Merriam-Webster defines a habit as an acquired mode of behavior that has become nearly or completely involuntary. While our money habits will shape how we achieve Financial Independence, habits impact all aspects of our lives. If we want to live more fulfilled lives, we need to shape our habits to support this objective. Understanding how habits form, and how our individual habits in particular have formed, we can identify ways to modify our behaviors and attitudes that result in an outcome more aligned with our goals and desires. This lesson will prepare and encourage us to take action today.
Listen: THE MOST EFFECTIVE WAY TO CHANGE HABITS (AND IT ALL COMES DOWN TO HABITS) by Whitney Hansen of themoneynerds.com
Watch: The Power of Habit: Charles Duhigg at TEDxTeachersCollege by TEDx Talks on YouTube
Read: The Habits Guide: How to Build Good Habits and Break Bad Ones by James Clear of jamesclear.com (Note: Scroll down and begin at “What are Habits?”)
Watch: 10 Morning Habits Geniuses Use To Jump Start The Brain | Jim Kwik by mindvalley on YouTube
Read: Change Your Money Habits by Changing Your Money Story by Alicia Adamczyk of twocents.lifehacker.com
Read: 5 Bad Habits That Are Costing You Money and How to Break Them by Amy Livingston of moneycrashers.com
Read: 19 Simple Daily Habits for a Happier Life by Maria Stenvinkel of tinybuddha.com
Take Action: Based on some of the ideas presented in this lesson and your experience, select 3-5 habits that you want to initiate or change. Develop a plan you believe will result in the positive changes. Execute the plan and record your progress daily. Include challenges, setbacks, alterations to your plan, progress, and the effect it has on your goals. If inclined, share this information in the comment section below. We can all benefit from real life success stories.
Listen: Habit Stacking to Reach Your Goals by Nick Elkins of gooddadproject.com
Read: A Lifetime of Riches – Is it as Simple as a Few Habits? by Pete Adeney of mrmoneymustache.com
Read: How Habits Work by Charles Duhigg of charlesduhigg.com
Read: The Surprising Effect of Small Efforts over Time by Pete Adeney of mrmoneymustache.com
Quote: “Motivation is what gets you started. Habit is what keeps you going.” – Jim Rohn