Harness the power of good habits
Money Magazine Australia|June 2023
Whether it’s going for an early morning jog or saving money for a rainy day, it pays to make it part of your routine
Harness the power of good habits

The alarm goes off. 5am. It’s cold and I can hear it raining outside. My shoes are laid out, I know where my running gear is, but a decision still needs to be made. To get up, or not to get up, that is the question.

If I hadn’t made a morning habit, I’d probably ignore the call of the road. But I have, so without thinking much I hop up and start to put on my gear.

This is the power of habitual behaviours. They hack our brain and help us prioritise one behaviour over another. If I am in the habit of ignoring my alarm, then I will. If I am in the habit of getting up, then I will.

Habits are hard to break and even harder to form – that is what makes them so special. All our rational mind can do is create narratives justifying the behaviours that our habits dictate.

In many respects, the living of a good life can be linked to the ability to form new good habits and break old bad ones. It is this instinctive knowledge that has led to the popular myth that it only takes 21 days to form a habit. This is simply not true. It has taken me months of regular practice to get into the habit of morning exercise, and it seems that my experience is pretty normal.

This story is from the June 2023 edition of Money Magazine Australia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the June 2023 edition of Money Magazine Australia.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MONEY MAGAZINE AUSTRALIAView All
An outrageous, beautiful monopoly
Money Magazine Australia

An outrageous, beautiful monopoly

Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.

time-read
4 mins  |
July 2024
Drop the anchor to judge value
Money Magazine Australia

Drop the anchor to judge value

Buying and selling decisions should be based on where a stock price is going, not where it has been.

time-read
3 mins  |
July 2024
Powering the AI boom
Money Magazine Australia

Powering the AI boom

Beyond the software and chipmakers, where will the energy come from?

time-read
3 mins  |
July 2024
Get into life
Money Magazine Australia

Get into life

Tucked inside super are products that can protect you from life's inevitable uncertainties.

time-read
5 mins  |
July 2024
Paths to home ownership
Money Magazine Australia

Paths to home ownership

Taking the road less travelled can sometimes deliver unexpected benefits.

time-read
5 mins  |
July 2024
Sold! Quick ways to add value
Money Magazine Australia

Sold! Quick ways to add value

Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.

time-read
5 mins  |
July 2024
Money lessons the kids need to know
Money Magazine Australia

Money lessons the kids need to know

Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.

time-read
4 mins  |
July 2024
Property-investing rules: are they likely to change?
Money Magazine Australia

Property-investing rules: are they likely to change?

The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.

time-read
3 mins  |
July 2024
What's love got to do with it?
Money Magazine Australia

What's love got to do with it?

A rollercoaster of emotions could be driving poor crypto behaviour.

time-read
3 mins  |
July 2024
Are we ready to be cash-free?
Money Magazine Australia

Are we ready to be cash-free?

Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.

time-read
2 mins  |
July 2024