How to Make Decisions for Better Returns

23 May

Many people just don’t think things through before throwing themselves in to something.  You have…

Your inputs:

  • 24 hours a day – less now after reading this
  • $x
  • x energy

Your desired outputs:

  • money
  • enjoyment (or positive feelings)

Every second of every day uses some of those inputs, and you get guaranteed outputs, but those outputs aren’t always all good.

How are you outputs currently shaping up?

If they’re not too good right now, you might not be making smart decisions.  So listen up…

You can invest your inputs in to either:

  • learning something (useful?)
  • doing something

Your options:

  1. You can choose what you both learn and do to try to INCREASE BOTH your inputs and outputs
  2. You can choose to do something else that decreases your inputs and outputs

That’s your free choice, and an opportunity to be smart.

But here’s the thing; your outputs keep coming.  Like the ripple effect when you throw a stone in a lake.  Your outputs come in the short, medium and long term.  That’s the part most people neglect to think about.

You can use your inputs in return for rewarding outputs in the short term, but negative outputs in the longer term.  You’ve got to occasionally.

You can use your inputs for lower returns in the short term, and higher returns long term.  You’ve got to do that too.

You can do things that are costly and are not really that enjoyable.  A lot of people waste their resources doing this because they don’t think.

You can do things that are cheap or free, and are really enjoyable and good for you in the short, medium and long term.  People don’t do enough of that.  They’ve forgotten that it’s an option.

Have a look at the variables I’ve laid out here and think around them.  What things could you do that you’re not currently doing that would increase your inputs AND increase your outputs in the SHORT, MEDIUM AND LONG TERM?  How could you make better decisions?  What’s the next project, event or invite you’re about to get that you might make a smarter decision on?  Maybe you could put your resources elsewhere?

P.S.  One that works well for me is reading plenty of useful business books from the library.  I order new ones in.  I love speed-reading them, I love applying what I learn, they give me more energy, give me ideas to free more of my time, and I love the fact that it brings in more money and enjoyment in the short, medium and long term.

What ideas have you got?

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