Managing Expectations | InvestED Podcast | Episode 402 | Summary and Q&A

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January 17, 2023
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Rule #1 Investing
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Managing Expectations | InvestED Podcast | Episode 402

TL;DR

Explore the concept of personal tendencies and their impact on goal-setting in order to achieve success in 2023.

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Key Insights

  • 😫 Personal tendencies play a significant role in how individuals respond to expectations and set goals.
  • ❓ Identifying one's tendency can provide valuable insights on how to approach resolutions effectively.
  • 😫 It's important to consider both inner and outer expectations when setting oneself up for success.
  • 🪡 Understanding personal tendencies can help tailor investing practices to individual needs and motivations.
  • 🥅 Gretchen Rubin's books, "Better Than Before" and "The Four Tendencies," offer in-depth guidance on goal-setting and personal tendencies.
  • 🥺 Personal tendencies can vary within relationships, and understanding them can lead to better harmony and support.
  • ❓ Promising oneself can be a powerful motivator for some, while others may require different approaches to stay committed.

Transcript

hey everybody this is Phil town and this is Danielle Town welcome to the invested podcast we're back here at the beginning of the year and excited to talk about resolutions like getting yourself set up for making the best of 2023 for yourself it's funny to hear you say that you're excited to talk about resolutions because you are not excited last t... Read More

Questions & Answers

Q: What are the Four Tendencies according to Gretchen Rubin?

The Four Tendencies are Upholders, Questioners, Obligers, and Rebels. Upholders respond well to both inner and outer expectations, while Questioners trust their own decisions and resist outer expectations. Obligers meet outer expectations but struggle with inner expectations, and Rebels resist all expectations.

Q: How can understanding one's personal tendency help with achieving goals?

Understanding your tendency can help you tailor your approach to goal-setting. For example, as an Obliger, setting up outer expectations can be beneficial. Rebels can focus on aligning their goals with their desired identity.

Q: Can a person have a combination of multiple tendencies?

It's possible to exhibit traits from multiple tendencies. For example, someone may display characteristics of both a Rebel and an Obliger. Gretchen Rubin recognizes this and provides insights for individuals with overlapping tendencies.

Q: How can personal tendencies impact investing practice?

Personal tendencies can affect how individuals approach investing. Some may find motivation in outer expectations, such as enlisting the help of a financial advisor. Others may require a more independent approach that aligns with their inner expectations.

Summary & Key Takeaways

  • The hosts discuss their excitement about resolutions and the importance of setting oneself up for success in the new year.

  • They mention Gretchen Rubin and her books "Better Than Before" and "The Four Tendencies" which provide valuable insights on goal-setting and personal tendencies.

  • The Four Tendencies categorize individuals based on how they respond to inner and outer expectations, offering guidance on how to approach resolutions effectively.

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