Bonus Bits – Week of 02/28/22
Good morning! Here are this week’s bonus tips and nuggets from around the community. To get these every day in your inbox, sign up to our daily newsletter where you’ll see these faster, as well as our top 3 curated articles every day!
👉 Active vs Passive Investing:
👉 Project 333 Challenge:
Project 333 is a minimalist fashion challenge where you dress with only 33 items for 3 months. This includes not only clothes but also shoes, accessories, and jewelry.
The idea is to create a “capsule wardrobe” and dress with a small collection of seasonally appropriate clothes, shoes, and accessories that can be mixed and matched easily.
Project 333 is a great inspiration to minimize your wardrobe, find your personal style, and remove unnecessary clutter. It is about finding the 33 items that you love the most and becoming better at creating cool outfits effortlessly.
👉 New book coming out soon: “Things That Matter: Overcoming Distraction to Pursue a More Meaningful Life” by Joshua Becker
Do you want to live a meaningful life—with very few regrets—and make a positive difference in the world? But is culture distracting you from doing so? Perhaps moments, days, and years go by without you stopping to ask yourself, Am I living out my true purpose?
In Things That Matter, Joshua Becker helps you identify the obstacles—such as fear, technology, money, possessions, and the opinions of others—that keep you from living with intention, and then he provides practical ideas for letting go of those distractions today so you can focus on what matters most.
He uses practical exercises and questions, insights from a nationwide survey, and success stories to give you the motivation you need to:
- identify the pursuits that matter most to you
- align your dreams with your daily priorities
- recognize how money and possessions keep you from happiness
- become aware of how others’ opinions of you influence your choices
- embrace what you’re truly passionate about instead of planning that next escape
- figure out what to do with all those emails, notifications, and pings
- let go of past mistakes and debilitating habits
Things That Matter is a book about living well. It’s about overcoming the chatter of a world focused on all the wrong things. It’s about rethinking the common assumptions of today to find satisfaction and fulfillment tomorrow.
👉 Term of The Day: Hypothecation
Hypothecation is the process of using collateral in exchange for a loan. Hypothecation is common practice with many types of secured loans such as mortgages, auto loans, and in some cases, personal loans. An example of hypothecation is when applying for a mortgage. The bank will require collateral to finalize the loan. So the bank and the borrower agree on the property to be used as collateral. The bank doesn’t own the property but can seize it if the borrower fails to repay the loan (default).
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