Procrastination

Many of us procrastinate over making decisions in our daily lives, whether the choices are trivial or highly important.

When we postpone the decision-making process, we essentially move back our mental deadline. This bad habit often begins during childhood (I'll get to my homework or chores later), extends into career (there's a better opportunity out there, but I'm comfortable where I'm at), and eventually our finances (a credit card bill arrives, I'll just pay the minimum, or I just don't have the extra money to invest right now).

Once you emerge from childhood and out of the watchful eye of your parents, it's then completely up to you to change your bad habits. Remember, a pattern of procrastination only becomes evident when someone actually calls you on your behavior.

I suggest taking care of important matters as soon as they come to your attention. Once you develop this good habit, you'll find a better flow in both your personal and professional lives. Sophisticated investors and traders will tell you they have practices and procedures in place to maintain their high standards of success.

Don't just meet or beat your deadlines -- instead, be willing to move them up. Not only will you avoid the stress of last-minute preparations, but you'll be reaping the benefits of investing and trading success for years to come.

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