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Skip The Means — Go For The End
How often do we pursue something purely as a means to do something else?
I spoke to a former co-worker of mine who’s now working as a business coach. She has her own practice and own coaching methodology.
But the last time we caught up, a few years ago, she was participating in some kind of coaching accreditation program. Many people assume you need some sign of approval before you can work in a particular profession.
This is certainly true for coaches. But also for authors, consultants, and other expert-level jobs. While I think the system accreditation serves a purpose, it’s not always the best path.
Degrees and certificates function as shortcuts. If someone has a degree from a certain university, you can assume that person has a certain level of academic ability and persistence.
The same is true for financial roles. A certified financial planner in the US has gone through an extensive training program, which doesn’t cost a lot of time, but also money. These types of stamps of approval are helpful.
But the problem arises when we pursue a certain degree and certificate purely as a means to do something else.
Get Rich Without Working: The Dark Fantasy of Today
“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?
In Bull: A History of the Boom and Bust, 1982-2004, the financial journalist and author, Maggie Maher, observed that dream started during the 80s:
Wise & Wealthy: What rich people avoid and getting back on track
Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#41 – November 7, 2022
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Wise: Getting back
Sometimes everything goes well in our life. We wake up rested and immediately get started with our day.
During those moments, we also feel good. We’re focused and we always have something useful to do.
But there are also moments the opposite happens. We wake up tired, without a clear purpose. I think that’s a natural part of life.
We can’t escape that feeling of being stuck. But we can have a plan to make sure we don’t stay stuck.
The primary way I do that is by taking rest, doing less, letting go of any metrics, and finding joy in small things.
It’s all obvious stuff. But when you’re stuck, you often can’t see the obvious.
↳ Wasted Time Today? Here’s How to Get Back on Track
Wealthy: Things to avoid
I’ve adopted the mental model of Charlie Munger when it comes to living a good life. He 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 good to talk about all the things rich people do and how you can build wealth. But to have a better view of getting rich, we also have to be aware of what not to do.
When you’re aware of what not to do, you can not only avoid those things, but you can also focus on doing the opposite.
In my latest article, I’m sharing 7 things that you want to avoid if you want to get rich.
↳ 7 Things Rich People Never Do
One interesting thing
I have an announcement! If you’re interested in overcoming procrastination, improving productivity, you’ll find this useful.
This Sunday, November 13, my popular course Procrastinate Zero 2 will open for registration.
Since 2016, nearly three thousand students have used that program to achieve different goals: Start a business, write a book, find a new job, lose weight, improve happiness, reduce stress, you name it.
I’ve personally used the Procrastinate Zero 2 system to write 7 books and create 7 online courses. And I only work 4 hours a day on average.
Learn more here: dariusforoux.com/pz-2
Thanks for reading! I hope you found this edition of Wise & Wealthy useful.
All the best,
Darius
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
Wise & Wealthy: Passive income ideas and perception vs reality
Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday and every other Thursday.
#37 – October 10, 2022
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Wise: Perception is reality
Do you ever feel misunderstood by others? Maybe you feel that people at work don’t get you. Or that your friends are not on the same page.
Maybe others truly don’t get you. But that’s not because of them, it’s most likely because of your own behavior.
We live in a world where we’re constantly judged. And how do people judge you? By looking at what they see.
In other words, the perception that people have of you becomes reality in their minds. Now, it doesn’t matter how you truly are when it comes to perception. When people perceive you in a certain way, it’s almost impossible to change that.
That’s why it’s important to be mindful of how you present yourself. Always present the best version of yourself, no matter how tired or unmotivated you might be.
Wealthy: Passive income ideas
In 99 out of 100 cases, it takes years to get rich. But since the media loves highlighting that one person who got rich overnight with a few passive income ideas, many of us have a screwed-up idea of how people get wealthy.
While we know that get-rich-quick schemes never work (otherwise they wouldn’t be called that), most folks don’t know that building wealth is not that complicated.
The problem with getting rich is that it takes time. And in this impatient world, people just don’t want to wait. They want to be rich now.
But if you decide to go against the grain and commit to building long-term wealth, you will inevitably become wealthy if you do one thing: Increase your net worth every year.
The best way to make that happen is to have multiple income streams. If you only have one or two income streams right now, that’s fine. With consistency and time, you’ll eventually get there. It doesn’t happen overnight.
If you’re serious about building wealth over time, you will accomplish that goal because you control your behavior. When executed well, the following passive income ideas will increase your net worth gradually.
↳ 5 Passive Income Ideas to Get Inevitably Rich
One interesting thing
The Austrian psychotherapist, Alfred Adler, believed that we are the masters of our destiny:
“No experience is a cause of success or failure. We do not suffer from the shock of our experiences — the so-called trauma — but we make out of them just what suits our purposes.”
Never let the bad things that happened to you in the past define how you look at yourself today.
Every day is a new opportunity to do things differently.
Thanks for reading! I hope you found this edition of Wise & Wealthy useful.
All the best,
Darius
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