In Career, Discussions, Discussions, Money

A fast guide on how to make decisions about anything

This is what I do when I want to make a decision about anything major.

Of course, if it’s because I’m a little hungry and I am trying to decide between ignoring my stomach, or going out to spend $7 on some fast fix sushi, I don’t go through this lengthy endeavour. Otherwise, for career, life, and everything in between, this is the formula I’ve come up with:

  1. Write down all your options (status quo included, meaning ‘do nothing’)
  2. Go through each option in detail to flesh out the idea
  3. Think about the pre-requisites of each option
  4. List the pros and cons of each option
  5. Put some numbers to it — how long? how much will it cost?
  6. Rank each plan
  7. Make a decision
  8. Create a plan for your goal(s) based on your above framework
  9. Execute
  10. Come up with a Plan B, just in case something monkey wrenches Plan A

There’s not much else to it. These steps let you over think and analyze everything, which eventually reveals one option that floats to the top as the true winner. The above steps are how I decided to…

  • quit and start my own company
  • sell my blog(s)
  • move to another country
  • come back to my own country
  • move to yet another country (country #3)

All of the above decisions have been good, considering the situation at the time and where I was in my life.

Did I lose time and money along the way? Yes, not all my decisions have been 100% awesome. Did I gain more than I lost, either in knowledge or money?

Absolutely. I’d go back and have done it all again. The worst decision you can make, is to do absolutely nothing at all and to leave things just the way they are, wondering 20 years later if you should have done something.

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Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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  1. dunny

    Somehow I missed the move to country #3. Which post was that?

    1. save. spend. splurge.

      The third country was to be Australia. I didn’t move because I ended up making a decision about staying in Canada after all 🙂

  2. ElleX

    I needed to read this today. Thanks!!!

    1. Mochi & Macarons

      You’re welcome. Enjoy!!


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In a nutshell…

Save. Spend. Splurge.
[ wealth. style. minimalism. ]


MOST DEBT: cleared $60K in 18 months

MONEY: Hit $1M personal net worth At 36

NEW GOAL: $1M in invested assets


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