As human beings, we often feel a tension between what is good for us now and what is good for us in the long term. We see this most often as a tendency to delay action or procrastinate.
Believe it or not, our brains are programmed to procrastinate. Evolution has wired us to place a greater weight on our immediate needs than our long-term welfare - survival of the fittest, I suppose.
So, we tend to struggle with tasks that promise future upside in return for efforts we take now. That’s because the future upside—a comfortable retirement for example—is abstract while the immediate task —like an overseas holiday—is concrete.
To beat that sense of inertia, this writer lists five easy steps you can take to put you back on track and make you feel better.
Procrastination and leaving it too late is a challenge that so many aspiring retirees face.
From a financial planning perspective, leaving it too late means the discussion changes from planning for all sorts of exciting possibilities, to managing much less appetising probabilities.
If we have time and resources to create strategies, save and invest, financial goals can be accomplished.
Without time, we are stuck with a much less tempting menu of options.
How do you bust through procrastination?
Please share your thoughts.
Important - This information is shared with you purely for the purpose of financial education. It is based on generally available information and is not intended to provide you with specific financial advice or take into account your objectives, financial situation or needs. You should consider obtaining financial, tax or accounting advice on whether this information is suitable for your circumstances. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. See full Terms and Conditions here.