Procrastination – Is It A Problem With Laziness Or Could It Be Fear When Investing in Real Estate
Procrastination is often a result of two main causes:
-The task in hand is overwhelming -The task in hand is unpleasant
Many times procrastination goes hand in hand with fear and doubt. Far too often people set up goals, plans and even strategies to overcome their procrastination when the reality is that the real issue is never being addressed.
Here are ways to beat procrastination resulting from an OVERWHELMING task:
-Start by planning – breaking the overwhelming task into manageable chunks.
-Get started on the task right away by taking a small slice at a time.
-Use a time slice as small as five minutes and start on the easiest part of the task. (Often, once you are involved, the momentum builds and procrastination retreats!)
-Get more information about the overwhelming task. Speak to others. Gather more details. The more you know, the overwhelming task can shrink and get more into perspective.
The real task must be head on and the emotional issues must accompany the goal.
-Start repeating to yourself all the benefits that will come from completing the task.
-Describe in graphic terms the worst possible consequences from NOT completing the task.
-Setting a deadline can kill procrastination as the mind gets locked on to the ‘mission’ to complete the task in a pre-determined time span.
-In planning, write out the steps in advance. As you come towards the end of one step, you automatically have the next step in mind, making it more difficult to put the task off through procrastination.
Here are ways to beat procrastination resulting from an UNPLEASANT task:
-Deal with the task immediately. Just meet it head on.
ACTION always kills fear!
-Repeat to yourself the greater unpleasantness that will result from not carrying out the task.
-Build enthusiasm for the results from the task, which will overshadow the unpleasantness of actually completing the task.
-Seriously ask yourself: “What is the price of procrastination in this case and am I willing to pay it?”
-Reason, “If I am going to do this job eventually anyway I might as well do it now and get it out of the way!”
-Think of ways to reward yourself at various stages through the task.
Ellis SanJose, 2007 www.networthu.com . All rights reserved.
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Ellis began learning about real estate investing at a very early age. Growing up in Southern California, his father taught him the skills of rehabbing & renting properties. While attending college, Ellis worked for a partnership group that was a major real estate player in Los Angeles County during the 1980’s. They specialized in purchasing foreclosures at the courthouse steps. Ellis was instrumental in their success, by growing their portfolio from 10 properties to 200 in three years. In 1994, he changed careers & became a licensed securities broker. Ellis has devoted his time investing in many types of distressed assets, single family homes, commercial properties, & non-performing trust deeds. He has been involved in over 60 real estate transactions totaling over $30 million dollars.
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