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Adnan Mirza

@adnanmirza

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6 lesson from "The Psychology of Money" by Morgan Housel 1. Man in the car Paradox No one is as impressed with your possessions as you are. People tend to display wealth to be liked and admired. But in reality, people often bypass admiring you. They use your wealth as a benchmark for their own desire to be liked and admired. 2. Wealth is what you don't see We tend to judge wealth by what we see: cars, clothes, and houses. What we don't see are investment accounts. We rely on outward appearances to gauge financial success. True wealth is hidden, It is assets not converted into things you see 3. No One's Crazy People money decisions are justified by taking the information they have at the moment and plugging it into their unique mental model of how the world works. Origins and upbringing shape money decisions. We do crazy things with money. But no one's crazy. 4. Luck & Risk They both are the reality that every outcome in life is guided by forces other than individual effort. They are so simi…
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2 more lessons from "The Subtle Art of Not Giving a F*ck" 4. Certainty is the enemy of growth The person who thinks they know everything never learns anything, while the person who has a healthy uncertainty about themselves and the world invites new ideas and experiences. The goal isn’t to be right all the time. It’s to learn, grow, and be less wrong than you were before. 5. Do something — anything — and embrace failure We learn from this book: Just like happiness is active, so is motivation. You can’t sit back and wait for motivation to strike; you need to foster it by continually doing something, anything at all. Fear of failure holds us back and keeps us from accomplishing what we really want. This fear is a powerful roadblock, but the real failure is not trying. If you fail, it’s OK. You’re not just back where you started — you’re now smarter and more experienced than you were before.
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3 Lessons Learned from 'The Subtle Art of Not Giving a Fuck' 1. Happiness is active, not passive Happiness is a work in progress, a moving target that requires tackling real issues, not avoiding them or convincing yourself they don’t exist. It’s a lot like success; you have to work to achieve it. Real happiness requires struggle: So instead of asking yourself how to find happiness, ask yourself what you’re willing to go through to make it happen. Happiness is a never-ending climb, so find joy in the climb itself. 2. Prioritize your energy and effort Consider the f*cks you have to give, and know they are finite. You can’t, and shouldn’t, care about everything. Instead, prioritize what matters in your life and know that to make space for certain things, you have to let other things go. As Manson writes, “The avoidance of suffering is a form of suffering. The avoidance of struggle is a struggle.” Understand and accept that you will face difficulties and that you won’t always be happy,…
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