Be Playful

An Idea Worth $100,000

Posted on: 21 April 2008

coins
Photo by Jeff Belmonte.

What idea could be worth one hundred thousand dollars?

When he was alive, Charles Schwab (1862 – 1939) was one of the richest, most successful and powerful men in the world. He ran the biggest independent steel company in America, and lived in a $7,000,000 seventy five room mansion in New York.

One day, someone approached Schwab with a request. They said: ‘Mr. Schwab, I would like to give you an idea and I would like you to use it for one month. At the end of that one month, you pay me whatever you think the idea is worth.’ Schwab agreed to this.

After trying the idea for a month, Schwab agreed to pay the person $100,000. Today, that would be over $3,000,000. Three million dollars!

I’d like to share this idea with you now.

The $100,000 Idea

The idea given to Schwab was simple. He was told to sit down for a few moments towards the end of each day, and write down the five most important things that he needed to accomplish tomorrow.

When he got up the next day, he was to ensure that those five things got done, whatever it took. If only four got done, the last thing was to be first on the next days list.

Massive Action

Rock Climbing
Photo by Susanica.

The $100,000 idea is massive action in practice. As Michael Heppell puts it, Massive Action = Massive Results. You can read more about massive action in my Change Your Life with Kaizen post.

Advertisements

7 Responses to "An Idea Worth $100,000"

David –

Great idea. I’ve been using this for the last six months and results are astounding. It’s reassuring to read your post that confirms my belief that actions, however small, can bring great success.

Thanks
Shilpan

I’ve been trying to figure out how to be more productive. Its Like you read my mind. I’ll start doing this today. Great idea.

That is so incredible…and so simple at the same time! Awesome post!

What a great anecdote! And definitely a fantastic idea. Thanks for sharing!

@ Shilpan – to your continued success!

@ Mark – my pleasure to have helped. Let me know how you get on.

@ Chelle – thank you 🙂 let me know what happens if you try it.

@ Clay – thanks for stopping by. I just checked out your blog, it’s awesome! I’m on your RSS list now.

[…] week my Kaizen Challenge was to take time out every evening to write down the five most important things that I would like to accomplish the next day. On the days that I wrote down five things to […]

[…] A clever way to hide the social bookmarking buttons see Be Playful […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow My Tweets

Archive

%d bloggers like this: