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Old 11-08-2006, 07:48 PM
stockaholic stockaholic is offline
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Default Decisions

One of the things that helps me is to recognize that most of my decisions are not final. When choosing what to check out from the library, I remember I can always bring the book back and check something else out. Some things are easier to change than others, but most decisions are reversible and that seems to help me make a choice and go with it until information comes up that suggests I change. Another thing that helps me is to write down my choices and analyze the pros and cons. Very obvious, I know, but I often forget to do this. For example, I have several business ideas I think are viable and I have been distracting myself by persuing many of them instead of focusing on the one or two that are most promising. So, I set up a quick Excel file to make rough estimates of how much profit I thought each business could bring in, how much it would cost to start up, what my time investment would be, etc. It really became obvious which option to choose after doing this. If my first choice doesn't pan out, I can always switch (and my first choice requires mainly time - not money, so I'm not out anything out of pocket).
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