FM 011: Automatic Wealth – How To Master Your Habits with James Clear

What is the easiest, most certain way to achieve anything? Daily habits. Any goal you want in life (including financial freedom) is reachable through a few key habits and a little bit of time. It's really quite simple. Habits compound your daily actions into automatic wealth just like regular savings compounds daily deposits into wealth. It is the identical principle applied to two different resources in your life – money and time. Does it take effort? Yes – we're not about get-rich-quick here. You have to work at it and the results are produced over time. But it is a simple, certain path to achieve your financial goals with the greatest confidence possible. If you don't believe you can build automatic wealth then think again because your financial goals are just a few daily habits from being achieved. The end result is not a question of “if”, but “when”. The key is your daily habits, and episode #11 of the Financial Mentor podcast with James Clear will show you how. In this episode you will discover: * How to find balance so you can expand your capabilities in a new area without sacrificing other areas of your life. * How to automate your skill development. * How to convert personal growth into financial success. * The critical role of carving out space and time for nurturing a habit during its infancy. * How conscious understanding, implementation, and ultimate success connect to maximize results with the least effort. * The hidden way environments shape your habits – without you even knowing. * The easy strategy to form any new habit. * The two ways to design your life so that you are literally pulled toward desirable habits and repelled from negative habits. * Why you should never rely on motivation for behavior change. * Surprise! How the color of your plate can determine how much you eat. * How to use visual cues to “automate” your habits. * The critical connection between habit “frequency” and eventual success. * What you're really saying when you claim you “don't know where to begin”. * Why commitment must precede goal achievement, and how to make it work for you. * How to use identity based goals to strategically bridge your way to performance based goals. * The 3 R's of habit formation. * What Alcoholics Anonymous knows about interrupting bad habits that you would be wise to learn also. * Why you should always start new habits with action first (except in this one important situation!) * Why focusing on process habits is more effective than outcome oriented goals. * What “keystone habits” are and how they help you get more done with less effort. * and much more…. Resources and Links Mentioned in this Session Include: * James' website to get his free ebook about habits is at http://jamesclear.com * James' other website about passive income and personal finance is at https://jamesclear.com/passive-panda * The Financial Mentor podcast episode #6 with Scott Young about habits is here. * My

Om Podcasten

Todd Tresidder from the FinancialMentor.com blog reveals unconventional wealth building advice and advanced investment strategy tips. Discover the next step in retirement planning and personal finance from a former professional hedge fund manager turned financial coach and author. If you are tired of the same old “buy, hold, and pray” and worn out frugality tips then this show is for you. Each episode teaches financial freedom for smart people by revealing what works, what doesn’t, and why. Todd has walked the path to wealth himself and coached hundreds of clients just like you to prove out every principle taught – no ivory tower theories or worn out platitudes. He’s organized the entire wealth building process into a cohesive, step-by-step system complete with specific action steps so you can produce measurable results. This isn’t just another “get-rich-quick” or “get out of debt” show. This is about carefully engineering your finances to take charge of your life so you can live the adventure you always imagined life could be.