What is the next step, the practical application? —I will answer that the absolutely vital thing is to consolidate your understanding, to become capable of enjoyment, of living in the present, and of the discipline which this involves. Without this you have nothing to give.
To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. You must supply the emotional discipline.
No doubt it is an evil to be bound by laws, but it is necessary at the immature stage to be guided by rules; in other words, as the Master used to say that the sapling must be hedged round, and so on.
A mind that is disciplined, controlled, is free within its own pattern; but that is not freedom. The end of discipline is conformity; its path leads to the known, and the known is never the free.
It has been said that the great scientific disciplines are examples of giants standing on the shoulders of other giants. It has also been said that the software industry is an example of midgets standing on the toes of other midgets.
Life is tons of discipline. Your first discipline is your vocabulary; then your grammar and your punctuation Then, in your exuberance and bounding energy you say you're going to add to that. Then you add rhyme and meter. And your delight is in that power.
It is quite an old-fashioned fallacy to suppose that our objection to scepticism is that it removes the discipline from life. Our objection to scepticism is that it removes the motive power. Materialism is not a thing which destroys mere restraint. Materialism itself is the great restraint.