How do you make decisions in your life?

radioouman

Diamond Member
Nov 4, 2002
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Would you leave an OK job on a whim to move closer to a girlfriend/boyfriend?
Would you allow a long term savings plan to prevent you from taking a vacation or buying a nicer car?

If you make $40,000 per year after taxes, you will have $200,000 in five years. Do you have a plan on how to spend/save/invest that money? If a builder is going to build a $200,000 house, he won't even break ground without a plan on how to build it.

Yet we only live once, and we should live each day without regrets. If we take the slow and steady plan, then we may regret that we didn't take a chance when we are older.
 

talyn00

Golden Member
Oct 18, 2003
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for all decisions, you should just flip a coin. And if its more than 2 choices, number the choices, and the flip coin a few more times to produce a nice binary number, convert it to decimal and there, you got your decision.
 

Chryso

Diamond Member
Nov 23, 2004
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Originally posted by: radioouman
Would you leave an OK job on a whim to move closer to a girlfriend/boyfriend?
Would you allow a long term savings plan to prevent you from taking a vacation or buying a nicer car?

If you make $40,000 per year after taxes, you will have $200,000 in five years.

How do you live without spending anything at all?
 

robothouse77

Golden Member
Jan 21, 2005
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Originally posted by: radioouman

If you make $40,000 per year after taxes, you will have $200,000 in five years. Do you have a plan on how to spend/save/invest that money? If a builder is going to build a $200,000 house, he won't even break ground without a plan on how to build it.

make 40,00 per year after taxes AND expenses? if so, then, you'll probably end up with 10,000 after 5 years if your good about saving. you'd have to show me a pretty convincing financial statement to prove you can save up 200,000 in just 5 years
 
L

Lola

i make my decessions based on the worst outcome. It is not negitive, but rather i look at it like this: I take the worst case senario and if i can accept that, i will do it.

We (husband and I) make a nice amount, we however do not have a LOT saved up but rather a modest little bit, however we travel quite a bit and enjoy life.
we do not have an extravagent life but are not extremely prudent either.
I am an emotional person and i think with my heart more than my brain most of the time, but i do have my logical moments too :p

We have made some big decessions throughout the past several years and there has always been a feeling of doubt and "is this right" but as they say : Feel the fear and do it anyways.
 

radioouman

Diamond Member
Nov 4, 2002
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Originally posted by: robothouse77
Originally posted by: radioouman

If you make $40,000 per year after taxes, you will have $200,000 in five years. Do you have a plan on how to spend/save/invest that money? If a builder is going to build a $200,000 house, he won't even break ground without a plan on how to build it.

make 40,00 per year after taxes AND expenses? if so, then, you'll probably end up with 10,000 after 5 years if your good about saving. you'd have to show me a pretty convincing financial statement to prove you can save up 200,000 in just 5 years

My point was that you might want to have a plan for that much money, just like a builder. For most of us, we don't have a financial plan, yet we have great responsibility in dealing with that money.
 

yobarman

Lifer
Jan 11, 2001
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i make major decisions on the goals i have set for myself. if this decision is going to better or worsen my chances for achieving the goal, i will go for the better scenario.
 

FoBoT

No Lifer
Apr 30, 2001
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fobot.com
Originally posted by: radioouman
allow a long term savings plan to prevent you from taking a vacation or buying a nicer car?

that doesn't really make sense. you either choose to save or not, but don't blame your decision for not letting you do what you want
 

Buck Armstrong

Platinum Member
Dec 17, 2004
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Well, I discuss it at length with my wife, and once we've talked over every angle and weighed the pros and cons, she does the opposite of whatever I come up with. ;)