Tips on How to Make Rational Financial Decisions
The answer to this question cannot always be generalise. The truth is, you are a unique human being. Your decision making process is not necessarily going to align with someone else’s process. Their success is not your authority!
There is a way for you to make important decisions and to have the peace and confidence in knowing that your decision is the best one for you. Here is what you need to know that will help you get off the fence and confidently make your important decisions. Particularly when and how you spend money.
1. Have Control on Impulse Spending
When you get really excited about purchasing something and then you talk yourself out of it, in your excitement, you are experiencing two things. One, you are feeling the truth about really wanting something. Two, you are experiencing fear from past conditioning. Which is telling you that you can’t have what you want because you don’t deserve it etc.
It’s like riding a roller coaster. You’re excited and want to have the thrill, yet at the same time, you’re afraid of the fall. This is great when you want a thrilling roller coaster ride, however, your life’s important decisions will work out better if you are not making them from the adrenaline rush that comes with your fear. Fear either encourages you to act quickly to prevent something bad from happening. Or it causes you to sit on the fence in paralysis. From this place, you often cannot decide what is best for you in the long run.
2. Prioritize your needs
We suggest you do the following with the next important financial decision that you feel really excited about and then you drop into self doubt and subsequent paralysis.
Accept what you really want, which is what your excitement is revealing to you.
Notice your fears, doubts, and worries, which come from your past conditioning. Let the emotions pass through you, and refrain from giving up on what you really want.
Relax, take a break, and let your emotions settle. You will arrive at a centered, calm place. This space will bring you clarity about the decision you need to make. You will know if the opportunity before you is just right for you or not. If it isn’t, you will know what is better. If it is, you will feel the YES from a place of contentedness, not excitement!
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