Procrastination blocks progress

Procrastination blocks progress
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“You don’t have to see the whole staircase, just take the first step.”

By Nathan Mvere

HOW happy do you feel when you discover say, a US$5 note  in your jean pocket that you had completely forgotten about? Especially if you come across it when you have no money.

That’s the feeling you get when you choose to save and invest your surplus for a rainy day. You will feel it was the wisest decision you made  for your self ever.

The most difficult part of saving money is how to start. I’ve talked to a lot of my friends and clients about this and I’ve successfully convinced them on the need to save. And then, the procrastination kicks in! “Let me deal with this first”, “Let me clear up some prior financial commitments” or the classic “Let me discuss this with my wife!” I’ve silently watched as days unfold into weeks and into months until they come across a reality check and then they are back and we begin the same cycle again!

“Don’t wait. The time will never be just right.” – Napoleon Hill

“You don’t have to see the whole staircase, just take the first step.” – Martin Luther King, Jr.

Newsflash: Financial commitments don’t “pause” or “stop” in life to give you a chance to start saving! You will always convince yourself there is something more “useful” for you to do with your surplus money rather than save it for your future self until you arrive in your “future” with nothimg

“Time is an equal opportunity employer. Each human being has exactly the same number of hours and minutes every day. Rich people can’t buy more hours. Scientists can’t invent new minutes. And you can’t save time to spend it on another day.”
– Dennis Waitley

In terms of Savings, a lot of people seem to forget that as time moves on, the less time we have to prepare for that point in our lives when we will no longer receive a pay check. People wait until the last possible moment to do something, only to make it harder than it should have initially been! For example our children’s school fees. Paying this is a certainty and yet as parents we put it off until the last possible moment. Failure to prioritize arises from focusing more on uncertainties than certainties,

There’s no better way to start saving than to just begin. I have come up with a Personal Challenge that I’m excited to share with you. I want to challenge you to do something you have never done before.
Here goes:

Monthly Wallet Challenge

This is a self-endurance technique I came up with that I’d like you to try if you are serious about saving.

I want you to take a single note of money (It could be US$1, US$10 or even US$100! The higher the denomination the more significant and effective this challenge will be for you.)

Now, place this note in the main partition of your wallet/purse. Make sure you carry your wallet/purse everywhere you go, with this note inside. The challenge is to have the exact same note (and I mean exact same serial number) on this day next month.

The challenge is that you have this note in your wallet wherever you go, and no matter how tempted you are to use it, even by telling yourself “I can replace it” do not touch it.

So as I said before, the higher the denomination the more positive impact this challenge will have on your willpower to save.

At the end of the month, reward yourself This part is very important as well! Go out and spend it with a smile on your face knowing you achieved something you have never done before!

After that, do it again! Or double it up if you enjoy the feeling you get as much as i believe you will after the first month!

Remember, you are challenging yourself so it’s cheat proof. Do it as a group in your office and encourage each other, write down each other’s denominations and serial numbers. Do it as a group of friends to make it more challenging!

Good Luck and I hope you take yourself seriously

Nathan Mvere is an Authorised Consultant at Nexus Insurance Brokers L.L.C (U.A.E). He can be contacted at nathan.mvere@nexusadvice.com or on his Twitter handle @natemvere.

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