Debunking the fear of quitting - Deepstash

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Debunking the fear of quitting

Debunking the fear of quitting

  1. Quitting is not permanent: It’s always possible to pick up your chosen career path with a different company at a later date.
  2. You will be able to pay the bills: You can get a new stream of income before you quit your job or eliminate most of your expenses temporarily and live off your savings for a short while.
  3. Health insurance and retirement funds won't cease if you quit: Do some research and transfer your 401(k) or similar to another company.
  4. Quitting won't ruin your resume: If you quit to do something interesting, this will often make you more attractive to employers in the long run.

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Fundamental rules for success

Fundamental rules for success

  1. Retirement is the worst-case-scenario insurance.
  2. Alternating between periods of rest and activity is essential.
  3. Focus on being productive instead of busy.
  4. The timing is never right. Waiting for ‘s...

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Forget about time management

Forget about time management

What you do is far more important than how you do it. Efficiency is important, but it’s redundant unless it’s being applied to the right things.

To be productive:

  • Identify the few critical tasks that contribute most to income (Pareto’s Law: 80...

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Replace presence-based work with performance-based freedom

  • Practice environment-free productivity. Attempt to work for two hours in a cafe before proposing a remote trial.
  • Quantify current productivity. Document your work efforts.
  • Demonstrate remote work productivity. Rack up some...

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Finding the Muse

Finding the Muse

Create an automated vehicle for generating cash without consuming time:

  1. Pick an affordable niche market. Identify your customers, then develop a product for them.
  2. Brainstorm products. The product should cost between $50 and $200, and shouldn...

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Dreamlining

It means applying timelines to what most would consider dreams:

  • The goals shift from ambiguous wants to defined steps.
  • The goals have to be unrealistic to be effective.
  • It focuses on activities that will fil...

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Tim Ferriss

"The New Rich are defined by a more elusive power than simple cash—unrestricted mobility."

TIM FERRISS

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The low-information diet

The low-information diet

Most information is time-consuming and unnecessary. You should be critical with what you look at, read, or watch daily.

The low-information diet:

  • Go on a one-week media fast immediately: no newspapers, magazines, news websites...

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Outsourcing life

  • Get a remote personal assistant to learn how to give orders.
  • Never automate something that can be eliminated, and never delegate something that can be automated or streamlined.
  • Refine rules and processes b...

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Questions for overcoming fear

  • What is your absolute worst-case scenario?
  • What could you do to repair the damage if this came to pass?
  • What are the temporary and permanent outcomes and benefits of more probable scenarios?
  • If you were fired today, how could you tak...

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The two fundamental components to enjoy life

  1. Continual Learning. Transport skills that you practice domestically to other countries, like sports. Instant social life and camaraderie. Or pick skills that you can practice there, like learning a language
  2. Service. Doing something that improves li...

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Mediocrity and happiness

Mediocrity and happiness

99% of the people in the world are convinced they are incapable of achieving great things so they aim for the mediocre. Competition is strong for realistic goals.

Excitement is the more practical synonym for happiness, and it's the thing what you should pu...

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Mini-retirements

It requires relocating to one place for one to six months before going home or moving to another locale.

  • Your level of luxury is limited only by your level of creativity.
  • Living abroad could save you money.
  • Before going away, you have an excellent...

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How to fix interruptions

  • Create systems that limit your availability and deflect inappropriate interruptions. For example, replacing a meeting with a brief email.
  • Batch activities to limit costs and to create more time.
  • Set autonomous rules

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The W’s you control

Money is multiplied in practical value depending on the number of W’s you control in your life:

  • What you do
  • When you do it
  • Where you do it
  • With whom you do it.

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Interruptions: The three main offenders

  1. Time wasters. Things that can be ignored with little or no consequence
  2. Time consumers. Repetitive tasks or requests that need to be completed but often interrupt high-level work
  3. Empowerment failures. When someone needs app...

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CURATED FROM

CURATED BY

jaszyy

"Time was God's first creation. " ~ Walter Lang

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How to Save Right for Retirement

How to Save Right for Retirement

  • Start Saving ASAP. Money you put in your retirement fund now will have more time to grow through compound growth.
  • Avoid cashing out your retirement account early as it prevents your money from being invested and leads to penalties and tax bills.
  • Contribute mo...

Allocating expenses

The most common buckets are:

  • Expenses, or your needs: housing, food, transportation, clothing, insurance, childcare,  etc.
  • Debt - monthly debt obligations: personal loan, student loan, auto loan, and credit card payments etc.
  • Savings, including fund...

Budgeting myths

  • Myth - I don't need to budget: A budget focus on identifying all the expenses that are likely to occur during the month, quarter, and year. A budget can identify costs that could be reduced or cut.
  • Myth - I'm not good at math: Budgeting software on...

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