Transform Self-doubt into Confidence and Smash Your Financial Goals
The first step to achieving any goal is convincing yourself it’s possible
Financial advice focuses too much on numbers and not enough on basic psychology.
Knowing the numbers behind financial goals like debt repayment, budgeting, and retirement planning might feel intimidating — but understanding these numbers is actually the easy part.
The hard part is taking a financial plan and executing it every day for years and even decades. Taking that kind of consistent action is more about psychology and has almost nothing to do with math.
If you want to achieve your financial goals, the very first thing you need to do is develop enough self-confidence to convince yourself that you can do it.
The Power of Self-Belief in Achieving Financial Goals
A 2019 paper titled “Using Our Understanding of Time to Increase Self-efficacy Towards Goal Achievement” highlights the power of “self-efficacy” — which is a fancier way to say self-belief — in helping us achieve goals.
The research highlights three ways self-belief drives our goal achievement:
- More confident decision-making: People with…
