The YNAB Podcast

A Clarification on Goal Failures

Jan 8, 2024

06:51

Snipd AI

The podcast discusses the importance of viewing failed goals as learning opportunities and highlights the role of goals in guiding plans and measuring efforts. It also explores the positive outcomes and importance of setting goals, debunking the failure rates of New Year's resolutions.

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Episode notes

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Quick takeaways

Setting goals can guide your financial plans and provide direction for your efforts.

Failing to achieve a goal should not discourage you or make you think that all habits or New Year's resolutions don't work.

Deep dives

The Importance of Living on Less Than You Earn

The key to accumulating wealth and living a rich and happy life is to live on less than you earn. By doing so, you ensure that the wealth stays with you and accumulates over time. While spending less than you earn is an essential habit, there is more to achieving a rich and happy life. It involves a mindset shift and adopting additional habits beyond the basic rules. To develop wealth habits and succeed financially, it is crucial to understand the significance of living within your means.

Introduction

2min

Clarification and Learning from Goal Failures

2min

The Positive Outcomes of Setting Goals and the Importance of the Pursuit

2min

Anytime the word resolution comes up, there are naysayers claiming that they don't work. That goals don't work. Unfortunately a lot of people buy into that when they set a goal and fail to achieve it. Their failure leads them to believe that settings goals is a useless endeavour. Jesse offers some encouragement this year, for the goals you seek to achieve and those you fall short on.

Tell Jesse about your goals for 2024! Send him an email at:

askjesse@ynab.com

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