FVS 49: You Are The Average Of The Five People You Spend The Most Time With
Hi,
Here is your weekly For Value Sake, contributing value to your growth.
A weekly post, it contains a few articles, a book recommendation and a TED talk.
These are the most impressionable resources I consumed during the week, and share them so you can reap some value as I did.
If you haven’t done your 2020 review and 2021 planning yet.
Here are the resources I recommend Tool 1: HIM’s YSheet and Tool 2: Year Compass
A Quote Worth Thinking About
“The people you habitually associate with determine as much as 95 percent of your success or failure in life.”
— Dr. David McClelland
+ Read past editions of For Value Sake: 48, 47, and All,
1. ARTICLES WORTH READING
personal development
I. You Are The Average Of The Five People You Spend The Most Time With
___________
“The dream in your heart may be bigger than the environment in which you find yourself. Sometimes you have to get out of that environment to see that dream fulfilled.”
“It’s a fact of life that some people hold us back, while other propel us forward.”
“The lesson here is to actively construct your social environment.”
“You can accelerate your personal growth in whatever direction you desire by spending time with people who already are who you want to become.”
________
This is the best personal development hack ever!
Just spend your time with people you wanna be like and boom!
You pick up their habits, their attitudes, and their beliefs.
On the flip side if you surround yourself with low-value people you will find yourself becoming like them as well.
So take a step back, think for a minute, who is currently in a career path or role you want to be?
Can you access them? Be creative.
Who has the skill you want to have? Reach out.
As a founder sometimes I look at some later stage founders running billion-dollar companies, because I can’t access them personally right now, I look for content they have created either as books, podcast or videos and I dig in.
wealth development
II. What Is Cryptocurrency? Here’s What You Should Know
___________
“Cryptocurrency is a form of payment that can be exchanged online for goods and services.”
“More than 6,700 different cryptocurrencies are traded publicly, according to CoinMarketCap.com”
“Supporters see cryptocurrencies such as Bitcoin as the currency of the future and are racing to buy them now, presumably before they become more valuable”
“Cryptocurrency is an incredibly speculative and volatile buy.”
___________
Crypto is passing early-stage adoption into a bit of mainstream.
A lot of people became crypto millionaires between Dec 2020 and Jan 2021, due to the rise in the value of crypto assets like Bitcoin and Ethereum.
So I thought it would be valuable to include a light read on crypto here.
If you manage your own investment portfolio then you should have a piece of that dedicated to crypto.
While it’s not yet mainstream, there are indications it has a big part to play in the future of the human race.
So as you think equities as an asset class, think crypto too, maybe allocate small but allocate something.
relationship development
III. The Dating Deadline
“I’m the woman I made fun of in my twenties, early thirties, even.”
“Women in their thirties, especially the busy ones, have to make an effort.”
“When you’re happy by yourself being alone isn’t lonely, it’s a relief.”
“At what point do we sacrifice romance for fertility?”
___________
This is not a regular read.
But I read it and thought it was interesting to share.
The perspectives are slightly American but it’s still slightly relevant.
Does dating have a deadline? Well, It kinda like does… I think
venture development
IV. Notes on 7 Powers
“The 7 Powers are Scale Economies, Network Economies, Counter-Positioning, Switching Costs, Branding, Cornered Resource, and Process Power.”
“Scale Economies: Per unit costs decrease as volume increases”
“Network Effects: The value of a product to a user increases as the number of users increases”
“Counter-positioning: A new company adopts a new business model that incumbents won’t copy because it would hurt their existing business”
___________
This a technical piece, but if you are a founder it will be worth it, then if you are an internet entrepreneur then its a must-read.
A friend recommended it a while back and it has been in my Pocket (Read Later App) until recently.
2. VIDEO WORTH WATCHING (a TED Table talk)
+ Reducing Corruption takes a Specific Type of Investment
“Societies don’t develop because they’ve reduced corruption,” he says. “They’re able to reduce corruption because they’ve developed.”
___________
We typically have this ideology that the reason there isn’t a lot of progress in most of our African societies is because of corruption.
Efosa, a co-author of a great book “The Prosperity Paradox: How Innovation Can Lift Nations Out of Poverty” believes its the other way round.
It’s really a good watch.
3. WHAT I’M READING
In a bold and provocative interpretation of economic history, Matt Ridley, the New York Times-bestselling author of Genome and The Red Queen, makes the case for an economics of hope, arguing that the benefits of commerce, technology, innovation, and change — what Ridley calls cultural evolution — will inevitably increase human prosperity.
___________
One of the best books I started reading in Dec and finished in Jan.
I’m featuring it in this edition but I’ve pretty much gone through some awesome books this year already.
You can check them out here: RECOMMENDED BOOKS — 2021
I published my 30+ reads for 2020 here: RECOMMENDED BOOKS — 2020
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Enjoy the rest of your week!
Mascot
