Todd PolkeInvestment Strategist l Wealth Coach l Speaker, Todd Polke · Investment Strategist l Helping Investors and Business Owners grow their Wealth Faster

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7 Mar 2023 · 1 min

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In this short video, the speaker addresses the common challenge of maintaining new financial habits, focusing on the "money night" routine. He outlines three practical strategies to ensure consistency: (1) schedule the money night as a non‑negotiable appointment in your calendar, treating it as a firm commitment to yourself; (2) make the habit enjoyable by pairing it with a rewarding activity afterward, such as a wine, movie, or date night; and (3) continuously track your results and momentum, using visible progress to reinforce the behavior. The overall message is that by structuring the habit, adding fun incentives, and monitoring outcomes, you increase the likelihood of sticking with the financial practice over time.

Chapters

It's all well and good starting a habit and starting a money night and doing something important, but the biggest thing is, are you going to stick to it? And a lot of people start, but then they kind of fall off the bandwagon along the way. So I wanted to give you a couple of key quick tips. How do you stay consistent with a new financial habit? Now, number one, when it comes to a money night, you got to schedule it in and make it non-negotiable. When it's in your calendar, when it's in your diary, it's there and it's an appointment that you're making with yourself. The second big thing that you want to do is that you want to make it fun. After you've had your money night, set up something to reward yourself, whether that is have a bottle of wine with your partner, or have a movie night afterwards, or go on a date night afterwards, whatever that may be. Set up something to reward yourself along the way. And number 3 is always be tracking your results and your momentum. Momentum is such a powerful force, and when we can see that we're creating progress on a consistent basis, you're more likely going to stick with this brand new financial habit.