Learn more about moneyandinvestments with this collection
How to use storytelling to influence and persuade
How to create a compelling narrative
How to structure your story for maximum impact
Make old Moves
You can't achieve anything if you lock yourself up in your home. To live life to the fullest, you need to make bold moves. And this doesn't necessarily imply risk-taking.
Try to limit your potential losses. Protect the downside.
260
595 reads
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Investing Decisions
Invest in something that has an underlying value.
Limit your potential losses by diversifying. For instance, invest in an index fund, real estate, and business.
202
745 reads
Richard Branson
“It is only by being bold that you get anywhere. If you are a risk-taker, then the art is to protect the downside.”
229
731 reads
Business Decisions
If you're in business, consider serving more than one group of customers, or focus on more than one industry.
When sales don't perform well in one area, you always have another option.
244
1.51K reads
We Are Put Off By Fear
We always think about the risks involved in making a big chance in life. We consider the risks and then decide not to do it. But, the risks shouldn't scare us into inaction.
328
997 reads
Career Decisions
Your most valuable resource is time. Yet, most spend their time working on other people's goals.
Use your time wisely by daily improving your skills, learning new things and building relationships. Then you will always have something to fall back on.
399
1.17K reads
Avoid Taking A Big Hit
The purpose of protecting the downside is to prevent losing everything. You shouldn't put all your life energy into a single thing. This is true for your personal life too.
257
609 reads
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Make Fewer Decisions
Research has found that when people are given more options, they have more opportunities for regret and worry.
To protect your happiness, limit the amount of time you give yourself to choose, or pick between fewer options.
Don't allow yourself to second guess the decision once...
Optimal choices
Ask yourself, knowing what you know now, is there anything you are doing today that you wouldn't do again if you were able to?
Be willing to stop doing what no longer works. Sometimes it is best to cut your losses and try something else. Be prepared to take risks and understand th...
Get rid of your Smartphone
Many things you are using your smartphone for are time fillers. You can read emails at home or at work. You need to plan for banking and google maps, most things you can live without.
Go back to basics and buy yourself a simple phone. Try it for one month and see how you go.
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