Personal Finance Ology

A lot of the time, we tend to make a decision based on how we feel before we have gathered any information that will help us to make a calculated choice. Or we may base our decisions off of what our mentors have done or what we think we are supposed to do. These are a few ways we make decisions which can prove to be costly or profitable.

The most important thing to remember is there is no one certain way to make a decision. It should all be based on your desired destination and you should seek out as much information as possible. The more we learn about the different parts of decision making the easier it will be to make decisions that will be the most beneficial.

The ways we make decisions will vary from time to time and some are least likely to get you where you want to be than others. For instance, when you use intuition in making your decision you are pretty much throwing your chances to the wind and choosing to let the outcome be out of your control. I understand the term “go with your gut feeling”, and have even used it in the past, however this isn’t a decision making option I would recommend.

It doesn’t allow you to educate yourself on the outcome and is a lazy way of making a decision due to the lack of effort exerted.

Another way we make decisions is through patterns. We continue to make decisions the way we always have. The way we were taught by our parents or through habit. This way only leads us in a circle and keeps us from ever seeing change or advancement. Finally, there’s the logical way we make decisions. This is where we weigh our options, view the pros and cons and make sure that we are going to get our desired result. This is the way we want to train our minds to make decisions. It is an educated approach that allows us to almost determine the outcome.

Smart decision-making is all about making good judgments. If ever you are at a point of not knowing why you are about to make a decision be sure to take a minute to stop and evaluate it. Analyze the type of decision it is and then choose to logically make the decision by assessing the pros and cons and selecting the answer that gives you long term success. This should open up some thought and keep you from feeling the effects that will come if you simply choose to emotionally decide.
For some the smart decision-making process will cause feelings of fear or uncertainty. Due to the old conditioning and poor decision habits that we are used to taking, a step onto new ground may seem daunting and may cause some concern.

The more personal the decision the harder it may become to make a wise decision over one that will bring some kind of instant happiness. In these types of situations we tend to slip out of objective thinking which keeps us from thinking clearly.

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