Articles - Page 61 of 172

Wasted Time Today? Here’s How to Get Back on Track

November 7, 2022 No Comments

We’ve all wasted time. But sometimes, we waste a bit too much time. The other day I watched a Skip & Shannon video on YouTube (a sports show mostly about the NBA and NFL), and then, I watched another video about the NBA. I watched the first video around 10 pm.

The next time I looked at the clock, it was about 12:15 am. Wait, what? More than 2 hours on my tablet? What happened? Well, wasting time. That’s what happened.

When you do it occasionally in your free time, it’s no big deal. But there are many people who waste time during the day at work. A while back, I did a study and found that at least 88% of the workforce admits to procrastinating for at least one hour on a typical workday.¹

Life Lessons, Personal Finance, Wealth Building

7 Things Rich People Never Do

November 7, 2022 No Comments

I’ve adopted the mental model of Charlie Munger when it comes to living a good life. It’s useful to gain insights into the thought process of certain rich people.

Munger was trained as a lawyer, got briefly into real estate development, and built his fortune together with Warren Buffett in Berkshire Hathaway. Munger says:

“My system in life is to figure out what’s really stupid and then avoid it. It doesn’t make me popular, but it prevents a lot of trouble.”

It’s attractive to talk about all the things rich people do and how you can build wealth. A large part of my work focuses on the right actions we should undertake to get wealthy.

But what I don’t always share is how I figured out the right actions. Most of the time it’s a matter of looking at the wrong options and doing the opposite. In this article, I’m sharing 7 things that you want to avoid if you want to get rich.

Career Advice, Freedom, Investing, Personal Finance

Money Fallacy #1: The Checks Will Not Always Come

October 31, 2022 No Comments

Consider two artists: MC Hammer and Chamillionaire. Most people know the former because he famously went broke in the 90s despite earning millions of dollars. It’s a good case of money fallacy that many people who earn well often ignore.

MC Hammer made 37 million dollars. But he spent 50. And when he declared bankruptcy in 1996, he had 13 million dollars of debt.

Now, look at Chamillionaire, who just like Hammer, was popular for a few years. When I was in college, he had a famous song called Ridin Dirty. I was never a fan and never heard about Chamillionaire again until a few years ago.

I read that used the money he made during those few years he was popular to invest. Now, he’s worth at least 50 million dollars.

Career Advice, Life Lessons, Personal Development

5 “Counterintuitive” Life Lessons I Learned from 5 Books

October 24, 2022 No Comments

Many things in life are the exact opposite of what we assume they are. For example, when it comes to personal productivity, we often think we need to work harder and do more to achieve more. That’s where counterintuitive life lessons come in.

More often than not, we need to do less. We need to narrow our focus.

In this article, I’ve summarized 5 of the most important counterintuitive lessons I’ve learned about different important life topics, running from achievement to mental health.

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