Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#46 – December 5, 2022
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Wise: Learning faster
I wish there were shortcuts to learning new skills. Or that we could finish a 300-page book in 30 minutes.
Learning usually happens slowly.
However, getting good at something is also not totally unattainable. Sometimes people get discouraged by the fact that learning takes too slowly.
Can we speed that process up? I believe so. It’s more about learning effectively instead of trying to find shortcuts.
You can spend 10,000 hours doing something and learn nothing. But at the same time, you can also become a more effective learner, which helps you to save time.
In this article, I share my tips for accomplishing that.
Wealthy: The dark fantasy
“Make money while you sleep!” — That slogan became popular in the longest secular bull market in the US stock market, which ran from August 1982 to December 1999.
During that 17-year timespan, stocks returned an inflation-adjusted return of 1,128%.
Isn’t that the dream? To get rich without working?
Ever since then, things have only gotten worse. So many people have a dream to become rich without working for it.
Instead of admiring hard workers like Steve Jobs or Helen Keller, they love the crypto billionaires who got rich out of thin air.
In my latest article, I talk about the problem with that mindset and how it can discourage you from building true wealth.
This is a topic I’m passionate about. I feel like we’re all part of a great and free society. We all must make a valid contribution to keeping it alive.
One interesting thing
December can be a hectic month. And every time things get hectic, our personal energy often suffers.
Personal energy plays such an important role in our overall well-being. In The Power of Full Engagement, psychologist Jim Loehr and journalist Tony Schwartz talk about the best way to spend and recover energy.
When we expend energy, we draw down our reservoir. When we recover energy, we fill it back up. Too much energy expenditure without sufficient recovery eventually leads to burnout and breakdown. (Overuse it and lose it.) Too much recovery without sufficient stress leads to atrophy and weakness. (Use it or lose it.)
As with so many things in life: Balance matters!
Thanks for reading! I hope you found this edition of Wise & Wealthy useful.
All the best,
Join the 7-day Stay Centered challenge
I’ve created a one-week email course that you can do together with a group. It’s called Stay Centered, and it will help you to reclaim focus and live a meaningful life.
When you’re centered, nothing can hurt you. You will have inner peace no matter what happens.
How to unlock Stay Centered
You can join the challenge for free. Every day, you’ll receive a short email with a small challenge that inspires you to live better.
I highly recommend sharing it with your friends so you can go through the program together. I did it with my team, which was a lot of fun.
Join here: dariusforoux.com/stay-centered