How to stop procrastinating and make more money

Procrastinate – verb (used without object) 1. to defer action; delay: to procrastinate until an opportunity is lost.

–verb (used with object) 2. to put off till another day or time; defer; delay.

 

It is a crutch to millions of people everyday. At some point in time everyone has procrastinated on a task they needed to complete. Unfortunately, I have a real issue with putting things off and it has cost me money. When it comes to ridding yourself of that burdensome debt you have to be diligent in not procrastinating.

 

So I am going to show you 3 things you should not procrastinate on and if you follow these steps you should have an increased quality of life and money in your pocket.

 

 

This one is a no brainer. The longer you take to pay down your debt the more interest you will end up paying in the end. This is just not smart. 

 

Let’s take it a step further. For every month that goes by without you paying down you debt that is money you could be saving and earning interest instead.

 

With the interest rates at all time lows now is the time to speed up the debt repayment.

 

When the rates start to go up again you will have less debt and more income to put into savings at those higher rates. 

 

So in review, do not procrastinate on paying off your debt. Either take that low balance and pay if off quickly so you feel like you have accomplished something and tackle those high balances with the higher interest rates. It really is up to you in how it makes you feel.

 

 

 Having low self-esteem and high stress is not a good mix when trying to become financially secure.

 

If you are in the wrong job both these health issues can become a major deterrent in your end goal. According to the Conference Board, less than half of American workers are happy with their jobs.

 

You would think in an economic environment that we are currently in most people would be happy to have a job but it does not change the fact that if you are unhappy with your job you will be unhappy.

 

Procrastination can lead to stress and low self-esteem so make it a point to start looking for a new job immediately.

 

And start looking when you still have a job. It helps with negotiations and makes you a more attractive candidate.

 

 

As we discussed earlier about the record low interest rates, let’s talk about your mortgage. 

 

If you have the opportunity to refinance your mortgage at a lower rate what are you waiting for? It is probably your single biggest monthly payment. Now is you chance to lower it.

 

If you can possibly reduce you payment by $200 per month, that is extra income to spend or save every month. It’s like giving you a raise. Who does not want a raise?

 

Procrastinating can cost you a chance at these low rates and if you wait you might not qualify to refinance. Job loss and another drop in housing prices can also become a factor.

 

Let’s become proactive and stop procrastinating!