MONEYTALK 007: Financial Decision Making

The fundamental component in the financial life of any individuals/entity, group or organization is “decision making”

Decision making is a process that involves the selection of a course of action among two or more alternatives of possibilities to arrive at the best outcome for a problem.

This process is extremely important in any situation that presents itself especially in a financial life. Everyone at one point or the other in life would take a decision that affects their life presently or in the future.

Your ability to make the right financial decision would determine or guarantee your financial freedom.

Unfortunately, we usually make decisions with almost no thought, using what psychologists call “heuristics” – rules of thumb that enable us to navigate our lives and this may have its own implications.

Note; Your level of exposure, mental maturity experience, knowledge and the information available to you mostly informs the kind of decision you make.

©Jerry.J.AFOLABI is a Financial & Economic expert who believes that ordinary people can do extraordinary things when given opportunity. Email; [email protected], Tel; +233541238987. #MONEYTALKGH SHOW#

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