Finance & Fury Podcast

Welcome to Finance and Fury. Today’s episode – how to build a framework for decision making – for investments or wealth building strategies Not one set way to make a decision – everyone is different – everyone has different situations – people make decisions in different ways – Emotional decision making – some people just go with their gut – Logic/formula-based decision making – following a framework on what to do both have their pros and cons – the first one enables you to take actions quicker in some cases – very useful for decisions using heuristics - If we make too many decisions in a day – eventually get decision fatigue Which is the deteriorating quality of decisions made by an individual after a long session of decision making Not all decisions are made equal - what to have for dinner is different to decisions like which investment strategy to follow – or which investments are correct So when making smaller or non-important decisions – normally go with heuristics – not getting too bogged down in lo