I would lose a lot of money this way:

You know that rewards and punishments can be effective in building good behavior.

This theory can still be the backbone of a very effective strategy — once you take that pesky “you” out of the equation.

Give your friend $100. If you get the task done by 5PM, you get your $100 back. If it doesn’t, you lose the $100.

So here’s the chronic procrastination knockout punch:

1) Manage your mood throughout the day. Do the little things that keep you positive. Get enough sleep. Eat regularly. Take breaks.

2) Make your list of to-do’s with the terrifying stuff at the top and the easier stuff at the bottom.

3) Do a one minute dash and write out the steps needed to beat the first problem. This should help you get past the fear and start building momentum.If the dashes aren’t working, they’re not short and easy enough.

4) Still too difficult? Use positive procrastination and do one of the things lower on this list, rather than #1.

5) Establish your commitment device. Hand your friend that money, your most cherished possession or whatever has the most painful downside you can think of. The default position must be that you’re already screwed and need to un-screw yourself. If the commitment devices aren’t working, they’re not scary enough.

After that, just loop 3-5.

With enough practice, these become habit and that’s the goal.

Read more: http://time.com/2901775/how-to-conquer-procrastination/