Friday, March 1, 2019. Issue #218
Apply The Principles of Long-Term Investing to Everything
The power of compounding can be applied to reading a book, eating healthy, spending quality time with the people you love, working out, getting up early, using a system to get things done, and changing many areas of your life. The results are dependent on the actions we take every day.
Do you ever find yourself endlessly mentally replaying situations in which you wish you’d performed differently? You wish you hadn’t said that dumb thing. You wish you’d volunteered for that project that’s now winning accolades. You wish you’d spoken up. You wish you hadn’t dropped the ball with that potential client.
The planning fallacy is a term used by psychologists to describe our tendency to underestimate the amount of time it will take to complete a task. The term was first coined in 1977 by psychologists Daniel Kahneman and Amos Tversky. Kahneman and Tversky explained that people have a tendency to disregard historical data when making predictions.
We all have those “crazy ideas”, nagging at us from the back of our minds. But, unless you’re really, really lucky, your full-time job usually doesn’t align with those interests. Maybe you’re a software engineer who secretly wants to write a book. 
One aspect of the FIRE movement that appealed to me was its anti-consumerism. A number of the blogs I read argue that if only we bought less and stopped caving into immediate desires for things, we could save more and abandon the daily grind. Some combine the FIRE movement with environmentalism, arguing that if you buy less stuff you can save money and the planet at the same time. 
I’ve been a heavy phone user for my entire adult life. But sometime last year, I crossed the invisible line into problem territory. My symptoms were all the typical ones: I found myself incapable of reading books, watching full-length movies or having long uninterrupted conversations. 
The first step to dealing with wicked problems in one’s life is recognizing that they exist. Many people prefer to pretend that all wickedness can be removed by some elegant formalization of the problem—and that those who disagree are wrong. 
It’s long been said that failure is an important part of growth — a learning experience that is necessary for continuing to move forward with your practice. This is true, and as an educator I have to constantly make my students appreciate that without the insight of making bad work, they can never make great work.
Recognize that tackling career problems may mean tackling problems in your personal life (and vice versa). For many of us, there are no clear boundaries between our personal and professional lives; pain points in one area affect empowerment in the other. 
Subscribe to our YouTube Channel: I have launched a new YouTube Channel to share big ideas for learning, working and living a better life.

First video: How to Rapidly Improve How You Think

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Until Next Week,
Thomas, Curator at Postanly
P.S It's my 38th birthday on March 12th, and I am given it to Charity: water. We are raising money to fund a water project in a developing country. Change the culture, change the world.
Thanks for your attention. Have an epic weekend!
Thomas · 17 Saxon Rd · London · England · SE25 5EQ · United Kingdom
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