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Focus on process, not outcomes from "summary" of The Psychology of Money by Morgan Housel
The idea that you should focus on process, not outcomes, is a simple but powerful concept. It's all about recognizing that you can't always control the outcomes of your decisions, but you can control the process you use to make those decisions. This mindset can be incredibly liberating because it allows you to let go of the need to constantly worry about whether things will turn out the way you want them to. Instead, you can focus on doing the best you can with the information you have at hand, knowing that you've done everything in your power to set yourself up for success. When you focus on process, not outcomes, you're able to make decisions based on what you believe is the right course of action, rather than what you hope will lead to a specific result. This can help you avoid the temptation to chase after short-term gains or take unnecessary risks in pursuit of a particular outcome. By staying true to your process, you're more likely to make sound, rational decisions that will serve you well in the long run. One of the keys to focusing on process, not outcomes, is to have a clear set of principles or guidelines that you follow when making decisions. These can act as a compass to help you navigate uncertain terrain and stay on course when things get tough. By adhering to your principles, you can avoid being swayed by external influences or succumbing to the pressures of the moment. Another benefit of focusing on process, not outcomes, is that it can help you cultivate a growth mindset. Instead of seeing setbacks or failures as the end of the road, you can view them as opportunities to learn and improve. This can give you the resilience and perseverance you need to weather the inevitable ups and downs that come with any long-term endeavor. In the end, focusing on process, not outcomes, is about embracing the journey rather than fixating on the destination. It's about finding fulfillment in the effort you put in, rather than the results you achieve. By adopting this mindset, you can free yourself from the anxiety and stress that often come with striving for a specific outcome, and instead find joy in the process of becoming the best version of yourself.
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