'Do Epic Shit' by

@warikoo

Imp points from the book!

Comparing yourself to others is the biggest waste of time. Everyone had different beginnings. Different temperaments of parents. Totally different interests and hobbies. Different ways parents perceived success. Different teachers who taught you to fit in.

Run away from those who are trying to run away from themselves. Those who are not willing to heal themselves, who do not want to know their deeper parts, who are not okay and do nothing to change it, who do not want to have difficult conversations with themselves.

The biggest roadblock to learning is ego! Ego is a bubble. Instead of bursting it and seeing what all lies outside, we invest most of our energy protecting it. To know what you don’t know is power. To ask and learn what you don’t know is a superpower.

The best mental model for taking tough decisions in life? 1. Ask yourself, ‘What’s the worst thing that can happen?’ 2. Close your eyes and vividly imagine it happening. 3. Then ask, ‘Will I be okay – mentally, socially, financially, physically, emotionally?’ If yes, go for it.

We know others through their actions. We know ourselves through our thoughts. That is exactly what they see when they look at us – what we do, instead of what we think.

Being yourself is the coolest way to get attention. Which is scary for most people. Which is the reason most people don’t. There is temporary discomfort in doing the unconventional. There is permanent discomfort in living life as a template.

That thing that you still haven’t finished and you are mad at yourself for not doing so? It is simply because it is not a priority. You think you still have time.

We aren’t addicted to things. We are addicted to the emotions that these things generate!

People who are enjoying their lives are at a competitive advantage. Imagine having all the money you want and being miserable! Imagine living life on your own terms and enjoying it like no one else :)

It is not how much you earn in a job that determines your net worth ( monetary). It is how much do you own of what makes money for you, even when you are sleeping (How much assets you own)

Self reflection Would you be friends with your own self? Would you marry yourself? Would you be your own boss? What version of you would you rather not be? Why do you still continue being that version? There are some flaws in you that you would never like to see in anyone else.

Holding a grudge against someone requires a lot of effort. When we hold a grudge against someone, we do the same thing they did to us: hurt us. They hurt us once. We hurt ourselves 100x by repeating it in our head.

Sympathy: I feel sorry for you. Empathy: I can understand what you must be going through. Respect: I admire the way you are handling this. Respect >> Empathy >> Sympathy Sympathy is a form of pity.

No one is useless. Everyone knows something you don’t. Only when we shut the door of our ego and be open to learning something new do we realize how much we don’t know!

We are average of, not the five people we spend the most time with but, the five thoughts we spend the most time with. And those thoughts needn’t come from people in our life. Our thoughts come from people we follow on social media, books, podcasts, etc. we consume.

Your parents are first humans. Then parents. They too can be wrong. They too can be toxic. They too can be unreasonable. Do not think they are above all of this.

Stay away from relationships that suck energy out of you.

Who you decide to spend your life with. One of the biggest decisions you will make in your life. Don’t take it lightly.

We don’t have to agree with each other as long as we understand each other.

Do not show up for every argument you are invited to!

Every problem in this world can be traced back to a point of miscommunication. All relationships thrive on communication.

You can neither choose your parents nor what they end up doing to you psychologically. Be prepared to heal yourself, if you have to.

We invite what we allow.

Money gives you freedom. Freedom is a privilege. But the minute we run after money we are not free any more. Use money to earn your freedom. Don’t give up your freedom to earn money.  

Money, for most of us, is an outcome. Not an input. It is the result of the decisions we have made, not the reason for the decisions we made. Compare the decisions people made to get to money. Comparing the outcome won’t help!

No one knows the highs or lows of a market. The best way to invest over a long term is to invest regularly. Irrespective of the price at that time.

Instead of reducing expenses, focus on increasing income.

Loans tie us down. They increase our burn rate. They make us risk-averse. They make us feel like we are stuck!

Double down on what is working rather than diversify. Diversification will not yield supernormal returns. Owning more of what is working, will.

Allow compounding to happen. It takes time. Decades. For the longest time it will seem nothing is happening. It is happening! 

When in your 20s, live like a pauper. Live within your means. Pay your bills, and then pay yourself by investing. Pay for your desires last. Do not take loans for your desires. 

Inflation is a thing. A real thing. Money loses value over time. Always include that in your return calculation.

Taxes are a thing. A real thing. Always look at your tax-adjusted returns when comparing.