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The Happiness Formula
As traders we are often on a quest for financial freedom and overall happiness - traders are oftentimes believers that a strong mind will best control our outcomes.
Maslow's Hierarchy of needs is a psychology idea dating back to 1943. One must work their way up the pyramid to achieve a state of real happiness (thriving rather than surviving).
Each deficit does not need to be 100% satisfied, but rather "more or less" satisfied, before moving into the next deficit. Our activities and habits become directed towards meeting the next set of needs once the previous set is met.
Although everybody is capable of moving up the hierarchy to become a self-actualized person, many fail due to a lack of progress on the first four needs. Maslow predicts that only 2% of people ever become "self-actualized".
Characteristics of Self Actualized People: (including Abraham Lincoln and Albert Einstein)
Behavior Leading to Self Actualization:
This information is taken from simplypsychology.org/maslow.html#needs7
Maslow's Hierarchy of needs is a psychology idea dating back to 1943. One must work their way up the pyramid to achieve a state of real happiness (thriving rather than surviving).
Each deficit does not need to be 100% satisfied, but rather "more or less" satisfied, before moving into the next deficit. Our activities and habits become directed towards meeting the next set of needs once the previous set is met.
Although everybody is capable of moving up the hierarchy to become a self-actualized person, many fail due to a lack of progress on the first four needs. Maslow predicts that only 2% of people ever become "self-actualized".
Characteristics of Self Actualized People: (including Abraham Lincoln and Albert Einstein)
- Perceive reality efficiently, and tolerate uncertainty
- Accept themselves and others for what they are
- Highly Creative
- Resistant to enculturation, but not purposely unconventional
- Establish deep satisfying interpersonal relationships with a few people
Behavior Leading to Self Actualization:
- Trying new things rather than sticking to safe paths
- Avoiding "game-playing" and being honest
- Taking responsibility and working hard
- Trying to identify your defenses/insecurities, and giving them up
This information is taken from simplypsychology.org/maslow.html#needs7
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