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Gradual Daily 48  📈

To: Gradually's OGs
January 6, 2021
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What We Don’t Know We Know

[Image source: Alex Lieberman]
Cheers to the newly subscribed OGs🧃

Goooood morning!

It’s so easy to forget the depth of what we know. The chart above can be motivating and overwhelming all at the same time. Motivating in the sense that our world is a curious person’s infinite playground. Overwhelming in the sense that there’s so much we don’t know. Further, there’s so much we don’t know that we aren’t capable of even knowing that we don’t know it! 

Try to play on the curious person’s infinite playground as much as possible. You won’t know everything that there is to know and that’s okay.

If you’re new here, welcome! Below you’ll find 3 pieces of valuable curated content that aim to make you wiser, wealthier, and healthier  — gradually (aka your daily dose of digital vitamins).

Wisdom
1mg • consume content below with care for full effect
[Image source: Wait But Why]
First Principles: The Building Blocks of True Knowledge  by Shane Parrish

Takeaways

“Sometimes called “reasoning from first principles,” the idea is to break down complicated problems into basic elements and then reassemble them from the ground up. It’s one of the best ways to learn to think for yourself, unlock your creative potential, and move from linear to non-linear results.” — Shane Parrish

“A first principle is a foundational proposition or assumption that stands alone. We cannot deduce first principles from any other proposition or assumption.” — Shane Parrish

“The difference between reasoning by first principles and reasoning by analogy is like the difference between being a chef and being a cook. If the cook lost the recipe, he’d be screwed. The chef, on the other hand, understands the flavor profiles and combinations at such a fundamental level that he doesn’t even use a recipe. He has real knowledge as opposed to know-how.” — Shane Parrish 

“If we never learn to take something apart, test the assumptions, and reconstruct it, we end up trapped in what other people tell us — trapped in the way things have always been done. When the environment changes, we just continue as if things were the same.

  • When it comes down to it, everything that is not a law of nature is just a shared belief. Money is a shared belief. So is a border. So are bitcoins. The list goes on.” — Shane Parrish

“The thoughts of others imprison us if we’re not thinking for ourselves.” — Shane Parrish

My two cents: My favorite metaphor for first principle thinking is the one Shane mentions about the chef and the cook, which he cites is from this piece here. Chef’s don’t need recipes because they know ingredients/the art of cooking from first-principles.  

 



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Wealth
1mg • consume content below with care for full effect
[Image source: Arslan Ali]
How to Make Passive Income  by Nat Eliason

Takeaways

“Passive income is not a particularly descriptive term. It’s more useful to think of building a “passive sales machine.” Something that can sell something with minimal ongoing work.

  • If it’s not a simple product with a simple sales funnel, you don’t have a PSM, you have a job.” — Nat Eliason

A “Passive Sales Machine” is made up of 2 parts:

  1. Passive product:
    • “Rapid Scalability. For a product to be passive, it needs to be rapidly scalable without a corresponding increase in your amount of work.
    • Low Customer Support Needs. Even if your product is scalable, it may require a lot of customer support depending on what you’re selling.” — Nat Eliason
  2. Passive sales funnel: 
    • Low cost of maintenance
    • Long term stability
    • First purchase profitability
    • Customer self-qualification

“Passive income is great, but consider what your real goal is. You don’t want to sit on a beach sipping margaritas. Believe me, if you’re the kind of person who can pull that kind of passive income off, you’ll never be happy not doing some kind of work.” — Nat Eliason

“What I’ve realized from the last five years of chasing both passive income and entrepreneurship is that building a real business is much, much more satisfying.” — Nat Eliason

My two cents: I know passive income can sound a bit “scammy” at times, but when it comes to diversifying your income—it can be valuable. It’s also important to note Nat’s take on fulfillment + work. Satisfaction/happiness should be intertwined in whatever you choose to do.

 



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Health
1mg • consume content below with care for full effect
[Image source: Illustration by Maurice Sendak from Open House for Butterflies by Ruth Krauss]
Leisure, the Basis of Culture: An Obscure German Philosopher’s Timely 1948 Manifesto for Reclaiming Our Human Dignity in a Culture of Workaholism  by Maria Popova

Takeaways

“We get such a kick out of looking forward to pleasures and rushing ahead to meet them that we can’t slow down enough to enjoy them when they come.” — Alan Watts

“Today, in our culture of productivity-fetishism, we have succumbed to the tyrannical notion of ‘work/life balance’ and have come to see the very notion of ‘leisure’ not as essential to the human spirit but as self-indulgent luxury reserved for the privileged or deplorable idleness reserved for the lazy.” — Maria Popova

“…in an age when we have commodified our aliveness so much as to mistake making a living for having a life.” — Maria Popova

“Jeanette Winterson’s beautiful meditation on art as a function of ‘active surrender’ — a parallel quite poignant in light of the fact that leisure is the seedbed of the creative impulse, absolutely necessary for making art and doubly so for enjoying it.” — Maria Popova

“Leisure…is a condition of the soul — (and we must firmly keep this assumption, since leisure is not necessarily present in all the external things like ‘breaks,’ ‘time off,’ ‘weekend,’ ‘vacation,’ and so on — it is a condition of the soul) — leisure is precisely the counterpoise to the image for the ‘worker.’ — Josef Pieper (German Philosopher)

“Leisure is a form of that stillness that is necessary preparation for accepting reality; only the person who is still can hear, and whoever is not still, cannot hear.” — Josef Pieper (German Philosopher)

My two cents: I thought this piece was fitting as some of us were coming back from a break that was (hopefully) full of leisure. I can’t imagine a life without leisure. It’s a tough balance, though. When does leisure turn into laziness?

 



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