
Australian Finance Podcast
3 money habits to set yourself up for success ft. habit expert Dr Gina Cleo
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- Understanding the habit loop and leveraging it can aid in changing and forming new habits.
- Connecting habits to personal values and finding emotional motivation can support habit change and formation.
Deep dives
Understanding the Power of Habits
In this episode, Dr. Gina Cleo discusses the importance of habits and how they can help us achieve our financial goals. She explains the difference between habits and behaviors, emphasizing that habits are subconscious and automatic, triggered by internal or external cues. Dr. Cleo highlights the habit loop, which consists of a trigger, routine, and reward, and explains how understanding this loop can help us change unwanted habits. She emphasizes the value of starting small and being consistent in building new habits, and advises against relying solely on willpower. Dr. Cleo also provides practical strategies for creating new habits and breaking old ones, such as increasing awareness, automating actions, and creating barriers to unwanted behaviors.