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00:00 Making decisions is an essential life skill, and mastering it can impact your life, success,
00:07 and happiness.
00:08 Decisions, be they big or small, can shape our paths more than we can imagine.
00:13 They determine what jobs we choose, the relationships we build, and the experiences we have.
00:19 But decision making isn't always so easy, and we're often scared of uncertainty, making
00:24 mistakes, or whether or not we're making the right choice.
00:28 Life is filled with decisions, and developing your decision making skills will help you
00:33 to navigate the twists and turns easier.
00:36 Welcome to Opulent Chat, my friend.
00:38 It's crucial to understand that decision making is not a matter of chance or talent.
00:44 It's a skill that can be developed and improved through practice and learning.
00:49 Just like any other skill, such as playing the piano or skating on ice, your ability
00:54 to make decisions can be improved over time.
00:58 Embracing this perspective is the first step in becoming a better decision maker.
01:04 Imagine the decision making process is a muscle that you can strengthen through regular exercise.
01:10 Each decision you have to make is an opportunity to exercise and develop this skill, by understanding
01:17 that you can improve your decision making abilities.
01:20 You're basically open to growth in this aspect of life.
01:24 You should never be discouraged by past mistakes or those times in which you were indecisive.
01:30 Instead, these situations can be seen as opportunities for growth and learning.
01:35 If you understand that decision making is a skill you can cultivate, you'll become
01:40 more confident and effective in making choices that suit your goals and aspirations.
01:46 One of the main things you have to understand if you want to improve your decision making
01:50 skill is that not every decision you have to make or will make will lead to a desired
01:57 outcome.
01:58 In life, nobody gives you guarantees, and many factors beyond your control can influence
02:04 the results of a decision you make.
02:06 Instead of being frustrated or disappointed when a decision doesn't come out as planned,
02:12 look at this situation as a valuable learning experience.
02:17 Mistakes and wrong outcomes shouldn't be solely seen as failures.
02:20 They should be stepping stones on your path to better decision making.
02:24 When you experience a setback, take the opportunity to analyze what went wrong and why.
02:30 This will help you to understand the choices you've made and their consequences, gaining
02:35 experience that can guide you toward making more informed choices in the future.
02:41 Always remember that even the most successful people have had some setbacks and made some
02:46 errors at a certain point.
02:48 What keeps them going is the ability to learn from these experiences and adapt to those
02:54 that come.
02:55 So keep in mind that being wrong sometimes isn't a weakness.
02:59 It's just a natural part of the learning process.
03:02 Hindsight bias is a cognitive trap that many people fall into when trying to make a decision.
03:08 It occurs when you let knowledge gained after making a decision influence your judgment
03:14 and perception of that specific decision.
03:17 It's so easy to go back and think, "Oh, I should have known better."
03:21 When things go wrong, think about how many times you had a decision, and after finishing
03:26 that decision, your mind was filled with better things that you could have done or said.
03:32 To become a more effective decision maker, it's important to keep your mind as far as
03:37 possible away from hindsight bias.
03:40 Instead of beating yourself up over what you found out in hindsight, focus on the information
03:46 you had at the time you made the decision.
03:49 Always say to yourself that you made the best choice based on what you knew then, and what
03:53 you knew was somehow limited.
03:56 Consider this, you can't change the past, but you can learn from it.
03:59 And you should, when understanding and accepting a decision, do that by considering the information
04:06 and the circumstances that you had when you actually made the call.
04:11 This will help you to be more objective with your evaluation and avoid falling into the
04:16 worrying trap of hindsight bias.
04:19 In the world of decision making, uncertainty will always be your competition.
04:24 We rarely face situations where all options and outcomes are crystal clear.
04:30 Understanding the uncertainty involved in decision making is an essential step in mastering
04:35 the art of making decisions.
04:38 Instead of looking for certainty where it's clear that it doesn't exist, try to make choices
04:43 based on probabilities and expected outcomes.
04:47 Imagine that each decision is a probability game.
04:51 What are the chances of different outcomes occurring?
04:54 How desirable are these outcomes?
04:56 By thinking of probabilities and expected results, you can make more informed decisions
05:02 that align with your goals and values.
05:05 Just consider this for a moment.
05:07 You're deciding whether to take a job offer in a new city.
05:11 You can't predict every aspect of your future life there, but you can analyze the positive
05:17 and negative outcomes that may occur.
05:20 Will this job provide career growth opportunities?
05:23 What's the probability of you enjoying your new city?
05:27 Think of these factors, weigh them against each other, and make a decision based on probability.
05:33 One powerful strategy for mastering the decision making process is to pre-commit by setting
05:39 clear criteria and objectives before facing a choice.
05:43 This pre-commitment acts as a guideline, helping you to stay focused on your goals and values
05:49 when the actual process begins.
05:51 Before making any important decision, take the time to define what matters most to you.
05:57 What are your objectives?
05:58 What values do you want to keep while making a decision?
06:02 By establishing these criteria, you create a framework to elevate your options.
06:08 For example, if you're considering changing your career, your criteria should include
06:13 things like job satisfaction, work-life balance, and opportunities for growth.
06:18 When you elevate potential job offers, use these criteria as a checklist to determine
06:24 which options align with your goals and preferences.
06:28 In essence, pre-commitment empowers you to approach decision making with more clarity,
06:33 leading to choices that are more suitable for you, your mind, and your expectations.
06:39 It's a more valuable tool for becoming a more disciplined and focused decision maker.
06:45 Decision making shouldn't be a solitary action.
06:49 It often benefits from multiple perspectives and insights to improve your decision making
06:54 skills.
06:55 Try to look for advice and opinions from your inner circle of trusted friends.
07:00 They can play a crucial role in providing honest feedback and evaluating your choices.
07:06 Your inner circle should consist of people whose judgment you respect and who have your
07:11 best interests at heart.
07:12 They can offer fresh viewpoints, raise critical questions, and bring different experiences
07:18 to the table.
07:19 By involving them in making decisions, you get a wider understanding of the potential
07:25 consequences of your choices.
07:27 But it's important to rely on your close and trustworthy friends with an open mind
07:32 and be willing to accept constructive criticism.
07:36 That's important.
07:37 Sometimes your initial choices might be challenged, but this can lead to better informed decisions
07:42 and improved outcomes in the long run.
07:45 By listening to feedback from your close ones, you can refine your choices, avoid potential
07:50 pitfalls, and make better decisions that can truly help you.
07:54 It's a valuable step toward becoming a more thoughtful and effective decision maker.
08:00 It is crucial to not allow your previous investments to impact the choices you make now.
08:06 Instead, concentrate on what will help you to move ahead in life.
08:10 When you're making decisions, it's tempting to let your past experiences guide you.
08:15 After all, they've shaped who you are today.
08:18 However, it's essential to remember that each situation is unique, and what worked
08:23 in the past might not be the best approach for your current circumstances.
08:28 Consider your past investments, whether they were financial, emotional, or time-related.
08:34 While they may have been valuable learning experiences, they shouldn't make you consider
08:40 a particular course of action.
08:42 Life is dynamic, and opportunities change.
08:45 Your goals and priorities might have changed over time, and it's essential to adapt your
08:50 decisions accordingly.
08:52 So instead of thinking only of your past choices, take a forward-thinking approach.
08:57 Evaluate your current situation, understand your goals, and find the best path forward.
09:03 Seek advice, gather information, and make decisions based on your present needs and
09:08 future aspirations.
09:10 By focusing on what's best for your future, rather than being influenced by the past,
09:16 you manage to make choices that are aligned with your current circumstances and ambitions.
09:21 Making a good decision doesn't guarantee a positive outcome.
09:26 It's important to make your choices based on the information and reasoning behind them.
09:31 Sometimes, despite our best efforts, things don't turn out the way we hoped.
09:35 We've all experienced situations where we made a well-thought-out decision, but external
09:41 factors led to a negative result.
09:44 In such moments, it's easy to feel discouraged, or even question the quality of your decision-making.
09:50 However, it's essential to remember that the quality of decisions should be evaluated based
09:57 on the information available at the time, and the thought process behind it.
10:02 Even if a decision doesn't yield the desired outcome, it can still be considered a good
10:08 decision if it's made with careful consideration.
10:12 Life is uncertain, and there are many variables beyond our control.
10:16 Sometimes, even the best decisions can be affected by factors we couldn't have predicted.
10:22 Instead of solely focusing on the outcome, it's best to reflect on the decision-making
10:27 process itself.
10:29 Did you gather relevant information?
10:31 Did you consider the pros and cons?
10:34 Did you make an informed choice?
10:36 Think of actions or choices that keep causing problems, and focus on not doing them again.
10:41 It's crucial to learn from your mistakes, and make better decisions in the future.
10:46 So when you notice a particular action or choice repeatedly resulting in negative outcomes,
10:52 it's a sign you should try to change your approach.
10:55 By identifying these patterns, you can break the cycle of negative consequences, and move
11:01 toward more positive results.
11:03 For instance, if overspending has consistently led to financial trouble, well, it's wise
11:09 to avoid unnecessary purchases, and budget yourself carefully.
11:14 And similarly, if certain behaviors have caused a strain in your relationship, like constant
11:19 arguing, you should try to communicate more effectively, and find healthier ways to interact.
11:26 In general, recognizing and avoiding actions that consistently lead to negative outcomes
11:32 is a key part of personal growth and success.
11:35 It's about making choices that align with your goals and values, ultimately leading
11:40 you toward a more positive and fulfilling life.
11:44 In life, you can't always guarantee the results you want, but you can take steps to
11:48 reduce the risks linked to your decisions.
11:51 These are situations where external factors or unexpected events can influence outcomes,
11:58 making you unable to control them.
12:00 However, this doesn't mean you're powerless.
12:02 You can still manage the risks by being thoughtful and prepared.
12:06 Imagine you're planning an outdoor event, and the weather is unpredictable as it is.
12:12 You can't control the weather, but you can make a contingency plan, like having a backup
12:17 indoor venue, or providing tents or rain gear.
12:21 This way, you're managing the risk of the bad weather affecting your event's success.
12:26 Now, similarly, in financial investments, you can't foresee all the market changes,
12:32 but you can diversify your portfolio to spread out the risk.
12:36 By doing this, you reduce the impact of a downturn in one sector on your overall portfolio.
12:43 While you can't control every outcome, you have the power to reduce risk by making informed
12:48 choices, planning ahead, and being adaptable.
12:52 This approach allows you to navigate uncertainty more effectively and increase your chances
12:58 of achieving favorable results.
13:01 When you're making a decision, it's a good idea to think about the good and bad things
13:06 related to it.
13:08 This can help you to understand things better.
13:10 First, it's important to look at the advantages.
13:13 These are the good things about each option.
13:16 By doing this, you can see what you could gain from each choice.
13:20 Also, thinking about the advantages can help you to figure out which option might be better
13:25 for you.
13:26 You can focus on what's more important.
13:28 Next, you should consider the disadvantages.
13:32 These are the bad things or the challenges that come with every option, and it'll help
13:36 you to see the potential problems or downsides.
13:40 Overall, looking at both advantages and disadvantages can give you a better view of your choices
13:47 and make your decision easier.
13:49 You can even list every pro and con out to see those options even more clearly.
13:54 It's important to offer yourself the opportunity to think deeply about significant choices,
14:01 especially when strong emotions are at play.
14:04 When you're experiencing intense emotions, like when you're really upset or excited,
14:09 making clear decisions can be quite challenging.
14:13 Think of it as taking a step back from the situation.
14:16 Find a quiet moment to gather your thoughts and let your emotions settle.
14:21 This can help you to think more clearly and make better decisions.
14:25 By giving yourself this space, you can avoid making questionable choices that you might
14:30 later regret.
14:31 It's like hitting the pause button on impulsive decisions.
14:35 So when you're faced with a major decision, and your emotions are in turmoil, remember
14:40 to slow it down, my friend.
14:42 Allow yourself the gift of time and a peaceful place to consider everything.
14:47 Your decisions will be more thoughtful and wise as a result of this reflection.
14:52 When you have to make a decision, it's a good idea to take a methodical approach.
14:58 This means carefully thinking about the decision by looking at different aspects.
15:03 You can focus on the options you have, what could happen as a result, and whether it's
15:09 something you can realistically achieve.
15:12 Imagine it like this.
15:14 Making a decision is like solving a puzzle.
15:16 You have to examine all of the pieces to see how they fit together.
15:21 First, think about the different choices you have.
15:24 Picture each one of them as a puzzle piece.
15:27 Then consider what might occur if you pick one piece over the others.
15:31 That is examining the consequences.
15:34 And lastly, figure out if it's possible to complete the puzzle with the piece that you've
15:39 chosen.
15:40 That's feasibility.
15:41 By doing this step-by-step process, you're being thorough in making sure you understand
15:46 the whole picture before making up your mind.
15:49 It's like taking your time to solve the puzzle correctly, rather than rushing through it
15:54 and jamming pieces together.
15:56 So next time you're confronted with a decision, take a systematic approach.
16:01 Look at all of your options, think about what could happen, and make sure it's something
16:06 that you can realistically achieve and live with.
16:09 This way your decision will be well-informed, which often leads to much better outcomes.
16:15 Picture yourself thinking about the decision you're about to make.
16:19 Not just about the present, but also in the future.
16:22 Consider how you might feel about it in 10 minutes, 10 months, or even 10 years.
16:27 This will help you to gain a better understanding of how it will affect you in the long run.
16:33 Here is a way to think about it.
16:36 So imagine you're planting a tree.
16:38 In 10 minutes, it's going to be looking like that small sapling you've literally just put
16:44 into the ground.
16:45 In 10 months, it's grown a little bit taller, and you're starting to see some progress.
16:50 But oh baby, in 10 years, that tiny little sapling has turned into a big strong tree.
16:55 When you're making a decision, ask yourself how you'll feel about it shortly after.
17:01 Like in 10 minutes, will it bring you immediate satisfaction or regret?
17:06 Then consider how it might affect you in the near future, like 10 months away.
17:10 Well, it seemed like a good choice still, or would you be wishing you did it differently?
17:15 And finally, think about the long-term consequences in 10 years.
17:20 Will your decision lead to a strong and healthy tree, symbolizing that positive outcome you
17:25 would like?
17:26 By looking at your decision from these three perspectives, you can make choices that align
17:31 with your future goals and well-being, not just your immediate desires.
17:36 It's like being a wise gardener, nurturing decisions that will grow into a beautiful,
17:41 strong, sturdy tree over time.
17:44 Intuition, which is like a gut feeling or instinct, can sometimes be helpful when making
17:50 decisions.
17:51 It's best to trust your intuition, mainly when you have a good amount of knowledge and
17:56 experience in this particular area.
18:00 Imagine you're trying to solve a problem.
18:02 If you've solved similar problems many times before, you might rely on your gut feeling
18:07 to figure out the next move because you have experience.
18:11 But if it's a completely new type of issue you've never experienced before, it's wiser
18:16 to take your time and think it through carefully.
18:20 And similarly, in decision making, if you have expertise or experience in a certain
18:25 field, your intuition can be a very valuable guide.
18:30 It's like having a well-trained compass.
18:32 However, when dealing with something unfamiliar, you need to gather information, do your research,
18:39 and consider your options a lot more thoroughly.
18:42 It's like having a map to help you navigate.
18:45 So while trusting your intuition can be beneficial, make sure it's supported by your knowledge
18:51 and experience, especially in areas where you are an expert.
18:56 In unfamiliar territory, take your time to gather all the information and think over
19:01 things before making a decision.
19:04 This way, you're more likely to make informed choices that lead to much better outcomes.
19:09 So Eluxer, here are 15 ways to master your decision making process.
19:14 Try to always consider these things when making a decision, be it in 10 minutes, 10 months,
19:20 or in 10 years.
19:21 Making decisions wisely can and will improve your life significantly.
19:25 Thanks for hanging out with us today, Eluxer.
19:28 If you found these tips useful, subscribe to our channel and find even more valuable
19:34 guides.
19:35 We'll see you back here tomorrow.