1/20
MY TAKEAWAYS FROM ATOMIC HABITS by @JamesClear

A spectacular book that focuses on building HABITS following SYSTEMS to achieve RESULTS - Instead of the traditional GOAL BASED approach.

It's a highly engaging read with plenty of practical examples .

#BookRecommendation
2/20
Your OUTCOMES are a lagging measure of your HABITS . Although difficult to appreciate on a daily basis , they MATTER IMMENSELY.
Change your habit ,to change the outcome.

It doesn't matter WHERE you are currently,
CHANGE YOUR HABIT TO CHANGE THE TRAJECTORY OF YOUR LIFE!👇
3/20
You do not RISE to the level of your GOALS .You FALL to the level of your SYSTEMS .

Why so ?

Both WINNERS & LOSERS have a Goal . What then sets them apart ?

It's having a SYSTEM in place.
Systems are forever & they result in continuous SELF IMPROVEMENT .
4/20
Reaching a goal may give rise to emptiness or targetting another goal.
But that isn't the case for systems.

Hence GOALS - OVER RATED SYSTEMS - UNDER RATED

2 small examples on my system based approach for self improvement.

#booklovers

👇
5/20
Your identity emerges out of your habits. Every action is a vote for the type of person you wish to become.

Despite knowing better we find that
changing our habits is challenging because :
1) We try to change the wrong thing
2) We try to change our habits in the wrong way.
6/20
The 3 layers of behaviour change
1. Outcome change: WHAT we want to change
2. Process change: HOW we want to change
3. Identity change: WHY change.
(Most important)

A Behaviour that is incongruent with the self will not last.
Why ?

👇
7/20
The book then presents

* The science of HOW habits work
* The HABIT LOOP
* The 4 laws of BEHAVIOUR CHANGE.(Different methods to help BUILD Good habits & BREAK Bad ones.)

With the help of many examples to understand how to go about things, the possible problems etc.
8/20
Fun fact ! 🙃🙂
We don't need to be aware of the CUE for a habit to begin. No conscious attention is needed.
This is what makes habits USEFUL .

But then THIS IS ALSO what makes them DANGEROUS !
As the MORE we repeat these patterns, the LESS likely we are to question them!
9/20
I liked the concept of #HabitScorecard which helps in becoming more aware of your behaviour.

* Enlist habits
* Rate them
* Create a Habits Scorecard
* Observe events as is
* No criticism . No appreciation
* Acknowledge
* Work towards betterment
* Review
10/20
#ImplementationIntention helps in planning out beforehand WHEN & WHERE TO ACT & thereafter STICKING to them .

SPECIFICS matter as most of us lack NOT Intention , BUT CLARITY.

*Helps in saying NO.
*Ensures FOCUS.
*Helps in TIME MANAGEMENT.
👇
11/20
1 concept I loved was #HabitStacking - Adding new habits to existing ones.
Used to do this unknowingly but it's more fun incorporating it KNOWING HOW to go about it !!

Eg :
*Find something good - Appreciate it.
*Read something good - Make Notes of it.
👇
12/20
Some other Interesting aspects worth deliberating upon

* Make the CUES of GOOD HABITS obvious & BAD HABITS invisible.
* Easier to AVOID temptation than RESIST it. ( ESPECIALLY FOR MARKETS)
* Habits once formed are unlikely to be FORGOTTEN.
* Use of Temptation bundling.
13/20
Essentially we imitate the habits of 3 groups
* The Close
* The Many
* The Powerful

Each group offers an opportunity to leverage the 2nd law of Behaviour change & make our habits more attractive.
A very under rated concept I believe!
14/20
Another interesting aspect is
HOW TO ACHIEVE MORE WITH LESS EFFORT .

Seems difficult right ? 🤔

Here's where practising environment design comes into play.
Habits are easier to build when they fit into the flow of your life .
Reduce #friction.

Try it out !!
15/20
The TWO MINUTE RULE blew my mind away .
Such a simple but profound concept !

*Basically START SMALL .
*Keep it EASY.
*STICK to it.
*ITERATE.

A NEW HABIT SHOULD TAKE LESS THAN TWO MINUTES TO DO.

Gradually SCALE UP towards your GOAL .
Worked brilliantly for me!
16/20
Few other methods discussed to develop habits include :

*Habit Shaping,
*Automating a Habit
*Habit Tracking
*Goldilocks Rule etc.

We might have already practiced a few of them without knowing the technical basis behind it.

#MethodsToDevelopHabits
17/20
The secret to maximising your odds of success is to choose the RIGHT FIELD OF COMPETITION.

We all are born with different abilities .
Our environment determines the SUITABILITY of our genes & the UTILITY of our natural talents.

COMPETENCE is dependent on CONTEXT.

👇
18/20

However, Habits dull you.
Sticking to your habits and following the underlying processes & fighting monotony when there is no motivation is tough.

Doing it repeatedly shall SET YOU APART from the amateurs & make you a professional.

FALL IN LOVE WITH BOREDOM !
19/20

1% WORSE EVERY DAY FOR 1 YR vs
1% BETTER EVERY DAY FOR 1 YR

When you look back over a decade the VALUE of GOOD HABITS & the COST of BAD ONES becomes strikingly apparent !!
This is WHY understanding DETAILS is essential.

Keep up the habits & REFINE them as required.
20/20
To sum it up ,

An Atomic habit is a little habit that is part of a larger system.
Just as atoms are the building blocks of molecules , #AtomicHabits are the building blocks of remarkable success!

A SHEER MASTERPIECE!

Thanks for this @JamesClear !

#BookReview
#books

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Vidya Ganesh

Vidya Ganesh Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @VidyaG88

23 Dec 20
1/17

IKIGAI : A reason for BEING .

I have structured the essential bits & pieces of the book in a flow for easy understanding + compiled some handwritten notes.

As always these are just MY TAKEAWAYS from the book :))
#ikigai
#BookReview
#BookRecommendation Image
2/
Firstly what is #IKIGAI ?

The Japanese call it - A REASON TO JUMP OUT OF BED EACH MORNING.

It's a convergence of 4 things .
*What you love
*What you are good at
*What you can get paid for
*What the world needs .

We need to find our Ikigai in life!
(Pic from the net) Image
3/
Let's begin with DAILY HEALTH HABITS.

A SOUND MIND IN A SOUND BODY .

Both our MIND & BODY must be exercised well to avoid deterioration in latter years of life .

Have a mental workout routinely by stepping out of your COMFORT ZONE.
Expose yourself to CHANGE.
#RewireBrain
Read 18 tweets
30 Nov 20
1/6

Here's my list of #BooksToRead for #investors . It is NOT an exhaustive list ,for there is NO END TO LEARNING.
I have tried to incorporate different learning aspects of #investing here .

Hope it helps someone! 🙂🙏

@dmuthuk Sir tagging you for greater reach .
2/6
Beginning with Indian Authors :))

* Stocks to Riches &
* Value Investing & Behavioural Finance - Late Parag Parikh @PPFAS

* The Coffee Can Portfolio - Saurabh Mukherjee

* Of Long Term Wealth & Value Creation - Bharat Shah

* The Dhandho Investor - @MohnishPabrai
3/6

* The Joys of Compounding - @Gautam__Baid

* MasterClass with Super Investors - Vishal Mittal and Saurabh Basrar.

* Articles of @drvijaymalik
A TREASURE TROVE OF INFORMATION . Each article/e-book teaches us so much . One can find it on his website.
Read 6 tweets
16 Nov 20
1/n

Began tweeting actively this March & this came as a pleasant surprise to me .
Thank you so much everyone for 5k! 🙂🙏

I have varied interests & my threads are on random topics .
Consolidating a few that I think are worthy to make the list.

A THREAD OF THREADS 🙂👇
2/n

*On PERSONAL FINANCE*

A thread on my journey till date in the world of markets and investing, mostly highlighting my mistakes as a beginner .

3/n

*On owning a house *

Having your own space is a dream for all of us .
But is it worth taking an exorbitant loan early on ?

Read 17 tweets
13 Nov 20
1/31
My takeaways from the best seller
#ThePsychologyOfMoney by @morganhousel

It beautifully encapsulates , via chapters , the most under rated factor in investing - The Psychological aspect of it .

Do read the book :)
#BookRecommendations
#booklovers
2/31
CHAPTER 1

What we experience early on (in our adult life) is more compelling than what we learn second hand, which is why each person thinks about #Risk & #Reward DIFFERENTLY.

In theory we SHOULD make our investments based on OUR goals & options available.
3/31

However we tend to include our unique experiences of how the world works (albeit with incomplete information) which might seem crazy to others .

* Spreadsheets cannot replicate human emotions which is why no amount of studying can make one truly UNDERSTAND the underlying.
Read 31 tweets
6 Nov 20
1/14
* HOW TO BECOME RICH THIS DIWALI 🤑 *

With Diwali around the corner along with our economy rebounding , only fair that we be bombarded with "PATAKA STOCKS" by EXPERTS from Indore to the enthusiastic newbie who made 30% returns on his portfolio ( of ₹10,000) in 1 week 🙄
2/14
So here are my 2 cents gently reminding how much of WEALTH has ACTUALLY been created for the enthusiastic retailers by PATAKA / PENNY / MULTI BAGGER stocks recommended in the past few years .

DISCLAIMER : Being a learner, I am mostly wrong 😇🙏
To each his own .
3/14
A small snapshot of a few Penny stocks ( using this word a little liberally here ) that were recommended LEFT , RIGHT AND CENTRE on Social Media & how they are doing currently :))

P.S - These are still recommended to newbies with the recount of their glorious past ! 🤦
Read 14 tweets
28 Oct 20
1/8
Often hear salaried people complaining about volatility being the reason they stay away from markets .
IMHO I feel #volatility is not risk . It's actually an opportunity to be capitalised upon sensibly .
( T&C being applicable as always*)
A few pointers on the same.
2/8
* Being salaried helps immensely as one gets a fixed sum of money monthly . Less uncertainty of cash inflows aids in better decision making as we don't resort in knee jerk reactions .

* With proper planning one can keep aside money to invest systematically in markets.
3/8
* In the event of a sudden melt down we won't be forced to sell our holdings for want of money for next month's expenses.

* Thereby , we ensure we do not interrupt the process of #compounding . Otherwise, one is forced to sell even good stocks for want of money . 🤷
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!