Today's topic is about two articles I read a few months back that had a major impact on me. The first was an article from Business Insider about how rich people are decisive. By "decisive", the author of the article was referring to the fact that people who obtained or created massive amounts of wealth were able to quickly and confidently come to decisions, and changed those decisions very slowly if and when they needed to.
The second article was about how you need to focus on one thing in order to be successful.
Why did these articles have such an impact on me? Well, I'll tell you that sometimes I have had trouble making decisions. Not decisions about what to eat or what to wear or what to do with my weekends. I actually make those decisions fairly quickly and easily. In fact, I've never understood why someone would have trouble making those sorts of decisions. I mean, those types of decisions are so inconsequential. The decisions I have had trouble making as of late have pertained to my professional life.
You see, I have a lot of ideas that pop into my head about how to make money. In fact, ever since college, I've been trying out various ideas about how to make money quickly - or at least more quickly than just through hard labor. I've tried investing in the stock market, playing poker, and playing fantasy sports. I've also thought about turning my law firm into a law firm that focuses exclusively on medical marijuana given that New York State has recently passed medical marijuana legislation and given that there are no law firms that focus exclusively on medical marijuana in New York State.
The truth of the matter though is that there are a lot of ideas out there in the ether that can make one a pile of money. However, if we are indecisive and try to execute on all of the ideas that we have in our head at once, then we will undoubtedly fail. The reason for this is that it's virtually impossible to achieve any level of excellence within a field while trying to be excellent in another area also.
What's more - and I know this from personal experience - all of this wavering back and forth about what route to take will leave you feeling absolutely exhausted and unmotivated! And it's really hard to be successful when you're not particularly motivated.
So what's the moral of the story? Even if you're not an entrepreneur, if you you want to be successful, you have to make a decision about what exactly it is that you want and focus on one particular method of achieving. And if you're having a tough time trying to figure out what route you want to take or what you want to focus on, here are 3 actionable pointers to help you make the best choice.
1) Figure out what your priorities are in life. What do you value most? What is the most important thing to you? Is it family? Is it money?
2) Choose the route that you believe in the most. That is to say, choose whatever choice you care about the most or aligns most closely with your values. If you listen to your heart, you know what route this is.
3) Realize that if you make a decision, and it turns out to not be working for you, you can usually change it. Very few decisions are absolutely immutable.
Fortunately, all of the pointers above are simple in theory and simple to execute. Lastly, guys and girls, be sure to check out my Facebook page where I give out free finance tips of the day, along with my YouTube channnel where I break down complex financial concepts.