How much deferred maintenance are you accumulating in your life?

If you’re wondering what deferred maintenance is, then great, let me explain.

The concept of deferred maintenance is most commonly used in real estate. Deferred maintenance is the practice of postponing maintenance activities such as repairs in order to save costs or time. However, the risk of doing so could lead to asset deterioration and ultimately asset impairment.

If you’re still a little confused and wondering how this might apply to you then please allow me to add some clarity.

Deferred maintenance can apply to a variety of areas in your life. If you defer investing in your health then over time, it will deteriorate, and the same applies to your relationships, your finances, and even your mental or spiritual wellbeing. The idea that you can put off or indefinitely postpone taking care of the critical areas of your life will indeed lead to impairment in those areas.

Now obviously, in real estate it’s inanimate objects that are deteriorating and, in most cases, they can be brought back to acceptable or working conditions with the investment of resources. But in life, if you let your health or relationships deteriorate, there’s a high probability that there will come a time when they are beyond repair.

So how do you avoid falling into the trap of deferred maintenance of your life?

Continuous and consistent investment in the things you say you care about.

If you say you care about your health, then invest time in staying healthy. If you say you care about your relationships, then invest time in your relationships. Whatever it is you think or say is important to your life, invest in it. Because if you don’t, then eventually, due to the accumulation of deferred maintenance, you will have to deal with the consequences of all that you neglected along the way.

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