LRS 019: How to Break Bad Habits

how to break bad habits - the let's reach success podcast

Welcome to the 19th episode of the Let’s Reach Success podcast. Hope you’re doing great because it’s time to kick some old behaviors. That’s what today’s show is all about – how to break bad habits.

I just published a book on the topic called How to Break Any Bad Habit and I’ll use some points I’ve made in it. I’ve been experimenting with and working on some bad habits lately, so I’ve been writing about it more too as a result. And I decided to combine all that knowledge and turn it into an actionable eBook with some practical advice.

So, let’s talk about habits.

Show Notes:

  • Why habits matter so much? [2:15]
  • Are habits more important than goals [3:43]
  • How habit forming and breaking work [6:27]
  • What’s the habit loop (+ its 3 elements) [7:09]
  • A mistake I made when trying to change my habits [8:00]
  • Why incremental change is the way to go [8:52]
  • What’s the 1 thing that gives the most results [9:53]
  • How to prevent failure when trying to break bad habits [11:24]

Mentioned:

Why Habits Matter

  1. Habits are the basis of your success.

They are what we repeatedly do. We already have many of them, and if we don’t realize that, then they’re mostly bad ones we do on autopilot.

If we lack success, that’s the reason.

  1. Taking control of your habits is the only way to take control of your life.

Self-control is a great skill to master but few have succeeded in that.

There is, however, a simpler way to take back control of your behavior, time, health, and everything else that you can control. That can happen by changing your habits.

  1. One good habit leads to other positive changes in your life.

There are some keystone habits that are so great and worth developing, that they go together with other smaller but still powerful habits which don’t require any effort.

  1. Every successful person you’ve ever heard of has learned how to break bad habits and build better ones.

It starts with the realization that you need to make permanent changes in your behavior. Then comes the self-analysis and seeing what’s wrong, doing your research and deciding where to start.

Once you choose your first habit and make a plan, there you go. You do your best to dedicate time to it daily, even if it’s 30 seconds. That applies to both building a new one and kicking a bad one.

Habits vs. Goals

When people fail to achieve a goal, the exact reason why that happened is rarely clear. So it is with New Year’s resolutions.

But if you tell me you failed with a new habit you were trying to build or with breaking a bad one, and give me the exact steps you took (plus your preparation or the lack of it, and the things you didn’t do but should have), I’ll tell you what exactly you did wrong.

From what I’ve seen in terms of changing a behavior and reaching goals in life, habits make sense, goals don’t.

Maybe we’re just not made for the whole goal-setting process. Everyone talks about it, some achieve it, but maybe even in their cases it’s all about developing the right habits (and learning how to break bad habits) and letting them do the rest.

Listen to the episode here:

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Thanks for listening.

Glad you joined me on the podcast today. If you want to hear a particular topic on it, leave a comment below and I’ll make sure I cover it in the future.
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And finally, please leave an honest review for The LRS Podcast on iTunes. You’ll help a lot with the rankings for the show and I’ll appreciate it.

So what about you? What can you share on how to break bad habits?

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How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money

How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money - Interview with R.J. Weiss from TheWaystoWealth.com

This is an interview-style post with R.J. Weiss from The Ways to Wealth.

Hey R.J. What’s your background and what do you do?

I blog about all things personal finance at The Ways to Wealth.

Before I went full-time into blogging, I spent ten years in the financial services industry. Specifically, helping families buy the right type of life insurance.

During my time with a full-time job, I’ve always had different side hustles going on. From freelance writing, Amazon FBA, conversion rate optimization, to website design — there were many projects I pursued outside of work.

How did you start your career in finance?

I got started in finance straight out of college working for my the family insurance business. As I love the financial planning side of things, I choose to specialize in life insurance planning. This led me down the path to obtaining the CFP® Certification.

What made you start blogging?

The Ways to Wealth, which I started in 2016, has been my 5th blog.

The others mostly fizzled out most due to a lack of interest. But, in 2009 I started a personal finance blog called GenYWealth.com (no longer around) that had some success.

The idea GenYwealth.com was to write about what I was learning about studying to take the CFP®. The blog was, by all means, a success. I was able to gain valuable knowledge, pass the CFP® exam, earn some extra money and build up a good community.

I then took this knowledge and started a business blog, which allowed the insurance agency I was working for to generate leads.

I started The Ways to Wealth because my passion is personal finance–from investing to travel hacking, I love the challenge of optimizing my finances.

How was The Ways to Wealth born?

I didn’t have much of a plan for starting The Ways to Wealth when I purchased the domain name.

I was actually thinking it would be a niche site, which was inspired by Pat Flynn’s niche site duel. Then, I came across the income reports of Michelle Schroeder-Gardner and wisely changed direction to a more traditional blog.

This change came about 6-months after starting to blog.  I did a timeline of the site in one of my income reports.

What worked best when trying to grow the site?

I had a decent knowledge of SEO. So at first, I started growing the site with email outreach. One of the first posts I had about best investing books of all time, had about 15 links to it.

This was nice to start with but was quite slow to build up, as it can take a while to earn Google’s trust.

The big turning point came when I started to understand Pinterest. I spent a few frustrating weeks on the platform, then it finally started paying dividends.

I went from about 100 sessions a day to 1,000, which was huge for me at the time.

How did you get to 3 million monthly viewers on Pinterest?

the ways to wealth pinterest 3 million monthly views

I lay out my Pinterest strategy here. But at the core the idea is to:

1) Write high-quality content that Pinners want to click through, read, and share.

2) Pin to my own and high-quality group boards, with a keyword-rich description.

3) Continue to Pin my best pins across my own boards/group boards, ruthlessly eliminating Pins that don’t perform well.

One thing to keep in mind is impressions don’t mean much on Pinterest. What counts are clicks to your website. So, you want to design not for impressions but clicks.

What aspects of the online business are you outsourcing or automating and how?

The first thing I outsourced was Pinterest design. I’ll design about 30-40 pins a month, so this was big time saver for me.

Of course, it took some work to get going. At first, I hired 5 or so people on Fiverr. I found one decent designer but the work quality deteriorated over time.

I then went to Upwork and posted a job for a  graphic designer. I found a great team down in Argentina, who I’m very happy with.

I’m currently experimenting with working with a ghostwriter. A few of my latest posts have been transcribed from my recording, with the ghostwriter making sense of it all.

I can compile about 3 posts in 90 minutes, then take another 90 or so minutes to prepare them. Saving me around 3-4 hours per post this way.

What’s your main income stream and why do you think it works for you?

My main source of income for the blog is affiliate revenue. It works because the partners I do have are high-quality businesses, who deliver value and solve real problems. This makes it easy to naturally link to such a partner.

When did you start making more than $10K/month and what was the turning point?

My first month over $10K was in January of 2018. In December of 2017, income was around $3,000 and in July of 2017 around $500. So, it was definitely a jump.

What happened then in January?

First, personal finance is at its peak interest in January.

Second, I had multiple Pins go viral.

Third, in November I started driving traffic via Facebook to the site. So, in January I could take campaigns I’d been fine-tuning for a few weeks and scale them.

How do you balance work and family life?

I have a routine I stick to Monday through Friday.

When inside of my designated working hours, I work. When outside of these hours, I’m not.

This is a lot easier said than done. But the thing important for me is not to take work everywhere I go. This means I don’t have any apps on my phone that are work-related (email, analytics, etc..)

What are you 3 best finance tips for newbies?

  • Focus on your savings rate. How much you save is the most important decision you’ll make.
  • Small incremental improvements add up over time. My favorite example is increasing your savings rate 1% every quarter, means you’ll be saving 20% of your income in just 5 years.
  • Study happiness. Become a student on how to increase your level of happiness. The natural result is you’ll want less overtime, making the game of personal finance a lot easier to win.

What books, blogs or podcasts help you stay motivated along the way of growing an online business?

I read a fair amount to keep fresh ideas in my head.

My favorite podcast is The Tim Ferriss Show.

Two blogs I enjoy reading are:

Farnam Street
Barking up the Wrong Tree

And as far as books. I try to read one a week. A few books I would recommend to online entrepreneurs would be:

Deep Work by Cal Newport
The Compound Effect by Darren Hardy
The Four Hour Work Week by Tim Ferriss

Pin this post if you enjoyed the interview.

Check out my interview with R.J. from TheWaystoWealth to see how he entered the finance niche, started making money blogging, began bringing traffic from Pinterest and monetizing it with affiliate marketing, and is now making $10,000/month from his online business. #blogger #interview #blogtraffic #incomeideas #income