Forget New Year’s Resolutions and Conduct a ‘Past Year Review’ Instead

Forget New Year’s Resolutions and Conduct a ‘Past Year Review’ Instead

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Forget New Year’s Resolutions and Conduct a ‘Past Year Review’ Instead
I’m often asked about how I approach New Year’s resolutions. The truth is that I no longer approach them at all, even though I did for decades. Why the change? I have found “past year reviews” (PYR) more informed, valuable, and actionable than half-blindly looking forward with broad resolutions. I did my first PYR after a mentor’s young daughter died of cancer on December 31st, roughly eight years ago, and I’ve done it every year since. It takes 30-60 minutes and looks like this: Grab a notepad and create two columns: POSITIVE and NEGATIVE. Go through your calendar from the last year, looking at every week. For each week, jot down on the pad any people or activities or commitments that triggered peak positive or negative emotions for that month. Put them in their respective columns. Once you’ve gone through the past year, look at your notepad list and ask, “What 20% of each column produced the most reliable or powerful peaks?” Based on the answers, take your “positive” leaders and schedule more of them in the new year. Get them on the calendar now! Book things with friends and prepay for activities/events/commitments that you know work. It’s not real until it’s in the calendar. That’s [...]
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Caterina Fake — Lessons from Flickr, Kickstarter, Etsy, and Much More (#360)

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Caterina Fake — Lessons from Flickr, Kickstarter, Etsy, and Much More (#360)
Credit: Richard Morgenstein “I really am a big believer in people’s creativity flourishing when they come at things from a different direction and see things in a different way.” — [...]
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15 lessons on money and marriage from couples who have been married 10+ years

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15 lessons on money and marriage from couples who have been married 10+ years
We asked members of the IWT community who have been married at least 10 years (aka “forever” in Hollywood years) to share their #1 piece of financial advice for couples. Here’s what they said: [...]
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Tobi Lütke — The Oracle of Ottawa (#359)

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Tobi Lütke — The Oracle of Ottawa (#359)
“Feedback is a gift.” — Tobi Lütke Tobi Lütke (@tobi) is the founder and Chief Executive Officer of Shopify. In 2004, Tobi began building software to launch an online snowboard store c [...]
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Ken Block — The Story of DC Shoes, Rally Car Racing, and 500+ Million Views (#358)

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Ken Block — The Story of DC Shoes, Rally Car Racing, and 500+ Million Views (#358)
Credits: Hoonigan Racing Division “In life — from the simplest thing to the biggest thing — I want to be proud of what it is and stake my claim: ‘That’s mine and that’s how [...]
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Susan Cain — How to Overcome Fear and Embrace Creativity (#357)

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Susan Cain — How to Overcome Fear and Embrace Creativity (#357)
Photo by Pasi Salminen “So often, when you see someone who’s really good at almost anything, it’s because they actually started out exactly the opposite — and then they cared so mu [...]
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Peter Mallouk — Exploring the Worlds of Investing, Assets, and Quality of Life (#356)

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Peter Mallouk — Exploring the Worlds of Investing, Assets, and Quality of Life (#356)
“You spend the first 20 years of being rich accumulating all of this stuff. And then you’ll spend the next 20 years trying to get out of one thing after another to simplify your life.̶ [...]
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The 25 Most-Clicked Links from My Newsletter in 2018

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The 25 Most-Clicked Links from My Newsletter in 2018
Photo by Matteo Pezzi What do roughly 1.5 million subscribers to my newsletter care about most? Or put another way, if they voted with clicks, what most caught their attention in 2018? The 25 items b [...]
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3 powerful habits you need to jumpstart the new year

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3 powerful habits you need to jumpstart the new year
Imagine a dozen dominoes lined up in a row. Push the first domino and what happens? They all fall down. Now take that same dozen and double it. No, triple it. No, wait — add 15,000 dominoes, branch [...]
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19% of resolution-setters don’t even know if they reached their goal last year

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19% of resolution-setters don’t even know if they reached their goal last year
I don’t do New Year’s resolutions. When planning out goals, I focus on “themes” a lot more, since they let me look at the year ahead with a broad lens. Once I know what my theme is for the yea [...]
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Greg McKeown — How to Master Essentialism (#355)

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Greg McKeown — How to Master Essentialism (#355)
“If you don’t prioritize your life, someone else will.” — Greg McKeown Greg McKeown (@GregoryMcKeown) is the author of the New York Times bestseller, Essentialism: The Disciplined [...]
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The Best Of Round Table—New Year, New Goals

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The Best Of Round Table—New Year, New Goals
In today’s episode of The Art of Passive Income, Best of Round Table edition—With the new year just starting out and goals still on our minds, we decided to dig deep into the vaults and pull out p [...]
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Real 4-Hour Workweek Case Studies — How to Generate 8-Figure Revenue at Age 21 (Or Any Age) (#354)

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Real 4-Hour Workweek Case Studies — How to Generate 8-Figure Revenue at Age 21 (Or Any Age) (#354)
“I think the role of the entrepreneur in the world is to find ways to do things better or more efficiently and then try to do that as many times over with the help of other people.” — Sa [...]
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Patrick Collison — CEO of Stripe (#353)

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Patrick Collison — CEO of Stripe (#353)
Credit: O Hello Media, Eric Ananmalay “If people around you don’t think what you’re doing is a bit strange, maybe it’s not strange enough.” — Patrick Collison Patrick C [...]
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4 easy money fixes to do before New Year’s

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4 easy money fixes to do before New Year’s
Ah, the new year. A time for parties, champagne, and questionable decisions made because of the aforementioned parties and champagne. Before you say goodbye to 2018, there are four things you can do t [...]
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How to make better New Year’s resolutions

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How to make better New Year’s resolutions
Like most people, I used to set a New Year’s resolution on January 1st … only to completely abandon it by February. I’m not alone either. According to U.S. News, 80% of people who set New Year [...]
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Dr. Peter Attia vs. Tim Ferriss (#352)

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Dr. Peter Attia vs. Tim Ferriss (#352)
“Unhappiness is at the root of more pain, I would suspect, than any ailment that falls in the ‘physical’ body. And to think that we have compounds that could play such an important r [...]
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Real 4-Hour Workweek Case Studies — Allen Walton and SpyGuy, The Path to Seven Figures (#351)

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Real 4-Hour Workweek Case Studies — Allen Walton and SpyGuy, The Path to Seven Figures (#351)
“And then I wake up at 7:00 a.m., and I roll over and look at my phone. And I have a notification from Shopify saying that I made my first sale for $149. And I let out this huge, orgasmic noise of r [...]
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Dr. Andrew Weil — Optimal Health, Plant Medicine, and More (#350)

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Dr. Andrew Weil — Optimal Health, Plant Medicine, and More (#350)
“I’ve gotten away with saying the most outrageous things because I’m not angry. And people listen, and we can have actual dialog.” — Dr. Andrew Weil  Andrew Weil, M.D. (@DrWeil) is [...]
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LeBron James and His Top-Secret Trainer, Mike Mancias (#349)

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LeBron James and His Top-Secret Trainer, Mike Mancias (#349)
Photo by Eric Ray Davidson “I try to put myself in a mental state of, ‘How do I learn from that defeat? How do I learn from that loss?'” — LeBron James “Recovery never stops. [...]
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Dave Elitch — How to Get Out of Your Own Way (#348)

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Dave Elitch — How to Get Out of Your Own Way (#348)
Photo by Dan Gillan “Slow down. Do it again.” — Dave Elitch Dave Elitch (IG: @daveelitch) first garnered attention with his band Daughters of Mara’s debut album I am Destroyer in 2 [...]
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Stan Grof, Lessons from ~4,500 LSD Sessions and Beyond (#347)

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Stan Grof, Lessons from ~4,500 LSD Sessions and Beyond (#347)
Stan Grof (right) with the legendary Albert Hofmann (left), the first person to synthesize LSD. “I realized people were not having LSD experiences; they were having experiences of themselves. Bu [...]
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Avatar Director James Cameron’s Daily Routine for Endurance and Stamina (Plus: James’s Smoothie Recipe)

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Avatar Director James Cameron’s Daily Routine for Endurance and Stamina (Plus: James’s Smoothie Recipe)
Note from the editor: This post accompanies the recent episodes of The Tim Ferriss Show and the Tribe of Mentors podcasts featuring Suzy Amis Cameron and James Cameron. It explores James’s dail [...]
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James Cameron and Suzy Amis Cameron — How to Think Big, Start Small, and Change the World (#346)

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James Cameron and Suzy Amis Cameron — How to Think Big, Start Small, and Change the World (#346)
“Hope is not a strategy. Luck is not a factor. Fear is not an option.” — James Cameron James Cameron (@jimcameron) is a filmmaker and deep sea explorer. He is writer, director and produc [...]
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Doug McMillon — CEO of Walmart (#345)

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Doug McMillon — CEO of Walmart (#345)
Doug McMillon (IG: @dougmcmillon) is president and chief executive officer of Walmart, a company that, if it were a country, would be the 25th largest economy in the world. Walmart serves 265 million [...]
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A.J. Jacobs — 10 Strategies to Be Happier Through Gratitude (#344)

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A.J. Jacobs — 10 Strategies to Be Happier Through Gratitude (#344)
Photo by Lem Lattimer “Paradoxically but wonderfully, focusing on someone else’s happiness will actually make you happier.” — A.J. Jacobs A.J. Jacobs (@ajjacobs) takes over the sh [...]
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Seth Godin on How to Say “No,” Market Like a Professional, and Win at Life (#343)

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Seth Godin on How to Say “No,” Market Like a Professional, and Win at Life (#343)
Photo by Brian Bloom “Price is a story.” — Seth Godin Seth Godin (@thisissethsblog, seths.blog) is the author of 18 bestselling books that have been translated into more than 35 language [...]
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Sam Harris, Ph.D. — How to Master Your Mind (#342)

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Sam Harris, Ph.D. — How to Master Your Mind (#342)
Photo by Christopher Michel “The goal of meditation is to uncover a form of wellbeing that is inherent to the nature of our minds.” — Sam Harris Sam Harris (@SamHarrisOrg) received a deg [...]
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Nick Kokonas — How to Apply World-Class Creativity to Business, Art, and Life (#341)

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Nick Kokonas — How to Apply World-Class Creativity to Business, Art, and Life (#341)
“I just look at some things and go, “Why is that? Why does it work that way?” Oftentimes, the people most entrenched in a system have no idea why.” — Nick Kokonas Nick Kokonas (IG: @ [...]
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How to negotiate rent to save THOUSANDS per year

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How to negotiate rent to save THOUSANDS per year
I’m going to show you exactly how to negotiate your rent so you can put a couple thousand dollars — or more — in your pocket this year. Most people don’t think negotiating their rent can save [...]
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Paul Stamets — The Mushroom King on Medicine, Psychedelics, and Saving Humanity (#340)

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Paul Stamets — The Mushroom King on Medicine, Psychedelics, and Saving Humanity (#340)
“The war against nature is a war against your own biology.” — Paul Stamets Paul Stamets (@PaulStamets) is an intellectual and industry leader in the habitat, medicinal use, and production of fun [...]
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Website Redesign—One Year Later (Critical Lessons Learned)

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Website Redesign—One Year Later (Critical Lessons Learned)
I'm taking a look at the Smart Passive Income website redesign one year later to see what impact it has had on reader engagement and web traffic. [...]
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