Connect with us

Success Advice

The Framework to Making Better Decisions in Your Life

Published

on

Image Credit: Unsplash

The average person makes over 35,000 choices a day, leading to exhaustion and often questionable choices. These begin as soon as you wake up when you decide to hit snooze, then when you decide if you’ll pack a lunch or grab something to-go.

Of course, our daily decisions aren’t always so simple. Choices on who will be the best fit to lead an upcoming project or if your family should move to a new city, take a lot of consideration, research, and time out of your day. Each of these choices has specific conditions and requirements that can make it hard to come to a solid conclusion, but these same criteria also help you best evaluate your choices.

“Your life changes the moment you make a new, congruent, and committed decision.” – Tony Robbins

This is where decision-making frameworks come into play. There are three key models you can use to help you make decisions:

  • The Rational Decision-Making Model is best for high-stakes and financial choices. 
  • The Bounded Rationality Model aims to satisfy a problem when you have limited resources or information. 
  • The Vroom-Yetton Model helps you determine which of the other 2 decision-making models is best for your situation. 

Learn more from CouponChief about these frameworks and other tips to help you make great decisions for your personal life, career, and finances below.

Decision-making-frameworks

Briana Marvell is a content creator from Austin with interests in finance and career development. When she’s not at her desk, you can find her hiking with her dog, Miko, or enjoying a good book.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

How to Stay Calm, Think Smart, and Lead When Everything Feels Uncertain

Let go of the need for constant certainty, and instead, focus on resilience, awareness, and adaptability

Published

on

Leading in uncertain times
Image Credit: Midjourney

When Alexander the Great led his army of 30,000 foot soldiers, with cavalry units bringing up the rear, through the unforgiving Gedrosian Desert, he found himself in a crisis. In the sweltering heat of midsummer, with no clear path forward and little water, the troops grew desperate. But Alexander didn’t panic. (more…)

Continue Reading

Success Advice

7 Strategic Loan Options to Fuel Your Business Growth in 2025

Thoughtful borrowing can be the catalyst that transforms challenges into success stories

Published

on

loan options for startups
Image Credit: Midjourney

Many small businesses struggle to pay back COVID-19 loans to the government. An average startup has over $663k as its loan amount. Combining these two seemingly unrelated statistics explains why more small enterprises are looking into alternative loan types today. (more…)

Continue Reading

Startups

The Young Man’s Guide to Creativity: 10 Daily Habits to Improve Your Creative Mind

10 daily habits you can put into practice right now to improve your creativity

Published

on

How to boost creativity
Image Credit: Midjourney

When I was 22 years old, I became a Top Writer on Medium.

It’s not an easy path. I lived in the Philippines and had never received a penny after writing over 100 digital articles. But I treated it like practice. If I couldn’t get other people to read my work for free, why would they trust me? (more…)

Continue Reading

Startups

If You’re Not Reinventing Yourself, You’re Falling Behind! Here’s What To Do

Reinvention is the secret weapon of high performers.

Published

on

Reinventing yourself
Image Credit: Midjourney

Reinvention is the secret weapon of high performers.

Most careers follow a predictable script. You start at the bottom, climb the ranks, and eventually settle into something resembling stability. But the people who make the biggest impact, the ones who don’t just play the game but change it, break that script. They evolve. They shift. They reinvent. (more…)

Continue Reading

Trending