Building habits is hard. When relying on motivation and willpower, lapses can create frustration and make it hard to establish a habit. By looking at the book Tiny Habits by BJ Fogg, we can use behavioral design principles to create better money habits.
- Takeaway #1 [07:24] – Design better habits by understanding the anatomy of a tiny habit.
- Takeaway #2 [15:41] – Understand the BMAP model and how we can use it to “lower the bar” in habit creation.
- Takeaway #3 [25:59] – Use the After I ____, I will ____ statement to add tiny habits onto already established routines.
Next week we’ll talk about the book “Seven and a Half Lessons About the Brain” by Lisa Feldman Barrett and how we can reroute our brain towards better financial decisions.
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