William James 1842-1910
My client Frank was having a very hard time with his money. To paraphrase Ernest Hemingway’s bankrupt character Mike in “The Sun Also Rises,” money problems tend to happen gradually, then suddenly.
Frank was, fortunately, still in the “gradually” stage, feeling anxious and a bit untethered. The frustrating thing was that he knew exactly what he needed to do… he just didn’t do it.
Well, to be more precise, he usually didn’t do it.
When he saw that his credit card balances were creeping up, and he’d lost track of what was happening with his investments, and he started worrying about bills that he hadn’t prepared for, then he would pay attention to his spending and check diligently on his investments… for maybe a week, maybe a month.
But when the anxiety subsided a bit as he adjusted his behavior, he would begin to feel less urgency, and eventually the old habits would reassert themselves, slowly re-creating the same problems that had been troubling him.
And the cycle would repeat itself.
We can know the right things to do. We can know how to do them. But until and unless these behaviors become automatic habits, we will never actually do them reliably over time. It just takes too much energy, focus, and willpower to consciously think of everything all the time.
As the great American psychologist William James said about a hundred years ago: Read More
Recent Comments