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10/10/10 Rule
Before making a decision, considers how you’ll feel about this decision in 10 minutes, 10 months, and 10 years.
It’s easy to make short-term decisions that may be beneficial 10 minutes or 10 months from now, but these types of decisions usually don’t benefit us in the long-term. What’s harder is to make decisions that may not appear attractive or impactful in the short-term, but over time can have a positive impact in your life.
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Parkinson’s Law
Work expands so as to fill the time available for its completion. So try placing artificial time limitations.
If we’re given three hours to complete a task that normally would take an hour, we’ll find a way to fill those three hours. However, when we’re down to the final thirty minut...
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Pareto’s Law
In anything we do, there’s always ~20% of activities that will deliver 80% of our desired results.
It’s easy to be wrapped up in ‘busy’ work without ever getting anything done. Pareto’s Law is a useful mental model to be more effective, rather than just be efficient.
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Externalities
An externality affects someone without them agreeing to it. It can be positive or negative. Most externalities are small but can make a significant impact over time. Understanding the types of externalities and the consequences they have can help us improve our decision making.
One famil...
Slow learning and the power of mistakes
- Fast and easy is a no-go when it comes to learning. Painful and uncompetitive as it may sound, slow and difficult is the proper approach to learning.
- We want knowledge that is durable (it sticks) and flexible (it can be applied broadly).
Choose growth over happiness
Major personal decisions should be made not by asking if it will make you happy, but if this choice will enlarge or diminish you.
We are not good at predicting what will make us happy - it makes us concentrate on our narrow preferences for security and control. Focusing on enlarge...
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