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April 13, 2007

Mindset by Carol Dweck: Part Three (Changing Your Mindset)

As Carol Dweck writes about in her book Mindset, there are ways to change your Mindset from one that is fixed to one of growth. Here are four simple steps from the The Mindset site:

Step1. Learn to hear your fixed mindset “voice.”

As you approach a challenge, that voice might say to you “Are you sure you can do it? Maybe you don’t have the talent.” “What if you fail—you’ll be a failure” “People will laugh at you for thinking you had talent.” “If you don’t try, you can protect yourself and keep your dignity.”

As you hit a setback, the voice might say, “This would have been a snap if you really had talent.” “You see, I told you it was a risk. Now you’ve gone and shown the world how limited you are.” “ It’s not too late to back out, make excuses, and try to regain your dignity.”

As you face criticism, you might hear yourself say, “It’s not my fault. It was something or someone else’s fault.” You might feel yourself getting angry at the person who is giving you feedback. “Who do they think they are? I’ll put them in their place.” The other person might be giving you specific, constructive feedback, but you might be hearing them say “I’m really disappointed in you. I thought you were capable but now I see you’re not.”

Step 2. Recognize that you have a choice.

How you interpret challenges, setbacks, and criticism is your choice. You can interpret them in a fixed mindset as signs that your fixed talents or abilities are lacking. Or you can interpret them in a growth mindset as signs that you need to ramp up your strategies and effort, stretch yourself, and expand your abilities. It’s up to you.

So as you face challenges, setbacks, and criticism, listen to the fixed mindset voice and...

Step 3. Talk back to it with a growth mindset voice.

As you approach a challenge:

THE FIXED-MINDSET says “Are you sure you can do it? Maybe you don’t have the talent.”

THE GROWTH-MINDSET answers, “I’m not sure I can do it now, but I think I can learn to with time and effort.”

FIXED MINDSET: “What if you fail—you’ll be a failure”

GROWTH MINDSET: “Most successful people had failures along the way.”

FIXED MINDSET: “If you don’t try, you can protect yourself and keep your dignity.”

GROWTH MINDSET: “If I don’t try, I automatically fail. Where’s the dignity in that?”

As you hit a setback:

FIXED MINDSET: “This would have been a snap if you really had talent.”

GROWTH MINDSET: “That is so wrong. Basketball wasn’t easy for Michael Jordan and science wasn’t easy for Thomas Edison. They had a passion and put in tons of effort.

As you face criticism:

FIXED MINDSET: “It’s not my fault. It was something or someone else’s fault.”

GROWTH MINDSET: “If I don’t take responsibility, I can’t fix it. Let me listen—however painful it is– and learn whatever I can.”

Then...
Step 4. Take the growth mindset action.

Over time, which voice you heed becomes pretty much your choice. Whether you

* take on the challenge wholeheartedly,
* learn from your setbacks and try again
* hear the criticism and act on it is now in your hands.

Practice hearing both voices, and practice acting on the growth mindset. See how you can make it work for you.

April 12, 2007

Mindset by Carol Dweck: Part Two (Fixed Mindset or Growth Mindset?)

I really bit off more than I could chew in trying to review this rare and powerful book Mindset by Carol Dweck in a couple days! The three main points I hope we can all take away are:

(1) Which Mindset do you have- Fixed or Growth?
(2) How does that affect all the areas of my life?
(3) How can I change my Mindset?

What exactly is a Mindset anyway? I could try to explain it, but the Mindset website says it so well, I'll just share what it says:

"Mindset explains:

* Why brains and talent don’t bring success
* How they can stand in the way of it
* Why praising brains and talent doesn’t foster self-esteem and accomplishment, but jeopardizes them
* How teaching a simple idea about the brain raises grades and productivity
* What all great CEOs, parents, teachers, athletes know

Mindset is a simple idea discovered by world-renowned Stanford University psychologist Carol Dweck in decades of research on achievement and success—a simple idea that makes all the difference.

In a fixed mindset, people believe their basic qualities, like their intelligence or talent, are simply fixed traits. They spend their time documenting their intelligence or talent instead of developing them. They also believe that talent alone creates success—without effort. They’re wrong.

In a growth mindset, people believe that their most basic abilities can be developed through dedication and hard work—brains and talent are just the starting point. This view creates a love of learning and a resilience that is essential for great accomplishment. Virtually all great people have had these qualities."

Which Mindset do you have? You can take a quick test right here to find out!

While I have considered myself a growth mindset person, as I read the book, I realized that is not the case in all areas of my life. There are areas like art and math that I was told I was terrible at, and always believed that, never making an effort. I just thought those were talents or areas people were just naturally smart or good or not. I didn't realize that if I made the effort to really learn, I could be good at those things too.

One of the best examples in the book, as far as illustrating the growth vs. fixed mindset, was the story of Michael Jordan. We all think of him as the most naturally talented player in basketball history. That is not the truth of it. He was cut from his high school varsity team, wasn't recruited by the college he wanted to play for, nor was he chosen by the first two NBA teams that could have selected him. When he was cut from the varsity team, his mother told him to "go back and discipline himself". He took her words to heart.

His work ethic became unparalleled. He would leave home at 6 AM to go practice before school. When he played college ball, he was constantly working on his weakenesses, staying after lost games to work on his shots, even at the end of the season in preparation for the next one. John Bach, former Bulls assistant coach called Jordan, " a genius who constantly wants to upgrade his genius."

Michael Jordan understood that success came from more than talent- it came from effort and practice, from heart and character. He said once, " The mental toughness and the heart are a lot stronger than some of the physical advantages you might have. I've always said that, and I've always believed that."

Having talent is almost worse than not having talent, because when you are not as talented (pretty, smart, rich, etc.) you have to work twice as hard.

The key is in the right mindset and the willingness to make the effort to grow.

You may find yourself saying, my mindset has been holding me back not only financially, but in many areas of life. Maybe you would like to change your mindset. We'll talk more about that tomorrow, as we go through the steps to change your mindset.

April 11, 2007

Mindset by Carol Dweck: Part One

I mentioned last week on "What I'm Reading Wednesday", that I have been reading through a few different books, one of them being Mindset by Carol Dweck.

When I first found out about Mindset on Guy Kawasaki's blog a couple weeks ago, I felt compelled to read it. I have conversations with investor and business owner girl friends (and Kim Kiyosaki- who also picked up the book) about how to help women see the importance of taking control of their finances: "How can women change their mindsets?" (without having to go through pain and loss first?)

I looked online for bookstores in the area that might have it. One did...40 minutes across town! I loaded up my kids and headed over. Just as I got on the road, my son said he wasn't feeling well. So we turned around and went back home...good thing we did..it became 48 hours of the 24 hour flu (2 kids x 24 hours each).

The day everyone was better, I was determined to pick up the book. I threw everyone back in the car, and drove the 40 minutes to the bookstore that had Mindset in stock... only to find they were the only store in the Biltmore Fashion Park to be closed due to a power outage! I called and found another bookstore had it in stock, so instead of waiting two hours with two kids, I piled us back in the car and drove another half hour to get this book. (Did I mention I was determined?)

Upon arriving at this store, I was informed the books were "en route", but not actually in said store! I couldn't believe it. I headed back toward the original store, hoping it might be back open by the time I got close...and it was! You never saw anyone so happy to get a book (especially one called Mindset!). I headed home, and promptly started reading Mindset, before I lost it for a couple of days (the book, not my mind...although some would say that is debateable...).

I have got to say this book has impacted me more than anything I have read in a long time. It has challenged me and opened new doors. I'm going to take the next few days to review key points from the book Mindset, since the right mindset is everything when it comes to being financially independent and yes, wealthy.

( Fiscal Musings had a great post about this same idea: wealth starting with the right mindset.)

Also, thanks to Guy Kawasaki for finding this video featuring Mindset author Carol Dweck you may want to check out! Kudos again to Guy for being the reason I went to pick up this book in the first place!

Do you have a fixed mindset or a growth mindset? Find out over the next few days out how the right mindset, or the "effort-effect" can change your life...

About Mindset Series

This page contains an archive of all entries posted to No Limits Ladies.com in the Mindset Series category. They are listed from oldest to newest.

Kimber's Blog is the previous category.

Mom and Money is the next category.

Many more can be found on the main index page or by looking through the archives.

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