1.) Leverage Jeff Bezos' Regret Minimization Framework
Project yourself forward to age 80 and ask the following:
"In XX years, will I regret not doing this?"
If yes, do it. If no, don't.
For most situations, it's "I'd fail, but probably learn something."
Or maybe, "I'd be out some money or have lost some time."
Don't let fear keep you in your comfort zone.
Big players take big risks.
I like to start with my close friends & family.
Know that it can be tough for this group to be objective.
Seek out other mentors, people in positions you admire, different fields, stages of their lives, etc.
Get a wide variety of opinions
This likens back to #2.
When you face your fears is when you grow the most.
Knowing this is one thing, but to practice it is another.
"Your biggest failure is the thing you dreamed of contributing but didn’t find the guts to do." —Seth Godin
Yes, you should seek advice from a variety of people.
But you must reconcile their advice with what you want/know about yourself.
People will always tell you what you SHOULD do, but it's not the critic who counts. Do what you MUST.
Good decisions save time, money, and stress.
I'll be exploring how to make better decisions in an upcoming newsletter.
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