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6 Good Habits You Need to Develop For Mind-Blowing Success
Good Habits For Finance and Wealth
- Create a Household Budget: the best habit to help you save money. A household budget helps to encourage frugality and discourage impulse spending. You’ll feel more motivated to engage in other good financial habits once you’ve got this in place.
- Financial Audits. This involves frequent checks as to whether you’re spending your money as wisely as possible.
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How To Choose Good Habits
- Envision your ideal end result. What are you going to achieve?
- Write it down. It will serve as a powerful motivation, especially if you include why you want it.
- Create a detailed vision you're compelled to chase.
- Research people who have reached your goals.
Good Habits For Health and Fitness
- Regular Aerobic Exercise: Great for both your physical and mental health. Increases the production of dopamine and boosts creativity.
- Preparing Your Own Meals. It’ll take some getting used to, but it’s a habit that’ll boost your health, wealth and productivity.
Good Habits For Finance and Wealth
- Create a Household Budget: the best habit to help you save money. A household budget helps to encourage frugality and discourage impulse spending. You’ll feel more motivated to engage in other good financial habits once you’ve got this in place.
- Financial Audits. This involves frequent checks as to whether you’re spending your money as wisely as possible.
Good Habits For Productivity
- Waking Up Early: Your productivity levels will be boosted by the lack of distractions at this time. It gives you a headstart on the day, creating a sense of added control in your life.
- Meditation: You’ll train your mind to remain focused and not to wander into daydreams. Meditation has also been known to help improve sleep quality and decrease stress.
How Habits Are Formed
- Cue — The scenario that triggers the desire to engage in the habit. It’s usually a time of day, a set of surroundings, a specific emotion or a set of ritualized behaviors
- Routine — The action itself
- Reward — The reason you feel good having engaged in the habit. This is usually the satisfaction of a specific craving.
How to Avoid Bad Habits
More often than not, you can quit bad habits by adding a little “friction”.
With this information, you can replace any bad habit with a healthier one that offers the same reward.
How to Stick to Good Habits
The development of most good habits involves cutting and replacing bad ones.
- Losing weight involves cutting out snacking
- Productivity involves cutting procrastination and focusing on Deep Work
- Financial prosperity involves cutting your impulse spending
Set Yourself Up For Small Wins
Set achievable goals and build them.
Small wins make you feel good about setting targets, highlight your progression and prove that success is possible. Without these stepping stones, it’s easy to get disheartened and give up.
Remember Your Long-Term Goal
Long-term goals are your most powerful motivators. If your ‘why’ is strong enough, you’ll find your ‘how’.
Create a vision board. Make affirmations. Put it on your phone’s lock screen. Whatever it takes.
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B. J. Fogg
Starting good habits and sticking to them
- Harness the dopamine effect: identify the desired outcome. Mentally walking yourself through the process of success and the joys and benefits it brings can teach your brain to be motivated by something other than dread.
- Start with baby-steps: identify the “tiny habits” behaviors — we should start with small actions that we can celebrate.
- Use triggers: these new habits follow other routines that are already ingrained into your daily life(triggers), so every time you complete this already existing behavior, there will be a trigger, or an automatic reminder, in your brain to do the new one.
- Let it snowball.
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Default choices
90% of your daily decisions happen automatically, many shaped by your environment. Thus, most decisions are a habit, not a deliberate choice.
To make smarter choices, design smarter...
Designing your life
Design your life like a choice architect:
- Encourage smarter decisions you want to do by making them more accessible.
- Add friction to habits you want to quit, making them less accessible, or remove the option to perform them completely.
Richard Thaler
“First, never underestimate the power of inertia. Second, that power can be harnessed.”
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Habits Are Not Blind Routines
Conventional wisdom states that strong habits improve our productivity. Daily habits done in an autopilot mode are not the only route to peak performance.
While our habits help us stick to g...
Revisit What You Do Daily
Some of our daily to-dos should not require a constant daily effort and could be optimized further. Look for such habits and if the daily effort is straining you, look for other innovative solutions.
Time and Energy are limited resources, and as we grow, our habits may become obsolete. We could use the same time and energy to explore new and better options.
It is a good idea to pay attention to where we spend our time and see if there is something we do daily but have outgrown long ago.
Consistency and Boredom
Being consistent can also lead to burnout and lack of growth, and to be creative and innovative, we sometimes need a break from our daily activity. When we stop and do something new, we start to be part of a creative process, instead of simply repeating the same thing every day.
The key is to not rely on a rigid consistency but to be resilient enough to withstand any breaks. Our resilient habits are usually the old ones and have some psychological rewards while involving some external accountability.
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