The Tim Ferriss Show

#355: Greg McKeown — How to Master Essentialism

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Jan 9, 2019
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ANECDOTE

Storm Troopers

  • People often overvalue items they own, making it harder to discard them.
  • McKeown calls these items "storm troopers," things we pursue out of obligation, not genuine desire.
ADVICE

Overcoming Endowment

  • To overcome the endowment effect, ask yourself how much you would pay for something if you didn't own it.
  • This helps evaluate opportunities and possessions more objectively.
ANECDOTE

Tim's Priorities

  • Tim Ferriss struggles with prioritizing between researching emotional trauma and a physical injury.
  • McKeown helps him identify his fear of "fucking it up" as a barrier to writing his next book.
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