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If You Follow These 2 Rules to Make Decisions, You’re More Likely to Succeed in Life

If You Follow These 2 Rules to Make Decisions, You’re More Likely to Succeed in Life

It’s estimated that we make about 35,000 decisions every day.[1]

These decisions include: what to wear, what to eat, and what to say. In the latter case, you’re likely to have to decide thousands of times a day on what you are going to say to others. This could range from ordering your morning latte at your local café – to putting your point across persuasively in a team meeting.

Decisions… Decisions… Decisions…

They are constantly needed for us to actively partake in life. However, were you taught how to make decisions at school? Probably not. It’s likely that you were also not taught that effective decision making is an essential component of success.

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To help you out, I’m going to give you a brief tour of what skillful decision making looks like, and how you can learn to do it.

You Don’t Need to Be a Know-It-All to Make Right Decisions…

There are two little-known methods of making great decisions. These two methods have been tried and tested over the years by the vast majority of the world’s most successful people.

Can you guess what these methods are? (Please compare your answers to what you’ll read below.)

Winners in Life Make Decisions Quickly

  • Indecision leads to mental fatigue. By making quick decisions, we can maintain our mental vitality, which gives us the best chance of making the correct decisions going forward. As an example… You need to decide on how to reply to a customer complaint letter but keep putting it off. This ongoing issue is likely to negatively impact any other duties or decisions that you need to make at that time. Instead, decide how to reply to the customer – and then write the letter.
  • Quick decisions put you ahead of your competitors. Imagine for a moment that you run your own company that sells computer software. Your industry is super-competitive, and you constantly need to offer new deals and new products to stay in the game. You hear about an exciting new piece of software that is trending across social media. However, you’re not sure whether the software will be a good fit for your business. You could choose to ‘wait and see’ how the software sells for other companies, or you could decide to take the plunge and become a reseller immediately. Luckily, you picked the latter, as the software proves to be one of the most popular releases for years. You won big, because you acted quickly.
  • Perfect decisions are a myth. I know what you’re thinking… Surely, if I spend time weighing up the pros and cons of a decision, I can come to the perfect conclusion? Unfortunately not. In fact, it’s a common misconception that a perfect decision is just waiting to be found. Think of it this way, if you seek the perfect decision, you are probably going to end up making no decision – and thus taking zero action. Successful people look for the best decisions, but they also understand that perfect decisions are few and far between. For example, if you’re looking for a new job, firstly decide what area of work you would like to do. Then narrow this down to specific roles. You may end up with just one role, but usually it’s better to keep your options open by having several alternatives.

Winners in Life Stick to the Decisions They Make

  • It takes time to see whether a decision was wrong or right. Let’s say that you want to move home to a city that you’ve always enjoyed visiting. You sell your current apartment, and then immediately purchase a property situated in the heart of the new city. After your initial enthusiasm has worn off, you begin to see the negatives: the city is noisy, it’s polluted, and you don’t know anyone. At this point, you could conclude that you made a bad decision. However, if you were to give the new apartment and city more time, you may change your mind. For example, you may discover quiet, green parks for relaxing in nature. You may also start to make friends with people you meet when you’re out and about. Eventually, you may come to love your new home.
  • It’s easier to make further decisions based on your initial decision. Career decisions are at the top of most peoples ‘difficult choices’ list. You may have one idea, but your partner or family may have other ideas for you. The secret is to reach a decision promptly – and then stick to it. This has a number of benefits. Firstly, once you have made a decision, you can get on with the required steps to achieve your career goals. Secondly, when you come across any challenges to reaching your goals, you’ll be able to take the necessary decisions within the context of your initial decision. This will help you to make the right choices – and with the least amount of mental effort.

5 Surefire Ways to Help You Stick to the 2 Rules When Making Decisions

While it may take some time to break your current habits, becoming a great decision maker is easier than you may believe.

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Implement the below methods, and watch both your decision making and success begin to reach new heights.

Set your decision criteria

The most important thing when it comes to decision making is knowing exactly what you want to achieve. If you’re not absolutely clear on your objectives, then it will be tough to come to any decisions.

Imagine that you were considering taking up a new hobby but had no idea where to begin. If you leave this to chance, you’ll probably end up doing nothing. A better approach is to analyze what you are already good at and enjoy. For instance, if you love listening to music, then learning an instrument might be a great hobby for you.

Stop endless information gathering

In today’s ‘information age’, we’re led to believe that researching all the facts and figures before making a decision is a necessity. This is okay, until you find yourself becoming addicted to unearthing more and more information about something. When this happens, you become a full-time researcher, and a no-time actioner!

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Break free from this ‘analysis paralysis’ by knowing when you’ve gathered enough information to make a good decision. You can see this demonstrated in detailed reports that always include an Executive Summary. For busy CEOs, the Executive Summary gives just enough information for them to understand an issue – and to make a decision on it.

Assess the risk/reward ratio

Every time you make a decision, there is a risk that something could go wrong – but also a reward if something goes right. Let’s say that you need to decide on a whether to accept a promotion at work. The new position offers more money, but also comes with more responsibility.

To make a decision on this offer, you would need to assess whether the extra money was worth the added responsibility. To give you another example, professional investors live by their chosen risk/reward ratio. Before each investment, they decide what the potential gains are, compared to how much they could lose. Only once they are happy with this ratio do they decide to invest their money.

Decide on a backup plan

However good your decision making, there will times when things go wrong (sometimes badly!). For this reason, it’s vital to always have in place a backup plan when making major decisions. Professional athletes are an excellent example of this. At any time, their career could be prematurely ended through injury. Because of this looming threat, most professional athletes have a backup plan ready to be actioned. This could be a university degree that will allow them to quickly move into a new career, or if they want to stay within athletics, then they may have taken the necessary training to become coaches or psychotherapists (for example).

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Create decision making habits

First-rate decision makers didn’t become that way overnight. Instead, they honed their decision making over months and years. You must do the same. Start by getting into the habit of making decisions promptly, and then sticking to them. If you struggle at first, then begin with small decisions, and then move onto the bigger decisions when you have more confidence to tackle them.

Outstanding achievers have learned how to be great decision makers. Fortunately for you, the secrets to their success have now been revealed to you.

Take this knowledge – and begin immediately applying it in your life. Decide to be successful. And then let all your future decisions lead the way to the top of Achievement Mountain.

Reference

More by this author

Craig J Todd

UK Writer who loves to use the power of words to inspire and motivate.

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Last Updated on January 24, 2020

10 Good Habits To Have in Life To Be More Successful

10 Good Habits To Have in Life To Be More Successful

Habits are behaviors and patterns that you showcase by default. They enable you to carry out crucial activities like taking a shower, brushing your teeth, getting prepared for work.

Interestingly, you follow this routine every day without considering them. Your unconscious habits create room for your brain to perform more advanced activities like problem-solving and choosing what book to read.

Everyone has habits, and several of those habits are activated every day. I would classify them into three groups:

  • The first category includes the habits that you hardly notice as they have become a major part of your life- such as brushing teeth or wearing clothes.
  • The second category comprises good habits to have to be more successful-like eating healthily, exercising your body and reading books.
  • The last group consists of those habits that are harmful-like procrastinating, smoking or overeating.

Habits are fundamental to becoming successful in life — or probably ending up a failure. Yet, as significant as habits are, some lack the knowledge of their capabilities.

Habits are default activities that you engage in without giving an afterthought. They are automatic behavioral or mental activities. They help you carry out some actions without exerting too much energy. They simplify your life.

Several people aspire to break bad habits. For instance, some people diet to stop overeating. They exercise to reduce obesity. Habits can hinder or impact your performance and productivity.

That’s why I would share 10 good habits to have to be more successful in life.

1. Begin Your Day with Meditation

I recommend mindful meditation early in the morning. This practice helps you to be in the present moment. Consequently, it enables you to be mindful of challenging situations during the day.

Different stressors may trigger as you go through the day; meditation helps you to remain calm before taking on the challenges.

Personally, it helps me to devise strategies and think about ideas. Meditation is a good habit to have if you want to be connected to what’s significant in your life.

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2. Be Grateful for What You Have

Sometimes, you waste time thinking of what’s not enough. You become immersed in those daunting challenges. However, challenges justify the presence of hope. When you have life, you have expectations. You will be free from challenges when you are six feet under. The only strategy you have to stop focusing on your problems is to focus on what you have.

Gratitude is a time-tested pathway to success, health, and happiness. It redirects your focus to what you have from what you lack. Here’s what James Clear does every day,[1]

“I say one thing I’m grateful for each day when I sit down to eat dinner.”

3. Smile

Can you pause and smile before you continue reading this?

Now here is what just happened based on research conducted by the Association for Psychological Science; you set a pace for living a happier life when you smile. A genuine smile or what’s called a Duchenne smile is a good habit to have if you want to find spiritual, emotional and mental peace of mind.[2]

Smiling induces the release of molecules that function towards fighting stress. The physiological state of your body determines the state of your mind. When you slouch or frown, your mind takes cues relating to unhappiness and depression. But, once you adjust yourself by putting up a smile, you begin to feel a new level of excitement and vibrancy.

Can you smile again?

4. Start Your Day with a Healthy Breakfast

Starting your day with a healthy breakfast is a good habit to have and forms a crucial part of your life. Nevertheless, about 31 million Americans skip their breakfast each day.[3]

If you are fed up hearing that breakfast is a crucial component of your day, you are only fighting the truth. If you want to become more successful, you need to ‘break your fast’ with healthy foods every morning.

This habit is not difficult to form if you usually rush out the door every single morning. You can wake up earlier to fix yourself a meal so you don’t break down during the day.

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Get inspired by these 20 Healthy Breakfast Choices That Will Save You Time.

5. Exercise Daily

One of the good habits to have is to exercise your body and muscles every day. You don’t have to run a marathon or lift a weight. You only need to engage in less strenuous activities that oxygenate your blood and inject endorphins in your body.

Jack Dorsey, the CEO of Twitter, classified exercise as a good habit to maximize his already jam-packed schedule.[4] He said,

‘I wake up by 5, meditate for 30 minutes, seven-minute workout times three, make coffee, and check-in.’

He said on Product Hunt that he follows this routine every day as it gives him a steady-state that empowers him to be more productive.

6. Manage Your Time as You Manage Your Finance

Another good habit is the act of managing your time effectively. This goes a long way to impact your achievement.

Time management is what separates the successful from the rest of the world as we all possess the same amount of time. How you leverage time determines your potential to succeed in life.

So how do you manage your time effectively?

Here’s Jack Dorsey’s recommendation in one of the Techonomy events;

“I accomplish effective time management by theming my days and practicing self-discipline. These themes help me handle distractions and interactions. If a request or task does not align with the theme for that day, I don’t do it. This sets a cadence for everyone in the company to deliver and evaluate their progress”.

And this is Dorsey’s weekly theme:[5]

  • Monday – Management
  • Tuesdays – Product
  • Wednesday – Marketing and growth
  • Thursdays – Developers and partnerships
  • Fridays – Culture and recruiting
  • Saturdays – Taking off
  • Sundays – Reflection, feedback, strategy, and preparing for Monday

No wonder he was able to run two companies when others were struggling with one job.

7. Set Daily Goals with Intentions

Everyone has goals. It may relate to business or personal life. The truth is, we’re all tending towards a particular direction or another. Nevertheless, while long-term goals can offer you direction, it’s your daily goals that you establish that help you develop short-term goals that are essential for your success.

Long-term goals may not give you the motivation you need to keep on. But when you implement your short-term milestones daily, you become fired up, and you can overcome the challenges that come with taking on bigger tasks.

Here’s the main truth:Successful people don’t set goals without establishing their intentions. According to Jennifer Cohen of Forbes,[6]

“What helps you to achieve your desired expectation is ensuring intentions accompany your daily goals.”

Be intentional about your daily goals!

8. Seek Inspiration

It is usually difficult to be inspired for a considerable length of time. Sometimes, you become discouraged and feel like giving up on your goals when things are not working out as intended.

A practical approach to stay on top of the situation is to inspire yourself each day. When you wake up in the morning after meditation, watch some motivational videos, and let the story of great leaders inspire you.

Establish what Anthony Robbins called the ‘hour of power.’ Determine how many minutes you spend but make it count. Inspiration is the fuel for achievement because when you can conceive it in your mind, you can accomplish it.

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Michal Solowow, an investor and the founder of Mitex, a construction company puts it this way,[7]

“The problems I encounter in everyday life motivates me to find solutions. This is a self-propelling mechanism. becoming a billionaire was never a motivating factor.”

9. Save Steadily, Invest with All Prudence

I can exhaust the good habits to have without talking about saving and investing. Most times, you overlook the significance of saving for the future when you are living in your present moment. According to CNBC, a $1000 emergency will propel several Americans into debt.[8]

However, it is not enough to save, and you must invest your fund and be wise with it. If you pay attention to this now, you will set yourself for a life of success in the future. Ensure you save at least six months in your emergency account so you can be prepared for any future emergency.

10. Budget and Track Your Spendings

Benjamin Franklin warned of taking the precaution of little expenses. He said,

“A small leak sinks a great ship.”

It is easy to discard little expenses, but the truth is they always add up. This happens when you fail to budget.

Budgeting is a good habit to have, which can impact your financial life significantly. The money you spend on extravagant lifestyles can be saved and invested in your future.

The Bottom Line

Endeavor to cultivate these good habits to have to become more successful as you journey through life. The quicker you cultivate them, the faster you achieve your goals.

More About Habits

Featured photo credit: Andrijana Bozic via unsplash.com

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Reference

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