Making Money cover image

Making Money

The science behind changing your habits

Jan 15, 2024
Dr Grace Lordan, Associate Professor in Behavioural Science at the London School of Economics, discusses the importance of consistency, thinking big, and setting realistic goals. They explore the concept of system one and system two thinking, effective time management, and the value of embracing diversity for personal growth. They also highlight the significance of goal-setting, reflection, and launching a financial bootcamp to help listeners achieve their goals.
01:09:45

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Consistent effort and showing up for oneself will eventually yield positive results in achieving personal goals.
  • Being honest about biases and surrounding oneself with a conducive environment can impact productivity and creativity.

Deep dives

Setting Big Goals for Personal Growth

The podcast episode discusses the importance of setting big goals for personal growth and making meaningful changes in life. The speaker emphasizes that although change doesn't happen overnight, consistent effort and showing up for oneself will eventually yield positive results. The episode highlights the significance of envisioning a future without constraints and identifying the tasks one enjoys doing on a daily basis. By aligning those tasks with potential career choices, individuals can take small steps towards their desired goals. The episode also explores the importance of financial security and finding a balance between pursuing passion and considering monetary goals. It emphasizes the value of investing in oneself and building unique skills. The speaker encourages breaking down big goals into smaller, manageable tasks and overcoming the planning fallacy by allocating more time than originally estimated. Additionally, the episode addresses the challenges presented by time sinkers, the impact of biases on decision-making, and the benefits of seeking diverse perspectives and feedback. Overall, the episode provides insights on overcoming obstacles, setting realistic expectations, and taking consistent action to achieve personal growth and success.

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