Personal Finance Ology

I find it imperative to talk about the decision making process when speaking on personal finance. I’ve noticed with my past experiences and the experiences of most of those that come to me for advice that the bulk of our financial troubles start from the types of decisions we make with our money.

An important note I always make is if we are choosing to instantly spend money for immediate gratification then it is probably not the best idea. Think about the results of your choosing instant gratification. What was the outcome? Were there any benefits? Were there any regrets? Usually we find ourselves at a loss after the gratification has swiftly passed.

As with anything if it is worth thinking about and planning that means it will in turn bring about a lasting result do to our diligent research. However, anything that we instantly jump into with any thought but just the need to satisfy our hunger, we usually only get that…a satisfied hunger for the thrill but no financial gain.

Due to the importance of this topic I have decided to dedicate a few posts to making smart decisions and the process that goes along with responsible and profitable decision making.

Image by Dusty M.

Related posts:

1. Decision Making 101: Step One The Way We Make Decisions
2. The Real Importance
3. Misperceptions About Getting Out Of Debt
4. Stop and Smell the Roses
5. Debt Management