From Ramit Sethi's book "I will teach you to be rich" How is weight and health related to money? "In the ten years since I wrote my book, weight and health have become such controversial topics that I was advised to delete my references to them. But after my own...
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“All About Asset Allocation” by Rick Ferri
From Amazon's description: "All About Asset Allocation offers advice that is both prudent and practical--keep it simple, diversify, and above all, keep your expenses low--from an author who both knows how vital asset allocation is to investment success and, most...
Think Again by Adam Grant
From Amazon's Description: "Intelligence is usually seen as the ability to think and learn, but in a rapidly changing world, there's another set of cognitive skills that might matter more: the ability to rethink and unlearn. In our daily lives, too many of us favor...
What are Sonja Lyubomirky’s top tips for Happiness?
From Sonja Lyubomirky’s book “The How of Happiness” Why are we so poor at attaining happiness? "If permanently boosting our happiness is so attainable, so within reach, why, you might ask, are we so poor at it? Why do we try so often and fail? The prime reason, I...
Enshrine your core priorities.
From Chip Heath's book "Decisive" Enshrine your core priorities. "By identifying and enshrining your core priorities, you make it easier to resolve present and future dilemmas." Examples: "Ramirez continued to agonize about the decision until, eventually, she realized...
Create a precommitment contract
From Annie Duke's book "How to Decide" Create a precommitment contract. Precommitment Contract (also known as Ulysses contract)- “An agreement that commits you in advance to take or refrain from certain actions, or raising or lowering barriers to those actions.Such...
The things you think will make you happier, won’t.
From Sonja Lyubomirky’s book “The How of Happiness” The things you think will make you happier, won't. Being Wealthy Won't Make You Much Happier. "Very wealthy people have a great deal more than the average person, but the research shows that they are not much...
Entrepreneurial Delusions
From Daniel Kahneman's book "Thinking Fast and Slow" Entrepreneurial Delusions. "The chances that a small business will survive for five years in the United States are about 35%. But the individuals who open such businesses do not believe that the statistics apply to...
Correcting your Predictions
From "Noise" by Daniel Kahneman Appendix C- Correcting Predictions (p. 360) "We make matching predictions when we rely on the information we have to make a forecast and behave as if this information were perfectly (or very highly) predictive of the outcome." "Recall...
How to invest according to the Bogleheads
From Taylor Larimore's book, "The Bogleheads Guide to Investing" What is the most important key to wealth? "This above all: Saving is the key to wealth. As you will soon learn, the Boglehead approach to investing is easy to understand and easy to do. It’s so simple...