8 Micro Money Habits for Guaranteed Success

You've probably noticed that the small things you do (or don't do) every day add up. In many cases, your micro habits make the difference between success and failure in different areas of your life, such as health, relationships, career, and finances. 

Today's episode will review eight micro money habits to help you take control of your finances, feel secure, and know that you can reach any realistic financial goal you want. 

Keep reading for the details on how to use these eight habits to create massive financial success:

Money Habit #1: Review your financial priorities frequently

It doesn't matter if you're a college graduate who's just starting a career, a parent who wants to pay for college, or a pre-retiree dreaming of traveling the world, you need to identify your unique financial priorities. Your money goals don't have to be complicated, but they do require an action plan for breaking them down into manageable smaller targets.

For example, if you want to save $60,000 for a house downpayment over the next five years, you'll need to put aside $12,000 a year or $1,000 a month. If you want to retire in 30 years with $1 million, you'll need to invest approximately $800 a month. 

Knowing what you're working and saving for helps you stay focused on the long-term -- and tolerate short-term sacrifices you need to make. One trick to achieving your goals is remembering them. If you don't frequently review your financial priorities goals, it's easy to forget them. 

One trick to achieving goals is remembering them. If you don't frequently review your financial priorities goals, it's easy to forget them.

A wise micro habit is setting a daily or weekly calendar reminder to review your goals. Getting clear about what you want to accomplish with your money is the first step to success.

A simple tool I created to help you monitor your goals and financial progress is the Personal Financial Statement (PFS). It tracks your net worth, which is a crucial indicator of your financial health. You can download my PFS workbook and get started today.

And if you're not sure what your financial priorities should be, I have lots of ideas! The first box to check is an emergency fund that keeps you safe, no matter what. 

If you aren't building a cash reserve, ask yourself why. Maybe you need to cut frivolous spending, stop making...

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