If you don’t like where you are, change it. You’re not a tree.
Jim Rohn
Every human is striving to live their “best life”! Though, the image of “the best life” might be skewed due to our own assumptions, limitations, and mindset. Before you strive for something better, you have to believe, understand and imagine living a better life. So, you have to make a conscious decision to achieve more in life!
Personal finance is just a part of the equation to your success. Yes, learning to manage money is one of the key factors to increase your net worth. But you know what would bring it to the next level.? Improving yourself, improving your skills, becoming more marketable, choosing a side-hustle, being more decisive… in total, INVESTING IN YOURSELF!
You know how I also enjoy writing about mindset change. Investing in yourself is one of the key aspects of widening your horizons and exploring ideas. People tend to say:
- “I don’t have time for that”.
- “I cannot invest, because I don’t know how and where”.
- “I don’t have any ideas for a business”.
- “I don’t know what I want to do”…
And my answer to it is usually one word: “BULLSH*T!”. It all boils down to making a conscious decision to explore your mind, prioritizing and understanding the “Why” you want to do anything.
When you stop growing intellectually, creatively, professionally, spiritually or in any other area of life, that area immediately begins to die.
Dustin W. Stout
Till now, I’d assume you’ve made at least these decisions:
- Learning to manage personal finances
- a budget;
- Continuing to read the post;
- Subscribing to my blog to receive the notification of a new post first (shameless self-promotion insert here).
How to become better at making decisions?
Have you had the day when by the end of it you are fed up with making decisions? And then your friend asks you what you would prefer to do tonight? (The last straw to the bomb explosion!)
1. Make mistakes
Darius Foroux in his post “Want to make better decisions? Do this” marks two important points. Firstly, don’t be afraid to make mistakes. I know that’s one of my pitfalls! And don’t overthink it. Analysis paralysis is not your friend.
2. Make small decisions often
Secondly, make a lot of small decisions early on and do it often.
You can train yourself to make decisions! Or how I interpret is – change the perspective of painful decisions (divide and conquer strategy). Don’t let your problems grow bigger and make a decision for a change early on.
For example, if you identify you are having problems managing your paycheck, make your decision to change that now while you have a paycheck, no debt and a career. It will be much more painful to change that when you will be covered in debt.
3. Reversible vs. Irreversible Decisions
“Go fast, and break things!” has definitely been the Silicon Valley’s mantra. And the growth of companies, products, and innovation has been exponential.
How are they doing it?
Before making a decision, ask yourself whether the decision is reversible or irreversible. A reversible decision is like a two-way door. No harm is done, little if no cost, the decision can be made fast and based on little information. Basically, you can always start again, change your initial idea or improve it!
The irreversible decision though needs more input, they are consequential and strategic. But interestingly enough, how many life-changing decisions do we make per year? Just a few! To give you an idea:
- Increasing your consumer debt will leave you with consequences – interest and commission charges;
- Posting your naked selfie might be a bummer when candidating for a political office.
“Reversible decisions are not an excuse to act reckless or be ill-informed, but is rather a belief that we should adapt the frameworks of our decisions to the types of decisions we are making. Reversible decisions don’t need to be made the same way as irreversible decisions.”
YOU CAN BE GOOD AT DECISION MAKING! I have given you the tools to work with, whether you use them is your ice:
- Make mistakes;
- Make decisions before they become large problems;
- And evaluate the reversibility!
And if you made the right decision to read the post till the end, then CONGRATS! Be the exception, use these tools to make your life better, clearer and more successful!
If you’ve enjoyed this post, I’ll be glad if you’d subscribed to my newsletter to be notified first about the new post! Feel free to follow my Facebook page full of like-minded people reaching for their financial goals!
