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Episode 849 · Sep 15, 2023

Why Confidence Is Overrated: What Actually Drives Success

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George Wright III has built educational companies across the globe, negotiated deals with some of the biggest names in business, and walked into rooms that would intimidate most people. And he is here to tell you that confidence is overrated.

That might sound surprising coming from someone widely recognized as one of the most confident voices in personal development. But in this episode of The Daily Mastermind, George draws a critical distinction that most success coaches never make: the difference between real confidence and the belief in yourself that actually moves you forward.

The Difference Between Confidence and Belief

Real, stable confidence only grows after experience. It builds through your actions, your wins, and yes, your losses. The problem is that most advice tells you to "act confident" before you have any grounds to feel it. George's honest take: what most people are relying on is not genuine confidence at all.

Belief in yourself and your ability to figure it out.

That is what carried George into rooms with private equity groups when he did not have a Harvard education or perfectly polished financials. He did not have real confidence in those moments. He had belief that he would figure it out. And that belief was enough to take action. The confidence came later, after he got through it.

Why "Fake It Till You Make It" Misses the Point

The "fake it till you make it" approach is not wrong, but it is incomplete. Acting confident can open doors and attract people. George credits it with helping him land deals with Trump, Robbins, and Kiyosaki and build a nutrition company and apparel company. But if you depend on confidence as a prerequisite for action, you will wait forever. You cannot have genuine confidence in something you have never done. You are always operating outside your comfort zone when you are growing.

The real engine is this: belief in yourself leads to action, and those actions produce results and experiences that validate and grow your confidence over time. Confidence is the output, not the input.

Three Ways to Build Belief Before You Have Confidence

George lays out three practical tools to increase what he calls "artificial confidence" - the belief that gets you moving when you have no track record yet.

1. Prepare and learn ahead of time. If public speaking scares you, practice. If you feel out of your depth in a room of experts, study the skill. Preparation raises your belief in a very tangible, controllable way.

2. Focus on your ability to adapt and overcome. Look back at your life. Every time something was new, you figured it out. Every time you thought you would not make it through, you did. That pattern is your evidence. Lean on it.

3. Decide that your self-worth is not the issue. Many people confuse a lack of confidence with a lack of self-worth. Doubt can be reduced through preparation and action, but self-worth requires a decision. You have intrinsic value regardless of haters, critics, or people who do not believe in you. That is not something you earn. It is something you claim.

What to Do When Your Confidence Drops

Everyone goes through stretches where the losses pile up and the wins feel distant. George's three-step response:

First, go back to your daily rituals. Consistency in your habits creates a sense of accomplishment and keeps you grounded. Second, take more action, not less. Most people pull back when confidence drops. That is the wrong move. More action means more lessons, more reps, and more ground for confidence to grow. Third, remind yourself of your wins.

Your confidence will go up when you can look at a list and go, yeah, I did that. I did that. I did that. I did that. I did that.

George credits Alex Hormozi with this framing: the best kind of confidence comes from looking at a resume of stacked wins. Your wins do not have to be business milestones. Relationships, health, showing up consistently - all of it counts. If you think you have no wins, George says you are not looking hard enough, and you are probably also not being grateful enough for what you already have.

Self-Worth Is the Foundation

Of the three pillars - preparation, the ability to adapt, and self-worth - the last one is the most foundational. You can prepare all you want, but if you do not believe you have inherent value, doubt will keep finding a way back in. Self-worth is a decision, not an achievement. Make it once. Revisit it whenever the noise from outside gets loud.

You have innate abilities inside you that will help you to become a better version of yourself. And that is all you need for self worth is to believe and make the decision you have intrinsic value.

When that foundation is in place, and you combine it with preparation and a track record of figuring things out, you will have enough confidence to step into action. The rest builds from there.

Action Steps

  • Stop waiting for confidence before you act. Recognize that belief in yourself is the real starting point, and that confidence follows action, not the other way around.
  • Identify three times in your past when something felt impossible and you figured it out anyway. Write them down. Return to this list when doubt creeps in.
  • Pick one area where you are holding back due to fear or self-doubt. Increase your preparation in that area this week.
  • Decide explicitly that you have intrinsic value. Write it down, say it out loud, and treat it as settled, not something you are still earning.
  • Start a running list of wins - big and small - and add to it regularly. Stack the wins intentionally.

Confidence is not something you wait to feel. It is something you build by moving. Take action, take responsibility, and trust that the confidence will come. As George Wright III always says, it is never too late to start living the life you were meant to live.

READ THE FULL TRANSCRIPT

All right, guys, we're going to get right into it today. I hope you're having an amazing week so far and you're looking forward to continuing to follow your purpose and mission over the weekend here. But I want to talk to you about something I was thinking about this morning, and that is the idea that confidence is overrated. Let me just tell you that one more time. Confidence is overrated. Now, I know what you're thinking. This can't be coming from George Wright because you're one of the most confident guys out there. And that would be true. I am pretty confident. But here's the bottom line. How many of you believe that your confidence is the real key to growing your business and becoming more successful? What if I told you that it wasn't the most important thing? See, you know, growing up in life and business, you know, I always, I always prioritized confidence. I knew that if I just acted as if, right, you've heard that before, act as if, act confident. In fact, I would, I would have people tell me all the time, it's, you're so cocky. And I'd say, no, it's not cocky. It's confidence. So I even really promoted confidence. And the bottom line is, because of that, I was able to really just steamroll through success and make things happen. I would come into rooms where I was doing business completely scared to death, not knowing what I was doing, but I would just act confident and I would have success. It's one of the reasons why I got the deals with Trump and Robbins and Kiyosaki. And it's why I did events all over the world. It's why I grew a nutrition company, apparel company. It's because of the confidence, not only to create success, but have people attracted to you. People get attracted to confidence. But most times it was really just a false sense of confidence. Most times it was the fake it till you make it syndrome. And what I really had was I just had belief in myself that I was going to figure it out. And as I grew older, I started to recognize the difference between confidence, self-doubt or self-worth. And confidence, I realized, really only truly grows. Your real stable, solid confidence only grows through your experience. It only grows through your actions. And but how can you have confidence in something when you constantly operating outside your comfort zone if you haven experienced it and you haven done it You don know whether you can do it You can truly have real confidence that you can do it because at the end of the day you operating outside your comfort zone You operating in areas that you can't be confident in. Are we talking about real confidence or are we talking about a fake false sense of confidence? So you're going into situations and you only have what I've really realized is just belief in yourself and your ability to figure it out. Belief in yourself and your ability to figure it out. Then when you get through that situation, whether it's a win or a loss, a success or a failure, you're still gonna gain confidence because you're learning, you're growing, you're developing, you're adding your resistance to the fear because now you know you can make it through it and you won't actually die speaking on stage in front of 3,000 people. So that's when you gain real confidence is after you do things. So if you need confidence to do things, but you don't have it, what does that mean? It's this idea of this equation I always talk about. Your belief in yourself is what leads you to take action. And those actions or those results or those experiences, that will validate or grow or change your belief, which will affect and grow your confidence. Does that make sense? It's really the belief in yourself and your abilities that's going to get you success in business because that's all you're going to have to help you to take action. And then as you take action, your confidence will grow. Now, there are things you can do to artificially grow your confidence or your belief in yourself. I hope you're understanding the distinction here, your belief in yourself up front. And let me give you a couple of those. Number one is prepare and learn ahead of time. If you're scared of speaking on stage, practice. If you don't feel comfortable in a room of experts, learn the skill. When you prepare and learn, your artificial confidence is going to increase. Another thing you can do is, and listen to me when I say this, focus on your ability to adapt and overcome. Everything in your life you couldn't think you were going to do or you weren't going to make it through, you made it through. Everything in your life that was new to you, you figured out. Just have faith and belief that you'll figure it out. And that will help increase that artificial confidence. And the last thing is decide that your self is not the issue See many of you feel like you lack confidence and you really just lacking self or self is creeping in Doubt can be eliminated when you start to prepare and learn and you focus on your ability to overcome. But self-worth, you need to make a decision and you need to decide that you have intrinsic value regardless of any outside influence, regardless of the haters or the trolls that are on your social media, regardless of the family or the friends that don't believe in you, it doesn't matter because you have worth. You have greatness. We all have greatness. You have innate abilities inside you that will help you to become a better version of yourself. And that is all you need for self-worth is to believe and make the decision you have intrinsic value. And when you have that combined with preparation and focusing on your ability to overcome and adapt, you're going to have that enough confidence to move into action, get through it, and increase your confidence. Those are the things. It's easy. Look, these things are easy when you have these burdens, when you realize and break down what it is you're trying to accomplish. Take the risks, take action, because over time, your action and your risks will pay dividends in your confidence. The confidence is going to come back and pay dividends for you. I can tell you from experience that this is why I've been able to grow educational companies all over the world with celebrities, authors, private equity groups. There were times I went into conversations with private equity groups that completely intimidated me. I didn't have a Harvard education. I didn't have all the P&Ls under control, but I learned that I was going to overcome regardless and that I had value and that I was going to figure it out. And that false sense of confidence, which later became real deep confidence, happened. And now no one intimidates me. There's nobody that intimidates me and no one should intimidate you. So what happens if your confidence drops. What are you going to do? If you right now feel like you haven't been winning, you've been getting a lot of L's, those are losses, and you just haven't been getting the wins, what do you do You immediately go back to your daily rituals because you got to create consistency in doing the things that help you feel act and be better and be a better version of yourself Plus you feel a sense of accomplishment Go back to your daily rituals The other thing you need to do is start taking more action not less Most people, when they start to fear and have self-doubt and lack of confidence, they pull back. You should be pushing forward because more things are going to happen. More lessons are going to be learned. Your confidence will start to grow again. Your confidence can't grow when you're pulling back. It can't grow when you're not taking action. and then finally remind yourself of your wins. I do it myself. Have a short list. Have a short list of the things you've done in your life you won. And it doesn't have to be just in business. You've won at your relationships, at your marriage, you graduated, you accomplished this goal, that goal, you showed up to the gym, you've been consistent, whatever it is, stack the wins. Alex Hermose, I love how he puts it, and that is confidence. the best kind of confidence is just looking at a resume of stacked wins your confidence will go up when you can look at a list and go yeah I did that I did that I did that I did that I did that and if you have not identified a ton of wins and you think you're one of those people that haven't had wins you're not looking hard enough you're probably also somebody that isn't grateful for the things you have in your life because when when you are grateful and you recognize the wins you can make a very long laundry list. The fact is you're sitting here today means you've won over and over in your life. So stack the wins and don't rely on confidence. Take action and responsibility that you're going to create your confidence and you will win. I promise you that. So that's my message for today. And keep in mind, like I always say, it's never too late to start living the life you're meant to live, but you've got to take responsibility and you've got to decide you create your life and do that. I want you to think about these things over the weekend before we come back on Monday. I've got some great stuff for you this next week. Also, ironically enough, I'll let you know, I do have a couple more openings in my CEO mentoring schedule. Like I said before, I only take on a few clients. You got to be vetted, but I will vet you personally if you send me an email to george at g3worldwide.com. And if not, it doesn't matter because we're masterminding every single day. I'm looking forward to talking with you more on Monday. I hope you'll reach out. I hope you'll share this show. And once again, my name is George Wright III, and this has been The Dealer Mastermind. Have a great day.

About the host
George Wright III, host of The Daily Mastermind

George Wright III

George Wright III is an entrepreneur, investor, and the host of The Daily Mastermind. Over more than two decades he has founded and scaled several multimillion-dollar companies and built a renowned seminar business that put some of the world's biggest names and brands on stage. With 25+ years across marketing, sales, and executive leadership, he's made a career of turning bold ideas into results — and momentum into lasting growth.

Today his mission is singular: empower driven entrepreneurs everywhere to master their mindset, unlock their potential, and live their ultimate destiny. Through The Daily Mastermind, George shares the Prosperity Principles and strategies that help people create massive change — in their business and in their life.

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