Learn more about timemanagement with this collection
The impact of opportunity cost on personal and professional life
Evaluating the benefits and drawbacks of different choices
Understanding the concept of opportunity cost
Long term change is better served by building better habits, than by forcing your willpower.
You will choose the apple over the cake for a number of times ... and then give up. Building a habit to start the day by going to the gym will work better.
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Just like going to the gym and building up strength, the more you train your willpower by accomplishing tasks on a consistent basis, the more you’ll have of it.
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...to familiar environmental cues.
They form when you engage in a behavior repeatedly in the presence of consistent stimuli.
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...of days to form a new habit.
Instead, habits come about gradually over time and in a non-linear fashion.
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While consistency is key, missing one or a handful of opportunities to practice the desired habit will not ruin your chances at establishing that habit in the long run.
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...means changing the cue that triggers it.
Instead of focusing on developing the habit of “working out,” develop the habit of putting yourself in the position to work out regularly: get home, get into workout clothes, prepare you water, go to the gym.
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... for discovering which habits to change:
Consistent investing is essential. Investing as a habit will pay off in the long run.
It is most important to start with earning more, then saving more, then investing. People want to skip the first two steps and day-trade themselves to wealth, but most will only lose mone...
Habits are formed by doing something constantly and regularly. The more it is repeated, the more it gains strength.
Trigger, Action and Reward: The process of habit formation is through a neurological loop which starts with a cue, or a trigger(like the time of the day) fol...
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