Indecision will cost you more than bad decisions.

It’s estimated that the average human makes 35,000 decisions a day.

No wonder some of us have indecisiveness.

  • Which title should I use for my blog?
  • Google ads or Facebook ads?
  • Use green or blue color for the button on my website?
  • Hmm, which is the best data science course. Let me do more research.
  • Should I start a business or should I wait and see?
  • Should I invest in crypto or go with low-cost robo-advisors?
  • Where should we eat today?

Yes, you can use hundreds of hours to make detailed comparisons, research, and debate anything you need to make a decision on. But more is lost through indecision than bad decisions.

A good solution applied with vigor now is better than a perfect solution applied ten minutes later. – General George S. Patton

We hate making decisions out of fear that it will be a bad one. “What if I choose a place to eat, and everyone hates me?” “What if I choose to go with this title, and nobody reads my blog?”

But while we wait, it costs us time and money.

Take investing for example.

I suffered from indecision during my 20s. Hmm, should I contribute to EPF? I think my money is better elsewhere. I looked up all sorts of financial vehicles – stocks, forex, ETFs, property. And ended up – doing nothing!

What a waste. The indecision cost me more than making a bad decision, due to time in the market and inflation.

Indecision happens everywhere. And I’m definitely not the only one.

Leaders are decisive people. If you lead a team, your followers want you to be decisive. Yes, you might make bad decisions and trip over yourself. But at least you made a decision.

Benjamin Franklin said, “Don’t put off until tomorrow what you can do today.

By the way, I made a decision to invest with StashAway. To me, Robo-advisors are great financial vehicles, with one caveat. They charge low fees, so to sustain – they either have to quickly scale their business (manage a bigger fund) or pass the charge to their customers.

But making a decision to invest your money is better than doing nothing. Want to try a robo-advisor? You can use my link for 6-months of free investing in StashAway.

Disclaimer: I’m a marketer, not a financial expert, so do your research and invest at your own risk.

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