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How to live an asymmetric life

by Hubspot Media

My First Million

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My First Million

This episode is titled:

How to live an asymmetric life

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Notable Quotes

"Inaction breeds doubt and fear. So get out and get busy."
"It's not about timing the market. It's about time in the market."
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Episode Summary

In this episode, the host discusses five guaranteed ways to live a miserable life based on observations from successful lives. The first step is to avoid having a best friend, which Aristotle categorized as the most meaningful type of friendship. Closest relationships are linked to long-term happiness, while a plethora of shallow acquaintances won't provide the same support.

The second way to cultivate misery is through indecisiveness. The host shares the story of an experiment where students selecting art became less happy when they had the option to change their choice, highlighting that making a decision often leads to contentment.

Thirdly, not setting goals or tracking progress will also lead to unhappiness. The host emphasizes the importance of specific, measurable goals and shares personal experiences of tracking expenses to achieve financial goals effectively.

The fourth miserable habit is switching pursuits frequently without committing long enough to see results, which is linked to the desire for immediate gratification rather than building towards mastery and success.

Lastly, the host advises against picking individual stocks in investments. Instead, he advocates for investing in index funds for a more stress-free and reliable path to wealth. The episode concludes with a recap of these points, emphasizing the contrast between actions leading to misery and those leading to happiness.

Key Takeaways

  • Valuable friends are essential for happiness.
  • Indecision leads to misery; act decisively.
  • Setting and tracking goals is crucial for success.
  • Commitment to a path is necessary for mastery.
  • Investing in index funds is a wise financial strategy.

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