Episode 14: Why Are Finances Like Fitness?
It's not a riddle, there really are a lot of similarities between the diet industry and the finance industry. Lots of restriction often leads to binge spending. Large, long-term changes don't happen overnight. Resources available play a large role, and drastic changes are harder to sustain long-term. Not everyone has the same goals – take a look at what your life looks like right now, then look at your 2, 5, or 10 year plan and work backwards. Those lofty goals seem a lot more attainable when broken down that way.
Key Takeaways
Restriction-based approaches to money, like restriction-based diets, often lead to binge spending.
Large financial changes rarely happen overnight and work better broken into smaller steps.
Working backward from a 2, 5, or 10 year goal makes it feel more attainable.
Available resources shape which changes are realistic to sustain.
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Music credit: Neon Fairies by Wolves
Note: This episode is from our previous podcast, Confident Money.
