Our Minds Are Bad At Compounding Stuff - Deepstash

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Our Minds Are Bad At Compounding Stuff

If we practice something (learning a new language for example) for just 30 minutes a day, we normally do not realize or understand that by practising daily for 365 days, we are better in that activity 3778 per cent or about 38 times.

If we are practising the same skill every other day, we do it for 180 days, that is half the effort and improve by 611 per cent or about 6 times. Missing out on just one day of practice has vast compounding effects by the end of the year.

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MORE IDEAS FROM THE SAME ARTICLE

Decisions are a cost-benefit analysis of risking something small for the opportunity to gain something big.

Our perceptions and emotions get skewed when we are in the presence of extreme beauty, power and wealth.

... and boils down to what we give up to attain something. Our mindsets are inclined towards pleasure and resistive towards pain. We normally like to think in terms of gaining, success, and acceptance.

Humans are not good at impartially evaluating the risks and rewards of any decision.

  1. Write down your thoughts. This helps in being objective and map out your decisions. This also brings clarity to the mind.
  2. Override your anxiety by doing what is required, even though it may be inconvenient or unpleasant.
    3. Understand w...

Trade-offs are not something as simple as flipping a coin. Our values guide us towards what we want in life, and it is not the same for all. Example: Buying a house has a trade-off of mortgage for the next ten or more years. This is subjective and depends on what we value in life.

Running away from decisions and being indecisive is also a decision. Action becomes your friend here, and it is good to get out of the comfort zone and take risks, instead of being in a mental paralysis.

It is a quirk which makes us value the present opportunity more than a future opportunity. This is known as ‘Present Bias’ in psychology.

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