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Procrastination vs DoItNow

Real procrastinators tell themselves five lies

• They overestimate the time they have left to perform tasks.

• They underestimate the time it takes to complete tasks.

• They overestimate how motivated they will feel the next day, the next week, the next month -- whenever they are putting things off to.

• They mistakenly think that succeeding at a task requires that they feel like doing it.

• They mistakenly believe that working when not in the mood is suboptimal.


Dr. Ferrari recommends these strategies for reducing procrastination

1. Make a list of everything you have to do.

2. Write a statement of intention.

3. Set realistic goals.

4. Break it down into specific tasks.

5. Make your task meaningful.

6. Promise yourself a reward.

7. Eliminate tasks you never plan to do. Be honest!

8. Estimate the amount of time you think it will take you to complete a task. Then increase the amount by 100%.


Do it Now Tips

Energize your priority efforts by addressing the most important first.

Move yourself toward achieving productive outcomes.

Operate by keeping your focus on long-term advantages.

Tolerate-but don't give in to-emotional signals for needless delays.

Integrate realistic thinking with self-regulated actions to achieve stated objectives.

Overcome diversionary unstated agenda urges by "do it now" actions.

Nudge yourself in the direction of Y decisions that lead to productive results.


ref:

http://www.psychologytoday.com/blog/science-and-sensibility/201003/emotions-decision-making-and-procrastination


Endowment Insurance vs Term Insurance

There are 3 main types of insurances
1. Endowment Policies [With money back ]
2. Term Policies [Without money back]
3. ULIP type

Term insurance
- this is a fixed term insurance .. say 20 yrs, 25 yrs etc
- it gives protection, but no investment, no cash value at maturity
- high protection, low saving.

Endowment insurance
- this is also a fixed term insurance - 18 yrs, 30 yrs etc
- it gives minimum protection, but higher cash value and savings
- this is more for retirement saving or education fund saving.
- at maturity you get a maturity value normally more than the money you put in