I hope you had a great weekend. It’s great to see people out and about, masked or not. I happen to live where things are opening up more quickly, and I have to tell you, it’s a relief. The only problem is that what is true for one, is not true for the whole. The fallacy of composition across states is leading to a lot of uncertainty. That uncertainty is what’s holding the bulls at bay. There needs to be another bullish catalyst or the bears will want to come out of quarantine as well.
In Other News:
I think my reader is spot on in identifying utilities as a viable alternative for income. Within the universe of equity income stocks, utilities are the safest. Demand for essential services such as electricity and water won’t disappear as a result of the virus. Energy consumption may wane for a while, but it will rebound as soon as the economy opens back up.
May 19, 2019
HOW TO BEAT PROCRASTINATION — a few tips…
What really seems to work, though… what you really need to be doing is to:
Do it now. This seems obvious, and it’s not that we don’t know that we should do things now. The problem is that we don’t know how. Here are some techniques to get to now and beat procrastination.
Set aside blocks of time to DO things. Just like you schedule time to go to attend business meetings, exercise, etc., the same principle applies to other things you might procrastinate. Pick an hour a day to get things done.
If it comes to mind, then do it. Scheduling time to DO things is important. But if something comes to mind randomly, do it when you think of it (assuming that you have time). For example, if you’re sitting down reading a book or watching a show and you’re reminded that you need to do a chore, stop what you’re doing and do it.
Use a timer to bring you back to reality. One way to keep on track is using a timer. On one hand, you can use the timer to set aside a work block. People generally work more focused and with a sense of urgency. On the other hand, when the timer goes off (after, say, 30 minutes), ask yourself it you’re doing what you’re supposed to be.
Do not multitask. A lot of people say they’re great at doing many things at once. The reality, though, is that they’re usually great at starting many things at once… but never actually doing any/all of them (or at least very well). Most people need to focus on one thing at a time — to do it well and to get it done.
Eliminate distractions. Distractions feed procrastination. Eliminate them. Remove clutter from your workspace. Tum off notiﬁcations. Leave your phone in a drawer. Only keep essential programs open on your computer. Don’t turn on the TV.
Compare your actions with your values. It doesn’t matter what we say is important. The things that are priorities in our lives are the things we actually do. How does what you do mesh with what you believe? If you say that getting out debt is important, are you actually doing the things that will get you out of debt? If you say that getting in better shape is important, is choosing TV over exercise going to help? Is that fast food meal really the best choice?
To Our Better Choices…