The cue can be your phone buzzing with notifications. Your routine is to reach out to the phone and check it. The reward is the temporary dopamine spike that you get after seeing four new likes on your Instagram post. The belief is that the distracting habit makes you happy, and so you can never change this habit. Habits have power over you because of your belief in them. If you change your belief, you can change your habits!
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β’ We know that a habit cannot be eradicated. Instead, it must be replaced. Most habits are most malleable when the golden rule is applied:
β’ To change a habit, you must keep the old cue, and deliver the old reward...
β’ To understand your own habits, you need to identify the components of your habit loops. Once youβve diagnosed the habit loop of a particular behaviour, you can look for ways to supplant old vices with new routines.
There are four steps to doing this:
1. Identify the rout...
Many people fall into bad money habits and don't realize it until their habits become hard to manage.
If you want to change your habit, start by breaking it down. Understand your cue, reward, and routine, then use it to break the cycle of your habit.
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