In this episode, hosts Jessilyn and Brian Persson discuss how small, consistent habits can shape your wealth in surprising ways. They emphasize the importance of starting small habits and gradually increasing them over time. They share personal experiences of building habits, such as working out and journaling. These new habits feel initially challenging, but with discipline, they become easier and more natural.
They also highlight the power of financial discipline, such as automating savings and investing first. Grant Cardone's strategy of investing every penny is shared as an extreme example of how discipline can pay off over time. Jessilyn and Brian also stress the impact of compounding effects, citing RSPs as an example where small, consistent contributions can grow substantially over time.
Jessilyn and Brian have three key takeaways for listeners: start small, build discipline, and stack habits for compounding results. Following these three strategies can make all the difference in your finances, health goals, and any area of life where you want to make a change.
Resources discussed in this episode:
--
Contact Jessilyn and Brian Persson | Discover Life By Design:
--
Transcript
Jessilyn Persson: [00:00:10] Welcome to Life by Design Podcast with your hosts Jessilyn and Brian Persson. We support couples in achieving their wealth goals by sharing our journey of overcoming barriers to build our financial empire.
Brian Persson: [00:00:20] Recognizing the growing need for couples to find alignment and invest confidently in real estate, we created the Riches, Relationships and Real Estate program. Our goal is to support you in achieving your financial and relationship goals together. Want to know more about what's stopping you from building your wealth? Make sure to go to discoverlifebydesign.ca/wealth, and download 'The 3 Mistakes that Keep High Achieving Couples from Building their Wealth, Freedom & Living a Life they Love'.
Jessilyn Persson: [00:00:51] Today's topic is on how small, consistent habits can shape your wealth. Small, consistent habits shape your wealth by leveraging the power of incremental growth, discipline and compounding over time. Our first takeaway is, keep it small and simple. That is the key.
Brian Persson: [00:01:13] Keep it small and simple. Absolutely. I cannot count the number of times I have overwhelmed myself with trying to change too many things at once.
Jessilyn Persson: [00:01:22] Yes. Or taking a big lofty thing and trying to make it happen tomorrow.
Brian Persson: [00:01:28] Habits don't change overnight. They're exactly like going to the gym, you got to go and do the reps. You got to build that muscle day after day.
Jessilyn Persson: [00:01:37] Great example for me, this isn't necessarily with wealth, but I work out every day. I have for as long as I can remember. And it's natural, it's a habit, it's normal to me. But then when I decided to start journaling and figuring out how to meditate, I struggled with that for
