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Optimal Finance Daily - Financial Independence and Money Advice

1124: The Real Reason Why You Can't Break Your Bad Money Habits by Jen Hayes on Personal Finance Motivation

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.41.3K Ratings

🗓️ 7 April 2020

⏱️ 10 minutes

🧾️ Download transcript

Summary

Jen Hayes shares the real reason why you can't break your bad money habits. Episode 1124: The Real Reason Why You Can't Break Your Bad Money Habits by Jen Hayes on Personal Finance Motivation A few years ago, Jen and her husband were buried in $117,000 of student loan debt. Now, they've paid off over $100k of debt, and they're on track to have the rest paid off by the end of this year. Join their email list to get exclusive tips on how to save money, earn more, and live like no one else. The original post is located here: https://jenhayes.me/the-real-reason-why-you-cant-break-your-bad-money-habits/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is optimal finance daily episode 1124.

0:04.0

The real reason why you can't break your bad money habits by Jen Hayes of Jen Hayes dot

0:08.9

Emmy. And I'm Dan, I'm here every single day reading to you from some of the best personal finance

0:14.0

blogs on the web.

0:15.8

And if you like this crazy idea of reading blog content to you for free, it'd be great if you could

0:20.2

share this podcast with somebody today. You can email or text them a link to old

0:25.0

podcast.com, or even better if you're able to subscribe them to the podcast right on their smartphone.

0:30.6

It's a really big help to keep this show going and growing.

0:34.0

But I'll keep this intro nice and short for you today, so let's hear today's post as we start

0:38.4

optimizing your life.

0:40.8

The real reason why you can't break your bad money habits by Gen Hayes of Gen Hayes.

0:50.0

Dave Ramsey says that personal finance is 20% head knowledge and 80% behavior.

0:57.0

In other words, you can know everything you need to know in order to succeed financially,

1:01.0

but if you don't actually do these things, you won't achieve financial peace.

1:05.0

I see this all the time.

1:07.0

Someone knows exactly what they need to do to fix their financial mess,

1:10.0

but they don't actually do it.

1:12.0

Instead, they keep engaging in the same bad habits like overspending or ignoring their

1:16.3

budget. Why do people do this? Well most of us live on autopilot when we aren't

1:21.5

intentional with our finances we do what's familiar, we engage in the

1:25.6

same patterns and bad habits over and over again.

1:28.8

When we try to break these bad habits.

...

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