Money Management

Money management offers a tour of research on the science of spending, explaining how you can get more money.

Information of the Ages

Learn wisdom from extra-ordinary leaders of the ages.

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Do what you do so well that they will want to see it again and bring their friends. Walt Disney

Wednesday

The Definition of Insanity

It’s been said that the definition of insanity is trying the same thing over and over again but expecting a different result. Yet that’s exactly what most people do. They tell themselves: Today, I won’t get angry. Today, I won’t gorge myself. But they don’t actually do anything differently. They try the same routine and hope it will work this time. Hope is not a strategy! Failure is a part of life we have little choice over. Learning from failure, on the other hand, is optional. We have to choose to learn. We must consciously opt to do things differently to tweak and change until we actually get the result we’re after. But that’s hard.

Sticking with the same unsuccessful pattern is easy. It doesn’t take any thought or any additional effort, which is probably why most people do it.
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Monday

Real Good is Simple

Is it that controversial to say that there are the things that people value (and pressure you to value as well)—and there are the things that are actually good? Or to question whether wealth and fame are all they are cracked up to be? As Seneca observed in one of his plays:

“If only the hearts of the wealthy were opened to all!

How great the fears high fortune stirs up within them.”

For centuries, people have assumed that wealth would be a wonderful cure-all for their unhappiness or problems. Why else would they have worked so hard for it? But when people actually acquired the money and status they craved, they discovered it wasn't quite what they had hoped. The same is true of so many things we covet without really thinking.

On the other hand, the “good” that the Stoics advocate is simpler and more straightforward: wisdom, self-control, justice, courage. No one who achieves these quiet virtues experiences buyer’s remorse.
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Sunday

Our Sphere of Impulses

Here we have the emperor, the most powerful man in the world, quoting in his diary the wisdom of a former slave (and from what we know, Marcus might have had direct notes from Epictetus’s lectures via one of his former students). That wisdom was ultimately about surrender and serving the common good—about the limits of our power and the importance of checking our impulses something every person in authority needs to hear.

Power and powerlessness seem so rarely to enter the same orbit—but when they do it can change the world. Think about President Abraham Lincoln meeting with, corresponding with, and learning from Frederick Douglass, another former slave of considerable wisdom and insight.

In any case, all those men lived by the principles expressed here: that in our lives whether we’re experiencing great power or powerlessness it’s critical to leave room for what may happen and keep the common good and the actual worth of things front and center. And, above all, be willing to learn from anyone and everyone, regardless of their station in life.
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Saturday

Don’t Let Your Attention Slide

Winifred Gallagher, in her book Rapt, quotes David Meyer, a cognitive scientist at the University of Michigan: “Einstein didn't invent the theory of relativity while he was multitasking at the Swiss patent office.” It came after, when he really had time to focus and study. Attention matters— and in an era in which our attention is being fought for by every new application, website, article, book, tweet, and post, its value has only gone up.

Part of what Epictetus is saying here is that attention is a habit, and that letting your attention slip and wander builds bad habits and enables mistakes. You’ll never complete all your tasks if you allow yourself to be distracted with every tiny interruption. Your attention is one of your most critical resources. Don’t squander it!
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Friday

The Mind is All Yours

The body can be ravaged by disease or injured or disabled in a sudden accident. It can be imprisoned or subjected to torture. The breath can suddenly cease because our time has come, or because someone has taken it from us. Breathing can grow labored because of exertion or illness as well. But up until the very end, our mind is ours.

It’s not that the other two parts of life that Marcus mentions our body and our breath don’t matter. They’re just less “ours” than our mind. You wouldn’t spend much time fixing up a house that you rent, would you? Our mind is ours—free and clear. Let’s make sure we treat it right.
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Thursday

Turn It Inside Out

Stoicism is about looking at things from every angle—and certain situations are easier to understand from different perspectives. In potentially negative situations, the objective, even superficial gaze might actually be superior. That view might let us see things clearly without diving too much into what they might represent or what might have caused them. In other situations, particularly those that involve something impressive or praiseworthy, another approach, like that of contemptuous expressions, is helpful. By examining situations from the inside out, we can be less daunted by them, less likely to be swayed by them.

Dig into your fear of death or obscurity, and what will you find? Turn some fancy ceremony inside out and you’ll find what?
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Monday

Make Character Your Loudest Statement

The monk dresses in his robes. A priest puts on his collar. A banker wears an expensive suit and carries a briefcase. A Stoic has no uniform and resembles no stereotype. They are not identifiable by look or by sight or by sound.

The only way to recognize them? By their character.
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