Learn more about personaldevelopment with this collection
How to make rational decisions
The role of biases in decision-making
The impact of social norms on decision-making
Anti-goals
Anti-goals represent a palpable set of values and actions that we don’t want to have and do. For example:
- Not wanting to be buried in debt or living above my means
- Not wanting to be stuck in the office until midnight
- Not wanting to be unfit or over a certain weight by 50.
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“A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.”
CHARLIE MUNGER
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The anti-goal pitfalls
- They shouldn’t remain stagnant.
- Don’t let your anti-goals to make you complacent.
- Don’t let your anti-goals consume you. They should work with your goals to help keep you accountable and propel you forward.
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Developing and maintaining anti-goals
Sometimes it's easier to think about what we want to avoid than to consider what we want and that is why some anti-Goals will come quickly to the top of your mind e.g. “I don’t want to be living paycheck to paycheck”.
Just like goals, anti-goals need to be maintained and revisited as we gr...
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Anti-goals and anticipating the worst
- Anti-goals stem from the concept of inversion or ‘premeditatio malorum’ used by the stoics.
- Premeditatio malorum was used to envision worst case scenarios: anticipating situations of complete failure helps us to prepare mentally and also to see wha...
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Focusing Too Much On Your Goals
Obsessing over a certain goal means you're operating from a constant state of failure: you're failing to meet your own expectations. This can make you feel frustrated and miserable because you're not reaching the stage you desire to be at.
Having goals is essential, or...
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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