- Avoid it all together & shop online? I like this approach, but for some reason my partner finds this too impersonal and not “Christmassy” enough for her tastes. She has that illogical (and therefore unarguable) belief that unless you physically endure the blood, sweat and tears of personally entering the shopping centre, it is not really shopping.
- Drive around and hope by some miracle you can find an empty spot and swoop into before anyone else sees it?
- The "lay in wait” approach, where you idle in the aisles waiting for a spot to open up like a venus fly trap?
- Or stalk people as they leave the shops hoping that they can lead you to the prize before anyone else sees them too?
What have you simply failed to do this year? Have you lost that weight you wanted? Have you left the job you hate? Did you buy more property, or improve your finances? What are you now putting off getting started now till next year (or the year after)?So why do we as human beings procrastinate? According to Joseph Ferrari, a professor of psychology at DePaul University “What I’ve found is that while everybody may procrastinate, not everyone is a procrastinator,” As a pioneer of modern research on the subject, his work has found that as many as 20 percent of people may be chronic procrastinators. In research settings, people who procrastinate have higher levels of stress and lowered well-being. In the real world, undesired delay is often associated with inadequate retirement savings or missed health care visits. Reading about why people procrastinate I discovered a really cool way to think about procrastination… According to Cal Newport (author of "So Good They Can’t Ignore You") procrastination, or the resistance you feel to getting started on something you think you ought to do "is a perfectly reasonable, evolutionary inspired, neurological reaction. A reaction that says we don’t know what we are doing here, or we don’t have a plan that we can believe in, or there is not really a goal here that we should be wasting our time with.” Newport goes even further with this thought process, believing that human beings have a part in our brains which is really good at evaluating our plans, and procrastination is really our minds way of telling us that we haven’t put enough thought into this plan of ours. Or in other words, our own mind has an inbuilt Bull Shit Detector (BSD), and every time we find ourselves procrastinating it triggers our BSD, effectively calling us out, and stopping us from embarking on a journey or task that we are completely underprepared for. So whilst nearly everyone I speak with, would like to create more wealth for themselves and their families, I am staggered by just how few investors actually have a written wealth plan. I guess that is why so few successfully manage to pull it off. It is also why so many people despite wishing that they could become a better property investor for example, simply end up procrastinating year after year. So how can we break the procrastination cycle?
- Create a Plan and
- Take Action.
Other News and Videos
Mark Talks About Having Goals and a Clear Plan
Monday, 3rd Aug
Further Changes are Underway Outside of the Royal Commission Findings
Wednesday, 27th Feb
Performing a ‘Credit Check’ can make some of us nervous. Particularly, if financial skeletons exist in your closet!
The Value of Getting Good Financial Advice
Tuesday, 6th Nov
Recent surveys suggest that about 80% of the Australian adult population does not seek financial advice.
Using Property to Retire Well
Wednesday, 10th Oct
Some retirees rely solely on their rental incomes from their investment properties to fund their retirement. Others use it simply to enhance their lifestyle, regarding it as nice-to-have additional income — and of course many retirees don’t own rental property at all.
Wealth Strategies For Every Stage of Life
Tuesday, 11th Sep
A basic principle of wealth accumulation is that at least some of the income you generate throughout your working years should be utilised towards growing your wealth.
What You Need to Know About Your Credit Score
Tuesday, 5th Jun
Remember back at school when you got a report card that told you, or perhaps more importantly your parents, how well you were performing in each of your subjects? Well, your credit score and credit report are used by lenders to see how well you are doing managing your finances.
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