Big Goals, Little Steps: With Guests Shannon Miller & Hal Hershfield

Choiceology with Katy Milkman

Charles Schwab

Behavioral Economics, Society & Culture, Social Sciences, Decision Making, Charles Schwab, Business, Science, Investing, Dan Heath, Katy Milkman

4.8 • 1.4K Ratings

🗓️ 16 August 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Most people wouldn’t attempt a marathon or a climb up Mount Everest without first working through some less audacious objectives. And yet there are countless examples of ambitious goals—new businesses, academic degrees, career changes, athletic feats—that were abandoned because they appeared too daunting in scope. In this episode of Choiceology with Katy Milkman, we look at a simple strategy that can make your biggest goals more manageable.

Transcript

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0:00.0	Shannen Miller looking to add an individual Olympic gold medal to her trophy case on the balance
0:14.7	beam.
0:18.2	A tumbling pass, two layouts, beautiful.
0:24.6	That move actually called the Miller absolutely flawless execution.
0:29.8	Now she has to stick that dismount, it all comes down to this moment.
0:45.6	That's a recreation of an iconic moment for gymnast Shannen Miller, a gold medal performance
0:51.3	at the 1996 Olympics in Atlanta.
0:55.4	In this episode, you'll hear from Shannen on how she approaches big goals and big challenges.
1:02.0	And I'll be speaking with UCLA psychologist and researcher Hal Hirschfield about a peculiar
1:07.0	phenomenon that influences your willingness to save money.
1:16.0	I'm Dr. Katie Milkman and this is Choiceology, an original podcast from Charles Schwab.
1:22.3	Let's just show about the psychology and economics behind our decisions.
1:26.4	We bring you true stories involving high stakes moments and then we explore the latest research
1:31.4	and behavioral science to help you make better judgments and avoid costly mistakes.
1:53.7	The CV American flag being raised to have the hometown crowd right there yelling and screaming
1:59.7	out loud.
2:02.0	That's gymnast Shannen Miller talking about her experience at the 1996 Olympics in Atlanta.
2:08.2	The story of Shannen's success begins long before that competition in the Georgia dome.
2:14.0	It starts when she was a precocious five-year-old kid.
2:17.8	Stepping in the gym as a five-year-old, I got to run and jump and go into some pits and
2:24.3	be on a trampoline and swing on bars.
2:26.2	It was just the coolest thing ever and that love really just grew very steadily over time.
	...

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