How to Stick to Your Budget by Never Using this One Word | Summary and Q&A

TL;DR

Stop saying "can't" because it limits your mindset and actions, while saying "don't" empowers you to make conscious decisions.

Key Insights

• 😒 The words we use have a significant impact on our mindset and actions.
• 💯 Saying "can't" implies external restrictions, while saying "don't" empowers us to make decisions based on our core beliefs and values.
• 💋 Choosing to say "don't" instead of "can't" can help us resist temptations and stick to our goals, whether it's related to health, budgeting, or other aspects of life.
• 👻 Applying this concept to budgeting allows us to view our budget as a conscious decision-making tool rather than a restriction.
• 🍉 By reframing our language, we can strengthen our financial discipline and achieve long-term financial success.
• 🧑 It's important to identify the type of person we want to be financially and make decisions that align with that vision.

Transcript

what's up guys it's Nick true and today I want to talk to you about one simple word that if you use you're never going to stick your budget I've completely stopped using this word a few months back and it's made a major impact and my spending and my finances so that's what we're gonna talk about whatever you do do not use this one simple word all r... Read More

Questions & Answers

Q: How do our words impact our actions and mindset?

Research shows that using different words, such as "can't" or "don't," can influence our ability to resist temptations and make conscious decisions. Words shape our mindset and beliefs, ultimately affecting our actions.

Q: What was the result of the study on using "can't" and "don't"?

The study found that when participants used "can't" to resist temptations, they were more likely to give in. On the other hand, those who used "don't" were more successful in resisting and making healthier choices.

Q: How can this concept be applied to budgeting?

By changing our language from "I can't buy this because of my budget" to "I don't buy this because it's not in my budget," we shift our mindset to make conscious decisions about our spending. It helps us stick to our long-term financial goals.

Q: What type of person should we strive to be in terms of our finances?

We should aim to be the type of person who makes conscious financial decisions and prioritizes long-term goals over short-term desires. By saying "no" to unnecessary expenses, we align our actions with our financial goals.

Summary & Key Takeaways

• The words we use have a strong connection to our mindset and actions.

• Research shows that using "can't" makes people more likely to give in to temptations, while using "don't" helps them resist.

• Applying this concept to budgeting can help you make conscious decisions and stick to your financial goals.