Where Luck Comes From

Key Takeaways

  • Luck may be defined as when chance meets opportunity.
  • While we may consider some people lucky, it’s likely they’ve put some effort into creating opportunities for themselves.
  • There are some ways that you too can help create your own “luck” in life.

According to Paul Harvey, luck is when chance meets opportunity. Perhaps you’ve heard this before, but if you’ve never given it any thought, there are a few different ways to think about it.

First, there’s preparedness. If you’re constantly preparing to achieve your goals, when an opportunity arises – say the right resource appears, the timing on something is right, or you have access to a needed skillset – then you’re able to take advantage of it. But it you’re not prepared, you can’t (and won’t) take advantage of it.

Second, there’s being open to anything that happens. The Strategic Coach® Program calls this “strategic by-products.” You’re constantly keeping your eyes open, so you’re aware when you see something that’s worth investigating. You have to be willing to consider new things, wherever they may come from.

Third, you take advice. There are many experts in the world; listen to what they have to say. And before you try your way, try theirs. This can make a big difference in helping you achieve what it is you want.

Fourth, be open, or open up your schedule. The book The Road Less Stupid, by Keith Cunningham, explores this idea, with the author stating that opening your schedule gives you time to breathe. By having this time, you are able to think and look at things from different perspectives. The book Deep Work by Cal Newport also addresses this idea of thinking deeply about something, allowing great things to happen and for luck to come about.

So when it comes to chance and opportunity, those are things that can be viewed and defined in many different ways. These are just four ways of doing so – there are many more out there, meaning there are many ways for you to create your own luck. Until next time, enjoy.



Gary Klaben is in our Glenview, IL office and serves our clients who are now located all over the country. He has over 30 years of experience and is the author of Changing the Conversation, Wealth of Everything and co-author of The Business BattlefieldWhether advising his clients, mentoring his team, or coaching entrepreneurs, he is always simplifying complexity and motivating others to take the next action that’s right for them.

Learn more about The Coyle Process, approach designed to get your arms around the big picture, so you can make informed financial decisions. Ask Gary about The Coyle Process and schedule a complimentary consultation and start living the Good Life Managed Well™.
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All information is from sources deemed reliable, but no warranty is made to its accuracy or completeness.   This material is being provided for informational or educational purposes only, and does not take into account the investment objectives or financial situation of any client or prospective client.  The information is not intended as investment advice, and is not a recommendation to buy, sell, or invest in any particular investment or market segment.  Those seeking information regarding their particular investment needs should contact a financial professional.  Coyle, our employees, or our clients, may or may not be invested in any individual securities or market segments discussed in this material.  The opinions expressed were current as of the date of posting, but are subject to change without notice due to market, political, or economic conditions.

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