I invite you to watch an entertaining & informative video produced by a couple of young gentlemen Max @Alex Weinzierl.
Please go to the link below, scroll down to Jack Weinzierl's Video and enjoy.
I promise you will not be disappointed.
http://www.strategicprofits.com/66-seconds-humorous/
Also, please digg them and maybe we can help two good guys win the contest.
Sincerely,
Tony Brown
Saturday, December 15, 2007
Saturday, December 8, 2007
Be Your Own Bank
Be Your Own Bank
Written by: Trista Winnie
You probably don’t sit around calculating how much interest you pay to banks and other lenders each year, but chances are you have financed large purchases, such as homes, education, cars and major appliances.
The interest you pay to banks can add up
The interest paid on these items can add up to hundreds of thousands of dollars, perhaps more, in the course of a lifetime. People often have to decide how much money to allocate for their retirement and how much to paying down current debt.
But what if it were possible for people to save for retirement in a vehicle that allowed them to finance their life in a way that provided advantages over borrowing from a bank or lender?
That is exactly what R. Nelson Nash had in mind when he pioneered the Infinite Banking Concept. In essence, Infinite Banking, and other similar systems adapted from Nash’s original idea, involves paying into a whole life insurance policy with an insurance company that allows policy holders to take loans collateralized on their individual policies.
How it works
Infinite Banking and other individualized banking systems rely on participating whole life insurance policies, which build up equity and pay dividends. Policy holders pay premiums—which vary based on the amount of the death benefit chosen, along with other factors, such as the age and health of the policy holder—into a whole life insurance policy for a period of five to seven years and let the policy increase in value. This is known as the capitalization phase.
“Generally, we try to fund most of the money into it in the first five years,” Tom McDermott, president of Asset Protectors & Advisors Group, said. “The longer you can allow it to accumulate, obviously, the more you can pull out for retirement savings, the more you can pull out for larger items.”
After the capitalization phase, the policy becomes self-supporting; the returns on the policy at that point will be enough to cover the premiums. The annual dividends are based on how well the insurance company did that year. Insurance companies must invest the premiums received “in order to produce the benefits that are promised,” Nash wrote.
Through the use of a paid-up additions rider, policy holders benefit from having their dividends reinvested into their policy, thus increasing the value of their policy and subsequent death benefit.
Policy holders are able to borrow up to 100 percent of the cash value of their whole life policy at any time with no tax penalties. A policy holder “outranks every potential borrower in access to the money that must be lent,” Nash wrote.
With this structure in place, policy holders are able to essentially act as their own personal bankers. They can loan themselves money from their own life insurance policies, and the interest payments go back to their own accounts.
People who participate in individualized banking are able to borrow money from—and repay—themselves when financing major purchases, rather than relying on and paying interest to banks and other outside lenders.
“Your average American family is not saving money...at the same time, they’re spending approximately 34.5 cents on every dollar in interest to finance their lifestyle through banks and different finance companies,” David Kane, president of the benefits division at York International, said.
By depositing cash into a life insurance policy rather than using it for a major purchase, investors retain the ability to earn interest on that cash. Further, by borrowing from their own life insurance policy, they avoid having to spend that 34.5 cents per dollar on outside financing, and can instead pay that to their own policy.
The borrowed money can be used to finance any purchase, whether or not a lender would typically grant a loan for it. The policy holder, as banker, gets to set the loan requirements.
“You are totally and completely independent from all other sources of financing,” Rebecca Rice, owner of Rebecca Rice & Associates, said. “You have control of your own banking system and you’re able to control the amount of money that goes into your bank.”
Policy holders must make sure that they pay back any loans they take out. If they don’t, the system of growing the policy’s value will fail.
People who follow through on utilizing the insurance policy as a bank are able to supercharge the returns guaranteed by the policy while financing things they would have financed anyway. The difference is that all the interest payments go back to the policy, not to a bank or other lender.
“The Infinite Bank is really like a complete financial system. It will provide money for your lifestyle, for your retirement and for your heirs,” Kane said. “It works well in all phases of wealth.”
The advantages
Perhaps the most obvious advantage of individualized banking is that it offers life insurance coverage—something most people need anyway. Life insurance is a low risk investment; there are guaranteed returns, and life insurance companies are noted for their longevity.
There are also tax benefits. “In a properly structured life insurance program, if you borrow the money out of the policy, the proceeds are tax free,” McDermott said. “As long as you don’t lapse the policy, no taxes are due. When the death benefit is paid, it is paid income tax free, minus the withdrawals. We structure these programs so that the income stream is tax free through age 100 and the policy has a no lapse provision in it so as not to generate a taxable event.”
In addition to providing capital for borrowing, policies can also provide a stream of retirement income for policy holders. There are no age limits on policy withdrawals.
“This is the front of the wave for retirement planning,” McDermott said. “Setting up something like an Infinite Banking plan...allows you to save for retirement planning and [know] exactly what your tax exposure is going to be when you start pulling the money out. And if you pull it out correctly, you’re going to have zero tax exposure.”
Insurance policies are also safe from exposure to litigation and creditors. “Insurance policies are protected from...taxes, creditors, litigation, things like that,” Steve Sappington, co-founder and registered principal of TWM Group, LLC, said. “We have, for example, a lot of doctors who use this Infinite Banking Concept...because it shelters assets.”
In addition to being safe, individualized banking is flexible. Policy holders can borrow money and use it for purchases for which financing is usually hard to come by, such as foreign real estate. Policy holders can even become lenders themselves, borrowing money to lend it to other people in order to earn further interest.
People who use individualized banking can use their policy in a variety of ways without turning any money over to a bank or other lender at any time. “It’s really phenomenal,” Rice said.
The disadvantages
Still, it is by no means a perfect system. It typically takes several years for policies to grow to the point that the returns equal the costs of the premium, and for there to be a significant enough value in the policy to warrant borrowing from it.
The initial stages of individualized banking are analogous to starting a small business; there are a few years where money is spent before any money comes in. In addition, policy holders must be dedicated to building up the value of their policies.
“Just plan on really funding that policy well for seven years, then you’re going to be able to do some really nice things as a result from that,” Sappington said. He compared the initial stages to a jet taking off. A jet uses a lot of fuel to take off but becomes much more efficient after the initial surge of fuel use.
In addition to building up their policies, policy holders must be dedicated to paying back loans, though there is certainly more flexibility involved, since policy holders are paying themselves back. If unforeseen circumstances arise, policy holders can change their repayment schedule as necessary, rather than worrying about foreclosure, repossession or damaged credit. However, failing to pay back loans will diminish the effectiveness and efficiency of the system.
People who want to use an individualized banking system will need someone familiar with it to help them set it up, and not all insurance brokers are aware of the system.
Those interested in individualized banking will need to do research to make informed decisions. Fees, commissions and the percentage of the premium that goes toward building the account’s value vary by company, and there are many ways to structure whole life policies.
Written by: Trista Winnie
You probably don’t sit around calculating how much interest you pay to banks and other lenders each year, but chances are you have financed large purchases, such as homes, education, cars and major appliances.
The interest you pay to banks can add up
The interest paid on these items can add up to hundreds of thousands of dollars, perhaps more, in the course of a lifetime. People often have to decide how much money to allocate for their retirement and how much to paying down current debt.
But what if it were possible for people to save for retirement in a vehicle that allowed them to finance their life in a way that provided advantages over borrowing from a bank or lender?
That is exactly what R. Nelson Nash had in mind when he pioneered the Infinite Banking Concept. In essence, Infinite Banking, and other similar systems adapted from Nash’s original idea, involves paying into a whole life insurance policy with an insurance company that allows policy holders to take loans collateralized on their individual policies.
How it works
Infinite Banking and other individualized banking systems rely on participating whole life insurance policies, which build up equity and pay dividends. Policy holders pay premiums—which vary based on the amount of the death benefit chosen, along with other factors, such as the age and health of the policy holder—into a whole life insurance policy for a period of five to seven years and let the policy increase in value. This is known as the capitalization phase.
“Generally, we try to fund most of the money into it in the first five years,” Tom McDermott, president of Asset Protectors & Advisors Group, said. “The longer you can allow it to accumulate, obviously, the more you can pull out for retirement savings, the more you can pull out for larger items.”
After the capitalization phase, the policy becomes self-supporting; the returns on the policy at that point will be enough to cover the premiums. The annual dividends are based on how well the insurance company did that year. Insurance companies must invest the premiums received “in order to produce the benefits that are promised,” Nash wrote.
Through the use of a paid-up additions rider, policy holders benefit from having their dividends reinvested into their policy, thus increasing the value of their policy and subsequent death benefit.
Policy holders are able to borrow up to 100 percent of the cash value of their whole life policy at any time with no tax penalties. A policy holder “outranks every potential borrower in access to the money that must be lent,” Nash wrote.
With this structure in place, policy holders are able to essentially act as their own personal bankers. They can loan themselves money from their own life insurance policies, and the interest payments go back to their own accounts.
People who participate in individualized banking are able to borrow money from—and repay—themselves when financing major purchases, rather than relying on and paying interest to banks and other outside lenders.
“Your average American family is not saving money...at the same time, they’re spending approximately 34.5 cents on every dollar in interest to finance their lifestyle through banks and different finance companies,” David Kane, president of the benefits division at York International, said.
By depositing cash into a life insurance policy rather than using it for a major purchase, investors retain the ability to earn interest on that cash. Further, by borrowing from their own life insurance policy, they avoid having to spend that 34.5 cents per dollar on outside financing, and can instead pay that to their own policy.
The borrowed money can be used to finance any purchase, whether or not a lender would typically grant a loan for it. The policy holder, as banker, gets to set the loan requirements.
“You are totally and completely independent from all other sources of financing,” Rebecca Rice, owner of Rebecca Rice & Associates, said. “You have control of your own banking system and you’re able to control the amount of money that goes into your bank.”
Policy holders must make sure that they pay back any loans they take out. If they don’t, the system of growing the policy’s value will fail.
People who follow through on utilizing the insurance policy as a bank are able to supercharge the returns guaranteed by the policy while financing things they would have financed anyway. The difference is that all the interest payments go back to the policy, not to a bank or other lender.
“The Infinite Bank is really like a complete financial system. It will provide money for your lifestyle, for your retirement and for your heirs,” Kane said. “It works well in all phases of wealth.”
The advantages
Perhaps the most obvious advantage of individualized banking is that it offers life insurance coverage—something most people need anyway. Life insurance is a low risk investment; there are guaranteed returns, and life insurance companies are noted for their longevity.
There are also tax benefits. “In a properly structured life insurance program, if you borrow the money out of the policy, the proceeds are tax free,” McDermott said. “As long as you don’t lapse the policy, no taxes are due. When the death benefit is paid, it is paid income tax free, minus the withdrawals. We structure these programs so that the income stream is tax free through age 100 and the policy has a no lapse provision in it so as not to generate a taxable event.”
In addition to providing capital for borrowing, policies can also provide a stream of retirement income for policy holders. There are no age limits on policy withdrawals.
“This is the front of the wave for retirement planning,” McDermott said. “Setting up something like an Infinite Banking plan...allows you to save for retirement planning and [know] exactly what your tax exposure is going to be when you start pulling the money out. And if you pull it out correctly, you’re going to have zero tax exposure.”
Insurance policies are also safe from exposure to litigation and creditors. “Insurance policies are protected from...taxes, creditors, litigation, things like that,” Steve Sappington, co-founder and registered principal of TWM Group, LLC, said. “We have, for example, a lot of doctors who use this Infinite Banking Concept...because it shelters assets.”
In addition to being safe, individualized banking is flexible. Policy holders can borrow money and use it for purchases for which financing is usually hard to come by, such as foreign real estate. Policy holders can even become lenders themselves, borrowing money to lend it to other people in order to earn further interest.
People who use individualized banking can use their policy in a variety of ways without turning any money over to a bank or other lender at any time. “It’s really phenomenal,” Rice said.
The disadvantages
Still, it is by no means a perfect system. It typically takes several years for policies to grow to the point that the returns equal the costs of the premium, and for there to be a significant enough value in the policy to warrant borrowing from it.
The initial stages of individualized banking are analogous to starting a small business; there are a few years where money is spent before any money comes in. In addition, policy holders must be dedicated to building up the value of their policies.
“Just plan on really funding that policy well for seven years, then you’re going to be able to do some really nice things as a result from that,” Sappington said. He compared the initial stages to a jet taking off. A jet uses a lot of fuel to take off but becomes much more efficient after the initial surge of fuel use.
In addition to building up their policies, policy holders must be dedicated to paying back loans, though there is certainly more flexibility involved, since policy holders are paying themselves back. If unforeseen circumstances arise, policy holders can change their repayment schedule as necessary, rather than worrying about foreclosure, repossession or damaged credit. However, failing to pay back loans will diminish the effectiveness and efficiency of the system.
People who want to use an individualized banking system will need someone familiar with it to help them set it up, and not all insurance brokers are aware of the system.
Those interested in individualized banking will need to do research to make informed decisions. Fees, commissions and the percentage of the premium that goes toward building the account’s value vary by company, and there are many ways to structure whole life policies.
Sunday, February 18, 2007
The Millionaire Mindset
The Millionaire Mindset
You could ask anyone if they want more money and their answer would be “yes”. Money enables an increase in the quality of our lives in many ways. Flexibility of lifestyle, choosing when and how hard you want to work, charitable gifts, or that new Porsche are best achieved by having more money.
So why don’t we have more money? Is it lack of desire, work ethics, skill, knowledge, luck, opportunity, effort? The difference is what and how we think. The difference is the Millionaire Mindset.
The Millionaire Mindset is critical in accomplishing prosperity whether in our personal or professional lives. All of the motivation, knowledge, and systems in the world will not get us there without the mindset of the prosperous.
Zig Ziglar wrote ”The most important tool you have in your arsenal is integrity. Where you start is not as important as where you finish”. Two important parts of the millionaire mindset.
Anthony Robbins states “Your potential is determined (or limited) by your self-belief. Most people have self-doubt around universal times”. Self-confidence is a major factor in the millionaire mindset.
Brian Tracy’s rules include “ I’ve found that luck is quite predictable. If you want more luck take more chances. Be more more active. Show up more often. & A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power”.The millionaire mindset includes these two key components.
“ We are indeed resolute in creating profits and better financial situations for hundreds or even thousands of Reps. But we are more resolute in doing business correctly, with God as our guide….” Tim Darnell, President & Founder, Advantage Conferences, LLC & The Millionaire Mindset Conference.
Russ Whitney states “ Your attitude toward money - how you think about it, make it and manage it- is a key part of developing the Millionaire Mindset and building wealth”.
Seven simple components of the mindset that creates millionaires:
1. Integrity
2. Sustained Unwavering Belief
3. Self Confidence
4. Showing up- Becoming more active
5. Clear vision
6. Definate plans
7. Doing what is right
The good news is these qualities are in all of us. Those that choose to bring them to the forefront enjoy the success. We all know the 80/20 principal. The 20% have chosen to live a life that is blessed and abundant. Don’t you deserve the mindset of a millionaire?
You could ask anyone if they want more money and their answer would be “yes”. Money enables an increase in the quality of our lives in many ways. Flexibility of lifestyle, choosing when and how hard you want to work, charitable gifts, or that new Porsche are best achieved by having more money.
So why don’t we have more money? Is it lack of desire, work ethics, skill, knowledge, luck, opportunity, effort? The difference is what and how we think. The difference is the Millionaire Mindset.
The Millionaire Mindset is critical in accomplishing prosperity whether in our personal or professional lives. All of the motivation, knowledge, and systems in the world will not get us there without the mindset of the prosperous.
Zig Ziglar wrote ”The most important tool you have in your arsenal is integrity. Where you start is not as important as where you finish”. Two important parts of the millionaire mindset.
Anthony Robbins states “Your potential is determined (or limited) by your self-belief. Most people have self-doubt around universal times”. Self-confidence is a major factor in the millionaire mindset.
Brian Tracy’s rules include “ I’ve found that luck is quite predictable. If you want more luck take more chances. Be more more active. Show up more often. & A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power”.The millionaire mindset includes these two key components.
“ We are indeed resolute in creating profits and better financial situations for hundreds or even thousands of Reps. But we are more resolute in doing business correctly, with God as our guide….” Tim Darnell, President & Founder, Advantage Conferences, LLC & The Millionaire Mindset Conference.
Russ Whitney states “ Your attitude toward money - how you think about it, make it and manage it- is a key part of developing the Millionaire Mindset and building wealth”.
Seven simple components of the mindset that creates millionaires:
1. Integrity
2. Sustained Unwavering Belief
3. Self Confidence
4. Showing up- Becoming more active
5. Clear vision
6. Definate plans
7. Doing what is right
The good news is these qualities are in all of us. Those that choose to bring them to the forefront enjoy the success. We all know the 80/20 principal. The 20% have chosen to live a life that is blessed and abundant. Don’t you deserve the mindset of a millionaire?
Mentoring
Why Mentoring?
Why don’t you just learn how to play golf by reading a magazine? Why don’t you just go to the library to learn how to play golf? Why on earth would anybody pay Butch Harmon or Hank Haney $2,000 an hour, and often much more than that and spend multiple hours, day after day with them to learn one simple concept to improve their swing? Because their instruction has the corresponding value! In fact, their instruction translates into millions of dollars for some of their students. These professionals have the crucially important information that you can’t get from reading a magazine or going to the library, or for that matter doing it on your own. If you want to play better, you need a mentor, a mentor that has been there and done that.
The same thing is true in the business world. Most who think it is better to go to the library or do a Google search for millionaire insight will first of all, never go to the library, and second of all, they’ll be hugely disappointed from what they find from that reading. Real millionaire mentors are not necessarily professional speakers and authors. Virtually all published material about success are from professional speakers and authors. They made and will make their money by writing and speaking-selling their books. Audios, and DVD’s. Most are very good at their craft. But while their materials are entertaining, they are also quite similar, predictable, and provide only short term motivation. Mentoring is an ongoing process of insight and motivation.
What is valuable is to find real people who are actually in their fields, other industries, other endeavors that have made millions by offering value through their service and or tangible products. These people have become successful, not by going to the library, oh no. They became successful by struggling their buns off for years, and gaining experience that has not been recorded or published, other than on rare occasions. That experience is something you should know. Each person should pay a corresponding dollar amount for that value. Mentoring from very real millionaires not authors and speakers, but from the mouths of the people who lived their unique and amazing stories is priceless and could change your life.
Mentoring from someone who has gone bankrupt building their business, some multiple times is different. Their business was built by making mistake after mistake and yet they prevailed. Knowing their mistakes, their struggle, understanding what “tenaciously prevailed” really means along with the corresponding lessons that resulted from those real life experiences is of value.
Personal contact with millionaires alone is huge. Why do you think people join country clubs that cost $150,000? It’s not just the golf or tennis. They do it because contact with these people is of value. They know things, concepts, strategies, and people you don’t.
Mentoring is the lever that delivers the insight to dislodge the burden of mounting debt, small thinking, small income, insignificant pay raises, inflation, rare vacation time, little to no savings, the pain of unexpected expenses, and stagnant unfulfilling careers. Those who scoff at the concept of independence and much greater income potential will not win. They will either wake up to the importance of mentoring, change, business acumen, entrepreneurship, and the power of genuine faith, or they are doomed to repeat the same results they experienced last year.
Why don’t you just learn how to play golf by reading a magazine? Why don’t you just go to the library to learn how to play golf? Why on earth would anybody pay Butch Harmon or Hank Haney $2,000 an hour, and often much more than that and spend multiple hours, day after day with them to learn one simple concept to improve their swing? Because their instruction has the corresponding value! In fact, their instruction translates into millions of dollars for some of their students. These professionals have the crucially important information that you can’t get from reading a magazine or going to the library, or for that matter doing it on your own. If you want to play better, you need a mentor, a mentor that has been there and done that.
The same thing is true in the business world. Most who think it is better to go to the library or do a Google search for millionaire insight will first of all, never go to the library, and second of all, they’ll be hugely disappointed from what they find from that reading. Real millionaire mentors are not necessarily professional speakers and authors. Virtually all published material about success are from professional speakers and authors. They made and will make their money by writing and speaking-selling their books. Audios, and DVD’s. Most are very good at their craft. But while their materials are entertaining, they are also quite similar, predictable, and provide only short term motivation. Mentoring is an ongoing process of insight and motivation.
What is valuable is to find real people who are actually in their fields, other industries, other endeavors that have made millions by offering value through their service and or tangible products. These people have become successful, not by going to the library, oh no. They became successful by struggling their buns off for years, and gaining experience that has not been recorded or published, other than on rare occasions. That experience is something you should know. Each person should pay a corresponding dollar amount for that value. Mentoring from very real millionaires not authors and speakers, but from the mouths of the people who lived their unique and amazing stories is priceless and could change your life.
Mentoring from someone who has gone bankrupt building their business, some multiple times is different. Their business was built by making mistake after mistake and yet they prevailed. Knowing their mistakes, their struggle, understanding what “tenaciously prevailed” really means along with the corresponding lessons that resulted from those real life experiences is of value.
Personal contact with millionaires alone is huge. Why do you think people join country clubs that cost $150,000? It’s not just the golf or tennis. They do it because contact with these people is of value. They know things, concepts, strategies, and people you don’t.
Mentoring is the lever that delivers the insight to dislodge the burden of mounting debt, small thinking, small income, insignificant pay raises, inflation, rare vacation time, little to no savings, the pain of unexpected expenses, and stagnant unfulfilling careers. Those who scoff at the concept of independence and much greater income potential will not win. They will either wake up to the importance of mentoring, change, business acumen, entrepreneurship, and the power of genuine faith, or they are doomed to repeat the same results they experienced last year.
Procrastination
Procrastination
Procrastination (often linked to perfectionism) is the avoidance of an action or task. For the person procrastinating this may result in stress, a sense of guilt, the loss of productivity, the creation of crisis, and the chagrin of others for not fulfilling one’s responsibilities or commitments. While it is normal for individuals to procrastinate to some degree, it becomes a problem when it impedes normal functioning. Chronic procrastination may be a sign of an underlying psychological or physiological disorder.
Key Reasons of Procrastination
Perfectionism-Avoiding getting into a situation that would reveal imperfection.
Fear of Failure- Nervous about other’s reaction.
Inability to Prioritize- Jumping from one task to the other instead of working on the most
To least important.
Inability to Make Decisions- You need to make the right decision, but you need to make a
Decision.
Distractions-Anything that is not work related.
Unpleasant- Anything unpleasant is more easily put off.
Complexity- Projects that are complex can feel overwhelming if not taken a bit at a time.
Outcome of Procrastination
When you put off something you need to do, then you get behind. When you get behind, you get depressed. When you get depressed, it reduces your energy. The farther you fall behind the more depressed you get. Procrastination leads to depression. Depression leads to procrastination.
Overcoming Procrastination
The first step in overcoming procrastination is knowing what you want. This is true in both your personal & professional life. If you have not decided what you want, it is easy to stray from one project or dream to the other.
The next step in overcoming procrastination is to take action. Most people know what they want, but are afraid to do what they know they need to do. Fear is the most common reason for procrastination. If you did not feel that failing would be more uncomfortable than not trying, why wouldn’t you do it?
Take that huge task and break it into little pieces. Organize those little pieces into an order of importance. Do the most important to least important project until all are done.
When you have completed this big task you gain self confidence.
Take that first step. Even if it is small, you have already started the project.
People that are successful in any endeavor are not necessarily lucky. They have overcome procrastination by looking at the results of a project, not the task of doing it.
If your focus is on the painful task of doing the project, rather than the benefits of it’s completion, you will likely procrastinate.
References
1. Procrastination.(http://wikipedia.org.)
Procrastination (often linked to perfectionism) is the avoidance of an action or task. For the person procrastinating this may result in stress, a sense of guilt, the loss of productivity, the creation of crisis, and the chagrin of others for not fulfilling one’s responsibilities or commitments. While it is normal for individuals to procrastinate to some degree, it becomes a problem when it impedes normal functioning. Chronic procrastination may be a sign of an underlying psychological or physiological disorder.
Key Reasons of Procrastination
Perfectionism-Avoiding getting into a situation that would reveal imperfection.
Fear of Failure- Nervous about other’s reaction.
Inability to Prioritize- Jumping from one task to the other instead of working on the most
To least important.
Inability to Make Decisions- You need to make the right decision, but you need to make a
Decision.
Distractions-Anything that is not work related.
Unpleasant- Anything unpleasant is more easily put off.
Complexity- Projects that are complex can feel overwhelming if not taken a bit at a time.
Outcome of Procrastination
When you put off something you need to do, then you get behind. When you get behind, you get depressed. When you get depressed, it reduces your energy. The farther you fall behind the more depressed you get. Procrastination leads to depression. Depression leads to procrastination.
Overcoming Procrastination
The first step in overcoming procrastination is knowing what you want. This is true in both your personal & professional life. If you have not decided what you want, it is easy to stray from one project or dream to the other.
The next step in overcoming procrastination is to take action. Most people know what they want, but are afraid to do what they know they need to do. Fear is the most common reason for procrastination. If you did not feel that failing would be more uncomfortable than not trying, why wouldn’t you do it?
Take that huge task and break it into little pieces. Organize those little pieces into an order of importance. Do the most important to least important project until all are done.
When you have completed this big task you gain self confidence.
Take that first step. Even if it is small, you have already started the project.
People that are successful in any endeavor are not necessarily lucky. They have overcome procrastination by looking at the results of a project, not the task of doing it.
If your focus is on the painful task of doing the project, rather than the benefits of it’s completion, you will likely procrastinate.
References
1. Procrastination.(http://wikipedia.org.)
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