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Your Goals Are Overrated

2 mindsets of building wealth

2 mindsets of building wealth

  • Spending mindset: People who stay poor or middle class see money as something to be spent
  • Investing mindset: People who become rich see money as something to be invested.

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IDEA EXTRACTED FROM:

Your Goals Are Overrated

Your Goals Are Overrated

https://markmanson.net/goals

markmanson.net

6

Key Ideas

2 mindsets of building wealth

  • Spending mindset: People who stay poor or middle class see money as something to be spent
  • Investing mindset: People who become rich see money as something to be invested.

People rely too much on self-discipline

 ....and eschew forming useful habits. Instead, they set unrealistic drastic goals that and then become frustrated when they make little to no progress towards them. 

Goals sound much sexier in our head than habits

  • Goals: there’s a clear image of a certain result in our head and that gets us more excited in the moment;
  • Habits: are long-term and repetitive - they seem boring. And there’s no clear image one can imagine for “going to the gym every morning for a year”.

Goals mindset vs. Habits mindset

  • Goals are a one-time bargain. They are the spending mindset. 
  • Habits are an investing mindset. Habits require one to invest one’s efforts for a little while and then take the rewards of that effort and re-invest them in a greater effort to form even better habits.

Keystone habits

Some habits make other positive habits much easier to acquire as well. ad once adopted, will reverberate into other areas of your life. These are sometimes referred to as “keystone habits.” 

6 Fundamental Daily Habits

1. Exercise: benefits for mental and physical health.

2. Cooking: benefits in controlling what and when you eat.

3. Meditation: increased focus, improved self-awareness, better mental health.

4.Reading: benefits in interpersonal relationships.

5. Writing: writing well is one of the most important life skills in the 21st century.

6. Socializing: being alone can be just as bad for your physical health as obesity or heavy smoking.

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Force yourself to do things

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Focus on the emotional reward

Focus on the feeling you feel after doing something that you know is good for you.

  • The adrenaline rush.
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  • The relief you feel after having finished a big project.
  • The pride you gain from an accomplishment.
  • The confidence you feel after having faced your fear.

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Identity-based habits

The beliefs you have about yourself can drive your long-term behavior.

You could trick yourself into going to the gym or eating healthy once or twice, but if you don't shift your under...

3 layers of behavior change

  • A change in your outcomes
  • A change in your processes
  • A change in your identity.

Most people start by focusing on outcome-based goals like “I want to lose 20 pounds”. But these are surface-level changes.

The root of behavior change

... and building better habits is your identity.

Each action you perform is driven by the belief that it is possible. So if you change your identity (the type of person that you believe that you are), then it’s easier to change your actions.

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Connecting With Your Actions

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Learning to Say No

Learning to say No to certain unproductive or distracting actions is the best way to leave space for what's important in your life.

Obligatory behavior doesn't go well with what you want to do. Every aspect of your life will suffer if you take up too many things.

Focus 

Focus your attention 100% on the task at hand. Anything less is not ideal.

If you are getting distracted all the time, with email notifications, facebook updates, or a ringing telephone, you are essentially getting robbed of your attention.