Read this transcript of Andreas Analogy of how gambling addiction kicks off and tell me if you think he is right or not. Basically, your opinion. Gambling is a tax for people who don't understand the mathematics of probability. If you understand how probability works, you can't ever rationally gamble. The only reason you would gamble is if you decided, "I am going to lose money; the fun I have while I am losing money is worth it." "I am paying a fee for temporary fun." But most people cannot do that. Once you become drawn into the game, the gambling process triggers these responses. You start getting confirmation bias, selection bias, and survivor bias. These are known cognitive biases. The person who wins thinks they were lucky, but they don't think about all the times they lost. As you are doing this, it is triggering your dopamine centers. Generally it is true, people who gamble day in and day out, in games that don't involve any skill but are engineered to give a specific negative payout ratio will never make you a long term winner. Take most slot games for example which have a return to player "RTP" value of 96%-98%, which means that for every 100 dollars you put in on average you will lose 2 dollars, but it is compounding over time against you and every bet is independent of the other. The worst part is there is psychological tricks that casinos will use to draw you in, potentially giving you a bunch of wins early in a session which give the illusion that you can beat them, but the wins become less frequent and eventually you lose it all, their systems are complete blackboxes which can be manipulated in all sorts of ways. |
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Russian Exchange Allegedly Transfers Millions in Crypto for Fundamentalists in GazaIslamic Jihad, a Palestinian extremist organization active in the Hamas-controlled Gaza Strip, has received part of a $ 93 million payment through a Russian cryptocurrency exchange called Garantex, the Wall Street Journal (WSJ) reported. The company, originally registered in Estoniabut headquartered in Moscow,was sanctionedby the U.S. Treasury Department in April 2022 as part of measures to prevent Russian efforts to evade financial restrictions imposed over the invasion of Ukraine. It's inevitable that Russia will get caught doing such things. They are getting their ass kicked by their neighbor, in a completely unnecessary war, where hundreds of thousands of their soldiers have been killed and wounded - plus large parts of their most advanced equipment have been wiped out. Now they are left trying to fund Islamic extremists who would target Russia in two seconds as infidels, because they don't hold the same values at all. It is the most desperate of actions by Putin, a man who has ran out of tricks to pull out of his hat, which was empty a long time ago. The biggest mistake Putin made was shattering the illusion that Russia was powerful, it is a shambles of a country getting poorer by the day and making enemies for no reason except one mans greed. |
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I have seen some facial expression gamblers that I am emotionally touched about and feels they have loosed more than they can handle and feels they deserves an condolence winning. While I empathic with him his amount of lost, I am then to consoling myself that someone on here has lost more than I do.
This is exactly how some gamblers runs out of gambling budgets and goes bankrupt because they fails to figure what their net worth or incomes value is.
They are basically to believe one who lost $20 has lost more to them who looses $10.
People who end up getting emotionally attached to gambling will often end up making some very silly mistakes, as it's usually connected to desperation of winning instead of logically understanding the risks that are being faced. A good gambler will be sticking far within their bankroll and managing it appropriately, often losing no more than 1% of their balance in a single sitting - if we were to talk about a skilled game like poker. You should always be able to get up and leave the table, taking on board any lessons you might have taken and analyzing losing positions, but never feeling sad or uncomfortable that you've lost money. You're either playing entirely for fun or are on a step ladder gaining experience in a game you can beat long term. |
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If you want to be rich sell to rich kids.
Now let's talk about homeless people in USA and CANADA.
The world don't know that many of those homeless people are from the rich families.
And If they been spending years no stop then even they will get a lot money they still can lose it fast.
Once the old pals will die like joe Biden who's hard working and tough guy then their kids will go broke.
Canada and USA have the same problem and Im not just talking i know personally those kids who use to have money but now they are dead homeless or drug atticts.
This is the reason why USA and Canada native race become smaller and hard working indviduals taking over the country while native people falling.
You looking from TV and see that homeless people you think they born poor but it's not case i've met with many who use to drink and Party in Europe bahamas like 100-300k easy in one year and now they are broke.
Once the guys like joe Biden will go away their kids can't handle nothing maximum will be that they easy targets for foreign sharp minded people to take advanched of the situation.
Rich kids aren't looking for your advice or going to listen to it, because they live in a bubble sort of world. Nor are they destined to a life of destitution if they have sensible parents guiding them wisely. Often large amount of money will buy them an education that will stand out on a resume and get them through important doors that they otherwise would not have access to. For these sort of people growing up and past university, it's not even what you know, it's often who you know or connected with when growing up that can get you into a cushy high level seat. If their parents let them go wild a little bit it's not going to ruin them, but they definitely need to have limits and it's better if they are not overly spoiled, so they learn the value of money early on. |
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Between drugs and gambling, which one do you think is more addicting than the other? I have a good reason for asking this question, because there is something I saw not too long and I am doubting if anyone have seen the same thing, I am from a place where crack heads ( drugs addicts ) and also gambling addicts are all around, here is what I've seen.
I have seen crack heads more than responsible with there cash, than gambling addicts, this is what make me to ask you guys this question, drug junks are more responsible than gamblers, I have seen a gambling addict who spend 200 grand in under one and half hour on gambling, I've never seen a crack head done such before, not even on drugs.
I have seen a crack head who changed and when we had some chats he thank God in front of me, saying he is thankful that is addiction was on drugs and not gambling, he sounds so scary of getting addicted to gambling as he confirmed that gambling seems so much harder to quit.
He went on and say something about his friend who use 15 years on gambling and the friend isn't really sure how he will stop and the friend said that if he didn't stop it will kill him sooner or later, like he knew the danger lurking but he doesn't know how to stop, he isn't sure he will get better. The friend started telling him how the world will be better off without him, that's when they started locking him up, and the battle to change him when on for four years straight before he died from strange illness.
I was so scared with this story and It affected me for a while, I stopped gambling for a week because of what I heard from this man, his appearance is that of someone you won't want to listen to but what he went through is so eye opening that if other addicted gamblers hear from him it could change them, gambling addiction is really scary.
You're talking about the ways and means that people have to spend money, which is a false comparison really. If someone was addicted to crack, they had access to $200k and suddenly that was the cost of their next hit, then they would likely exchange that sum of money to meet their fix. Both can be devastating at the far end of the spectrum, but gamblers - unless they are super rich - don't find it easy to put together that sort of money, they're often scrambling together small amounts. Each addiction can spend equal amounts over a life time, but beyond the mental dependency there is actually physical withdrawal outcomes which are quite severe for a drug addict which may force them to take more extreme measures to earn enough money to make that condition subside. |
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Banks are the cause of millions of crypto project failures
Banks are the enemies of governments and the main actors in wasting government capital, Banks are fools who only increase their capital and people get poorer, Dollar competes only with Euro, Yuan, Yen etc whose market value is fixed the reason for this is bonds/bills and unsound financial structure, While on the other hand, the banks are not paying attention to the millions of cryptocurrency projects that have failed, It is surprising that banks only consider it necessary to prefer dollars against euros or fiat currencies against fiat like pound, yen, yuan or other currencies, While each currency created on the blockchain is a counterpart to another currency, Which means it is an exchange of Euros and Dollars along with other fiat currencies, Banks can print new USDs/Euros to exchange them against the cryptocurrencies, furthermore banks can provide liquidity services to new projects whether it is a Meme or Pump Dump token. This service of banks could have saved millions of failed projects from failure, Due to which common people are losing hundreds of billions of dollars every year, While cryptocurrency exchanges have become alligators to support cryptocurrency projects, Banks are well aware that printing dollars or euros creates deflation rather than inflation against the cryptocurrency projects on the Blockchain platform, Because it reduces the volume of dollars or euros in public circulation to support cryptocurrencies, On the other hand, trading in cryptocurrency increases public benefit, The saddest part is that banks are not providing any services to list cryptocurrency projects on centralized exchanges, For which banks can issue new loans as well as create their own exchanges, These loans can help many failed projects, pump and dump tokens to list on cryptocurrency exchanges, For which no verification is required and people remain anonymous, Because banks can take their share in the form of tokens while issuing loans, the share portion can be equivalent to the loans they issue to such projects along with this to help them to get listed on exchanges, banks can support economies by providing liquidity to such projects by continuously issuing loans too.
You seem quite confused and angry, to come up with a wall of text like that - it's hard to decipher what you are rambling on about. I wonder if you know that most banks are in actual fact publicly listed on the stock market and anyone is free to buy up shares in them, to take a cut of the profits? They also have large portions owned by pension funds, which can make up most of the population, so we all indirectly own shares in them in that manner. But then, are you talking about the central banks of nations or private sector banks, because you have gone on such a rant it is hard to figure out what you're trying to say. Central banks can create more currency, but generally want to keep it stable, and private banks are able to leverage deposits at a ratio defined by the government. |
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Good day everyone,,, I would like to share my winning with you guys, but I am not just doing it because I won the bet, but it is because it wasn't the amount I wanted to stake that I staked.
A friend of mine collected $10 from me earlier yesterday and I wanted to use the money to gamble, but based on, he is my friend. I gave him the $10 he asked for, and the guy said he would return the $10 back ASAP after 3 hours, but he didn't and the $10 was the amount and same money I wanted to use and stake a bet (I have some coins but don't have cash and I don't want to sell any penny of my coins for any reason). But letter on, I used 1000 naira ($1) to stake the bet and I won 49,814 naira (about $50+).
Now I am angry at my friend because he didn't keep to his words. Although I am still happy about the win, I wish he had given me back the $10. Then, I would have win bigger money.
The older you get, the more you should realize that there is no point regretting the past. It is something that you cannot change and dwelling on the "wrong" decisions will just drag you down. You can use prior experiences to improve your future experiences, so definitely do not block it out - as you have the potential to earn valuable lessons which are often much deeper ingrained if they are combined with a little bit of pain. Gambling is one place where it is completely foolish to keep such a grudge and bad feelings, if this person is a friend, because bets are often 50/50 at best in order for you to make a decent sum from it. If you wanted to place the bet, you should have done so, it is all your fault for not doing that. |
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There is no rule that war Will make free of mortgage payments.
Now it's better to own only cryptocurrency becouse crypto is untouchble by war and you can take it with you If you move in world.
Now it's not good own nothing i sell everything now and put in stablecoins and btc.
Now it's better to give your Property back to bank instead of owning i have mortgage i told my bank take it i Dont need i'll just rent apartment and hold most of my wealth in crypto.
Imagine war will destroy your Property and you still have mortgage better IS to give mortgage property to bank let them have it.
Nobody dont protect your wealth If not protect yourself safety first.
There's a few things wrong with your assessment. First off, if you're in a war where your home is getting destroyed then it's quite possible the banks in your country are in a war time economy and will barely be holding together the most basic transaction activity. They will be forced by the government not to charge people who have lost their homes in such a manner, or a competent government would set up a compensation scheme to held cover this emergency situation, if they cannot manage that then you are quite possibly losing the war. There's no chance that a population would accept such a situation and the government would fear an uprising if banks forced people to pay while facing ruin like this. There would likely be some sort of communal insurance fund set up to compensate people who have lost their home in the war, as most insurance operators would leave the market. |
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Numerous bad news and developments unfolded this past week, mainly impacting privacy and decentralization. The recent crackdown by United States authorities on well known mixers has serious implications for users and even businesses or projects. Mixers were originally designed to keep users anonymity, and the current situation appears to be so harming for both sides and a slap for bitcoin users as well.
The worse news, is mixers will no longer be allowed in Bitcointalk for any kind of promotions or even discussions. Along with the risk of getting banned because of that means ; Mixers are dead here in BTT.
Now, you may be wondering about the connection between mixers related issues and casinos. The thing lies in casinos capability to facilitate untraceable transactions, enabling scenarios like depositing and withdrawing without a trace, potentially leading to money laundering.
The important question here: how will casinos respond to this new landscape, and what measures will they take and implement to face the challenges posed by recent developments? Probably many users will join casinos for an alternative of mixer.
Mixers were bad news from day one and few even achieved what they claimed to do in the first place. They are the very definition of money laundering and will always be treated as such by law enforcement in every single country. They have some very edge case legitimate usage, but the vast majority of people using them are for illegitimate purposes. There's no point acting like this is a new development either, there have been continuous and repeated waves of shutdowns over the years. In fact they probably stagger such prosecutions so they are able to catch many fish in the net and tie many cases together. Casinos may actually benefit from this in the longer run, as they are rather fluid with their deposits. |
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As we understand, liquidity refers to the rate at which you can easily sell an asset or investment and convert it to cash (this is the best way I understand it). Some investments include stocks, cryptocurrencies like Bitcoin, real estate, high-end wristwatches, and more. Bitcoin is highly liquid because at any time of the day, year, or at any place I am, I can easily sell my Bitcoin for cash. However, Bitcoin and other cryptocurrencies are also very volatile compared to other assets or investments. Yes, they are liquid but not necessarily non-volatile. Can I, therefore, conclude that the higher the liquidity of an asset, the higher its volatility?
I once attended a conference, where some very clever ex-wall street traders explained a few different strategies and this was one topic that came up. Traders love volatility because they are able to make big profits from "betting" on how a certain stock will perform and if the market is quiet they do not earn as much. Crypto is very volatile when compared to the regular stock market, which would take a rare occurrence for it to double in the space of a year, but somewhat comparable if you compared individual cryptocurrencies against individual companies - there is always a growth story happening somewhere. However you need to be aware that companies in the stock market are actually producing tangible goods or services, which makes a profit, which gives their shares inherent value, which is not the same for crypto. |
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The lottery is very popular here in our country you can find lotto outlets in almost every corner of our city, and there's always a long line whenever the top prize balloons I frequently bet in a lottery but every time I bet I just mark the LP sign in a lotto form which means Lucky Pick that is the machine will be the one to pick the numbers for you.
My reason is I don't want to have attachments on numbers that I'm going to bet because it will make me a lotto betting addict, some bettors keep their favorite numbers to bet and they make sure that they bet on it daily in fear that it will come out when they failed to make a bet.
In your country do you have this LP lucky pick feature in the lotto form and do you choose LP to make a bet for you or are you keeping numbers to bet, what are your reasons, and what's your success rate?
I like to pick the numbers but understand that the odds are exactly the same as letting a randomized number generator choose them as well. There's one interesting thing though and it likely just comes down to random variance, but you can find that the actual numbers that come out are often not as equal as you expect. For example the number 7 might come out 8 times out of 100 draws, but the number 21 comes out 40, so you've got the wonder if there is something going on there - however fractionally small the weight difference might be between lottery balls, maybe it has an effect. In reality the numbers 1,2,3,4,5,6,7,8 should just be at likely to come out as any other combination. |
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Hey guys, I wanted to get a discussion going on something that is effecting our economy here in the United States in a very big way, and that's this new "practice" of "flash mob' theft. Here in the US we are having a serious issue where in person stores such as shopping malls, clothing stores, jewelry stores etc are under siege from mainly teenagers/young adults who gather in large groups, wear unidentifiable clothing, often masks, and run in to stores overwhelming workers, stealing items and running out.
This had gotten REALLY bad here in the US over the past I'd say 3-4 years. It's only getting worse. It's forcing stores to close at rapids rates, as well as re-arrange how items are displayed, often locking them up behind glass cases, and forcing a store employee to open the case to grab the item..this is for even stuff worth no more than $5.
Is this happening where you live, in your country? How much of an effect on the economy do you think it's having? Is the effect mitigated by online shopping, where business isn't being completely lost, just not done in person. I have to assume people losing their jobs at physical stores could be taking a tole on the economy as well and will continue to. Thoughts?
This is more to do with general crime and whether law enforcement are doing their job adequately, because while they are shocking acts it is usually possible to apprehend many of the people involved and they are very rare in the grand scheme of things - but they make a big splash in the headlines. Such mob mentality should be stamped out, because it undermines society and ultimately ends up hurting the poorest even further, if shops feel like they cannot operate any longer in a certain area. However it is only a very small part of the reason we are seeing store closures, a much bigger part is ultimately Amazon which is outcompeting these smaller businesses because it has such a vast scale and is able to keep expenses without having store fronts much lower. |
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There are some old people in my family which are paying cricket fantasy games. They usually talk about the games and their performance is matches almost daily. It is obvious that if any younger guy in family will listen about this, he will also be eager to know more about this. How can I stop the younger generation in my family being carried away by this and focus on other important things like studies only ?
Unfortunately this habit can be introduced to younger generations by the behavior of their parents and other people around them, but in many countries areas where gambling is allowed is often restricted except for online sites. Care should be taken not minimize exposure to gambling related activity, but if you think about certain sporting events there is a lot of this sort of advertising around. You also need to keep an eye on the sort of content they are finding on sites like Twitch as well, which can often have people playing slots or other casino games, even the microtransaction or loot boxes type betting within normal games can lead someone to pick up these sort of addictive habits. |
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Here is how and why , USA want to print Money off course USA china and russia can Do that they are world top export countries.
But If you print too much we all know "inflation"
Bitcoin can solve that problem the way that goverment will buy the bitcoin with printed money so btc price will be high and whenever the USA need to spend on military or something the payment will be done by bitcoins.
Same time fed can print and only small fraction of this printed money goes to people or economy most of the funds must go to the btc and btc will be accepted as form of payment to settle payments.
For example: USA want to buy from china so fed will print money and put this money in BTC the btc price goes up and btc will have value and you buy more with btc than any other currencies.
We are not talking about buying food or small items with btc we talk about export and imports between the countries.
Untfortunately stablecoins not solving the same old problem the inflation.
The bitcoin can solve this problem If countries will place restrictions and rules over fiat currency transactions but instead of fiat they use btc.
Not usa but all the countries can print and allocate most of the money in the btc and then using the btc for payment settlements.
The dollar does not need saving and Bitcoin would not be the one to save it even if it did. Bitcoin simply cannot process anywhere near the required capacity of transactions needed to act as a replacement. The US people actually benefit hugely from being the custodians of the dollar, because they are able to sell debt to overseas buyers - who constantly lap it up because it's so reliable - and get to depreciate the amount of debt they have to pay back by printing money. They gain huge benefits from this and will not easily give up the status quo, but besides the Euro there are not really any other good contenders to act as the reserve currency of the world either. The way you frame this, makes it seem like Bitcoin needs the dollar, not the other way around. |
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As a gambler, how many bets do you think you need to place to give you a true idea of how good you are? Anyone can hit 60% in the short term. But for example in betting I am hitting between 55-60% depending on the sport after around 450 - 500 bets. Assuming I want to go pro on betting, do you think that this is good enough or do I wait and see what my percentage is after 800 - 900 bets before making a decision?
The number of bets you make is largely irrelevant unless you are engaged in a game with clearly definable advantages, like poker. If I make 100 sports bets, each one is independent of the other and each one comes with it's own myriad of risks involved. You could make a hundred bets at 1.01 and likely find that 99 of them will pay off, it doesn't make you special or skilled. There can also be a natural variance, where you might get "lucky" by winning a string of 5 high risk bets, but then fail your next 50 high risk bets. If you plan to make money over the long term with something like sports betting, then it's definitely wise to track your returns and try to figure out profitable strategies, but you need to be careful how you interpret the data. |
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Anyone who you know know someone who don't have money no Jobs.
People cant afford the housing cant pay bills and goverment just watching no actions.
It's all falling down the landlords soon can't pay utilities becouse of rent debts.
I have friend who use to rent out apartments and now he can't collect Even rent money people don't that have coused Him problems and he have to sell his second car but even with low price hard to sell car.
Things going bad shops around the world just put prices up to cover stolen funds people steal from the shops like never before soon all the shops must be protected by military.
Anyone knows plans how to make us normal again the property time like was covid19 when Money and wealth was normal thing.
World is very close to martial law when military will secure streets police not enough becouse poverty change people
But this not what we use to we are use to with Luxury and good life people don't Understood how to live If wealthy life is not the essence.
Only way will be unite and trust each others If elite dont start support people average people can collect their own funds and use cryptocurrency If fiat system falling.
But goverments should have some plan i wait airdrop of money for each people AT least 2000-3000$ without working ubi income
There is nothing unique or special about the current economic situation, in fact many will see this as good times - you have record unemployment in places like the USA and Europe. Peoples personal situation and perception can sometimes create a warped projection of what they think the world is like, but the reality does not align with what you think is happening in the world. You don't need to worry about people like landlords not being able to pay the mortgage, as they are often guilty of overstretching and they certainly aren't thinking about you. Hopefully the war in Ukraine comes to an end soon, as that would go some way to alleviating a bit of the spike because it has been highly disruptive to trade. |
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I have observed that the rich, I mean those who are financially comfortable, win more in gambling than the poor. By poor, I mean those who do not have enough to meet all their needs. I don't know the reason for this. Could it be that the rich understand financial management more? Or could it be that the rich are less desperate to win which make them make better gambling decision? I really want to know the reason for this pattern I have observed.
There may be some subtle effects going on that are not being seen. The chances are that someone who has become "rich" as you put it, has better financial control and has learned to evaluate risks better as they have acquired that wealth. This can make them more likely to pick winners, or perhaps make them less likely to overstretch when it comes to gambling, as they might be more content with winning 1.5x their money rather than trying to triple or more. Desperation can be very damaging and lead to fuzzy thinking when you have a little money that you're trying to multiply. However the psychology of gambling is complicated and the amount of risk someone will take very dependent on the individuals experience. |
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I was thinking that if you have money you can make a good income from any investment in the world without someone having the idea, until I met one young wealthy man in the flight yesterday and he saw me checking some coins price in my cryptocurrency wallet, and he begin to ask some questions related to cryptocurrency and, I responded to him in a way he begin to show some interest in cryptocurrency investment. Based on some orientation I gave to him in the flight made him to return the money I paid for flight when will got to our destination because, he gained some ideas from me in the flight that made me to bring this topic, Is there any way someone can survive only in money in a particular investment without acquire idea? Because I know that idea and money are very important to investors.
If you have idea on a particular investment, it will help you to follow the straight way that will lead you to some stage that will make you to believe that you are close to your destination of greatness, and if you have money and idea, very easy for you to grow higher in your investment which the two are very important to investors because, you will know the type of business to invest your money which you have the idea that it will bring a good profits to you in the future. Do you believe idea and money are very important in investment? Or can you succeed with money without idea in that investment.
"No duh" comes to mind when reading the thread title. The world resolves around business and money, but you don't necessarily need an original idea to be profitable. In some markets if you're able to reach a certain scale and undercut your competitors price, then you can potentially squeeze enough profit out of it to sustain a business. Ideas are often worth nothing however, until they are transformed into practice - so your friend does not owe you anything and many other people could have thought of the same concepts as you. If you think your ideas are so genius, then put them into practice instead of moaning and pretending they made someone else rich, it was the action that made the person rich, not simply the thought. |
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I have a developer who recently stumbled on multiple AI he uses for sport betting predictions, he uses it to generate sport bettings but none of the bets gets to be accurate as it generates tens of games. but when used to generate a much lesser number of games the predictions are sometimes correct, at least 3 in 10 predictions of "multiple" bets.
But he loves having 30+ games "multiple" bet to win big amount and so far it has been a challenge in the last 5-6 weeks as his winnings have drastically dropped.
Should AI be relied on for sport betting predictions?
It definitely seems feasible that at some point in the future, when AI is fully tuned into all the latest news sources and has a reliable stream of information like news, "celeb gossip" that can describe player issues, management and weather analysis, among a lot of other data, then it might be able to beat existing analysis by bookmakers. Just bear in mind however, that these very same bookmakers are trying to stay ahead and improve their existing prediction capabilities all the time, because there is a lot of money at stake if they get it correct.. or wrong. Being able to accurately predict 3 out of 10 results doesn't seem much better than random guesswork to me. |
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Ones mindset towards your goals may help to determine one's success. Someone with a growth mindset has a great potential to be successful in life. Has he/she will views intelligence, abilities, and talents as learnable and capable of improvement through effort while a fixed mindset views those same traits as inherently stable and unchangeable over time. The below picture will challenge your mindset and also help you determine which mindset you have.
While those who adopt a fixed mindset are more likely to:
👉Believe intelligence and talent are static
👉Avoid challenges to avoid failure
👉Ignore feedback from others
👉Feel threatened by the success of others
👉Hide flaws so as not to be judged by others
👉Believe putting in effort is worthless
👉View feedback as personal criticism
👉Give up easily
Can a person’s mindset change?
Just as someone can grow and develop their intellect, a person is also capable of changing brain functions and their thinking patterns. Therefore, one's mindset can be changed.
How to develop a growth mindset
🧠🧠Realize that, scientifically, you can improve
One of the most direct methods of fostering a growth mindset is by understanding our brains are built to grow and learn. By challenging yourself with new experiences, you can form or strengthen neural connections to ‘rewire’ your brain which, in turn, can make you smarter.
🧠🧠Remove the ‘fixed mindset’ inner voice
Many people have a negative inner voice that acts against a growth mindset. Try to flip thoughts such as ‘I can’t do this’, to ‘I can do this if I keep practicing’ to nurture a growth mindset.
🧠🧠Reward the process
Although society often rewards those who achieve excellent outcomes, this can work against a growth mindset. Instead, reward the process and the effort exerted.
🧠🧠Get feedback
Try and seek feedback on your work. When students are provided with progressive feedback about what they did well and where they can improve, it creates motivation to keep going. Feedback is also associated with a pleasurable dopamine response and enhances a growth mindset.
🧠🧠Get out of your comfort zone
Being brave enough to leave your comfort zone can help foster a growth mindset. When faced with a challenge, try to choose the harder option that will allow you to grow.
🧠🧠Accept failure as part of the process
Failure, setbacks, and initial confusion are all part of the learning process! When trying something new,see occasional ‘failures’ as positive learning opportunities—try to enjoy the discovery process along the way.
CONCLUSION
Since, ones mindset can be changed, it's better for one to develop a growth mindset towards all one's activities in life to achieve a great result. Develop a growth mindset toward all your goals today to improve on your business, studies, etc.
There's a lot of good advice in there, but the odd piece that doesn't make sense - I've never encountered anyone who thinks "intelligence is static". A lot of the traits I see in the "fixed" mindset are what I'd sometimes associate with someone who is stuck in a depressive state of mind or they may feel trapped in a certain situation. If you do not have access to material and knowledge beyond what you know already, it can be hard to improve yourself. Imagine being stuck in a family compound in Saudi Arabia, the limits of your knowledge are often what you can directly access around you - news and internet from a government controlled media that are pushing a certain, often religious tinted, agenda - until you grow up and see other parts of the world you can be confined by that environment. |
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