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Showing posts from February, 2023

Living with the decisions we make. Part 2 Simple steps

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  As I posted last week that I could live with my decisions as long as I accept the guardrails imposed and I kept my overall goals in perspective.  This attitude helps deal with the emotional aspect of  living with decisions.    The goal cannot be overstated: confidence and control.  When things go wrong how do we maintain confidence and control?  If an investor losses money on an investment how do they confidently make the next investment decision?  How would we? After an immediate emotional reaction the most obvious response to a decision going wrong is to learn from it.  This is probably the advice you have received from teachers, mentors, parents and anyone that may guide you through life.  We can learn a lot from decisions that result in negative outcomes.  We should be able to learn from all of our decisions, the good and the bad.  However, good decisions are often clouded by our own self gratification that we tend to not...

Living with the decisions we make. Part 1

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  Surfs up Brah Last weeks post "  When it all goes wrong  " led me to thoughts on living with our decisions.  Especially dealing with decisions that seem to go wrong.  I also discussed one of the main goals in writing about decisions.  In retirement a number of constraints are removed from your life.  Some new ones are added.  One of the biggest constraints removed is time.  You no longer have the excuse " I cannot do that because I have to work".  For most of us working whether would admit it or not was a big part of our lives.  At the very least it consumed 8 hours of every weekday.  Adding travel time and overtime we could easily consume 10 or mores hours every week day.  Oh, the joy of weekends! As for new constraints the biggest one retirees face is monetary.  There is only so much money available in retirement.  Pensions are becoming scarcer.  So what you save is what you live on.  A further comp...

What to do when it all goes wrong?

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  Oops What to you do when your decisions do not work out as you think they should?  Panic is the obvious first step.  What to do after you panic?  Panic a little more.  Kidding aside how do we recover from a bad decision.  What is a "bad decision".  I am writing about decisions where one has diligently searched for the best available information.  Then with the information, options are compared and the best available course of action has been taken.  I am not talking about a decision that has been based on a negative mindset.  As for a decision that may have been based on jealousy, spite, greed, or anger the only course of action would be atonement, restitution and forgiveness. So how to react when a well meaning, and well thought out decision goes off the rails.  Once rational thinking is our main process, I would first asses the situation and determine 3 main aspects of the situation.  Those aspects are legitimacy, severity ...

My new friend ChatGPT

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Meet my new friend ChatGPT  Me: Provide 10 blog topics for making decisions: -------------------------------------------------------------------------------------------- ChatGPT: "The Art of Effective Decision Making: Tips and Strategies" "5 Common Mistakes to Avoid When Making Decisions" "The Importance of Gut Instincts in Decision Making" "The Pros and Cons of Collaborative Decision Making" "How to Make Difficult Decisions with Confidence" "The Science of Decision Making: Understanding the Brain's Role" "Overcoming Decision Paralysis: Strategies for Moving Forward" "The Power of Intuition in the Decision Making Process" "Making Decisions Under Pressure: How to Stay Calm and Confident" "The Impact of Emotions on Decision Making: How to Stay Objective". --------------------------------------------------------------------------------------------- Me: provide the outline for an article...