Elevate your game by Subtracting instead of Always Seeking Additions in your Toolkit.
Manish Gvalani, CFA
Leading an A-Team of Wealth Advisors and building an Unbreakable Future. I also publish a weekly newsletter covering longevity, investing, and human psychology.
The Chinese philosopher Lao Tzu advised, “To attain knowledge, add things every day. To attain wisdom, subtract things every day.”
Let’s think about how this applies to our respective careers. The logical things that come to mind for rising the corporate ladder will most likely be as follows -
No wonder most professionals are burning themselves out trying to make the most of their days by adding more and more to their CVs and to-do Lists.?
Unfortunately, that doesn’t leave much for many other domains that are equally or even more important than climbing the corporate ladder, such as family, health, friendships, peace of mind, personal development, etc.?
Hence, it doesn’t surprise me that people on their deathbeds admit that it was a mistake to pursue more and more instead of enjoying the simple pleasures with loved ones.?
However, the goal of rising the corporate ladder could be attained by subtraction, too. Let me explain -
These could take you to the top, too, but the trade-off here is that you may not appear as smart or competent, sometimes to yourself, since there is no signaling happening here.?I will elaborate -
We are genetically predisposed to the tendency to add because more and more is equivalent to another feather in our cap, drawing attention and adulation, signalling to the world that we are competent and successful, which our psyche craves.?
How else would you explain the entire spectrum of goods and services, i.e., necessities to Veblen goods? A simple dosa joint serves delicious meals, and so does a Michelin star in Four Seasons Hotel. But chances are high you may be tempted to treat many in Four Seasons instead of Appa Kadai in Karama ;)
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Your mind is constantly marching ahead to crave more, do more, show more, hoard more, and be more.
It has benefits, but with trade offs you may come to regret in times to come.
I’d invite you to consciously create systems/frameworks to assess your choices by asking the following questions -
You dont need a fancy temperature controlled mattress for good sleep, just reduce your time in front of TV or seated on the chair, you will be surprised with the elevation in quality of your sleep.
You don't need a beauty cream for glowing skin. Avoiding foods cooked with seed oils or packaged foods will give you 80% of the results you seek.
You do not need an LV limited edition tote bag to show that you're successful. You just need to be clear about your goals and have the necessary feedback/measures to gauge whether you're moving toward those milestones or not?
Why does it matter what others think about your level of success?
As it is, no one cares since everyone is most likely thinking about their own lives and issues. They may see your LV bag; what you don't realize is that they may be seeing through it while they debate choices floating in their heads almost all the time.?
“It’s not just that we accept objectively worse results because we subjectively like adding; it’s that we fail to even consider subtraction in the first place.” - Leidy Klotz, author of Subtract
Don't fall into this trap. It's a painful path, and this pursuit has no end.
Seek less to achieve more in the most effective way possible.