11 Things must give up to achieve success in life

by  Darpan Sachdeva





”Somebody once told me the definition of hell:

“On your last day on earth, the person you became will meet the person you could have become.” — Anonymous

Sometimes, to become successful and get closer to the person we can become, we don’t need to add more things — we need to give up on some of them.

Getting successful  and rich in life is not easy.It takes lots of handwork and persistence.It takes discipline, focus, and a set of core values that guide you around the emotions and stress of daily combat.

You can easily get sidetracked with all the strategies and resources available to you with the modern technology .These tools and strategies are constantly changing on daily basis..You find yourself chasing tactics one after another, hoping that you will eventually get rich with one of them.

You try one ,it does not work for you and then change to another strategy which again does not work for you and henceforth.As you repeat that cycle, the idea of becoming a millionaire becomes blurry. What used to be very clear now seems frantically out of reach.

One things thats for sure that all rich and successful people know  are not only the things and habits that are to be done but also teh things that are to be given up and not be done what so ever. Here are eleven things you have to give up to achieve success.

1.Give up on need to be perfect:

Perfectionism is based on the false belief that if we do things perfectly.We can avoid failure.You just need to be honest about those mistakes and learn from the results that you achieve. It does you no good to pretend like you’re more successful that you really are. It stops you from doing the things that would help you achieve your goals.

Its about taking those baby steps on everyday basis that take you towards the bigger goal in your life.Its always about to try and do your best  and move ahead on regular basis.

Always favor progress over perfection.

 

2.Give up on being a know-it-all:

Don’t be that person that cuts everyone off mid-sentence. Listen to people. Don’t interrupt your employees or your customers. Don’t roll your eyes and stomp your feet while you wait for the person who is talking to stop. That’s selfish and shortsighted. And besides coming off as completely arrogant, you are missing out on important lessons by acting that way.

Yes, for surely ,a lot of things we hear are irrelevant ,unhelpful and the stuff that is criticism and insane.But if you can listen long enough ,you might get that little important information that happens to be the next essence that takes you ahead on your road to success

Listen for those moments. Ignore everything else.

3.Give up on Saying YES to things that do not support your Goals:

Successful people know it fully well that to get some thing in life more than average is possible only by sacrificing more than average.To be able to say NO to things that give results of instant gratification for the goals that would give long term fruition.

 

4.Give up Whinning:

“It’s not about the cards you’re dealt, but how you play the hand.”
― Randy Pausch, The Last Lecture

Successful people know that they are responsible for their life, no matter their starting point, weaknesses, and past failures.

Stop being the person who has to help “keep everyone else’s feet on the ground.” That’s just an excuse for you to whine and mope and be unnecessarily negative. No one likes a whiner. That’s just the truth.




5.Give up expecting life to be always fair

Stop pretending like you’re the only one who has bad, unexpected circumstances happen to them. Everyone lives in the same sometimes-erratic universe. You didn’t get it any worse than anyone else. Enough already with the theatrics. Rich people don’t get that way by sulking.

Always remember no matter how strong you are,life will beat you to your knees and make you fall.Success is not about falling and getting the hits ,its about getting back after the falling and hits.

 

6.Give up on  the fixed mindset:

“The future belongs to those who learn more skills and combine them in creative ways.” ― Robert Greene, Mastery

Successful people fully understand the value of the “Learn all” person over the “know all” person.They invest an immense amount of time on a daily basis to develop a growth mindset, acquire new knowledge, learn new skills and change their perception so that it can benefit their lives.

Remember, who you are today, it’s not who you have to be tomorrow.

7.Give upon not  taking responsibility:

In any area of your life, what you do has consequences. Sometimes those are good. Other times you are left with regrets. Actions have results. That’s a universal truth. It never changes. You will always get the results deserved by the activity that you’re doing.

You need to believe that what you do can make a difference. Hard work matters. A kind word matters. Honesty matters. Candor, personal responsibility, and fairness — they all matter. Because the lifestyle you lead is what ultimately determines how rich and successful you become. Make sure you’re doing the right things.




8.Give up your fear of seeking help:

You can’t succeed alone. If you want to succeed, you must ask for help. Let me be clear, asking for help does not mean asking others to do your push-ups for you.

Be confident about your need for asking for help.

Reach out to entrepreneurs, practitioners, and people with skills you need to succeed.

9.Give up on your need to make every one happy:

Trying to make everyone happy is a sign of weakness. You could have the best product in the world and some customers will still be upset. You could have the greatest customer service and some clients will be unhappy still. And, that’s OK.

 

10.Give up on your fear of the unknown:

Successful people are always ready to face the new upcoming and surprises while they try hard towards their success.They  are never afraid of the unknown.

11.  Give up your Vulnerabilities:

We are all vulnerable. Even if you deny it, you are vulnerable. The difference between someone who succeeds and someone who fails is the way they handle their vulnerabilities.




Darpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

Never Stop.Never back down – (Motivational Video)

by  Darpan Sachdeva

Do you feel struggling some times, struggling hard and want to give up on your dreams?

Do you get the feeling to get in to the comfort zone and be safe and sound from adversity around you face?

I came across the video down below by motiversity with some tonic for motivation to come back to your road path to your dreams and from getting distracted. Let me know in the comments if you have enjoyed it. I personally did a lot…..




Darpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

20 Habits of Eventual Millionaires

by  Darpan Sachdeva

AAEAusd




Following  are the powerful habits of rich, successful people according to serial entrepreneur James Altucher.

Altucher is an American hedge fund manager, entrepreneur, bestselling author, and podcaster. Having founded or cofounded more than 20 companies, including Reset Inc. and StockPickr and says he failed at 17 of them.

His books ‘Choose Yourself: Be Happy’ and ‘Make Millions, Live the Dream’ have been read and re-read by aspiring entrepreneurs across the world,.

Here outlined are his ‘The 20 Habits Of Eventual Millionaires’ list. How many can you tick off? I strongly believe that following even  half way of these 20 habits could bring us closer to  millions we aspire.

Enjoy the read and share your views on the experiences you face doing these metallic habits…

 

1.Say “No”

Saying-No

Sometimes its wiser to say No to distractions to get the results you need in the limited time in hand. “When you say “No” you have more time to read, learn, sleep, ask questions, contact friends,family, love life. Say “no” more.”

 

  1. Love

123images-of-love

Mankind would be in  such a good place if all of us give and extend that extra love to each other on daily basis.”This is the only religion. This is the only thing worth surrendering to. This is the fuel for your idea muscle.”

 

  1. Make Mistakes

Mistakes Road Sign with dramatic clouds and sky.

 

Success is never attained by the first hit.It takes a series of mistakes that turn the failures eventually to path to success.With each mistake on the road ,lesson is learnt and step forward is taken.”Mistakes are the spell books of success. Study them hard. Learnt heir incantations. When muscles tear they rebuild stronger.”

 

  1. Plant Seeds

plant-a-seed

“Basic Garden Math: 1% of the seeds turns into 50% of the flowers. Plant lots of seeds.”

Most people have a goal and they work hard following that.Well there is nothing wrong with that.But the real key is to plant many many seeds so as to get  more flowers.

What are the seeds for life?

Have gratitude for what you have and value it,Share good ideas with friends and people.Eat healthy,Exercise,read a good book. Care for your family

 

  1. Be Around People Who Are Kind To You And Love You

32738-wheatfield-sun-joy.1200w.tn

This has to develop as a habit to grow.It will take it own time and sweat.Important is to grow and improve on daily basis.”Other people will make you unhappy, unkind and unsuccessful.”

 

  1. Stand Next To The Smartest Person In the Room

smart

There is a saying that if you see your self as the smartest person in the room then you are in the wrong room.”Harold Ramis did it (Bill Murray). Steve Jobs did it (Steve Wozniak). Craig Silverstein did it (Larry Page). Kanye West did it (Jay Z). I make money only when I do this.”

Just look for the smartest person in the room,Quietly follow him without asking any questions.

 

  1. No Excuses

excuses

People generally say i do not have enough time,enough money,enough friends,enough energy to get success. Stop these excuses as they bring you no where forward.

“Blaming is draining. Complaining is draining. Explaining is draining. We don’t have enough inner plumbing for all that draining.”




  1. Don’t Be In A Rush

rush

To get to the success and desired goals in life it takes time.Its built of the moments of tiny success on the way to the bigger life goal.Enjoy every bit of it.”Every overnight success I’ve spoken to, took 10 – 20 years to get there. But only if they celebrated small successes along the way.”

  1. Solve Difficult Gratitude Problems

Gratitude

In the time of stress, anger and distress ,stop for a while and think of one good thing for which you are grateful for.extend gratitude for the good things around you what you are happy with..

“If you can find a diamond in the mud, you are going to end up with a lot of diamonds in life.”

10 Warren Buffett’s 5/25 Rule

warrenbuffet

“Make a list of 25 things to do in life. Now do the top 5. And never again think about the other 20 ever, else they will take time away from the 5 that are most important to you.”

 

  1. Write Down 10 Ideas A Day

ideas

“This actually turns into a super power. Do this for six months and see what happens.”

Coming up with great ideas requires muscle .Carry a journal with you, or make use of the notepad on your phone and, throughout the day, jot down ideas that come to mind. There is something about writing your ideas down that makes the brain feel like the idea was acknowledged.

 

  1. Follow Up

Hand writing inscription "Follow Up" with marker, concept

“I’m shy and bad at this. And lazy. Send an email the next day with an idea on the next step. I have to work on this.”

Following up might be a “nice to meet you” email. Or maybe it’s buying them a first edition of their favorite book or  movie .Or maybe it’s one of the 10,000 things in between that.




  1. Ask Questions

Group of People Asking Questions

“There are more questions than answers. Opportunities are buried in the questions, Facts can be outsourced.”

Never stop being curious and ask questions to what might lead you fulfill your thirst and lead to success.

  1. 1% A Day

little everyday

“Whatever you want to get better at: do1% more each day. 1% a day, compounded, is 3800% a year. You win.”

You have that huge goal to write a book,win the tournament,make millions or become a leader,move towards it with the ” a little a day” concept.Take baby steps every day towards the big goal.

 

  1. Right Now

now

“Regret will waste time today worrying about yesterday. And anxiety will steal energy from the future. Focus on right now.”

Every time I’ve had a problem in the future, it never came true.

Every time I’ve had a regret in the past, the regret kept me glued to the mud.

Right now you are dealt cards. No other hand before or after will help you right now.

So this is the only moment to focus on. Right now is best predictor of Right Life.

 

  1. Sleep

Sleep

“Sleep rejuvenates brain cells, heals the body, and reduces anxiety. And your brain is only active 2-5 hours a day. Sweets dreams.”

  1. Every Day, Avoid Death

Everyday_Health_logo

“You can’t get rich from a hospital bed. Or a grave. Move every day, sleep well, eat well.”

Its generally trusted that as you grow old your metabolism starts to change.This is wrong.You just start sitting more as you grow.So start moving.

  1. Do One Thing Every Day You Loved As A Kid

koriver wener photo mark klein

“This is usually the fuel that can power your life.”

I always loved to write,so i write now whenever get the time to do it.I have always loved to speak in front of public ,so i practice now public speaking and teaching. on whenever possible.

As a kid what ever we wanted to do was our internal calling  and could have been suppressed with time but is never killed.You can always bring it back if you follow your heart.

 

Wait: I thought there were 20? 

“Secret to success = give yourself permission to sometimes be wrong.”

This could be counted in as another habit not less important towards earning your millions.

Give yourself permission to not always be right. Give yourself permission to not always be liked. Give yourself permission to not always be at peace. Give yourself permission to not be a success.Then you will gradually have whatever you gave yourself permission “to not.”

 

The above habits will make you that bright sun glowing with immense power who has these worth applauding powerful qualities and habits.

To your success!!!




Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

15 Inspiring Quotes from Mukesh Ambani-The Richest man In India

by Darpan Sachdeva

ambani-reu

Mukesh Dhirubhai Ambani ,a  business magnate who is the chairman, managing director and largest shareholder of Reliance Industries Limited (RIL), a Fortune Global 500 company and India’s second-most valuable company by market value.  RIL deals mainly in refining, petrochemicals, and in the oil and gas sectors. Reliance Retail Ltd., another subsidiary, is the largest retailer in India.

Mukesh Ambani’s networth is 22.3 billion dollars, and as of 2017, he is considered the richest man in all Asia.

In 2015, Ambani was ranked fifth in philanthropy within  India.He is also the owner of the famous Indian cricket franchise,The Mumbai Indians.Millions have been motivated and encouraged by Mukesh Ambani’s motivational thoughts and quotes,most of which have been translated from Hindi to English due to their broad global appeal.

Down below are his famous and most loved quotes on different facets of present day life:

1.Opportunity:

  • Everybody has equal opportunity, and I think that is true for everything –-Mukesh Ambani

2.Growth:

  • I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times. -Mukesh Ambani

download

3.Generation:

  • My big advantage was to have my father accept me as first-generation.-Mukesh Ambani.

 

4.Internet And Technology:

  • I am a big believer that technology shapes mankind.-Mukesh Ambani

5.Success:

  • Essentially, whoever is successful, whoever is going to do things that make a difference, is going to be talked about. -Mukesh Ambani

6.Struggle and Hustle:

  • All of us, in a sense, struggle continuously all the time, because we never get what we want. The important thing which I’ve really learned is how do you not give up, because you never succeed in the first attempt. -Mukesh Ambani

7. Bottomline:

  •   You have to manage money. Particularly with market economies. You may have a great product, but if your bottom line goes bust, then that’s it.  – Mukesh Ambani

8.Relationship and Trust:

  •  Relationship and trust this is the bedrock of life. -Mukesh Ambani

9.Entrepreneurship:

  • I don’t think that ambition should not be in the dictionary of entrepreneurs. But our ambition should be realistic. You have to realize that you can’t do everything.-Mukesh Ambani

quote-i-don-t-think-that-ambition-should-not-be-in-the-dictionary-of-entrepreneurs-but-our-mukesh-ambani-121-53-34

  • A third track running that time,apart from academics and fun stuff,was that my father shared with me his passion for business and entrepreneurship from very early on.Even when i was in high school.I used to spend long hours at office on weekends.–Mukesh Ambani

 

10.Potential Consumers:

  • Today i see a billion people as a billion potential consumers.An opportunity to generate value for them and to make a return for myself.-Mukesh Ambani

11.Asia and Africa:

  • If it is Asia today then the African continent can not be far behind.-Mukesh Ambani

12.Life:

  •   I think that our fundamental belief is that for us growth is a way of life and we have to grow at all times.-Mukesh Ambani

13.India and China:

  • China and India will, separately and together, unleash an explosion of demand. –Mukesh Ambani

14.Money

  •  I personally think that money can do very little. And this has been my experience all  across.-Mukesh Ambani

quote-i-personally-think-that-money-can-do-very-little-and-this-has-been-my-experience-all-mukesh-ambani-104-44-14

 

15.Organizational Growth:

  • The organizational architecture is really that a centipede walks on hundred legs and one or two don’t count. So if I lose one or two legs, the process will go on, the organization will go on, the growth will go on. -Mukesh Ambani

quote-the-organizational-architecture-is-really-that-a-centipede-walks-on-hundred-legs-and-mukesh-ambani-53-17-02

  Mukesh Ambani Success Advice:



Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

How to improve your life in 2017

by  Darpan Sachdeva

Its middle of January and its time for everyone to start the implementation of all the steps and plans what we have set up for us for the fulfillment of our goals for the year 2017.The video below is so motivating and i find of huge value.Its a 30 minute watch approximately and should help you energize move forward with your goal achievement.

 

Some of the essence from the video gathered is :

1.Start changing yourself if you want to change the life around youMahatma Gandhi

2.Most People fail in life because they major in minor things-Tony Robbins

3.The more time you spend in your discomfort zone,the more your comfort zone will expand-Robin Sharma

4.If you do what you’ve always done,you’ll get what you’ve always gotten-Tony Robbins

5.Progress is impossible without change,and those who cannot  change their minds cannot change any thing-George Bernard Shaw

6.If you want to live a happy life,tie it to a goal,not to people or objects-Albert Einstein

7.The people who are crazy enough to think they can change the world are the ones who do.Think different-Albert Einstein



 

Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

 

Considerations for the New Year 2017

by  Darpan Sachdeva

The start of the  new year  is like a start of  new phase in our lives ,a new chapter to start in our life book.This is the time when you do need to take care of your mindset and emotional triggers under control and work upon your affirmations and goals for the year ahead.

Me doing the same have come across the following considerations for the upcoming year and would want to share with you all.I do hope this brings value to  everyone.

1.On Earning:

never-depend-on-single-income-header

Never depend upon a single stream of revenue in these hard economic times.There is always some thing not working fine and errors happening.A multiple  income source shall be a peace of mind.

What can be  a better suggestion than this coming out from the world’s best financial guru and investor Warren Buffet himself.He has lived the life which proves to this fully.

2.On Spending:

1700080-warren-buffett-quote-if-you-buy-things-you-do-not-need-soon-you

If you buy things you do not need,soon you will have to sell things you need.Its just a thought and i do not say you do not buy things that really fancy and motivate you move ahead in life.Of course,there are things on day-to-day basis that we do need but as for the fancy needs,trust me there is no end to it.There is always a step higher.

 

3.On Savings:

save

Do not save  what is left after spending,but spend what is left after saving.This money habit is one that most of us in today’s world are entrapped to and cannot find a way out.The earlier we adopt this,better its going to be for us and the society as a whole in the long run.

4.On taking Risks:

119336-warren-buffett-quote-never-test-the-depth-of-river-with-both-the

Never ever test the depth of a river with both your feet.Now i do not say that one should not be daring and brave but a wise and thoughtful bravery is the way to go.

 

5.On Investment:

eggs

Do not put all your eggs in one basket.Nothing is ever stable in life for long and mess does happens.So far more you have spread out investments wisely ,more safe should you feel as per The finance Supremo “Warren Buffet”

 

6.On expectations:

24021-warren-buffett-quote-honesty-is-a-very-expensive-gift-don-t-expect

Honesty is a very expensive gift.Do not expect it from cheap people.Its one strong feature of humankind that once grown and nourished takes you through a long way,but not so easy to be found in our days sadly.

 

7.On Past:

past-future

Past is waste paper,present is a news paper and future is a question paper.Come out of your past,Control the present and secure the future.The new and achievable lies in front of us in the future.lets work on it.

 

8.When bad things happen in life:

89528-dr-seuss-quote-when-something-bad-happens-you-have-three-choices

When some thing bad happens in life ,you have three choices.You can either let it define you,let it destroy you,or you can let it strengthen you.

As the Stoics would say ,it’s not the event or happening  that is important as much as our perception of event that  controls your behavior towards future.



9.Mistakes:

Male hand holding wooden pencil and delete word "MISTAKE" on the white paper

We use pencils when we were young,but now we use pens.Do you know why?Because mistakes in childhood can easily be erased,unlike now. I do not say we should stop attempting and looking forward in life but to create the same mistakes again and again is not the way to go.

 

Wishing you all a very happy and prosperous new year.Please let me know in the comments below your new year considerations for 2017.



Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like-minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

 

 

Motivational Advice from the very best for the New year 2017

by Darpan Sachdeva

The video down below  is so full of real time  motivational advice from one of the most successful people   on the planet earth. I am sure this would add value to you all  at this time of new year 2017 stepping at our doorsteps.

Some timeless advice and words of wisdom from incredible people, It is  all about finding different perspectives and viewpoints on success.

I do hope that this would help everyone  setting up goals and prepare for the new year coming.Do share your views in the comments down below if this turns you on set up your goals for the year 2017.

Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

 

 

11 Highly Recommended Free Resources from Successful Online Entrepreneurs

by Darpan Sachdeva

20150527215911-tools-strategy

There  has been never a better time to start a company and cherish the online businesses.Mobile proliferation has led to a world that is always connected. Moore’s Law is in full effect with computing faster and cheaper than ever before. There are endless free and useful products online that can help build an online business.

Down below are few that are proven as trusted successful tools for the online entrepreneurs.

 

1. HOSTING AND DOMAIN:

The very first things you must purchase are a domain (your www.)and hosting.Hosting and domains are different. Imagine the very start of your business as an empty storefront. Purchasing your domain would be like buying the sign out front, letting people know what your store is called. Your hosting would be like the lease you sign for the actual physical location – now you have the name and the space!

Below is the domain purchasing service successful entrepreneurs recommend and trust::

Godaddy.com                                                                    godaddy                                                             

Below are the 2 hosting services successful entrepreneurs recommend and trust.

:
WP-Engine.com                                                                     wp-engine-2                                        
                                                                                                                           Bluehost.com                                                                        bluehost2        

                                                                                                                                                                                                                                                                                 

2. WEBSITE DESIGN

Now once the store is ready with name and space in place let’s go over the inside design of the store you are creating.If you are building your website on WordPress, which is recommended  for building a blog or a website, that design is called a “theme.” A theme is basically a template that you can install and set up to customize your design, so your website looks and feels exactly how you want it to.The themes  recommended using are XTheme, Thesis.

These themes are available on  Designing websites such as:

designcrowd.com                                                                 design-crowd-2

 

9designs.com                                                                           99-designs-2

 

3. EMAIL HOSTING

You can’t rely on building a business on another platform like Instagram or
Facebook. You need to have control over communication with your followers
and the content you’re sharing.

Below are the most recommended  email hosting services by  successful entrepreneurs:

AWEBER                                                                                        aweber
Email marketing platform

 

INFUSIONSOFT                                                                             infusionsoft
Email marketing platform with advanced
sales funnel capacity

 

4. LIST BUILDING

Having a place to store your email addresses is important, but having a way
to get people onto your email list is equally as important.

Below are a few of favorite tools of successful entrepreneurs to get visitors to their site to opt in to

LEADPAGES                                                                              leadpages2

 

SUMOME LIST BUILDER                                                              sumome-listbuilder

 

Hello Bar Builder                                                                              hello-bar



5. CHECKOUT SYSTEM/PAYMENT MANAGEMENT:

The most common payment managemnet method has been Payapal for many a years  with new more coming up that are also highly recommended by successful entrepreneurs for building up business. Down below are few of the popular ones:

PAYPAL                                                                                           paypal
Manage online payments

SHOPIFY                                                                                         shopify
Everything you need to buy and sell online

 

WEPAY                                                        we-pay
Accept payments online

 

6. SOCIAL MEDIA MARKETING MANAGEMENT:

Even though some platforms, like Facebook and Snapchat, work best if you are live, that doesn’t go for all of them.

HOOTSUITE                                                                      hootsuite                          
The biggest social media management platform

 

CLICK TO TWEET                                                          click-to-tweet             
Get more Twitter shares on your content

 

7. PROJECT MANAGEMENT

Down below are strongly recommededand trusted project managment  tools by successful entrepreneurs:

DROPBOX                                                                                   drop-box
Organize your files on the cloud

 

GOOGLE DRIVE                                                                            google-drive
Collaborate LIVE with documents, spreadsheets,
and slide designs

 

8. PRODUCT CREATION

TEACHABLE                                                                                               teachable
Create and sell your online courses

 

9. SALES, MARKETING, AND BUSINESS TOOLS:

Marketing and Sales are the pillars to a great successful business. These are the top sales and marketing tools that are employed by most successful entrepreneurs for running their business.

GOTOWEBINAR.COM                                                                     gotowebinar
Host live online events

AMAZON S3 HOSTING                                                                 amazonwebservices
Get a simple storage system to host your
.pdf’s online

ZENDESK                                                                                      zendesk
Optimize your customer service with organized
support tickets

 

10. CONTENT CREATION

Content creation is an important part of growing your online business.
Below are  the top ones recommended resources for how to grow and create  mind blowing content:

CANVA                                                                                              canva
Amazingly simple graphic design for bloggers

 

BUZZ SUMO                                                                                     buzzsumo
Find trending topics to talk about that will automatically rank higher on social platforms

 

11.FREE IMAGES

STOCK UP                                                                                         stockup
Free product mockups & templates

 

ALL THE FREE STOCK                                      allthe-freestock
Free stock images, icons, and videos

 

 

Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

Mind blowing Inspirational quotes from the Famous in history

by Darpan Sachdeva

Portrait Herm of

 

1.Socrates (470/469 – 399 BC) was a classical Greek (Athenian) philosopher credited as one of the founders of Western philosophy.

“Strong Minds discuss ideas,average minds discuss events,weak minds discuss people.”-Socrates

“If you don’t get what you want, you suffer; if you get what you don’t want, you suffer; even when you get exactly what you want, you still suffer because you can’t hold on to it forever. Your mind is your predicament. It wants to be free of change. Free of pain, free of the obligations of life and death. But change is law and no amount of pretending will alter that reality.”

-Socrates
“I cannot teach anybody anything. I can only make them think.”

― Socrates

Rumi

2.Rumi (1207 – 17 December 1273), was a 13th-century Persian poet, jurist, theologian, and Sufi mystic.His work has been translated in many languages around the world.

“Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.”
-Rumi

“You were born with potential.
You were born with goodness and trust. You were born with ideals and dreams. You were born with greatness.
You were born with wings.
You are not meant for crawling, so don’t.
You have wings.
Learn to use them and fly.”
― Rumi

“Raise your words, not voice. It is rain that grows flowers, not thunder.”
― Rumi

zenoelea2

3.Zeno of Elea (c. 490 – c. 430 BC) was a pre-Socratic Greek philosopher of southern Italy and a member of the monistic Eleatic school founded by Parmenides. Aristotle declared him the inventor of the dialectic, which involves a dialogue between two or more people who may hold differing views, yet wish to pursue truth by seeking agreement with one another; in contrast to debate, in which two or more people hold differing views and wish to persuade an audience or prove one another wrong.

“By silence, I hear other men’s imperfections and conceal my own.”
― Zeno of Elea

“The avaricious man is like the barren sandy ground of the desert which sucks in all the rain and dew with greediness, but yields no fruitful herbs or plants for the benefit of others.”
― Zeno of Elea

“The goal of life is living in agreement with nature.”
― Zeno of Elea quotes

parmenides1

4.Parmenides of Elea was a pre-Socratic Greek philosopher from Elea in Magna Graecia (Greater Greece, included Southern Italy). He was the founder of the Eleatic school of philosophy. The single known work of Parmenides is a poem, On Nature, which has survived only in fragmentary form. In this poem, Parmenides describes two views of reality. In “the way of truth” (a part of the poem), he explains how reality (coined as “what-is”) is one, change is impossible, and existence is timeless, uniform, necessary, and unchanging. In “the way of opinion,” he explains the world of appearances, in which one’s sensory faculties lead to conceptions which are false and deceitful

“We can speak and think only of what exists. And what exists is uncreated and imperishable for it is whole and unchanging and complete. It was not or nor shall be different since it is now, all at once, one and continuous.”
― Parmenides

“It is all one to me where I begin;
for I shall come back again there.”
― Parmenides

Change is an illusion.”
― Parmenides

Christopher_Columbus

5.Christopher Columbus  was an Italian explorer, navigator, colonizer, and citizen of the Republic of Genoa. Under the auspices of the Catholic Monarchs of Spain, he completed four voyages across the Atlantic Ocean. Those voyages and his efforts to establish permanent settlements on the island of Hispaniola initiated the European colonization of the New World.

“You can never cross the ocean until you have the courage to lose sight of the shore.”
― Christopher Columbus
“The sea will grant each man new hope
The sleep brings dreams of home.”
― Christopher Columbus Quotes

“I should not proceed by land to the East, as is customary, but by a Westerly route, in which direction we have hitherto no certain evidence that any one has gone.”
― Christopher Columbus

Rabindranath-Tagore-Where-The-Mind-Is-Without-Fear

6.Rabindranath Tagore

Rabindranath Tagore (7 May 1861 – 7 August 1941) was a indian polymath. He reshaped Indian art with Contextual Modernism in the late 19th and early 20th centuries. Gitanjali is a collection of poems by Rabindranath Tagore. Tagore became the first non-European to win the Nobel Prize for Literature, largely for the English translated version of Gitanjali.

“Where the mind is without fear and the head is held high
Where knowledge is free
Where the world has not been broken up into fragments
By narrow domestic walls
Where words come out from the depth of truth
Where tireless striving stretches its arms towards perfection
Where the clear stream of reason has not lost its way
Into the dreary desert sand of dead habit
Where the mind is led forward by thee
Into ever-widening thought and action
Into that heaven of freedom, my Father, let my country awake.”

-Rabindranatah Tagore

Inspirational-Ludwig-van-Beethoven-Quotes

7.Ludwig van Beethoven (baptised 17 December 1770 – 26 March 1827) was a German composer. A crucial figure in the transition between the Classical and Romantic eras in Western art music, he remains one of the most famous and influential of all composers. His best-known compositions include 9 symphonies, 5 piano concertos, 1 violin concerto, 32 piano sonatas, 16 string quartets, his great Mass the Missa solemnis and an opera, Fidelio.

“What you are, you are by accident of birth; what I am, I am by myself. There are and will be a thousand princes; there is only one Beethoven.”
― Ludwig van Beethoven

“Even in poverty I lived like a king for I tell you that nobility is the thing that makes a king.”
― Ludwig van Beethoven quotes

“Recommend to your children virtues, that alone can make them happy, not gold.”
― Ludwig van Beethoven

Martin-Luther-King-Jr

8.Martin Luther King Jr. (January 15, 1929 – April 4, 1968) was an American Baptist minister and activist who was a leader in the African-American Civil Rights Movement. He is best known for his role in the advancement of civil rights using nonviolent civil disobedience based on his Christian beliefs.

“Faith is taking the first step even when you can’t see the whole staircase.”
― Martin Luther King Jr quotes

“I have decided to stick to love…Hate is too great a burden to bear.”
― Martin Luther King Jr quotes

The first question which the priest and the Levite asked was: ‘If I stop to help this man, what will happen to me?’ But…the good Samaritan reversed the question: ‘If I do not stop to help this man, what will happen to him?”
― Martin Luther King Jr quotes

“There comes a time when one must take a position that is neither safe, nor politic, nor popular, but he must take it because conscience tells him it is right.”
― Martin Luther King Jr quotes

George-Bernard-Shaw

9.George Bernard Shaw (26 July 1856 – 2 November 1950) was an Irish playwright, critic and polemicist. He wrote more than sixty plays, including major works such as Man and Superman (1902), Pygmalion (1912) and Saint Joan (1923). With a range incorporating both contemporary satire and historical allegory, Shaw became the leading dramatist of his generation, and in 1925 was awarded the Nobel Prize in Literature.

“Those who cannot change their minds cannot change anything.”
― George Bernard Shaw

“If you have an apple and I have an apple and we exchange these apples then you and I will still each have one apple. But if you have an idea and I have an idea and we exchange these ideas, then each of us will have two ideas.”
― George Bernard Shaw

“You see things; you say, ‘Why?’ But I dream things that never were; and I say ‘Why not?”
― George Bernard Shaw

“Life isn’t about finding yourself. Life is about creating yourself.”
― George Bernard Shaw

Alan-W.-Watts

10.Alan Watts (6 January 1915 – 16 November 1973) was a British philosopher, writer, and speaker, best known as an interpreter and populariser of Eastern philosophy for a Western audience. Born in Chislehurst, England, he moved to the United States in 1938 and began Zen training in New York

“Problems that remain persistently insoluble should always be suspected as questions asked in the wrong way.”
― Alan Watts quotes

“I have realized that the past and future are real illusions, that they exist in the present, which is what there is and all there is.”
― Alan Watts quotes

“Every intelligent individual wants to know what makes him tick, and yet is at once fascinated and frustrated by the fact that oneself is the most difficult of all things to know.”
― Alan Watts

confucius.

11.Confucius (551–479 BC) was a teacher, editor, politician, and philosopher of the Spring and Autumn period of Chinese history. Confucius teachings deeply influenced East Asian life and thought.The philosophy of Confucius emphasized personal and governmental morality, correctness of social relationships, justice and sincerity.

Confucius’s principles had a basis in common Chinese tradition and belief. He championed strong family loyalty, ancestor worship, respect of elders by their children and of husbands by their wives. He also recommended family as a basis for ideal government. He espoused the well-known principle “Do not do to others what you do not want done to yourself”, the Golden Rule.

“The man who moves a mountain begins by carrying away small stones.”
― Confucius

“Our greatest glory is not in never falling, but in rising every time we fall.”
― Confucius

“Choose a job you love, and you will never have to work a day in your life.”
― Confucius

“When we see men of worth, we should think of equaling them; when we see men of a contrary character, we should turn inwards and examine ourselves.”
― Confucius

Inspirational-Napoleon-Bonaparte-Quotes

12.Napoléon Bonaparte (born Napoleone di Buonaparte; 15 August 1769 – 5 May 1821) was a French military and political leader who rose to prominence during the French Revolution and its associated wars. As Napoleon I, he was Emperor of the French from 1804 until 1814, and again in 1815. One of the greatest commanders in history, his campaigns are studied at military schools worldwide and he remains one of the most celebrated and controversial political figures in Western history.

“There are but two powers in the world, the sword and the mind. In the long run the sword is always beaten by the mind”
― Napoléon Bonapart

“The best cure for the body is a quiet mind”
― Napoléon Bonaparte

“Great ambition is the passion of a great character. Those endowed with it may perform very good or bad acts. All depends on the principles which direct them.”
― Napoléon Bonaparte

Imagination governs the world.”
― Napoléon Bonaparte

“Courage isn’t having the strength to go on – it is going on when you don’t have strength.”
― Napoléon Bonaparte

“The world suffers a lot. Not because the violence of bad people. But because of the silence of the good people.”
― Napoléon Bonaparte

“History is the version of past events that people have decided to agree upon.”
― Napoléon Bonaparte

Steve-Jobs-Think-Different

13.Steve Jobs was an American college dropout from Reed college,Portland, Oregon, United States, who later became one of the most charismatic, inspirational, and influential person in the field of consumer electronics. Despite the fact that Steve Jobs was a dropout student, he became a Billionaire and Co-founder, Chairman and CEO of Apple Inc., Co-founder and CEO of Pixar Animation Studio, and Founder and CEO of NeXT Inc.

Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.

-Steve Jobs

For the past 33 years, I have looked in the mirror every morning and asked myself: ‘If today were the last day of my life, would I want to do what I am about to do today?’ And whenever the answer has been ‘No’ for too many days in a row, I know I need to change something.

-Steve Jobs

Being the richest man in the cemetery doesn’t matter to me. Going to bed at night saying we’ve done something wonderful, that’s what matters to me.
-Steve Jobs

Sometimes when you innovate, you make mistakes. It is best to admit them quickly, and get on with improving your other innovations.

-Steve Jobs

Aristotle

14.Aristotle (384BC – 322 BC) was one of the most influential Greek philosopher and Scientist. Aristotle was student of Plato. When he was 18 year’s old he joined Plato’s academy in Athens, and remained there until the age of 37. Aristotle was teacher of Alexander the great, and teaching Alexander gave him many opportunities in future. He was associated with many subjects such Physics, Biology, Ethics, Politics, Metaphysics, Logic, aesthetics, poetry, Philosophy, theater, music, rhetoric, linguistics, Zoology. Aristotle is one of the world’s most influential and inspirational personality.

“Knowing yourself is the beginning of all wisdom.”
-Aristotle

“Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but we rather have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.”
-Aristotle

“To avoid criticism say nothing, do nothing, be nothing.”
-Aristotle

“Poverty is the parent of revolution and crime.”
-Aristotle

“No great mind has ever existed without a touch of madness.”
-Aristotle

Siddhartha

15.Siddhartha is a novel by German Nobel Laureate, Hermann Hesse. It was first published in 1922 in German language. Siddhartha was first published in United states in 1951, and became influential in 1960’s. This book tells the story of spiritual journey of a young Indian man named Siddhartha, during the time of Gautama Buddha. Siddhartha has been translated in many languages all over the world. The book is based on the teachings of Hinduism and Buddhism.

“Your soul is the whole world.”
-Siddhartha

“A person is never entirely holy or entirely sinful.”
-Siddhartha

“Knowledge can be
conveyed, but not wisdom. It can be found, it can be lived, it is
possible to be carried by it, miracles can be performed with it, but it
cannot be expressed in words and taught.”

-Siddhartha

“When someone is seeking,” said Siddartha, “It happens quite easily that he only sees the thing that he is seeking; that he is unable to find anything, unable to absorb anything, because he is only thinking of the thing he is seeking, because he has a goal, because he is obsessed with his goal. Seeking means: to have a goal; but finding means: to be free, to be receptive, to have no goal. You, O worthy one, are perhaps indeed a seeker, for in striving towards your goal, you do not see many things that are under your nose.”

-Siddhartha

Eleanor-Roosevelt1

16.Eleanor Roosevelt

Anna Eleanor Roosevelt ( October 11, 1884 – November 7, 1962) was an American politician, diplomat, and activist. She was the longest-serving First Lady of the United States, holding the post from March 1933 to April 1945 during her husband President Franklin D. Roosevelt’s four terms in office. President Harry S. Truman later called her the “First Lady of the World” in tribute to her human rights achievements.

On a few occasions, she publicly disagreed with her husband’s policies. Following her husband’s death, Eleanor remained active in politics for the rest of her life. She pressed the United States to join and support the United Nations and became one of its first delegates. In 1999, she was ranked ninth in the top ten of Gallup’s List of Most Widely Admired People of the 20th Century. After discovering her husbands affair with Lucy Mercer in 1918, Eleanor resolved to seek fulfillment in a public life of her own.
In April 1946, she became the first chairperson of the preliminary United Nations Commission on Human Rights, and she also served as the first United States Representative to the United Nations Commission on Human Rights. The United Nations posthumously awarded her one of its first Human Rights Prizes in 1968 in recognition of her work.

“The future belongs to those who believe in the beauty of their dreams.”

-Eleanor Roosevelt

“Do one thing every day that scares you.”

-Eleanor Roosevelt

“Many people will walk in and out of your life, but only true friends will leave footprints in your heart.”

-Eleanor Roosevelt

“When life is too easy for us, we must beware or we may not be ready to meet the blows which sooner or later come to everyone, rich or poor.”

-Eleanor Roosevelt

“If someone betrays you once, it’s their fault; if they betray you twice, it’s your fault.”

-Eleanor Roosevelt

Henry-ford

17.Henry Ford wan American industrialist, the founder of the Ford Motor Company, and sponsor of the development of the assembly line technique of mass production. He developed and manufactured the first automobile that many middle class Americans could afford. As owner of the Ford Motor Company, he became one of the richest and best-known people in the world. Henry Ford was born on a farm in Greenfield Township, Michigan. His family was not a rich family but through his hard work and talent he became one of the richest person in the world.

“Failure is simply the opportunity to begin again, this time more intelligently. There is no disgrace in honest failure; there is disgrace in fearing to fail.”

-Henry Ford

“We want to live in the present and the only history that is worth a tinker’s damn is the history we make today. ”

-Henry Ford

“Whether you think you can, or you think you can’t–you’re right.”
-Henry Ford
“A business that makes nothing but money is a poor business.”

-Henry Ford

“Most people spend more time and energy going around problems than in trying to solve them.”

-Henry Ford

Friedrich-Nietzsche-Quotes

18.Friedrich Wilhelm Nietzsche (15 October 1844 – 25 August 1900) was a German philosopher, cultural critic, poet, composer, and Latin and Greek scholar. He wrote several critical texts on religion, morality, contemporary culture, philosophy, and science, displaying a fondness for metaphor and irony.

“That which does not kill us makes us stronger.”
― Friedrich Nietzsche

“I’m not upset that you lied to me, I’m upset that from now on I can’t believe you.”
― Friedrich Nietzsche

“The snake which cannot cast its skin has to die. As well the minds which are prevented from changing their opinions; they cease to be mind.”
― Friedrich Nietzsche

“He who has a why to live for can bear almost any how.”
― Friedrich Nietzsche

khalil-gibran

19.Khalil Gibran was a Lebanese-American artist, poet, and writer.
He is chiefly known in the English-speaking world for his 1923 book The Prophet.

“If you love somebody, let them go, for if they return, they were always yours. If they don’t, they never were.”
― Khalil Gibran

“Beauty is not in the face; beauty is a light in the heart.”
― Khalil Gibran

“Generosity is giving more than you can, and pride is taking less than you need. ”
― Khalil Gibran

“To understand the heart and mind of a person, look not at what he has already achieved, but what he aspires to.”
― Khalil Gibran

Inspirational-Mahatma-Gandhi-Quotes

20.Mohandas Karamchand Gandhi (2 October 1869 – 30 January 1948) was the preeminent leader of the Indian independence movement in British-ruled India. Employing nonviolent civil disobedience, Gandhi led India to independence and inspired movements for civil rights and freedom across the world.

Gandhi famously led Indians in challenging the British-imposed salt tax with the 400 km (250 mi) Dandi Salt March in 1930, and later in calling for the British to Quit India in 1942. He was imprisoned for many years, upon many occasions, in both South Africa and India. Gandhi attempted to practise nonviolence and truth in all situations, and advocated that others do the same. He lived modestly in a self-sufficient residential community and wore the traditional Indian dhoti and shawl, woven with yarn hand-spun on a charkha. He ate simple vegetarian food, and also undertook long fasts as a means of both self-purification and social protest.

“Be the change that you wish to see in the world.”
― Mahatma Gandhi

“Your beliefs become your thoughts,
Your thoughts become your words,
Your words become your actions,
Your actions become your habits,
Your habits become your values,
Your values become your destiny.”

― Mahatma Gandhi

“Happiness is when what you think, what you say, and what you do are in harmony.”
― Mahatma Gandhi

“An eye for an eye will only make the whole world blind.”
― Mahatma Gandhi

“A man is but the product of his thoughts. What he thinks, he becomes.”
― Mahatma Gandhi

Isaac-Newton-by-Godfrey-Kneller

21.Sir Isaac Newton (January 4, 1643 – March 31 1727) was an English physicist, mathematician, astronomer, alchemist, inventor, theologian and natural philosopher. He is widely recognized as one of the most influential scientists of all time and as a key figure in the scientific revolution. Issac Newton is most famous for discovering the Laws of Gravity

“Truth is ever to be found in simplicity, and not in the multiplicity and confusion of things.”

-Sir Isaac Newton

“God created everything by number, weight and measure.”

-Sir Isaac Newton

“Men build too many walls and not enough bridges.”

-Sir Isaac Newton

“What we know is a drop, what we don’t know is an ocean.”

-Sir Isaac Newton



 

Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.

 

The Science of Scarcity-A behavioral economist’s fresh perspectives on poverty

By Darpan Sachdeva
Via CARA FEINBERG,Harvard Magazine

Sendhil


TOWARD THE END of World War II, while thousands of Europeans were dying of hunger, 36 men at the University of Minnesota volunteered for a study that would send them to the brink of starvation. Allied troops advancing into German-occupied territories with supplies and food were encountering droves of skeletal people they had no idea how to safely renourish, and researchers at the university had designed a study they hoped might reveal the best methods of doing so. But first, their volunteers had to agree to starve.

The physical toll on these men was alarming: their metabolism slowed by 40 percent; sitting on atrophied muscles became painful; though their limbs were skeletal, their fluid-filled bellies looked curiously stout. But researchers also observed disturbing mental effects they hadn’t expected: obsessions about cookbooks and recipes developed; men with no previous interest in food thought—and talked—about nothing else. Overwhelming, uncontrollable thoughts had taken over, and as one participant later recalled, “Food became the one central and only thing really in one’s life.” There was no room left for anything else.

Though these odd behaviors were just a footnote in the original Minnesota study, to professor of economics Sendhil Mullainathan, who works on contemporary issues of poverty, they were among the most intriguing findings. Nearly 70 years after publication, that “footnote” showed something remarkable: scarcity had stolen more than flesh and muscle. It had captured the starving men’s minds.

Mullainathan is not a psychologist, but he has long been fascinated by how the mind works. As a behavioral economist, he looks at how people’s mental states and social and physical environments affect their economic actions. Research like the Minnesota study raised important questions: What happens to our minds—and our decisions—when we feel we have too little of something? Why, in the face of scarcity, do people so often make seemingly irrational, even counter-productive decisions? And if this is true in large populations, why do so few policies and programs take it into account?

In 2008, Mullainathan joined Eldar Shafir, Tod professor of psychology and public affairs at Princeton, to write a book exploring these questions. Scarcity: Why Having Too Little Means So Much (2013) presented years of findings from the fields of psychology and economics, as well as new empirical research of their own. Based on their analysis of the data, they sought to show that, just as food had possessed the minds of the starving volunteers in Minnesota, scarcity steals mental capacity wherever it occurs—from the hungry, to the lonely, to the time-strapped, to the poor.

That’s a phenomenon well-documented by psychologists: if the mind is focused on one thing, other abilities and skills—attention, self-control, and long-term planning—often suffer. Like a computer running multiple programs, Mullainathan and Shafir explain, our mental processors begin to slow down. We don’t lose any inherent capacities, just the ability to access the full complement ordinarily available for use.

But what’s most striking—and in some circles, controversial—about their work is not what they reveal about the effects of scarcity. It’s their assertion that scarcity affects anyone in its grip. Their argument: qualities often considered part of someone’s basic character—impulsive behavior, poor performance in school, poor financial decisions—may in fact be the products of a pervasive feeling of scarcity. And when that feeling is constant, as it is for people mired in poverty, it captures and compromises the mind.

This is one of scarcity’s most insidious effects, they argue: creating mindsets that rarely consider long-term best interests. “To put it bluntly,” says Mullainathan, “if I made you poor tomorrow, you’d probably start behaving in many of the same ways we associate with poor people.” And just like many poor people, he adds, you’d likely get stuck in the scarcity trap.

Poverty Taxes the Mind

MULLAINATHAN IS THE FIRST to admit he’s no stranger to the scarcity cycle—particularly when it comes to time. A self-confessed over-committer with endless energy for exploring new passions, he is “quite familiar” with tardiness and missed deadlines. Though he’s no slouch at juggling tasks—at age 42, he’s a tenured professor, a MacArthur Fellowship recipient, and a rising star in behavioral economics—things are still always piling up, he says during an interview, pointing to actual piles of papers around his office desk.

No one ever has enough time—making it an excellent way to understand how scarcity works, he explains. A time crunch can be useful; deadlines often increase motivation and concentration. But there are prices to pay for that amplified focus: anything that falls outside the scope of that time-limited task gets slighted, ignored, or put off to a later date. While this isn’t breaking news, for Mullainathan, anecdotes about time and its limits are a trusted Trojan Horse of sorts: a way to get into the minds of readers and audiences at lectures who may never have experienced more extreme types of scarcity. “The cycle of poverty generally gets talked about as a problem otherpeople face,” he says. “Our hope is to get people to understand how easy it is to get caught in it, even if they’ve never had the experience.”

Though he spent much of his early life in “decently comfortable” economic circumstances, Mullainathan has seen poverty first-hand, and it seared itself deep in his psyche. Born in a small South Indian sugarcane-farming village, he moved to Los Angeles at age seven with his family so his father could study, and later work in, aerospace engineering. But, as he recalls it, in the 1980s, when new laws mandated heightened security clearances in departments that had not previously required them, noncitizens like his father were suddenly out of a job with no chance of finding another one in the industry.

“This was the first time I felt real economic insecurity,” Mullainathan remembers. It was also the first time he saw scarcity’s effects in action. The job loss “in some ways liberated him,” he says of his father. Suddenly without a roadmap for the first time, Mullainathan’s parents bought a video store, which, through creative strategies—like developing a computer program they sold to other stores—became in time a successful endeavor. But those initial years were also packed with tensions and insecurity that set the family on edge. “Overnight,” he says, “I saw my parents change”: suddenly, they were much more stressed out and short-tempered, as if part of their personalities was different.

Years later, as a behavioral economist, Mullainathan saw this phenomenon at work in impoverished people around the world. “The evidence is everywhere,” he says. “We just had to find ways to gather it scientifically.” But like any science in the making—as Mullainathan and Shafir describe work like theirs—the path had to be blazed. Early on, for instance, as the authors recount in the introduction to their book, “When we told an economist colleague that we were studying scarcity, he remarked, ‘There is already a science of scarcity…. It’s called economics.’”

The colleague, of course, was right, Mullainathan concedes; economics is the study of how people manage physical scarcity. But even though actual scarcity is ubiquitous—there are always limits to time, food, and money—the feeling of scarcity is not, he explains. This overpowering mindset was what he and Shafir were interested in studying, and it had effects, they argued, that could be quantified and explored empirically.

In 2010, the authors and their colleagues set out to do that—setting up scientific trials in what Mullainathan jokingly calls “the best lab in the world”: a shopping mall in New Jersey. The group hoped to show in an experiment that poverty imposed a kind of “bandwidth tax” that impaired people’s ability to perform. “To put it crudely,” he explains, “poverty—no matter who you are—can make you dumber.”

To prove it, they planned to administer Raven’s Progressive Matrices tests (essentially IQ tests that measure skills without requiring experience or expertise) to their subjects. Just before taking the test, subjects were asked to consider a hypothetical scenario:

Imagine you’ve got car trouble and repairs cost $300. Your auto insurance will cover half the cost. You need to decide whether to go ahead and get the car fixed,or take a chance and hope that it lasts for a while longer. How would you make this decision? Financially, would it be easy or hard?

Using self-reported household income, the researchers split the subjects into groups of “rich” and “poor.” When they tallied their scores on the Raven’s Matrices, there was no statistically significant difference in the groups’ performance.

But in a second version of the test, researchers raised the price tag for the repairs to $3,000. Although rich people’s test scores showed no significant difference, the poor people’s scores dropped the equivalent of about 14 IQ points: the difference between the categories of “superior” and “average” intelligence—or more pointedly, from “average” to “borderline deficient.” That’s a greater deficit than subjects in sleep studies typically show after staying awake for 24 hours, Mullainathan and Shafir highlight. “Simply raising monetary concerns for the poor,” they explain, “erodes cognitive performance even more than being seriously sleep deprived.”

They attribute this result to the maelstrom of problems poor people must suddenly confront in the face of a large unexpected expense: how will I pay the rent, buy food, take care of my kids? This round of mental juggling depletes the amount of mental bandwidth available for everything else. Such problems simply don’t arise for the rich.

To rule out other factors, the researchers posed nonfinancial questions with small and large numbers; they even tried versions where they paid people for correct answers to questions. In each case, there was no difference in performance.

But the real test lay in the real world, Mullainathan continues. If just thinking about scarcity preoccupied subjects, what effect would real scarcity have?

The answer came from fieldwork he and his colleagues were already conducting in India. Sugarcane farmers, they discovered, get their income in one lump sum at harvest time, just once or twice a year. That meant farmers were poor during one part of the year, and flush with cash during another. Because harvests took place at different times for different farmers, researchers could rule out seasonal weather, events, and their accompanying obligations as bandwidth-usurping factors. And when the researchers conducted a study there similar to the New Jersey mall experiment, the results mirrored their original findings: the Indian farmers performed worse on Raven’s Matrices tests before their harvest, and better after they’d been paid.

The conclusion was clear, Mullainathan explains: poverty itself taxes the mind. And in the case of the Indian farmers, he adds, the data were even more convincing: unlike the New Jersey “lab” study, where subjects were compared to other people, the farmers were compared to themselves. The only variables that had changed were their financial circumstances.



Scarcity Begets Scarcity

DURING THE LAST HALF-CENTURY, the effects of stress and distraction on attention and self-control have been well explored by social scientists: psychologists like Roy Baumeister of Florida State University (formerly of Case Western Reserve University) have done extensive work on willpower and mental depletion, for example, showing that people who had forced themselves to eat radishes instead of tempting chocolates quit working on unsolvable puzzles sooner than those who had not. At Stanford, another study on decisionmaking found that subjects asked to memorize long strings of numbers had a harder time choosing healthy snacks over sweets than subjects asked to remember just two or three digits.

It’s a phenomenon scientists can see even in the chemistry of the brain: during periods of stress and tough self-control tasks, glucose levels plummet in the frontal cortex (the region associated with attention, planning, and motivation). Low blood sugar can deplete physical capacities; a struggling mind can create similar chemistry in the brain, and trigger the same debilitating results.

But despite these advances in psychology and neuroscience, the idea that behavioral findings could beget insight into economic decisions is relatively new. For years, neoclassical economics maintained that people were rational, selfish actors who consistently made decisions in their own best interests. But in 1979, a breakthrough paper on decisionmaking by Princeton psychologist Daniel Kahneman, LL.D. ’04, and Amos Tversky of Stanford, began to chip away at that idea. Their study asserted that the way choices are presented has as much effect on decisions as the actual value of the things people choose. In the following decades, their paper became one of the most widely cited studies in economics; 23 years later, after Tversky’s death, Kahneman won a Nobel Prize.

Today, behavioral economics is a mainstream endeavor (see “The Marketplace of Perceptions,”March-April 2006, page 50), and to Kahneman, work like Mullainathan and Shafir’s represents the field’s next logical steps. “Clearly there is a psychology of scarcity,” Kahneman said in an interview, “and this idea that scarcity itself produces its own decisions is a new—and very interesting—one.” The pair’s work inverts the long-held thinking that the poor are poor because they make bad decisions, he added. “Instead, people make bad decisions because they are poor.”

And, as Mullainathan explains, those bad decisions abound. Though he doesn’t place all of the problems that poor people face on scarcity’s shoulders, he believes scarcity can explain a mentality that people in its grip face. “We’re not just talking about shorter patience or less willpower,” he says. In the poor, “We’re often talking about short-term financial fixes that can have disastrous long-term effects.”

Take payday loans, for instance: high-interest loans that provide cash on demand, to be paid back when the borrower’s paycheck arrives. According to Mullainathan and Shafir, in 2006, there were more than 23,000 payday lender branches in the United States— more than all the McDonald’s (12,000) and Starbucks (nearly 9,000) locations combined. It’s a popular way to get money today, particularly for those without bank accounts. But for people without reliable incomes, debts must often roll over into the following month, incurring exorbitant fees. “This type of high-risk borrowing seems ridiculous,” Mullainathan says, but “we wanted to prove that thinking like this doesn’t come from a lack of financial understanding or foolishness—it comes from putting out fires.”

In 2011, in collaboration with Anuj Shah, now assistant professor of behavioral science at the University of Chicago Booth School of Business (then a graduate student at Princeton), they devised a study that they hoped would prove their point, inducing that same high-risk borrowing behavior in Princeton undergraduates by having them play a version of the American TV game show Family Feud.

In the show, contestants are asked to name things that belong to categories—for instance, “Things you might find in a professor’s office.” Unlike regular trivia games that have right and wrong answers, there are no right responses in Family Feud, just popular ones (the list of answers is gathered from a survey of 100 people prior to the show). Because contestants must think through an array of options before answering, time pressure limits the number of paths they can explore before hazarding a guess, so scarcity’s effects are in full bloom.

At Princeton, contestants were randomly split into “rich” and “poor” groups—the rich having more time to guess than the poor. All were given the option to borrow time: each additional second borrowed would cost them two seconds of “interest” deducted from their total time.

“The results mimicked everything we see in the real world,” Mullainathan reports. At first, the poor performed better than the rich did; scarcity made them focus more intently on the task. But when, in the next round, the subjects were allowed to roll over their loans and “repay” in subsequent rounds (thus making future rounds shorter), things quickly fell apart for the poor contestants. Early borrowing created a vicious circle for the poor; pressed for time, they needed to borrow more seconds, and borrowing more made them more pressed for time. By the final rounds, most of their time went to paying back loans, and the poor lost rounds that the rich won handily.

These students were randomly assigned to “poverty,” Mullainathan explains, so there could be nothing substantially different between them and those fellow students labeled “rich.” “The study shows the intimate link between success and failure under scarcity,” he and Shafir write inScarcity. And scarcity, no matter whom it menaces, inevitably leads to more scarcity.

Escaping the Scarcity Trap

SO HOW CAN PEOPLE ESCAPE the scarcity trap? And why does such research matter? The answer, says Mullainathan, isn’t necessarily a shift in policy, but a shift in policymakers’ perspective.

Typically, he explains, when the poor remain stuck in the grip of poverty, policymakers tend to ask what’s wrong with them, pointing to a lack of personal motivation or ability. Rarely, he continues, do we as policymakers ask, “What is it about this situation that is enabling this failure?”

This is the question we should be asking, says Mullainathan—a point he and Shafir make quite memorably in their book by telling a story about a spate of plane crashes that occurred during World War II. During that era, the authors recount, the United States military experienced an inordinate number of “wheels-up” crashes; after planes had landed, pilots would inexplicably retract the wheels instead of the wing flaps, sending the planes crashing to the runways on their bellies. At first, the blame fell squarely on the pilots, the authors explain: why were they so careless? Were they fatigued? But when the military began to look more closely, they realized the problem was limited to two particular plane models: B-17s and B-25s. Instead of looking inside the heads of the pilots, Mullainathan and Shafir write, the military looked inside the cockpits of those specific planes; there investigators discovered that the wheel controls and flap controls were placed right next to each other and looked nearly identical—a design specific only to the crashing planes. After identifying the problem and implementing a minor change in design (a small rubber wheel was placed on the end of the landing-gear lever), the number of wheels-up crashes declined.

“Error is inevitable, but accidents are not,” Mullainathan and Shafir explain. It’s not that pilots don’t bear responsibility for their training and alertness, but “a good cockpit design should not facilitate mistakes.”

The same should be true, they argue, for programs and policies that address poverty. Just as well-trained World War II pilots made seemingly silly errors in poorly designed cockpits, well-intentioned social programs such as low-income job-training courses, subsidized vaccination programs, and bank programs designed to help people save money, sometimes fail to attract—or retain—the people they are designed to serve.

It’s natural to look at the intended clients and blame a lack of personal responsibility, the authors explain. But, as Mullainathan and Shafir have shown through their own work, all individuals stuck in a cycle of scarcity will inevitably find themselves plagued with similar slips in performance; focus often suffers, long-term planning gives way to immediate financial fire-fighting, follow-through on commitments often becomes sporadic.

So why not design social programs that make room for this scarcity-induced behavior? the authors ask. Why not look at the “cockpit” instead of the “pilot”?

Take job-assistance programs, for instance, where absenteeism and non-completion are a regular problem. The clients these programs serve are often mentally depleted by the time they arrive for classes, the authors explain: out-of-work clients struggle to make ends meet and often must arrange transportation and child care in order to attend a session. If a client misses a class—a likely occurrence—the authors explain, attending the next one becomes much more difficult, and dropping out becomes increasingly likely.

But what if the class had a less rigid curriculum? Instead of offering more classes or changing the curriculum, Mullainathan and Shafir suggest, existing classes could be altered to start at different times and proceed in parallel. Then, if clients miss a class, the authors argue, they could simply show up the following week to a parallel session running a week or two behind.

Although this type of accommodating approach is often criticized as coddling or paternalistic, Mullainathan and Shafir argue that it’s just the opposite. This is not a substitute for personal responsibility, the authors claim; rather, “fault tolerance is a way to ensure that when the poor do take on [responsibility] themselves, they can improve—as many do. It is a way to ensure that small slipups—an inevitable consequence of bandwidth [depletion]—do not undo hard work.”

Most importantly, the authors explain, this shift in focus from “pilot” to “cockpit” does not necessarily require expensive monumental changes in existing policy. Rather, they argue, just as the addition of the small rubber wheel to the landing-gear lever in the World War II planes reduced pilot error, these social programs might achieve greater success through small tweaks to their design.



Designing for Scarcity

SMALL CHANGES can have huge effects, Mullainathan explains—an approach to policy that has gained traction during the last decade, in particular through the work of Richard Thaler, Walgreen Distinguished Service Professor of behavioral science and economics at Chicago’s Booth School, and Walmsley University Professor Cass Sunstein, of Harvard Law School (see“The Legal Olympian,” January-February, page 43). Their 2008 book, Nudge: Improving Decisions about Health, Wealth, and Happiness, presented years of research and insight on “choice architecture”—methods of influencing decisions by changing which choices are offered, without taking away people’s freedom to choose.

This type of decision manipulation is well known—and widely used—in the world of marketing, and like any tool, Mullainathan says, “It can be used for evil.” But in the world of behavioral economics, the idea is to help people do the things they already want to do: ironically, to make the rational, healthy, self-benefiting choices that traditional economic models (wrongly) assumed they already consistently did.

In certain circumstances, he explains, “nudging” people into better choices can be as easy as changing the wording on a page. For instance, when workers start a new job in the United States, they are given a form asking them to check a box if they want to enroll in a 401(k) retirement plan. In a 2001 study by Brigitte Madrian and Denis F. Shea (both then at Chicago; Madrian is now Aetna professor of public policy and corporate management at the Harvard Kennedy School), researchers gave new employees at certain businesses slightly altered forms, instructing them to check the box if they did not want to enroll. The results were striking, notes Mullainathan: at companies where employees had to opt out, more than 80 percent enrolled; at companies where they had to opt in, only 45 percent checked the box.

But in other circumstances—for example in the case of payday loans—the solutions are much less straightforward. Poor people take on these predatory loans because they have to, Mullainathan explains; bills must be paid now. Any nudging—or even outright pushing—at that moment will likely have little effect. But what if the nudges occurred long before the payday loan was necessary? What if people who are consumed by financial pressures in the present got help in planning for the future?

Mullainathan and Shafir present pages of suggested solutions, citing successful programs like Save More Tomorrow, a retirement-savings plan designed by Thaler and behavioral economist Shlomo Benartzi, a professor at the UCLA Anderson School of Management. The program asks people to commit to savings deductions whenever their salary increases in the future; instead of asking them to sacrifice during times of scarcity, Mullainathan explains, it’s done during times of (relative) abundance. The results were encouraging across the board, and in one firm, more than 75 percent of those offered the plan chose to enroll. By the third pay raise, those who had opted in had more than tripled their savings rates.

To effect such changes, behavioral economists must first shift people’s thinking—and the only way to do that, says Mullainathan, is to provide more evidence that their approaches to policy work in the real world.

Many scientists and nonprofit organizations are already answering that call, running experiments around the globe to test proposed changes in policy. In 2008, Mullainathan and Shafir themselves joined with several other colleagues to co-found Ideas42, a nonprofit that collaborates with organizations and businesses worldwide to test behavioral approaches to problems. A 2013 collaboration with the Cleveland Housing Network, for instance, yielded a 20 percent improvement in timely rent payment simply by sending postcard reminders and creating a monthly raffle for tenants who paid on time. Even changes as simple as new wording on a bank statement, converting interest percentages to “dollars owed,” or telling people how their gas and electricity usage compares to their neighbors’, have affected people’s choices for the better, Mullainathan explains. “The idea is to encourage people to do things just by making things easier. And the best part is…it often costs policymakers nothing.”

To Nudge author Richard Thaler, work like this marks the next step in the evolution of behavioral economics. Mullainathan and Shafir “are part of a generation of economists and social scientists changing the way we think about development economics,” he said in an interview. “They have taken seriously the idea that we have to do things that are not just interesting to other academics, but that have the possibility of being scaled up.”

Scaling Up the Science of Scarcity

FOR POLICYMAKERS, it’s that potential to effect change broadly that matters—and the evidence of success from the behavioral sciences has begun to catch their attention. In 2010, the British government formed the Behavioural Insights Team, intended to spread understanding of behavioral approaches and to implement trial programs in several areas of social policy. In 2014, the White House formed its own Social and Behavioral Sciences Team (called SBST, though many in the field refer to it as the “Nudge Unit”), and other governments around the world have shown interest in doing the same.

Perhaps the best indication of growing awareness of the value of these behavioral insights came this past December, when the World Bank released its 2015 annual World Development Report, which for the first time was devoted entirely to behavioral approaches to policy. The chapter on poverty was heavily influenced by Mullainathan and Shafir’s work on scarcity, according to one of the report’s authors, the Bank’s Alaka Holla. “Evidence of these programs’ success has been building for a while,” she said in an interview. “It was time to take this to the policy world.”

For Mullainathan, it’s been thrilling to see the spotlight widen from its traditional focus on people’s decisions to the circumstances shaping those choices. Mounting evidence of experimental programs’ successes and increased attention from reputable organizations has spurred real interest from policymakers in exploring behavioral economic solutions. But interest and full-scale adoption are two very different things, he points out, and the biggest hurdle to widespread implementation is the problem of poverty itself. “Our solutions always struggle because the underlying problem is so complicated,” Mullainathan explains. What might work for one population might completely fail for another.

Although social scientists know a lot about the economics of poverty, they know much less about the psychology it creates in individual populations, and this social science, Mullainathan argues, is just as important as the technological sciences policymakers rely on to solve problems. Scientists spend vast resources developing medications, water-purifying technologies, financial products, and social services designed to help people in need, he explains. But getting people touse these technologies also requires understanding the psychology of the people using them. Policymakers, he says, must make this type of research a priority.

“Bandwidth is a core resource,” Mullainathan and Shafir argue—one just as powerful, limited, and influential in people’s decisionmaking process as the dollars in their bank account. If we begin to look at bandwidth and the factors affecting it in the same way we measure economic circumstances, the authors claim, we can design and evaluate social programs based on how people actually act—not simply how numbers and statistics tell us they should.

“The mistake we make in managing scarcity is that we focus on one side of the calculus,” they write at the conclusion of their book. The cost of making changes to existing policies is easy to measure, but the cost of not doing so is much harder to quantify. This is what the science of scarcity attempts to gauge, Mullainathan and Shafir maintain: how situations, programs, and policies can deplete, tax, or build up psychological resources that are every bit as important as the physical ones that fill—or empty—our coffers.



Blog PhotoDarpan Sachdeva is the CEO and Founder of Nobel thoughts.com. With a long time passion for Entrepreneurship, Self development & Success, Darpan started his website with the intention of educating and inspiring like minded people all over the world to always strive for success no matter what their circumstances.To keep going and never get disheartened and learn from every adversity.