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Want To Make Better Decisions? Do This

May 22, 2018 No Comments

Do you ever look back on your decisions and think, “Why I on earth did I do that?”

We all make bad decisions.

Buying an SUV that sucks up all your cash
Starting a relationship without being in love
Saying yes to a job that you’re not passionate about
Creating products that no one needs

Shit happens (the above examples are all about me). But the funny thing is that bad decisions never seem like bad decisions at the moment.

I’ve been reading about the decision-making process of Warren Buffet and Charlie Munger, two of the most successful investors of all time.

In Alice Schroeder’s biography of Warren Buffett, I read that Buffet and Munger have a learning strategy that’s based on what you should avoid doing. They identify mistakes and do their best to avoid those mistakes. But as Charlie Munger says:

Habits

Transform Your Life By Transforming Your Habits

May 17, 2018 10 Comments

Where you are in your life is a result of your habits. Will Durant (not Aristotle) said it best:

“We are what we repeatedly do. Excellence, then, is not an act, but a habit.”

I think that’s also true for the opposite of excellence. Mediocrity is a result of mediocre habits.

That means we can go from mediocrity to excellence by changing our habits.

But how do you do that? Before we get into that, I want to clarify my statement: Habits change your life, but they do not guarantee success.

Because that’s what “the habits of millionaires” type of articles and books tell us. We get it, Elon Musk sleeps 2 hours a day and eats Cheerios for dinner—or something like that.

Procrastination, Productivity

What I Do When I Can’t Focus

April 23, 2018 No Comments

Do you struggle to finish your tasks? Are you always distracted by notifications, gossiping, or anything that’s random?

In that case, you and I are alike. Because focusing on a single thing is one of the hardest things at work.

There’s always something that interrupts you, right?

Another person
A call
A meeting
A false emergency
Your cat
A stranger’s cat
News about last night’s NBA game

Sure, you can blame those things — but that’s weak. You and I both know that those things can’t interrupt you without your permission.

Books, Investing

8 Books That Teach You to Be rich

April 16, 2018 No Comments

What’s your money strategy? Do you even have one?

If not, it’s not uncommon. Until two years ago, I didn’t have a financial plan, whatsoever.

Even though I’ve been reading about money, finance, and investing ever since I made my first few bucks as a teenager, I never created a financial plan.

But now, I think every single working professional needs a financial strategy. How do you spend your money? How much do you save? What are your thoughts about debt? How do you invest your money? How much money do you need to retire?

These are questions that every person who makes money must answer.

Let’s face it. If you want to retire comfortably (I’m not even talking about living a luxurious lifestyle), you need to get rich.

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