Urgency is similar to diligence. While diligence is about doing everything to your fullest ability (all your effort and enthusiasm), urgency is about doing as much as you can, as soon as you can. Diligence is quality, and urgency is quantity.
Believers are meant to live urgently. To be urgent is to:
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Prioritize things that are productive for the kingdom.
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Do things that help you grow, things that help other believers grow, and things that help unbelievers get saved.
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Think like your days are fleeting (Psalm 90:10-14) so that you don't waste time (Ephesians 5:15-18).
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Without urgency, time certainly goes to waste because you're not accomplishing as much as you could in a day. “If I'm not accomplishing as much as I can, I'm wasting time.”
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Think like Christ could come any day (2 Peter 3:10-12).
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The end could come at any time, so accomplish as much as you can in a day.
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Always take action early—if you can, sooner rather than later. The best time to do something is now. (See Psalm 63:1 + many references to Old Testament characters doing things “early in the morning”).
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Examples: If you want to contact someone, do it today. If you want to start exercising or fasting, do it today. Don't wait to do things if you don't have to.
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Jesus did everything "immediately" (see Mark 1-2) and He accomplished everything He could in a day (John 9:4).
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Remember, it is sin to do tomorrow what is in your power to do today (Proverbs 3:27-28, James 4:17).
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Remember that sin and evil only get worse the longer you wait to do what you know is right (see Ecclesiastes 8:11).