Time assets vs. Time debts.
Time assets are choices that save you time in the future. Think: saying no to a meeting, automating a task, working on something that persists and compounds.
Time debts are choices that must be repaid and cost you time in the future. Think: saying yes to a meeting, doing sloppy work that will need to be revised, etc.
Time assets are an investment. Time debts are an expense.
American author and speaker
James Clear (born 1986) is an American writer and public speaker known for Self-improvement.
Bio from: Wikiquote (CC BY-SA 4.0) · Portrait adapted from: Wikimedia Commons, James Clear (CC BY-SA)
Four questions that can tell you a lot:
1. When you wake up, do you expect today to have many joys or many frustrations?
2. When presented with an opportunity, do you have a bias toward action or do you postpone decisions?
3. When things go well for others, do you enjoy cheering them on or do you hate to hear about their success?
4. When things go wrong, do you believe it is your responsibility to improve the situation or do you blame others?
In some areas of life, your reputation is defined by your wins.
• Creative pursuits. One bestseller or hit song can erase the memory of the ones that didn't work.
• Entrepreneurship. People rarely remember your failed business ideas, only your winning ones.
In areas like these, your mistakes fade away and the breakthroughs last. But in other areas of life, your reputation is defined by your losses.
• Crime. You can drive safely 364 days a year, but one DUI changes everything.
• Ethics and morals. One unethical decision can ruin a reputation and destroy trust.
In areas like these, your mistakes linger and consistency is rewarded.
Some areas of life reward your best day. Others punish your worst day.
Know which situation you're in, and you can better decide when to be risky and when to play it safe.
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Conventional wisdom holds that motivation is the key to habit change. Maybe if you really wanted it, you’d actually do it. But the truth is, our real motivation is to be lazy and to do what is convenient. And despite what the latest productivity best seller will tell you, this is a smart strategy, not a dumb one.
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Focus on whether you are fulfilling your own potential than comparing yourself to someone else. The fact that you have a natural limit to any specific ability has nothing too do with whether you are reaching the ceiling of your capabilities. People get so caught up in the fact that they have limits that they rarely exert the effort required to get close to them.
Genes can not make you successful if you’re not doing the work. Until you work as hard as those you admire, don’t explain away their success as luck.
One of the great balancing acts in life is to be cautious and daring at the same time.
Cautious enough to avoid stupid mistakes, prevent burnout, and maintain a margin of safety.
Daring enough to bet on yourself, to do the things you would regret leaving undone, and to be willing to be uncomfortable in the short term so you can learn and grow in the long term.
Education teaches you to analyze. Entrepreneurship teaches you to create.
The educated mindset is great at dissecting and criticizing. What did Shakespeare mean here? What were the major forces of this historical period? What is the limiting reagent in this chemical reaction?
The entrepreneurial mindset is great at building and improving. Design a better product. Craft a new marketing plan. Stop talking about what's wrong and make something better.
The trick is to keep learning, but to never lose your ability to build.
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