Lesson #121-It’s not what you start to do, it’s what you stop doing that matters
A few weeks back I was reading “Eventual Millionaire” by Jamie Tardy and read upon a quote that made me pause and ponder for a few moments. The quote was from author and management consultant Peter Drucker.
“Don’t tell me what you’re doing. Tell me what you stopped doing.”
The quote blew me away and make me think about changing how I work with people when creating new financial habits.
Normally I focus primarily in four main areas
Doing those four things allows us to stop overspending, committing future income before we earn it, and stop living with no financial margins in our life.
However maybe instead of focusing on new stuff to do, we should focus more on removing negative financial habits like overspending, having no control of our money each month, living with debt, and a continual increase in lifestyle without an increase in saving and investing.
Because it is hard to develop good habits when we still have negative ones. It is hard to save money when you are still in debt and don’t know where you spend your money each month.
I think a lot of times this is why we struggle with changing our financial behavior, because we focus so much on what we should be doing instead of focusing on what we need to stop doing.
The goal of today’s lesson is to help you reflect on what are some things you need to stop doing to improve your finances
Other resources mention in today's show
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“Don’t tell me what you’re doing. Tell me what you stopped doing. ” ~Peter Drucker
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