The Attitude

“Weakness of attitude becomes weakness of character.”

— Albert Einstein

So what is it? Are “They, the Elite”– the global cabal, those grimy SOBs on top– real or not? You can write to me with your opinion here.

We received some response emails to yesterday’s missive. Some were more abrasive– “Word salad. They all belong in prison, period.” Some were altogether dismissive– “Of course there is an Elite class…and also, it doesn’t matter.”

Others more contemplative, like reader Don B:

The Buffets and Gates of the world have forgotten where they came from and how they gained their current place on this planet. They may eschew capitalism and slough off the costs of Green Deal Plans and socialism’s effect on the masses.

They are the Elites and as such have developed ‘The Attitude’.

They have forgotten their past or are blinded by pride to the extent that they are no longer concerned with the masses, the poor guy with 5 kids, to whom 450 bucks is a big damn deal. It means nothing to them.

Overall, the nihilism is palpable in every reader’s responses. And for good reason.

When we’re thinking about these huge ideas, like a global elite class in charge of the entire world and its economic mechanisms… It just gets weird. It is hard not to get lost in the moral relativism and all that and so on.

The only way to escape from this pontificating, according to our Session guest this week Ryan Daniel Moran, is to engage with this kind of radical rejection of elitism, and instead take on the air– or attitude– of an individually-motivated, free-thinking entrepreneur.

After all, Don B concludes: “After someone is full of pride, the next level is full of s**t!”

Here’s Mr Moran on defeating this outmoded way of thinking. Cheers – Addison.

P.S. Free thinking? Or Millennial idealism? I need feedback on Mr Moran’s perspectives so that I can write to them better. You can watch the full Session by clicking here. And write to me by clicking here.


Click here to learn more

(Source: Mitch Hodge)

Stop Limiting Possibilities for Achievement: 5 Ways to Adopt a Growth Mindset

By Ryan Daniel Moran

It’s easy to get wrapped up in failure.

When things don’t go as planned, there’s a tendency to dwell on what went wrong. Instead, we could be using the opportunity to learn and grow.

When you’ve got a “fixed mindset”, you’re much more likely to have trouble dealing with failure.

So, if you’ve struggled to succeed, it may be your mindset that’s getting in the way. Find out how a growth mindset can help you develop the skills that you need to get ahead.

What is a Growth Mindset?

A growth mindset is a concept developed by Carol Dweck, a professor of psychology at Stanford University. She came up with this concept back in the 1970’s, while studying the way that children cope with loss or failure.

What she found was that some children actually enjoyed the learning opportunities that failure can bring. At the same time, other children had tremendous difficulty dealing with these setbacks.

Professor Dweck then came up with two terms to categorize these opposing responses. Those that had trouble with failure had a “fixed” mindset. Those that relish the opportunity that it brings have a “growth” mindset.

With the latter, you’re more likely to enjoy challenges and develop new skills. You see failure as a way to learn something new, instead of being another obstacle from which you can’t recover.

Basically, those with a growth mindset believe that you can develop new skills and abilities. The fixed mindset applies to people that believe you’re inherently born with a set potential. They believe we’ve got a fixed set of skills and abilities.

A fixed attitude gets in your way. You’ll have trouble overcoming challenges or moving forward after failure. You might believe that you’re either good at something or you’re not.

There’s no room for growth.

So, how do you get away from the fixed beliefs and encourage yourself to grow?

Here are 5 simple tips that can help you adopt a growth mindset.

#1 – Learn to Recognize Your Way of Thinking

The first step is identifying your current frame of mind. You need to recognize your way of thinking and determine whether it’s more fixed or growth-focused.

When you’re presented with a challenge, do you tend to fear failure? When you receive criticism, do you come up with excuses or try to pass the blame? If you answered yes to either of these two questions, then you’ve probably got a fixed outlook.

Learning to recognize this outlook is a necessary step in changing your attitude. You need to be able to listen to your inner voice and recognize your way of thinking.

#2 – Use Positivity to Combat Your Fixed Beliefs

Once you recognize your way of thinking, you can fight your inner voice with positivity. Every time you face failure, a setback, or criticism, you need to respond to the voice that tells you to pass the blame or give up.

Combat your fixed mindset by talking back to yourself. When your fixed way of thinking causes you to doubt your abilities, talk back with a positive response.

Tell yourself that you will get the chance to test your abilities. Tell yourself that if you don’t try, you’ll never know if you’re actually capable of succeeding.

#3 – Force Yourself to Tackle Difficult Challenges

The next step is to force yourself to take on more difficult challenges. Test yourself by pushing yourself.

When you’ve got the opportunity to take on a challenge, you should go for it. If the idea scares you, then think about the skills and resources that you’ll need to use to complete the challenge.

The more you take on the more you’ll be able to test your outlook and challenge your initial beliefs.

#4 – Realize That You Always Have a Choice

It’s also important to realize that you always have a choice. You can choose whether you deal with a difficult task with a fixed or growth mindset.

But, it will take repetition for you to learn to ignore the fixed beliefs. Though, instead of pushing these thoughts away, you need to address them and remember to use positivity to challenge them.

#5 – Practice Mindfulness Meditation

If you’re not able to combat your inner voice, mindfulness meditation may be able to help. This is a practice that can help you learn how to address your negative thoughts without simply pushing them away.

It’s incredibly difficult to ignore your own thoughts. Trying to push them away almost always results in a fixed outlook.

Mindfulness meditation will help with this. It helps you learn how to recognize thoughts and allow them to float through your head without dwelling on them.

You can start practicing mindfulness meditation in almost any setting. You just need a quiet place that is free of distractions.

When you’ve found a quiet spot, close your eyes and focus on your breathing. Inhale through your nose and exhale through your mouth.

As you breathe, you’ll notice random thoughts enter your mind. The idea is to learn how to let these thoughts pass without giving them any special attention. Instead of dwelling on them or ignoring them, you’ll acknowledge them and return your focus to your breathing.

Continue to do this for at least 5 minutes. You could meditate for any amount of time. But, you don’t want to push yourself too far. Five minutes is a short enough period that you won’t overdo it and long enough for you to start practicing this technique.

As you practice mindfulness meditation, you should find it easier to address the fixed thinking and replace it with a growth-focused outlook.

Adopting a growth mindset could be just what you’ve been looking for. When you struggle to achieve your goals, the biggest obstacle is often your own inner voice. 

You need to stop being afraid of criticism and failure. You need to realize that you are often your own biggest problem. By choosing to adopt a growth mindset, you can get out of your own way and let yourself grow.

Addison Wiggin

Addison Wiggin

Addison Wiggin is founder and executive publisher of Agora Financial LLC, an independent economic forecasting and financial research firm. He and Bill Bonner began writing the firm’s flagship Daily Reckoning in the midst of the tech boom and bust. It was one of the first widely distributed email newsletters on the Internet. The publication’s critical eye on finance and economics continues today. He’s also creator and editorial director of Agora Financial’s daily missive The 5 Min. Forecast.

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