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Kindle Notes & Highlights
by
M.J. DeMarco
Read between
January 3 - July 14, 2022
grimace.
A Downside Asymmetric Risk Event is when your choices have best- and worst-case consequences that are unevenly skewed negatively: minimal upside, colossal downside.
Life as an entrepreneur is filled with risk. The question is, are the chances you’re risking worth the best- and worst-case outcomes?
What kind of probabilitiesS59 and expected valuesS56 are you dealing with?
homicidal
You can’t escape the rat race and Unscript from the world’s economic religionP5 tethered to human liabilities who insist on keeping you in it.
Are the people in your life driving you to mediocrity, or worse, exposing you to DAREs?
sordid
girders
me?” Jeff corrected, “Leased.”
tardiness
petulant
pallor.
Expectancy theory suggests that we’re motivated to act and make decisions based on the expected result of our behavior.
99% MINDSET versus 1% MINDSET
Someday VS. Today Wage or Salary locus VS. Profit locus
Freedom old VS. Freedom young
Better skills = more money VS. Better product = more money
Optimize salary/wage VS. Optimize relative-value
Money is king VS. Tim...
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Time builds wealth VS. Income and asset...
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Symmetric, monomorphic pay VS. Asymmetric, ...
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Resist change VS. Embrace change Luck VS. Probability
The process should be fun VS. The process should be challenging
Identify who you want to be and how it relates to the big goals you cited in your 1/5/10 Planasy.SI-10
Drastic changes in your life start subtly with a shift from a status quo identity to one of growth.
Believe you can escape the rat race. Define a compelling Purpose. Set a Goal that stretches comfort zones.
Shift your Old You identity into a transformative New You identity, and you’ll persevere through anything.
Expectancy theory, which proposes that behavior is based on the expected result of our actions, doesn’t work for dist...
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Don’t be an “aspiring” anything—be it.
towing
polymorphic
Don’t fear closing one part of your life to start a new one.
time favors NOW over LATER, just like money.
Money and free time enjoyed today is far better than ten years from now.
Get Busy Living, or Get Busy Dying
Escape Number = PTEA + Money System + POM
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