Identity Based Habits are something that not everyone have heard of. Every year, I will set SMART goals (S – Specific, M – Measurable, A – attainable, R – relevant, T – time-based). Having read the book Atomic Habits written by James Clear last year, I decided to tweak my approach slightly this year.
What do I mean? When we set our goals, most of our goals are focused on outcome. For example, last year, I set a goal of contributing at least S$600 to each of my child OCBC Young Savers Account. Another example is to run a total of 300KM in 2020. These are goals that are focused on outcome.
This year, in 2021, I wanted to focus on building identity based habits. Why? This is because once you build a habit, it becomes long lasting. Identity based habits focuses on who I wish to become.
“If you want better results then forget about setting goals. Focus on your system instead – James Clear”
Identity Based Habits for 2021
#1 I want to be stronger
Identity: Become the type of person who exercises every week.
Small wins: Run every week and do some heavy weights.
#2 I want to improve my knowledge
Identity: Become the type of person who read books and watch self improvement videos.
Small wins: Watch at least 1 Udemy video once a month, read at least 1 book per month, take at least 1 certification course per year.
#3 I want to be financially free
Identity: Become the type of person who invest regularly
Small wins: Invest 15% of your monthly salary into dividend paying stocks.
#4 I want to be a better parent
Identity: Become the type of person who plans for the children’s future
Small wins: Contribute monthly to my children’s saving account to build up their savings.
#5 I want to be a minimalist
Identity: Become the type of person who own less things
Small wins: Declutter my home and workplace. Refrain from buying unnecessary things.
I have set my identity. Now, what kind of person do you want to be in 2021 and beyond?