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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.
3.11K
9.87K reads
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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.
2.69K
5.83K reads
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 fo...
1.67K
4.66K reads
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.”
1.31K
3.64K reads
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 ha...
1.97K
4.73K reads
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.
1.41K
5.63K reads
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Mindsets
Some people tend to see their abilities as fixed, that you either have a talent for something or you don't. Others have a growth mindset where they believe that abilities can change over time.
These mindsets determine how we face challenges: We either give up when ...
Mindsets in relationships
People with a fixed mindset usually say the ideal partner would:
- Put them on a pedestal.
- Make them feel perfect.
- Worship them.
People with the growth mindset hope their ideal partner is someone who would:
- See thei...
Wealth Inequality
If you just want to have a comfortable life, it is increasingly out of reach. If you earn the minimum wage of $7.25 an hour, you can't afford a two-bedroom apartment anywhere in the US. In 1963, wealthy families had $6 for every $1 of families in the middle. By 2016, it was $12 t...
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