Newsletter - Growth Mindset, History, and Personal Finance

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Photo by Florian Klauer on Unsplash

Hello everyone,

I hope you are all doing well. This week I am trying a new format. This email is more of a newsletter than a blog post. I have still published a blog post this week and you can find a description of it and a link in the newsletter below. I am excited to switch things up a little and hope you like it too. Please do give me your thoughts on the new format. Now on to this week's newsletter.

💭Idea From Me

Praising someone for their ability or talent sounds like a nice thing to do, but research from Carol Dweck shows that this will put people in a fixed mindset and this will lead to lower performance in the future. Instead, you should praise people for their effort, this will put them into a growth mindset and allow them to keep improving and getting better. If you want to learn more about growth mindset, you can read this blog post called Navigating Life where I described it in more detail.

🖋Quote of the Week

The Enlightenment writer and philosopher Voltaire on the fact that human nature never changes:

"History never repeats itself; man always does"

🎧Content I Have Enjoyed This Week and Recommend

Twilight of the Aesir from Dan Carlin's Hardcore History. Hardcore History is my favorite history podcast and Dan creates massive podcasts a few times a year where he tells different stories. This episode focused on the history of Vikings in Europe during the early Middle Ages. The podcast is extremely well-researched and you learn a ton listening to it, but more than anything the storytelling is phenomenal! If you want to listen to the episode you can find it here.

✍This Week's Blog Post

This week I wrote a blog post about the book The Psychology of Money by Morgan Housel. Here is my description of the main ideas from the book in 3 sentences.

  1. Reasonable investing might be more effective than rational investing because humans are not rational and our investing strategy should reflect this.
  2. Personal finances are personal, find what works for you and your psychology, and don't worry too much about what others are doing.
  3. Don't let your lifestyle costs run up whenever you get a higher income, instead keep your spending below your income to build wealth.

I hope you enjoy receiving my posts weekly and will like the new format. Have a great week and you will receive another email next Monday!