The Psychology of Money by Morgan Housel Part-4

Things To Remember

• Go out of your way to find humility when things are going right and forgiveness and compassion when things are going wrong.
• Less ego equals more wealth.
• Become okay with a lot of things going wrong.
• Use money to gain control over your time, because not having control of your time is a surefire way to be miserable.
• Be nicer and less flashy. Nobody is as impressed with your possessions as much as you are.
• You are more likely to gain respect and admiration through kindness and humility than horsepower and chrome.

Investment Related

• Have a six month emergency fund and save 10% of your salary.
• The ability to stick around for a long time, without wiping or being forced to give up is what makes the biggest difference.
• Your success as an investor will be determined by how you respond to punctuated moments of terror, not the years spent on cruise control.
• Savings can be created by spending less. You can spend less if you desire less. And you will desire less if you care less about what others think of you.
• Planning is important, but the most important part of every plan is to plan on the plan not going according to plan. 

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Dopamine Detox by Nick Trenton

Dopamine

• Dopamine is a neurotransmitter that sends signals from one neuron to another. Whatever your drug of choice, chocolate, nicotine, amphetamines, sex, social media, or shopping, dopamine is the final common pathway for all pleasurable, intoxicating and rewarding experiences.
• It is believed to be the most important neurotransmitter when it comes to the experience of pleasure, motivation and reward. But it isn’t ‘pleasure’ all the way because the same areas of the brain that process pleasure also process pain, and pleasure-pain work like a balance.

Pleasure-Pain Balance

• When that pleasure-pain balance tilts to the side of pain after the experience of pleasure, we experience feelings of discomfort, restlessness and irritability which can leave us unhappy and wanting to recreate the feeling of pleasure.
• ANY type of addiction makes us malleable and you can’t behave in a rational or ethical manner if you are addicted to dopamine


Baseline Of Dopamine

• The only way to not get hooked to this pleasure-pain cycle is to ensure the time in between each ‘fix’ is long enough for our dopamine levels to drop back to our personal baseline of dopamine release.
• Research has found chocolate increases dopamine above baseline by about 50%, sex is about 100%, nicotine is about 150% and amphetamines is about 1,000%.

Power And Freedom

• Dopamine detox and a shift to conscious consumption with due consideration of the consequences , giving you back some of the power and freedom you lost when you pledged yourself to the rat race and the status competition.


D-O-P-A-M-I-N-E Detox

D - Admit that you have addiction and collect DATA about it.
O - Understand the OBJECTIVE of your consumption addiction.
P - What is the PROBLEM consumption addiction is causing?
A - 30 days of ABSTINENCE.
M - Practice MINDFULNESS.
I - What INSIGHT do you get into your desire to consume , the problem it causes .
N - What are the NEXT STEPS beyond 30 days of Abstinence.
E - EXPERIMENT what strategy suits you .

Benefits of Dopamine Fasting:

1. Increases ability to focus
With the help of dopamine fasting, you can increase your capability of focus. As dopamine fasting is related to the idea of less stress and distractions. This can happen by bringing some positive alterations to your everyday lifestyle.

2. Increases self-motivation
As dopamine fasting improves focus, it directly increases self-motivation and this self-motivation helps in increasing daily productivity. Dopamine fasting overall benefits our everyday lifestyle and also helps in achieving the main focus of our goals and career.

3. Improves emotional regulation
Dopamine fasting improves emotional regulation because we tend to stay distant from social services and other toxicity which helps in attaining emotional regulation and it also helps in bringing peace again in our lives.

4. Develops great self-control and willpower
With the help of dopamine fasting, we maintain distance from the real world and social media. This helps in developing great self-control and willpower as this type of fasting is related to mindfulness-based activities.

5. Develops and improves patience
Dopamine fasting is related to mindfulness activities which helps to develop and increase and patience levels. It will improve our patience and as well as sleeping cycle.

6. Increases life satisfaction
When we start living with peaceful and stress-free life, it eventually increases the satisfaction towards life. Dopamine fasting basically takes us out from stress and brings back us to peace by distancing us from a toxic and stressful world.

5 Open Source Projects Which Can Redefine Web Development in 2022

#opensource

https://betterprogramming.pub/5-open-source-projects-which-can-redefine-web-development-in-2022-567e7e2a6d12?gi=8341b4f9fc4c