How to Choose –  SHOW NOTES

www.goodbetterright.com.au

Season 1, Episode 7 : Important Decisions

Tessa Mudge & Ken Smith

INTRODUCTION

In this episode we look at non-urgent decisions, figuring out what’s important, and how to make time for it in our busy lives. 

KEY TAKEAWAYS

  • The ‘important but non-urgent’ quadrant AKA the magic quadrant! 
  • Importance of delayed gratification for achieving goals
  • Don’t commit your time on this big projects until you’ve considered your ‘why’ and your values
  • Sticking to your goals with ‘big rocks’

LINKS

Here’s a four minute video explaining Stephen Covey’s Urgent/Important matrix. And a very retro Covey explaining how his Big Rocks concept works.

Do yourself a favour and learn more about the power of compound interest! There are even handy calculators to help motivate you to start saving today.

We talk about values in this episode to go a bit deeper into what you value and what then becomes a non-negotiable in your decisions making check out this blog post.

WHAT TO DO?

  • Talk about these concepts with other people – this is a proven way to reinforce learning
  • Subscribe to How to Choose
  • Drop us a line at [email protected] 

IN OUR NEXT EPISODE…

Next episode we’ll be learning about opportunity cost, the sunk cost fallacy and its relevance to decision making.

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