Which is more important? The Decision Making Process or Critical Thinking Skills? Yesterday my post focused on the Decision Making Process...the steps…the importance of the very first decision in the process deciding “do I have a need”? And if you get this first decision wrong then obviously you have made a bad decision on the entire subject. For example, if you are making a decision as to whether you may need professionals to help you with a specific area of need and you decide that you don’t have a need in that area, when in fact you obviously do have a need, then you have ignored the need, not understood the potential consequences of ignoring the need, or you decide that you will take the risk and the consequences which typically is an irresponsible conclusion.
I am sure that none of my readers want to consider themselves irresponsible. Probably the most recurring conclusion is that…yes, I have the need but cannot afford to do anything about it. If this is the case then your income is not at the right levels and that is certainly an issue. You need to be talking with a competent person who can help you earn more money!
Mission: Critical thinking is essential if we are to get to the root of our problems and develop reasonable solutions. After all, the quality of everything we do is determined by the quality of our thinking.
I see many very intelligent professionals make incorrect decisions on the first decision question in the decision process…“do I have a need?” This specifically applies in the case of the decision on “do I need the services of a financial advisor, a CPA, a law firm, a business consultant or trainer, an insurance broker, or a doctor”. Much of my life has been devoted to working with responsible people who realize that their lives can be much better if they elect to select and work with professionals in these fields. In building my practice as a financial advisor I found more than (300) people who agreed that it would be in their best interests to work with a professional financial advisor and respected company.
I consider that your decisions on these key issues really decide what level of financial independence you will ever achieve. I would encourage you as professionals and good business managers to rethink your decisions on key needs to accomplish financial independence and ask yourself…do I really need that professional or am I just kidding myself that I can do it myself? I assure you my friend if you have decided that you are going to do all of your professional jobs yourself, you will never have the opportunity to achieve financial independence. There is a thin line between mediocrity and brilliance…the same for excellent success and just getting by. Some describe it as an “edge”. What do you prefer for you and your family? Tomorrow’s post…a review of key professionals that I know can help you tremendously! Sometimes you may not know the right solutions for your needs.
This post is about the importance of the decision-making process…and how it affects our lives! Most would agree that good, sound decision-making will lead to much better conclusions and a better lifestyle than sloppy, risky, whimsical, so-what methods. I submit that you can significantly improve your financial status and overall quality of your lifestyle by employing good decision-making! Have you ever considered this topic seriously? Have you ever had a course in decision-making? I am pleased to say that I have on several occasions.
There are many scientific methods that you can select to identify and use to reach good decisions however most of the time we use our emotions and feelings about the situation or opportunity in order to reach a decision or action. The first question that we face particularly in a buying decision is “do I have a need?”….or “could the outcome be significantly improved?” and that is a very logical question… but only if you answer these questions correctly. If you answer them incorrectly then your first decision is a very poor one and it can be very costly to you. We see people go to the auto dealership and buy into very expensive automobiles…many times when they didn’t have a need for the expensive model however wanted “to feel good” or wanted “to display a status of success” or other emotional reason. Obviously they were not driven by logical needs, they were driven by emotional reasons.
This emotional process can very often cloud the “real needs” that we have and therefore many times as a result we make poor decisions about how we should proceed. I believe strongly that for any area of expertise in which you are not an expert, that you should call upon professionals who can give you advice and training if necessary, on that particular topic, and then you are much better equipped to make better decisions. For important decisions about your financial independence I highly recommend that you employ a highly qualified team of well qualified financial advisors to assist you in financial planning, CPA’s for your tax preparation, law firms for your legal needs, an insurance agent that truly understands all aspects of risk management, doctors for your medical needs, and business consultants for helping you to grow your business.
The rationale for this team of professionals is that each of these professional specialties are well-trained and educated to give you the best of advice and full range of alternatives so that you, yes you and not them, can make the best decisions in your own interests. I further believe strongly that all of these professionals should be selected well in advance of any crisis or critical need so that you avoid the potential mistakes of making last-minute quick decisions that may not prove to be the right ones. Critical circumstances can occur at any time in all of these areas, and the prudent, responsible individual and family leaders will have prepared themselves well in advance.
I would welcome your thoughts on these beliefs and recommendations. You may contact me on email at email@example.com or on the phone on 407-749-9395.