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The Secret to a Successful Life? Have Zero Tolerance for Wrong Decisions

The Secret to a Successful Life? Have Zero Tolerance for Wrong Decisions

Life is full of decisions. Whether we choose this over that, we make a decision and its impact comes afterwards. From time to time, we encounter situations where we need to make a decision. And the decision could have led us to fortune or failure.

Meet Joe Green,[1] the former roommate of Mark Zuckerberg, the current CEO and founder of the Facebook. Instead of dropping out of the university with his roommate to work on building a potential social networking site, he listened to his father’s suggestion to focus on his studies and obtain his degree.

Well, he had never realised this seemingly rational decision would cost him $100 billion, the current valuation of Facebook. What if he followed his gut feeling and took a more risky path? It would be an entirely different story!

Decision making is the most important life skill we should keep improving. Whether we are successful or happy in life is determined by the right decisions we make consistently.

And most importantly, there’s a way to do it!

Common Struggle: Should I Trust My Gut Feeling or Make Careful Calculations for the Right Decision

We all have times struggling to make a decision, especially the important ones. And we are usually caught at a crossroads, wondering whether we should trust our gut feeling or make careful calculations to draw the conclusion.

Most often, we believe that logical reasoning can bring us to the right destination.

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But while we’re trying so hard to make the RIGHT decisions, isn’t it more important to take a step back and ask ourselves: can the reliance on logical thinking help us make the decisions BEST for us?

No, indeed.

Imagine you’ve got some really good grades in public examinations. Logical reasoning would tell you to pursue degrees like law and medicine, based on the expectation that these professional qualifications could bring us to a brighter future.

However, despite that it could be true financial-wise, we are overlooking our interest and whether we will be enjoying our study in those fields. Ultimately, we may earn a lot (if we can make it to graduation). But there is a even larger possibility that we will end up wasting our time pursuing something we are totally uninterested in.

What if we have listened to the voice in our heart and take an alternative path to study what we enjoy and like? We would have reached a higher position and enjoyed our times in college.

You may think we are suggesting that you should follow your gut feeling when making decisions. Yet, in fact, whether to make decisions based on gut feelings or reasoning is not the key point.

It is how much you understand yourself that determines how likely you can make the right decisions.

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Only Self-Understanding Can Give You The Most Reliable Guidance

In our decision-making process, we always seek external information to guide us. This includes the advice and opinions from people we know, people with expertise in the field or people we can trust.

When it turns out to be a wrong decision, we blame them for misguiding us and the advice is inaccurate. We completely exclude ourselves from the consideration of options ahead.

Actually, knowing ourselves better can help us judge whether the given piece of advice or information is valuable or not more accurately.

None on this planet knows ourselves better than we do. And self-understanding is like a yardstick to help you assess the information or advice collected.

General norms are irrelevant to decision-making. People advise us by considering the social norms and think from their perspective instead of ours. When weighing pros and cons of a decision, we should not do it objectively or base on the general norms, after all it is all about us.

Remember, people who make right decisions consistently may not be the ones who are the smartest or the luckiest. They are, indeed, the ones who thoroughly understand themselves.

Understanding Yourself Is Toughest Challenge You Could Have, But You Can Nail It with These 4 Steps

Now we know we have to thoroughly understand ourselves. But it is easier said than done. One may think that we are born knowing ourselves and this is definitely not the case. Our subconscious minds always come into play and affect what we do and how we think without even us noticing. In fact, we may even live our lives without actually knowing who we really are.

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Self-understanding is an abstract concept. The notion taps into intangible things like our values or beliefs and understand your priority, strengths and weaknesses. And to start from something abstract is really challenging so here we provide a concrete step-by-step approach to draw a profile to know ourselves better. Remember to be honest to our own selves.

Step 1: Myers-Briggs Personality Test

If you are stuck with where to begin, try the Myers-Briggs Personality Test, it offers an analysis on your personality types and groups them into 16 different categories. The test consists of questions and statements and ask for your opinion on a scale of agreement. By taking the test, you will know who you are in a broader sense.

Step 2: Strengths and Weaknesses

Ask yourself on what areas you are good at and what you are not. It is even better if you can provide examples to illustrate the traits respectively. You can also ask your friends and family members the same question and compare their answers with yours. You will be amazed by the difference between how you see yourself and how they see you. Discuss with them why they have such an impression of you to investigate the reason.

Step 3: Priorities

Everyone weighs things in their lives differently. By putting yourself into typical scenario, you will realise what is more important to you. For example, if your house is burning down, what would you do and who would you save? You will be astonished by your way to prioritise things that you never know you do.

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Step 4: Strong Emotions

Recall your experience when you have really strong emotions. It can be the time when you are really happy or really furious. Once you identify the incidents , you can then look into the reasons why strong emotions are triggered. What exactly made you so angry? What in particular delights you? By checking these experience, you can understand yourself more about what affects you the most emotionally.

Look Further! There Are Always More Options

After having thorough understanding of yourself, you should explore more options when making decisions. If you stay with the options in hand, they may be good for you. But if you further explore other alternatives, you may find some that are GREAT for you.

While we are collecting information for the existing options, we may come across with other alternatives. Never leave them aside. They may be the best fit for you.

There can be numerous paths leading to the same destination. But some of them are shorter and some take less effort. You should never limit yourselves in picking a new road to go.

When you are looking for other possibilities, it is the time to let your imagination go wild, brainstorm with the additional information gathered and generate as many options as you can. At this point the feasibility is not of concern. You will weed out the improper ones later.

Living without realizing who you are is pitiful. Mourning on the wrong decision you made is even more so. Thus, start building your own profile now and avoid being the next Joe Green!

Reference

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Jeffrey Lau

Editor. Sport Lover. Animal Lover.

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Published on August 4, 2020

How Smart Goal Setting Helps You Make Lasting Changes

How Smart Goal Setting Helps You Make Lasting Changes

SMART goal setting is one of the most valuable methods used by high achievers today to actualize their life goals time after time. SMART goal setting is the inverse of random or carefree goal setting without strategy.

Perhaps, you’ve always wished to get back in shape, get an annuity, or take control of your finances, but you failed to act. When you approach your goals with a care-free and nonchalant attitude, you’re less likely to achieve them.

You should have a strategic goal setting method in place, and learning how to set smart goals is imperative in this case. The method is time-tested and purposeful, meaning it can help you achieve your goals now.

To achieve your goals consistently and join the pack of high achievers out there who have consistently achieved many of their goals, you must be prepared to do what these people have been doing, and be ready to do the right thing: SMART goal setting.

What Is the SMART Model for Setting Goals?

SMART goal setting is a goal-setting method that considers certain factors about a goal relative to the person setting it. These factors are simply the five different letters in the SMART acronym for goal setting.

It is relative to the person setting the goal because what is true for A may not be true for B; or what is possible for A or within A’s ability to achieve may not be possible for B or within B’s ability to achieve.

What does the goal setting acronym SMART stand for?

  • S—Specific
  • M—Measurable
  • A—Achievable
  • R—Realistic/Relevant
  • T—Time-bound

Is it possible that this acronym can make a long lasting impact in your life?

Is it possible that a mere goal setting metric like SMART can help you achieve so many of your unfulfilled goals?

Is it possible that if you practice SMART goal setting, you will be able to have faster results, understand your goals better, overcome the habit of procrastination, and achieve a lot?

The power to achieve your goals is in your hands.

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It is important to extend the inquiry by asking: How many times have you said you’ll do “X,” but failed to do so?

We all have goals, and we all have 24 hours each day at our disposal. While some people find it easy to achieve their goals without procrastinating, some find it difficult to do so.

For some people who have succeeded again and again in achieving their goals, they have simply found an easy way of doing this. Is there something they know that you don’t?

How Smart Goal Setting Makes a Lasting Impact

Smart goal setting examples can be found all around you. Through SMART goal setting, Stephen Cooley was able to grow his real estate business to the point of closing at $110 million in sales when the average price point of homes was between $100,000 – $200,000 in South Carolina[1].

Through SMART goal setting, Steve Jobs was able to improve the fortunes of Apple and prevent the company from going bankrupt, even when it had barely 90 days left before being declared so.

SMART goal setting can make a lasting impact in your life in several ways.

Make Your Goal Clearer

When you use the SMART criteria to set goals, it is easier for you to understand the various phases of your goal.

By using SMART goal setting, you’re able to ask yourself relevant questions pertaining to your goal.

Motivate You Into Acting on Your Goals

When you use SMART goal setting and break down the goal into smaller goals or milestones, the bigger goal no longer looks intimidating or impossible.

Jack Canfield, co-author of Chicken Soup for the Soul, wrote in his book How to Get from Where You Are to Where You Want to Be about how they applied the rule of five in marketing their book, Chicken Soup, and were able to make the book a best seller after some months[2]. The rule of five simply means doing five specific things every day that will move you closer to achieving your goal.

In order not to be overwhelmed, you would have to measure your performance using the right metrics. Here we are considering the Measurable and Achievable aspects of the SMART acronym. It is critical that you measure yourself in terms of lead measures.

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What are lead measures? They are the things you do that leads you closer to your goals. On the other hand, you would have to avoid “lag measures.”

While lag measures mean a successful outcome that you wished for and got, they can be emotionally draining and deceitful because, whenever they don’t happen, you can become discouraged.

Therefore, it is better to stick to lead measures.

Help You Save Time

You can achieve more when you use SMART model goal setting.

To be strategic, your goal would have to be specific, measurable, achievable, realistic, and time-bound. If you can’t identify any of these points in your goal, you probably will be wasting your time on a wild goose chase.

When your goals are written down, it’s easier for you to go into action mode.

Improve Your Self-Discipline

Self-improvement is an important thing for everyone to do periodically. When you set SMART goals, it makes you realize that you have to sit up and work on achieving them.

How to Set SMART Goals

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    To make your SMART goals work, use the following tips:

    Specific

    Every goal ought to be specific. It is important to guard against making vague goals because even when they have been achieved, you may not know. This is because you weren’t specific enough.

    For example, “I will start planning toward retirement” is vague. Rather than write that, you could say, “I will start planning toward retirement by starting an annuity plan.” This is more specific.

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    When you are specific on your goal, it’s easier for you to identify all its components and work accordingly toward achieving it.

    Measurable

    Your goals must be measurable. When they are measurable, it’s easier for you to follow through.

    A goal like this is not measurable: “I want to make millions of dollars.” You can make it more measurable by saying, “I want to make one million dollars selling one hundred thousand copies of my book at ten dollars each.”

    Also, using our SMART goal setting examples while explaining the Specific acronym, you can make the goal more measurable by saying, “I will start planning toward retirement by starting an annuity plan and saving $500 every month.”

    Achievable

    How realistic or actionable is your goal? Is it practical enough to fit into a given time frame? Is it something you are able to achieve in your capacity?

    You would only be setting yourself up for failure if you sets goals that are not reasonable.

    A goal like this is highly unrealistic and, therefore, not achievable: “I want to be the Governor of Texas in six months,” especially since the elections will be coming up in three years.

    Goals must be written down relative to the experiences of the one setting them. They must resonate with you. It is important that you have at least some of the resources needed to actualize this goal.

    It is also important that you consider your time frame. When the time frame to achieve a complex goal is too short, it is rare that such goal will be completed.

    Thus, using our previous example, if you write “I want to make one million dollars in ten days selling one hundred thousand copies of my book at ten dollars each,” you would only be setting up yourself for failure.

    This is especially true if you’re not a popular author or if you’ve never sold even up to one thousand copies of any of your previous books, whether e-copy or in print.

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    Realistic/Relevant

    Before you proceed to making the commitment toward that goal, you need think about how realistic and relevant it is.

    Being realistic means you should be willing to make all the commitments required for that goal to be achieved. If your goal is relevant, it fits into the life you’ve imagined for yourself.

    Time-Bound

    Every goal must have a commencement date and an end date written down. It is also important that you break down your goals into phases, chunks, bits, or milestones.

    The act of having deadlines set to your goals is ample motivation that drives you into action. Without a deadline, it is not possible for you to know if you’re making headway with your goals.

    “I will start planning toward retirement by starting an annuity plan and saving $500 every month for the next twenty five years” is a time-bound goal.

    Remember that some goals are short-term while some are long-term. It is important to always bear this in mind, because this will help you in making a clear and realistic strategy when SMART goal planning.

    Without SMART goal setting in view, much of our goals may likely end in our minds, on paper, or just midway into implementation. SMART goal setting reveals to us all the action points of our goals and helps us to have an awareness of every aspect of our goals.

    The Bottom Line

    What matters at the end of the day is what you do with the contents of this article because the power to achieve your goals is in your hands.

    It is not enough to have a goal. It is not enough to put it down in writing. It is important to have a strategy in mind while putting it down. This strategy is a guideline or set of rules that point you in the right direction. It is SMART goal setting in the given circumstance.

    After writing down your goals, you will have to be ready to take action. There should be a clear action point. Write down what you need to do on daily, weekly, or monthly basis.

    When your goals are realistic, they make them worth the chase. One of the things to bear in mind is that, in order not to be overwhelmed by the daunting nature of your goals, remember to always break them into milestones, chunks, or bits. In fact, take one day at a time.

    Do not bother yourself with the one-year, three-year, five-year or ten-year plan as this may likely overwhelm you with fear and doubt. Let your focus be on each day. What will I be doing today? Consider this and go for it.

    More on the SMART Model for Setting Goals

    Featured photo credit: Kelly Sikkema via unsplash.com

    Reference

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