- Joe Casey, founder of the Retirement Wisdom blog and podcast, talks about tiny habits and coaching.
- He worked in HR for 26 years for the same company.
- He took early retirement to pursue a new career as an executive coach.
- Retirement Wisdom has 6 retirement coaches who help people with the non-financial side of retirement.
- Most of his clients have achieved financial security.
- 43% of our daily actions are attributable to habits.
- Scientists believe that we are hard-wired to take shortcuts while conserving energy.
- Joe is a certified as a tiny habit coach with an organization called Tiny Habits . It was founded by B J Fogg who also founded of Stanford University’s Behavior Design lab.
- His method is BMAP: Behavior, Motivation, Ability and Prompt.
- Underneath that is Tiny Habits. Behaviors you want to do and not should do. Look for motivation and opportunities to make the behavior easy to do. It follows a 3 step process.
- The anchor – find something you always do and identify the very last thing in that process. Use that as the anchor.
- Define the new habit you want to create.
- Celebrate success. Positive emotion drives habit formation.
- Tiny habits are versatile. It can be used to achieve any aspiration you have.
- Joe gives an example of how to go about improving time management.
- Coaches help clients become introspective. They create time and space for that.
- Small improvements add up.
- Sometimes a crisis or a change such as moving can supply motivation to change which is how Katie from Along the Camel Ride changed her spending habits.
- Willpower provides the energy to take steps.
- Tiny habits looks for the “sweet spot” where motivation is high and the behavior is easy to do.
- Focus mapping is a way to look at what prompts trigger behaviors.
- One way to break bad spending habits is to avoid or change prompts such as receiving sales newsletters or carrying credit cards.
- Instead of saying I’m not going to buy clothes for a year, instead say I’m not going to buy clothes for a week.
- Automating savings essentially is automating a habit. The decision to automate facilitates making other positive decisions.
- B J Fogg has a free 5 day program to build tiny habits which is a good place to start.
- Retirement Wisdom offers a free consultation to everyone.
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