Significant Career Lesson From An Owner And CEO At Bar And Restaurant Patrol

Don't settle for something, even if you have to get another job to make ends meet and generate income. You need income. You can't just jump into something without a safety net.

You've got to have income. But don't settle and quit. You need to find a way to do what you want on your terms.

I tell my kids all the time not to be part of the 95% who sleepwalk through life. So many people do. I talk to them about being in the 5% who think differently and carve their own path.

This reminds me of a Cornell study. They asked a thousand people on their deathbeds about their greatest regrets. 76% said they didn't live up to their potential because they were too passive, too lazy, or didn't believe in themselves. That's three-fourths of the population who regretted not going for it.

The Social Security Administration has another study that illustrates where the 95% comes in. Of a hundred people who start their careers at age 24 and are tracked for 40 years:

* One will be wealthy.
* Four will be financially well off.
* Five will continue working well past retirement because they have to. That's 10% of the population.
* 36% will be dead.
* The rest will be financially poor, depending on relatives and the government.

That's more than half the population that didn't fulfill their expectations. It's more than that, right? People keep working beyond retirement. Only 5% are financially well off.

So, my advice is don't reach the end of your life and be one of the 76% who regret not living up to your potential and going for something. If you go for something and fail, it's not a failure. It's just learning from what didn't work, so you can move forward to what will work. That's my advice.