Today At A Glance

  • Deep Dive: 3 Ideas For Making Better Decisions

reading time: 3 minutes

3 Ideas For Making Better Decisions

Idea 1: Gather Information

You need good information if you want to make good decisions. That’s because, without information, you have no basis from which to make your decision. For example, consider how effective an auto mechanic would be if they knew nothing about your car.

You can gather information by researching, taking a course, or asking questions.

Idea 2: Filter

After you gather your information, the next step is filtering. Filtering is important for a few reasons.

  1. Not all information is relevant
  2. Not all information is important
  3. Too much information tends to be overwhelming, which clouds your thinking

Here are three ideas you can use to filter information.

1. Keep the goal in mind. If any information does not directly contribute to the decision you are making, get rid of it.

2. Ignore the finer details when possible. You don’t always need the finer details. At times all you need to make a good decision are broad concepts. Knowing this, you can save yourself a lot of time by filtering out the finer details whenever they are not needed.

3. Validate your sources. There’s certainly no shortage of bad information. Bearing this in mind, make sure you vet all of your data before adding it to your pool of knowledge.

Idea 3: Don’t Hesitate

One of the worst decisions you can make is deciding not to decide at all. I made this mistake after my first business failed. Because I wanted to be sure I wouldn’t fail again, I spent months being indecisive about what second business I should start.

Here’s how you can avoid this problem. Know that at any given point in time, you have a given amount of information. If you want to keep your life moving forward, you can’t wait for perfection or absolute certainty. If you do, you’ll get nowhere.

Instead, you have to make the best decision you can with the information you have. If you make a mistake, that’s ok. That’s because failure often provides the information you need to succeed in the future.

Want More?

My video and article on decision-making are full of additional information.

The full-length versions include:

  • Five more ideas for making good decisions
  • A discussion about when using a decision-making framework is harmful
  • Lots of helpful examples and diagrams

Be sure to watch or read to learn more decision making.


Chris Thornham 80/20 Financial Planner
Take Control Of Your Finances

Reduce financial stress, reach financial freedom, and achieve financial goals like buying a home, paying off debt, and investing for retirement.

Ten Thousand Dollar Giveaway Sweepstakes Entry Contract

By entering this Ten Thousand Dollar Giveaway Sweepstakes (the “Sweepstakes”), you agree to the following terms and conditions:

1. Eligibility: This Sweepstakes is open only to legal residents of the United States, Canada, the UK, and Australia, who are 18 years of age or older at the time of entry. Employees, contractors, directors, and officers of LLC, its affiliates, subsidiaries, advertising, promotion, and fulfillment agencies, and their immediate family members and persons living in their same households, are not eligible to participate.

2. How to Enter: To enter, visit, and complete the entry form with a valid email address. No purchase is necessary. Only one entry per person is permitted. Automated, robotic, or programmed entries are not allowed, and any such entries will be void.

3. Winner Selection: The winner will be selected in a random drawing from among all eligible entries received. The odds of winning depend on the number of eligible entries received. The winner will be notified by email and will have 30 days to respond and claim the prize.

4. Prize: The prize for this Sweepstakes is $10,000 USD. No substitution or transfer of the prize is permitted, and no other alternative will be offered. All taxes, fees, and other expenses related to the prize are the sole responsibility of the winner. The prize will only be awarded if at least 10,000 eligible entries are received during the Sweepstakes period. If less than 10,000 eligible entries are received, LLC reserves the right to cancel the Sweepstakes, in which case no prize will be awarded. LLC may, at its discretion, extend the Sweepstakes period in order to reach the minimum number of eligible entries required to award the prize.

5. General Conditions: By entering this Sweepstakes, you agree to be bound by these official rules and the decisions of LLC, which are final and binding in all respects. LLC reserves the right to disqualify any individual who tampers with the entry process, violates these official rules, or acts in a disruptive or unsportsmanlike manner. The use of any automated or programmed entry method or any other means to obtain multiple entries is prohibited and will result in disqualification.

6. Release and Limitations of Liability: By participating in this Sweepstakes, you agree to release and hold harmless LLC, its affiliates, subsidiaries, advertising, promotion, and fulfillment agencies, and their respective directors, officers, employees, and agents from any and all liability, injury, loss, or damage of any kind arising from or in connection with your participation in the Sweepstakes, the awarding, receipt, use, or misuse of any prize, or any other matter related to the Sweepstakes. LLC is not responsible for any incorrect or inaccurate information, technical failures, or any other errors or problems that may occur in connection with the Sweepstakes, including any injury or damage to your computer or mobile device.

7. Governing Law: This Sweepstakes is governed by the laws of California, without regard to its conflict of law provisions.

8. Privacy Policy: Information collected from entrants is subject to LLC’s privacy policy, which can be found at

9. LLC reserves the right to modify, suspend, or terminate the Sweepstakes, in whole or in part, for any reason, including but not limited to any error, technical problem, fraud, or any other cause beyond the reasonable control of the company that affects the administration, security, fairness, or proper conduct of the Sweepstakes. In the event of any such modification, suspension, or termination, the company may, in its sole discretion, choose to extend or shorten the Sweepstakes period by up to one year from the original end date of May 4, 2023.

By entering this Sweepstakes, you acknowledge that you have read and understood these official rules and agree to be bound by them. If you do not agree to these terms, do not enter the Sweepstakes.