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The "how to make money" topic is quite popular online and in this introduction, I decided that I'll tackle it - book style.
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The Study Newsletter #006
by Ivaylo Durmonski
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A bimonthly bookish newsletter for lifelong learners and wanderers alike. Full of timely, wise, and deliberately short assortments ranging from book recommendations and summaries, articles, introduction to thinkers, thinking concepts, and more. All shaped specifically for our morally confused and widely distracted age.
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Hello online friends,
As you may know, the "how to make money" topic is quite popular online and in this introduction, I decided to tackle it - book style.
So, here is a question:
How to make money with the books you own?
First, the most obvious way to profit from the books you already own is by switching the ownership - or in other words, selling them (but don't!). You can also - as your mom probably told you a thousand times when you were a kid - actually read those page bricks full of wisdom and use the knowledge inside to fix your life.
Yes, it might sound strange in the era of tweets, cryptocurrencies, and short clips but books can earn you money. Not directly, but indirectly.
That's the whole beauty of reading.
The experience of reading alone doesn't directly influence your bank balance, but the content you're reading does.
It surely won't happen overnight, but the more you immerse yourself in quality content, the more you'll improve the way you think and the way you approach life. Therefore, start managing your money better. And, start using the time you have at your disposal to guide your life to a better future than what the current reality is promising.
But there are two main issues with the books you currently own: You already own them. And by definition, owning something is far less exciting than thinking about owning something you currently don't own (strange, right?). That's why we're so fast on shopping and slow on consuming.
We align the perfect, Instagram-worthy library in our homes and then we forget to actually open these books (the second problem).
Not that there is something necessarily wrong with owning a bunch of unread books - there are a lot of arguments that building an antilibrary is helpful (I've included a link about this below). It becomes a problem when all books you own become a decor of your apartment - you use them simply to style a great-looking home.
So, before we proceed with the other stuff I'll leave you with a question: How reading affected the way you deal with money? Probably the answer won't be so obvious and instantaneous, but I'm sure that they did actually helped in some way.
(If for some reason your email client decides to clip the email, click here to see the full content).
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- [NEW] Traction by Gino Wickman: Feel like you’re losing control of your organization? Struggling to scale your business? Traction: Get a Grip on Your Business can help. Gino Wickman promises to turn your company into a well-oiled machine. The author introduces a systematic approach (called the Entrepreneurial Operating System) that will prompt you to create a strong vision for your brand – along with other practical strategies – so you can successfully create a nurturing, well-focused, goal-oriented, and most importantly effective organization
- How to Take Smart Notes by Sönke Ahrens: This book is a detailed dissertation of the famous Zettelkasten note-taking method – or slip-box in English. Created by Niklas Luhmann, a German sociologist, and philosopher, this extraordinary and non-linear way of taking notes is now one of the best-known techniques to put ideas on paper in order to remember things, craft academic papers faster, think deeply, and make connections between topics.
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Support my work: My newsletter is sponsored by my dearest members. If you want to support my work and to get access to the full summaries, you can consider becoming a member yourself. This way, you'll gain access to everything on my site.
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Interesting books I recently added to my reading list (and hopefully will read at some point):
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- The Death of Expertise by Tom Nichols: The flood of information we are all experiencing is confusing us. We start to think that quantity of knowledge is quality of knowledge. And while it's important to keep an eye on new information, it's equally important to know what stuff not to pay attention to. That's the premise of the book.
- How Emotions Are Made by Lisa Feldman Barrett: This book looks like a well-researched and thoughtful piece that aims to explain how our brain operates. How emotions are made and how we can better handle them.
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| Just Finished |
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Finite and Infinite Games by James P. Carse
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The importance of this book is beyond the available words this grey box has to offer.
In short, you have to read it.
As the title hints, there are two types of games in the world: finite and infinite games. Finite, are games where the players are too occupied with winning as fast as possible and not thinking about what will happen next. Infinite, are games where the players keep their eyes on the horizon. The more they get closer to the horizon the more surface they reveal. Thus, the horizon for these players is never-reachable. The actual point of infinite games.
In this book, James P. Carse won't teach you resilience, but he will show you why resilience is exceptionally important. He will upgrade your moral principles and allow you to see beyond your current setbacks. Most notably, allow you to focus on the long game that is far more important than the minor obstacles we daily face.
In the next issue of my newsletter, I'll share my summary of this book.
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Interesting words from books and around the web:
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- Ad infinitum [adverb]: A Latin phrase meaning "to infinity" - in other words, forever, without end or limit.
- Eunoia [noun]: The literal translation is well mind, beautiful thinking, wanting to help. The desire of a person to nurture a good and respectful relationship with the people around.
- Memento mori [noun]: A reminder of mortality. Memento mori literally means "Remember you must die". An artistic or symbolic reminder of the inevitability of death.
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| Melanie Klein |
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Born in Vienna in 1882 into a middle-class Jewish family, Melanie Klein is perhaps the most important woman psychoanalyst who ever lived. Yet, probably the least well-known to American psychologists.
Her contribution to psychology is profound.
She was the primary figure in the development of object relations theory along with other groundbreaking theories mainly around the development of the infant.
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| Big ideas: |
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- Object relations theory: Object relations theorists generally see human contact and the need to form relationships – not sexual pleasure – as the prime motivation of human behavior and in personality development. The term "objects" refers to significant others with whom an individual relates, usually one's mother, father, or primary caregiver. In some cases, the term object may also be used to refer to a part of a person, such as a mother's breast, for example.
- Depressive position: In simple terms, this is a phase of development that allows infants to see others as both good and bad. Before the depressive position, they see a good person as only good - they don't imagine that he can be harmful. The more they experience life, the more infants realize that a person can have both of these aspects - a single object possessing both of the qualities.
- Oedipal conflict: While Sigmund Freud first introduced the theory to the general public, Melanie Klein altered the idea to fit her finds. She saw the Oedipal conflict occurring much earlier than Freud and involving part-objects rather than whole parent-figures, and including infantile sadism. Melanie explained that the infant's world is largely split and relations are mainly to part-objects. She saw how children realizes a sexual link between parents at an early age, but perceives it through the infantile experience, thus conceiving of feeding one another, devouring one another, or even exchanging bodily excretions.
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| Notable works: |
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- Psycho-analysis of Children
- Love, Guilt and Reparation: And Other Works
- The Psychoanalysis of Children
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From my desk:
- Optimistic Nihilism Explained: Turn Meaninglessness Into Determination: Optimistic nihilism is the realization that the lack of meaning in the world and the universe as a whole can be liberating. Precisely because there is no inherited meaning in life, there is no cosmic plan forcing you to act a certain way, we are the ones who can create our path.
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| Sheepskin Effect |
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The sheepskin effect is a phenomenon in applied economics observing that people possessing a completed academic degree earn a greater income than people who have an equivalent amount of studying without possessing an academic degree. Or in other words, your diploma is a way to signal to others what you know. Having a diploma to show is perceived as far more valuable than what you already know - mainly because employers prefer workers who stick around and finish what they start.
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"A more interesting question, a question that most people never consider, is, “What pain do you want in your life? What are you willing to struggle for?” Because that seems to be a greater determinant of how our lives turn out."
- Mark Manson
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As the online void spreads, it's getting harder and harder to navigate in the virtual world.
Instead of actually using the information freely available online, we end up consuming far too many short snippets that are unusable in the real world.
If you're feeling that the way you spend your time online time is wasted, make sure to check out my guide - Internet Competence. Inside this 100-page eBook, I will help you make sense of the online world so that you can finally do something productive with the available knowledge.
Regards,
Ivaylo Durmonski
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