FinancialSavvy.net
Sunday, October 1, 2023
No Result
View All Result
  • Home
  • News
    • Finance
    • Economy
  • Education
  • Passive Income
  • Markets
  • Forex
  • Crypto
  • Real estate
  • Personal Finance
    • Personal Finance
    • Investing
    • Commodities
    • Saving
    • Retirement
FinancialSavvy.net
No Result
View All Result
Home Investing

How to make better financial decisions—without regret—in a crisis

by Financial Savvy
January 27, 2023
in Investing
0
How to make better financial decisions—without regret—in a crisis
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


The Determination Disaster Playbook 

On this e book, a choice disaster means you need to make large selections at a very troublesome time however your primary wants for meals and shelter are met, and your private freedoms and safety are intact.

  1. Don’t make selections in panic mode. Discover a hopeful outlook, even when only for a second. 
  2. Make long-term, values-based selections versus short-term, relief-seeking selections. 
  3. Management what you may, should you can. 
  4. Set boundaries, or guardrails, so that you don’t run out of time or cash. 
  5. Embrace your subsequent regular.

When you end up in a choice disaster, be it life altering or momentary, you should use the Determination Disaster Playbook to make no-regret selections. The playbook works, it’s repeatable, and it’ll make sure you not solely survive your choice disaster however thrive later, whatever the final result. 

What’s a choice disaster? 

Tough selections in troublesome instances. When life as you knew it vanishes and your subsequent regular awaits (usually with out your permission). A call disaster may be very a lot characterised by the uncertainty about future outcomes mixed with the necessity to make main selections on the worst attainable time. 

Simply misplaced your job? Must you take the lesser-paying job immediately or wait it out and hope for a special job with a extra livable wage? Just lately separated? Do you purchase out your ex-partner’s share of the matrimonial residence or take your half of the sale of the home and transfer on? I’ve spent the final 10-plus years serving to folks navigate all method of choice crises. Main. Life. Choices. Through the years, I’ve come to establish a choice disaster state of affairs as follows: 

Unsure final result (lack of energy) + excessive stakes (emotional or monetary) + troublesome choice(s) 

Essentially the most disturbing a part of a choice disaster are the alternatives, or collection of selections, it’s good to make whereas stressed: You’re in a state of affairs that feels dangerous and scary. Now, add the necessity to make vital selections that may have a big impact in your life, not solely within the brief run but additionally the long term. No strain! 

Author and financial planner Shannon Lee Simmons smiles for the camera against a dark background.
Creator Shannon Lee Simmons

I’m not speaking about easy selections like must you order takeout tonight or not. I’m speaking about huge, life-altering selections. Do you progress to England to observe a dream however depart behind your loved ones in Canada? Do you divorce your associate who you respect however don’t love anymore? Do you freeze your eggs to offer your self the choice to have children later? These are sophisticated questions with advanced constraints and a number of outcomes with no certainty of how any choice will play out. Every mega choice comes with quite a few micro selections and excessive emotional and monetary stakes. It’s scary. You don’t need to make the improper alternative and have remorse. Remorse robs you of confidence and peace of thoughts. And that’s what this complete e book is basically about: Discovering your means out of a disaster and again to a spot of confidence and peace of thoughts. 

Sooner or later in life, all of us should navigate a private disaster. Some small, some life altering. There are two kinds of choice crises that I work via with my shoppers on a weekly foundation: Exterior choice crises and crossroad’s choice crises. 



Source link

Tags: crisisdecisionswithoutFinancialregretin

Related Posts

5 High-Yield Stocks In Sarah Ketterer’s Portfolio
Investing

5 High-Yield Stocks In Sarah Ketterer’s Portfolio

September 30, 2023
CPP and disability: When should you retire and start your pension?
Investing

CPP and disability: When should you retire and start your pension?

September 28, 2023
Will weight loss drugs lead to less food consumption? Here’s what Walmart is saying
Investing

Will weight loss drugs lead to less food consumption? Here’s what Walmart is saying

September 28, 2023
Powered by Investing.com
  • Trending
  • Comments
  • Latest
The Best Credit Cards With Free DoorDash DashPass

The Best Credit Cards With Free DoorDash DashPass

November 23, 2022
UN warns banks that fund Saudi Aramco about possible human rights breach

UN warns banks that fund Saudi Aramco about possible human rights breach

August 25, 2023
Your Top 10 Will Questions Answered

Your Top 10 Will Questions Answered

December 22, 2022
1 in 5 Gen Zers Does This to Save Money

1 in 5 Gen Zers Does This to Save Money

June 1, 2023
European countries begin taking down public company registers after ruling

European countries begin taking down public company registers after ruling

November 23, 2022
Adam Tooze on Why the U.S. Housing Market Is Sliding and a 2023 Prediction

Adam Tooze on Why the U.S. Housing Market Is Sliding and a 2023 Prediction

3
How to invest in REITs: Everything you need to know

How to invest in REITs: Everything you need to know

2
The Smart Strategy for New Investors

The Smart Strategy for New Investors

2
CES 2023 Sees Strong Bitcoin (BTC) And Crypto Footprint

CES 2023 Sees Strong Bitcoin (BTC) And Crypto Footprint

2
Canna Provisions’ CEO Is Reinventing Cannabis Dispensaries As Destination Stores In Massachusetts

Canna Provisions’ CEO Is Reinventing Cannabis Dispensaries As Destination Stores In Massachusetts

2
Matrixport Sees Discounted Crypto Stocks as Better Investment than Bitcoin

Matrixport Sees Discounted Crypto Stocks as Better Investment than Bitcoin

October 1, 2023
What Are the 401(k) Contribution Limits for 2022 and 2023?

What Are the 401(k) Contribution Limits for 2022 and 2023?

September 30, 2023
Poland And Slovakia Pivoting To The Right?

Poland And Slovakia Pivoting To The Right?

September 30, 2023
Good news for inflation hawks

Good news for inflation hawks

September 30, 2023
Wall Street Expects Hot Oil Prices to Cool Down

Wall Street Expects Hot Oil Prices to Cool Down

September 30, 2023

Recent News

Matrixport Sees Discounted Crypto Stocks as Better Investment than Bitcoin

Matrixport Sees Discounted Crypto Stocks as Better Investment than Bitcoin

October 1, 2023
What Are the 401(k) Contribution Limits for 2022 and 2023?

What Are the 401(k) Contribution Limits for 2022 and 2023?

September 30, 2023
Poland And Slovakia Pivoting To The Right?

Poland And Slovakia Pivoting To The Right?

September 30, 2023

Categories

  • a
  • Commodities
  • Cryptocurrency
  • Economy
  • Education
  • Finance
  • Investing
  • Markets
  • Personal Finance
  • Real estate
  • Retirement
  • Reviews
  • Saving

Follow us

Newsletter

Subscribe to our mailing list to receives daily updates direct to your inbox!
  • Terms and Conditions
  • Privacy & Policy
  • About us
  • Contact us

© 2022 Financial Savvy | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • Finance
    • Economy
  • Education
  • Passive Income
  • Markets
  • Forex
  • Crypto
  • Real estate
  • Personal Finance
    • Personal Finance
    • Investing
    • Commodities
    • Saving
    • Retirement

© 2022 Financial Savvy | All Rights Reserved