Jan 10, 2022
Welcome to Finance and Fury. Sorry for the break over the past two months – been busy with moving into our newly built place – been in a process of trying to clear out lantana and fallen trees from 5,000sm – that combined with helping take care of my daughter and the excess work in a led up to the end of the year I didn’t have time to get an episode out – sorry – all weak excuses aside – in this episode – We will go through Critical thinking for making investment decisions to make 2022 your best year yet
This is a great episode to start off 2022 – as this can become your most powerful ability to make correct decision when it comes to where to allocate your finite resources – everyone on earth has finite resources financially – even Jeff Bezos or Elon Musk has only so many billions they can spend – this is a massive amount – but without creating more – if they spend it all the money runs out –
3 Steps to critical thinking – Identify the correct question, evaluate and then make a decision
Critical thinking is important – allows you to come to the correct conclusion for your own situations
Let’s look at some Examples – First step it to determine what you want – through critically thinking about it – ask yourself questions – say you want to invest, and you come to the conclusions that this is to generate a passive income to retire early – then you have to make a decision on what to purchase
Really – it comes down to what you want to achieve and critically thinking through your decision
Critical thinking summary – Three stages – Identify the correct question, evaluate and make a decision
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