On today’s show, Doug talks about good financial habits. The habits of wealthy and successful people include:
• Automate savings
• Control impulse spending
• Track expenses
• Take advantage of tax-deferred growth and compound interest
• Maintain an emergency fund
• Eliminate and avoid debt
When you set up good habits, use the sequence of the three Ts: Target, Trigger, Treat.
Today’s guest takes the theme of good financial habits a little further. Dr. Ben Tiggelaar, author of Dream, Dare, Do, talks about effective self-management and how to improve the way you manage your finances. Do your emotions affect the way you behave? This interview has great tips on how to develop good financial habits and stick to them.