Learn more about productivity with this collection
Identifying and eliminating unnecessary expenses
How to negotiate better deals
Understanding the importance of saving
Why pacts work
A pact, like a protest slogan, is urgent, specific, and has a serious and unavoidable consequence.
Follow the following format of a good protest slogan to create an effective pact. 👇
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What Is A Pact?
A pact is a precommitment to an outcome that acts as a firewall against distraction. You can think of it as a sort of “habit bet .” It helps you stay on track by setting huge consequences if you don't.
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How Does It Work?
This technique nearly guarantees you’ll follow through on any commitment you choose to make. As Nir Eyal wrote about in his book, he made a “burn or burn ” pact to finally get himself to start exercising regularly. His precommitment: He w...
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Or Else?
Define a consequence.
The most important part of a pact is the consequence of inaction. A precommitment acts as a firewall against distraction by imposing a cost to going off track. It’s the fear of not doing what you say, which provides the extra
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1. What do you want?
Name a specific action.
The best pacts are based on concrete behavior, not aspirations. Don’t set a vague goal like “live healthfully,” “save money,” or “spend more time with my family.” Name a very specific behavior you expect yourself to do.
For example, "I will write 3 pa...
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When do you want it?
Give yourself a specific time frame.
Deciding in advance when you will do what you say you will is called setting an implementation intention , and studies have found that it’s a critical step in accomplishing your goals. To ...
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Or Else?
Define a consequence.
The most important part of a pact is the consequence of inaction. A precommitment acts as a firewall against distraction by imposing a cost to going off track. It’s the fear of not doing what you say, which provides the extra
Distinguish urgent from important
A flawless to-do list is one of the keys to good multitasking. And the secret behind it is a thorough understanding of the differences between urgent (tight deadlines) and important (long-term sustainability) matters.
For instance, try applying the
Try making a budget
- Create a full inventory of expenses in front of you: Categorize them into fixed and variable; urgent and non-urgent; necessities and luxury; avoidable and unavoidable.
- You can create a hierarchy of needs and decide which one’s to address first. It’s all about prioritizi...
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