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SIMILAR ARTICLES & IDEAS:
The process of stopping bad habits is fundamentally different from forming new ones.
The process of “progressive extremism” utilizes what we know about the psychology of identity to help stop behaviors we don’t want. It works particularly well in situations in which substituting one habit for another just won’t do.
Identity helps us make otherwise difficult choices by offloading willpower. Our choices become what we do because of who we are.
By classifying specific behaviors as things you will never do again, you put certain actions into the realm of “I don’t” versus “I can’t.”
Saying “I don’t” rather than “I can’t” provides greater “psychological empowerment.”
Most of us have heard stories of hardships and catastrophic events of the past, like the great depression, or the dot-com bust, but haven’t lived through it, and not experienced the real pain of th...
In the world of investing, having gone through a traumatic experience first-hand makes the difference between a cautious investor and a blind one. The scarred investor cannot think in the way the fresher, who hasn’t experienced the turmoil can.
Our unique experiences impact our vision in ways we cannot comprehend on the surface.
Different generations have different investment risk appetites, with the younger generation wanting to take bigger risks and going into uncharted waters without any experience.
The New Generation, who hasn’t experienced turmoil and loss, are good at getting rich. However, the older, scarred generation is good at staying rich due to their general pessimism and conservatism. There is a need to balance the two aspects while taking an investment decision. People with different experiences aren’t necessarily smarter than others but just have a different worldview.
“Success” isn’t just having lots of money.
Success is continuously improving who you are, how you live, how you serve, and how you relate.
Start the day with your #1 priority.
Getting up early isn’t enough. You need to put first things first. When you put your top priorities first, then you ensure they make it into the bucket of your day. After your main priorities have been completed, the rest will fill the gaps.