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Pay attention to power law distributions « Jack Altman


Pay attention to power law distributions Jack Altman

Source: jackealtman.com

Stashed in: #lifehacks, Economics!, #happiness, Time, Wisdom, Retweet this., Decisions, Money!, Business Advice, Productivity, Attention, Think!, Awesome, Email, Kaizen, Charts!, Growth Mindset

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We spend money on a lot of things that don’t provide us with that much happiness, but a small number of purchases produce amazing returns for our happiness (think your favorite shirt, an incredible pillow, a perfect gift for a friend, or maybe even the dopamine-releasing iPhone, despite the offsetting high cost).

The curve for our time investments is probably even more pronounced. Sometimes we spend hours making little progress on problems that won’t even be that helpful if solved, and other times we spend 30 seconds writing an email that turns out to be hugely valuable in our personal or business lives.

It's important to do some of those low-cost, high-return items every day.

That has huge payoffs in the long run AND regular payoffs in the short-term too.

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