Who Are You Listening To?
It is interesting how we make decisions. Some of us operate on instinct alone and some of us operate on data alone. Like all things, I think solid decision making lands in the middle of these two extremes.
Think about a decision you made recently. Did it pull you forward or did it keep you in your comfort zone? Do you feel like you were able to confidently decide or were you wishy washy and by default something just happened?
In my experience there is always a point along the way with every decision where we either internally decide to cross the line to growth or we stay where we are comfortable.
Crossing the line to growth can be either a yes or a no answer, depending on the situation. Both can lead to growth for us and it takes being willing to be brutally honest with ourselves to fully understand what we are up to.
The trick is knowing who you are listening to. Is it the you that wants to be safe and comfortable or is it the you that you are becoming so you can create different results.
When it comes to making decisions with money it seems our emotions can run high, so I find that being able to have a system to think through can be very helpful. There are a number of different systems when it comes to money:
- Your Financials
- Your Planning Tools
- Your Money Principles
Money principles, I feel, are the first place to start. These are the guidelines you use to make decisions with. They are endless because they are unique to each of us but here are a few:
- How much money do you want to have in the bank at all times?
- How much debt will you incur?
- How will you manage your credit cards?
- What percentages of revenues will come from earned vs passive sources?
- What ROI must be experienced?
The more conscious you can be of these principles the better. Then, like all things involving money, you track them to make sure they are working for you in the way you want them to. This tracking becomes part of what you are listening to.
What is a decision you are making right now when it comes to money and what are the principles you are using to make the decision with?
Are they serving you and pulling you forward?
We would love to hear from you so leave a comment below and let us know what your money principles are!