Decision-Making Processes: How to Make the Best Decisions in Your Life

Legacy Planning
How to Make the Best Decisions in Your Life | Student FinTech

Do you have trouble making decisions? Some decisions are easier than others. Deciding where you will eat, which outfit you will wear today, or whether or not to call a friend for coffee are all small decisions. The result of these decisions usually does not make a lot of difference in your life or the lives of others.

But some decisions are life-changing, and they should be considered carefully.

In this post, we will look at decision-making processes and brainstorm ways you can make better more informed decisions so that you will possibly have fewer regrets because you thought through something carefully. That being said, it is often best to go with what is in your heart that you know best for you.

So how do you make personal decisions that involve what kind of career you will pursue, which college you will go to, which type of college loan you will get and even who you will marry?

All of these are significant life-level decisions that will change your life (hopefully for the better). One way or the other they will change your life as you know it. Therefore they should be thought through carefully.

Decision-Making 101

Learning to analyze a problem or a situation where you have to make an important decision involves taking the parts of the equation and thinking about the possible results. This is where you need to consider your decision-making process.

There are always consequences for any decision. For example, I know of someone whose son decided to drop out of college two months before his college graduation. He thought it was the right thing for him to do at the time. He had work that he was hired to do, he was making money, and he had good friends who encouraged him to do this. Later, however, he realized that he would not be able to graduate with his class that he had always planned to graduate with.

So what he had done is to make a compulsive decision based on the current state of his life or emotions and traded in a decision he had made before (to graduate with his class).

He has decided now to go back to school at another college to finish his requirements so that he can graduate with the next graduating group, but it won’t be the same due to his decision to drop out when he did.

A major life decision such as dropping out of college can be either good or bad, depending on your situation in life. But it is important that you think it through and not live just “in the moment.” Bill Gates and Steve Jobs both dropped out of their Ivy league schools to start an empire. That’s a better reason than just the fact that you are stressed or your friends are influencing you to drop out.

One should never take the advice of friends just because they are friends or you want to please them. Remember that, no matter what well-meaning friends advise you to do, they are not the one that will have to live with the decision!

Tip: Try these steps the next time you have a significant decision to make.

  1. Consider all of your choices and try to imagine the results of each one.
  2. If you ask other’s opinions, ask various people, not just your friends. Ask an adult, also who has had more life experience and is in a better position to advise you on essential choices.
  3. Write down the “pros” and “cons” of each decision and how they will affect others, as well as yourself. We don’t live life in a vacuum. Our choices do often affect other people, so consider their needs as well.
  4. Think about your long-term goals. Will this decision take you closer to your goal? If not, you may want to reconsider.
  5. Use your moral compass. Whatever morality or integrity means to you, use this as a standard for your decisions. There is such a thing as “right and wrong,” even if that’s not trendy to say that. Consider first whether something is ethical or right before you do it. It will save you a lot of headaches in the future.

We hope these tips help guide you to making better decisions and that it will improve the quality of your life. Once you have exhausted all of the options, make a decision and stick to it. Don’t back down if you know it’s the right thing. Have confidence in your choice and abide by the results.

Life is a learning experience. We all make mistakes. Just do the best you can at all times and let this guide your path.