Photo by Be Fitter ©

By Trent Hamm

This morning, I answered a question in the latest Reader Mailbag on self discipline and habits. I’ll reprint the question and answer here for your convenience.

Q1: Self-discipline or habits?
I’m an avid personal finance reader/thinker, and an avid runner, and lately I’ve been struggling with the question of whether my success has been due to self-discipline or motivation for goals. I know that several experts disagree on what prods us toward success. Some believe that self-discipline is key, while others believe it’s motivation/habit building and that self-discipline is a mysterious term that doesn’t really help us improve our lives. I’d like to know your thoughts on how you define both, and how they relate to personal finances and success.

- Michael I think... More...