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My decision making process touches upon some of the points brought up in the article. I often speak about how I grew up poor without many options available to m
by fzeroracer 8y ago
My decision making process touches upon some of the points brought up in the article. I often speak about how I grew up poor without many options available to me (well, options that led to me being alive) so once I started my career suddenly my options exploded. Now I had many difficult decisions to make.
My decision making process always involves multiple alternatives and backup plans. What if I got laid off from my job shortly after starting, what if I suffer from some medical issue later down the line, what if a better opportunity comes along etc.
This process helps assess whatever weaknesses a decision might have and also helps calm my ever-present sense of economic dread. It's much easier to make a big decision when you have multiple backups if life throws a few curveballs at you.
And as it turns out when I got laid off earlier this year being prepared made it a lot easier to deal with. I almost never make a major decision without considering multiple possible outcomes; outside of the one I had to make to start my career.
- sjg007 8y agoOne other thing to keep in perspective is that since you grew up poor, you know how to live and handle it if it were to happen again. That should give confidence. Still I think having a savings buffer helps immensely.