Self-discipline is essentially your consistent ability to control your actions, feeling, and emotions. When it comes to your finances, it's your ability to stick to your plans of paying down debt saving and investing. When you have a handle on self-discipline, you stay motivated and are more likely to achieve success. It is very strongly connected to willpower which is the control of one's impulses and actions.
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A common misconception is to think of self-discipline as self-control.
Willpower is the ability to resist or delay short-term desires to achieve long-term goals. Other names for willpower are self-discipline, self-control, self-regulation, determination, drive. Willpower consists of three things:
We all possess the ability to develop self-control.Β
Instead of immediately responding to impulses, we can plan and evaluate our actions beforehand.
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