Busn 204 Exam 1 - Don't Settle

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Last updated 2:02 AM on 10/14/26
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1
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instead of what do i want to do with my life, ask:

what does your ideal life look like? → fires up the imagination and helps surface priorities, not necessarily easy to answer though

2
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why does work have a outsized impact on your qualitiy of life

1/3 of your waking hours are the work (or education) you do to earn a living

3
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whats the other 1/3 recognized?

1/3 is sleep

4
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possible to live intentionally but not meaningfully

but you can’t have a meaningful life without being intensional

5
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think “work is the,,,”

rent we pay to live

6
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asked the question “what does your ideal life look like” to his Vistage CEO group, the author said what

he wants his work live to stay exactly as it was

7
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two lessons he learnt that day

1) imagining your ideal life is great way to discover what matters to you

2) living your ideal life is entirely possible. Its just not inevitable. (which means your dream life isn’t going to be built by accident)

8
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whats the authors purpose

contribute to an uptick of joy in others, from mentoring to running the Sherwood Forest Faire

9
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What steps do you take?

1) have something your passionate about, and understand your need for financial secuirity

2) low finc need and you know your passion = align work and passion now

3) otherwise build the skills, capital and network to align them later

4) don’t know your passion? figure it out

5) can’t align it? invest in it your free time

10
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take action in prioritizing

imagine a normal working tuesday and then picture your ideal weekend and vacation too

11
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role model vs mentor

role model: someone who purposefully accomplishes soemthing on behalf of others

mentor: offers advice, encouragement and perspective

12
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what does bill damon say

no one can be successful without a role model

13
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don’t be too polite in asking a potential mentor for their time → b/c of this fewer than

1 in 100 students actually take up the offer

14
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accountability

sharing goals makes you 65% more likely to reach them

95% with a group that meets regularly

15
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Chapter 2 starts - the story of William Marshall - the Greatest Knight

He was the fourth son or a minor noble, nothing to inherit but father’s blessings, he served 5 english kings

when king john died, the church/nobility asked him “the boy or the prince?” - when he answered the boy, the whole country fell in line

in battle against france, “God is with the marhsall” turned the tide

his word carried so much weight b/c he had met the standard prereqs of a good life

16
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what are the standard prereqs or the 4 conditions of happiness

Love, Health, Play, and Work

17
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What is the harvard study of adult development

happiness is driven most by the quantity and quality of relationships

18
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you don’t ____ purpose, you _______ it

find, create

the right job doesnt bring purpose, you bring purpose to your work

19
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Help helpers

find something important to you and then find a local org working in that area and then help them

20
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Help people (family) - by practicing

perspective taking

21
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Help yourself by taking

damon’s youth purpose questionaire

22
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what is learned helplessness

when cause and effect break down, a shocked dog stops trying and just lies there

23
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so to be happy, we need to believe in our ability to create effects -→

we need to have agency

24
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agency itself is value neutral

its the ability to make something happen

25
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agency has nothing to do with

if you like the outcome or not

26
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Work on being _____ not on being happy

intensional

27
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helping others and yourself is often enough to

create purpose

28
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Start chapter 3- every unchosen choice gives up what

some of your power

29
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to appoint yourself the creator of your life, you need what

EPO framework

30
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go through each part of EPO

expectation: choose to believe in a positive outcome

Persistence: keep going when things get tough

Ownership: take full control and responsibility, instead of blaming circumstances

31
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look for the silver lining but the rose colored ones

don’t pretend things are perfect when they are not

do look for good lessons within a difficult reality - find the silver lining

32
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as parents, what should you give your children

high standards and high support

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if the child is loved but not asked much of, ____ may be harder as an adult

goal setting

34
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ownership comes down to what 2 main ideas

locus of control: believing you have control over your actions

bias towards action: taking active steps rather than waiting

35
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Start of Chapter 4 - avoid coginitive distortions like

emotional researching, catastrophizing, overgeneralizing, binary thinking (life will either be a success of failure), labelling, blame (my depression is why i cant be intentional)

36
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according to chamine (positive intelligence), what is 20% of the equation

your sage (wise, constrcutive mind) and saboteuers (self defeating inner voices)

37
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the rest 80 is? so you should notice, name and …..

active daily practice

set them aside

38
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some common sabotuers - hold you back

judge, vicitim, controller, restless, avoider

39
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the Ikigai shows what happens when you have 3 circles but not the fourth - this creates

a disbalance in your feelings and fullfillment

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what are the 4 circles? what sits at the middle?

what you can be paid for, what the world needs, what you love, what you are good at

sitting at the middle is YOUR REASON

41
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passion requires preparation and awareness- you cannot get struck by lightning if you aren’t out in the world ….

paying attention

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what was his lightning strike moment

he had a STOP on calendar for his 40th birthday

when hanging out by a pool in houston, his friend brought up that the texas renassance festival was up for sale

even though the author attended every year and considered a special place, he had never thought of it as a business opportunity until that moment

he got inspired to co build and luanch the sherwood forest faire right when he turned 40

43
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what two things allowed him to leap at this dream

building a strong foundation and actively keeping an eye out for new possibilites

44
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what is passion - very hard to define, compared with

love

45
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4 things directed to having passion toward somethings

its own purpose, your purpose, more who than what, enduring (not just for now), not always obvious

46
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step one to find passion

exposure

47
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take action and ___ the past

mine

48
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Wrzesniewski found that almost any job can be viewed in one of the three ways

a job (end to pay bills), a career (stepping stone to build reputation and make a long term living), a calling (purposeful mission)

49
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the passion tree - here are some branches to explore

people, things (living), things (machines, infrastrucutre), systems

50
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knowledge is what

capital - if your passionate about something the world should know, you could probably get paid to teach it

51
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Start of ch 6- competence is which ikigai circle

its the what your good at circle and its the one you have the most control over

52
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work becomes fun when you (design your life)

lean into and use your natural strengths

53
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mckinsey and booz use a spefific job oriented skill sets that

directly dictate performance reviews and compensation raises

54
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synthesis is described as “______“

idea algebra - taking known data points to deduce a non obvious conclusion that others haven’t realized yet

55
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whats the ocean (big five) assessment

creates a professional character hseet for an individual

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what does ocean stand for

openness, conscientouness, extroversion, agreeable, neuroticism

57
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your income is tied to

economic supply and demand

58
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what drives wages

scarcity

59
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what you study matters more than ______

where

60
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the price of pay includes 4 things

stress, hours, people, hidden costs

61
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does high pay always come with high stress

no