Jennifer Baez

The

global economy is structured around growth — the idea that firms, industries and nations must increase production every year, regardless of whether it is needed. 

“Enough” is not too little.

The idea of having “enough” might look like conservatism, leaving opportunity and potential on the table.

I don’t think that’s right.

“Enough” is realizing that the opposite—an insatiable appetite for more—will push you to the point of regret.

Reputation is invaluable.

Freedom and independence are invaluable.

Family and

Psychology research is clear that the most reliable way to overcome psychological pain and discomfort is not to avoid it; it’s to gradually dimish the effects of discomfort by systematic exposure. “Avoiding triggers is a symptom of PTSD, not a treatment for it,” write Haidt and Lukianoff.

In other words, the more you face cognitive friction, the

Because of feedback delays within complex systems, by the time a problem becomes apparent may be unnecessarily difficult to solve.

With it comes something that often goes overlooked: Do not aim to be coldly rational when making financial decisions. Aim to just be pretty reasonable. Reasonable is more realistic and you have a better chance of sticking with it for the long run, which is what matters most when managing money.

Social scientists have long known that we tend to be overconfident when we evaluate ourselves. Here are some highlights of their findings: High school seniors: 70 percent report that they have "above average” leadership skills, compared with 2 percent "below average"; in the ability to get along with others, 25 percent rate themselves in the top 1