Procrastination is the tendency to delay unpleasant but important acts: the arduous trek to the gym, switching to a cheaper insurance policy, and writing thank-you letters. Even New Year’s resolutions won’t help you here.

When we keep self-control, it uses our Willpower, and willpower to get depleted over some time so that after using lots of willpower, it will become difficult for us to perform a mental task that requires huge mental efforts. We have to keep saving ourselves from energy-drained distractions so that we can put proper effort into the necessary things.

“While we waste our time hesitating and postponing, life is slipping away.” – Seneca

A lot of the time we hear the excuse that people often love leaving things to the last minute. They justify their actions by claiming that they are most productive under pressure.

However, scientific studies show that the opposite is true. Putting things off until the very last moment creates fertile ground for stress, guilt, and ineffectiveness.

Investment – When we have made an investment philosophy, it will become difficult to follow. Because when outside of our philosophy stocks keeps generating returns then it uses our willpower to keep self-control. And when we need to deal with stocks that fall under our philosophy, we are not able to make efforts.

The good news is: to achieve this, all you need to do is refill your blood sugar and kick back and relax. We can refill willpower through good sleep, and by doing things that we like.

This entire series will be reviewed with various examples from books which are “Thinking, Fast and Slow” and “The Art of Thinking Clearly“.