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Afford Anything | Make Smart Money Choices

How to Build Incredible Habits - with James Clear

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 15 October 2018

⏱️ 88 minutes

🧾️ Download transcript

Summary

#156: James Clear wanted to start flossing, but he never managed to follow through. Despite his best intentions, his dental floss sat unused in a bathroom drawer. Fortunately, James had learned a thing or two about human behavior and habit formation. As a self-improvement writer, he'd spent hours pouring over scientific data about behavior changes. He decided to apply a few of these concepts to his own quest. First, he placed the floss on the bathroom counter, rather than tucking it inside a drawer. He made the floss visible. Second, he realized he didn't enjoy the tactile sensation of wrapping floss around his fingers, so he replaced it with floss picks. He made the floss more enjoyable. Finally, he decided to floss immediately after brushing his teeth. He used a technique called "habit stacking," in which a new habit is more likely to stick if it's tied, or triggered, by an existing habit like toothbrushing. Thanks to these techniques, James built a flossing habit. He shares these tactics and more in today's podcast episode. James Clear is one of the most well-respected and widely-known thinkers and writers in the world of habit formation and behavior change. His website, jamesclear.com, gets more than one million visitors every month. In this week's episode, we deep-dive into how to create impressive habits and how to break the terrible habits that hold you back If you'd like to start new habits like exercising, saving more, investing, meditating, journaling, practicing yoga or flossing, but despite your best intentions you can't seem to make the habit stick, then this week's podcast episode is for you. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Here's the deal.

0:09.4

You can afford anything.

0:10.5

You just can't afford everything.

0:13.2

Every decision that you make is a trade-off against something else.

0:16.6

Saying yes to one thing means that you're saying no to something else and that doesn't

0:20.8

just apply to your money.

0:22.4

That applies to your time, your focus, your energy, your attention.

0:25.8

It applies to any limited resource that you need to manage.

0:28.8

And this naturally causes two questions to arise.

0:32.2

Number one, what matters most to you?

0:35.0

Not what the society say should matter, but what are your personal values and your personal

0:40.1

priorities?

0:41.1

That's the first question.

0:42.1

The second question is how do you live every day in a way that reflects that?

0:48.8

Because no matter what you want, maybe you're after financial independence or maybe you

0:53.8

want to travel the world.

0:55.4

Maybe you want to start a business, maybe all of the above.

0:58.6

Maybe you want to put four kids through college or pay off your house.

1:03.0

No matter what it is that you want, building rock solid habits and breaking really bad

1:11.2

ones, that is a key way of living up to your best self, of closing that gap between who

1:18.3

you are and who you could be.

1:20.8

That gap between what your life is like and what it could be like.

...

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