Habit Change- It's about the "Bit'' in "Habit"
Approximately 54% of people who resolved to change their ways failed to make the transformation last beyond six months, and the average person made the same life resolution ten times over without success. Journal of Clinical Psychology Consider this: if you have had the habit of saving only $1 daily from the age of seven and increasing the amount by a mere 50 cents yearly, by the time you reached the working age of twenty-three, a total of $30,000 would have been saved! To have in hand an equivalent of six to twelve months of salary before your first job would have placed you on a financial headstart compared to most, if not all of your peers. Many may have started some kind of savings when they were young. However, because changing and sustaining habits are difficult for most people, having such headstart i...