Natu.io for more on Natu Myers' legendary principles.
What is the Millionaire Problem Solving Strategy?
- It is ultimately a way to better understand reality.
- There are several blind spots that block us from growing and better understanding it.
- It is the scientific method applied (to business, your goals, etc).
- Based on the principles of systems.
- This strategy is A major component of all Systems
- Combination of strategy and tactics.
Why does the Millionaire Problem Solving Strategy Work?
- Inputs -> Processes -> Outputs -> Feedback -> and so on....
- Inputs -> Processes -> Outputs -> Feedback -> Inputs -> Processes -> Outputs -> Feedback -> Inputs -> Processes -> Outputs -> Feedback -> it never stops
1. Input
- Input: a hyperdetailed vision, description of a goal, idea, strategy, mindset, hypothesis
- After step 3, use findings to adapt understanding of reality
2. Processes
- Processes: the tactics, the work, the reverse engineering
3. Outputs and Feedback
- Outputs and Feedback: What is the result?
- In collecting feedback, have heightened sensitivity to the details to collect the richest feedback possible.
- The feedback goes back into the new input to adjust it. The process repeats itself forever
A Warning:
- Warning: Don't attach your identity to any SINGLE one of these things or else you'll be either too strategic (long-term) or too tactical (short-term)
Similar Example - Ray Dalio's 5 Steps to Success:
- Goal - Have a detailed goal
- Problem - Run into problems
- Diagnose - Define the Problem
- Design - Create a strategy to fix the problem
- Do - Execute the strategy to fix the problem
How to develop the Millionaire Problem Solving Strategy
Weekly, reflect:
I will track myself by ________.
A weakness I have in the Millionaire Problem Solving Strategy is ________.
A character trait that limits me from the Millionaire Problem Solving Strategy is ________.
Someone who compliments my weaknesses and can help me achieve the Millionaire Problem Solving Strategy is ________.