Smart People Should Build Things Summary

Smart People Should Build Things SummaryHow to Restore Our Culture of Achievement

Do you know what smart people do?

They build things.

Read on to find out how.

Who Should Read “Smart People Should Build Things” and Why?

Big companies are not the drivers of economic progress. Instead, startups are pushing the world forward.

So, instead of securing a job with many benefits at a big company, smart people should follow another direction: become the innovators of tomorrow.

We recommend “Smart People Should Build Things” to all students who are contemplating about their future career choices, as well as those wanting to know why students want to work in big companies, and how this world can correct this wrong tendency.

About Andrew Yang

Andrew YangAndrew Yang has a background in startups and is the CEO and founder of Venture for America.

“Smart People Should Build Things Summary”

After years of diligent studying, every student has to make a decision about the path they are going to take after finishing their studies.

Where should they head to? Where should they start?

What kind of job should they look for?

Sadly, many colleges nowadays, the elite ones most of all, limit their students’ worldview and position them to look only in one direction: big, professional service companies.

Statistical data shows that most elite school graduates decide to work in finance, law or management consultancy firms.

Why?

Because they believe that these professions will bring them money and prestige – and that is what they are after.

Moreover, elite colleges prepare their students for the hard application process that these companies use to pick their future employees – the application for elite schools is equally as challenging.

Hence, these students do not have a hard time to get a place in their wanted companies, so why shouldn’t they?

Let’s not mention that all of their friends also apply for such jobs, so it is only natural that they do as well.

These companies promise them money, benefits and learning experience that they could get nowhere else.

However, despite the fact that all that we mentioned above sounds like a “dream job,” the reality is that not everyone is ready to work in such a company.

These companies do give some sort of security and benefits, but they do so at a certain price.

Usually, the workload employees have in such companies is immense, and the environment is highly competitive.

As a result, these companies attract a large number of applicants, but the turnover is big as well.

Employees are used to seeing their colleagues come and go, which makes it hard for them to develop lasting friendships, makes them constantly stressed that they will be the ones who go next, and can leave a mark on their wellbeing and happiness.

You might think that if you do not feel good in a good company, you will move to a smaller one, right?

Well, that is not as easy as you might think.

Big companies make their employees used to high salaries and other benefits, which small companies do not offer.

Just imagine the shock one receives after they lose the status that they once had, and has to start anew. Can you think of all the adjustments to the lifestyle he or she has to make?

However, that is not the only problem.

Small companies actually need employees with different approach and skills to their job. They need to get things done and get to actual solutions to their problems.

Professional service firms, on the other hand, practice a more theoretical and analytic approach.

Finally, just like in every other area in life, startups use networking as a primary recruiting source, so they usually just hire people from their own network and do not reach out to big companies.

Why are we telling you all of this?

Because you need to think if you really want to work in a big company in the long term. If you do not see yourself in such an environment, it may be easier for you if you do not get into the “race” at all, and follow a different path.

In fact, we encourage you to take a different approach.

Let’s say: start your own business.

Sadly, being smart and graduating from a good school does not mean that you will be a good businessperson.

Thankfully, you can learn how you can succeed.

What is the process that will inevitably lead you to success?

Well, it all starts with extensive preparation.

First, do thorough market research: know your competitors, know your potential customers, and know their needs.

Next, build your online presence – no company can survive without it in today’s environment.

Finally, get the people close to you excited about your idea, and reach out to investors, co-founders, and staff.

Of course, these are just the preparatory stages.

Building your own business from the ground up is not an easy task, but we assure you, it is worth the effort.

For the detailed approach, read this book and find out why smart people build things, and how they do it successfully.

Key Lessons from “Smart People Should Build Things”

1.      Most Graduates Choose their Careers for the Wrong Reasons
2.      Big Firms Imprison Elite College Graduates
3.      Big Companies are Not That Beneficial to the Economy

Most Graduates Choose their Careers for the Wrong Reasons

Only a small percentage of the elite college applicants get into their schools of choice.

Sadly, the lucky few choose their careers for the wrong reasons. Most students follow a direction in which they believe money and status await.

Big Firms Imprison Elite College Graduates

The firms everyone wants to get into, pressure college graduates to either progress and get promoted, or leave the firm.

However, it is too hard to leave these companies, since they offer all the benefits anyone could ask for.

So, what is left for employees is to work night and day and try to stay “alive” another year, and then another, and then another.

Big Companies are Not That Beneficial to the Economy

Contrary to what you may believe big companies are not the central pillar of a healthy economy. If you want to know who drives the economy forward, startups are your answer.

The problem is that big companies take up a significant market share and do not allow for many startups to develop.

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“Smart People Should Build Things” Quotes

It wasn’t until I got to the law firm that things started hitting me. Click To Tweet It seemed kind of ridiculous to me; what the heck had I done to deserve that kind of money? As you can tell, not a whole lot… Most worrisome of all, my brain started to rewire itself after only the first few months. I was adapting. Click To Tweet Organizations give rise to other organizations like themselves. Click To Tweet I wanted a position that required broad management in a growth enterprise that was doing something I could get excited about. I wanted to be an owner and to be committed to helping a team achieve its goals. Click To Tweet Basically, I wanted to build something. Click To Tweet

Our Critical Review

An excellent book that will help everyone understand the job market reality and make better career choices for the right reasons.

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Startup Growth Engines Summary

Startup Growth Engines SummaryCase Studies of How Today’s Most Successful Startups Unlock Extraordinary Growth

The best way to learn is to look at the success stories and find the things they have in common.

This is exactly what we do in the text below.

Who Should Read “Startup Growth Engines” and Why?

We have all heard about those companies that became world-known names overnight.

“Startup Growth Engines” considers these companies and explores the things they have in common: using growth hacking.

If you want to succeed in the modern marketplace, learn how to use different growth techniques and business models, as well as get better at creating viral marketing campaigns, then this is the book you should pick up from the shelf.

About Sean Ellis & Morgan Brown

Sean EllisSean Ellis is an investor and entrepreneur with a rich knowledge and experience in start-ups. He frequently publishes with The Wall Street Journal and Entrepreneur Magazine.

Morgan BrownMorgan Brown is a digital marketing specialist.

“Startup Growth Engines Summary”

Most of you who are now reading this summary, have heard about the Silicon Valley and the many successful startups it is home to.

However, you might not know how successful actually these companies are.

If you look at the figures, you will be truly amazed!

In just a short period, Silicon Valley startups attract millions of customers and generate billions of dollars profit.

The growth of these companies cannot be compared to the traditional economy – it is much faster.

In fact, these companies purposely avoid traditional marketing techniques and use what is now known as growth hacking.

Growth hacking focuses on maximizing growth and can be used in any sector.

Do not confuse it with formula, since there is not one single “right” way for successful growth hacking.

What it does it combining multiple factors (statistics, data and a whole ton of creativity) that assure attracting new customers, retaining them, and generating revenue through them.

But where do you begin?

You will not be surprised by the answer  – you have heard it many times before: you begin with a problem.

One thing about businesses never changes, at it never will: a business solve a problem the customers are having, thus offering them value.

But, how do you find the problem that is worth building a business around?

You do not have to think too wide, just observe your environment.

Look at your own life, and at the life of your friends. Notice the common problems you run into.

Even mundane issues are a good basis for business, since probably everyone has them, and the best kind of issues for building a business are those that affect a wide range of people.

Another strong point of looking for a problem in your closest surrounding or your own experience is that you will have the chance to be your own first “customer.”

In other words, you will be able to test and evaluate your product or service and see if it meets all of the customer expectations.

Once you are past the stage of finding a problem, you need to develop a slow and steady growth strategy.

Do not make a mistake many people that get passionate about their ideas do and want to start big immediately.

Instead, start slow, from your surroundings, just as you did when you were looking for your idea.

Then, you will steadily stretch to new markets.

Why is this important?

Because when you focus all your effort in satisfying the customers in one specific niche market, you will be able to gain positive momentum by building a good word-of-mouth reputation for your business.

A focused effort is the best way to succeed.

Usually, when companies start, they use a few models that seem to work for them.

First, you can try out the freemium model, which is actually offering a no-cost service, that will turn into revenue.

In other words, you offer your customers a free “taste” of your product and give them an option for an upgraded version for a fee.

Another thing you can do is to offer free content to the public to generate revenue.

Through this approach, you will be able to gather information about your customers and keep their attention for when they are ready to pay for your services.

Of course, these approaches will not work for everyone and come with a risk which we will cover in one of the key lessons below.

Key Lessons from “Startup Growth Engines”

1.      Start Big and Small at the Same Time
2.      The Freemium Model Comes with Risks
3.      Offer a Free Tool to Get People’s Attention

Start Big and Small at the Same Time

Do not get too excited by your ideas, and do not let your passion blind you. Starting too big is not a good way to start. Instead, opt for a narrow market niche and a significant market share in it.

That way you will secure generating good word of mouth in your local environment that will lay out the groundwork for your future growth.

The Freemium Model Comes with Risks

Many companies use the freemium model, and you can experiment with it, but it is vital that you remember that the whole purpose of giving things for free, is making people want to upgrade and pay for the premium version.

The product that you offer for free should be easy to use and learn in a short time since people will not invest too much time and effort into something they did not pay for.

If you are not sure that customers will be interested in getting more from you, then this model will not work for you.

Offer a Free Tool to Get People’s Attention

Another thing you can do is to offer a free tool that will answer some of your customer’s problems.

Again, do not forget that although you will get noticed by doing this and you will have the opportunity to gather information about your customers, the purpose of giving away free stuff is to make revenue later on.

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“Startup Growth Engines” Quotes

If you take the lowest common denominator approach using cross-platform stuff, you by definition create something that’s average. Click To Tweet Growth is not just a concern of sales and marketing, but of product, engineering and support too. It is this organization-wide commitment to growth that ultimately sets these companies apart. Click To Tweet Uber has taken what could be seen as a massive business hurdle—litigation—and turned it into an asset that drives growth. Click To Tweet Growth hacking is not anti-marketing, it is the evolution of marketing, it is pro-growth. Click To Tweet We’ve learned it’s much better to ship it now and fix it later, once you can see how people are using it, than it is to let it linger in development forever. Just ship it. Click To Tweet

Our Critical Review

This is a great book for those who already have a product or service that they would like to offer to potential customers.

Those that have not found a problem they can solve just yet maybe should postpone the reading of this book for when they do.

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How Not to Be Wrong Summary

How Not to Be Wrong SummaryThe Power of Mathematical Thinking

What if someone came to you right now and told you that you are a mathematician by design? And what if that someone claims that by learning few more tricks from his book, you can at least learn how to be tricked less by the Greatest Mathematician of All, Life.

Jordan Ellenberg is the someone from the previous paragraph. And you can read all about the aforementioned tricks he knows in our “How Not to Be Wrong” summary.

Who Should Read “How Not to Be Wrong”? And Why?

Mathematics doesn’t need to be all equations and no language. Jordan Ellenberg proves that it can be the other way around. So, you don’t need to be interested in math or logic to read this book. All you need to be interested in is common sense.

Because “How Not to Be Wrong” aims to teach you that what you find in math schoolbooks is actually common sense neatly broken down into comprehensible mathematical symbols. Ellenberg translates them into examples so that you can understand them better.

About Jordan Ellenberg

Jordan EllenbergJordan Ellenberg is a professor of mathematics at the University of Wisconsin-Madison.

A child prodigy, he has received a Ph.D. from Harvard University and an MFA in creative writing from Johns Hopkins. He is a regular columnist for “Slate” and has written few interesting articles for “New York Times” and the “Wall Street Journal.”

In addition to “How Not to Be Wrong,” Ellenberg has also authored a novel, “The Grasshopper King.”

“How Not to Be Wrong Summary”

Let’s just say that we’re targeting most of our readers if we start our summary with a sentence along these lines:

You don’t like math, do you?

And you are reasonably sure that it has no practical value whatsoever?

Don’t try to prove me wrong on the latter one, you warn us, because I know that even a genius mathematician of Richard Feynman’s stature felt that math was a bit abstract to his taste!

OK – we dig you! It’s not like we solve equations in our free time. And no – we don’t have a T-shirt with an Euler’s identity print! (Though, man, they sure look funny…) However, Jordan Ellenberg really convinced us that math is not a throwaway matter. So, at least give him – and us – a chance! Because we will try to prove you wrong.

Firstly, by claiming that you already know a lot more math than you care to admit (or are aware of, for that matter); and secondly, by demonstrating you that if you learn a bit more, you can basically cheat your way through life.

But, first thing’s first: you, the unconscious mathematician.

Now, Jordan Ellenberg has a funny way of describing math, and his definition is a good way to start. Namely, he claims that math is “the science of not being wrong.” A bit pretentious, you think? Maybe, but like almost everything else in math – not wrong.

You see, after Einstein, we started questioning even physics, and everything suddenly was much more relative than before. Math survived through this as well, as basically the only exact science of them all.

Speaking of surviving – here’s an excellent way to demonstrate to you how its exactness works. And how it’s not a purely mathematical matter, but common-sensical as well.

At one point during the Second World War, the U.S. Army intended to protect its planes better. In order to decide where the manufacturers should add more armor – they couldn’t add everywhere since that would have caused more fuel consumption – they examined thoroughly the damages on all of the returned planes.

The result?

As you can see yourself from Louie Zamperini’s plane, it was the fuselage which suffered the most, having far more bullet holes than the planes’ engines. After the study, the U.S. Airforce decided to reinforce the fuselage; and it would have done exactly that, if a mathematician by the name of Abraham Wald hadn’t realized that the seemingly straightforward study was flawed.

Namely, it didn’t take into account the bombers which were shut down. Those, Wald claimed, were surely hit much more in their engines.

The U.S. Airforce made a logical error we now call survivorship bias. In a nutshell: focusing merely on the things that have survived a process gives incomplete results.

Yes, this is math too. And, as you can see, it can save numerous lives. Not to mention some serious blushes.

And you know – and readily use ­– few similar techniques to tackle everyday issues. Or, unfortunately (if you don’t know them), you risk being tackled by them. Or, to use Taleb’s phrase, your risk being “fooled by randomness.”

For example, do you know that acting upon advices in books written by successful investors makes you a victim of the survivorship bias explained above? After all, there are many others who failed to get rich at the market, and you don’t know any of those guys! Who knows how many of them are in the world right now! Just like the World War II planes, Warren Buffett and Charlie Munger may be the exceptions.

Also, are you aware that the only thing a monkey needs to write the complete works of Shakespeare is a typewriter and infinite time? Just as well, many other things create patterns through sheer noise. Believing in conspiracy theories, for example, may mean finding something which is there merely because you are a human and you’re built to see patterns even where there are none.

Finally, do you know that even a majority vote can be rigged if your agenda maker is savvy enough? It’s called the Condorcet paradox, and you may have been a victim of it once or twice.

Especially if you were living in Florida in 2000 and voted for Ralph Nader.

Still not interested in math problems?

Key Lessons from “How Not to Be Wrong”

1.      Math Is the Science of Not Being Wrong
2.      Be Wary of the Survivorship Bias – Especially When You’re Reading Books
3.      You Can Rig Elections and Majority Votes

Math Is the Science of Not Being Wrong

Jordan Ellenberg has a funny way to define math. He claims that it is the science of not being wrong.

You may notice that he doesn’t mention where – it’s just not being wrong, period.

And he has a right to say that since math is basically never wrong. What it actually deals with is the underlying laws and patterns which govern the chaos around us. In other words, if you’ve ever argued against your friend’s claim that Steph Curry had a hot hand that February night against the Knicks back in 2013 – you’ve actually practiced math.

Because, as far as mathematicians are concerned, there’s no such thing as hot hands in basketball – or anywhere else. It’s just a case of taking into consideration fewer factors than you should. Or, in layman’s terms, a case of being wrong.

Be Wary of the Survivorship Bias – Especially When You’re Reading Books

Math problems have many practical applications. One of the most famous examples is the survivorship bias. It means that studies often focus only on the people or things which have survived through a process. And the survivors don’t necessarily describe the process in its entirety.

What does this mean in practice?

It means that thousands of people have tried becoming investment gurus using Warren Buffett’s strategies, but most of them probably failed. However, their failures are invisible to us, since these guys are not on TV and their books don’t sell a million copies.

The conclusion?

Warren Buffett’s strategy may be a good one – but he may have been merely lucky.

You Can Rig Elections and Majority Votes

This one’s scary!

With enough info, mathematicians are capable of creating a scenario where you’ll be voting for something entirely different from what you actually defend or are firmly against. Moreover, sometimes you can be tricked into voting for the exact same thing you would least want to vote for.

How?

Consider the 2000 Florida elections. The final results stated that Bush won 48.85 percent of the votes, Al Gore 48.84 percent (just 537 votes fewer) and Ralph Nader merely 1.6 percent. Common sense says – well, the majority won.

However, math says that that’s wrong. Because almost all of the people who voted Nader would have chosen Al Gore if there were only two candidates. So, Bush won even though between him and the second-best candidate, the majority preferred the latter.

Strange?

Try some counter-intuitive paradoxes such as the Monty Hall problem! The best part is that it doesn’t matter what you or anybody else thinks. What matters is that math can’t be wrong.

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“How Not to Be Wrong” Quotes

I think we need more math majors who don't become mathematicians. More math major doctors, more math major high school teachers, more math major CEOs, more math major senators. Click To Tweet A basic rule of mathematical life: if the universe hands you a hard problem, try to solve an easier one instead, and hope the simple version is close enough to the original problem that the universe doesn’t object. Click To Tweet Knowing mathematics is like wearing a pair of X-ray specs that reveal hidden structures underneath the messy and chaotic surface of the world. Click To Tweet Dividing one number by another is mere computation; knowing what to divide by what is mathematics. Click To Tweet The Pythagoreans, you have to remember, were extremely weird. Their philosophy was a chunky stew of things we’d now call mathematics, things we’d now call religion, and things we’d now call mental illness. Click To Tweet

Our Critical Review

“How Not to Be Wrong” is one of the very few books written by an accomplished mathematician who happens to be a novelist as well. So, in other words, here’s math for you – explained in the best, writerly manner possible.

And when that happens, math can be a magical thing. There’s a reason why Bill Gates included “How Not to Be Wrong” in his 2016 “5 Books to Read This Summer” list. It is, simply put, a great, great book.

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Hardwiring Happiness Summary

Hardwiring Happiness SummaryThe New Brain Science of Contentment, Calm, and Confidence

What if you were not meant to be happy? What if your brain was programmed by evolution to be sad so that you have a better chance to survive the jungle of modernity?

Rick Hanson says: well, then we’ll just reprogram your brain. And our “Hardwiring Happiness” Summary features both his theories and his practical tips and tricks.

Who Should Read “Hardwiring Happiness”? And Why?

Most people see the glass as half empty – even when it’s full.

Why?

Because we’re all alike: we tend to focus on the negative. Neuroscience students can read “Hardwiring Happiness” to find out why. Regular folks should read it to find out how they can counter it. The optimists and the overall happy few out there – don’t really need any of our advice.

About Rick Hanson

Rick HansonRick Hanson, Ph.D., is an American psychologist and a New York Times bestselling author. He graduated summa cum laude from UCLA, and he is currently a regular speaker at few major universities and NASA. He is also a senior fellow of the Greater Good Science Center at University of California, Berkeley.

Hanson’s books have sold millions of copies and have been translated into more than thirty languages. In addition to “Hardwiring Happiness,” he is also the author of “Buddha’s Brain” and “The Neurodharma of Love.”

You can read more at http://www.rickhanson.net/.

“Hardwiring Happiness Summary”

Have you ever noticed how difficult it is to spend a whole day without having at least one negative thought?

No? Really?!

Well, then, probably you have what scientists unscientifically call “the happy amygdala.” In other words, that part of your brain which deals with emotional responses and decision-making processes is practically hardwired to focus on the good stuff.

Your computer breaks down while you’re working on your thesis and you lose a couple of hundred pages – hell, you say, repetition is the mother of learning! Your team loses in the NBA final after its opponents’ superstar drains a half-court shot in the last second – that was a great shot, you exclaim! And you are not even wondering whether a glass is half full or half empty! To you, the most important thing is that any glass is always fillable.

Needless to add, if you have a “happy amygdala,” you don’t need “Hardwiring Happiness”; you have biology on your side, and no book would ever beat that.

However – and unfortunately – most people have a “sad amygdala.” Which isn’t too kind to our bodies, releasing cortisol and adrenaline and other unhappy chemicals presumably at will. If you’re feeling anxious and edgy, well, take a number: you are just one among billions of unfortunate people hoodwinked by evolution.

And you do need “Hardwiring Happiness” to make things better.

Because, the good news is, your brain develops with every passing year – and you can steer its development in the direction you want the most. Biology and your early life didn’t result in your amygdala stimulating the nucleus accumbens?

Well, why don’t you start learning how you can do it yourself?

Take a lesson from the London cab drivers. According to a 2000 study by Eleanor Maguire, most of them have an overdeveloped area in their hippocampus. You’ve guessed it – it is the one most related to spatial memory.

So, the reason they remember streets much better than you is simple: they have unconsciously trained that part of the brain for years and years. What do you think will happen with your abs if you made at least a hundred sit-ups day in day out for twenty years straight?

Well, the same is true for your brain as well!

Then, why are so many people so sad and stressed out nowadays? How did they all manage to train their brains in such a misguided manner?

Once again, it’s got a lot to do with evolution. We – and we can’t overemphasize this fact – are the last in a long line of survivors. Basically, we are here because our ancestors were stressed out of their socks! And because if they hadn’t consistently focused on the bad stuff, they might have gotten the dirty end of evolution’s stick.

In other words, it wasn’t a good idea to be relaxed if there was a saber-toothed tiger in the cave a hundred meters away from you and your family! It was much better to be stirred up by even the slightest rustling of a leaf.

The problem?

Even though the danger is no more a tiger, but a deadline – your reaction has remained basically the same. That’s right: you are overreacting. By definition.

So what should you do to face this and put an end to your evolution-based inherent negativity bias?

What else: counter it with positivity. A lot and lot of positivity. As powerful as it is, “positive thinking is very superficial,” says Rick Hanson. You need to “take in the good,” that is internalize it deliberately in your implicit memory.

Really – almost anything will do. A nice dinner, a walk in the park, a discussion with a friend, a memory Experience it once again with all your senses. Savor it. Think about it every time you’re feeling bad.

Let’s just say that a few years from now, your amygdala will have a lot to thank you for.

Key Lessons from “Hardwiring Happiness”

1.      It’s Not You: It’s Your Amygdala Which Is Sad
2.      Internalize Positivity and Counter Your Negativity Bias
3.      Take in the Good and Transform Your States into Traits

It’s Not You: It’s Your Amygdala Which Is Sad

It seems that at least few modern scientists believe that your sadness isn’t psychological, but biological. Namely, the amygdala – the part of your brain which deals with emotional responses, decision-making, and memory processing – has been trained by evolution to be negatively biased.

In other words: it stimulates you to think of the worst. That way, the worst can’t surprise you. This worked well in the early days of the homo sapiens when there were a lot of bad things that could happen to our ancestors basically each and every day. However, it doesn’t work well now when the worst thing that could happen to you is not anymore an attack by a mammoth, but a missed deadline.

The problem is that you and your Neanderthal great-great-great-granddaddy (yes – we know that we need to include few more of those “greats”…) are reacting in exactly the same way.

Who would have thought: you may be sad by design!

Internalize Positivity and Counter Your Negativity Bias

Let’s face it – it’s not a good thing to learn that evolution built you sad. And we don’t need scientists who tell us that, right? We may have been better off without knowing this.

Well, Rick Hanson doesn’t think that way. In fact, he claims that once we learn this, we can finally start being happy. Because we just need to retrain our brain.

And the best way to counter the negativity bias we’ve inherited from our distant ancestors?

Happy thoughts. And not just positive thinking – Hanson says it’s too superficial. You need to act much more profoundly and internalize the positive thinking, transforming it into an inherent part of your memory.

How?

Just remember this acronym and stick blindly to it: HEAL. It stands for: having positive experiences; then enriching them; next absorbing them; and, finally, linking them with the negative material so that you can overwrite the latter.

Take in the Good and Transform Your States into Traits

What we just described above is Hanson’s elaboration on the idea of “taking in the good.”

Its central element is actually quite simple: take some time to enjoy the happy moments of your life. Experience them. Savor them. Don’t let them pass by you just because that’s in their nature.

Remember: your goal is to transform these “fleeting mental events to lasting neural structure;” or, in layman’s terms, to go from the few brief happy states of your existence into permanent traits of your character.

It takes a lot of work to do this. But, you can do it.

After all, it’s your happiness we’re talking about.

Like this summary? We’d like to invite you to download our free 12 min app, for more amazing summaries and audiobooks.

“Hardwiring Happiness” Quotes

By taking just a few extra seconds to stay with a positive experience—even the comfort in a single breath—you’ll help turn a passing mental state into lasting neural structure. Click To Tweet Neurons that fire together wire together. Mental states become neural traits. Day after day, your mind is building your brain. This is what scientists call experience-dependent neuroplasticity. Click To Tweet The brain is good at learning from bad experiences, but bad at learning from good ones. Click To Tweet Mammals, including us, become friendly, playful, curious, and creative when they feel safe, satisfied, and connected. Click To Tweet Even if you, like me, have done things worthy of remorse, they do not wipe out your good qualities; you are still a fundamentally good person. Click To Tweet

Our Critical Review

After remarking that “if we understand the brain a little, we can take care of our lives a lot,” Mark Hanson, a Professor at the University of Oxford, wrote that “Hardwiring Happiness” is “a book to savor, to practice, and to take to heart.”

And, obviously, a lot is happening here: few interesting scientific theories, some even more fascinating studies, and numerous practical advices which may make a real difference to your wellbeing. However, the book feels a bit repetitive, and we feel that we agree completely with one Amazon reviewer who describes it succinctly as “40 pages of good info stretched out to 300.”

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The Power of Starting Something Stupid Summary

The Power of Starting Something Stupid SummaryHow to Crush Fear, Make Dreams Happen, and Live Without Regret

Sometimes the sense of fear can overwhelm us, but not even that can be an alibi for not taking action.

You no longer need to bite your fingernails, stay with us and learn how to make your knowledge count.

We summarize the fundamental details of Norton’s vision which explain the path to success.

Who Should Read “The Power of Starting Something Stupid”? And Why?

Honestly, not many people dare to follow their dreams.

Even though it sounds a bit cliché, it is an unavoidable reality we all live in.

The Power of Starting Something Stupid” is a book that breaks all the chains and prompts a new attitude that will help you to trust in your “stupidity.”

We recommend it to all people, due to its broad use.

About Richie Norton

Richie NortonRichie Norton is renowned for his ability to conduct comprehensive research in the realm of entrepreneurship and find the gaps that are causing trouble.

He is the owner of a blog called Start Staff, and the author of the bestseller Resumes are Dead and What To Do About It.

“The Power of Starting Something Stupid Summary”

Are you one of those who abandoned its idea because of other people’s opinions? Don’t let your dream disappear and your hopes vanish due to lack of self-esteem.

A “stupid” plan or incentive can make you wealthy, so allowing others to affect your decision-making is something you wouldn’t want to embrace.    

When you become an old man/woman, how would you turn back and see that you discarded the thing that could have been the start of something big? You could have been the star of the night!

Let’s create a situation: you’ve got your Eureka Moment, and out of sheer curiosity and passion, you share it with your friends, only to find out that they are not really supportive.

Comments such as “it’s stupid,” “no one needs that” “don’t fool around” derive from disappointing life, and they are subtly sucking you in!

What’s even more surprising – the wealthiest people launched their “stupid” idea, despite all the warnings, and made a fortune.

This seemingly silly concept brought many innovations to the top of worldly influence and domination – so, think twice before you give up on your “craziness.”

Find that courage to follow your intuition and rely on your instincts. Out of those who do graduate with flying colors, only a small percentage is aware that good grades are not the embodiment of success.

As much as we want to be labeled as successful, you cannot sidestep any stage.

You’ll need strong determination in order to take the hits placed down the road leading to ultimate prosperity.

Sadly, we always find an excuse to justify our incompetence and lack of conviction in the vision. What’s even more misleading is people’s idea of a perfect life.

So, the idea of firstly becoming rich and then enjoying life with all its pleasures is not a very convenient strategy for the wise ones.

Imagine yourself living in a small house, 50 years from now, and recalling all those things you could have done differently. Is there anything more painful than that?

The pain of regret is far greater than the one triggered by failure.  

You don’t need us reminding you of the bridge an “unknown” person named Jeff Bezos had to cross to indulge in success.

As he explains, a simple mantra allowed him to understand the big picture and leave the Wall Street job in order to embark on a new adventure.

Don’t be afraid to question the inventiveness of others and go beyond the borderline! Investigate your ideas daily, find a way to improve your service and hope for a masterpiece to kick in!!

How to cross the self-imposed restrictions? Successful innovation can be best described as a process that broke the boundaries of an old standard.

This novelty is continuously challenged by brand-new “stupid” ideas, which by all means, stimulate economic expansion.

One can never be too sure of its possibilities, and the risk of failure is an unpleasant but a realistic scenario. How to avoid it?

Have you heard that attack is the best form of defense? Courage and eagerness to crush all signs of failure should be your first step!

How to be all “Tom Cruise”?

From very young age, we’ve developed a habit of procrastinating, and most people are not capable of finally putting an end to that! So, what can be done?

  • First and foremost, if you are stuck in a busy trap don’t try to find more free time by sleeping less or do something in-between other commitments. Simply, cancel everything that is irrelevant.
  • Secondly, don’t make it harder on yourself, just cut off all those meaningless tasks that are producing little or no results at all.

So, should you ask for professional assistance or go on your own from start to finish? – Don’t forget that people with the necessary expertise can make things a lot easier.

Once the safety net is torn apart, there’s not much that can be done at that point.

Therefore, build a network or base of individuals who possess the know-how and are passionate about your intentions.

Give them the freedom to express themselves, and they’ll repay with sweat and ingenuity to an unmeasurable extent.

The bottom line is, one must stop finding excuses and start chasing its dreams with no intention of stopping.

Key Lessons from “The Power of Starting Something Stupid

1.      Trust in your co-workers, make them feel valuable
2.      Find support and professional help
3.      Discover your real fears and incentives

Trust in your co-workers, make them feel valuable

Throughout history and even today people were driven by an idea, and if that vision applies to their mindset, they will undoubtedly be on their best behavior and act correctly.

The power of trust can trigger a new set of productivity that can ever surpass the defined expectations.

Find support and professional help

One way to do it is by approaching a person who can provide guidance in times of crisis.

How to do it? – You want to borrow some money to invest in your business, but you lack the funds, and you need to find a group of investors.

Find the one who has already been in a similar position and ask for directions.

Discover your real fears and incentives

Set a reminder to tell you what is hiding behind your actions.

Don’t forget to meditate, keep your mind calm and sharp so that new energy can burst in and fill the air with hope.

Control your fears by conducting an in-depth preparation for what is to come.

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“The Power of Starting Something Stupid” Quotes

Opportunities will come and go, but if you do nothing about them, so will you. Click To Tweet Your life should consist of more than commuting, working, eating, surfing the Internet, sleeping and watching TV. Your life should be filled with purpose-driven experiences and projects that bring excitement, passion, energy, and… Click To Tweet To crush fear doesn't mean you eliminate it; crushing fear means you literally crush it down into smaller, more manageable parts and tackle one piece at a time. Click To Tweet It all starts with a tiny, stupid idea, then one thing leads to another, and suddenly, you find something amazing: yourself. Click To Tweet Don't allow life to pass you by because you are afraid of looking stupid. Click To Tweet

Our Critical Review

We want to remain impartial, and we’ll continue to follow the same practice.

This book has made us believe in ourselves and showed us that every journey starts with a stupid idea.

It may sound silly, but that’s how it is. We encourage to apply Norton’s tips and enjoy life without regret.

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Side Hustle Summary

Side Hustle SummaryFrom Idea to Income in 27 Days 

Do you have an idea that you think you can turn into a profit, and you are wondering if you should quit your current career and become an entrepreneur?

Wait. Do not quit your job just yet – there is a possibility to have the best of both worlds!

Who Should Read “Side Hustle” and Why?

“Side Hustle” is a guide that explains how anyone can create a side project that will serve as an extra source of income, without losing the stability and perks that come with holding onto your day job.

We recommend it to everyone who wants to have a taste of entrepreneurship, without bearing too much risk.

About Chris Guillebeau

Chris GuillebeauChris Guillebeau is a bestselling author, a regular contributor to Business Week, CNN.com, and the Huffington Post, and an expert on international travel and creative self-employment.

He recently managed to accomplish his dream of visiting every country on the planet.

“Side Hustle Summary”

We will not even ask you how many times you have wished to quit your job and become your own boss.

We will also not ask you how many times you have heard such advice or stumbled upon motivational articles urging you to do that since we are sure that there have been many such instances.

However, following such thoughts comes with a risk, and you know it.

In reality, not everyone can handle risk and be a successful boss.

Yet, it is important to try.

So, what can you do?

Well, you can have the best of both worlds by becoming a side hustler!

Yes, you have heard us, you can satisfy your entrepreneurial urge while at the same time keeping the benefits of a safe and steady job.

But first, let’s define what we mean by “side hustle.”

A side hustle is a profitable business venture, which you operate part-time, as a complement to your other paid job.

A side hustle does not require much time or energy invested in it – only the bare minimum.

Side hustles are great, since they provide extra security, by letting you harvest income from several different sources.

We are all aware that the days of holding one job for a whole lifetime are long gone, and that extra security is what everyone needs.

A side hustle can also make it easier for you when you decide to change jobs, or even if you want to rest.

Why are side hustles so good?

Because you can get a taste of what it looks like being an entrepreneur, while not bearing the risks that come with starting your own business without any security.

Also, side hustles are jobs which are very easy to do and hence very easy to start.

But what exactly can be a good side hustle?

Well, all hustle worthy ideas that you should take into consideration should be feasible, persuasive and profitable.

Once you do find such an idea, calculate your projected profit by employing the following formula: “anticipated income minus anticipated expenses.”

In other words, to be sure that your hustle is profitable, your expenses need to be lower than the money you bring in.

Once you are sure your idea will make you money, it is time you pitch it.

You do this by making a promise to your customers that you will in some way contribute to changing their life.

Be bold when you make such statements, create a sense of urgency, and employ a call to action.

A good technique for creating a sense of urgency is using the red color, which is usually mentally linked to deadlines and countdowns.

Also use words such as “today” or “now.”

We live in a wired world, and in order to be successful, you will first need a website and a social media profile.

Be careful not to spread on too many social media platforms since it can be a daunting task.

Instead, limit the number to two or three.

Also, think about a scheduling tool, which will save you time, a factor that is crucial when it comes to side hustles.

Finally, set up a payment system before you launch.

Once you do all of the above, you need to start increasing your value in order to generate more money.

You can create value by anticipating your customer’s needs and responding to them.

Lastly, as your side hustle gets more successful, do not be afraid to raise the prices. The more reliable your business proves, the more you should charge.

That is why you should regularly raise the prices you charge, as well as the value you offer.

Remember, since you are starting without much risk, the only way you can go is up.

Key Lessons from “Side Hustle”

1.      Criteria to Check for When Evaluating Your Side Hustle
2.      Transform Your Idea Into A Pitch
3.      Side Hustle’s Basic Requirements

Criteria to Check for When Evaluating Your Side Hustle

When you are evaluating your side hustle, you need to ask yourself three questions.

First, is your idea feasible? If it is, move on to defining if it is profitable. In other words, you have to make sure that your idea brings in more money than you spend. Finally evaluate if it is persuasive, or if customers would like to have it no matter what.

Transform Your Idea Into A Pitch

When you pitch your idea, it is essential that you promise some kind of value to your customers and create a sense of urgency. Include a call to action as well and clearly state the price.

Side Hustle’s Basic Requirements

In order to make your side hustle work for you-you have to have four basic items up to your sleeve: a website, a social media profile, a scheduling tool and a payment system.

After you have set this up, you can start making money immediately.

Like this summary? We’d Like to invite you to download our free 12 min app, for more amazing summaries and audiobooks.

Our Critical Review

This is yet another of Chris’s helpful manuals that will show you exactly how you can turn your small idea into a profitable extra source of income.

It is a book that even total beginners in this area can follow easily, and the fact that you can immediately start practicing the advice it gives you makes its value immeasurable.

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The Personal MBA Summary

The Personal MBA SummaryMaster the Art of Business

Running a business has always been the most intriguing part of one’s professional enhancement and development.

However, not all companies reach the climax stage.

At this moment, we take into account many elements that may improve or reduce your chances of making your business work in the long run.

Who Should Read “The Personal MBA”? And Why?

The Personal MBA” is indeed a breathtaking book that is filled with tips and suggestions for those willing to manage or operate with different resources.

Don’t hesitate to take your entrepreneurial skills to the next level and learn more from experienced and successful business people.

About Josh Kaufman

Josh KaufmanJosh Kaufman is a business expert, consultant and a coach who helped many start-up companies in their endeavors.

He offers expert services to those in need of business guidance, to get more things done in a shorter time, and improve their financing strategies.

“The Personal MBA Summary”

Are you eager to embark on a new adventure? Do you have a great idea? Eager to make money? Well, take a deep breath and start examining your options.

Many people opt for enrolling at a business school but is it really the break you’ve waited for, let’s find out.

As it turns out, Business Schools are far from cheap, and according to advanced calculations, the accumulated cost can reach up to $300,000.

However, do we at least get something in return, experience or education perhaps that exceeds this price? We sincerely doubt that!

Now, that is evident that you’ll waste a lot of money and get no results, what should you do? – Clinging to factless strategy can prove to be devastating, so in order to get your business flourish, one must stick to a well-designed blueprint.

Are you in it for the money? – You might want to change that.

On the long run, no business can overcome all obstacles if the CEO has no passion for the company itself.

Being in tune with the environment requires defensive resilience to cope with the challenges that lay ahead.

Once you made a secret pact with yourself, that you’ll continue to push forward until all your hopes are alive, you can then focus on investing.

So, finding the investors willing to put up the cash in advance, it’s a risky move for all parties involved.

Leverage your investment! Use loans to increase your influence but beware of hidden financial dangers. Take into consideration every possibility, before taking such drastic measures.

Every successful business, no matter the size or influence, must focus to please its Ideal Buying Persona.

According to Nitin Nohria and Paul Lawrence, there are basically four requirements that pretty much appeal to all humans.

  • The first one represents the desire or the pull to become a valuable member of some community, gain status or respect.
  • The second desire symbolizes our longing to feel loved and appreciated by others.
  • The third one, speaks on behalf of our unsatisfied thirst and hunger to expand our field of knowledge.
  • Fourth, the urge to feel safe and secure.

If your goods or commodities meet these needs, you are all set to launch the brand-new product, right? – Well, we are not quite there, yet.

Although nowadays, we can engage our potential customers through hundreds of online/offline channels; that doesn’t facilitate the processes of getting their attention.

The Free Market tends to unchain these individuals and allow them to pick their favorite products, without any interference, but that’s a nice story.

If you have a score to settle with your competitors, do it openly on the digital battlefield because that’s the only way to provide quality service.

Take testimonials, for example, original illustrations of satisfied customers is an excellent trick for luring new customers into checking your offers and establishing a bigger base.

So, how to convert those passing customer into long-term associates?

In all honesty, there is not one all-encompassing formula that works well in every industry.

However, you can apply the good, old-classic mind-game, and understand what adds to clients’ aversion towards your product.

Usually, the price is the most talked-about attribute!? – If it’s so, you should adjust your product offer, and prove your customers wrong. Give them a test period, with a full refund if they’re not pleased.

One huge mistake salespeople have a habit of making, is becoming too aggressive in their campaign.

Encourage interaction, make your customers come to you, not the other way around. If they feel cornered, there’s a good chance that they’ll drift off.

How to discuss business deals with other companies?

B2B is gaining momentum in the 21st century, but due to intense competition, companies are struggling to get their hands on “wealthy” associates.

Taking into account several factors before an agreement can be reached, is an advisable strategy in the digital age.

  • Make sure that the person on the other side is a valuable member of the operation and an individual with authority.
  • Set a meeting on your turf, an environment that you feel most comfortable in (via phone, in person, online session).
  • Prepare yourself by conducting research and necessary testing to collect data, such as finding more about your competitor’s offer and provide counter-arguments.
  • Anticipate possible reaction and sub-questions.
  • Start negotiating

How often do we trip on the last step – Implementation?

Don’t act with superiority, let them know that you share their concerns and strives.

Good leaders are hard to find, but they are the ones who can make others grow and learn.

Key Lessons from “The Personal MBA

1.      Understand your priorities
2.      Don’t engage yourself in all spheres of influence
3.      Find a better route to success

Understand your priorities

Most people have little clue about the key elements and intentions when starting a business.

Make sure that all the other individuals who are working towards mutual goal and interest, must be informed about the long-term expectations.

Don’t engage yourself in all spheres of influence

Micromanagement is perhaps the most challenging part of the whole process.

In order to avoid full-control that takes both time and energy, you should lay out your intentions, and provide guidelines in various cases.

Find a better route to success

It has been proven on numerous occasions, that MBA doesn’t increase your chances of opening a chain of successful businesses nor getting a better position in a company.

It’s not synchronized nor in correlation with the idea of prosperity, as one may have hopped.

Like this summary? We’d Like to invite you to download our free 12 min app, for more amazing summaries and audiobooks.

“The Personal MBA” Quotes

Business schools don't create successful people. They simply accept them, then take credit for their success. Click To Tweet Every time your customers purchase from you, they’re deciding that they value what you have to offer more than they value anything else their money could buy at that moment. Click To Tweet Retired general Colin Powell famously advocates collecting half of the information available, then making a decision, even though your information is clearly incomplete. Click To Tweet Ideas are cheap—what counts is the ability to translate an idea into reality, which is much more difficult than recognizing a good idea. Click To Tweet There is only one boss: the customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else. Click To Tweet

Our Critical Review

By all means, this book undoubtedly deserves its bestseller status, on a global scale.

We are pleased to be a part of such amazing journey, driven by an amusing and informative piece of writing.

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The One-Page Financial Plan Summary

The One-Page Financial Plan SummaryA Simple Way to Be Smart About Your Money

Earning money has become an inescapable pursuit, with no end in sight.

To help you better organize your resources, Carl devised a plan of activities that you must undertake in order to enjoy life thoroughly.

Our summary gives a preview of the financial plan and all its features.

Who Should Read “The One-Page Financial Plan”? And Why?

Sometimes, a beacon of hope is all we need. Nevertheless, it’s way better to be at the mercy of plans and facts, than to rely on mere luck and superstition.

The One-Page Financial Plan” is a book, designed to provide support to all people struggling to handle daily/monthly/yearly expenses.

We firmly recommend it to anyone in need of such guidance.

About Carl Richards

Carl RichardsCarl Richards is an American author born in Pittsburgh, Pennsylvania. He provides consulting services at Yahoo, and weekly columns for New York Times.

Carl is the author or coauthor of several books all in the realm of financing.

“The One-Page Financial Plan Summary”

As soon as we leave college, the money-mania transforms from a part-time job into 24/7 obsession. Even though most of us hate to admit it, we are all part of the same system.

Paying off your mortgage, providing good healthcare and education for you and your children, are only a few of the responsibilities one can think of.

All of these liquid assets must be pointed towards monthly liabilities in order for the person to stay on track – but, that’s easier said than done.

At the end of the month, if there’s nothing left in your bank account, you need a change of pace and plan.

Every journey starts with the first step, and investors know best that without proper planning, every endeavor is doomed to fail.

What is the deal about money? Do you want our advice? – Don’t skip town, when things are about to get serious!

Answer this question, examine your needs, test your capabilities and perhaps you’ll be able to turn the useless into useful.

In reality, money is just an exchange paper without real value, which reflects your status in the society.

Not only that finances give us a sense of independence and secure our future, but these assets also help us to understand our role in these hypocritic processes.

Let’s say that your main concern is spending quality time with your family and your yearnings for financial security are intertwined with the possibility of running a company.

Nevertheless, it’s not too easy to allocate all your resources (including time) to serve a higher purpose.

Being honest with yourself and understanding the value of money can assist you in measuring the impact of various factors – both internal and external.

Having well-defined goals and vision is an unavoidable approach if you intend to make your business grow and expand.

Nevertheless, the personal agenda is not too happy about the involvement on a professional level. Next in line is checking to see whether your goals fit your vision.

It’s evident that without the right set of skills, one cannot prosper in the long run. These individuals stumble on the very first obstacle, or as soon as some of the processes take a surprising turn.

Once you make a peace treaty with the future, you can then move over to the next stage.

Use the expertise you acquired over the years to remain flexible and not so easily disheartened by the passing situation. Rejoice in every opportunity and adjust your strategy to apply to your goals.

Write these plans down, be concise and clear when doing so!

How should the structure look like?

  • In the next two years, I plan to increase my yearly income by a whopping 100%!
  • Next year I’d like to pay for my daughter’s singing lessons.
  • I want to invest some of my savings into a low-yield bond or retirement funding organization.

Without these, be sure that you’ll get nowhere, and remain rooted in one spot. Your values provide you with an assessment and reveal the actual position and status.

Improving your decision-making depends on previous preparations, and the one mentioned above must be taken into account.

Having a clear understanding of your assets and liabilities will help you take the necessary steps to reach your goals.

To assess your current financial situation, Carl advises that you should draw or make a balance sheet. How to do it? – Draw a T shape on a piece of paper – put all the investments and liquid assets on the left side of the paper, and all your liabilities on the right side.

In the end, a simple mathematical calculation ends the endeavor. Subtract the liabilities from the savings, and you’ll ascertain your net worth.

We assure, once you reduce those expense, you’ll see such attitude illustrates an upward trend. Instead of paying for gas, use public transportation or a bike.

Find a way to improve your financial situation and don’t rest until the accumulated debt is paid.

Key Lessons from “The One-Page Financial Plan

1.      Look broader and expand your perspective
2.      Don’t deceive yourself with unrealistic predictions
3.      Flexibility is like a key that open multiple doors

Look broader and expand your perspective

To do well, you need to make up a list of the monthly expenses to get the big picture.

Once you are finished with the process, you can then plan the budget and adjust your spending habits.

Find gaps in the structure and find a way to cut those unnecessary costs.

Don’t deceive yourself with unrealistic predictions

The minute a person becomes aware of its standings, it can begin planning its next move.

Basically, allocating these assets or budgeting explains the ability to make trade-offs between costs and investments.

Achieve your goals by planning them both.

Flexibility is like a key that open multiple doors

Before we execute this step, one must comprehend the unsurpassable truth of unpredictability.

According to management experts, being flexible is perhaps the most valuable trait one can have.

For instance, who would have thought 20-30 ago, that in the next few decades, the telecommunication industry will face a deadly opponent – The Internet.

Like this summary? We’d Like to invite you to download our free 12 min app, for more amazing summaries and audiobooks.

“The One-Page Financial Plan” Quotes

if you don’t ever find yourself recalibrating your decisions, you’re likely ignoring some issues that might become problems down the line. Click To Tweet Don’t be committed to the guess, be committed to the process of guessing. Click To Tweet When the paint on the car starts to chip and the gadget gets tossed into the closet with all the others, you can’t help but wonder if you’ve been pouring all your hard-earned money into the wrong things. Click To Tweet The best financial plan has nothing to do with what the markets are doing, nothing to do with what your real estate agent is telling you, nothing to do with the hot stock your brother-in-law told you about. It has everything to do with… Click To Tweet

Our Critical Review

We can say with some confidence, that Carl’s instructions are much appreciated, and we certainly learned a lot.

Nothing can overshadow a practical book, enriched with all sorts of financial tips, assembled in one place to make our future brighter and better.

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Rejection Proof Summary

Rejection Proof SummaryHow I Beat Fear and Became Invincible Through 100 Days of Rejection

Rejection does not have to be something you fear.

Instead, it can make you stronger, and teach you some valuable lessons.

Who Should Read “Rejection Proof” and Why?

You have faced so many rejections that you do not believe you are worthy of success anymore?

You are wrong!

Rejection is not a reality; it is just a subjective opinion.

If you are someone who plans on giving up on their dreams or is afraid to make a change that they want to make, read “Rejection Proof” and learn more about the sense of rejection as well as about the coping mechanisms.

About Jia Jiang

Jia JiangJia Jiang is an entrepreneur and author, as well as a creator of an online course that teaches people how to face rejection and turn it into something positive.

He has founded the 100 Days of Rejection YouTube series and blog.

“Rejection Proof Summary”

Everyone has faced or will ultimately face a time when he or she gets rejected.

Rejection is something you cannot escape and can happen in any area of life.

In business life, it is more common than anywhere.

However, too much rejection can make people lose their enthusiasm and quit.

Yet, usually, you have to bear it in order to become successful.

So, how do you do it?

Well, first it is important you have enough motivation.

Right now, you may be working in a field that you feel is not your true calling, and we have to give it to you – not following your passions is not an easy burden to bear.

However, you must not feel unhappy.

Instead, decide to change jobs and try yourself out at your wanted field, by giving yourself a deadline.

The deadline should tell you what you need to accomplish in a given timetable, in order to know that it is worth following your dream.

If not, you can always go back to your previous job choice.

This approach is practical since people are more motivated and productive when they have time pressure.

After you handle this one, you also need to find a way to deal with rejection.

Every business needs someone to invest in it, and finding investors is a hard job. Many times the investors you pitch to will say no to you.

However, that must not discourage you or make you feel less worthy.

Instead, it needs to be another engine that moves you forward.

But how do you to this? How do you transform rejection from being a negative force into a positive one?

Well, for starters you need to understand its psychological background.

Our fear of rejection is connected to our instinct to stay alive and to belong.

Interestingly enough, researchers show that when they feel rejected, people’s brains release the same substances as when people go through physical pain.

This means that people actually feel pain when they get rejected.

This explains the biological side of why rejection is on the list of top fears of most people.

However, many people make a mistake and mix up rejection and failure.

And to be successful and continue on the path of understanding rejection, you have to make a clear distinction between the two.

Failure is something we do not feel is personal – it is a situation that has happened due to external circumstances our of our reach. It is not positive nor desired, but does not makes us as unhappy as rejection since we do not think that it is something up to us.

Rejection, on the other hand, is hard to connect to external factors, and because of it, it is more personal and hurts people more.

However, the only way to enjoy life and all of its blessings is to beat the fear of rejection.

Just think back to all the things you did not do and wanted to, just because you were afraid you were going to get rejected.

So, what can you do to overcome these fears?

Well, since rejection is “personal” you have to change the way you look at it. In other words, do not base the external reality on the opinion of others.

Do not understand rejection as something that gives an objective picture of your worth. Instead see it as a personal, subjective opinion of the rejector, that has nothing to do with other beliefs out there.

You have to understand that in this world they are so many different people with different backgrounds and characters, who will respond a different way.

You know the saying “One man’s trash is another man’s treasure”?

Well, that is entirely correct.

Even if you have not found your chance now, it does not mean that you are not worth it. It just means that your idea is not suited for one single person.

And what is a person compared to the world?

So, stop fearing rejection, and face the world. You will certainly find someone who shares your worldview out there.

Key Lessons from “Rejection Proof”

1.      Rejection Feels Personal; Failure Does Not
2.      No “No” Lasts Forever
3.      Everything You See Around You Was Once Thought to Be Crazy

Rejection Feels Personal; Failure Does Not

The difference between rejection and failure is that the one feels personal and the other one does not.

We understand that when you feel rejected it is very hard not to blame yourself and not to feel less worthy, but you have to look at it another way, and see it as a subjective opinion of the other party, and not as an objective image that defines you as a person.

No “No” Lasts Forever

All negative events are temporary and so is rejection.

When you understand that rejection is subjective and connected to an opinion, and not to objective reality, then you will also understand that every “no” can be changed by just changing the viewpoint.

And people’s opinions change all the time.

So, hang on, and keep going.

Everything You See Around You Was Once Thought to Be Crazy

Most of the revolutionary ideas that have changed the world were once thought to be crazy.

So, if your ideas are constantly getting rejected, it does not have to mean that they are bad, it can just mean that you are ahead of the crowd seeing things others are not aware of yet.

Like this summary? We’d Like to invite you to download our free 12 min app, for more amazing summaries and audiobooks.

“Rejection Proof” Quotes

But by not even asking, we are rejecting ourselves by default—and probably missing out on opportunity as a result. Click To Tweet If something can´t hurt me, then why should it scare me? Click To Tweet Rejection is just an opinion, remember? It reflects them more than me, right? Click To Tweet Is your dream bigger than your rejections? If it is, maybe it´s time to keep going, instead of giving up. Click To Tweet It doesn’t matter how amazing your performance or products are, if you target the wrong audience, who don’t recognize, appreciate, or need your value, your effort will be both wasted and rejected. Click To Tweet

Our Critical Review

The author does a great job in getting you motivated to change your view on rejection.

He has created a 100-day rejection challenge, which shares the concept with any other similar challenge, but it is something that can help immensely.

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The New Trading for a Living Summary

The New Trading for a Living SummaryPsychology, Discipline, Trading Tools and Systems, Risk Control, Trade Management

Are you on the fence, unsure of your next move?

Investors understand your concerns and share your way of life.

This summary is a good starting point for launching a lucrative career in the realm of investments.

Who Should Read “The New Trading for a Living”? And Why?

Nothing comes close to making an honest living while doing something that generates a stable cash flow on the long run. Investors know the burden of several factors, which suffocate such possibility.

The New Trading for a Living” is a brand-new revelation, unveiling practical hints that can get your investment efforts to the next level. As such, we strongly recommend it to economists!

About Dr. Alexander Elder

Dr. Alexander ElderDr. Alexander Elder was born in Leningrad, in the Soviet Union. It’s fair to say that he is an expert in trade and an author who spent years in finding the perfect formula.

During his time as a psychiatrist, he learned a lot about human behavior and used that expertise in the professional areas of development.

“The New Trading for a Living Summary”

Are you impatient to become a wealthy investor? Wait a minute; even Warren Buffet had a strategy before he became an investor of the highest order.

Getting a stock tip is much easier than understanding the whole system. So, let’s move slowly until all the mysteries are out in the open.

Every stock trader should take into account a phenomenon named trade commission. Perhaps the movie – “The Wolf of Wall Street” is a tip enough for understanding the grave danger emerging from this pitfall. Paying 10$ per commission can lead to astonishing $2,000 – 10,000 of yearly expenditure.

Next in line is slippage. What does this mean? – You need to fill in order and decide whether you prefer a limit or a trade one.

The first one (limit) indicates that you intend to purchase a stock for a certain sum. Trade order pinpoints that you’ll get your stock, but under what circumstances – no one knows.

Unfortunately, many people are misled when it comes to trading. Do you like making money at a speed of light? It doesn’t work that way, and many gamblers became aware of this eye-opening reality.

What should we do? First things first – control your urges. Even the greatest investors have absolutely no idea regarding the stock’s route, and neither do you.

If you rely on the emotional response when things are going in your favor or not, you are the perfect candidate for experiencing a downfall in financial terms.

How to stand out from the herd? Indeed, it’s against all instinct to go on your own. For centuries, people have gathered in communities to improve their chances of survival and guess what – nothing has changed since then.

Seeking the safety of the crowd is the first thing you should avoid, and it’s not always easy to subdue these urges.

How to put such practice into action? It’s vital to divide the market and analyze the behavior of all participants.

According to the author, there are two types of behavior: bulls and bears. Bulls emphasize the value of prices going up; bears – the other way around.

Making a good decision is feasible only if the trader is willing to do the necessary testing.

A highly competitive market indicates that there is a high price fluctuation, and you ought to distance yourself from such environment.

But let’s dissolve all the vital parts:

In order for a cost-effective strategy to kick in, one must leave no stone unturned. What must you understand and interpret well, before plunging into a trade battle?

  • Opening Prices
  • Closing Prices
  • All the Highs of a Bar
  • The Lows
  • The difference between these two

Normally, Slippage is not too high in quiet markets, and a proficient trader would avoid getting involved in such exchange deals – defending its position at all costs.

Overheated markets are not advisable, and if you plan to remain profitable, you’ll not be thinking about such endeavors.

Key Lessons from “The New Trading for a Living

1.      Follow the trends in order to make the market work in your favor
2.      One should opt for stock-trade at the beginning
3.      Act wisely and slowly; rush decision-making is a one-way ticket to failure

Follow the trends in order to make the market work in your favor

The price level can often mislead the people into purchasing a specific stock.

As soon as the market gets the support it desperately needs, you’re on the scene of a downward price trend.

The past fluctuations of the stock-price act as though the investor needs no incentive nor knowledge to conduct the next trade.

One should opt for stock-trade at the beginning

Although there are plenty of opportunities available regarding the trading business, it’s best if you stick to grounds that best suit you.

Options, futures, and ETFs are more complicated for those who are about to launch their trading campaign.

Act wisely and slowly; rush decision-making is a one-way ticket to failure

Once you decide, which way appeals to your particular nature – you must never forget to pay exclusive attention to these trade factors: liquidity and volatility.

Liquidity manifests the daily volume of exchanged shares, and it actually stands for:

Higher Liquidity = better trading options.

Volatility is best explained as a phenomenon that observes the price of a stock in the short-run.

Higher volatility = more opportunities for capital growth and vice versa.

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“The New Trading for a Living” Quotes

The mental baggage from childhood can prevent you from succeeding in the markets. You have to identify your weaknesses and work to change. Keep a trading diary—write down your reasons for entering and exiting every trade. Look for… Click To Tweet The answer is to draw a line between a businessman's risk and a loss. As traders, we always take businessman's risks, but we may never take a loss greater than this predetermined risk. Click To Tweet To help ensure success, practice defensive money management. A good trader watches his capital as carefully as a professional scuba diver watches his air supply. Click To Tweet There are good trading systems out there, but they have to be monitored and adjusted using individual judgment. You have to stay on the ball—you cannot abdicate responsibility for your success to a mechanical system. Click To Tweet Why do most traders lose and wash out of the markets? Emotional and mindless trading are big reasons, but there is another. Markets are actually set up so that most traders must lose money. The trading industry slowly kills traders with… Click To Tweet

Our Critical Review

There is a saying – Being bold and determined is not enough for achieving success.

You need the know-how and thanks to various experts; we can now access various types of information to make that happen.

And that pretty much sums up this book, where you’ll get means of entry to see first-hand the value of being equipped with the right set of “weaponry.”

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