The Most Important Muscle to Create Enduring Success | AdvisorAnalyst Practice Growth

I’ve writ­ten in the past about research with suc­cess­ful Israeli entre­pre­neurs on what made them suc­cess­ful.  Out of 15 attrib­utes, the sin­gle fac­tor they iden­ti­fied as most impor­tant was resilience, the abil­ity to bounce back from set­backs. Even the most suc­cess­ful peo­ple encounter adver­sity – the ques­tion isn’t whether you’ll run into set­backs, but rather how you deal with them.

Today’s arti­cle focuses on a new book by two psy­chi­a­trists, one dean at the Mount Sinai School of Med­i­cine and the other a pro­fes­sor at the Yale School of Med­i­cine. Resilience – the Sci­ence of Mas­ter­ing Life’s Great­est Chal­lenges exam­ines all the research on why some peo­ple are crushed by dis­ap­point­ments while oth­ers bounce back and prevail.

A key find­ing in the book is that while resilience does have a genetic com­po­nent, it can also be devel­oped – you  can actu­ally build your resilience mus­cle.  One sim­ple strat­egy: Get­ting out of your com­fort zone in a safe, con­trolled way actu­ally increases the abil­ity to with­stand more seri­ous set­backs when they occur, some­thing the authors refer to as “stress incu­ba­tion.”

The book’s find­ings have some impor­tant impli­ca­tions for par­ents who want their chil­dren to become resilient; over­pro­tec­tive par­ents actu­ally under­mine the devel­op­ment of this key trait.

There are also impor­tant impli­ca­tions for finan­cial advi­sors. Among the fac­tors that increase resilience:

·         A pos­i­tive atti­tude  and sense of real­is­tic optimism

·         A mind­set that wel­comes chal­lenges with­out being over­whelmed by fear of neg­a­tive consequences

·         A clear moral com­pass and strong set of beliefs

·         A pri­or­ity on help­ing other peo­ple, what can be referred to as an altru­is­tic personality

·         Reg­u­lar aer­o­bic exercise

·         And #1 on the list, par­tic­i­pat­ing in a sup­port­ive social net­work in which you both give and receive sup­port. In fact, research shows that while both mat­ter, giv­ing sup­port is even more impor­tant in cre­at­ing a resilient per­son­al­ity than receiv­ing support.

For more infor­ma­tion on this research, here are links to recent inter­views with the book’s authors in Time Mag­a­zine and the Globe and Mail:

via The Most Important Muscle to Create Enduring Success | AdvisorAnalyst Practice Growth.

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