Hey there, fellow procrastinators

The Clever Investor Podcast

On this weeks show we have a blunt chat about how putting things off can totally mess with our quest for wealth.

Procrastination comes to visit all of us from time to time. It’s the act of delaying or postponing tasks despite knowing their importance. It’s often due to avoidance from a lack of motivation or time mismanagement. If left unchecked it eventually leads to decreased productivity, increased stress and then the procrastination bush-fire roars back into life.

A slippery slope.

This sounds like a very obvious statement but ‘putting-things-off’ can be a significant hindrance when we are all trying to grow wealth. We know that delaying or avoiding financial actions will have detrimental effects that you’ll be kicking yourself for in years to come.

A few Bite Sized Basics to combat ‘putting it off’.

In most cases it’s not going to be easy, the habits you are in have most likely been with you for years, so overcoming financial procrastination requires discipline, commitment, a proactive mindset and a plan to work with. Here are some of the main points that you can build strategies on to combat procrastination and boost wealth-building.

• Set Clear Financial Goals
• Create a Financial Plan, with the help of an expert.
• Take Immediate Action
• Seek Professional Advice
• Automate Savings
• Stay Educated
• Stay Accountable

By overcoming procrastination and adopting proactive financial habits, individuals can set themselves on a path to build wealth and achieve their long-term financial objectives.

In the time its going to take you to warm up on the treadmill in the gym we'll step you through the ways in which procrastination can work against you.

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