A while back, I read an interesting article from James Clear about something I wasn’t familiar with.
While I encourage you to click the link above and read the entire article, here’s the summary:
Akrasia is when you act against your own better judgement.
It’s when you know what you want or need to do, but you do something else instead.
It’s lack of self-discipline.
I think you probably get the idea.
And whether it’s calling your Dentist to schedule your next cleaning or tackling one or more financial issues in your life, I suspect we all battle the Akrasia effect in our lives.
I know I sure do.
And I see it all the time with clients and other folks I speak with.
We review their situation and agree that they need to do something. Maybe we even set a timeline to have it completed in the next 90 days.
90 days rolls around, and it hasn’t gotten done. Sometimes I hear excuses. Other times they simply say they know they need to do it, but just haven’t.
Think about the gazillion things you’re juggling in your life every day.
Now think about this — how many of those gazillion things are really just distractions or excuses you’ve created to put off doing the stuff that really needs to get taken care of?
The kind of thing(s) that will move you forward and improve your life. Or the lives of those you care about.
There might be a long list of personal to-do items you need to start tackling. Stuff around your home. Or in the yard. Or at church. Or with friends and family.
Or maybe it’s your estate planning. Or your insurance coverages. Or your taxes. Or savings.
Regardless of what comes to mind for you, I hope you’ll reconsider your priorities and focus on making progress (not perfection).
Now, don’t take this as a guilt-trip. I suffer from this affliction too. I don’t have it completely figured out.
But here’s a suggestion:
Start with 1 item or to-do per week. That’s all.
Don’t try to tackle everything at once, even though you may want to.
Just start with one thing. Then move on to the next.
One of the many benefits of working with a financial advisor is having some accountability and timely encouragement to follow through on things you’ve said you want to accomplish.
Especially the important stuff like your goals and aspirations for the future.
That doesn’t necessarily mean the battle against Akrasia will be any easier. But it might be helpful to have someone in your corner making sure you’re making progress.