The Rule of 1‪%‬ Karate 4 Life

How good would it be if you could get a 1% return on investment?



Well… if you thinking 1% per annum like the banks give you, then it's probably not so attractive.



But what about if it’s 1% per week or even 1% per day, compounded?



Sounds too good to be true, but it's possible.



Full disclosure: This episode is about personal growth, not finances. But if properly applied, this could also have a very positive effect on your finances if that's your focus.



We want to help you make a shift in mindset that allows you to create this kind of growth through consistent effort and a push towards continual improvement.



Think about it, let's say there's something that you really like to do and you do it on a regular basis… like karate ;-)



Every time you train, you aim to improve by just 1%. If you can do that, how quickly do you think you could be twice as good compared to your starting point?



This is the basis of the rule of 1%, but it doesn't stop there.





---- Transcript ----



Martin: Hey everyone, this is Martin & Sandra Phillips and welcome back to the Karate 4 Life Podcast.



Sandra: Today we want to talk about, ‘The Rule of 1%.’



Martin: We've noticed that everyone faces challenges in life, some big some small. But not everyone has a way to navigate these problems.



Sandra: It’s not always easy, but we’ve found that we always keep coming back to what we’ve learned from our years in the dojo.



Martin: And that’s what this podcast is about...



Sandra: Helping us all find the solutions to life’s problems...



Martin: Or even better yet, to remove the problems before they arise.



Sandra: This is Martin & Sandra Phillips and welcome to the Karate 4 Life Podcast.





Sandra: Okay, today, Martin, we wanted to look at one of the most powerful habits that we've come to learn over time. I guess initially in our journeys we didn't really realise we're even doing this when we're quite young, but I guess when you're teaching for a long time, you soon come to realise the power of this habit. I'm going to hand over to you to share a bit more about this habit.



Martin: All right. In one of the previous episodes, we've talked about the idea of a growth mindset and that the idea of seeking continual improvement. One of the really powerful ways to do that is through this "Power of 1%", we call it. This idea of growing just 1% every time you do something, and you just add a little bit better, a little bit better, a little bit better, and then over a period of time, you see a whole lot of change.



Sandra: Okay, so you've been training for how many years now?



Martin: Just a couple.



Sandra: Just a couple of years. How many years is a couple?



Martin: 36 years.



Sandra: Okay, so 36 years. In 36 years, is there any examples that come to mind where you can see this in your journey of practicing, striving to be 1% better?



Martin: It's one of those things. I wouldn't say that I've ever been a fast learner. I pick things up quickly, but I wouldn't say I've at any one stage, I've progressed through the ranks very quickly. It's always been a fairly constant, steady path forward for me. With that in mind, I guess my whole journey has been about little by little, step by step, going that little bit further.



Sandra: That's great. I think one of the things that you're most famous for in our dojo is "You just gotta turn up."



Martin: You just keep turning up.



Sandra: You gotta keep turning up. You keep on saying to everybody. When you keep turning up, do you think of it in terms of, "I'm going to keep turning up, but do it better this time?"



Martin: Oh, absolutely. Absolutely. That's the goal, that's the underlying thing. It's not just turn up and go through the motions and come back and do it all the same again. If you do it all the same again, you're going to end up in the same place in 10 years' time. In taking that small-- Even if it's the smallest step forward, whatever it