Prioritization in the Modern Age

1. People prioritize others' needs over their own.

1.1. Problems

1.1.1. Loss of willpower

1.1.1.1. Willpower is like a muscle

1.1.1.2. using it for others' needs means we can't use it for our work

1.1.2. Interruption by unplanned tasks

1.1.3. Feeling put off

1.1.3.1. Inverted U Theory

1.1.3.2. Don't feel like working on something which is put off for long

1.1.4. Pursuing irrelevant metrics

1.1.4.1. Ticking items off to-do list

1.1.4.2. Don't really progress

1.1.4.3. Sisyphean exercise

2. Due to these reasons, applying the 80/20 rule helps us make sophisticated decisions

3. We all have 24 hours - Musk, Buffett, you and me. Why can they do 10X more than others every day?

4. Abundance of choice in what to do.

4.1. Health, wealth and family

4.2. Scales of pay-off (human mindset due to evolution)

4.2.1. Short Term

4.2.2. Medium term

4.2.3. Long term

4.3. Urgency versus importance

4.3.1. What appears urgent is rarely important

4.4. Levels of certainty

4.4.1. Certainty may not provide desired results

4.4.2. Will insert an imaginary scenario

4.5. Time Value of money

4.5.1. Michael's article on Compound Effect