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Elevate with Tyler Chesser - The Real Estate Podcast for Investing, Mindset and Personal Development
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E283 Samuel Salzer - Unlock The Key to Your Investing and Personal Success By Understanding the Science of Behavior and Harnessing the Power of Habits and Thoughtless Transformation
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While we set life goals and business objectives to achieve success, it is our behaviors and ultimately the habits that we form that help us to get there. The consistent, repeated behavior that becomes habits are the small, steady steps that will take us to success. Habits shape who we are - our attitudes, actions, decision-making, and other aspects of our lives. So, it is crucial to build good habits if we want to make a positive transformation in our lives.
We are joined in this episode by behavioral science expert Samuel Salzer to help us understand the science of behavior and the power of building positive habits in helping us achieve success in whatever goal we’ve set. Because forming positive habits isn’t always easy, Samuel gives us critical information on the science of building good habits, how they are formed, the strategies we can apply, and how we can set ourselves up for success by starting small. Let’s begin our journey of transformation from “thoughtful to thoughtless” and ultimately, to success!
Key Points from This Episode:
- Samuel’s backstory and upbringing
- What’s the catalyst that led to Samuel’s interest in behavioral economics while at the university in Australia?
- Samuel’s insights on the science behind behaviors and habits.
- Where should people start if they are looking to make transformations and changes in their lives?
- Samuel explains the process of building a habit.
- Proactive and reactive strategies to build the push in beginning a task and becoming productive.
- Samuel discusses the “thoughtful to thoughtless” journey and how this can be powerfully and effectively utilized.
- Why it is valuable to take inventory of your current habits if you want to change or build new ones.
- Cornerstone habits that can give investors one of their highest ROIs.
- Samuel answers the Rare-Air Questionnaire.
Tweetables:
“Intentions are not the same as actions.” - Samuel Salzer
“Try to make the world better one good habit at a time.” - Samuel Salzer
“The basic formula for behavioral science is the person plus situation equals behavior.” - Samuel Salzer
“Habit is the behavior done automatically.” - Samuel Salzer
“Everyone is different and every situation is different. So you have to approach things from a contextual lens.” - Samuel Salzer
“The most successful thing to do is to start small, and then build momentum and then build on that momentum.” - Samuel Salzer
“It's a journey from thoughtful to thoughtless.” - Samuel Salzer
“Repetitions form habits if they're done in the same time, same place, same context.” - Samuel Salzer
“We have a lot to change in our lives. We're not going to climb that mountain in one day. And so start small and start simply and allow yourself to build momentum.” - Tyler Chesser
Links Mentioned:
Start at the End: How to Build Products That Create Change by Matt Wallaert
Good Habits, Bad Habits by Wendy Wood
Mistakes Were Made (But Not by Me) by Elliot Aronson Carol Tavris
About Samuel Salzer
Samuel Salzer is an experienced applied behavioral scientist and advisor helping value-driven organizations around the world to use behavioral science and behavioral economics to build great digital products and services. Specializing in behavioral strategy, habit formation, large-scale interventions, and building reward loops, Samuel helps organizations apply insights from Behavioral Science and Behavioral Economics to fuel habit formation and digital behavior change.
Samuel founded the largest Behavioral Design community and newsletter, Habit Weekly which provides 15k+ members with the best articles, videos, podcasts, and exclusive premium content from the world of behavioral science and business.
Samuel lives by this motto - “Make the world a better place, one good habit at a time.”
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