Using Economic Growth To Boost Self Growth

What is economic growth?

According to Investopedia, "Economic growth is an increase in the production of economic goods and services in one period of time compared with a previous period."

In simple terms, economic growth is producing more (and therefore gaining more), compared to before. It's when you're growing your company or your profit or your production of services or goods, just like someone would grow taller. This, is economic growth.

There are three factors that contribue to economic growth, the work factor (the people working), the capital factor (your capital, meaning what you possess in this economic world, so for example it can be your net worth but also your companies and your machines inside of these companies, etc), and finally, the global productivity of production factors, or "total productivity factors" (eg, GDP).

The study of economy has evolved since the past century and there have been multiple economists that have built theories about economic growth. For example, one common theory is that economic growth needs to be "kickstarted" with technical progress (for example, the invention of the internet kickstarted a ton of economic growth).

By building this technical progress and by using it as an economic tool, we end up causing even more growth, and by having more growth, we can re-invest into technical progress and innovate once more, causing even more growth, etc. This cycle is a virtuous cycle, because it pushes economy forward (and inflation too, but that is another story).

So, by using these theories about growth and general wisdom, we can try to use economic principles to improve our lives. So let's begin, no?

How to use economic principles in our lives

To induce technical progress and economic growth, we need to invest into productivity, and there are many ways to invest in productivity. For a boss, it could be to invest into even more human capital (hiring people), or to buy ergonomic chairs and powerful computers to boost their well-being and their rapidity of work (investing in technological capital, for example).

One other thing that entrepreneurs do to boost economic growth, and that the government also does, is to invest into health and education. By investing into health and education, it enables future workers to be more qualified, and also to be healthier, making them more prone to be productive (because we're 100% more productive when we're healthy than when we're not healthy, even tho it's not a "magic pill" to productivity, since you've got to be disciplined and consistent).

So, let's invest in our education too! Let's read books, such as How To Win Friends And Influence People by Dale Carnegie or even Meditations by Marcus Aurelius in order to boost our wisdom and comprehension of the world and events. Let's go out there and experience cold approaching girls and cold approaching businesses to sell them your services, go and send cold-emails, cold-DM's and cold-calls, let's go and try visiting some parts of the world, and if we can't because we don't have the money yet, let's at-least try to understand the world, and how it works!

Let's also invest in our health, by buying and eating healthy foods, that are good for our health and that boosts our essential hormones, such as the growth hormone or Testosterone. So, eat a good diet full of healthy fats and protein, and some carbs too. Eat 100% natural, eat almonds, salmon, tuna, eggs, red meat, butter, olive-oil, coconut oil, blue cheese, onions, beans, fruits, honey, brazil and macadamia nuts (very expensive), etc.

By investing in our health, we boost our mental and physical health, and we often end up being more productive in the first place. Investing into supplements can be of help too if you have a big budget, but it's not necessary. I personally don't even take supplements anymore and I've been the healthiest I've ever been, I think.

The best is to focus on health first, and then education. Focusing on a good diet, regular exercise, great sleep, nice hydration, and all of these components of general health, not excluding working on your mental health by meditating, journaling, and un-conditioning yourself from bad habits, is key to educating yourself correctly.

By unlocking the key to a great health, by being in great shape both mentally and physically, you end up more productive and more prone to educating yourself, and this just makes everything better than if you started with educating yourself.

Education is of course super useful, and reading books is great, but as I've said before understanding the world, exploring the world, learning life lessons, meeting people, and even listening to podcasts, could be also great. It's always good to put yourself through action and then learning, because if you only focus on learning, it can prove to be quite useless.

Remember when I spoke about the virtuous cycle of economic growth? Our goal is to copy it in real time. Our goal is to do that, but in real life. So, invest in technical progress (changing your mentality, improving your health, investing in education, buying healthy foods and a gym membership), and this will fuel economic growth if you only take action.

Taking action is crucial. No amount of investment can save you from being a bitch. Real talk.

Also, one thing that is crucial to becoming a better self, becoming more productive and therefore inducing more personal growth and wisdom, is to rest. Yes, hard work is great, yes, most of us don't take action enough, but when you work your ass off everyday, make sure to rest well.

Sleep well, eat a good diet, take relaxing showers, meditate, find god for some people, go and walk in nature, meet friends. It's all about balancing work with rest, even tho this balance might be 80% work and 20% rest, it's still balance. Just make sure those 20% compensate for 80%, or else your work ethic might not be sustainable long-term (and that might not be a problem if you focus on short-term problems anyway, but it's still great to look at what you can do on the long-term, as to get the best results on the long-term).

Also, one habit that is great is to take deep breaths throughought the day. Yes, taking deep breaths throughought the day is very relaxing, and will help you navigate challenges and life's problems more easily. I didn't say easily, I said MORE easily. By breathing deeply it enables you to regulate anxiety at a certain level and therefore take wiser, non-emotional decisions.

Conclusion

We can all learn from economy by investing in ourselves. Therefore, start investing, start resting, start hard working, take action, but have balance too. It's difficult, but it's worth it. Do it. Nobody is going to do it for you.

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