1-in-60 Rule, Sunk Cost Fallacy, Naval’s Almanac, and much more!
Trends: 1 -in-60 rule, Sunk cost, podcast with Madhusudan, and more!
My Takeaway from " The Almanac "
My Weekly Explorations 👀
Staying on Track with the 1-in-60 Rule
Last week, I learned about the 1-in-60 Rule from aviation.
It says if a plane is off by just 1 degree, it will miss its target by 1 mile for every 60 miles flown.
It made me think about life and goals.
We all start at Point A, aiming for Point B.
But, small life changes can take us far off track if we don’t pay attention.
So, I’ve started a weekly habit. Every week, I take a few minutes to check in with myself and ask:
What’s most important to me right now?
Am I giving it enough time and energy?
Are my habits helping me move toward my goals?
What’s been draining me or holding me back?
Is there something I’ve been avoiding that needs attention?
I write down my answers in a notebook. It only takes 10-15 minutes, but it helps me reflect and make small adjustments to stay on track.
Breaking Free from the Sunk Cost Fallacy
Last week, my friend asked if he should leave his current job.
He’s been unhappy for a while but wasn’t sure because of how much time he invested.
It reminded me of the Sunk Cost Fallacy which means when we keep going just because we’ve put in so much effort, even if it’s no longer the right choice.
To avoid falling into this trap, ask yourself a simple question.
Would you still make the same choice if you were starting fresh today?
Whether it’s a project, a habit, or a relationship, this question can help you see things more clearly.
It’s a good reminder to stop clinging to things just because of past effort.
Sometimes, letting go opens up better opportunities that align with what we want now.
The Almanac of Naval Ravikant by Eric Jorgensen📚
Last week, I read The Almanac of Naval Ravikant by Eric Jorgensen. And it’s not just about making money, it's about living a thoughtful and fulfilling life.
Naval talks about emotional intelligence, mindfulness, and how we see the world.
One quote that stood out to me was, “The number one thing clouding us from being able to see reality is we have preconceived notions of the way it should be.” It made me think about how we often get stuck in our ideas.
Naval also says, “Happiness is being satisfied with what you have. Success comes from dissatisfaction. Choose.” It made me realize that happiness comes from appreciating what we have, but success comes from wanting more.
The book is a great reminder to value our time and spend it wisely.
Podcast with Madhusudan
Last week, I released the first episode of Growthcast, which is Season 2 of my podcast. I hosted Madhusudhan, and we talked about saving and creating wealth.
Madhu brings years of experience from the finance sector and is now building his startup, Altcase.
He aims to help people create wealth without taking extreme risks or stressing over their investments. Altcase is working to make investing a more thoughtful and stress-free experience.
Don’t miss out on this engaging conversation- tune in now for expert tips and inspiration for your entrepreneurial journey!
See here-
Upgrad link: https://bit.ly/SalariedClubUpgradOPJ
That’s it for this week 🤍
I hope these thoughts and insights resonate with you as much as they did with me. Life’s a journey, and it’s the little moments and reflections that make it meaningful. Keep exploring, stay curious, and most importantly, keep being you.
Also, if you know someone who might like this newsletter, forward this to them.
Please write to shashank@salaried.club if there’s anything you’d like to share with us.
See you next week :)
Regards,
Shashank Srivastava