Principles are internal Operating System based on which we function in the real world. Inspired by Ray Dalio’s Principles, I wanted to explicitly write down and share the principles which I believe in. Although this is primarily a self- conversation, I hope that you will find something useful.
1.Read More, No TV:
“The man who does not read has no advantage over the man who cannot read.” — Mark Twain.
Having spent my childhood frivolously in front of television, I guarantee that TV adds no value to your life. Dump the TV , cut your cable subscription and subscribe to your local library. Reading will enrich you and open many avenues in life. Read at least one hour a day no matter what.
2. Embrace the inner Contrarian:
“Vox Populi, Vox Dei” — Latin Proverb or “Crowd is untruth” — Søren Kierkegaard.
The so called conventional wisdom has made us believe that there is wisdom to the crowds. I’m sure every culture has some variation of the quote”Vox Populi, Vox Dei”. However if you closely examine history, you will notice that there is no wisdom to the crowds. Only Manias and bubbles exists in crowds. Embrace the your inner Contrarian (with a capital c) and go against it.
3.Addition by Subtraction:
“Good habits are the key to all success. Bad habits are the unlocked door to failure.”
Adding a new feature to an App is great but bug fixing is crucial. Likewise, fix a bad habit or characteristic to become better and stronger. Improve via negativa.
4.Remove the Toxic and Negative people:
“Stay away from negative people they have a problem for every solution” — Albert Einstein
Life is short. Remove the toxic and negative people from your circle.
“No man is an Island” — John Donne
This one took me a while to realise. Even contrarians need a community. Find your community, seek deep meaning, nurture &add value to them.
6.Compete with yourself:
“To be a champion, compete; to be a great champion, compete with the best; but to be the greatest champion, compete with yourself.” — Matshona Dhilwayo
I know its a cliché. But you will never find someone with identical experiences, memories, circumstances and memories as yours. You are the best person to compete with. Be the best version of yourself!
7. Self-regulate your online hours:
“Today, spend a little time cultivating relationships offline. Never forget that everybody isn’t on social media.” — Germany Kent
Internet is a double-edged sword. Unless you are careful, you will never know whether you are consuming the internet or the internet is consuming you. Don’t take break to go offline. When you find break, go online.
“Your body has rights over you, so take care of it” — Prophet Muhammad.
Especially in today’s time, Fitness is of paramount importance. Because your physical well being correlates with your mental well being.
“Don’t trust your memory, jot it all down” — Earl Schoaaff
This one is a work in progress for me. Keep a journal and document your life in words and not just via social media.
10. Learn to think in Numbers:
“Mathematics is the language in which God has written the universe” — Galileo
If you cannot think in Numbers, you are putting yourself in disadvantage. World of computers have chipped away our mathematical acumen. Slowly and steadily regain your Math skills and apply in daily life.
11. Make ONE big move every year:
“Our comfort zone is a place where you keep yourself in a self-illusion and nothing can grow there but your potentiality can grow only when you can think and grow out of that zone.” — Rashedur Ryan Rahman
Making one big move every year is surprisingly a easy move comparatively. The Hardest part is convincing yourself to the task. Once you walk past it, it open many new doors.
12. Think big, Start small:
“Think big thoughts but relish small pleasures.” — H. Jackson Brown. Jr
Another cliché here. But think about it. If you have a Big daunting goal, having many small milestones will help you reinforce positive feedback and help you achieve it.
13. Its okay to change your POV.
“The Man Who Views the World at 50 the Same as He Did at 20 Has Wasted 30 Years of His Life.” — Muhammed Ali
Don’t be intransigent. Its okay to change your point of view in the light of new evidence. Willingness to change is a sign of a sound person.
14. Be Open-Minded:
“A mind is like a parachute. It doesn’t work if it is not open.” — Frank Zappa
Having an Open-Mind, opens you to many possibilities. With Possibilities comes opportunities.
15. Trends are over-rated mostly:
“Everything popular is wrong” — Oscar Wilde
Popularity isn’t proof. If something is trendy its either over-valued or over-sold, so be wary of trends generally.
16. Don’t heed to other’s opinions:
Yeah, well, you know, that’s just, like, your opinion, man. — Jeffery “The Dude” Lebowski
You have a Super-power, if you don’t care what other people think.
17. Be curious:
“Be curious not Judgemental .” — Walt Whitman
Go wherever your mind takes you. Follow your curiousity.
18. Protect your attention:
“It takes discipline not to let social media steal your time.” — Alex Ohanian
First of all Attention on any given day is of finite supply. And studies have proved it again and again. Secondly and most importantly the Attention economy is slowly eating our attention like parasites eating our brain. So learn to guard you attention.
19. Know your Weakness:
“Every weakness contains within itself a strength.” — Shusaku Endo
Knowing what you don’t know and knowing your weakness will help you stay out of troubles almost all the time.
20. Take intelligent risks:
“Never was anything great achieved without danger.” ―Niccolo Machiavelli
Most of the seemingly risk free choices are often the riskiest. First understand what is risk. The word “risk” derives from the early Italian risicare, which means “to dare”. So Analysis, Understand and daringly, place your bets.
21. Avoid Thinking Traps:
“I don’t want the cheese, I Just want to get out of the trap” -anon
There are certain thinking traps you need to avoid like “Group traps”, “Burning Issue traps”, “Status-quo traps”.
22. Have Low Time Preference:
Don’t put off for tomorrow what you should do today. — Aesop fable “The Ant and the Grasshopper
From Aesop fables “The Ant and the Grasshopper” to Stanford Marshmellow experiment , it shows the importance of having low time preference or delayed gratification. Learn self-control.
23. Always invest in yourself:
“You will never go broke from investing in yourself” — anon
If you are not ready to invest in yourself, no one else will. You are the best investment you will ever make in your life.
24. It is okay to Start over:
“Isn’t it nice to think that tomorrow is a new day with no mistakes in it yet?”
― L.M. Montgomery
Its okay to Start over as long as you don’t stop.
25. Don’t be afraid to make a decision:
“Don’t be afraid to make decisions in life.” — Arnold Schwarzenegger
Most decisions in life are reversibile. So don’t hold back, make a decision. If it works you will be happy. If it doesn’t work you will be wise.
26. Have Skin in the game:
“Never ask the doctor what you should do. Ask him what he would do if he were in your place. You would be surprised at the difference” — Nicholas Taleb
Don’t give or take advice unless he or she who giving advice has skin in the game. From Economist to Teachers are selling opinions with no skin in the game. If you give advice, ask yourself “If I were in his/her position, would I do the same thing?”
27. Be obsessive:
“You become what you think about all day long.” — Ralph Waldo Emerson
Be obsessive. Run it in loop until you make it.
28. You’re the most important person in your life:
“Be yourself; everyone else is already taken.” — Oscar Wilde
Be yourself. You’re the most important person in your life. The only person you should try to make happy and impress is your own self.