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Posts Tagged ‘journal’

How to Improve Your Chances for Success in Life

From Stan Hayward on Quora with an answer to “What can I start doing now that will help me a lot in about 5 years?

 

  • Keep a diary
  • Write down the key points of what you did for the day. This may be trivial, but it will show how you spend your day.
  • Write down thoughts you have for doing even simple things like buying something. This will show where your money goes.
  • At the end of every month do a summary of what you have done, and mark out things you have achieved for the month, or failed to achieve. This includes your income, health, buying items, fixing things.
  • Put a value on your time. If you assess your time as being worth $20 an hour then assess everything you do at that rate. So if writing and posting a letter takes half an hour, then it costs $10.
  • Give yourself short term goals. Write down what you hope to achieve in the next month. Then assess how well you did it. If you failed then write down why.
  • You need to plan your personal life like you would plan a company. Put a value on what you do, who you know, how much you pay for anything, and how much your possessions and actions further your goals.
  • Get rid of excess baggage. This covers items you don’t need, habits that are distractions, friends who you will not miss, hobbies that absorb your resources.
  • Mix with people who have similar goals to yourself.
  • Do not assume you will ever have time to do things you can’t do now or soon.
  • Learn the difference between Urgent and Important
  • Don’t rely on others to solve your problems. Try to solve all your own problems even if they can be solved with money or help. Learning how to fix a tap washer may seem needless, but it gives an insight into problem solving.
  • Find out how other people solved their problems or failed to.
  • Take an interest  in people. Success comes from knowing how people work, not how things work.

 

How To Use A Decision Journal

September 2, 2013 Leave a comment

A recent interview with author and Wall Street veteran Michael Mauboussin on the Farnam Street Blog addressed the topic of maintaining a decision journal as a way to evaluate and improve decision making. I’ve recently started journaling, but I’m still figuring out how to make it a productive exercise.

Steve Pavlina offers a very good breakdown in this post.

And here is Michael Mauboussin’s advice on Farnam Street:

“A decision journal is actually very simple to do in principle, but requires some discipline to maintain. The idea is whenever you are making a consequential decision, write down what you decided, why you decided as you did, what you expect to happen, and if you’re so inclined, how you feel mentally and physically. This need not take much time.

The value is that you document your thinking in real time and thus immunize yourself against hindsight bias—the pernicious tendency to think that you knew what was going to happen with more clarity than you actually did. The journal also allows you to audit your decision making process, looking for cases where you may have been right for the wrong reasons or wrong for the right reasons.”

For a great digital journal, I use and recommend the Day One iPhone app.

FULL INTERVIEW: Michael Mauboussin, Interview No. 4 – Farnam Street Blog

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