Write down your long-term goals. You can do this exercise on paper or in your note-taking tool of choice. Create a list of all your long-term goals, whether there are things you want to achieve this year or over the course of the next few years. When faced with a choice between different rewards, refer back to your list to ensure your goals are not overshadowed by the lure of instant gratification.
Follow the Ten Minute Rule. If you need to complete a task but find yourself procrastinating, tell yourself you will start it right now for just ten minutes. Once you get started, you will probably find yourself in a good state of flow, which means you may work at it for much longer than ten minutes. The Ten Minute Rule will reduce the impact of the present bias on your productivity.
Delay new purchases until tomorrow. Did you find a shiny new toy you feel like you need to buy? If you’re in a physical store, snap a photo or the product; or copy-paste the link to your note-taking tool if you’re in an online store. Leave it until the day after to decide whether you still want to make the purchase. The extra friction will lower your impulsivity levels and allow time to make an informed decision.
Strategies to manage the present bias
Write down your long-term goals.
Delay new purchases until tomorrow.
Once you get started, you will probably find yourself in a good state of flow, which means you may work at it for much longer than ten minutes. The Ten Minute Rule will reduce the impact of the present bias on your productivity.
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