What does it take to win with your money and achieve your financial goals? During this episode, we make a case that the most important factor is grit. It’s not earning six figures, or knowing the exact right investment moves to make. Though both of those are important, they’re not nearly as vital as grit. As Angela Duckworth writes, “Grit is perseverance for very long-term goals”. We begin to succeed when we truly commit to the goals that we’re pursuing. Luckily the amount of grit we possess isn’t static and there are ways for us to cultivate more grit in our lives that will allow us to get ahead with our finances. Passion, practice, and other people are just a few of the really important ways that we can develop more grit and start winning with our money.
Additional links from this episode:
- Be sure and check out Angela Duckworth’s book Grit: The Power of Passion and Perseverance which we reference a LOT in this episode.
- Joel also mentioned getting deals on magazine subscriptions at DiscountMags.com
- We also reference Basic Economics, George Bonanno, and Man’s Search for Meaning.
During this episode we enjoyed a Pales in Comparison by Edmund’s Oast! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you’re not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!
Best friends out!
I’m sorry but I don’t buy grit being any kind of key. I started as an intern and ended up running a billion dollar corporation. I have no grit, zero, nada, zilch. The key to success is talent, intelligence and emotional skills. Hard work is worthless by comparison. All my competition outworked me, then they worked for me. The key is finding out how to make work fun. Then it is never hard. If you are working hard, you are losing the game. Sorry, but that’s how it works. When you are a multimillionaire and then some, like me, contact me, then I’ll listen to your grit story.