Why Managing Yourself Is Harder Than Managing Money (and How to Get Better at It)

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Let’s be honest—managing ourselves often feels like trying to herd cats, literally. Tracking expenses and sticking to a budget can be challenging. Controlling our own behavior, habits, and desires is an entirely different game.

But why is self-management so tough? And more importantly, how can we improve? We’ll let you in on the secrets of self-discipline, inspired by The Rules of Wealth by Richard Templar.

The Wealthy Have One Key Advantage: Drive and Sacrifice

Ever wonder how successful people get to where they are? Hint: it’s not just about luck or privilege. The wealthy, especially in their early days, possess an intense drive. They are willing to make big sacrifices to reach their goals.

Next time you’re tempted to hit the snooze button, ask yourself: What would a successful version of me do? Or when spending another evening binge-watching TV, consider the same question.

Delayed Gratification

This is the secret to long-term success. One of the biggest differences between those who succeed and those who don’t is delayed gratification. It is the ability to resist short-term temptations for bigger long-term rewards.

Think of it this way: don’t splurge on the latest gadget. Invest in something that will pay off in the future. Whether it’s learning a new skill, growing a business, or improving your health, the ability to wait is crucial. Waiting can lead to greater rewards. This patience is a game-changer. This patience is a game-changer.

Self-Control

Self-control is more than willpower—it’s a skill that improves with practice. Like building muscle at the gym, the more you exercise restraint, the easier it becomes.

Start with small challenges:

  • Skip a daily indulgence (like an expensive coffee) and save that money.
  • Stick to a to-do list and complete the toughest task first.
  • Set a rule, like “no social media before noon,” and commit to it.

Small wins lead to bigger successes, making self-discipline feel less like a burden and more like a superpower.

Want to take control of your habits and decisions? Here are a few actionable tips:

1. Set Clear Goals

Define what success looks like for you, and break it down into achievable steps.

2. Track Your Progress

Use a journal, app, or planner to monitor your daily habits and milestones.

3. Reward Yourself Wisely

Celebrate progress—but in a way that aligns with your goals (think an experience over a shopping spree).

4. Learn from Mistakes

Slip-ups happen. Instead of giving up, reflect on what went wrong and adjust your approach.

5. Surround Yourself with Support

The people around you influence your mindset and habits. Seek out those who encourage and inspire you.

Managing yourself is a lifelong journey, not a one-time fix. The more you commit to discipline and delayed gratification, the more control you’ll have over your future. Stick with it, trust the process, and watch yourself grow into the person you aspire to be. You’ve got this!

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