The World's Best Book Summaries
What role does mindset play in acquiring wealth? How can you overcome your self-sabotaging beliefs about money? According to MJ DeMarco, the state of your finances is determined by the mindset you hold about money. According to him, beliefs about money tend to fall into one of three financial mindsets—consumer, employee, and entrepreneurial. Let’s explore each of DeMarco’s three mindsets in detail.
Will bitcoin ever become the worldwide standard of value exchange? How close are we to bitcoin adoption? At present, bitcoin is a long way from being accepted as an international form of money the way gold was universally accepted as money in the 19th century. Furthermore, bitcoin may never replace money, but it has some characteristics that make it—at least potentially—a better alternative to fiat. Here’s what economist Saifedean Ammous has to say about adopting bitcoin.
Do you struggle to find the time for your family? Why is it important to spend quality time with your loved ones? According to time management expert Laura Vanderkam, you should prioritize spending time with your loved ones by intentionally scheduling it in advance. Unless you schedule dedicated time to your relationships, you’ll likely prioritize more urgent activities and thus only spend your leftover time with your loved ones. Here are some tips on how you can spend more time with your loved ones.
Does bitcoin have the potential to become the new monetary standard? What are the benefits of bitcoin over fiat? According to economist Saifedean Ammous, there are two properties that determine how suitable something is for use as money: ‘salability’ and ‘hardness,’ and bitcoin has both of them. Then there’s the issue of trust in the payer: The form of money can influence the likelihood of a transaction failing due to nonpayment. We’ll discuss each of these factors, in turn, to show why Ammous thinks bitcoin makes good money.
Is your mind overwhelmed by negativity? What can you do to combat the tendency to think in negative terms? The human brain is wired for negativity because it aids survival. However, you have the power to consciously override the negativity bias and train yourself to maintain a positive outlook. With this in mind, here’s how to stop negative self-talk or, at least, not take it seriously.
What is MJ DeMarco’s Unscripted about? What is the key message to take away from the book? In his book Unscripted, MJ DeMarco claims that most people can’t achieve financial success because they have unproductive beliefs about money that dissuade them from pursuing an entrepreneurial path. However, he argues that though these beliefs are pervasive, they’re surmountable. Below is a brief overview of the key takeaways from Unscripted: Life, Liberty, and the Pursuit of Entrepreneurship by MJ DeMarco.
Do you struggle to find the time for quality leisure? How can you create more free time in the day to spend on things you like? Many people struggle to find the time to spend on hobbies and fun activities. According to time management expert Laura Vanderkam, more often than not, the problem isn’t having any free time—it’s not being intentional about how you spend it. With this in mind, here’s how to make the most of your free time.
Can governments control bitcoin? What are some ways governments are currently regulating bitcoin? The bitcoin network is designed in such a way that it’s impossible to control by a single overseeing authority. However, governments can regulate the use of bitcoin. Here’s why bitcoin is beyond government control and how governments can regulate bitcoin.
How do your write an effective to-do list? What tasks should you prioritize when writing a to-do list? Planning for and prioritizing your most important tasks a day in advance helps you start your day with clarity about where to place your efforts. A simple way to do that is to write a to-do list of the most important things you need to do. Here are some tips on how to write a to-do list that you’ll actually stick to.
Are you still trying to find your soulmate? Do you believe that everyone has a soulmate—a person they’re destined to be with? The idea that everyone has a soulmate may feel attractive and reassuring to some people. However, trying to find your soulmate isn’t the most optimal dating strategy. Here’s why the idea of a soulmate is problematic.