Welcome to the 15th episode of The Let’s Reach Success podcast. Today we’ll talk about something we all struggle with – procrastination. It not only makes us come up with excuses, put things off for later and even never get them done, but we also leave behind our goals in life and don’t move forward because of that.
So in this episode of the show I’ll share with you the most common reasons why we procrastinate.
Imagine a world where procrastination doesn’t exist.
People won’t feel stressed, overwhelmed or upset just by looking at their tasks for the day. No one would complain about, analyze, fear or put off what needs to be done. They will just do it. By simply starting, being focused, doing a small part of it, and then the next one.
But that’s not the world we live in. Although it might be.
[tweetthis]We let procrastination – the desire to do anything else but the important task in front of us – control us.[/tweetthis]
It leads us to dark places, where we feel hopeless. We turn to distractions, face fear and anxiety, we don’t feel happy, we think and analyze too much and never feel accomplished.
We put things off for later. But later becomes never. And things don’t get done.
But if we really understand what’s going on when we try to start working on a task, we’ll see that it’s not procrastination itself, but other elements.
Like worrying about not having enough time to complete it, not being ready, or thinking we’re not good enough to do that. Having many other things to do, not being sure if it’s that important, not knowing where to start or what to do, not being sure if now is the right time, etc.
These are all excuses our mind comes up with. And they’re an illusion.
But if we eliminate them, all that is left will be us and the task. And when nothing can stop us from doing it, we’ll just start.
If you’re wondering why we procrastinate and what we can do about it, check out the episode.
How the big picture scares us and what to do about it [1:57]
The 3 things that cause lack of motivation (and how that leads to procrastination) [2:50]
What causes fear of failure [4:12]
The 3 types of procrastination and how that prevents us from getting things done [4:55]
What to do when we don’t know where to start (when facing a new task/project) [7:25]
What things from childhood are the reasons we procrastinate today [9:12]
Glad you joined me on the podcast today. If you want to hear a particular topic on it, leave a comment below and I’ll make sure I cover it in the future.
Also, if you enjoyed it, please share it using the social media buttons you see on the left.
Before I went full-time into blogging, I spent ten years in the financial services industry. Specifically, helping families buy the right type of life insurance.
During my time with a full-time job, I’ve always had different side hustles going on. From freelance writing, Amazon FBA, conversion rate optimization, to website design — there were many projects I pursued outside of work.
How did you start your career in finance?
I got started in finance straight out of college working for my the family insurance business. As I love the financial planning side of things, I choose to specialize in life insurance planning. This led me down the path to obtaining the CFP® Certification.
What made you start blogging?
The Ways to Wealth, which I started in 2016, has been my 5th blog.
The others mostly fizzled out most due to a lack of interest. But, in 2009 I started a personal finance blog called GenYWealth.com (no longer around) that had some success.
The idea GenYwealth.com was to write about what I was learning about studying to take the CFP®. The blog was, by all means, a success. I was able to gain valuable knowledge, pass the CFP® exam, earn some extra money and build up a good community.
I then took this knowledge and started a business blog, which allowed the insurance agency I was working for to generate leads.
I started The Ways to Wealth because my passion is personal finance–from investing to travel hacking, I love the challenge of optimizing my finances.
How was The Ways to Wealth born?
I didn’t have much of a plan for starting The Ways to Wealth when I purchased the domain name.
1) Write high-quality content that Pinners want to click through, read, and share.
2) Pin to my own and high-quality group boards, with a keyword-rich description.
3) Continue to Pin my best pins across my own boards/group boards, ruthlessly eliminating Pins that don’t perform well.
One thing to keep in mind is impressions don’t mean much on Pinterest. What counts are clicks to your website. So, you want to design not for impressions but clicks.
What aspects of the online business are you outsourcing or automating and how?
The first thing I outsourced was Pinterest design. I’ll design about 30-40 pins a month, so this was big time saver for me.
Of course, it took some work to get going. At first, I hired 5 or so people on Fiverr. I found one decent designer but the work quality deteriorated over time.
I then went to Upwork and posted a job for agraphic designer. I found a great team down in Argentina, who I’m very happy with.
I’m currently experimenting with working with a ghostwriter. A few of my latest posts have been transcribed from my recording, with the ghostwriter making sense of it all.
I can compile about 3 posts in 90 minutes, then take another 90 or so minutes to prepare them. Saving me around 3-4 hours per post this way.
What’s your main income stream and why do you think it works for you?
My main source of income for the blog is affiliate revenue. It works because the partners I do have are high-quality businesses, who deliver value and solve real problems. This makes it easy to naturally link to such a partner.
When did you start making more than $10K/month and what was the turning point?
My first month over $10K was in January of 2018. In December of 2017, income was around $3,000 and in July of 2017 around $500. So, it was definitely a jump.
What happened then in January?
First, personal finance is at its peak interest in January.
Second, I had multiple Pins go viral.
Third, in November I started driving traffic via Facebook to the site. So, in January I could take campaigns I’d been fine-tuning for a few weeks and scale them.
How do you balance work and family life?
I have a routine I stick to Monday through Friday.
When inside of my designated working hours, I work. When outside of these hours, I’m not.
This is a lot easier said than done. But the thing important for me is not to take work everywhere I go. This means I don’t have any apps on my phone that are work-related (email, analytics, etc..)
What are you 3 best finance tips for newbies?
Focus on your savings rate. How much you save is the most important decision you’ll make.
Small incremental improvements add up over time. My favorite example is increasing your savings rate 1% every quarter, means you’ll be saving 20% of your income in just 5 years.
Study happiness. Become a student on how to increase your level of happiness. The natural result is you’ll want less overtime, making the game of personal finance a lot easier to win.
What books, blogs or podcasts help you stay motivated along the way of growing an online business?
I read a fair amount to keep fresh ideas in my head.