Spending money to show people how much money you have is the fastest way to have less money.

﻿Happiness is just results minus expectations.

You can build wealth without a high income, but have no chance of building wealth without a high savings rate.

Be nicer and less flashy. No one is impressed with your possessions as much as you are.

Saving is the gap between your ego and your income.

Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. Money—investing, personal finance, and business decisions—is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don’t make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life’s most important topics.

moneyandinvestments

Money & Investments

books

Books

Morgan Housel is a partner at The Collaborative Fund. He is a two-time winner of the Best in Business Award from the Society of American Business Editors and Writers, winner of the New York Times Sidney Award, and a two-time finalist for the Gerald Loeb Award for Distinguished Business and Financial Journalism. He lives in Seattle with his wife and two kids.

Morgan Housel

The Psychology of Money

China skipped the desktop Internet, credit cards etc ... and went straight to mobile apps. Which they monetise through subscription way more than ads like in the West. Chinese social media giants have perfected the art of monetisation, which a16z codified in a framework with 4 key elements: <ul><li>Mixture of paid and earned perks</li><li>An intricate point-based levelling system</li><li>Functional features & showing-off perks</li><li>Partnerships with other companies</li></ul>

The Chinese Alternative to Ads

Current membership models in the U.S (X or Snapchat) use the basic formula: <a href="https://emojipedia.org/handshake">🤝</a> pay dollars, get features in returnChinese models expand this with gamification. Paid memberships get you an initial baseline membership, but additional benefits are only unlocked with increased usage. This created engagement for paid users, which also increases. Ex: For $3.50/mo, Weibo VIP members can edit their posts, have fun stickers, access VIP emojis, etc (see chart below). Continued usage of Weibo unlocks more features such as pinning more than one post.

Paid membership as engagement drivers

Chinese companies use a levelling or points system to give users a sense of progress. This nuanced type of membership system creates a win-win between user and platform: users have fun while they earn and accumulate points to unlock more features, and platforms have a way to encourage new user behaviour. Levelling perks can also help push monthly subscribers to annual ones. For example: Weibo lets users jump to Level 3 by simply choosing an annual plan instead of a monthly one.

Levelling Up

The Chinese networks offer functional/utilitarian benefits along-side social flexing (i.e., social expressions that are visible to the rest of the community). Ways the Chinese apps encourage flexing:<ul><li>app skins and custom icons</li><li>add icons next to their username</li><li>have their comments show up in various colors</li></ul>

A balance of flexing with functionality

In China, many of the major social media companies do cross-partnerships with non-competitive companies to increase their customer base. It’s an online exchange that benefits both parties, and would be the equivalent of Twitter Blue offering its members a free Spotify membership as a perk.The closest equivalents (in the Western world) are offline museum reciprocity programs, where membership in one museum grants you free access to a select list of other museums around the country.

Partnerships with other companies

Very interesting how the Chinese mobile landscape is so different than the Western ones. They have more advanced monetisation & and fancier engagement options

business

Business

startup

Startups

product

Product & Design

How the Chinese Build Winning Paid Membership Apps

“A quitter never wins - and - a winner never quits.”

“Dreams are not born of indifference, laziness, or lack of ambition.”

“Men who succeed reach decisions promptly, and change them, if at all, very slowly. Men who fail, reach decisions, if at all, very slowly, and change them frequently, and quickly.”

“If you must be careless with your possessions, let it be in connection with material things.”

“Every adversity brings with it the seed of an equivalent advantage.”

“Both poverty and riches are the offspring of thought.”

“Verily, there is nothing, right or wrong, which belief, plus burning desire, cannot make real.”

“Indecision is the seedling of fear! Remember this, as you read. Indecision crystalizes into doubt, the two blend and become fear!”

“He knew that the mind could produce anything the mind could conceive and believe.”

“The way of success is the way of continuous pursuit of knowledge.”

10 of the best book quotes from Think and Grow Rich

Ever wondered how life would be if we could condition our minds to Think and Grow Rich? Author Napoleon Hill claims to have based this book on twenty years of rigorous research on the lives of those who had amassed great wealth and made a fortune. Observing their habits, their ways of working and the principles they followed, Hill put together laws and philosophies that can be practiced in everyday life to achieve all-round success. The narrative is rich with stories and anecdotes, which not only inspire, but also show a way forward to take action. After all, riches are not just material, but also pertaining to the mind, body and spirit.  Having sold more than fifteen million copies across the world, this book remains the most read self-improvement book of all times!

motivationandinspiration

Motivation & Inspiration

leadershipandmanagement

Leadership & Management

Oliver Napoleon Hill was an American self-help author. He is best known for his book Think and Grow Rich, which is among the best-selling self-help books of all time. Hill's works insisted that fervid expectations are essential to improving one's life.

Napoleon Hill

Think and Grow Rich

What you need to do:
<ul>
<li>Deposit paycheck</li>
<li>Automate investments first</li>
<li>Anything left over goes to bills</li>
</ul>
The process:
<ul>
<li>Determine how much to invest</li>
<li>Determine investment frequency</li>
<li>Determine where it should be invested</li>
</ul>
Make your money work for you.

1. Paying Yourself First

The best investment you can make is in yourself.
How to level up right now:
<ul>
<li>Read a book</li>
<li>Take a course</li>
<li>Exercise for 30 mins</li>
<li>Listen more, talk less</li>
<li>Learn from past mistakes</li>
</ul>
The highest ROI is when you invest in yourself.

2. Investing in Yourself

Society tells you to: 
<ul>
<li>Spend</li>
<li>Show off</li>
<li>Consume</li>
</ul>
Don't go broke trying to look rich.

3. Controlling Your Spending

Increase your income by:
<ul>
<li>Getting a new job</li>
<li>Starting a side hustle</li>
<li>Negotiating for a raise</li>
</ul>
Give yourself a raise to fast-track your process.

4. Increasing Your Income

Expenses can be categorized in 2 ways: 
<ul>
<li>Fixed</li>
<li>Variable </li>
</ul>
Review your spending from the last 3 months. 
Categorize expenses as: 
<ul>
<li>Needs</li>
<li>Wants</li>
<li>Wishes </li>
</ul>
Start reducing spending on wants and wishes.

5. Analyzing Your Expenses

Assign a purpose to every dollar.
Some examples:
<ul>
<li>Business accounts</li>
<li>Retirement accounts</li>
<li>Emergency savings fund</li>
<li>Joint / Individual accounts</li>
</ul>
Want to be like the pros? Automate the process.

6. Tracking Your Money

63% of Americans cannot afford a $500 emergency.
That means the average American would have to resort to high-interest credit card debt to pay for surprise expenses.
Do your future self a favor and save 3 to 6 months' worth of living expenses.

7. Building an Emergency Fund

Credit cards can be a double-edged sword. 
<ul>
<li>Use credit cards wisely, because they can DRAIN your wealth.</li>
<li>If you use your credit card, only use it for convenience and NOT to buy things that you can’t actually afford.</li>
</ul>

8. Paying Off Bad Debt

Building a successful side hustle will take:
<ul>
<li>Hard work</li>
<li>Dedication</li>
<li>Long nights</li>
</ul>
The reward will be:
<ul>
<li>Fulfillment</li>
<li>Freedom</li>
<li>Time
Start by learning a high-income skill.
</li>
</ul>

9. Starting a Side Hustle

Automation keeps your life simple.
Automate:
<ul>
<li>Savings</li>
<li>Investing in 401(k)s</li>
<li>Investing in Roth IRAs</li>
</ul>
Out of sight, out of mind.

10. Automating Your Investments

Never let an opportunity pass you by. 
Don’t be afraid to: 
<ul>
<li>Take a new job</li>
<li>Start a new business</li>
<li>Negotiate for a higher pay</li>
</ul>
Opportunities multiply as they are seized ~ Sun Tzu

11. Jumping at Opportunities

Everyone has strengths: 
<ul>
<li>Writing</li>
<li>Managing</li>
<li>Mathematics</li>
</ul>
Build on your strengths and create a career out of it. 
That’s how you’ll make more money.

12. Building on Your Strengths

If you want to be the best, then you have to surround yourself with the best.
Curate a tight-knit circle of high-quality friends and mentors.
Quality over quantity.

13. Surrounding Yourself with Winners

It takes about 66 days for a new behavior to become an automatic habit.
Stick to a productive daily routine to build healthy financial habits.
When you build healthy financial habits, you will struggle less in life.

14. Adopting Healthy Financial Habits

86% of millionaires are married - and 65% are still in their first marriage.
Find someone who is:
<ul>
<li>Frugal</li>
<li>Mindful about money</li>
<li>Aligned with your financial goals</li>
</ul>
Find someone with a winning financial mindset.

15. Choosing Your Partner Carefully

If you don't understand money, you'll never be truly wealthy.

Here are 15 money skills everyone should know:

Although we have been successful in our careers, they have not turned out quite as we expected. We both have changed positions several times-for all the right reasons-but there are no pension plans vesting on our behalf. Our retirement funds are growing only through our individual contributions. Michael and I have a wonderful marriage with three great children. As I write this, two are in college and one is just beginning high school. We have spent a fortune making sure our children have received the best education available. One day in 1996, one of my children came home disillusioned with school. He was bored and tired of studying. “Why should I put time into studying subjects I will never use in real life?” he protested. Without thinking, I responded, “Because if you don't get good grades, you won't get into college.” “Regardless of whether I go to college,” he replied, “I'm going to be rich.”

personaldevelopment

Personal Development

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing.

Robert T. Kiyosaki

Rich Dad, Poor Dad

The rich talk about vision. The poor gossip about people.Talk Like The Rich and they'll talk with you

Number 1. 

The rich focus on having their Money Make More Money The poor waste money on things they don't need.Spend money like the rich And you'll be one of them..........

Number 2.

The rich surround themselves with Like Minded People. You are the average of the 5 people you around the most. Be Around The Rich and you'll become / Stay Rich .

Number 3.

The rich are Proactive, the poor are reactive.The rich prepare for problems in the future. The Poor Do nothing and complain later. The rich don't help Complainers. Focus On Solutions and they'll Support you!

Number 4.

The rich Take Action first and talk later.The poor talk about taking action but never do it. Be An Action Taker instead of a big talker and the rich will respyou.

Number 5.

5 Reasons the RICH don’t talk to the POOR:


marketingandsales

Marketing & Sales

Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.

Seek Wealth, Not Money or Status

Ignore people playing status games. They gain status by attacking people playing wealth creation games.
You’re not going to get rich renting out your time. You must own equity - a piece of a business - to gain your financial freedom.

Ignore Status Games, Own Equity

You will get rich by giving society what it wants but does not yet know how to get. At scale.
Pick an industry where you can play long term games with long term people.

Give Society What It Wants

The Internet has massively broadened the possible space of careers. Most people haven't figured this out yet.
Play iterated games. All the returns in life, whether in wealth, relationships, or knowledge, come from compound interest.

Leverage the Internet's Opportunities

Pick business partners with high intelligence, energy, and, above all, integrity.
Don't partner with cynics and pessimists. Their beliefs are self-fulfilling.

Choose Business Partners Wisely

<ol>
<li>Learn to sell. </li>
<li>Learn to build. </li>
</ol>
If you can do both, you will be unstoppable.

Master Sales and Building

Specific knowledge is knowledge that you cannot be trained for. If society can train you, it can train someone else, and replace you.
When specific knowledge is taught, it’s through apprenticeships, not schools.
Specific knowledge is often highly technical or creative. It cannot be outsourced or automated.

Embrace Specific Knowledge

Give me a lever long enough, and a place to stand, and I will move the earth.

Fortunes require leverage. Business leverage comes from capital, people, and products with no marginal cost of replication (code and media).

Fortunes Require Leverage

When you're finally wealthy, you'll realize that it wasn't what you were seeking in the first place. But that's for another day.

Wealth's True Nature

Apply specific knowledge with leverage, and eventually you will get what you deserve.
There are no get rich quick schemes. That's just someone else getting rich off you.

Apply Specific Knowledge with Leverage

Become the best in the world at what you do. Keep redefining what you do until this is true.
Work as hard as you can. Even though who you work with and what you work on are more important than how hard you work.

Becoming the Best

Set and enforce an aspirational personal hourly rate. If fixing a problem will save less than your hourly rate, ignore it. If outsourcing a task will cost less than your hourly rate, outsource it.

Set and Enforce Your Hourly Rate

Reading is faster than listening. Doing is faster than watching.

Reading, Doing, Succeeding

GETTING RICH IS NOT JUST ABOUT LUCK; HAPPINESS IS NOT JUST A TRAIT WE ARE BORN WITH. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn.So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like?Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn't a how-to book, or a step-by-step gimmick. Instead, through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.

Getting rich is not just about luck; happiness is not just a trait we are born with. These aspirations may seem out of reach, but building wealth and being happy are skills we can learn. So what are these skills, and how do we learn them? What are the principles that should guide our efforts? What does progress really look like? Naval Ravikant is an entrepreneur, philosopher, and investor who has captivated the world with his principles for building wealth and creating long-term happiness. The Almanack of Naval Ravikant is a collection of Naval's wisdom and experience from the last ten years, shared as a curation of his most insightful interviews and poignant reflections. This isn't a how-to book, or a step-by-step gimmick. Instead, through Naval's own words, you will learn how to walk your own unique path toward a happier, wealthier life.

Eric Jorgenson is an entrepreneur, writer, and investor. He is on the founding team of Zaarly, and has been publishing online since 2014. His blog has educated and entertained over a million readers.Eric is on a quest to create (and eat) the perfect sandwich. He tweets at @ericjorgenson and publishes new pieces and projects on ejorgenson.com/blog

Eric Jorgenson

The Almanack of Naval Ravikant

The Almanack Of Naval Ravikant

Income vs. Expenses: Understand how to balance what you earn and what you spend 
Needs vs. Wants: Differentiate between essential expenses and discretionary spending 
Savings: Allocate a portion of your income to savings and emergencies.

1. Budgeting Basics:

Interest Rates: Comprehend how interest affects loans and credit cards 
Credit Score: Learn how financial behaviour impacts your credit history 
Avoiding Debt: Practice responsible spending to avoid unnecessary debt.

2. Debt Awareness:

Compound Interest: Understand how your money can grow over time with investments 
Asset Allocation: Learn about different investment options 
Risk vs. Reward: Grasp the relationship between risk tolerance and potential returns

3. Investing Insights:

Setting Goals: Define short-term and long-term financial objectives 
Budget Alignment: Align your budget with your goals to achieve them 
Monitoring Progress: Track your financial journey and adjust as needed.

4. Financial Goals:

Taxation Basics: Learn about income tax, deductions, and credits 
Filing Process: Understand how to prepare and file your taxes 
Tax Responsibility: Recognise your tax obligations as a citizen.

5. Tax Fundamentals:

Emergency Fund: Establish an emergency fund for unexpected expenses 
Insurance: Learn about different types of insurance and their importance 
Financial Resilience: Prepare for financial setbacks and crises.

6. Emergency Preparedness:

Financial literacy is a crucial life skill

Equip yourself with these six money lessons you need to learn before turning 18:

writing

Reading & Writing

education

Learning & Education

Finance 101

- ca să lucrezi doar online (și să renunți la job) este nevoie de timp și dedicare + ceva noroc;- activitatea pe care o desfășori online trebuie să fie suficient de valoroasă încât să convingi oameni să te plătească pentru ea;

Idei de bază

1. Servicii2. Produse3. Atenție

3 niveluri prin care poți face bani online

Mai întâi trebuie să:1. Dezvolți o abilitate pentru care oamenii te pot plăti<ul><li>ex.: poți învăța gratuit programare online (HTML, CSS - tutoriale YouTube);</li><li>Fiverr, Upwork (site-uri freelancing) - caută în listă abilitățile pe care ai vrea să le dezvolți.</li></ul> - faptul că nu posezi nicio abilitate, nu este o scuză pentru că poți învăța singur orice online.2. Găsești oamenii dispuși să te plătească pentru acea abilitate<ul><li>poți căuta oameni care să te plătească atât fizic, cât și online;</li><li>înregistrează-te pe platforme de freelancing.</li></ul>

Nivelul 1: Obții bani vânzându-ți serviciile 

- cantitatea de bani nu mai este direct proporțională cu cantitatea de timpIdeal ar fi să:1. plătești costul de producție o singură dată;2. să existe ZERO cost de reproducere;3. să existe ZERO cost de distribuție;4. să existe ZERO cost de mentenență;- produsul ideal este digital (ex.: website, app, online course, e-book)

Nivelul 2: Obții bani vânzându-ți produsele

1. Vinzi produsele altora - Drop shipping: creezi un site unde vinzi produse (pe care le cumperi din altă parte și le trimiți direct clientului); - Affiliate marketing: link-uri afiliate în recenzii (pentru fiecare achiziționare a produsului primești comision);- - Smart Pasive Income (website) - te învață mai multe despre marketingul afiliat - Sponsorizări (funcționează la fel ca affiliate marketing.

Prima Posibilitate

2. Vinzi produsele tale a. produse fizice (ex.: merch) b. website/app (ex.: vinzi accesul) c. info products (ex.: e-books, digital downloads, online courses) - platforme pe care să vinzi cursuri: Cousera, Skillshare, Udemy; - nu ai nevoie să fie expert ca să predai cunoștințele unor începăto

A Doua Posibilitate 

Comunitatea poate fi:- fizică;- online (aplicații de socializare, reclame).Creează conținut online valoros și gratuit (ex.: blog, podcast-uri, Instagram, Facebook, Youtube, LinkedIn)Recomandare de carte: Jab, Jab, Jab. Right Hook de Gary Vaynerchuk.Administrează-ți propriul brand personal.De citit articolul: 100 true fans de Kevin Kelly.Învață programare.

Nivelul 3: Îți vinzi produsele și serviciile printr-o audiență 

To learn how to code and start your own journey to passive income, visit https://brilliant.org/ali and sign up for free. The first 200 people will get 20% off the annual Premium subscription :)

In this video, I'll be breaking down the 3 levels to making money online - a video I wish I had seen when I started out on my journey 13 years ago...

Timestamps:
01:30 - What is money?
01:55 - The 3 Levels of Making Money Online
02:25 - Level 1 Make Money Online By Selling Your Services
06:10 - Level 2 Make Money Online By Selling Products
12:40 - Level 3 Supercharge Your Money Making Powers  

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WHO AM I:
I’m Ali, a YouTuber, podcaster, soon-to-be author and ex-Doctor working in London, UK. I make videos that explore the strategies and tools that help us live happier, healthier and more productive lives. I also have a weekly podcast called Deep Dive (https://www.youtube.com/channel/UChfo46ZNOV-vtehDc25A1Ug), and I write a weekly email newsletter that contains some quick thoughts + links to interesting things (https://go.aliabdaal.com/subscribe-sundaysnippets).

PS: Some of the links in this description are affiliate links that I get a kickback from 😜

📚 Check out my first book Feel-Good Productivity here: https://www.feelgoodproductivity.com/

Hey, I'm Ali, a doctor turned entrepreneur, and the world’s most followed productivity expert 😜 

On this channel, we explore evidence-based strategies and tools that can help us be more productive, and build a life that we love. 

If that sounds interesting, consider subscribing! See you in the next video x

Ali Abdaal

How To Make Money Online - The 3 Levels

<ol><li>Start with a general idea of what we want to do</li><li>Get instruction from teacher, coach or book</li><li>Practice until we reach acceptable level</li><li>Let it become automatic</li><li>We stopped improving</li></ol>

Usual Approach To Practice 

<ul><li>Has well-defined, specific goals</li><li>All about putting a bunch of baby steps together to reach a longer-term goal</li><li>Purposeful practice are focused</li><li>Purposeful practice involve feedback</li><li>Purposeful practice require getting out of one comfort zone</li></ul>

Purposeful Practice 

Potential is an expandable vessel, shaped by various thing we do throughout our live

<ul><li>People often misunderstand this because they assume that the continued driving or tennis playing or pie baking is a form of practice and that if they keep doing it they are bound to get better at it, slowly perhaps, but better nonetheless</li><li>But when we don't get out of our comfort zone, the action will become automatic, and there will be no further improvement.</li><li>Getting out of your comfort zone means trying to do something that you couldn’t do before</li></ul>

Misconception About Practice 

Get outside your comfort zone but do it in a focused way, with clear goals, a plan for reaching those goals, and a way to monitor your progress. Oh, and figure out a way to maintain your motivation.

Purposeful Practice In A Nutshell 

<ul><li>Scientists know much less about how the brain changes in response to mental challenges. One major difference between the body and the brain is that the cells in the adult brain do not generally divide and form new brain cells. There are a few exceptions, such as in the hippocampus, where new neurons can grow</li><li>Instead, the brain rewires those network by strengthening or weakening the various connections between neurons and also by adding new connections or getting rid of old ones. There can also be an increase in the amount of myelin, which allows nerve signals to travel more quickly</li></ul>

Changes To Brain When Challenged

The traditional approach is not designed to challenge homeostasis (comfort zone). It assumes, consciously or not, that learning is all about fulfilling your innate potential and that you can develop a particular skill or ability without getting too far out of your comfort zone

Difference Between Traditional Practice And Deliberate Practice 

With deliberate practice, however, the goal is not just to reach your potential but to build it, to make things possible that were not possible before. This requires challenging homeostasis—getting out of your comfort zone—and forcing your brain or your body to adapt. But once you do this, learning is no longer just a way of fulfilling some genetic destiny; it becomes a way of taking control of your destiny and shaping your potential in ways that you choose.

<ul><li>A mental representation is a mental structure that corresponds to an object, an idea, a collection of information, or anything else, concrete or abstract, that the brain is thinking about</li><li>A simple example is a visual image. Mention the Mona Lisa, for instance, and many people will immediately “see” an image of the painting in their minds; that image is their mental representation of the Mona Lisa.</li><li>The key change that occurs in our adaptable brains in response to deliberate practice is the development of better mental representations, which in turn improve performance.</li></ul>

Mental Representation 

Deliberate practice develops skills that other people have already figured out how to do and for which effective training techniques have been established. The practice regimen should be designed and overseen by a teacher or coach who is familiar with the abilities of expert performers and with how those abilities can best be developed.

Deliberate Practice Traits

Deliberate practice takes place outside one’s comfort zone and requires a student to constantly try things that are just beyond his or her current abilities. Thus it demands near-maximal effort, which is generally not enjoyable.

Deliberate practice involves well-defined, specific goals and often involves improving some aspect of the target performance; it is not aimed at some vague overall improvement. Once an overall goal has been set, a teacher or coach will develop a plan for making a series of small changes that will add up to the desired larger change. Improving some aspect of the target performance allows a performer to see that his or her performances have been improved by the training.

Deliberate practice is deliberate, that is, it requires a person’s full attention and conscious actions. It isn’t enough to simply follow a teacher’s or coach’s directions. The student must concentrate on the specific goal for his or her practice activity so that adjustments can be made to control practice.

Deliberate practice involves feedback and modification of efforts in response to that feedback. Early in the training process much of the feedback will come from the teacher or coach, who will monitor progress, point out problems, and offer ways to address those problems. With time and experience students must learn to monitor themselves, spot mistakes, and adjust accordingly. Such self-monitoring requires effective mental representations.

Deliberate practice both produces and depends on effective mental representations. Improving performance goes hand in hand with improving mental representations; as one’s performance improves, the representations become more detailed and effective, in turn making it possible to improve even more. Mental representations make it possible to monitor how one is doing, both in practice and in actual performance. They show the right way to do something and allow one to notice when doing something wrong and to correct it.

Deliberate practice nearly always involves building or modifying previously acquired skills by focusing on particular aspects of those skills and working to improve them specifically; over time this step-by-step improvement will eventually lead to expert performance. Because of the way that new skills are built on top of existing skills, it is important for teachers to provide beginners with the correct fundamental skills in order to minimize the chances that the student will have to relearn those fundamental skills later when at a more advanced level.

The book summarizes the findings of Ericsson's 30-year research into the general nature and acquisition of expertise. 

“This book is a breakthrough, a lyrical, powerful, science-based narrative that actually shows us how to get better (much better) at the things we care about.”—Seth Godin, author of Linchpin “Anyone who wants to get better at anything should read [Peak]. Rest assured that the book is not mere theory. Ericsson’s research focuses on the real world, and he explains in detail, with examples, how all of us can apply the principles of great performance in our work or in any other part of our lives.”—Fortune Anders Ericsson has made a career studying chess champions, violin virtuosos, star athletes, and memory mavens. Peak distills three decades of myth-shattering research into a powerful learning strategy that is fundamentally different from the way people traditionally think about acquiring new abilities. Whether you want to stand out at work, improve your athletic or musical performance, or help your child achieve academic goals, Ericsson’s revolutionary methods will show you how to improve at almost any skill that matters to you.   “The science of excellence can be divided into two eras: before Ericsson and after Ericsson. His groundbreaking work, captured in this brilliantly useful book, provides us with a blueprint for achieving the most important and life-changing work possible: to become a little bit better each day.”—Dan Coyle, author of The Talent Code   “Ericsson’s research has revolutionized how we think about human achievement. If everyone would take the lessons of this book to heart, it could truly change the world.”—Joshua Foer, author of Moonwalking with Einstein

Anders Ericsson

Robert Pool

Peak

In the early 1800s the town of Nottinghamshire found itself at the epicenter of a technological revolution that would forever change the textile industry. Steam-powered mechanical frames had arrived, threatening to render the labor of skilled artisans obsolete.Faced with the impending loss of their livelihoods, a group of indigent laborers banded together in secret societies, rallying under the banner of a fictional character named Ned Ludd—a figure reminiscent of Robin Hood but updated for the industrial age. These defiant individuals proudly donned the title of “Luddites.”

Rise of Luddites:

Prior to the invention of steam powered machines, many businesses relied on experienced craftsmen and artisans who made products by hand. Though the machines made manual skill less necessary displaced some skilled artisans initially, however they also introduced many new jobs in the market. Factories required workers to operate and maintain these machines, leading to a surge in demand for factory workers, machine operators, and mechanics thus factory work grew more common as a result.

Shift in the Job Market

Remarkable advancements in AI technologies are reshaping industries, automating tasks, and augmenting human capabilities. But before we proceed to examine how technology will impact jobs in the future, let's take a trip back to the 1800s and see how jobs were affected when steam-powered machines were introduced in factories.

Remarkable advancements in AI technologies that are reshaping industries and automating tasks but before we understand its impact on jobs of future, let's take a look at 1800s & see how jobs were impacted when steam powered machines were introduced in the factories.

How the Evolution of Technology Impacted Jobs of the Past

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