Decision Making Framework (15 min)
Pro Tip: Commit to use this tool every day for 30 days. Either keep it with you or review it daily during
that time. Resolve to push back and say no when appropriate.
Decision Making Framework
The decision framework is designed here to address our financial goals; however, your personal goals and relationships can also be evaluated with this model as well. This framework will help you identify if you need to have “crucial conversations” with people in your life. Also, remember that you set the goal. It is perfectly acceptable to set a goal of “make my significant others, friends and boss happy and do everything they ask me to.” You might find though that you are constantly setting yourself on fire to keep
other people warm.
By far the most frequent argument against this strategy is that it takes significant time to explain why you are referring to the activity out or training the person to whom you want to delegate the task or decision. The answer is that the person that you are delegating to has a greater passion, skill, or more applicable decision-making style than you do, so there should not be a great amount of training in any case.
Regardless, the time spent training is much less over the long run than the amount of time gained, and the opportunities realized because of the initial effort. Each time you politely reject a task, refer to it, or delegate it, you communicate to the requestor that you
are not passionate about or suited to ideally perform the task. Do this consistently, and the requestor will be conditioned to only bring you tasks which are within your passion and skill set. We call these tasks opportunities.
Making your goals and boundaries clear has a multiplication effect, in that the requestor stops subtracting from your time, talent and treasure and starts adding to it. Maybe most importantly, consistently making decisions with this method will change people’s perspective of you. At first, they might be inconvenienced or even negative about not getting their requests (goals and objectives)
completed by you, but over time, they will come to respect you.