Updated: Nov 9, 2020
Published Date: Sunday, May 12, 2019
Here are this week's chosen learning points:
Career Focus: According to Jim Collins, in our career, we should find our "hedgehog area", which is the intersection of three things: 1. What you're passionate about, 2. What you're naturally talented at, 3. A money-making model. I thought it was a more straightforward version of the Ikigai model. (Source)
Money and Happiness: Those who are happy with their money habits save 20% of their net income. They also spend 10-25% of their net income on personal growth. (Source)
Saving Money: "Do not save what is left after spending. Spend what is left after saving." -Warren Buffet
Here are this week's recommended actions:
Reflect on your hedgehog area and whether your current career trajectory leverages it. If not, reflect on possible career trajectories that do.
Set up a system to automatically save 20% (or whatever you can; the habit is most important) of your net income, such as an automatic monthly transfer from your checking account to your savings account.
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