When you are poor, not having money is your biggest problem. It makes even the pursuit of happiness appear out of reach. You think if only you had enough money to pay your bills and work towards a better life, you would be happy. At least that’s what I thought during my own years of struggle.
But as I later discovered, climbing out of poverty doesn’t bring you lasting happiness. In fact, not having to worry about paying your bills only makes the absence of happiness more obvious. …
It has never been easier to become a creator. The cost of publishing is almost zero, and there are no gatekeepers. Plus, if you can manage to separate yourself from the crowd and make yourself visible, the rewards are greater than ever before.
But that’s where it gets tricky. Because it’s so easy and lucrative to be a creator today, it is incredibly hard to become a remarkable one. There is too much competition.
That doesn’t mean it is too late to get started. The internet economy is still in its early phase, and while you may have missed the first wave, the best is yet to come. Look at the stock prices of internet companies. People are betting big on their future. So even if it won’t be as easy as it once was, it is worth giving it your best shot. …
“Make sure that you are focused on something you are passionate about.”
These words summarize Jeff Bezos’s answer to a girl asking what advice he would give “to an internet startup company now”. He added it was the same advice he would give to any kind of entrepreneur.
This was after a talk he gave at a summit in 2001 in which he shared a few stories from the early stages of Amazon. His stories had valuable lessons for every entrepreneur and offered crucial insights into different aspects of entrepreneurship like coming up with ideas, making important decisions, and dealing with risks. …
Many bad things can be said about the pandemic and the financial crisis we are going through. But there is still some good we extract from it.
It has exposed how financially vulnerable most of us are, even those who thought they had the security of their monthly paychecks. It has forced people to rethink everything they know about how money works and how they can (and should) earn, manage, and grow their money. And it has shown us how unpredictable and challenging the future can be.
So if you — especially if you are in your 20’s or 30’s — can use this moment as an opportunity to upgrade your mindset and knowledge, you will be better placed to face the future that will bring even more drastic and lasting changes. …
Growing up, I was used to people telling me how gifted and special I was. For the usual and obvious reason — I was good at academics. It felt great, and without me realizing it, the belief that I was extraordinary became a part of my identity.
It was not until I had turned 28 (and my life, upside down, in less than a year) that I started to see the harm that label had done to me and the kind of threat it posed to my future. …
“Aerodynamically, the bumblebee shouldn’t be able to fly, but the bumblebee doesn’t know it so it goes on flying anyway.” — Mary Ash Kay
Most of us go through our lives with these imaginary but well-defined spheres of possibilities around us. They tell us things like what we can do, how much money we can make, who we can date, etc.
Anything beyond these spheres, and we say immediately, almost as a reflex — “Oh! But I can’t do that. That’s impossible.”
If that sounds like you, let me share with you a secret.
If you want to bring about a powerful transformation in your life (do something remarkable) — whether it’s getting out of an incredibly difficult situation or achieving the kind of success that inspires others — you better start doing things “you can’t”. …
If you want to be successful in life, few things matter as much as your ability to deal with rejections the right way.
Whether it’s applying for a job, asking for a raise, pitching your startup idea, proposing to your love, or something else, on countless different occasions in your life, you will find yourself staring at the possibility of being rejected. What you choose to do in such situations will greatly impact how far you go in life.
Unfortunately, for most people, the thought of being turned down is paralyzing. And it’s understandable.
The way most of us view rejections — as a combination of failure and humiliation, two things we dread — turns every rejection into a reminder that we are not good enough, not worthy. …
There are certain kinds of people we hate to have around us. Most notably, the kind prone to abusive and violent outbursts. However, not everyone bad for us gives out such loud and obvious signals.
In fact, certain traits make people likable to us when it’s in our best interests to stay away from them. Besides, sometimes even well-meaning friends can cause us much harm through unintended consequences of their actions.
The thing is, when we are with our friends, we feel comfortable enough to shed our inhibitions and let our guards down. And why not? …
“All I want to know is where I’m going to die so I’ll never go there.” — Charlie Munger
As is the case with most great ideas, the beauty of this one lies in its simplicity.
Think about it. We spend so much time reading books, listening to podcasts, watching videos, and so much else — hoping to find the secret to a good life. Or looking for ways to rise above mediocrity.
But if you pause and observe the world around you, you will realize that most people are held back not because they lack some secret sauce but because they choose to walk into the same traps that have been killing dreams and destroying lives for ages. …
Seven years ago, I quit my job to become self-employed. And for a few years that followed, I was a master at self-sabotage.
There was a pattern to it. It always began with me setting an ambitious goal for myself. Soon after, I would start to imagine how awesome it would be to achieve it. And slowly, my goal would turn into a destination I couldn’t wait to reach.
Here’s the problem. When you become obsessed with the destination, it becomes impossible for you to focus on the journey or to enjoy it.
In the words of author Ozan Varol,
“I was like a marathon runner who disliked running but craved the high of the finish line.” …