#16 These 14 questions will help you avoid making big money mistakes

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#15: Financial independence requires a level of confidence. But sometimes we can get stuck in indecision not wanting to make a mistake. In this episode Ryan and Terry discuss why we need frameworks for financial decisions and Terry walks through a live example from Ryan's life. These fourteen questions will help you sidestep indecision and avoid the predictable mistakes we make when making big money moves. 

Also in this episode:

• How decision making is correlated to goal achievement.
• The surprising reason why pros avoid using 'intuition' for high stakes decisions.
• How to use an idea from the scientific method to avoid misjudging your decisions and needlessly changing your approach.
• How to uncover the arena's in which you can manage and mitigate risk before you pull the trigger.
• How to 'play the odds' using expected utility to improve your decision making. 
• How to 'read the play' and see two and three moves ahead to anticipate outcomes before you decide. 
• The simple question that creates conviction and empowers you to execute a decision in the face of irreducible uncertainty.
• Why setting a review date protects you from yourself and others. 

Show notes:
https://cashflowco.com.au/episode16/

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