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The interview took me by surprise. A friend had sent me a recording of Mind Valley’s CEO, Vishen Lakhiani in conversation with Patrick Grove at A-Fest Bali about how Grove uses journaling to achieve financial success. I watched the entire, thing – transfixed.
Journaling works. Studies have shown that writing down goals makes you more likely to achieve them. And expressive writing, where you write down thoughts and feelings, can even temporarily boost the immune system – bringing health and happiness. As the author of the recently published Heart, Sass & Soul: Journal Your Way to Inspiration and Happiness, it wasn’t Grove’s journaling tools and methods that surprised me, it was his boldness.
As co-founder and Group CEO of Catcha Group, Grove is recognised as one of the leading entrepreneurs in the Asia Pacific region. Over the last nineteen years, he founded and took five companies from start-up to IPO, recently selling iProperty Group for more than $500 million.
Grove shared how one day, he went to Starbucks and wrote the following question in his journal: “How can I make $100 million in 12 months?” For him, this bold statement kickstarted a problem-solving process. Grove spent several sessions writing down solutions and ideas to this question, enabling him to achieve this goal. In fact, as of 3/12/19, he has a net worth of $400 million.
“My mindset comes from the drive to not only do things differently, but also to do them bigger than anyone has ever done before. I’m sure many people have grand ambition, but as the saying goes, a goal without a plan is just a dream – so I always make sure I back my overly ambitious goals with some serious planning,” he says.
I interviewed Patrick Grove to find out more about how he journals his way to millions.
What prompted you to start journaling 10 years ago?
Patrick Grove: Catcha Group was growing at record speed. Between running a very successful market-leading publishing company and iProperty, I found myself overworked and overwhelmed by the speed that we were going. I felt that I needed mental clarity in order for me to achieve some balance, so I decided to give journaling a try.
Did you feel any blocks or doubts about writing and journaling when you started?
Grove: When I first started journaling, it was therapeutic for me. I never knew I had so much to pen down. I have to admit though that in the beginning a lot of the things I wrote were complaints about my life. Nowadays, I know that complaining doesn’t do any good, so I made a mindset switch and focused on my goals instead. Now I use the 6Fs [which is where Grove journals about finance, family, friends, fitness, fun and being a figurehead].
Aside from the 6Fs, do you follow any books or guidelines?
Grove: One of the books that has significantly impacted the way I live my life is Unlimited Power by Tony Robbins. From this book, I learned the best ways to model people who are the best at what I want to do. From there, I started to observe and read about the behaviors of people like Warren Buffet and Richard Branson and when I was journaling, I’d write down their traits. The could be anything from how they traded their stocks, to the way they spoke, and I’d see how I could imitate their ways to achieve what they did.
How integral has journaling been to your success?
Grove: I can tell you for certain that I’d still be doing what I do today, which is to start, build and invest in internet companies. But I don’t know if I would have been this successful at it without journaling. Many of my ideas, that have been proven to work, have come out of journaling.As for being a millionaire, journaling certainly has helped me chart my path to where I am today, but my drive really comes from my competitive nature to achieve goals, not necessarily being a millionaire in itself.
How often do you journal now?
Grove: Over the last 10 years, I’ve been writing an average of about 90 pages a year and now I journal once a week to help me reflect on the past week and plan for the next.
What advice would you give to people who want to journal?
Grove: The key is to start. It doesn’t matter what processes you follow. It doesn’t matter if you do it on a notebook, a laptop or even your phone, or if you do it every day, or once a week. You just need to start and commit to it in order to see results.
This conversation has been edited and condensed for clarity.
May 15, 2019 at 09:12AM
Forbes – Entrepreneurs