Often in our lives we are asked to make decisions; small, medium and some of them really big. It is rarely an easy thing to do.

You see, the decision making process carries some Fears;
1. Fear of doing the wrong thing
2. Fear of not doing the right thing

Let me explain.
Often we are so paralyzed by the fear of doing the wrong thing that we unintentionally commit to not to do what is right or worst yet do nothing at all.

In my opinion not doing the right thing carries deeper consequences then doing the wrong thing. Why? Because to do a wrong thing is an understandable mistake, one we can learn from.

On the other hand, not doing the right thing carries no lesson, no future benefits. But it does carry feelings of guilt for some time into the future.

Here is an example from my past…
In 1992, I was approached by a friend to buy a condo.  He had just purchased in a small village north of Vancouver. I think I recall it being in Whistler.
He was asking $80,000, which was less then what he paid just 6 months before.
I thought about it for some time (maybe too long) and then made a decision based on fear of not doing the right thing and said no.

See in 1992, the Real Estate market was not fun to be around. Instead of me asking myself questions based on some facts I was afraid to say yes to something I knew was an opportunity.

So next time you are faced with a decision, try to identify your fear and where is it coming from. Then write down all of the Pros and Cons.  The last thing to do is assume the worst case scenario.

If I had known this in 1992, I would now own a condo in an area that is currently selling for as low as $500,000.

Tibor