Sitting on Your Own Bottom

Good stuff:

If I had to single out one piece of advice that’s guided me through life, most likely it would be from my grandmother, Nellie Molonson. She always made a point of making sure I understood that on the road to success, there’s no point in blaming others when you fail. Here’s how she put it:

“Sonny, I don’t care who you are. Some day you’re going to have to sit on your own bottom.”

via T. Boone Pickens

Although, I don’t see this as advice as much as just a simple fact of life. Individuals who, eventually, sit on their “own bottom” learn to take ownership of their lives, the good, the bad, and the ugly.

There’s a part of me that never wants to grow up; it just seems like too much responsibility and I already feel like I have too much of it. But, it’s either I do it now or do it later — I can wait to try to delay the inevitable or I can decide, in the here and now, that I’m going to give it a serious go.

Oh, and if you want some advice on how to build wealth, well, he’s got that for you too:

  1. A good work ethic is critical.
  2. Don’t think competition is bad, but play by the rules. I loved to compete and win. I never wanted the other guy to do badly; I just wanted to do a little better than he did.
  3. Learn to analyze well. Assess the risks and the prospective rewards, and keep it simple.
  4. Be willing to make decisions. That’s the most important quality in a good leader: Avoid the “Ready-aim-aim-aim-aim” syndrome. You have to be willing to fire.
  5. Learn from mistakes. That’s not just a cliché. I sure made my share. Remember the doors that smashed your fingers the first time and be more careful the next trip through.
  6. Be humble. I always believed the higher a monkey climbs in the tree, the more people below can see his ass. You don’t have to be that monkey.
  7. Don’t look to government to solve problems — the strength of this country is in its people.
  8. Stay fit. You don’t want to get old and feel bad. You’ll also get a lot more accomplished and feel better about yourself if you stay fit. I didn’t make it to 91 by neglecting my health.
  9. Embrace change. Although older people are generally threatened by change, young people loved me because I embraced change rather than running from it. Change creates opportunity.
  10. Have faith, both in spiritual matters and in humanity, and in yourself. That faith will see you through the dark times we all navigate.

Rest in peace Mr. Pickens.