A FEW TAKEAWAYS FROM THE BOOK “THE RICHEST MAN IN BABYLON”
Money makes possible the enjoyment of the best the earth affords.
Money is plentiful for those who understand the simple laws which govern its acquisition. Money is governed today by the same laws which controlled it when prosperous men thronged the streets of Babylon, six thousand years ago..
Success means accomplishments as the result of our own efforts and abilities. Proper preparation is the key to our success. Our acts can be no wiser than our thoughts. Our thinking can be no wiser than our understanding.
• It costs nothing to ask wise advice.
• Wealth is a power. With wealth many things are possible.
• As for time, all men have it abundance.
• The wisdom of age is like the fixed stars that shine so unchanged that the sailor may depend upon them to steer his course.
• I found the road to wealth when i decided that a part of all I earned was mine to keep. And so will you.
• You pay to everyone but yourself.
Remarkable book, my takeaways from the book does not even begin to scratch the cover page. It’s a must have book
TAKEAWAYS FROM DRIVE BY Daniel H.Pink
Rewards don’t work. People are more motivated by internal factors than by external drivers. Once basic financial needs are met, people are more motivated by having a desire for Mastery and a sense of Autonomy/self-direction towards a driving Purpose (MAP).
External motivating forces (esp. money) tends to kill intrinsic motivation, leading to reduced levels of motivation.
The 7 deadly flaws of extrinsic motivators:
1) They can foster short-term thinking
2) They can become addictive
3) They can encourage cheating, shortcuts and unethical behaviour
4) They can crowd-out good behaviour
5) They can crush creativity
6) They can diminish performance (esp. long-term)
7) They can extinguish intrinsic motivation
Three laws of Mastery
1) Mastery is a mindset – What people believe shapes what they can achieve.
2) Mastery is painful – It takes ‘grit’ to overcome the inevitable set backs along the way to mastery.
3) Mastery is an asymptote –Total mastery is never fully realized (which keeps people constantly pushing on).
Takeaways from “Smarter Faster Better”
“Productivity put simply, is the name we give our attempts to figure out the best uses of our energy, intellect, and time as we try to seize the most meaningful rewards with the least wasted effort.”
“Motivation is more like a skill, akin to reading or writing, that can be learned and honed.”
“The trick [to motivation], researchers say, is realizing that a prerequisite to motivation is believing we have authority over our actions and surroundings. To motivate ourselves, we must feel like we are in control.”
“When people believe they are in control, they tend to work harder and push themselves more.”
“One way to prove to ourselves that we are in control is by making decisions.”
“The first step in creating drive is giving people opportunities to make choices that provide them with a sense of autonomy and self-determination.”
People have assumed from ancient times about a division in our brain. Namely, a left and a right hemisphere. Modern science has supported a neurological divide although we know that in every activity we engage in both hemispheres cooperate.
Reasoning is also somewhat differentiated between hemispheres. The left side tends to react to things learned in the past, while the right side interprets intuitive knowledge like an angry facial expression, which all cultures inherently know to be negative.
Left-directed thinking has been praised historically
Design provides utility and significance
Storytelling gives more context and meaning to facts
Synergy: The whole is greater than its parts
Empathy, Playfulness, and Meaning