Charles Duhigg is a guy who knows a lot about habits. His book on the topic was on the New York Times bestseller list forever, his second book is also a bestseller, and now he has a new podcast called “How To” that talks about the habits needed to perform specific tasks. Want to be funnier? Lose weight? Get a promotion? He covers it. Today we cover HIM and the topic of habits on today’s episode!
Also today we ask the question, “How much skill is involved when a day trader wins?” Apparently, according to a recent piece, the statistics ain’t good (as mom says). We’ll cover that in our headlines segment, plus what Amazon plans to do with the huge stores left behind by Sears and JCPenny. Of course, they have plans…
We’ll also throw out the Haven Life line to Brock, who writes in with a dilemma on student loans. He’s running low on funds to pay for college, but he has about $3,500 invested in the stock market. Should Brock take out subsidized loans, or cash in some of his investments? We’ll share our answer with you AND him, AND save time for some of Doug’s delicious trivia. Enjoy!
Today’s Headlines:
Have dreams of striking is big as a day trader? Bad news…
- When Day Traders Do Well, It’s Probably Just Luck (Wall Street Journal)
Walking into an Amazon store and shopping? Revolutionary!
Charles Duhigg
Find more from Charles at his site: CharlesDuhigg.com
Want to listen to Charles’s podcast? Click here: How To! with Charles Duhigg
Looking for The Power of Habit? By ordering through our link you’ll not only get your book, but help out the show too! Click below:
Doug’s Trivia
- What year did Ukraine gain its independence?
- Brock writes in with a dilemma on student loans. He’s running low on funds to pay for college, but he has about $3,500 invested in the stock market. Should Brock take out subsidized loans, or cash in some of his investments?
Want the guys to answer your question? You can call into the Haven Life Line and get your question answered on-air HERE.
Join Us Wednesday!
How does entrepreneurship, following your passion, AND making money all align? Join us Wednesday to hear from the founder of the FOXBLOOD fashion line, designer Lindsay Heart, on making your dreams come true.
Written by: Richie Rutter-Reese
In this podcast episode OG referred to Robinhood brokerage being more expensive than a traditional brokerage account. Could you elaborate on that topic?
I read The Power of Habit a few years ago and it is a fantastic book, I’m glad he made it to the basement! I really like the way Duhigg gives a story tellers perspective on how different aspects of habits plaid a part in different people. If you think your daily actions are being driven exclusively by executive functions, you’d be wrong! Habits are stored in a different part of the brain, which he illustrated in the beginning of the book. Habit forming behaviors take a while to form, and they are hard to get rid of. Great read!