[[Notes]] - Topics: [[Productivity]] - People: [[Patrick McGinnis]] - Source: https://www.youtube.com/watch?v=cTIUiN6inIQ --- ## Summary - You only face 3 decisions in life - High Stakes, no stakes and low stakes. - Create space for high stakes decisions. - "[[Your goal is to clear your plate, not to kick the can down the road.]]" - [[Once you have a choice, you have to commit.]] You just need to move on. - "[[You may not get everything you want, but the mere fact you get to decide is powerful.]]" ## Notes - [[FOMO]] - The feeling, or perspective, that everyone is doing something better than what you're doing right now. - [[Force your own perspective]]. Forced perspective is you experiencing and giving into someone else's reality. - [[FOBO]] - Fear of better options, a more dangerous relative to FOMO. - Indecision leads to inaction. - To move forward, you must choose a direction. [[Always be moving forward]]. - Recognize the absolute importance of a decision, and make a choice in appropriate time. - [[The time it takes to make a choice should be proportional to the meaningful impact of that choice]]. - Time box choice making - "[[If you want to buy a pair of shoelaces online...]] you have to sort through 1000's of items and read through 100's of reviews. That's an astounding amount of information to process to just buy two pieces of string that costs less than your morning latte". - [[Optionality is a privilege]] - [[To be paralyzed by choice is to be paralyzed by privilege]]. - You only face 3 decisions in life - High Stakes, no stakes and low stakes. - No stakes decisions are the many minor details in life where impact is localized to the moment. - "You just need to move on". - Outsource no stakes decisions to the universe (i.e. flip a coin). - Ask the watch. Make a decision based on the location or value of the second hand on your watch. - Low stakes. These have consequences, but none are earth shattering and are plenty of acceptable outcomes. - "[[Your goal is to clear your plate, not to kick the can down the road.]]" - Create the space for high stakes decisions. - High Stakes. These have long term implications. "You absolutely want to get it right". Examples may include buying a house. - [[Once you have a choice, you have to commit.]] - "[[You may not get everything you want, but the mere fact you get to decide is powerful.]]" ### High stakes decision making principles - Think about what really matters and set your criteria accordingly. - Gather relevant facts. - Remember FOBO. Create a pool of perfectly acceptable options, then pick one. - "When you eliminate an option, it's gone forever". Use the process of elimination by preserving the best choice through every round of comparison and elimination. - If you cannot make the decision on your own, outsource it to trusted individuals to provide guidance. Choose an odd number of people to create a built in tie breaker mechanism. ## Original ![[How to make decisions faster-1.jpg]] ![[How to make decisions faster-2.jpg]] ![[How to make decisions faster-3.jpg]]