Business
#15: Financial independence requires a level of confidence. But sometimes we can get stuck in indecision not wanting to make a mistake. In this episode Ryan and Terry discuss why we need frameworks for financial decisions and Terry walks through a live example from Ryan's life. These fourteen questions will help you sidestep indecision and avoid the predictable mistakes we make when making big money moves. Also in this episode:How decision making is correlated to goal achievement.The surprising reason why pros avoid using 'intuition' for high stakes decisions.How to use an idea from the scientific method to avoid misjudging your decisions and needlessly changing your approach.How to uncover the arena's in which you can manage and mitigate risk before you pull the trigger.How to 'play the odds' using expected utility to improve your decision making. How to 'read the play' and see two and three moves ahead to anticipate outcomes before you decide. The simple question that creates conviction and empowers you to execute a decision in the face of irreducible uncertainty.Why setting a review date protects you from yourself and others. Show notes:https://cashflowco.com.au/episode16/