Micro Habits for Success Quiz

What is the main idea behind the 1% rule mentioned in the video?

• Saving 1% of your income

• Making large changes quickly

• Improving by 1% every day

• Working 1% harder each day

Why is automating your finances considered beneficial?

• It allows you to spend more freely

• It helps you save without thinking

• It increases your monthly income

• It reduces your bank fees

What is the benefit of writing down your goals?

• It guarantees success

• It allows you to share them with others

• It helps you remember them

• It makes you 42% more likely to achieve them

What should you consider when deciding to spend money on yourself?

• If it benefits your mental, physical health, or knowledge

• If it is a luxury item

• If it is on sale

• If your friends approve

What is a simple habit to understand your spending habits better?

• Tracking your spending daily

• Using a credit card for all purchases

• Only spending cash

• Asking friends for advice

What does having a bias towards action mean?

• Planning every detail before starting

• Taking action without overthinking

• Avoiding risks at all costs

• Waiting for the perfect moment

How can regular exercise benefit you according to the video?

• It reduces your work hours

• It increases your income

• It enhances mood and productivity

• It guarantees weight loss

What is a potential benefit of shopping around for better offers?

• It increases your spending

• It reduces your insurance coverage

• It guarantees better service

• It saves you money on services

What is the purpose of having an accountability partner?

• To compete with them

• To support each other's growth

• To share expenses

• To have someone to blame

Why is scheduling reflection time important?

• It guarantees success

• It helps you disconnect and strategize

• It allows you to work more hours

• It is a time to socialize