2018년 2월 23일 금요일

Debt & Capital Mindsets

Nick Grossman penned a nice article yesterday that included a novel analysis of procrastination and self-improvement.

Both involve short amounts of time: the former involves the avoidance of something in lieu of some other short-term choice, whilst the latter involves engaging in short, productive acts.

In either case the results are compounding.

Each time you put off doing something it increases the time not spent on the issue. This can go very quickly from minutes to weeks to months and longer not doing something.

As more time goes by the burden of actually engaging with something likewise compounds. By avoiding something you give yourself less time to do it thus compounding the difficulty of doing it as well as the risk of penalty. If the activity involves health or work you are literally endangering your welfare and livelihood.

On the other hand, plugging away at something in short, sustained bursts will ensure that something gets completed or you become better and better at something.

A couple of steps a day can turn into a great separation over time placing you in a much better place. Moreover, if others haven't taken those same steps then you will be in an even better relative position.

So we can say:
Avoidance is a debt frame of mind, whilst habit setting and steady, self-improvement both exemplify a capital frame of mind.

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