Do you ever grapple with the differences between your present self and your ideal self?
Your ideal self might eat healthy meals 80 percent of the time, save 50 percent of their income with ease, set boundaries without apology, or exercise and meditate four out of seven days a week.
Yet, your present self might struggle to ward off temptation when it comes to food and spending. Your present self may struggle to set boundaries, period. And your present self much prefers sleeping in and watching Netflix over going to the gym.
You desperately want to bridge the gap between your present self and your ideal self, but no matter what you do, construction stops halfway.
If that resonates with you, today’s guest, Katy Milkman, is here to share the science of getting from where you are now to where you want to be.
Katy is the host of the Choiceology podcast where she explores the lessons of behavioral economics, and she’s also the James G. Dinan Professor at The Wharton School of the University of Pennsylvania. Her new book, How to Change, is a “science-based blueprint for achieving your goals, once and for all.”
In this discussion, Katy reveals why your strategy is key to making lasting change, and how we can pick the right one for our circumstances.
You’ll enjoy this episode if…
- You want to create lasting change in your financial life by using just a handful of tactics
- You struggle with getting enough motivation to make any financial changes
- You sometimes forget that you’re supposed to adult and manage your money
- You procrastinate until the nth hour, at which point you’re too stressed to even look at your reminders or calendar and you bury yourself in a tub of ice cream
Resources Mentioned:
- Katymilkman.com | Katy’s Site
- How to Change, by Katy Milkman | Book
- Stickk.com | Accountability Tool
- Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving | JSTOR, Research Paper
- A large-scale field experiment shows giving advice improves academic outcomes for the advisor | PubMed.gov, Research Paper
- Pension Protection Act of 2006 | Investopedia Article
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