Harnessing the Power of Habits to Compound Success
First Class Founders: Creators | Solopreneurs | Personal HoldCo
Harnessing the Power of Habits for Accountability and Rewards
Exploring the importance of accountability in forming new habits and the need to reward oneself for performing necessary actions.
E16: Most of us know already that personal habits are important in our daily lives. But as a creator, how important are daily habits to master your skills? Having the right habits in place ensures that you're always moving towards accomplishing whatever you want to achieve. I'll reveal the most effective methods to form good habits and break bad ones. These are tried and true tactics that I have tested for myself.
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TOPICS:
Importance of Habits (1:32)
Everybody has habits. Habits are important because they become second nature. Habits compounded over a long period of time makes a huge difference.
Tom Brady, J.K. Rowling, Ed Sheeran (3:23)
Think about someone who has achieved success in any career. A professional athlete like Tom Brady, a bestselling author like J.K. Rowling, or a popular musical artist like Ed Sheeran. They didn't get there overnight. It took them decades to hone in on their craft through habits.
My Own Daily Habits (6:25)
Personally, I can make a good habit or break a bad one in about 30 days. So each month, I do my best to replace one bad habit with one good one, which will result in good habits stacking on top of each other over time. Each small consistent action from these habits will compound on top of each other leading to powerful long-term.
How to Break Bad Habits & Create Good Habits (13:09)
Here are four effective strategies for habit formation. The first is making the trigger for the habit easier to access. The second strategy is breaking down the activity into its smallest actions. The third strategy is increasing accountability. Finally, the last strategy is to reward yourself whenever you perform an action that you don't necessarily enjoy.
Compounding Life-Changing Habits (17:17)
When you compound the right habits consistently over time, you can make incredible progress on your life goals. Break down your goals and start implementing daily habits using these four strategies. Habits are very personal. What works for someone else may not work for you, and vice versa. Remember, habits are so powerful because they can automate behaviors that we want to implement. Master your habits and you'll compound results. Simple as that.
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First Class Founders is a show for indie hackers, bootstrapped founders, CEOs, solopreneurs, content creators, startup entrepreneurs, and SaaS startups covering topics like build in public, audience growth, product marketing, scaling up, side hustles, holding company, etc.
Past guests include Arvid Kahl, Tyler Denk, Noah Kagan, Clint Murphy, Jay Abraham, Andrew Gazdecki, Matt McGarry, Nick Huber, Khe Hy, and more.
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