Throughout our lives we face many challenges and make innumerable decisions and choices. How effectively we choose is typically imprinted in our genetic code.
Our choices are impacted by dozens of factors, some of which we may not even understand. Most choices or decisions made are instantaneous.
However, sometimes we face a challenge that requires us to take the time to seriously consider our decision. If there is not an obvious or instinctive decision, it is probably wise to gather more information. Typically, the right decision is very clear once the appropriate information is gathered and digested in the proper form.
But that is not always the case. Sometimes you want to see how things play out a little more before the best response or choice becomes apparent.
Keep these words in mind when making decisions: agility, optionality, and opportunity (or opportunity cost).
Sometimes we discover our choices are not always the best choice. Making decisions quickly may not make you more right more often. Ultimately, you should make your decision and leave as much optionality in front of you so that you are able to course correct. If things don't go as hoped, reassess. And it's smart to be agile so you can jump on opportunities that may present themselves especially when you least expect it.
While it's good to be decisive, it's better to be right, and the consolation prize of having future options (to course correct) works too.
Stanley C. Middleman
Freedom Mortgage Corporation