Markets & After hours
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Got this link posted by manishchan from another thread on TJ regards to Regret Minimization Framework. The quote is by Jeff Bezos, and he went on to create Amazon.com
I went to my boss and said to him, “You know, I’m going to go do this crazy thing and I’m going to start this company selling books online.” This was something that I had already been talking to him about in a sort of more general context, but then he said, “Let’s go on a walk.” And, we went on a two hour walk in Central Park in New York City and the conclusion of that was this. He said, “You know, this actually sounds like a really good idea to me, but it sounds like it would be a better idea for somebody who didn’t already have a good job.” He convinced me to think about it for 48 hours before making a final decision.
So, I went away and was trying to find the right framework in which to make that kind of big decision. I had already talked to my wife about this, and she was very supportive and said, “Look, you know you can count me in 100 percent, whatever you want to do.” It’s true she had married this fairly stable guy in a stable career path, and now he wanted to go do this crazy thing, but she was 100 percent supportive. So, it really was a decision that I had to make for myself, and the framework I found which made the decision incredibly easy was what I called — which only a nerd would call — a “regret minimization framework.”
So, I wanted to project myself forward to age 80 and say, “Okay, now I’m looking back on my life. I want to have minimized the number of regrets I have.” I knew that when I was 80 I was not going to regret having tried this. I was not going to regret trying to participate in this thing called the Internet that I thought was going to be a really big deal. I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not ever having tried. I knew that that would haunt me every day, and so, when I thought about it that way it was an incredibly easy decision. And, I think that’s very good. If you can project yourself out to age 80 and sort of think, “What will I think at that time?” it gets you away from some of the daily pieces of confusion. You know, I left this Wall Street firm in the middle of the year. When you do that, you walk away from your annual bonus. That’s the kind of thing that in the short-term can confuse you, but if you think about the long-term then you can really make good life decisions that you won’t regret later.
What’s on Your Bucket List? 101 Things To Do Before You Die
http://personalexcellence.co/blog/whats-on-your-bucket-list-101-things-to-do-before-you-die/
Excerpt :
Every man dies – Not every man really lives.” ~ William Ross
A few days ago, I was surfing online when I came across someone’s bucket list. It quickly inspired me to create my own list and write an article about it at the same time.
What’s a Bucket List?
If you haven’t heard about the term “bucket list”, it is a list of all the goals you want to achieve, dreams you want to fulfill and life experiences you desire to experience before you die.
Why Create One?
If you don’t live your days by personal goals and plans, chances are you spend most of your time caught up in a flurry of day-to-day activities. Ever feel your days are passing you by without any tangible output to speak of? What did you accomplish in the past 3 months? What are your upcoming goals for the next 3 months? Look at the things you did and the things you’re planning to do next – Do they mean anything to you if you are to die today? Having a bucket list reminds you of what’s really important so you can act on them.
Even if you frequently live by goals or to-do lists, they are probably framed within a certain social context e.g. performance, career, health. A bucket list opens up the context. It’s a forum to set anything and everything you’ve ever wanted to do, whether it’s big, small or random.
It’s just like planning ahead all the highlights you want for YOUR whole life.
Even though goal setting is already my staple activity, I still found many new things to do while I was writing on my own list. It was an incredibly insightful exercise. What’s more, coming up with my list gave me a whole new layer of enthusiasm knowing what’s in store ahead!
The objective of creating this list isn’t to instill some kind of a race against time or to create aversion toward death. I don’t see our existence to be limited to just our physical years on earth – I don’t see our existence to be limited to just our physical years on earth – our physical lifespan is but a short speck of our existence in the universe.
The whole point of creating your list is to maximize every moment of our existence and live our life to the fullest. It’s a reminder of all the things we want to achieve in our time here, so that instead of pandering our time in pointless activities, we are directing it fully toward what matters to us.
Create Your Bucket ListIf you don’t have a bucket list, I highly recommend you to create one. How much does it cost? Zero. How long does it take? Probably 30 minutes to an hour, or more if you get really caught up in the writing. What do you stand to gain? Significant clarity and focus on what you want from your life. It’s an invaluable exchange.
If you already have your list, take this opportunity to review it. See if there are new items you want to add-on. If so, add them in. Check if all the items listed are still relevant. If not, remove them.
Start writing down what comes to mind as you read these questions:•What if you were to die tomorrow? What would you wish you could do before you die?
•What would you do if you had unlimited time, money and resources?
•What have you always wanted to do but have not done yet?
•Any countries, places or locations you want to visit?
•What are your biggest goals and dreams?
•What do you want to see in person?
•What achievements do you want to have?
•What experiences do you want to have / feel?
•Are there any special moments you want to witness?
•What activities or skills do you want to learn or try out?
•What are the most important things you can ever do?
•What would you like to say/do together with other people? People you love? Family? Friends?
•Are there any specific people you want to meet in person?
•What do you want to achieve in the different areas: Social, Love, Family, Career, Finance, Health (Your weight, Fitness level), Spiritual?
•What do you need to do to lead a life of the greatest meaning?
Come up with as many items as you can. The items should be things you have not done yet. Don’t stop until you finish listing at least 101 things! If you find yourself stuck, chances are you are mentally limiting/constraining yourself. Release those shackles – Your bucket list is meant to be a list of everything you want to achieve, do, see, feel and experience in your life. Check out the next section for added inspiration.
Here's to : 101 Things To Do Before I Die......
Some examples.......
1.See all the 7 wonders of the world.
2.Learn a new language
3.Try out a new profession in a different field
4.Achieve your ideal weight
5.Run a marathon
Running a Marathon
6.Take part in a triathlon
7.Take up a new sport. Some examples: Archery, Golf, Swimming
8.Read a book each month.
9.Learn horseback riding
10.Resign from a job you don’t like
11.Pursue your passion
12.Start your own business doing something you love
13.Achieve financial abundance with your passion
14.Connect with the teachers from your past – college, high school, junior high, all of it. Let them know how they have shaped your life.
15.Identify someone who has inspired you the most in your life. Let him/her know how much he/she has inspired you
16.Be a mentor to someone
17.Learn a strategy game
18.Do an extreme sport – Bungee jumping, Skydiving, Paragliding.
19.Climb a mountain
20.Give a heartfelt surprise to someone
21. etc. etc....
http://personalexcellence.co/blog/whats-on-your-bucket-list-101-things-to-do-before-you-die/
Excerpt :
Every man dies – Not every man really lives.” ~ William Ross
A few days ago, I was surfing online when I came across someone’s bucket list. It quickly inspired me to create my own list and write an article about it at the same time.
What’s a Bucket List?
If you haven’t heard about the term “bucket list”, it is a list of all the goals you want to achieve, dreams you want to fulfill and life experiences you desire to experience before you die.
Why Create One?
If you don’t live your days by personal goals and plans, chances are you spend most of your time caught up in a flurry of day-to-day activities. Ever feel your days are passing you by without any tangible output to speak of? What did you accomplish in the past 3 months? What are your upcoming goals for the next 3 months? Look at the things you did and the things you’re planning to do next – Do they mean anything to you if you are to die today? Having a bucket list reminds you of what’s really important so you can act on them.
Even if you frequently live by goals or to-do lists, they are probably framed within a certain social context e.g. performance, career, health. A bucket list opens up the context. It’s a forum to set anything and everything you’ve ever wanted to do, whether it’s big, small or random.
It’s just like planning ahead all the highlights you want for YOUR whole life.
Even though goal setting is already my staple activity, I still found many new things to do while I was writing on my own list. It was an incredibly insightful exercise. What’s more, coming up with my list gave me a whole new layer of enthusiasm knowing what’s in store ahead!The objective of creating this list isn’t to instill some kind of a race against time or to create aversion toward death. I don’t see our existence to be limited to just our physical years on earth – I don’t see our existence to be limited to just our physical years on earth – our physical lifespan is but a short speck of our existence in the universe.
The whole point of creating your list is to maximize every moment of our existence and live our life to the fullest. It’s a reminder of all the things we want to achieve in our time here, so that instead of pandering our time in pointless activities, we are directing it fully toward what matters to us.
Create Your Bucket ListIf you don’t have a bucket list, I highly recommend you to create one. How much does it cost? Zero. How long does it take? Probably 30 minutes to an hour, or more if you get really caught up in the writing.
What do you stand to gain? Significant clarity and focus on what you want from your life. It’s an invaluable exchange. If you already have your list, take this opportunity to review it. See if there are new items you want to add-on. If so, add them in. Check if all the items listed are still relevant. If not, remove them.
Start writing down what comes to mind as you read these questions:•What if you were to die tomorrow? What would you wish you could do before you die?
•What would you do if you had unlimited time, money and resources?
•What have you always wanted to do but have not done yet?
•Any countries, places or locations you want to visit?
•What are your biggest goals and dreams?
•What do you want to see in person?
•What achievements do you want to have?
•What experiences do you want to have / feel?
•Are there any special moments you want to witness?
•What activities or skills do you want to learn or try out?
•What are the most important things you can ever do?
•What would you like to say/do together with other people? People you love? Family? Friends?
•Are there any specific people you want to meet in person?
•What do you want to achieve in the different areas: Social, Love, Family, Career, Finance, Health (Your weight, Fitness level), Spiritual?
•What do you need to do to lead a life of the greatest meaning?
Come up with as many items as you can. The items should be things you have not done yet. Don’t stop until you finish listing at least 101 things! If you find yourself stuck, chances are you are mentally limiting/constraining yourself. Release those shackles – Your bucket list is meant to be a list of everything you want to achieve, do, see, feel and experience in your life. Check out the next section for added inspiration.
Here's to : 101 Things To Do Before I Die......
Some examples.......
1.See all the 7 wonders of the world.
2.Learn a new language
3.Try out a new profession in a different field
4.Achieve your ideal weight
5.Run a marathon
Running a Marathon
6.Take part in a triathlon
7.Take up a new sport. Some examples: Archery, Golf, Swimming
8.Read a book each month.
9.Learn horseback riding
10.Resign from a job you don’t like
11.Pursue your passion
12.Start your own business doing something you love
13.Achieve financial abundance with your passion
14.Connect with the teachers from your past – college, high school, junior high, all of it. Let them know how they have shaped your life.
15.Identify someone who has inspired you the most in your life. Let him/her know how much he/she has inspired you
16.Be a mentor to someone
17.Learn a strategy game
18.Do an extreme sport – Bungee jumping, Skydiving, Paragliding.
19.Climb a mountain
20.Give a heartfelt surprise to someone
21. etc. etc....
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