Some decisions we make very fast, like grabbing a bowl of cereal for breakfast, while we agonize long and hard over others. Often we're good at making quick choices for things we either consider unimportant or without long-reaching effects or things we decide frequently. It's easy to pick something to wear to work, or what to make for lunch.
When we feel that a decision is critical, hard to reverse, or has long-reaching consequences, we are more prone to think long and hard about them. That even applies to decisions we're usually able to make quickly without much agonizing or worry. Take picking what to wear for example. We're perfectly capable of making those decisions in no time. However, when we're dressing up for an exciting date, or a crucial interview for a new position, we put a lot more thought and effort into the decision. Often we agonize for hours, trying on outfit after outfit. The task hasn't changed. We're still "just" getting dressed. What's changed is the potential outcome of a romantic relationship or a better job.
Putting more thought into important decisions isn't a bad thing. It's something we should do. The problem arises when we go too far and start to fear the decision making. In turn that can lead to procrastination. We simply don't decide at all.
Let me illustrate why that can become a problem.
Let's say you're offered a 401K plan at work and want to participate. You're excited about the option to start saving for your retirement, and you get all the applicable brochures and forms from your HR department. You're moving right along filling out the application when you come to the part where you need to choose an investment fund. It's an important decision that can make a difference between having a little or having a lot of money to live on in your old age. So you agonize about it, and you study, and you ask advice, and you procrastinate. The bottom line is that you're not saving a single penny for retirement and it's not earning any interest while you're delaying. In short, you're much worse off than if you make a less than an ideal decision about your 401K.
Instead of fearing decisions and procrastinating on making them, I want you to get comfortable at gathering information, taking advice, and then using all that to make confident choices quickly. That's what this guide is all about. I promise this new skill will come in handy for more than deciding on your 401K fund or what outfit to wear to your next hot date. It's a skill that will serve you well time and again in both your personal life and your career. After all, making right decisions quickly and with confidence is one of the essential traits of a competent leader.
In this guide, we take a look at why confident decision making is such an important and powerful skill. Then we go over some tips and strategies for making better decisions before wrapping it up with some quick decision-making skills. Right now I want you to make the smart decision to dive deeper and commit to studying the following pages and most importantly applying what you're learning right away.
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