When it comes to change, you don’t need to take massive, gigantic action. You only need to implement tiny, 1% shifts in your life to grow yourself. 

Tiny habits are the compound interest of the self-improvement world. Human beings struggle to develop and maintain habits. We do things like work out like crazy for a week or so, and then stop completely. We go on a super strict diet where we eat like rabbits, only to find ourselves engulfing a chocolate cake by the weekend. We get so overwhelmed and “go all in” that we don’t realize the power of consistency and 1% changes. If you consistently do something, even in small things, it acts as compounding interest in your life.

 

Tune in to hear Kim share:

  • What money and compound interest have to do with your personal development goals. 
  • Why you are giving up on your goal too quickly and the profound power of consistency. 
  • How bite-sized habits work to create real change. 
  • Even if change isn’t noticeable, it’s creating a ripple effect that will pay off in the long-run.

“The difference a tiny improvement can make over time is astounding. Here’s how the math works out: if you can get 1% better each day for one year, you’ll end up thirtyseven times better by the time you’re done.” — James Clear

About Kim

Kim Strobel is Chief Happiness Officer at Kim Strobel Live Events and Retreats. She is a teacher, consultant, motivational speaker, happiness coach, and a mission-minded person whose passion is helping others overcome their fears and discover their joy! 

You can follow Kim’s journey on Instagram at @KimStrobelJoy and in the free private, She Finds Joy Facebook community.

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Transcript

Kim Strobel 00:04

Hello, and welcome to the podcast. I’m happy to be with you here today. Real quickly, one of the things that really helps us is if you can scroll down on the podcast app and write a review for us, that really just helps us be able to get ourselves out in the world a little bit in a little bit of a bigger way. And I would so appreciate it if you would just take the time to give it five stars, if you think it’s worthy of five stars, and to write us a little review, what we’re going to talk about today, we’re going to talk about how tiny changes can make a big difference. You know, one of the things that I see us doing all the time as human beings me included is we underestimate the value of little itty bitty tiny small improvements that happen on a daily basis. We kind of have it in our mind. we convince ourselves that in order to get massive results in our life, because we all want massive results, right? We want to make a lot of money or save a lot of money or get away better job or lose lots of weight, or start exercising and meditating and doing our gratitude journal and writing our affirmations and we all want these massive results. And what I know from the women who are in my 90 day program is they do end up getting massive results. But it’s because we teach them teeny tiny habits that end up having a really big game in their life because it starts like a snowball effect. It starts a ripple effect. But we kind of convince ourselves that if we want to have massive success in our life and whatever that looks like massive success in your relationship, massive success in your dream business, massive success and change In your body, that we have to take massive action. And I’m super guilty of this too. But what happens is we put this crazy amount of pressure on ourselves. And we feel like we have to make these earth shattering changes in our life. But the truth is, research doesn’t support that. In fact, the research I’m going to share with you might actually blow your mind. All you have to do is improve by 1%. Now I get it. You’re like, Kim, there’s no way I don’t believe you. I don’t believe that 1% is all I have to do that I just have to improve my life by 1%. But yes, that’s exactly what I’m telling you. And that’s what I want to talk to you about today. Because we’ve all got these stories in our head and it says, Oh, I need to take massive courageous action in order to To get massive results, and that’s where we’re misinformed because it’s really about small, teeny tiny changes 1% changes. And those teeny tiny changes are actually what gets you to that big, bold, brave life that you’re after. But here’s the problem. 1% isn’t really noticeable. And so we quickly dismiss it, because we don’t notice it at first. But actually 1%over time, is super impactful. And I’m going to tell you why. It’s super meaningful in the long run. And it happens quickly, and it’s pretty incredible. If we can make improvements by 1% every single day. So here’s what I know when it comes to this. Here’s the math If you listen carefully, if you make a 1% change, you get better by 1% every single day for an entire year, you’ll end up 37 times better by the time you’re done 37 times better if you can make teeny tiny changes of 1% every single day. But guess what? Some of us go in the opposite direction. Some of us get 1% worse every day. And if you get 1% worse every day for a year, well then you’re going to decline nearly down to zero, right? You’re not making any progress. And so what happens is this little 1% teeny tiny change in your life, and I get it, it starts out as an Really small when and you’re not paying attention to it at first or maybe you’re going in the opposite direction. It might be like a minor setback. But then all of a sudden, nine weeks later, that minor little setback has changed into nine weeks. Have you not saving money, nine weeks of you not getting the exercise program implemented that you want to and you know, you miss one day and the next thing you know, you’ve missed 100 days. Now, we all fall off the bandwagon we all take steps forward, and maybe a half step back. But sometimes, when people say, Kim, why are you so crazy about your running? Why do you have to run 35 miles a week? Why can’t it be 34 Why can’t you miss one run in it be 30 and it’s simply because what happens is the research is really strong, that once you follow it Off the bandwagon, one day that one day can turn into two, that two turns into five. And that five turns into nine weeks later, and you haven’t yet started your exercise program. And so what we’re really talking about is we’re talking about habits. We’re talking about teeny tiny changes that are in the direction of where you want to go. And habits work a whole lot like compound interest. I don’t know if you all know about compound interest, but I’m crazy about compound interest, because this is how people can save money. And it begins a ripple effect. And it starts by saving very, very little Dave Ramsey talks about this. We’ve had many compound interest conversations with our 20 year old son, because we’re trying to help him understand the value of investing his money and saving it as at a very young age because Frankly, my husband and I did not do that we did not know about compound interest we did not know about teeny tiny little habits that end up having a huge effect on your life, being able to save teeny tiny amounts, that rolls over into compound interest, which I’m going to explain to you and then I’m going to show you how that affects your life in other ways. And so, you know, back in the day, we my husband and I, we, we didn’t choose to save money, we opted for the $500 a month car payment versus, you know, driving a $2,000 car maybe that was reliable and putting that $500 a month in the Roth IRA IRA. But then we took Dave Ramsey’s money class, and we started to learn about compound interest. And we became really motivated to begin saving money. And so I’m not going to give you the exact numbers and you can actually Google this. It’s a database Ramsey video on combined interest that let me tell you will be worth you googling and watching. But basically what happens is you have two different people let’s take Person A and Person B. And so Person A actually begins to save $2,000 a year from age 18 to age 26. All right, so$2,000 a year from age 18 to age 26. Okay, so if person a bear with me here saves 2000 a year, let’s say they start at age 19. All right, so at age 19, they put 2000 into an investment at age 2021 20 220-324-2526. So they have eight years of putting $2,000 a year Or $167 a month in a retirement fun. All right, so this means that after eight years Person A has invested $16,000 in a retirement fund. Now let’s pretend that person a stops contributing, and from age 27 until age 66. when they retire, they never contribute another dollar. Now let’s take Person B, and Person B is like Kim and Scott Strobel. They don’t start saving until they’re 27 years old. They don’t contribute anything from age 19 to age 27. And then finally at age 27, they start contributing $2,000 every single year from age 27 all the way to eight page 66. All right, so however many let’s say that’s 40 years, right? 2770 3747 5767. Let’s just say it’s 40 years. So 40 years of 2000. So let’s say they’ve invested about $80,000. All right? So hang with me, because I’m going to show you how compound interest works. But I’m going to show you why we need to do compound interest in our personal development goals as well. So I know I might be being monotonous but you’re listening to me and I really want you to understand this. So personaje has 16,000 invested. They invested 2000 a year starting at age 19. They stopped at age 26. They never invested any more money. Person B invested like $80,000 starting at age 27, every single year until age 66. So approximately $80,000 is what they invested. Here’s what We know Person A, the one who started eight years earlier. On average, we know that when that person retires, and they’ve invested only 16,000, it will be worth $2.2 million $2.2 million is what we’ve told our son, we’re like, dude, just save your money. Don’t go out and get a fancy car, save your money. 2000 bucks a year, and he’s done it. He’s done it actually, since he was 17 years old, he started putting 2000 a year in our Roth IRA. And we’re like, dude, if you can just do this for eight years, and and the bottom line is he’s probably going to keep contributing to his retirement but if he just does it for eight years, he will earn in make about 2.2 million. Now what’s interesting is the person B Who put in like 80,000? Who started six years?Sorry? Six? Yes, six years later, I think it was, or eight years later. Here is what his is worth 1.5 million. Now still good, right? I mean 1.5 million is still good. But look at the difference that is like an $800,000 difference. And he never caught up with Person A who only put 16,000 in and Person B put in 80,000. And still in the long run, was unable to catch up. Folks, this is what combine interest us. teeny, tiny, small little things that you’re not even noticing it first. Right? So what you’ve got 2000 after year one, you’re not even noticing but that builds and builds and keeps growing. Over, as combined interest until eventually, after, you know, it’s been in there for 30 or so years or 40 years, it now that 16,000 is worth 2.2 million. And it really doesn’t make sense does it but this is how combined interest works. Because whenever Person A put his money in eight years earlier, he got the value of even more combined interest, which means he got way more money in the bank than Person B. And that’s how combined interest works. And I want you to apply combined interest to your life not just to your money, but to your life because little itty bitty tiny changes end up having a massive ripple effect in your life. And you know, that’s what we do as human beings we dismiss these tiny little changes You know, we go to the gym three weeks in a row, and we’re like, Well, my body hasn’t even changed. This obviously isn’t working, I’m still not in shape, I still haven’t lost the weight. And so you quit, right? Or you save your money for an entire year. And then the next year or five years later, you’re like, well, I’m still not, you know, we’re not gaining massive amounts of money. This isn’t really working. I’m still not a millionaire. I’m not going to keep doing this. It’s not working. It’s too much time, you know, it’s taking too much time. Or you eat healthy for two weeks in a row and you’re like, damn it, I haven’t even lost a pound. And then you throw the talent because you don’t see that the 1% matters because it’s hardly noticeable. But you need to understand that even if it’s not noticeable, it is still having and will eventually have a big effect, because it’s working like compound. Compound interest. All right. It’s a small team. Tiny habit that looks like it’s having a slow transformation. But what we know is that when we’re when things take time, it makes it super easy for us to give up, or to let the bad habits slide back in. You eat healthy for two weeks, the scale doesn’t move, and you’re like, screw it. That’s not working right. Or you work really late one night, and you ignore your your family, and you know that your job is getting away and it’s stealing family time. And you hope they forgive you. And then all of a sudden, it’s two weeks later, and you’re still working late, and you’re still not spending time with your family. And now your family starts to resent you. And so it’s these single decisions that are really easy to dismiss that we talk ourselves out of that makes us not be able to really implement the kind of change that we’re wanting to see in our life. And so When we’re thinking about this, right, we’re thinking about how does this look in my life, what are teeny tiny, small little one degree habits that I can implement and I can stay in them for the long run, I can let them build a fine a compound interest, so that eventually it ends up having a massive result in my life. Now, I’m going to stop here because I’ve given you a lot to think about in your own life. And again, I would love for you to pop in the she finds joy Facebook group, if you’ve listened, listen to this. Let us know that you’re going to make a commitment to a one on one degree change right in your life 1% or one degree. And I’m actually going to follow this up with a part two episode because it’s not just The habits that we struggle with it’s the systems and we’re going to talk about that in the next episode.