And How You Can Use It to Your Advantage
Often we look at successful people, and we think to ourselves, “Wow! Things are going well for them. How could an average person like me ever land such luck?”
The truth is: they had an unfair advantage.
In this article, I will show you how everyone has an unfair advantage to success and how you can leverage yours to achieve the same.
What is an Unfair Advantage?
An unfair advantage has two components.
Firstly, it has to be unique to you or a subset of a niche. It could come in the form of:
- A fan base or an established audience
- Good looks
Secondly, the unfair advantage has to give you a competitive edge that can pivot you to success more quickly than those who employ other tactics.
Of course, having an unfair advantage is not the only factor needed to succeed. Luck and hard work unquestionably come to play. Otherwise, only the fortunately gifted individuals in one way or another would be successful.
Of course, having an unfair advantage is not the only factor needed to succeed
Having an unfair advantage makes the process easier and brings with it more certainty than hard work and luck, respectively.
People who have an unfair advantage in someway have had it easy on many occasions. Take Evan Spiegel, the co-founder of Snapchat, as an example. At a ripe age of 29, he has a net worth of $3.5B (April 2020). He became a billionaire at 25, an age most people dream of climbing out of their crippling student debts and settle down to start a life.
However, Spiegel had two unfair advantages: wealth and connections. Raised by wealthy lawyers who were well connected gave him access to funding and mentors, which most people lack.
It is not to say his idea was not revolutionary. It is quite the contrary. But his circumstances are a clear indication of how these factors helped his company succeed.
What is the Most Unfair Advantage One Can Have?
Does this mean that everyone is inherently disadvantaged from the get-go and is destined not to succeed?
One thing to realize is that success is subjective, and everyone’s view of it is different. The way that not everyone wants money is the same way that not everyone desires fame.
Once you find what your meaning of success is, then and only then can you understand what the most unfair advantage one can have against you.
Let us say, for example, your perception of success is becoming a millionaire before 30, and maintaining financial freedom till death do you bad.
The most unfair advantage someone can have in that respect is a person who finds and leverages his unfair advantage before you. Sound meta, right?
Let me explain.
According to The Unfair Advantage: How You Already Have What It Takes to Succeed by Ash Ali and Hasan Kubba, everyone has a not so apparent unfair advantage up their sleeves that is sufficient for them to succeed.
As a mid-article reflection, think of all the rags to riches stories you have heard in your lifetime. Take one of my favorite YouTubers as a case study — Graham Stephan. His parents were reasonably average, both of them filed for bankruptcy almost at the same time, and he is a college dropout.
Contrary to that, he discovered that he is a natural financial minimalist who inclined real-estate. While his peers were in school getting their degrees, he was selling real estate and saving up the money. His experience and the knowledge accrued of the stock market allowed him to buy houses during the real estate housing bubble.
Where did he get the money? From the money saved up as a real estate agent.
Where did he get the knowledge? His experience as a real estate investor.
That was his unfair advantage. He did not grow up wealthy, nor did he go to college. Statistically, that was the recipe for tipping him against the odds of the financial system.
The realization that the most significant unfair advantage someone can have is finding and leveraging his subtle and hidden benefits was an eye-opener for me, and I hope it was for you too.
Many wealthy and successful people, including Robert Kiyosaki, have uttered how broken the financial system is as it does not teach about proper finance strategies nor ways on how to attain financial freedom.
Thank you for reading the article, and I hope it helped you gain something in your life.