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Episode 3771:
Chris Reining explains how small habits helped him overcome social anxiety, and why the same approach works with money. He describes hyperbolic discounting, our tendency to take a smaller reward today over a bigger one later, and shows how automating your money, starting with automatic contributions to a 401(k) or Roth IRA, sidesteps it entirely. Saving and investing on autopilot is the tiny habit that builds wealth and opens the door to financial independence.
Read along with the original article(s) here: https://chrisreining.com/tiny-habit/
Quotes to ponder:
"It turns out changing yourself was going to be really, really hard."
"You might find implementing one tiny habit gets you pretty far."
"All these things are possible, and it starts with one tiny habit today."
Optimal Finance Daily is a daily personal finance podcast where we narrate the best articles on financial independence, investing, saving money, and money management, read to you by a professional narrator so you can grow your wealth a little more every day.
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