Effective Decision Making Made Simple: How to Take Decisions Fast

effective decision making - a simple trick to take decisions quickly

Effective decision making is an important aspect of life. It means choosing between two or more options, without knowing how this may turn out, but trying to find the most effective solution to a problem. Most people struggle with decision making, it takes them too long, they overthink, get anxious and stressed. But there’s a simple way to overcome that and start making wiser and faster choices in everyday life.

How long does it take you to make a decision?

I know some people who can think for days, who play different scenarios in their heads, try to predict every possible outcome. And then to prepare for it. All this just so that they can take the best decision.

But how is that working out for them?

Well, most of the times it just isn’t. It brings stress, ruins our whole day, and never lets us do the best we can with what we have.

Then how do you take decisions fast? How can you get better at decision making?

Simple. You just choose one of the options – the one you think is right at that moment, and you make the best of it. Then you never look back or ask yourself whether it would have turned out better if you had chosen differently.

It’s easy to get lost in thoughts like these. But what’s the point?

In order to learn how to take the best decisions you first need to understand something.

We make choices. All the time. And each of them shapes our future and who we become.

So if you’re used to choosing what seems nice just for the moment (like eating that chocolate) without taking into consideration the effect it will have on you in the future (being unhealthy and out of shape), you won’t change for the better.

In fact, every area in your life will be worse.

You may think that eating chocolate once every few days won’t do you any harm. And it’s true. But the problem is that when we choose instant gratification, we do it on autopilot. We don’t really think about it. We just take the action because something is tasty, feels or looks good, or is easy.

In the case of the chocolate, it all lasts for a brief moment. And we end up making decisions like this without even realizing it.
But when we stop, contemplate and see the bigger picture, it looks awful.

Now that you know that, it’s time to understand something else.

You’re in control. You can change. You can turn your life around and start over. All you need to do is decide that you want it.

And when you have a vision, know what you want in life and define what you need to do to get it, you can start making choices based on that. That’s the formula for effective decision making.

So the next time you have to take a decision quickly, don’t think too much. Don’t even give your brain time to analyze all the possible outcomes, to imagine how good you’ll feel if you choose the easier, simpler or faster option.

Just be sure about your choice. Because it will be the one that gets you closer to your goals.

All that is quite simple, right?

And why shouldn’t it be? Life is simple. You either choose this, or that. But if you have a bigger goal to keep in mind, you can just take decisions fast based on it.

Then you won’t be tempted by all the excuses you’ll think of, won’t be in doubt and won’t use up your willpower in daily decisions like whether to eat junk food or not.

What about you? How do you go about effective decision making?

That’s one of the mental habits we need to develop for a better, more successful life. I cover 10 of them in my book The 10 Mental Habits That Will Become The Pillars of Your Success.

Get it here.

ten mental habits powerful mindset ebook

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How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money

How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money - Interview with R.J. Weiss from TheWaystoWealth.com

This is an interview-style post with R.J. Weiss from The Ways to Wealth.

Hey R.J. What’s your background and what do you do?

I blog about all things personal finance at The Ways to Wealth.

Before I went full-time into blogging, I spent ten years in the financial services industry. Specifically, helping families buy the right type of life insurance.

During my time with a full-time job, I’ve always had different side hustles going on. From freelance writing, Amazon FBA, conversion rate optimization, to website design — there were many projects I pursued outside of work.

How did you start your career in finance?

I got started in finance straight out of college working for my the family insurance business. As I love the financial planning side of things, I choose to specialize in life insurance planning. This led me down the path to obtaining the CFP® Certification.

What made you start blogging?

The Ways to Wealth, which I started in 2016, has been my 5th blog.

The others mostly fizzled out most due to a lack of interest. But, in 2009 I started a personal finance blog called GenYWealth.com (no longer around) that had some success.

The idea GenYwealth.com was to write about what I was learning about studying to take the CFP®. The blog was, by all means, a success. I was able to gain valuable knowledge, pass the CFP® exam, earn some extra money and build up a good community.

I then took this knowledge and started a business blog, which allowed the insurance agency I was working for to generate leads.

I started The Ways to Wealth because my passion is personal finance–from investing to travel hacking, I love the challenge of optimizing my finances.

How was The Ways to Wealth born?

I didn’t have much of a plan for starting The Ways to Wealth when I purchased the domain name.

I was actually thinking it would be a niche site, which was inspired by Pat Flynn’s niche site duel. Then, I came across the income reports of Michelle Schroeder-Gardner and wisely changed direction to a more traditional blog.

This change came about 6-months after starting to blog.  I did a timeline of the site in one of my income reports.

What worked best when trying to grow the site?

I had a decent knowledge of SEO. So at first, I started growing the site with email outreach. One of the first posts I had about best investing books of all time, had about 15 links to it.

This was nice to start with but was quite slow to build up, as it can take a while to earn Google’s trust.

The big turning point came when I started to understand Pinterest. I spent a few frustrating weeks on the platform, then it finally started paying dividends.

I went from about 100 sessions a day to 1,000, which was huge for me at the time.

How did you get to 3 million monthly viewers on Pinterest?

the ways to wealth pinterest 3 million monthly views

I lay out my Pinterest strategy here. But at the core the idea is to:

1) Write high-quality content that Pinners want to click through, read, and share.

2) Pin to my own and high-quality group boards, with a keyword-rich description.

3) Continue to Pin my best pins across my own boards/group boards, ruthlessly eliminating Pins that don’t perform well.

One thing to keep in mind is impressions don’t mean much on Pinterest. What counts are clicks to your website. So, you want to design not for impressions but clicks.

What aspects of the online business are you outsourcing or automating and how?

The first thing I outsourced was Pinterest design. I’ll design about 30-40 pins a month, so this was big time saver for me.

Of course, it took some work to get going. At first, I hired 5 or so people on Fiverr. I found one decent designer but the work quality deteriorated over time.

I then went to Upwork and posted a job for a  graphic designer. I found a great team down in Argentina, who I’m very happy with.

I’m currently experimenting with working with a ghostwriter. A few of my latest posts have been transcribed from my recording, with the ghostwriter making sense of it all.

I can compile about 3 posts in 90 minutes, then take another 90 or so minutes to prepare them. Saving me around 3-4 hours per post this way.

What’s your main income stream and why do you think it works for you?

My main source of income for the blog is affiliate revenue. It works because the partners I do have are high-quality businesses, who deliver value and solve real problems. This makes it easy to naturally link to such a partner.

When did you start making more than $10K/month and what was the turning point?

My first month over $10K was in January of 2018. In December of 2017, income was around $3,000 and in July of 2017 around $500. So, it was definitely a jump.

What happened then in January?

First, personal finance is at its peak interest in January.

Second, I had multiple Pins go viral.

Third, in November I started driving traffic via Facebook to the site. So, in January I could take campaigns I’d been fine-tuning for a few weeks and scale them.

How do you balance work and family life?

I have a routine I stick to Monday through Friday.

When inside of my designated working hours, I work. When outside of these hours, I’m not.

This is a lot easier said than done. But the thing important for me is not to take work everywhere I go. This means I don’t have any apps on my phone that are work-related (email, analytics, etc..)

What are you 3 best finance tips for newbies?

  • Focus on your savings rate. How much you save is the most important decision you’ll make.
  • Small incremental improvements add up over time. My favorite example is increasing your savings rate 1% every quarter, means you’ll be saving 20% of your income in just 5 years.
  • Study happiness. Become a student on how to increase your level of happiness. The natural result is you’ll want less overtime, making the game of personal finance a lot easier to win.

What books, blogs or podcasts help you stay motivated along the way of growing an online business?

I read a fair amount to keep fresh ideas in my head.

My favorite podcast is The Tim Ferriss Show.

Two blogs I enjoy reading are:

Farnam Street
Barking up the Wrong Tree

And as far as books. I try to read one a week. A few books I would recommend to online entrepreneurs would be:

Deep Work by Cal Newport
The Compound Effect by Darren Hardy
The Four Hour Work Week by Tim Ferriss

Pin this post if you enjoyed the interview.

Check out my interview with R.J. from TheWaystoWealth to see how he entered the finance niche, started making money blogging, began bringing traffic from Pinterest and monetizing it with affiliate marketing, and is now making $10,000/month from his online business. #blogger #interview #blogtraffic #incomeideas #income