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Success Advice

14 Lessons We Can All Learn From “The Wolf of Wall Street”

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Both the book and the movie “The Wolf of Wall Street” contain many crazy, entertaining, and decadent stories. But beneath all the debauchery there are a number of key lessons for you to learn from the success of Jordan Belfort and Stratton Oakmont.

Read on for some great insight into this motivated business man that will show you how Jordan Belfort was able to build a super pumped organization before it all came tumbling down.

1. Execute on Ideas

Stratton Oakmont’s initial success was based on two premises: That Belfort had come up with a way of teaching young, uneducated people how to sound like professional stock brokers over the phone. That rich people love to gamble – especially when the gamble seems like a legitimate business opportunity. While there had been other people on Wall Street who’d had the same idea, Jordan Belfort was the first person to execute on this idea.

2. Simplify

The reason Belfort was able to transform young, uneducated people into charismatic stock brokers was because he was able to impart his knowledge by giving simple instructions in a way that even the most stupid employees could easily understand.

“And as word of this little secret began to spread throughout Long Island—that there was this wild office, in Lake Success, where all you had to do was show up, follow orders, swear your undying loyalty to the owner, and he would make you rich—young kids started showing up at the boardroom unannounced.” – Jordan Belfort

3. Put Together a Loyal Team

Guys like Kenny Greene and Danny Porush weren’t the smartest guys around. But, they were long-term friends who were fiercely loyal to Jordan Belfort. What does this mean? That it might be a good idea to work with old friends who knew, and liked you, before you got rich and successful.

By doing this you will reduce the risk of: Becoming betrayed or backstabbed by two-faced people and making stupid decisions because you’re surrounded by yes-men who don’t give you accurate feedback.

4. Diversify Competence

Why were Jordan Belfort and Danny Porush a good team? Because they were very different: Belfort had sleeping problems. Porush could fall asleep everywhere – even during bumpy plane rides. Belfort was a highly strategic leader who specialized in delegation. Porush was a good enforcer –brutal enough to eat a gold fish to put employees in their place. Belfort was analytical and had a long-term orientation. Porush was emotional and short-sighted. They were both good at different things – but together they were a great combination.

5. Dress for Success

From day one, employees were instilled with the mantra that they had to act as if – starting by dressing well and looking the part. The purpose of this was to improve their self-esteem and charisma. Jordan Belfort even hired a guy to create tailor-made suits for the up-and-coming employees of Stratton Oakmont.

6. Gather Intelligence on Rivals and Enemies

Belfort gathered intelligence by bugging the SEC people who were investigating Stratton Oakmont and by befriending FBI agent Jim Barsini and getting information about the ongoing investigation on Stratton Oakmont.

7. Guard Your Secrets

Jordan Belfort carefully guarded his secrets by:

• Drafting legal documents to create plausible deniability for shady deals.

• Having the office of Stratton Oakmont and the houses of the top employees swept for bugs regularly.

• Never speaking over the phone about past business deals.

• Using pay phones and other covert forms of communication to ensure that no one listened in on what was being said.

Note: While your business probably differs from Belfort’s by being legal, it’s still a good idea to gather intelligence. For example, you might meet an employee of a rival firm for drinks to learn about the internal gossip going on over there.

8. Study History and Learn From Past Mistakes

Said by Belfort to a Swiss “master forger” while discussing banking laws:

“I’m a student of history, Roland, and I’m a firm believer that he who doesn’t study the mistakes of the past is doomed to repeat them”. – Jordan Belfort

You should follow Belfort’s example by:

• Studying past events in your profession to see what it was that made other people succeed or fail.

• Studying the great men who came before you.

9. Establish a Concrete Reputation

There was never any doubt to the employees, nor the public, that anyone could make a ton of money by working for Stratton Oakmont. To confirm this, the only thing you had to do was take a look at the young, racially diverse, sometimes acne-ridden, well-dressed young men that spread havoc on Long-Island.

“The very idea of Stratton is that it doesn’t matter what family you were born into, or what schools you went to, or whether or not you were voted most likely to succeed in your high-school yearbook. The idea of Stratton is that when you come here and step into the boardroom for the first time, you start your life anew. The very moment you walk through the door and pledge your loyalty to the firm, you become part of the family, and you become a Strattonite.” – Jordan Belfort

10. Create a Set of Core Values that is Easy to Grasp

The core value of Stratton Oakmont was to seize the day. What this really meant to the employees was to:

• Make as much money as possible.

• Compete with colleges who could spend more money and live a crazier and more luxurious lifestyle.

–And what are some common core values of contemporary companies?

• Sustainability.

• Environmental friendliness.

• Integrity.

Which core values do you think are easier to communicate to the employees and make them live by?

11. Lead by Example and Set the Standard

No one over at Stratton Oakmont spent more money on buying luxury items, drugs, prostitutes, or partying than Jordan Belfort. He represented the epitome of the lifestyle that the employees sought to achieve.

“It’s important to keep these guys chasing the dream. And it’s even more important to keep them broke.” I gestured over to the plate glass. “Look at them; as much money as they make, every last one of them is broke! They spend every dime they have, trying to keep up with my lifestyle. But they can’t, because they don’t make enough”. – Jordan Belfort

12. Create Expectations

At Stratton Oakmont employees were expected to work their asses off and make a lot of money. Anything else was frowned upon.

“A rookie stockbroker was expected to make $250,000 his first year. Anything less and he was suspect. By year two you were making $500,000 or you were considered weak and worthless. And by year three you’d better be making a million or more or you were a complete f#%$ing laughingstock.” – Jordan Belfort

13. Provide Incentives for Hard Work

Not only were the employees of Stratton Oakmont paid far above the going rate for stock brokers – but a select few of the hardest working employees were also eligible to branch out on their own and start brokerage firms under Belfort’s guidance.

“It was what every Strattonite dreamed of and something I touched upon in all my meetings—that if you continued to work hard and stay loyal, one day I’d tap you on the shoulder and set you up in business. And then you would get truly rich.” – Jordan Belfort

14. Keep People Dependent on You

To ensure that employees were not only motivated to work, but literally had to stay at the firm and continue making lots money, Belfort encouraged employees to live beyond their means.

“I want you to deal with all your problems by becoming rich! I want you to attack your problems head-on! I want you to go out and start spending money right now. I want you to leverage yourself. I want you to back yourself into a corner. Give yourself no choice but to succeed. Let the consequences of failure become so dire and so unthinkable that you’ll have no choice but to do whatever it takes to succeed.” – Jordan Belfort

Jordan Belfort Picture Quote

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Question:

Are there more lessons to be learned from the Wolf of Wall Street? If you have any of your own, please leave them in the comments section below.

Ludvig Sunström runs Start Gaining Momentum where he writes about practical self-development and gives no-nonsense tips for becoming more efficient and stepping up in life. He is also the author of Breaking out of Homeostasis , a book about claiming more control over your life by overcoming the brain's innate mechanism for staying the same. Feel free to connect with him on Twitter and Google+.

Success Advice

What to do when you have already made it and feel stuck

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Image Credit: Addicted2success

Life often feels finished. That is usually when it starts costing you.

Last week I spoke with a man who seems to have it figured out. A nice business, a team that does not need him in every meeting, the house sorted, a wife who still likes him, which is more than a lot of the men I talk to can say. Halfway through he went quiet and admitted he feels like he is managing a life he signed up for ten years ago. Not miserable. Done growing. A little embarrassed to say it, because what is he supposed to complain about.

The scoreboard does not notice

I knew the feeling before he finished the sentence. Addicted2Success started as a blog in Perth when I was young enough to think the answer to everything was more output. It worked. The site grew, the audience grew, the coaching grew, and for a long time the scoreboard was kind enough to tell me I was on the right track. What it never does is send a note when you have started hiding. You can be posting, closing, travelling, and saying true things on the internet while becoming a slightly smaller man than you were two years ago. Nobody around you is going to flag it. They are responding to the results, and results only show what you already pulled off, not what the last year has been doing to you.

The men in these conversations are not stuck at the starting line. They have the income, the title, the reputation. Under it, a low-grade sense that they have been repeating themselves. The advice they grew up on does not touch that. Wake up earlier. Want it more. Outwork the room. I gave a version of that advice for years, and some of it was fair when someone had not started. It is useless once the room already knows your name. Past a certain point, more effort just maintains the life you have already outgrown.

It looks like leadership

When they are honest, it is ordinary. They are carrying the whole thing alone, not because nobody would help, but because letting someone close enough to challenge them would mean admitting a few decisions have gone soft. So they stay the smartest person in their own week. That feels like leadership. It functions like a closed loop. I did a long stretch of this. If someone disagreed with me I could usually out-talk them, and I mistook that for being right. The business did not collapse, which is what makes it hard to catch. Things can be working while you remain basically unaccountable. A lot of the signs people read as failure are the early version of this.

Home gets what is left

Work got the sharp hours. My wife got the man who had already spent the best of himself on a laptop. You can narrate that as provision for a long time. Tell yourself you are building something for them. Some days that is even true. It still does not change what they receive, which is a tired person who needs the room to be quiet. It holds until you have a kid who does not care what you shipped, or until you lose someone and realise the hours were never coming back. After Harper I stopped being able to treat time like something I could earn more of. Fatherhood finished whatever argument I had left. My son does not experience my ambition. He experiences whether I was in the room. He cannot tell the difference between a father who is building a legacy and a father who is on his phone. Neither can yours.

Reasonable is how it gets boring

Then there is the comfort, which everyone dresses up as wisdom. You postpone the move. You keep the offer that is fine. You say you are being strategic when you are mostly avoiding the feeling of being a beginner again. The edge does not vanish in a week. It goes over a year of reasonable decisions, and reasonable is how a lot of good lives get boring. I have watched men research a change for a year and a half. A new model, a new city, a new standard at home. The research becomes the thing they do instead of the change. It feels responsible. It has notes.

I used to have a clean system for this. It looked good in a carousel. What actually changed things was smaller and more annoying, and it only worked when I got specific.

Write the sentence you would not post

Not “I need better balance.” That is a sentence you can hide in. One line, the way you would say it if nobody was going to screenshot it. I am building in public and going missing at home. I have known this offer is done and I keep running it because the cash is easy. I have not let anyone challenge me since the last person who did, and I pushed them out. Put it where you will see it. The point is to stop negotiating with a foggy version of the problem. You cannot fix a foggy version. You will just buy another course about it.

Look at that sentence when you are not already fried. I wasted years making big calls late, after a full day of other people’s needs, then wondering why I always chose the option that protected the current setup. You are not wise when you are depleted. You are conservative. Pick a pocket of time this week when you still have a brain, phone in another room, and ask what you are protecting by leaving it as it is, and what it costs the people who do not get a vote in your calendar. If you catch yourself performing the answer, like you are drafting a caption, delete it and start again.

Take back one hour that has a name

Not a new morning routine. Men at this stage love a routine, because a routine feels like progress and does not threaten the life. Pick a repeatable hour that is already losing and give it a job. Dinner with the phone in a drawer. A walk with your wife where you do not steer it back to the business. Time with your kid before the laptop opens. The tactic is the boundary, not the activity. Tell one person what the hour is. If you miss it, you tell them the same day, without a story. The story is how it dies. A client emergency three weeks in a row is the old life collecting its rent. Being the person who agrees is how that hour gets given away before you notice.

Have the conversation, then date the move

There is almost always a conversation you have been drafting. A spouse you have been managing instead of talking to. A partner you have been working around. A number you have not said out loud, because saying it makes the next move real. Do not workshop it into a speech. Two sentences of what you have been avoiding, then stop talking long enough for them to answer. The men who stay stuck are usually eloquent about the problem and silent in the room where it could change. Eloquence is a delay tactic I have used plenty.

Then date the move that makes the current income nervous, and put it sooner than feels comfortable. One move. Kill the offer, raise the price, hire the person, have the hard no, book the conversation you have been waiting on the right week for. If it needs more than a couple of weeks of preparation, you are probably preparing past the point of usefulness. Let it be clumsy. The old identity will have a very reasonable case for why this stretch is not the one. It always does. It has been getting paid to keep things as they are.

You need one person who is not impressed

None of that works alone, which is inconvenient, since alone is the setup that got you here. You need one person who is not impressed by you. Not a mastermind. Not an audience. Not a coach you are performing progress for. Someone who can ask whether the phone actually stayed in the drawer, and who will not clap if the answer is no. Most of the men I know have plenty of people who benefit from them staying impressive. Employees, followers, friends who like the version that has it together. Almost nobody who is allowed to interrupt it. Ask someone specific if you can send them one sentence about whether you did the thing. If you do not send it, they chase you. That is the whole agreement. If you cannot think of a person, that is not a small detail. That is the closed loop, and finding the person is the first move.

I am not interested in telling you to burn the life down. A lot of what you built is worth keeping. The business can stay. The standard has to change, or you will spend the next ten years maintaining a life you already know you are done growing inside. What I care about is whether the man who benefits from it can still sit at the table with the people who paid for it. Your wife. Your kids. Whatever you say you believe when the content needs a spine. If those do not survive the win, the win was just a very well-paid way of leaving.

You already know which of these you have been talking yourself out of. Start with the sentence. The rest gets easier to see once you stop describing the problem in a way that lets you keep it.

In this video I speak about how you may be keeping yourself stuck in high achiever patterns and what you can do to change it:

 

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Success Advice

Icarus Syndrome: How to Catch Yourself When Success Comes Crashing Down

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Image Credit: Addicted2success

You know the story. A guy gets wings made of feathers and wax, dad tells him not to fly too close to the sun, guy ignores dad, wings melt, guy falls into the sea. Classic.

But here’s the thing about Icarus. He didn’t crash because he failed. He crashed because he was doing so well.

That’s the part we don’t talk about enough.

What Icarus Syndrome Actually Looks Like

Icarus Syndrome isn’t some official diagnosis you’ll find in a medical textbook. It’s more of a pattern. And once you spot it, you start seeing it everywhere.

Picture this: someone lands the promotion they’ve been chasing for years. Suddenly they’re saying yes to everything. More projects, more travel, more risk. The confidence that got them there starts to tip over into something else. Overreach, maybe. A bit of arrogance. That quiet voice that used to say “hang on, is this a good idea?” goes strangely silent.

And then it all comes tumbling down.

The tricky bit is that success and self-destruction can look almost identical from the outside. Both involve ambition. Both involve pushing hard. The difference is usually invisible until it’s too late.

Why Winning Can Set You Up to Lose

Ever noticed how a winning streak makes people a little reckless? There’s actually a reason for that.

When things go well, our brains get a hit of confidence that doesn’t always match reality. We start believing our own hype. The wins feel like proof that we can’t lose, which is exactly the moment we’re most likely to.

Turns out, success shrinks your awareness. You stop questioning yourself. You stop listening to feedback because, well, look at all this evidence that you’re right. The people who used to challenge your thinking? You might start tuning them out.

The other day someone told me they’d made their worst decisions not when they were struggling, but when everything was going great. That stuck with me. Because it makes a weird kind of sense.

Struggle keeps you humble. Success can make you forget.

The Warning Signs Worth Watching For

So how do you catch yourself before the wax starts dripping?

It usually starts small. You notice you’re brushing off advice you’d normally take seriously. You’re taking on more than you can realistically handle, but telling yourself you’ve got it. You feel a bit untouchable, like the normal rules don’t apply to you anymore.

Sleep goes out the window. You’re running on adrenaline and calling it drive.

And maybe the biggest one: you stop asking for help because asking for help feels like admitting you’re not as on top of things as everyone thinks.

This part’s a bit uncomfortable, but the very traits that fuel success, the ambition, the drive, the refusal to quit, are the same ones that can quietly steer you off a cliff. Same wings, different outcome.

Pulling Yourself Back From the Sun

Okay, so what do you actually do about it?

First, get honest about the story you’re telling yourself. Are you flying high because things are genuinely solid, or because you’ve stopped checking? There’s a difference, and only you can tell which one it is.

Keep people around who’ll tell you the truth. Not the yes-people who clap at everything, but the ones who’ll gently say “mate, are you sure about this?” Those people are worth their weight in gold, and they get rarer the more successful you become.

Slow down enough to notice how you’re actually feeling. Success can mask burnout for a surprisingly long time. You feel great right up until you don’t.

And look, sometimes catching yourself isn’t something you can do alone. If you’re feeling stretched thin, if the pressure of keeping it all up is starting to weigh on you, talking to someone helps more than people expect. Getting proper psychological support in Western Sydney or wherever you are isn’t a sign you’re falling apart. It’s usually a sign you’re paying attention.

Flying Smart Instead of Flying High

Here’s the thing Icarus never got told. The problem was never the flying. It was the ignoring.

His dad gave him a middle path. Not too high, not too low. He just got carried away.

You can enjoy your success without letting it make you stupid. You can keep climbing without pretending you’re invincible. The trick is staying awake to yourself, especially when everything looks like it’s going right.

Because that’s exactly when the sun feels closest.

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Success Advice

Quick and Meaningful Ways to Do Charity

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Image Credit: Addicted2success

Finding time to give back can feel overwhelming. Many people want to help others but think it takes a lot of time and planning. The truth is, simple, effective ways to support charity fit into busy lives. Whether you have a few minutes or a couple of hours, you can make a positive impact in your community. Helping others benefits those in need and gives you a sense of fulfilment and connection.

First, understand that charitable efforts can be quick and meaningful. You don’t need to organize a big event or donate a lot of money to make a difference. Small actions can make significant changes in others’ lives. Here are some ways to show generosity today.

Food Bank Donations

One of the simplest ways to help is by donating to a food bank. A food bank donation helps people facing food insecurity by redistributing surplus food and providing healthy meals. When you donate, you nourish someone’s day and ease their burden.

Local food banks often rely on donations from individuals and businesses. You can donate non-perishable items or fresh produce from your garden. If that’s not possible, consider making a monetary donation, which food banks can use to buy the needed food items. Every contribution counts and helps ensure families receive meals.

Volunteering your time at a local food bank is another great way to get involved. Many food donation organizations need help sorting donations, packing food boxes, or distributing meals. This hands-on work lets you see the positive impact of your efforts. You can also build friendships with staff and other volunteers as you work toward shared goals.

No-Cost Options

Charity doesn’t always have to cost money. You can donate your skills or time. If you’re good at graphic design or enjoy writing, your expertise can support local nonprofits’ outreach efforts. You might create promotional materials, manage social media, or offer training sessions.

Another no-cost option is to share charitable organizations on your social media. Inform friends and family about the causes you care about. Increased visibility can lead to more donations and volunteers. Sometimes, raising awareness matters as much as giving money.

Used Goods Donations

Decluttering your home is a great way to support charity. Look around. What items do you no longer use? Clothing, household goods, and toys can help someone in need. Local shelters, thrift stores, and nonprofits often welcome gently used items. By clearing out what you don’t need, you can provide useful items to those who can’t afford them.

You can enhance this experience by organizing a donation drive in your community. Involve friends and neighbours to gather more items together. This can become a fun community event that promotes giving.

Random Acts of Kindness

Doing random acts of kindness each day is an easy way to help others. Simple actions, like buying someone a coffee, leaving a nice note, or helping a neighbour carry groceries, can spread goodwill. These acts not only brighten someone’s day but also promote kindness in your community.

Try setting a goal to do a certain number of kind acts each week. This can become a good habit that changes how you interact with others. It doesn’t matter how big or small the act is. What matters is the intention behind it.

Skill-Based Volunteering

Using your professional skills to help a charity can foster personal growth while supporting those in need. Whether you are a teacher, marketer, lawyer, or accountant, your skills can greatly benefit nonprofits. Many nonprofits need help in areas where they can’t afford to hire professionals.

Some food donation organizations specifically seek volunteers with certain skills, so look for a nonprofit that matches your background. You can create change by using your expertise and meet others who share your interests.

Getting involved in charitable activities allows you to help create a better world. The good news is you don’t need much time or money to make a difference. Whether you volunteer at a local food bank, donate items, or do random acts of kindness, your efforts can lead to real change. These small actions can bring great fulfillment, improving not just the lives of those you help but your own, too.

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Why Recognizing Progress Can Lead to Better Habits and Performance

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Image Credit: Addicted2success

Most people can remember a moment when someone pointed out that they were getting better at something. It might have been a teacher who mentioned that an essay read more clearly than the last one, or a manager who noticed that a task was finished sooner than usual. The comment may have lasted only a few seconds, but it changed how the person felt about the work in front of them. That small shift in feeling is often what separates someone who keeps going from someone who quietly gives up.

Progress is easy to overlook. Improvement usually arrives in pieces that are too small to feel impressive on their own, and the person making the effort is rarely the one who sees it first. When nobody names those pieces out loud, the effort starts to feel pointless. When somebody does name them, the effort starts to feel worth repeating. Understanding how that works, and learning to do it on purpose rather than by accident, is one of the most useful skills anyone in a teaching or leading role can develop.

How Noticing Good Behavior Changes What Happens Next

People repeat what works for them, and very little works better than being noticed by someone whose opinion matters. Many teachers and managers, though, were never taught how to use positive reinforcement in a steady, deliberate way, so their encouragement arrives at random moments and slowly loses its meaning. Practical, well-structured methods for recognizing and encouraging good behavior solve that problem by giving praise a shape and a purpose instead of leaving it to chance. Anyone looking for a clear starting point can review this article on positive reinforcement techniques by Youngstown State University. Studying this kind of material online also makes it easier for working teachers and professionals to build new skills around a full schedule, without stepping away from the classrooms and teams that they already serve.

Why Setbacks Are Easier to See Than Improvement

Problems announce themselves. A missed deadline, a failed test, a disrupted lesson, or an argument in a meeting all demand attention immediately, because something has to be done about them. Improvement makes no noise at all. A student who reads a little more fluently this week than last week does not interrupt anyone, and a colleague who has stopped arriving late does not create a situation that anybody needs to handle.

The result is that attention flows toward what is going wrong. Over time, people learn that the quickest way to be noticed is to struggle, and that doing well simply means being left alone. That is a discouraging lesson, and it is taught without anyone meaning to teach it. Deliberately looking for improvement corrects the balance.

The Link Between Small Wins and Lasting Habits

A habit is built from repetition, and repetition depends on how the last attempt felt. When an attempt ends with a sense of having moved forward, the next one starts more easily. When it ends with nothing at all, the next one takes more willpower, and willpower runs out. This is why recognizing progress is not simply a kindness. It is one of the practical mechanics of habit formation.

Small wins also make a long goal feel possible. Someone who wants to improve their writing, their fitness, or their grades is looking at a destination that is months away. If the only measure of success is arrival, then every day before that is a day of failure. If the measure is movement, then almost every day can end in something worth acknowledging.

What Makes Encouragement Actually Land

Not all encouragement has the same effect. A vague comment like “good work” is pleasant to hear and forgotten within minutes, because it does not tell the person anything they can use again. Naming the specific thing that improved gives the comment weight. Saying that someone explained their reasoning clearly, or handled a difficult question patiently, tells them exactly which behavior to repeat.

Timing matters as well. Recognition that arrives while the effort is still fresh connects clearly to the action that earned it. Recognition that arrives weeks later feels like a formality. Honesty matters most of all.

Recognizing Progress in a Learning Environment

Classrooms show all of this very clearly, because students are constantly forming opinions about what they are capable of. A student who believes they are bad at a subject will read every difficulty as proof, and a student who has been shown evidence of their own improvement has something to weigh against that belief. Pointing to a specific piece of earlier work and comparing it with a recent one is often more persuasive than any amount of general encouragement.

This also affects how a class behaves as a group. When students see that steady effort and cooperation are noticed, those become the normal ways to act. When the only things that draw comment are disruptions and mistakes, the classroom slowly organizes itself around those instead.

Recognizing Progress at Work and at Home

The same pattern holds well beyond school. In workplaces, people frequently leave roles they are good at because nobody ever indicated that the work was valued. A manager who regularly names the specific things a team member has done well builds trust that survives harder conversations later, because criticism from someone who also notices success is easier to accept.

At home, the effect is much the same. Children, partners, and family members respond to being seen accurately. Mentioning that someone has been more patient recently, or that a difficult task was handled calmly, does more for the relationship than a general compliment ever could.

Building the Habit of Looking for Improvement

Like any habit, this one needs a structure until it becomes automatic. Setting aside a few minutes at the end of a day or a week to think about who has improved, and in what specific way, is usually enough to begin. Writing it down helps, because memory tends to favor the problems. The next step is simply to say it to the person involved, in plain words, as soon as there is a reasonable moment.

None of this requires a new system or a great deal of time. It requires paying attention to the right things and then being willing to mention what was seen. People who feel that their progress is visible tend to keep making progress, and that is true in classrooms, in workplaces, and in ordinary life.

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