About focusing on the right things During World War II, the Allies mapped bullet holes in planes that were hit by Nazi fire They sought to strengthen the planes by reinforcing the areas that received more bullets (shown as red dots on the picture) Theoretically, it was a logical deduction. After all, these were the most affected areas But Abraham Wald, a mathematician, came to a different conclusion: the red dots represented only the damage to the planes that were able to come back home According to him, we should reinforce the areas where there were no points, because these are the places where the plane would not survive being hit This phenomenon is called survival deviation It happens when you look at the things that have survived when you should focus on the things that didn't What are you looking at in this crisis? Where are you taking bullets or where should we act?
“The Compound Effect is the principle of reaping huge rewards from a series of small, smart choices. What’s most interesting about this process to me is that, even though the results are massive, the steps, in the moment, don’t feel significant. Whether you’re using this strategy for improving your health, relationships, finances, or anything else for that matter, the changes are so subtle, they’re almost imperceptible. These small changes offer little or no immediate result, no big win, no obvious I-told-you-so payoff. So why bother?”
We’ve noticed a trend in entrepreneurship among retired people looking to devote their newfound free time to a hobby business, or to fund their retirement dreams. We spoke to nine store owners about the benefits and challenges to running a business after 50. The consensus? Years of experience—both life and work—create a great foundation for entrepreneurship. Here are … Continue reading Life Lessons from Entrepreneurs Over 50
This is Billionaire Dan Pena's Ultimate Advice for Students and Young People. Now 73 years old and one of the richest men alive, he has a working class background and failed out of University 3 times before eventually graduating from college and becoming known as the trillion dollar man. https://youtu.be/N6zqatiur3A Transcript Show me your friends … Continue reading Advice from the 50 Billion Dollar Man
If you want to know WHY people fall in, and stay in love… listen closely. Simon Sinek Explains The REAL REASON People Fall and STAY In Love!
You've got big dreams, and goals. you want to become financially free in the next 5 to 10 years, or you want to join the millionaire's club, so how do you go about achieving it? Reading books and executing is one option, here are ten must read books for every aspiring millionaire 1. Principles, by Ray Dalio … Continue reading 10 Must Read Books For Every Aspiring Millionaire
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