Last month, I was driving with my 14-year-old son and saw a billboard for the latest Powerball jackpot. That led to a discussion about luck. What makes one lucky? Is luck earned from consistent work or just randomly being in the right place at the right time? He asked me these questions.
I was pleased with his ability to explain luck and give me examples. The lottery jackpot was his first reference to being randomly chosen to win something. There is nothing you can do about random luck. It happens, or it doesn't.
We spent most of our time talking about the long process of luck -- a combination of Type 2, 3, and 4 from the chart below. In a broader sense, luck encompasses being prepared to recognize and seize opportunities.
While chance plays a role, luck is often intertwined with hard work, preparation, persistence, creating opportunities, mindset, and a long-term perspective. My son was able to explain that those who understand this are better positioned to make the most of lucky breaks when they come along.
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