“We can choose a path that leads us into trouble. It all comes down to our decisions at the end of the day.” – Gabby Douglas
Don’t let the challenge of making money decisions lead you to make costly wrong decisions. As people, we typically prefer to make no decision when we don’t know what to do. The problem is that sometimes not making a decision is the wrong thing to do.
Some people don’t like to make decisions because they are afraid of making a wrong decision or they don’t have enough information to feel comfortable making a decision. Sometimes not actually making a decision is the right thing to do but sometimes it is the wrong thing to do. Nothing is easy!
We’ve all heard that we shouldn’t have the “deer in the headlights” syndrome, where we literally become so paralyzed with the fear of making a wrong decision that we don’t make any decision at all – and because of that, end up letting some very good opportunities pass us by. The cost of not making a decision can actually be quite high. Jobs, investment opportunities, and countless other things can be lost by not making decisions. With that in mind, it is important to weigh the advantages and the drawbacks of a potential opportunity, and then determine whether or not the opportunity is the right one for you.
Most people have trouble making money decisions. People don’t like to lose money since the agony of losing money is worse than the happiness of gaining money. Even so, you should not allow this to stop you from making good financial decisions and taking on good investment opportunities. Don’t let the challenge prevent you from making wise decisions.