18.919
I could you know, I understood their jargon. We were
213
00:09:18.919 --> 00:09:21.000
speaking the same language because we'd all read the same books,
214
00:09:21.200 --> 00:09:23.120
and that gave me an inside edge. So I ended
215
00:09:23.200 --> 00:09:25.080
up getting that job. I became the twenty one year
216
00:09:25.080 --> 00:09:27.720
old product development director at a health organization. I would
217
00:09:27.759 --> 00:09:30.720
later get laid off, but it dramatically accelerated my career,
218
00:09:30.759 --> 00:09:32.440
helped me get the second job, and helped me made
219
00:09:32.440 --> 00:09:35.519
the connections. It ultimately led to the consulting opportunity. So
220
00:09:35.559 --> 00:09:37.600
your question how much of this has to do with strategy,
221
00:09:37.679 --> 00:09:39.759
It's really all strategy. You can do this without any
222
00:09:39.799 --> 00:09:42.240
numbers at all. The key is identify what has to
223
00:09:42.279 --> 00:09:44.799
go right, identify what could go wrong, and then use
224
00:09:44.840 --> 00:09:47.120
your creativity and use those inner qualities to try to
225
00:09:47.159 --> 00:09:49.240
take as much risk as possible out of your goals.
226
00:09:50.279 --> 00:09:55.480
That tells me that if people will read truly significant
227
00:09:56.600 --> 00:10:00.519
or success is a numbers game or aligning the odds,
228
00:10:01.720 --> 00:10:06.639
they may they may have a an advantage to getting
229
00:10:06.639 --> 00:10:07.159
some of those two.
230
00:10:08.759 --> 00:10:09.600
I think they would.
231
00:10:10.360 --> 00:10:16.200
Realize that your own mindset might have been lowering your
232
00:10:16.240 --> 00:10:17.519
probability of success.
233
00:10:18.919 --> 00:10:21.240
Well, there are certainly moments where your mindset can lower
234
00:10:21.279 --> 00:10:23.840
your odds of success, but frankly, there are also moments
235
00:10:23.840 --> 00:10:26.120
where your mindset can cause you to overestimate your odds
236
00:10:26.120 --> 00:10:28.240
of success. And that's why I encourage people to create
237
00:10:28.240 --> 00:10:31.200
a success diagram. If you do that, you can actually
238
00:10:31.679 --> 00:10:35.200
align around more realistic expectations. So I'll give an example
239
00:10:35.200 --> 00:10:37.279
of what that is. Let's say that you're training to
240
00:10:37.360 --> 00:10:39.320
run a marathon. I'm about to run a half marathon
241
00:10:39.320 --> 00:10:40.919
in a couple of weeks, which I've never done before,
242
00:10:40.960 --> 00:10:42.879
so wish me luck. But let's say that you're training
243
00:10:42.919 --> 00:10:45.240
to run a marathon and you want to get a
244
00:10:45.279 --> 00:10:46.720
sense of how likely you are to be able to
245
00:10:46.720 --> 00:10:49.480
accomplish that goal. Let's say you've hired a running coach
246
00:10:49.600 --> 00:10:51.320
and she tells you there's three things you're going to
247
00:10:51.399 --> 00:10:53.519
have to do in order to be successful on race day.
248
00:10:53.600 --> 00:10:55.360
She's going to create some plans for you, and you're
249
00:10:55.360 --> 00:10:58.000
going to have to eat, sleep, and train according to
250
00:10:58.039 --> 00:11:00.720
these plans. And if you cheat any of those three things,
251
00:11:00.759 --> 00:11:02.320
you're not going to be able to get ready in time.
252
00:11:02.919 --> 00:11:04.519
So in this goal, there's three things that have to
253
00:11:04.559 --> 00:11:07.039
go right. So if I were creating a success diagram,
254
00:11:07.039 --> 00:11:09.080
I would write down eat the way I'm supposed to sleep,
255
00:11:09.120 --> 00:11:10.919
the way I'm supposed to train, the way I'm supposed
256
00:11:10.919 --> 00:11:12.679
to on a sheet of paper, and at the end
257
00:11:12.720 --> 00:11:15.639
the goal is successfully run a marathon. And then for
258
00:11:15.679 --> 00:11:17.639
each of those things that could go right, i'd well
259
00:11:17.720 --> 00:11:19.799
that need to go right. I'd try to identify the
260
00:11:19.840 --> 00:11:22.360
things that could potentially go wrong. But the way we
261
00:11:22.399 --> 00:11:24.360
can get a sense of our odds of success, we can
262
00:11:24.440 --> 00:11:27.960
avoid overconfidence but also maybe avoid a mindset that hurts
263
00:11:27.960 --> 00:11:30.039
our odds of success, is we need to just do
264
00:11:30.080 --> 00:11:31.799
a little bit of estimating how likely do we think
265
00:11:31.799 --> 00:11:33.039
we are to be able to stick with each of
266
00:11:33.039 --> 00:11:34.720
those three things. Then this is where a lot of
267
00:11:34.720 --> 00:11:36.600
people make a big mistake, and this is what I
268
00:11:36.600 --> 00:11:38.720
think accounts for a huge amount of the failure we
269
00:11:38.759 --> 00:11:40.759
see in our world. Exactly what you're describing how a
270
00:11:40.840 --> 00:11:44.399
mindset hurts our odds of success. Let's say that, just
271
00:11:44.440 --> 00:11:47.080
for really easy numbers, we think it's seventy percent across
272
00:11:47.080 --> 00:11:48.840
the board, seventy percent chance I'll eat the way I'm
273
00:11:48.840 --> 00:11:50.840
supposed to, seventy percent chance I'll sleep the way I'm
274
00:11:50.840 --> 00:11:53.000
supposed to, seventy percent chance I'll train the way I'm
275
00:11:53.000 --> 00:11:55.720
supposed to for this period of time. A lot of
276
00:11:55.759 --> 00:11:58.639
people fall into a trap called averaging. If they feel
277
00:11:58.679 --> 00:12:02.480
good about the individual's required to accomplish a goal, they
278
00:12:02.480 --> 00:12:05.320
feel good about the goal as a whole. That actually
279
00:12:05.360 --> 00:12:07.279
isn't how it works. If we want to understand how
280
00:12:07.360 --> 00:12:09.519
likely we are to accomplish a goal, we can't average.
281
00:12:09.720 --> 00:12:13.039
We actually have to multiply. That's the true mathematical solution
282
00:12:13.159 --> 00:12:16.200
to this question. And if we multiply that out point
283
00:12:16.200 --> 00:12:18.919
seven times point seven times point seven, we find that
284
00:12:18.960 --> 00:12:20.840
we only have a thirty four percent chance of being
285
00:12:20.879 --> 00:12:23.080
ready on race day. Even though we feel good about
286
00:12:23.080 --> 00:12:25.840
each of these individual things, this goal is an expected failure.
287
00:12:27.080 --> 00:12:29.600
And this, I think explains exactly what you described, which
288
00:12:29.639 --> 00:12:32.120
is how mindsets can impact our odds of success. If
289
00:12:32.120 --> 00:12:34.840
people are falling into traps like averaging, and they aren't
290
00:12:34.879 --> 00:12:38.159
then intentional about optimizing what they can do to take
291
00:12:38.200 --> 00:12:39.960
the risk out of their goals, then a lot of
292
00:12:40.000 --> 00:12:41.799
times we have people who are pursuing a goal they
293
00:12:41.799 --> 00:12:44.600
think is supposed to succeed, when if they understood the math,
294
00:12:44.600 --> 00:12:47.039
they would realize it's actually supposed to fail. And do
295
00:12:47.080 --> 00:12:49.080
we see things in our world that you know, support
296
00:12:49.080 --> 00:12:50.960
that theory? I think so. When we think of how
297
00:12:51.000 --> 00:12:53.440
many people fail at their New Year's resolutions, like ninety
298
00:12:53.480 --> 00:12:55.320
two percent, some studies say, I have no idea how
299
00:12:55.360 --> 00:12:57.360
accurate that is, But lots and lots of people are
300
00:12:57.399 --> 00:12:59.559
unable to succeed their New year's resolutions. You know, we
301
00:12:59.559 --> 00:13:01.639
hear status it's like nine out of ten businesses fail.
302
00:13:02.000 --> 00:13:04.279
We hear that the majority of mergers and acquisitions fail
303
00:13:04.320 --> 00:13:08.440
to create lasting shareholder value. Why are so many initiatives failing? Well,
304
00:13:08.440 --> 00:13:10.879
in many cases, it's because people don't realize that they
305
00:13:10.919 --> 00:13:13.759
were expected to fail. So that doesn't mean that we
306
00:13:13.799 --> 00:13:15.559
give into a discouragement. That doesn't mean that we don't
307
00:13:15.559 --> 00:13:18.600
pursue big goals, but we do exactly what I demonstrated
308
00:13:18.639 --> 00:13:21.279
in the previous question. We think strategically, we try to
309
00:13:21.320 --> 00:13:24.240
identify what are the risks that are currently weighing down
310
00:13:24.440 --> 00:13:26.600
our odds of success, because if we can take those
311
00:13:26.679 --> 00:13:29.919
bad outcomes off the table, we can kind of that.
312
00:13:29.960 --> 00:13:31.480
There's an expression of kind of putting a goal on
313
00:13:31.559 --> 00:13:33.480
railroad tracks so it can't get off course. We can
314
00:13:33.559 --> 00:13:35.320
kind of put it on railroad tracks and it's not
315
00:13:35.399 --> 00:13:37.320
able to veer and swerve and it kind of has
316
00:13:37.360 --> 00:13:38.559
to end up where we want it to go.
317
00:13:38.679 --> 00:13:43.879
That is exactly right. Okay, we're talking to author Kyle Young,
318
00:13:44.039 --> 00:13:46.840
and he wrote the book success is a numbers game.
319
00:13:46.960 --> 00:13:49.080
We're going to cut to a commercial. Kyle tell us
320
00:13:49.080 --> 00:13:52.519
where we can buy your book and maybe even get
321
00:13:52.759 --> 00:13:54.039
an autograph copy.
322
00:13:55.399 --> 00:13:57.039
Well, you can get the book anywhere. You can get
323
00:13:57.039 --> 00:13:59.919
it on Amazon, Barnes and Noble, Target, directly on the
324
00:14:00.120 --> 00:14:02.320
on random House website. I'd be honored if you did that.
325
00:14:02.480 --> 00:14:04.200
If you want an autograph copy, I guess, send me
326
00:14:04.240 --> 00:14:05.960
an email and I'd be more than happy to sign
327
00:14:06.000 --> 00:14:07.440
one for you and we'll put it in the mail.
328
00:14:07.440 --> 00:14:09.320
But I tell you what. Find me on LinkedIn, Kyle
329
00:14:09.320 --> 00:14:11.720
Austin Young. I'd be happy then.
330
00:14:11.720 --> 00:14:15.320
Right back with Kyle Young after this special message.
331
00:14:17.960 --> 00:14:20.960
I'm doctor Shannon Poach. I've been a clinical psychologists for
332
00:14:21.000 --> 00:14:24.000
more than two decades. Many of my patients and people
333
00:14:24.039 --> 00:14:26.799
I know are frustrated with the dating apps. They end
334
00:14:26.840 --> 00:14:29.960
up just making them feel lonely. They've learned a lot,
335
00:14:30.240 --> 00:14:33.120
they know themselves better now, but they're tired of repeating
336
00:14:33.120 --> 00:14:37.960
the same relationship patterns. If that feels familiar, you're not alone.
337
00:14:38.639 --> 00:14:41.000
What I see over and over is that dating doesn't
338
00:14:41.000 --> 00:14:44.440
fail because of lack of effort. It fails because people
339
00:14:44.480 --> 00:14:47.679
don't understand and have the insight about their emotional needs
340
00:14:47.960 --> 00:14:50.840
and how to connect with people on the same emotional level.
341
00:14:51.720 --> 00:14:54.840
That's exactly why I created the Right One. If you're
342
00:14:54.879 --> 00:14:57.279
ready for a more intentional way to connect, go to
343
00:14:57.279 --> 00:14:59.559
the Right one dot net and learn what creates lasting
344
00:14:59.600 --> 00:15:03.360
relations and chips. Use the Truly Significant promotion code in
345
00:15:03.799 --> 00:15:07.440
TS five zero and received fifty percent off services for
346
00:15:07.480 --> 00:15:11.080
a limited time. Visit us today at the right one
347
00:15:11.360 --> 00:15:12.039
dot net.
348
00:15:16.720 --> 00:15:19.759
And we're back with author Kyle Young. Hey, Kyle, if
349
00:15:19.799 --> 00:15:26.679
you had changed the title to Significance is a numbers game,
350
00:15:27.639 --> 00:15:30.720
knowing that you're talking to a person who is obsessed
351
00:15:31.799 --> 00:15:35.559
about changing the world from success is Significance, how would
352
00:15:35.559 --> 00:15:36.679
your book have been different?
353
00:15:40.759 --> 00:15:42.960
Well, I'm not sure it would be very different because
354
00:15:42.960 --> 00:15:44.320
a lot of the goals that I teach people how
355
00:15:44.360 --> 00:15:47.200
to accomplish in the book are about significance. I talk
356
00:15:47.279 --> 00:15:50.720
about goals like you know, wanting to maybe help people
357
00:15:50.840 --> 00:15:53.240
live longer and experience more joy in their lives. I
358
00:15:53.279 --> 00:15:56.919
talk about goals related to justice and people who wanted
359
00:15:56.919 --> 00:15:58.879
to make a difference in their community. I worked with
360
00:15:58.919 --> 00:16:00.600
a doctor out of Harvard metas and who wanted to
361
00:16:00.679 --> 00:16:03.480
change the national conversation around cancer, So I think a
362
00:16:03.519 --> 00:16:06.000
lot of these goals can have really significant undertones. What
363
00:16:06.000 --> 00:16:09.600
I would encourage people to recognize is that every goal,
364
00:16:09.840 --> 00:16:13.720
no matter how missional the motivation, is still going to
365
00:16:13.720 --> 00:16:15.840
have two hidden numbers attached to it, odds of success
366
00:16:15.840 --> 00:16:18.720
and odds of failure. And if we want to maximize
367
00:16:18.759 --> 00:16:20.840
our impact, you know, just as if we wanted to
368
00:16:20.840 --> 00:16:22.919
maximize our revenue, we need to do what we can
369
00:16:23.000 --> 00:16:24.720
to tilt the odds in our favor. And I think
370
00:16:24.759 --> 00:16:26.120
that when you do that in the context of a
371
00:16:26.159 --> 00:16:28.639
single goal, you can change your outcome. When you do
372
00:16:28.679 --> 00:16:31.000
that in the context of several goals, you can change
373
00:16:31.039 --> 00:16:33.720
your life, and over time that can change your legacy.
374
00:16:33.919 --> 00:16:37.120
But then, how do you increase the odds that a
375
00:16:37.240 --> 00:16:42.240
team becomes truly significant instead of merely high performing.
376
00:16:45.759 --> 00:16:48.559
Well, it starts with getting a really clear definition of success.
377
00:16:48.600 --> 00:16:49.919
And so that's what we would have to do here.
378
00:16:49.960 --> 00:16:51.720
If we're going to create a success diagram, we need
379
00:16:51.759 --> 00:16:54.480
to be able to have a true past fail or
380
00:16:54.679 --> 00:16:57.919
we accomplish this or we did not accomplish this. So
381
00:16:57.960 --> 00:16:59.759
I'll put that back to you to some extent. Rick
382
00:16:59.799 --> 00:17:01.840
you know, in the context of a success diagram, there's
383
00:17:01.879 --> 00:17:04.000
critical points. There's things that have to go right in
384
00:17:04.079 --> 00:17:06.200
order for you to get what you want. I can't
385
00:17:06.240 --> 00:17:08.200
tell people that for every goal under the sun. Right
386
00:17:08.240 --> 00:17:09.680
if you came to me and said, my goal is
387
00:17:09.720 --> 00:17:13.119
to start a business where I'm a scuba diving instructor, well,
388
00:17:13.160 --> 00:17:14.519
I don't know off the top of my head what
389
00:17:14.680 --> 00:17:16.240
exactly is going to have to go right for you
390
00:17:16.279 --> 00:17:18.519
to become a successful scuba diving instructor. So there's going
391
00:17:18.559 --> 00:17:20.119
to be some research. I can show you how to
392
00:17:20.160 --> 00:17:22.400
create a framework to estimate your odds of success, and
393
00:17:22.400 --> 00:17:24.319
then I can teach you how to ultimately try to
394
00:17:24.359 --> 00:17:27.480
improve those odds of success through strategic thinking. But Rick,
395
00:17:27.519 --> 00:17:29.240
what do you think what are the key ingredients to
396
00:17:29.279 --> 00:17:31.200
building a team that leads with significance.
397
00:17:31.319 --> 00:17:37.799
I think it's about starting with the perspective of it's
398
00:17:37.880 --> 00:17:40.039
not about me, it's about we.
399
00:17:43.599 --> 00:17:45.640
Let's even pause on that. That's great. So one thing
400
00:17:45.680 --> 00:17:47.799
that's going to have to happen. One critical point is
401
00:17:47.799 --> 00:17:50.640
we've got to shift out of me thinking to we thinking.
402
00:17:50.920 --> 00:17:53.200
So now let's think about what are the potential bad outcomes?
403
00:17:53.240 --> 00:17:55.799
What are the things that might keep someone trapped in
404
00:17:55.920 --> 00:17:58.279
me thinking? What have you experienced in your career. What
405
00:17:58.319 --> 00:18:00.359
are some of the things that keep people stuck on
406
00:18:00.400 --> 00:18:06.319
that idea of me? Hmmm, amazing. So we're going to
407
00:18:06.359 --> 00:18:09.079
need to find ways to try to put our employees
408
00:18:09.079 --> 00:18:12.119
in a position where they are not constantly worried about
409
00:18:12.240 --> 00:18:13.519
am I going to be able to pay the bills?
410
00:18:13.559 --> 00:18:15.079
And am I going to be able to provide for
411
00:18:15.119 --> 00:18:17.960
my family? So there might be opportunities from a compensation
412
00:18:18.160 --> 00:18:21.720
structure standpoint. There are also some organizations right now, and
413
00:18:21.799 --> 00:18:24.960
I think this can be used improperly. I very much
414
00:18:25.000 --> 00:18:27.039
believe in paying people a living wage, but there are
415
00:18:27.079 --> 00:18:30.720
some organizations now that are also even providing some financial education,
416
00:18:30.839 --> 00:18:32.359
teaching people how to make their money go a little
417
00:18:32.359 --> 00:18:34.759
bit further in you know, a world where there are
418
00:18:34.839 --> 00:18:36.839
high cost of living, just to kind of help them
419
00:18:36.839 --> 00:18:39.039
on both sides, because sometimes you find you're writing bigger
420
00:18:39.079 --> 00:18:41.519
checks as an organization, but the money's kind of disappearing. Well,
421
00:18:41.559 --> 00:18:43.359
if these people haven't been taught, you know, some basic
422
00:18:43.440 --> 00:18:46.720
financial success principles, then maybe that's where the gap is.
423
00:18:47.000 --> 00:18:48.640
So right there, I think we have an example of
424
00:18:48.720 --> 00:18:50.519
one thing that has to go right is we need
425
00:18:50.519 --> 00:18:53.079
to transition from me to we thinking what's one thing
426
00:18:53.119 --> 00:18:55.599
that could go wrong, Well, it's they might get stuck
427
00:18:55.599 --> 00:18:57.680
in me thinking because of cost of living. They're so
428
00:18:57.759 --> 00:19:00.400
focused on their own needs. You know, psychology teaches us
429
00:19:00.440 --> 00:19:02.240
there's kind of a hierarchy of needs, and one of
430
00:19:02.279 --> 00:19:04.160
the most foundational is we need to be able to eat.
431
00:19:04.319 --> 00:19:05.599
We need to be able to put a roof over
432
00:19:05.640 --> 00:19:08.279
our heads. If not, that's going to distract us from
433
00:19:08.279 --> 00:19:10.400
some of those higher callings that we have an opportunity
434
00:19:10.440 --> 00:19:13.480
to enter into. So we've now done some brainstorming and
435
00:19:13.519 --> 00:19:15.559
we've identified that we need to maybe have a fair
436
00:19:15.599 --> 00:19:18.039
compensation structure. Maybe there's some ways that we could provide
437
00:19:18.079 --> 00:19:20.799
some free financial education to team members so that they
438
00:19:20.799 --> 00:19:22.480
can make the most of the money that they do have,
439
00:19:22.839 --> 00:19:25.079
and in doing so put them in a position where
440
00:19:25.119 --> 00:19:27.400
one of those risks is taken off the table. So
441
00:19:27.440 --> 00:19:29.440
we've increased the odds a little bit that they'll be
442
00:19:29.480 --> 00:19:31.680
able to transition to we thinking. And if we do
443
00:19:31.759 --> 00:19:33.759
that across all of the steps that it's going to
444
00:19:33.759 --> 00:19:36.160
be required, we can build that significant team.
445
00:19:35.920 --> 00:19:44.119
And inside that is a team that has character and
446
00:19:44.319 --> 00:19:51.920
authenticity and heart. And what we've learned over the course
447
00:19:52.160 --> 00:19:57.880
of four thousand podcasts is you can actually teach children
448
00:19:57.960 --> 00:20:01.480
how to have big hearts and teach generosity. So it
449
00:20:01.519 --> 00:20:07.200
starts at it that in your experience, does character and
450
00:20:07.319 --> 00:20:10.359
integrity actually compound the way capital does.
451
00:20:14.880 --> 00:20:17.880
Absolutely, because the reality is so many of the goals
452
00:20:17.920 --> 00:20:21.119
that we want to accomplish are going to involve relationships.
453
00:20:21.319 --> 00:20:23.920
It's going to be very uncommon for you to accomplish
454
00:20:23.960 --> 00:20:27.640
anything significant without the help of other people. And if
455
00:20:27.680 --> 00:20:30.559
you are not conducting yourself with integrity, if there's not
456
00:20:30.759 --> 00:20:33.559
character in what you're doing, then you're putting yourself in
457
00:20:33.559 --> 00:20:35.279
a position where you might be able to accomplish one
458
00:20:35.319 --> 00:20:38.119
goal where at the end of it you've cheated everybody else,
459
00:20:38.160 --> 00:20:40.920
You've swindled everybody else. It might work once, probably not
460
00:20:40.920 --> 00:20:43.200
going to work twice, very unlikely that's going to work
461
00:20:43.200 --> 00:20:45.559
three times. So you put yourself in a position where
462
00:20:45.680 --> 00:20:47.599
it's kind of short term thinking. Like you said that,
463
00:20:47.680 --> 00:20:50.680
me thinking versus the we thinking. On the contrary, when
464
00:20:50.720 --> 00:20:52.720
we are looking out for each other's interests, not just
465
00:20:52.759 --> 00:20:54.559
our own, we put ourselves in a position where we
466
00:20:54.599 --> 00:20:57.880
can develop trust, which can become an enormous source of
467
00:20:57.920 --> 00:21:02.640
competitive advantage. I have had so many successful client relationships
468
00:21:02.839 --> 00:21:05.119
where the reason I got hired instead of somebody else.
469
00:21:05.200 --> 00:21:07.000
Was They trusted me, And a lot of times that
470
00:21:07.079 --> 00:21:10.240
trust came from a referral. It came from somebody else swearing,
471
00:21:10.599 --> 00:21:12.240
this is somebody who's going to do what he says
472
00:21:12.240 --> 00:21:13.799
he's going to do. You know, I had a really
473
00:21:13.880 --> 00:21:16.240
interesting conversation early in my career. This was over a
474
00:21:16.279 --> 00:21:18.440
decade ago. I got a call from the CEO of
475
00:21:18.440 --> 00:21:20.920
a biotech company I was working with, and it was
476
00:21:20.960 --> 00:21:22.759
dinner time. I didn't usually hear from this guy this
477
00:21:22.839 --> 00:21:24.960
late at night, and I thought, oh goodness, this could
478
00:21:24.960 --> 00:21:26.960
be anything. You know, Like you said, you have some
479
00:21:27.039 --> 00:21:29.400
of those that PTSD and I thought, oh, this might
480
00:21:29.440 --> 00:21:31.640
be one of those kinds of phone calls. I answered
481
00:21:31.640 --> 00:21:33.119
the call. He said, Hey, sorry to interrupt dinner. I
482
00:21:33.119 --> 00:21:34.559
just really needed to tell you something and I needed
483
00:21:34.599 --> 00:21:36.319
to say it right away. I thought, all right, you
484
00:21:36.319 --> 00:21:38.240
know what do you need to tell me? And he said,
485
00:21:38.440 --> 00:21:41.160
we had a meeting earlier today and we realized you're
486
00:21:41.200 --> 00:21:44.440
the first consultant we've ever worked with who did exactly
487
00:21:44.480 --> 00:21:47.079
what he said he was going to do. And once
488
00:21:47.119 --> 00:21:49.319
I had that phone call, that became the new standard
489
00:21:49.359 --> 00:21:51.880
for me. It wasn't about I need to have, you know,
490
00:21:52.160 --> 00:21:54.119
the nicest car I want to be the best at
491
00:21:54.119 --> 00:21:55.720
this or that or the other. If I could just
492
00:21:55.759 --> 00:21:57.720
make a career out of people saying he said he
493
00:21:57.759 --> 00:21:59.519
was going to do X, and he did X, so
494
00:21:59.599 --> 00:22:01.400
that was good enough for me. And I think that
495
00:22:01.400 --> 00:22:02.880
that's one of the things that's allowed me to grow
496
00:22:02.920 --> 00:22:04.799
this career. Because again, if you have goals that involve
497
00:22:04.839 --> 00:22:06.920
other people, and pretty much all of them do, then
498
00:22:07.039 --> 00:22:08.359
character is going to be a big part of how
499
00:22:08.359 --> 00:22:09.839
you are in trust, and trust is going to be
500
00:22:09.839 --> 00:22:10.799
a big part of how you get what.
501
00:22:10.839 --> 00:22:16.200
You are right. Okay, that having been said, When you people,
502
00:22:16.240 --> 00:22:19.279
when you buy this book, success is a numbers game.
503
00:22:19.319 --> 00:22:24.000
You're getting a framework, and I think everyone needs frameworks.
504
00:22:24.160 --> 00:22:27.000
So how do you want your framework to change not
505
00:22:27.200 --> 00:22:28.839
just outcomes, but people.
506
00:22:33.519 --> 00:22:36.000
Well, one of the biggest impacts that I'm hoping to
507
00:22:36.000 --> 00:22:37.559
have through the book is I want to put people
508
00:22:37.559 --> 00:22:41.119
in a position where they feel a sense of ownership
509
00:22:41.160 --> 00:22:43.240
in their own lives. I think a lot of people
510
00:22:43.240 --> 00:22:46.359
believe that success is reserved for two kinds of people.
511
00:22:46.440 --> 00:22:48.920
People who are just incredibly talented. You know, we think
512
00:22:48.960 --> 00:22:52.279
about a basketball player like Victor Winmbin Yama he's like
513
00:22:52.359 --> 00:22:55.440
seven foot six or something insane, and so of course
514
00:22:55.480 --> 00:22:58.079
he's going to be successfully he's seven foot six. I
515
00:22:58.079 --> 00:22:59.640
think a lot of people think that success is for
516
00:22:59.680 --> 00:23:01.920
that type person, and maybe also for people who get
517
00:23:01.960 --> 00:23:04.240
really lucky. In the book, I tell the story of
518
00:23:04.279 --> 00:23:08.119
Norma Jean Doherty. She's working at an aviation munitions factory
519
00:23:08.200 --> 00:23:10.839
during the war when a photographer comes to take pictures
520
00:23:10.839 --> 00:23:13.680
for a military magazine designed to inspire the troops with
521
00:23:13.720 --> 00:23:16.359
all the manufacturing going on back home, and when he
522
00:23:16.400 --> 00:23:18.519
meets Norma Jean, he notices that she's a lovely woman.
523
00:23:18.519 --> 00:23:19.799
He says, can I take some pictures of you from
524
00:23:19.839 --> 00:23:22.240
magazines and we'll submit them and see if maybe there's
525
00:23:22.240 --> 00:23:24.880
a career for you there. She says, sure, let's try it.
526
00:23:24.880 --> 00:23:26.920
It goes really well, so well, in fact, that she
527
00:23:27.000 --> 00:23:29.799
ends up becoming an actress and has incredible success under
528
00:23:29.799 --> 00:23:33.119
the stage name Marilyn Monroe. Now that's a pretty remarkable
529
00:23:33.160 --> 00:23:37.200
story of success. But is that the kind of success
530
00:23:37.200 --> 00:23:39.319
we would want to reverse engineer? If somebody came to
531
00:23:39.319 --> 00:23:40.920
me and said I want to be a successful movie star,
532
00:23:40.960 --> 00:23:42.599
would I say, now, we need to get you a
533
00:23:42.640 --> 00:23:45.599
factory job just in case a photographer happens to stop
534
00:23:45.640 --> 00:23:48.559
by someday. No, that's a very unlikely success. That's somebody
535
00:23:48.559 --> 00:23:51.160
who got very, very very lucky working at a factory
536
00:23:51.319 --> 00:23:53.400
and that leads them to become a movie star. So
537
00:23:53.720 --> 00:23:55.359
I think a lot of people believe that success is
538
00:23:55.359 --> 00:23:57.720
for those who are just incredibly talented successors, for people
539
00:23:57.720 --> 00:23:59.680
who have a big break. What I want to do,
540
00:23:59.680 --> 00:24:01.640
what I want want to impact people with the mindset
541
00:24:01.680 --> 00:24:03.440
that I want to change is teaching people that you
542
00:24:03.559 --> 00:24:07.640
have the opportunity to acknowledge and better understand the risk
543
00:24:07.759 --> 00:24:10.119
in your lives, and then you have the opportunity to
544
00:24:10.160 --> 00:24:12.640
be intentional, to use your creativity, to use those inner
545
00:24:12.759 --> 00:24:15.000
qualities to try to change your odds of success. You
546
00:24:15.000 --> 00:24:16.759
don't have to sit on the sidelines hoping that things
547
00:24:16.759 --> 00:24:19.440
will one day work out for you. You can set goals today.
548
00:24:19.559 --> 00:24:21.599
You can identify what has to go right, and you
549
00:24:21.599 --> 00:24:23.319
can spend some time looking at the things that could
550
00:24:23.319 --> 00:24:25.680
go wrong. And the beautiful thing about a success diagram
551
00:24:25.720 --> 00:24:28.119
is once you have that written down in the same
552
00:24:28.119 --> 00:24:30.000
way that people maybe talking about like a brain dump,
553
00:24:30.039 --> 00:24:31.319
you know, make it to do list, get it all
554
00:24:31.319 --> 00:24:33.400
out of your head. Well, success diagram is kind of
555
00:24:33.440 --> 00:24:35.400
the same thing for probability. When you get it out
556
00:24:35.440 --> 00:24:37.359
of your head and onto a sheet of paper, you
557
00:24:37.400 --> 00:24:39.079
put yourself in a position where you can now just
558
00:24:39.160 --> 00:24:41.559
live your life looking for the kinds of things that
559
00:24:41.599 --> 00:24:44.400
will help you change your odds. In my case, one
560
00:24:44.440 --> 00:24:46.480
example would be I wanted to write a book. It
561
00:24:46.519 --> 00:24:48.319
was a goal I'd had for a long time, but
562
00:24:48.359 --> 00:24:49.960
I knew that I wasn't really in a position to
563
00:24:50.000 --> 00:24:52.640
do that when I first set that goal maybe fifteen
564
00:24:52.680 --> 00:24:55.680
years ago. So as I just lived my life, I
565
00:24:55.720 --> 00:24:57.440
had the ability to make decisions to put me in
566
00:24:57.440 --> 00:24:59.599
a better position. When I had opportunities to write for
567
00:24:59.599 --> 00:25:02.160
publica it's like Forbes and the Harvard Business Review, I
568
00:25:02.240 --> 00:25:03.920
took it in part because it was going to put
569
00:25:03.920 --> 00:25:05.720
me in a better position to write this book. When
570
00:25:05.720 --> 00:25:08.480
I had opportunities to work with literary agents on projects
571
00:25:08.519 --> 00:25:10.359
that maybe didn't pay as well as you know, say
572
00:25:10.359 --> 00:25:12.480
a biotech CEO calling me in the middle of the night,
573
00:25:12.799 --> 00:25:14.759
I took those contracts too, because I wanted to have
574
00:25:14.759 --> 00:25:17.119
those relationships. So when we know what has to go
575
00:25:17.200 --> 00:25:18.720
right to get what we want, we can then live
576
00:25:18.759 --> 00:25:21.640
our lives. And it's not exactly passive but it does
577
00:25:21.680 --> 00:25:24.599
feel almost a little bit on autopilot because we're just
578
00:25:24.640 --> 00:25:26.400
living the same life who would have lived otherwise, but
579
00:25:26.440 --> 00:25:28.480
we're making more intentional decisions as a result.
580
00:25:28.640 --> 00:25:34.359
And with that though, you are speaking as a person
581
00:25:34.440 --> 00:25:41.039
of clarity, and I think because you left a corporate job,
582
00:25:41.880 --> 00:25:46.640
you had a higher mindfulness to know what has to
583
00:25:46.720 --> 00:25:50.799
go right, because you left the trappings of what someone
584
00:25:50.880 --> 00:25:52.920
else thought has to go right.
585
00:25:56.759 --> 00:25:58.279
I think there's a lot of truth in that. I
586
00:25:58.279 --> 00:26:01.119
think that it's easy to lose perspective when you get
587
00:26:01.160 --> 00:26:04.119
too deep into a project, and that can certainly be
588
00:26:04.160 --> 00:26:05.839
the case with a full time job. One of the
589
00:26:05.880 --> 00:26:08.680
benefits of consulting is when you're transitioning from project to
590
00:26:08.680 --> 00:26:11.200
project to project over the course of the day, you're
591
00:26:11.240 --> 00:26:13.519
able to, i think, maintain a little bit more of
592
00:26:13.519 --> 00:26:16.680
that fresh mindset, a little bit more of that outsider's
593
00:26:16.759 --> 00:26:18.960
view that allows you to spot the things that have
594
00:26:19.039 --> 00:26:22.799
maybe become so commonplace that people stuck in the middle
595
00:26:22.839 --> 00:26:26.920
of it that they aren't able to notice anymore. Consulting
596
00:26:27.000 --> 00:26:28.640
is basically getting paid a lot of money to have
597
00:26:28.640 --> 00:26:30.680
a fresh perspective, which is.
598
00:26:30.680 --> 00:26:37.519
A great I think it's fresh eyes, fresh ears, and
599
00:26:37.680 --> 00:26:41.759
somebody who can ask some of those existential questions that
600
00:26:41.839 --> 00:26:47.720
aren't being asked inside of a company. So I value consultants.
601
00:26:48.279 --> 00:26:51.359
Final a question for you when you start frameworks, what
602
00:26:51.559 --> 00:26:55.200
does being truly significant mean to you? And how are
603
00:26:55.240 --> 00:27:01.680
you increasing the odds of living that life?
604
00:27:01.759 --> 00:27:03.319
Well, when you say step back for the boardrooms first,
605
00:27:03.359 --> 00:27:04.640
I want to talk about just in the context of
606
00:27:04.720 --> 00:27:06.559
the boardrooms, because exactly what you just said. When it
607
00:27:06.559 --> 00:27:08.319
comes to consulting, a lot of times, what you're doing
608
00:27:08.359 --> 00:27:11.240
is you're giving voice to team members who maybe have
609
00:27:11.319 --> 00:27:13.319
too much on the line right because their incomes are
610
00:27:13.319 --> 00:27:15.920
not diversified. They're in a position where if they ask
611
00:27:16.039 --> 00:27:19.440
that existential question, they might be inviting risk into their career.
612
00:27:19.480 --> 00:27:20.839
They might end up having to have the kind of
613
00:27:20.839 --> 00:27:22.920
conversations that you've had with your spouse that I've had
614
00:27:22.960 --> 00:27:24.759
a couple times with my spouse. So one of the
615
00:27:24.759 --> 00:27:26.519
beautiful things about being a consultant is you can go
616
00:27:26.599 --> 00:27:29.240
into the room and you can watch the people around
617
00:27:29.240 --> 00:27:31.359
the table as you say things, and you'll see in
618
00:27:31.400 --> 00:27:33.799
their eyes if you're barking up the right tree, if
619
00:27:33.799 --> 00:27:35.799
this is something that needs to be explored more deeply.
620
00:27:35.880 --> 00:27:37.759
So I think one of the ways you have significance
621
00:27:37.799 --> 00:27:39.920
in your consulting career is you're giving voice to people.
622
00:27:40.200 --> 00:27:42.960
Because you have taken on the risk to over time
623
00:27:43.000 --> 00:27:45.440
build a clientele and have that diversified income, which is
624
00:27:45.480 --> 00:27:47.680
a challenging thing to do. You've now put yourself in
625
00:27:47.680 --> 00:27:49.480
a position where you can help other people who don't
626
00:27:49.519 --> 00:27:51.759
have that, And like I said, you shine a light
627
00:27:51.839 --> 00:27:54.400
on issues in companies that maybe the internal team feels
628
00:27:54.440 --> 00:27:56.480
uncomfortable shining a light on. So I think you're absolutely
629
00:27:56.519 --> 00:27:59.039
right about that. When it comes to stepping back, how
630
00:27:59.039 --> 00:28:00.519
do we do that? We I think in a lot
631
00:28:00.519 --> 00:28:02.359
of ways, it's the same thing. I wrote this book
632
00:28:02.400 --> 00:28:04.880
not just to help people accomplish corporate goals, but also
633
00:28:04.920 --> 00:28:07.200
personal goals. Maybe you're training for a marathon. Maybe you
634
00:28:07.240 --> 00:28:10.039
want to get a pilot's license. Maybe there's an issue
635
00:28:10.039 --> 00:28:12.400
in your community that you want to change, something that
636
00:28:12.480 --> 00:28:15.920
really speaks more to nonprofit work than for profit work.
637
00:28:16.240 --> 00:28:18.200
All of that is still a goal where there's going
638
00:28:18.240 --> 00:28:19.680
to be things that have to go right. There's things
639
00:28:19.680 --> 00:28:21.839
that could go wrong, and there's your odds of success
640
00:28:21.839 --> 00:28:23.519
to think about, and if you take the time to
641
00:28:23.599 --> 00:28:26.720
understand those, change your odds of success. I think The
642
00:28:26.759 --> 00:28:29.079
biggest impact this book can have is when it's helping
643
00:28:29.160 --> 00:28:31.640
people try to accomplish those sorts of the goals, When
644
00:28:31.640 --> 00:28:34.680
it's helping people recognize an injustice in their community and
645
00:28:34.759 --> 00:28:37.359
think about it more like an actual project. What's going
646
00:28:37.440 --> 00:28:38.920
to have to happen? What could go wrong? How can
647
00:28:38.960 --> 00:28:41.680
I change my odds of success? Sometimes we want to
648
00:28:41.720 --> 00:28:44.920
pretend that, you know, a virtuous goal is an antidote
649
00:28:44.960 --> 00:28:47.839
to risk. If I'm pursuing something good, that'll take the
650
00:28:47.960 --> 00:28:50.319
risk out of it. That's not true. Sometimes we want
651
00:28:50.359 --> 00:28:53.759
to treat, you know, desire as an antidote to risk.
652
00:28:53.839 --> 00:28:56.160
I really want this to go right. Well, let's say
653
00:28:56.160 --> 00:28:58.160
we're training to run that marathon and one of our
654
00:28:58.200 --> 00:29:01.119
potential bad outcomes is some inclement. Wal I just had
655
00:29:01.119 --> 00:29:03.400
an ice storm here where I live in Nashville, Tennessee,
656
00:29:03.759 --> 00:29:06.200
and for about two weeks there was ice on the sidewalks.
657
00:29:06.200 --> 00:29:08.519
I couldn't train by running on the sidewalks because of
658
00:29:08.559 --> 00:29:11.400
that ice. It was too dangerous, too slippery. So how
659
00:29:11.400 --> 00:29:14.960
does my desire take that risk away? It doesn't. But
660
00:29:15.039 --> 00:29:16.920
other other things I could do to take that risk away?
661
00:29:17.039 --> 00:29:19.160
Could I have a treadmill in my house? Could I
662
00:29:19.200 --> 00:29:21.000
get a gym membership for a period of time while
663
00:29:21.000 --> 00:29:23.839
I'm training for this marathon? Could I identify some alternative
664
00:29:23.839 --> 00:29:25.960
exercises that work some of the same muscles as running.
665
00:29:25.960 --> 00:29:28.000
Could I climb the stairs? You know what else could
666
00:29:28.000 --> 00:29:31.359
I be doing? When we think that way, we put
667
00:29:31.359 --> 00:29:33.319
ourselves in a position to do what I said earlier,
668
00:29:33.319 --> 00:29:35.759
which is take some agency in our lives. Move beyond
669
00:29:35.759 --> 00:29:38.640
the mindset that only really talented people succeed, only really
670
00:29:38.720 --> 00:29:42.240
lucky people succeed. Realize that anyone has the opportunity to succeed,
671
00:29:42.559 --> 00:29:45.839
and the most reliable way to achieve that success, experience
672
00:29:45.880 --> 00:29:48.200
that success is to have the odds on your side.
673
00:29:48.440 --> 00:29:50.640
You've been a great guest, and I need to have
674
00:29:50.720 --> 00:29:52.640
you back on again. And I think you've got to
675
00:29:52.799 --> 00:29:53.920
keep out up your sleeve.
676
00:29:54.359 --> 00:29:59.079
Please do right now in about three years writing this one.
677
00:29:59.160 --> 00:30:01.400
So if and I tell you writing another book, please
678
00:30:01.440 --> 00:30:03.119
talk me out of it. But I'm very thankful for
679
00:30:03.400 --> 00:30:04.839
what this book has done, and I hope it's helping you.
680
00:30:05.000 --> 00:30:07.160
Thank you so much. That was Kyle Young. He's the
681
00:30:07.200 --> 00:30:11.480
author of Success is a numbers Game. Achieve bigger goals
682
00:30:11.519 --> 00:30:15.000
by changing the odds. Wonderful guest, Thank you sir. We
683
00:30:15.039 --> 00:30:21.640
appreciate you being on Folks. We hope that you enjoyed
684
00:30:21.680 --> 00:30:27.880
today's program and by reading wonderful books like this, you'll
685
00:30:27.920 --> 00:30:30.680
be able to change your odds. But I would also
686
00:30:30.880 --> 00:30:33.960
add this that we know that you are on your
687
00:30:34.039 --> 00:30:39.200
own chase of success. Along the way, pay attention to
688
00:30:39.240 --> 00:30:42.000
what's significant. Also have record