<aside> 🐘 A collection of the 3 Pieces of Content I've found the most valuable this week on the internet, with some reflections, key lessons we can learn from them, and why they can add value to our lives. Plus, one or two very cool quote(s).
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Table of Contents ▶️ ▶️ ▶️
Millionaire real estate investor Graham Stephan shares 6 habits (mostly money-related) that he believes fundamental to implement in our 20s. Although this is an anecdotal-based advice video (to take with a pinch of salt), it's always interesting to see what people considered "successful" by society believe and how they managed to build what they have in their life (in the case of Graham Stephan, a real estate fortune, a lot of what seems wise investments, and numerous Youtube channels generating loads of revenue and views).
So, here's a quick list of the habits Graham wishes he knew at 20.
#1 — Do Not Live Above Your Means
Living 'poorly' is socially acceptable in your 20s. Take advantage of that.
#2 — Build Your Credit History
Having a high credit score is such a valuable asset to have in life.
#3 — Don't Wait for Things to Happen
Nothing is gonna happen unless you make it happen. Work actively towards your objectives. Be responsible for yourself. Other people do not care about what you do.
#4 — Don't Play it Safe. Take More Risk
Don't let fear of social judgment stop you. Time is on your side.
#5 — No one Has It All Figured Out
This makes me think about the last part of the article The Cook and the Chef.
#6 — Don't Worry About Nothing
Spend your time working towards something, not thinking about worst-case scenarios. Over-worrying only takes away mental energy and time. Act rather than overthink.
The Law of Momentum
Ordinary people can achieve extraordinary results.
Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it.
— Albert Einstein
Nathaniel argues that the concept of compound interest exists and can be applied to life outside finance (this topic has been treated by some authors, who have given it different names).
He cites 2 books on this topic:
How this works
Daily decisions make the difference in eliciting the law of momentum.
But often times, we feel overwhelmed when it comes to pursuing a path which takes long to show benefits. Nathaniel puts forth some myths he believes are responsible for this resistance we have to stick to a project long term:
The myth of Talent / Natural Ability
Talent exists, no doubt about it. But we too often identify talent as the catalyst for the success of some high achievers. The truth is, this is not always the case. In most disciplines and jobs, as a matter of fact, practice and persistence can make the real difference in becoming a master. Having a mindset which considers effort and persistence as key qualities for success corresponds to having a malleable theory mindset, as research calls it.
The myth of Good Fortune
"We are obsessed with luck". But is luck really such an omnipresent trait ruling our lives? Probably not. There's a zen proverb on this (10:00):
Maybe so.
Maybe not.
We'll see.
It's undeniable that lack exists. However, the only thing you can control is you attitude.
Grit
Video Summary of the book 'Grit'.
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We can develop and improve our attention and focus. Having a growth mindset open to change and which is based on believing that we can, as individuals, become better, does make a difference.
In this 2013 lecture, Daniel Goleman, author of the book Emotional Intelligence, goes through what it takes to stay more focused and achieve the flow state more often in an age of information overload and dopamine spikes.
"A wealth of information creates a poverty of attention."