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		<title>Scrum Changed How I Run Projects. Here Are the 15 Lessons That Actually Stuck</title>
		<link>https://blog.prashantaggarwal.com/the-art-of-doing-twice-the-work-in-half-the-time/</link>
					<comments>https://blog.prashantaggarwal.com/the-art-of-doing-twice-the-work-in-half-the-time/#respond</comments>
		
		<dc:creator><![CDATA[prashant]]></dc:creator>
		<pubDate>Fri, 05 Nov 2021 13:38:45 +0000</pubDate>
				<category><![CDATA[Book Reviews]]></category>
		<category><![CDATA[Career Notes]]></category>
		<category><![CDATA[Decision Making]]></category>
		<category><![CDATA[Book Review]]></category>
		<category><![CDATA[Book Summary]]></category>
		<category><![CDATA[Career]]></category>
		<category><![CDATA[Change Habits]]></category>
		<category><![CDATA[good habits]]></category>
		<category><![CDATA[Profession]]></category>
		<guid isPermaLink="false">https://prashantaggarwal.com/?p=357</guid>

					<description><![CDATA[<p>TL;DR Scrum by Jeff Sutherland is about doing complex work faster by working in short sprints, reviewing constantly, and cutting everything that doesn&#8217;t move the needle. I&#8217;ve applied this framework to brand campaigns, project planning and my own daily work. These are the 15 lessons that are actually worth knowing. Most productivity frameworks are designed ... <a title="Scrum Changed How I Run Projects. Here Are the 15 Lessons That Actually Stuck" class="read-more" href="https://blog.prashantaggarwal.com/the-art-of-doing-twice-the-work-in-half-the-time/" aria-label="More on Scrum Changed How I Run Projects. Here Are the 15 Lessons That Actually Stuck">Read more</a></p>
<p>The post <a href="https://blog.prashantaggarwal.com/the-art-of-doing-twice-the-work-in-half-the-time/">Scrum Changed How I Run Projects. Here Are the 15 Lessons That Actually Stuck</a> appeared first on <a href="https://blog.prashantaggarwal.com">PRASHANT AGGARWAL</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><!-- ============================================================ POST A1: SCRUM / ART OF DOING TWICE THE WORK NEW TITLE: "Scrum Changed How I Run Projects. Here Are the 15 Lessons That Actually Stuck." YOAST KEYWORD: scrum book summary ============================================================ --></p>
<div style="background:#f7f4ef;border-left:4px solid #c4421a;padding:20px 24px;margin:0 0 40px 0;">
<p style="font-size:13px;font-weight:600;letter-spacing:0.12em;text-transform:uppercase;color:#c4421a;margin:0 0 10px 0;">TL;DR</p>
<p style="margin:0;font-size:16px;line-height:1.7;color:#1a1814;">Scrum by Jeff Sutherland is about doing complex work faster by working in short sprints, reviewing constantly, and cutting everything that doesn&#8217;t move the needle. I&#8217;ve applied this framework to brand campaigns, project planning and my own daily work. These are the 15 lessons that are actually worth knowing.</p>
</div>
<p>Most productivity frameworks are designed for individual output. Scrum is designed for teams working on complex problems where requirements change, outcomes are uncertain, and traditional planning fails. That describes almost every marketing project I&#8217;ve ever worked on.</p>
<p>Jeff Sutherland co-created Scrum for software development, but its principles apply well beyond code. After reading this book, I restructured how I approach brand campaign planning — and the difference was noticeable. Here&#8217;s what actually mattered.</p>
<h2>1. Waterfall planning is built for failure</h2>
<p>Traditional project management assumes you can plan everything upfront, execute linearly, and deliver on time. Sutherland&#8217;s argument is that this approach fails consistently on complex projects because requirements change, unknowns emerge, and the plan becomes obsolete before execution begins. Most marketing projects I&#8217;ve seen fail in exactly this way — over-planned at the start, under-resourced in the middle, scrambled at the end.</p>
<h2>2. Work in sprints, not long timelines</h2>
<p>A sprint is a fixed, short work period — usually 1-4 weeks — at the end of which you have a working, reviewable output. Instead of planning 6 months and delivering once, you plan 2 weeks and deliver repeatedly. The feedback loops tighten dramatically. Errors get caught early. This one principle alone changes how teams work.</p>
<h2>3. The daily standup has one purpose: remove blockers</h2>
<p>Three questions. What did you do yesterday? What are you doing today? What&#8217;s blocking you? That&#8217;s it. Fifteen minutes maximum. The standup is not a status report — it&#8217;s a blocker identification mechanism. Every minute spent on status reporting in a standup is wasted.</p>
<h2>4. Velocity is the only productivity metric that matters</h2>
<p>Sutherland measures team output in &#8220;story points&#8221; — units of work complexity completed per sprint. Velocity is how many story points a team completes consistently. The insight: once you know your velocity, you can predict delivery reliably. Without it, every timeline estimate is fiction.</p>
<h2>5. Multitasking destroys output — it doesn&#8217;t enhance it</h2>
<p>Sutherland cites research showing that switching between tasks has a significant cognitive cost. Working on 3 things simultaneously doesn&#8217;t produce 3x the output — it produces roughly 40% of the output of focused single-task work. One thing at a time, completely, before moving to the next.</p>
<h2>6. Prioritise the backlog ruthlessly</h2>
<p>The product backlog is the list of everything that needs doing. The key discipline is ruthless prioritisation — only the top items get worked on, and the list is constantly re-ranked based on value. In marketing terms: not everything on the brand plan needs to happen. What moves the most important needle this sprint?</p>
<h2>7. Definition of Done eliminates ambiguity</h2>
<p>Every task needs a clear, agreed definition of what &#8220;done&#8221; means before work begins. Without this, work expands indefinitely, quality varies, and handoffs break down. In my experience this is one of the most underused practices in marketing teams — &#8220;done&#8221; is often vague until someone is unhappy with the output.</p>
<h2>8. Inspect and adapt — every sprint, without exception</h2>
<p>At the end of every sprint, hold a retrospective: what went well, what didn&#8217;t, what will you change next sprint. The discipline is doing this even when the sprint went fine. Continuous improvement is not a crisis response — it&#8217;s a regular cadence.</p>
<h2>9. Technical debt in projects works exactly like financial debt</h2>
<p>Every shortcut you take — the quick fix, the process skipped, the documentation deferred — becomes debt that must be paid back later, usually at a worse time and with interest. This maps directly onto what Zero to Scale argues about business building. Shortcuts compound negatively.</p>
<h2>10. Happiness drives performance, not the other way around</h2>
<p>Sutherland references research showing that happy teams are significantly more productive than unhappy ones — and that happiness is measurable and manageable. The implication for team leaders is that morale is not soft — it&#8217;s a performance variable with measurable output impact.</p>
<h2>11. The team must own the process</h2>
<p>Top-down process imposition kills Scrum. The team decides how to work, how to structure sprints, how to run retrospectives. Management provides the goal and removes obstacles. Micro-management and Scrum are incompatible.</p>
<h2>12. Waste is the enemy — identify and eliminate it constantly</h2>
<p>Drawn from lean manufacturing principles: identify every activity that doesn&#8217;t add value to the final output and eliminate it. In marketing this includes meetings that produce no decisions, approval chains that add no quality, and reporting that nobody acts on.</p>
<h2>13. Heroics are a failure mode, not a success story</h2>
<p>When a project requires someone to work nights and weekends to deliver, that&#8217;s not a success — it&#8217;s a system failure. Sustainable pace is a design principle. Teams that regularly require heroics are teams with broken planning, not teams with impressive work ethic.</p>
<h2>14. Cross-functional teams outperform specialist silos</h2>
<p>A team with all the skills needed to complete work from start to finish outperforms a chain of specialist handoffs. In marketing this argues for integrated teams over siloed functions — strategy, creative, data, and execution in the same room.</p>
<h2>15. The Scrum Master&#8217;s job is to remove obstacles, not manage people</h2>
<p>The Scrum Master is a servant leader — not a project manager, not a boss. Their only job is to ensure the team can work without friction. This role is consistently misunderstood and misapplied in organisations that adopt Scrum without understanding its philosophy.</p>
<h2>My honest take</h2>
<p>Scrum is most powerful for software and product teams. Applying it wholesale to marketing doesn&#8217;t always work — campaign timelines, agency dependencies, and approval processes don&#8217;t always fit neatly into 2-week sprints.</p>
<p>But the underlying principles — short feedback loops, ruthless prioritisation, defining done, eliminating waste, sustainable pace — are universally applicable. I&#8217;ve taken these principles into brand planning cycles and they&#8217;ve made my work more focused and less chaotic. That&#8217;s worth the read.</p>
<p>If the project management angle interests you, my take on <a href="https://blog.prashantaggarwal.com/learnings-from-getting-things-done-book/">Getting Things Done</a> covers the individual productivity side of the same problem. And the structural thinking in <a href="https://blog.prashantaggarwal.com/how-to-scale-a-business-zero-to-scale/">Zero to Scale</a> applies the same &#8220;build correctly from the start&#8221; logic to business building.</p>
<div style="background:#f7f4ef;border-top:2px solid #1a1814;padding:24px;margin:40px 0 0 0;">
<p style="font-size:13px;font-weight:600;letter-spacing:0.1em;text-transform:uppercase;color:#1a1814;margin:0 0 8px 0;">About the author</p>
<p style="margin:0;font-size:15px;line-height:1.7;color:#4a4740;">Prashant Aggarwal is a Brand Manager with 12+ years in consumer goods. He writes about marketing, decision-making and investing at <a href="https://prashantaggarwal.com">prashantaggarwal.com</a></p>
</div>
<p>The post <a href="https://blog.prashantaggarwal.com/the-art-of-doing-twice-the-work-in-half-the-time/">Scrum Changed How I Run Projects. Here Are the 15 Lessons That Actually Stuck</a> appeared first on <a href="https://blog.prashantaggarwal.com">PRASHANT AGGARWAL</a>.</p>
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		<title>Getting Things Done by David Allen: What Actually Works, What Doesn&#8217;t</title>
		<link>https://blog.prashantaggarwal.com/learnings-from-getting-things-done-book/</link>
					<comments>https://blog.prashantaggarwal.com/learnings-from-getting-things-done-book/#respond</comments>
		
		<dc:creator><![CDATA[prashant]]></dc:creator>
		<pubDate>Tue, 02 Nov 2021 06:23:39 +0000</pubDate>
				<category><![CDATA[Book Reviews]]></category>
		<category><![CDATA[Career Notes]]></category>
		<category><![CDATA[Decision Making]]></category>
		<category><![CDATA[Book Review]]></category>
		<category><![CDATA[Book Summary]]></category>
		<category><![CDATA[good habits]]></category>
		<category><![CDATA[Good Reads]]></category>
		<category><![CDATA[Profession]]></category>
		<guid isPermaLink="false">https://prashantaggarwal.com/?p=363</guid>

					<description><![CDATA[<p>TL;DR Getting Things Done (GTD) by David Allen is the most complete personal productivity system ever written. The full system is too complex for most people to maintain. But the underlying principles — capture everything, clarify next actions, and get things out of your head — are genuinely transformative. Here&#8217;s what&#8217;s worth keeping and what&#8217;s ... <a title="Getting Things Done by David Allen: What Actually Works, What Doesn&#8217;t" class="read-more" href="https://blog.prashantaggarwal.com/learnings-from-getting-things-done-book/" aria-label="More on Getting Things Done by David Allen: What Actually Works, What Doesn&#8217;t">Read more</a></p>
<p>The post <a href="https://blog.prashantaggarwal.com/learnings-from-getting-things-done-book/">Getting Things Done by David Allen: What Actually Works, What Doesn&#8217;t</a> appeared first on <a href="https://blog.prashantaggarwal.com">PRASHANT AGGARWAL</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><!-- ============================================================ POST A6: GETTING THINGS DONE NEW TITLE: "Getting Things Done by David Allen: What Actually Works, What Doesn't" YOAST KEYWORD: getting things done summary ============================================================ --></p>
<div style="background:#f7f4ef;border-left:4px solid #c4421a;padding:20px 24px;margin:0 0 40px 0;">
<p style="font-size:13px;font-weight:600;letter-spacing:0.12em;text-transform:uppercase;color:#c4421a;margin:0 0 10px 0;">TL;DR</p>
<p style="margin:0;font-size:16px;line-height:1.7;color:#1a1814;">Getting Things Done (GTD) by David Allen is the most complete personal productivity system ever written. The full system is too complex for most people to maintain. But the underlying principles — capture everything, clarify next actions, and get things out of your head — are genuinely transformative. Here&#8217;s what&#8217;s worth keeping and what&#8217;s safe to skip.</p>
</div>
<p>I have a complicated relationship with Getting Things Done. I&#8217;ve tried to implement the full GTD system twice. Both times I maintained it for about three months before the system itself became another thing to manage.</p>
<p>But the parts of GTD that I&#8217;ve actually kept — the principles underneath the elaborate methodology — have permanently changed how I work. The system is too much. The ideas are excellent.</p>
<h2>The core insight: your brain is for thinking, not storing</h2>
<p>Allen&#8217;s central argument is that the human brain is terrible at tracking open loops — unresolved tasks, pending commitments, things you need to remember. Every open loop consumes cognitive bandwidth, creates low-level anxiety, and reduces the mental space available for actual thinking.</p>
<p>The solution: capture everything outside your head into a trusted system. Not because you&#8217;ll necessarily do everything — but because the act of capture closes the loop psychologically, freeing up mental resources.</p>
<p>This one idea, properly applied, is worth the entire book.</p>
<h2>The two-minute rule</h2>
<p>If a task takes less than two minutes, do it immediately. Don&#8217;t add it to a list. Don&#8217;t schedule it. Just do it. The overhead of capturing, tracking, and revisiting a two-minute task costs more than the task itself.</p>
<p>I apply this constantly and it eliminates a significant amount of low-level clutter from my work and personal life.</p>
<h2>Next action thinking</h2>
<p>The most actionable GTD principle: every item on your to-do list should be a specific, physical, visible next action — not a project or an outcome. &#8220;Prepare Q3 brand review&#8221; is not a next action. &#8220;Open last year&#8217;s Q3 review file and identify three key changes&#8221; is a next action.</p>
<p>Vague to-do items create procrastination because the brain can&#8217;t execute on ambiguity. Specific next actions remove the decision-making step from execution. This principle alone transforms most to-do lists from source of anxiety to source of clarity.</p>
<h2>The weekly review</h2>
<p>GTD requires a weekly review — a regular pass through all your lists, projects, and commitments to ensure the system is current and trusted. Allen is emphatic: without the weekly review, the system breaks down and your brain stops trusting it.</p>
<p>This is both the most important and most commonly skipped element of GTD. I&#8217;ve settled on a lighter version — 20 minutes on Sunday evening — which maintains enough system integrity without requiring the full 90-minute GTD review.</p>
<h2>Projects vs next actions</h2>
<p>GTD defines a project as any outcome that requires more than one action. Most items on most to-do lists are actually projects, not tasks. Recognising this is important because projects need to be broken down — the to-do list should contain next actions, not projects.</p>
<h2>The capture habit</h2>
<p>Allen advocates for ubiquitous capture — capturing every idea, task, and commitment the moment it occurs, before it&#8217;s lost. The tool doesn&#8217;t matter: notebook, phone app, voice memo. What matters is having a single trusted inbox and clearing it regularly.</p>
<p>For people whose work involves creative thinking — which includes most marketing work — this habit is probably the highest-leverage change you can make to your productivity.</p>
<h2>What I actually kept from GTD</h2>
<p>The full system — with its elaborate folder structures, context lists, tickler files and weekly reviews — is more than most people will maintain. What I&#8217;ve kept: capture everything immediately, convert everything to specific next actions, do the two-minute tasks immediately, and review weekly.</p>
<p>That&#8217;s roughly 20% of the GTD system and it delivers roughly 80% of the value. The rest is for people who enjoy the system itself as much as the output it produces.</p>
<p>If you&#8217;re thinking about how to manage complex project work in teams rather than just individually, my <a href="https://blog.prashantaggarwal.com/scrum-book-summary-15-key-lessons-from-jeff-sutherland/">Scrum summary</a> covers the team equivalent of GTD&#8217;s individual principles. And the underlying psychology of why these systems work is well explained in the <a href="https://blog.prashantaggarwal.com/learnings-from-thinking-fast-and-slow-book/">Thinking Fast and Slow summary</a>.</p>
<div style="background:#f7f4ef;border-top:2px solid #1a1814;padding:24px;margin:40px 0 0 0;">
<p style="font-size:13px;font-weight:600;letter-spacing:0.1em;text-transform:uppercase;color:#1a1814;margin:0 0 8px 0;">About the author</p>
<p style="margin:0;font-size:15px;line-height:1.7;color:#4a4740;">Prashant Aggarwal is a Brand Manager with 12+ years in consumer goods. He writes about marketing, decision-making and investing at <a href="https://prashantaggarwal.com">prashantaggarwal.com</a></p>
</div>
<p>The post <a href="https://blog.prashantaggarwal.com/learnings-from-getting-things-done-book/">Getting Things Done by David Allen: What Actually Works, What Doesn&#8217;t</a> appeared first on <a href="https://blog.prashantaggarwal.com">PRASHANT AGGARWAL</a>.</p>
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		<title>The Cashflow Quadrant Explained: Why Most People Are Stuck in the Wrong Box</title>
		<link>https://blog.prashantaggarwal.com/rich-dad-cashflow-quadrant/</link>
					<comments>https://blog.prashantaggarwal.com/rich-dad-cashflow-quadrant/#respond</comments>
		
		<dc:creator><![CDATA[prashant]]></dc:creator>
		<pubDate>Thu, 30 Sep 2021 09:30:08 +0000</pubDate>
				<category><![CDATA[Book Reviews]]></category>
		<category><![CDATA[Career Notes]]></category>
		<category><![CDATA[Markets & Money]]></category>
		<category><![CDATA[Book Review]]></category>
		<category><![CDATA[Career]]></category>
		<category><![CDATA[Change Habits]]></category>
		<category><![CDATA[good habits]]></category>
		<category><![CDATA[Good Reads]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[Rich Dad]]></category>
		<guid isPermaLink="false">https://prashantaggarwal.com/?p=367</guid>

					<description><![CDATA[<p>TL;DR Robert Kiyosaki&#8217;s Cashflow Quadrant divides income earners into four types: Employee, Self-Employed, Business Owner, and Investor. The book argues that financial freedom comes from moving toward the right side of the quadrant. It&#8217;s a useful mental model — even if the book itself oversimplifies. Here&#8217;s what&#8217;s worth understanding. The Cashflow Quadrant isn&#8217;t really about ... <a title="The Cashflow Quadrant Explained: Why Most People Are Stuck in the Wrong Box" class="read-more" href="https://blog.prashantaggarwal.com/rich-dad-cashflow-quadrant/" aria-label="More on The Cashflow Quadrant Explained: Why Most People Are Stuck in the Wrong Box">Read more</a></p>
<p>The post <a href="https://blog.prashantaggarwal.com/rich-dad-cashflow-quadrant/">The Cashflow Quadrant Explained: Why Most People Are Stuck in the Wrong Box</a> appeared first on <a href="https://blog.prashantaggarwal.com">PRASHANT AGGARWAL</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><!-- ============================================================ POST A4: CASHFLOW QUADRANT NEW TITLE: "The Cashflow Quadrant Explained: Why Most People Are Stuck in the Wrong Box" YOAST KEYWORD: cashflow quadrant explained ============================================================ --></p>
<div style="background:#f7f4ef;border-left:4px solid #c4421a;padding:20px 24px;margin:0 0 40px 0;">
<p style="font-size:13px;font-weight:600;letter-spacing:0.12em;text-transform:uppercase;color:#c4421a;margin:0 0 10px 0;">TL;DR</p>
<p style="margin:0;font-size:16px;line-height:1.7;color:#1a1814;">Robert Kiyosaki&#8217;s Cashflow Quadrant divides income earners into four types: Employee, Self-Employed, Business Owner, and Investor. The book argues that financial freedom comes from moving toward the right side of the quadrant. It&#8217;s a useful mental model — even if the book itself oversimplifies. Here&#8217;s what&#8217;s worth understanding.</p>
</div>
<p>The Cashflow Quadrant isn&#8217;t really about money. It&#8217;s about how you think about money — and more specifically, about the assumptions baked into how you earn it.</p>
<p>Most people inherit a single mental model for financial life: get a good education, get a good job, work hard, save, retire. This model is not wrong. But it&#8217;s not the only model. And for a large number of people, it&#8217;s producing outcomes that don&#8217;t match their expectations.</p>
<p>Kiyosaki&#8217;s framework is simple but genuinely useful for examining which model you&#8217;re operating under — and whether it&#8217;s getting you where you want to go.</p>
<h2>The four quadrants explained</h2>
<h3>E — Employee</h3>
<p>Employees trade time for money. Income is capped by hours worked and market rate for skills. Security comes from the employer, not from the individual. The primary fear: losing the job. The primary goal: salary increases and job stability. Most people spend their entire careers here.</p>
<h3>S — Self-Employed</h3>
<p>Self-employed individuals own their job but haven&#8217;t built a system. A freelance consultant, a doctor with a private practice, a lawyer who is their own firm. Income is higher than E but more variable, and the business stops when the person stops. The trap: if you&#8217;re not working, you&#8217;re not earning.</p>
<h3>B — Business Owner</h3>
<p>Business owners build systems that generate income whether or not they&#8217;re personally working. The business runs on processes, teams, and leverage — not on the owner&#8217;s individual time. This is the structural shift Kiyosaki argues for. It requires a different mindset from E and S — you&#8217;re building an asset, not performing a service.</p>
<h3>I — Investor</h3>
<p>Investors make money work for them. Capital deployed in assets — stocks, real estate, businesses — generates returns without active labour. This is the quadrant Kiyosaki argues represents true financial freedom: income that doesn&#8217;t require your time.</p>
<h2>Why most people stay in E and S</h2>
<p>The left side of the quadrant (E and S) is familiar, socially validated, and immediately rewarding. A salary hits your account monthly. A freelance invoice gets paid. The right side (B and I) requires building before earning, tolerating uncertainty, and developing capabilities most formal education never teaches.</p>
<p>Kiyosaki&#8217;s argument is that the tax system, the financial system, and cultural norms are all designed around the left side — and that people who want different outcomes need to understand the right side intentionally.</p>
<h2>What I actually took from this</h2>
<p>I read this book early in my career and found it genuinely perspective-shifting — not because I was going to immediately quit my job and start businesses, but because it gave me a framework for thinking about financial decisions differently.</p>
<p>The specific insight I&#8217;ve carried: the goal of investing isn&#8217;t just wealth accumulation — it&#8217;s building income streams that don&#8217;t require your time. Every rupee invested in a SIP, every stock position held for the long term, is a small movement toward the I quadrant. That framing made consistent investing feel purposeful rather than just prudent.</p>
<h2>My honest take on the book</h2>
<p>Kiyosaki is a polarising author. His books oversimplify, his tone can be preachy, and some of his specific financial advice is questionable. The Cashflow Quadrant as a concept is more valuable than any individual book he&#8217;s written.</p>
<p>Read it for the mental model. Be skeptical of the prescriptions. The framework for thinking about how you earn money is worth your time. The specific investment advice should be filtered carefully.</p>
<p>If you&#8217;re thinking about the investor quadrant practically, my piece on <a href="https://blog.prashantaggarwal.com/why-investing-early-20s-brilliant-idea/">why starting to invest early creates a compounding gap that&#8217;s almost impossible to close</a> is relevant. And if you want to understand the psychology behind financial decisions, the <a href="https://blog.prashantaggarwal.com/learnings-from-thinking-fast-and-slow-book/">Thinking Fast and Slow summary</a> covers the behavioural biases that keep most people stuck in the wrong quadrant.</p>
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<p style="font-size:13px;font-weight:600;letter-spacing:0.1em;text-transform:uppercase;color:#1a1814;margin:0 0 8px 0;">About the author</p>
<p style="margin:0;font-size:15px;line-height:1.7;color:#4a4740;">Prashant Aggarwal is an active stock trader and Brand Manager based in New Delhi. He writes about investing, marketing and decision-making at <a href="https://prashantaggarwal.com">prashantaggarwal.com</a></p>
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<p>The post <a href="https://blog.prashantaggarwal.com/rich-dad-cashflow-quadrant/">The Cashflow Quadrant Explained: Why Most People Are Stuck in the Wrong Box</a> appeared first on <a href="https://blog.prashantaggarwal.com">PRASHANT AGGARWAL</a>.</p>
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		<title>6 learnings from Think and Grow Rich by Napoleon Hill</title>
		<link>https://blog.prashantaggarwal.com/think-and-grow-rich-napoleon-hill/</link>
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		<dc:creator><![CDATA[prashant]]></dc:creator>
		<pubDate>Wed, 21 Jul 2021 14:24:57 +0000</pubDate>
				<category><![CDATA[Book Reviews]]></category>
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		<category><![CDATA[Career]]></category>
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		<guid isPermaLink="false">https://prashantaggarwal.com/?p=413</guid>

					<description><![CDATA[<p>Think and Grow Rich by Napoleon Hill &#8220;Think and Grow Rich&#8221; is a book written by Napoleon Hill back in 1937. It is one of the key factors that has made people think that it is important to follow his teachings and apply them to their lives. The reason why this book is so popular ... <a title="6 learnings from Think and Grow Rich by Napoleon Hill" class="read-more" href="https://blog.prashantaggarwal.com/think-and-grow-rich-napoleon-hill/" aria-label="More on 6 learnings from Think and Grow Rich by Napoleon Hill">Read more</a></p>
<p>The post <a href="https://blog.prashantaggarwal.com/think-and-grow-rich-napoleon-hill/">6 learnings from Think and Grow Rich by Napoleon Hill</a> appeared first on <a href="https://blog.prashantaggarwal.com">PRASHANT AGGARWAL</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2><a href="https://en.wikipedia.org/wiki/Think_and_Grow_Rich">Think and Grow Rich</a> by Napoleon Hill</h2>
<p><img fetchpriority="high" decoding="async" class="size-medium wp-image-469 alignright" src="https://mlrz1d6hzu0s.i.optimole.com/w:208/h:300/q:mauto/f:best/https://blog.prashantaggarwal.com/wp-content/uploads/2021/07/Pinterest-Image-for-Think-and-Grow-Rich-Prashant-Aggarwal.jpg" alt="Think and Grow Rich by Napoleon Hill - Prashant Aggarwal" width="208" height="300" /></p>
<p>&#8220;Think and Grow Rich&#8221; is a book written by Napoleon Hill back in 1937. It is one of the key factors that has made people think that it is important to follow his teachings and apply them to their lives. The reason why this book is so popular is that it contains many useful lessons on how to become wealthy, independent, and successful. In this Think and Grow Rich book review, you will get a general overview of what it offers.</p>
<h4>1. Think Optimally</h4>
<p>The first thing that you will learn from reading this book is how to think optimally. This means that you have to be fully aware of what you are doing in every moment of your life. It is important that you do not get sidetracked and allow yourself to get distracted with other things that don&#8217;t really matter. If you do not think of something important, then chances are you will not ever get it done.</p>
<h4>2. Prioritize your tasks</h4>
<p>The second important point is prioritizing your tasks. You have to set aside time each day that you will use for work. It doesn&#8217;t matter if this task only lasts for a couple of minutes or if it takes you an entire day, but you have to do it. If you don&#8217;t, then chances are you will be procrastinating and you will never get anything done.</p>
<h4><img decoding="async" class="alignnone" src="https://i.imgur.com/4LbN9Gw.jpg" alt="Think and grow rich book by Napoleon Hill" width="251" height="251" align="right" /></h4>
<h4>3. Learn to be Grateful</h4>
<p>The third important point is learning to be grateful. When you are feeling down and depressed, you tend to lose perspective and you might get tempted to let go of something important. However, this is the last thing that you should do because letting go of something important will just get you more depressed. In order to think well, you have to keep perspective and keep on reminding yourself of all the things that you have that you are grateful for.</p>
<h4>4. Be positive</h4>
<p>The fourth key point is getting rid of the negative thoughts that you have about yourself. When you feel low and you have negative thoughts about yourself, you will be prone to depression. It is important to learn how to let go of negative thoughts. If you can, start imagining what your perfect life is. Think about everything that you could have and what you have dreamed about.</p>
<h4>5. Self Esteem is Important</h4>
<p>The main topic that is covered in this eBook is called &#8220;self-esteem&#8221;. This is something that everyone has to have in order to succeed. You should learn how to build it up and learn to trust it. Once you start believing in yourself, you will be able to reach the goals that you set for yourself. It all starts with having a positive attitude and reading this Think and Grow Rich book will help you achieve that.</p>
<p><strong>6. Be consistent</strong></p>
<p>The fifth and final point is by doing this every single day, you will train your brain to think better. You can read think about a thing and then write it on a piece of paper and start mumbling it out. What you will get is a subconscious effect where your brain will start to believe that you already possess that thing. This is the process called positive thinking and it&#8217;s important to do this every single day. This is one of the reasons why you will see so many people successful.</p>
<p><strong><em>To conclude, this is a great guide that will not only help you think better but get rich faster. It is important to read this with the person who helped you get started because you will get so much from reading this. This is a must-read no matter if you are already successful or you still want to be.</em></strong></p>
<p>The reason why you won&#8217;t just hear success stories is that they don&#8217;t tell enough. They can&#8217;t. They cover some aspects of life and the problems they went through in order to get to where they are today, but they won&#8217;t focus on the successes. You have to do that yourself. You have to read and learn everything there is to learn.</p>
<p>This is a Think and Grow Rich book review that you shouldn&#8217;t miss. It will help you learn how to think well and get rich at the same time. There is no secret that only those who have wealth can understand. Everyone can do it if they just put their mind to it. Start today and read this book and you will be on your way to getting wealthy quickly.</p>
<p><span data-preserver-spaces="true">If you found my post helpful, then do share it with your friends and colleagues. If you have any feedback/questions, you may leave a comment below.</span></p>
<p><a class="editor-rtfLink" href="https://blog.prashantaggarwal.com/about-me/" target="_blank" rel="noopener"><span data-preserver-spaces="true">Click here to know more about me</span></a><span data-preserver-spaces="true">.</span></p>
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<p>The post <a href="https://blog.prashantaggarwal.com/think-and-grow-rich-napoleon-hill/">6 learnings from Think and Grow Rich by Napoleon Hill</a> appeared first on <a href="https://blog.prashantaggarwal.com">PRASHANT AGGARWAL</a>.</p>
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		<title>Why Investing early in 20s is a brilliant idea?</title>
		<link>https://blog.prashantaggarwal.com/why-you-should-start-investing-early/</link>
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		<dc:creator><![CDATA[prashant]]></dc:creator>
		<pubDate>Sat, 10 Jul 2021 13:51:25 +0000</pubDate>
				<category><![CDATA[Stock Market]]></category>
		<category><![CDATA[day trading]]></category>
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		<guid isPermaLink="false">https://prashantaggarwal.com/?p=400</guid>

					<description><![CDATA[<p>Why you should start investing early? Simply put, there are two reasons. One, you will have compound returns. Two, compound returns are what got us into the recession in the first place. Let&#8217;s understand. Power of Compounding Compound earnings refer to a steady stream of income over a long period of time. So, if you&#8217;ve ... <a title="Why Investing early in 20s is a brilliant idea?" class="read-more" href="https://blog.prashantaggarwal.com/why-you-should-start-investing-early/" aria-label="More on Why Investing early in 20s is a brilliant idea?">Read more</a></p>
<p>The post <a href="https://blog.prashantaggarwal.com/why-you-should-start-investing-early/">Why Investing early in 20s is a brilliant idea?</a> appeared first on <a href="https://blog.prashantaggarwal.com">PRASHANT AGGARWAL</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>Why you should start <a href="https://www.hdfcfund.com/learn/beginner/investments/importance-starting-early#:~:text=Investing%20early%20can%20give%20you,make%20your%20investments%20grow%20exponentially.">investing early</a>?</h2>
<p><img decoding="async" class="size-medium wp-image-425 alignright" src="https://mlrz1d6hzu0s.i.optimole.com/w:208/h:300/q:mauto/f:best/https://blog.prashantaggarwal.com/wp-content/uploads/2021/07/Pinterest-Image-for-Investing-in-20s-Prashant-Aggarwal.jpg" alt="Investing early in 20s - Prashant Aggarwal" width="208" height="300" /></p>
<p>Simply put, there are two reasons. One, you will have compound returns. Two, compound returns are what got us into the recession in the first place. Let&#8217;s understand.</p>
<h2>Power of Compounding</h2>
<p>Compound earnings refer to a steady stream of income over a long period of time. So, if you&#8217;ve been saving for retirement, compound earnings will give you enough money to cover your retirement payments without having to save much at all. If, on the other hand, you&#8217;ve been relying on interest income to pay your bills, you&#8217;re going to be very disappointed with your retirement fund. Why you should start saving earlier? It&#8217;s because compound returns take years to achieve and they don&#8217;t come easily.</p>
<p>Here&#8217;s another example. Let&#8217;s say you&#8217;ve saved a hundred dollars a month into a savings account and intend to retire at 65. At retirement, if you were to invest the same amount in a taxable account, you&#8217;d probably earn about seven percent per year. If you were to invest the same amount in a no-tax or you could earn four to six percent per year!</p>
<p>So, if you start investing early. Ten years later, you would be enjoying those nice compound returns. But, because you&#8217;ve held your investment for so long, you would have built a lot of compound interest. And, ten years ago, you probably couldn&#8217;t imagine living that lifestyle. You may very well think you are being over-optimistic. And, you may very well be. But, wouldn&#8217;t you rather enjoy those returns now, than wait until retirement?</p>
<p><img decoding="async" class="alignright" src="https://i.imgur.com/Pz3HTtw.png" alt="Why you should start investing early" width="376" height="226" align="left" /></p>
<p>There are several ways to grow your portfolio when you&#8217;re young and developing your nest egg for retirement. The best strategy starts while you are still young, as it will increase your returns over the next decade. That means investing during your childhood years. Think about it&#8230; how many parents save their first salaries while their kids are still young, and grow their nest egg during the good years of their own childhood? Probably none.</p>
<p>&nbsp;</p>
<p>The most obvious strategy for investing while you are young is to contribute to a no-tax retirement account. Of course, this type of traditional savings accounts charge a tax on the gains, but the earnings compound annually, which means compound return potential. After all, what&#8217;s an additional twenty percent when you are building your nest egg?</p>
<p>In summary, I&#8217;ve given you some reasons why you should start investing in your own money now. You can build your nest egg while you are young and use that money to invest in stocks, bonds, CDs, and more. You&#8217;ll earn far more money than you would do everything with conventional savings or investment plan. Start now!</p>
<p>Now, let&#8217;s talk about how compounding works. When you compound your investments over time, you are essentially paying taxes off on the gains that you make. That&#8217;s because the earnings are realized as a deduction over time. So, if you save money, compound it, and then invest it, you can actually grow your nest egg faster than you could if you just stayed young and never started investing.</p>
<p>Here&#8217;s another example. If you take the maximum amount allowed by your tax bracket and calculate how much you will save in taxes over the next 40 years, you might find that it is considerably more than you would expect. That&#8217;s compounding. Even if you don&#8217;t consider compounding when you are thinking about retirement savings, you should. It&#8217;s important if you want to enjoy compound growth over time.</p>
<p>You might even consider setting up a retirement fund that is solely dedicated to your long-term savings and investments. Not only will this give you a little extra security during your retirement, but it will also allow you to keep your eye on your short-term goals and have a nice nest egg at the same time.</p>
<p><span data-preserver-spaces="true">If you found my post on investing early helpful, then do share it with your friends and colleagues. If you have any feedback/questions, you may leave a comment below.</span></p>
<p><a class="editor-rtfLink" href="https://blog.prashantaggarwal.com/about-me/" target="_blank" rel="noopener"><span data-preserver-spaces="true">Click here to know more about me</span></a><span data-preserver-spaces="true">.</span></p>
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