Yearly Archives: 2022

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The One Parenting Decision that Really Matters

Five takeaways:

  1. This piece opens by citing a recent study that says that in the first year of a baby’s life, parents face 1,750 difficult decisions– and then applies data to the question: what is the most important decision a parent can make?
  2. There have been many debates over the factors that correlate most strongly with the success and stability of a child relating to almost every aspect of socioeconomic condition, family structure, domestic situation, and more.
  3. Citing data from economist Raj Chetty, this piece argues that the single most important factor in predicting a child’s success is where they grow up.
  4. Using anonymized IRS and Census Data, they found that three of the biggest predictors that a neighborhood will increase a child’s success are the percent of households in which there are two parents, the percent of residents who are college graduates, and the percent of residents who return their census forms.
  5. Basically, it is best to raise your kids in neighborhoods with many role models: adults who are smart, accomplished, engaged in their community, and committed to stable family lives.

From Seth Stevens-Davidowitz at The Atlantic:
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Note: At the time of this posting The Atlantic offers five free article views per month.

This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.

10 Things to Remember About Memorial Day

Five takeaways:

  1. It began as a grassroots holiday– many towns had small yearly celebrations of the sacrifices of the nation’s veterans before the holiday was made official in 1868.
  2. The holiday was first celebrated after the Civil War, when it was called Decoration Day
  3. On Memorial Day in 1922, the Lincoln Memorial was dedicated– by Supreme Court Chief Justice and former president William Howard Taft
  4. In 1971, the Uniform Monday Holiday Act shifted Memorial Day from May 30 to the last Monday in May.
  5. In 2000, Congress established a National Moment of Remembrance, which asks Americans to pause for one minute at 3 p.m. in an act of national unity.

From David Holzel at Mental Floss:
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This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.

A Gentler, Better Way to Change Minds

Five takeaways:

  1. It can seem impossible to change another person’s beliefs. Brooks cites one scholar who notes that one’s personal attachment to beliefs encourages “competitive personal contests rather than collaborative searches for the truth” when it comes to ideological disagreements.
  2. Extensive survey-based research has shown that the two most widely shared convictions are: Harming others without cause is bad, and fairness is good. Beyond that, humans are excellent at finding things to disagree on.
  3. Research shows that if you insult someone in a disagreement, the odds are that they will harden their position against yours. This is called the boomerang effect.
  4. If we want any chance at persuasion, we must offer our opinions happily. Rather than as a weapon, as a gift– something we believe to be good for the recipient. This requires that we present it with love, not insults and hatred.
  5. Brooks offers three tips for greater conversational persuasion:
    • Do not “other” your conversation partner by scornfully dismissing their held beliefs.
    • Do not react negatively to rejection, because such rejection is their right.
    • Listen to your conversation partner more– stronger listening can lead to deeper understanding of their convictions, which they are likely to reciprocate.

From Arthur C. Brooks at The Atlantic:
Read the whole story.

Note: At the time of this posting The Atlantic offers five free article views per month.

This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.

How to Succeed at Failure

Three takeaways:

  1. This article provides practical advice on turning a major disappointment or failure into a life-defining opportunity for personal growth.
  2. A first step is realizing that “ruminating over a failure keeps it front and center and can lead to catastrophizing” – making it much more drastic in your mind than it is in reality. This can lead you to depression and anxiety, and then more failure.
  3. Brooks offers three handy tips for contextualizing failure in a productive way, based on conversations with Xiaodong D. Lin, a professor of cognitive studies at Columbia University’s Teachers College who has spent decades studying human failure.
    • Think About Other’s Past Failures (As Well as Your Own)– One must take the time to remember that even the most successful people have failed and slipped up countless times. At the same time, analytically breaking down your own failures can lead to a sense of control and understanding that alleviates frustration.
    • Stop Angling for Success– Chasing success above all else is a mistake. Remember that perfection is unattainable, and you will learn gradually to see the progress in each setback- and that the sting of failure is temporary.
    • Keep Your Ideals Front and Center– Nobel Prize winners do not set out to win the Nobel Prize. They set out to solve specific problems. To make new discoveries. A failure committed in the pursuit of a goal or purpose will more easily translate to productive learning.
    • People who pursue a greater sense of well being find meaning, learning, and purpose in their failures– using them to grow stronger and more effective.

From Arthur C. Brooks at The Atlantic:
Read the whole story.

Note: At the time of this posting The Atlantic offers five free article views per month.

This site may contain links to articles or other information that may be contained on a third-party website. Advisory Services Network, LLC and MAP Strategic Wealth Advisors are not responsible for and do not control, adopt, or endorse any content contained on any third party website. The information and material contained in linked articles is of a general nature and is intended for educational purposes only. Links to articles do not constitute a recommendation or a solicitation or offer of the purchase or sale of securities.
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