Our daily lives are composed many opportunities to make decisions big and small, in all areas of our lives. Some decisions have immediate effects and some have long-lasting effects and consequences, as in some cases. There are some life rules that can aid us in making decisions in life, one of which is the 10/10/10 Rule. Try make better decisions with the 10/10/10 Rule.
This is one of the non-negotiable experiences that we all have to go through in life. Whether it’s in a pleasant or stressful context, the decision-making process is an important step to make so we can move forward to our next step or stage in life.
You cannot make progress without making decisions.– Jim Rohn
The stress from decision-making usually comes from having to make a decision that is in conflict with our feelings at the moment, which is usually the result of a decision not being aligned with certain priorities or goals that we want to achieve. So how do we make the decision-making process easier and more effective?
Some of the harshest decisions that individuals need to make involve and affect the lives of many people. Top executives in big companies have to make such tough decisions regularly. So how do they do it? Wealthy people like Warren Buffet follow the 10/10/10 rule to make smart decisions.
The 10/10/10 Rule
The rule is simple. Each time you have to make an important decision, ask yourself these questions:
- How will I feel about my decision in 10 minutes? 10 months? 10 years?
This method allows you to examine your feelings about the decision you are about to make. If you feel that the decision you are about to make will result in you having negative feelings (e.g., regret, guilt, etc.) later on, or if it doesn’t align with your priorities, then you know that you are making the wrong decision or that you need to make some changes to the solution that you are considering.
This method allows you to look further into the possible consequences of your decisions and enables you to assess the situation in a long-term perspective. As you ask yourself these questions, you may find out that you have a more important priority than what you are looking at in the moment, or you may find a better solution (and make a better decision) to the issue you are facing.
Happiness can be defined as the fruit of the desire and ability to sacrifice what we want now for what we want eventually.– Dr. Stephen Covey
This rule works with small, daily decisions as well, such as whether you should give in to an impulsive purchase that you happen to find during a sale in a mall. Try it and see how it works for you.