Life's Most Important Questions

Three additions to my “Life’s Most Important Questions” list…

These questions were adapted from an excellence book on money management by Carl Richards–The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money.

Richards was dealing mainly with investment decisions but I tweaked them a bit to apply to any decision.  I look at them almost everyday; they are:

  1. If I take this action and I am right, what impact will it have on my life and the lives of my family and those I serve?
  2. What impact will it have if I am wrong?
  3. Have I been wrong before?

Often the difference between success and disaster is stopping long enough to take a second look just before making the plunge.  These three questions have helped me on numerous occasions to stop long enough to take that second look.

 

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