Financial independence requires a level of confidence. But sometimes we can get stuck in indecision not wanting to make a mistake.
In this episode Ryan and Terry walk through a live example from Ryan’s life using a fourteen question framework that will help you side step indecision and avoid the predictable mistakes we make when making big money moves.
What you'll learn.
- How decision making is correlated to goal achievement.
- The scary reason why pros avoid using 'intuition' for high stakes decisions.
- A powerful way to avoid misjudging your decisions and needlessly changing your approach.
- How to uncover the arena's in which you can manage and mitigate risk before you pull the trigger.
- How to 'play the odds' using expected utility.
- How to 'read the play' and see two and three moves ahead to anticipate outcomes.
- The simple question that creates conviction and empowers you to execute a decision in the face of irreducible uncertainty.
- Why setting a review date protects you from yourself and others.
Mentioned resources.
Expected utility calculation [37:23]
Note: for more on expected utility and probability theory check out this awesome YouTube course.
Coming soon.
