Midas Podcast

101 - know your habits, know your money


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Habits play a way bigger role in our lives than we realise. The same goes with habits in our personal finance. On this episode of Midas podcast, find out how we - Kelly, Darrien and Kevin, define what a habit is and share some of our own money habits - the good, the bad and the ugly. But wait there's more! Having control over your habits can either make or break your personal finance journey. Make sure you stay until the end to hear some tips on creating discipline and consistency in building and keeping a good habit. 

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2:34 What Is a Habit?

3:57 The Habit Loop
5:44 Stimuli and Response

7:56 Our Unhelpful Habits

8:12 Darrien's eating out and coffee habits
13:22 Kevin's shopping habits
16:45 Kevin's strategy to control said habit
19:00 Kelly's habit of perpetually living paycheck to paycheck and his fear of checking the bank balance

20:38 Our Helpful Habits

20:43 Kelly's non-impulsive nature
21:40 Kevin's belief that every rupiah has a purpose
23:50 How Darrien assigns his money to his happiness

30:48 Tips On Building Discipline and Consistency

31:07 Visualising your goal
32:47 Don't. Give. Up.
34:46 Finding everyday purpose and finding joy in the day to day process


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Midas PodcastBy Midas Financials