Saturday, 31 December 2016

No More Procrastination in 2017!



Think, for a second. How much difference would you make in a year's time if you just make yourselves 1% better in a day?

Everyday, upon waking up, allocate time to learn new things, tell yourselves, that you will improve yourselves by just 1%. It could be improving your vocabulary, meeting new people, learning new skill set, reading a good book, working out your body. All you need to do in that day is just achieve 1% better than you were yesterday.

By simple calculation, you will have 365% improvement by the end of the year. That would means that you are 3.65 times better than you were by end of the year! what about if you insisted that 1% improvement on a single thing? It would follow a totally different equation then, as the effect would be COMPOUNDING.

1.01^365= 37.78 times.

if you could just run 1km by day one, Just by running 10 meter extra everyday, you will be able to run 37.78km by the end of the year!

Now, what would happen if you tell yourselves, " com'on, it's still early, i can always start next month, or two months later. By procrastinating for 60 days, you would think that you would be able to cover at least 30km? Nope, you are wrong. Look at the equation below.

1.01^305= 20.79 times

The consequence is , you would be able to cover almost half less by procrastinating for two months in a year. Now we are just taking running as an example. Now imagine in all other things that you do, what would be the difference when you tell yourselves "I would do it when I am free", "I am too busy for this", or "just tomorrow/next week/next month". How much progress you would miss?

Another example. Your friend has shown you a good business opportunity/investment with good track record of, let's say ROI of 10% a month. If you start right away with capital of 100,000 dollar, after 5 years, your net worth would be:

100,000 x 1.1^60 = 30.448 million

Imagine the scenario if you hesitated even after verified that all the details in the business proposal, and come back a year later. by the time of maturity, your worth will be

100,000 x 1.1^48= 9.7 million

Your difference for one year procrastination will be 30.448 million - 9.7 million = 20.748 million.

Look at the difference. even though this is just an example to illustrate the effect of procrastination, It may happen to your lives in many other aspects. Do not underestimate the damage of procrastination. You must know that, tomorrow vs disaster, which one will come to us first. Take every day as a blessing. Appreciate every second that we are given and make the best use of it. Do not take for granted and procrastinate when you ought to do something.

Wishing you a Happy and Effective New Year!

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