Contributed by Sprott Money. Click here for the original
America’s top forecasters missed the 2008 market crash, during which stock investors lost half their money. Now with stocks approaching bubble territory it looks they are again ignoring warnings signs. What gives?
The biggest red flag is the S
More and more older individuals are choosing to go to college. It is an extremely modern trend that sees a higher number of mature students wanting to attend lectures and obtain a degree than ever before. It is no surprise considering the educational opportunities that are available now were probably not available to them when they left high school ten, twenty or even thirty years ago. Going to university is not a novel concept but it may seem that way to individuals that never had the opportunity. Now that they do have the opportunity, they want to make the most of it!
A mature student may apply to go to college for any number of reasons. It may be that they feel a career change is in order, or that they want to do something for themselves now that their children are old enough to fend for themselves. These are the two most popular reasons why individuals apply to college in their twenties, thirties, forties and even fifties, but what about the financial wrench that their families will experience as a direct result of one less income to deal with when they do attend a campus based university or college? Education would then be their full time pastime, but what of the lost income?
Scholarships For The Older Generation Explained
There is financial aid available for mature students, and only for mature students. This means that you do not have to compete with the general public for grants and scholarships, only people over the age of twenty-five. Some may actually stipulate that the minimum age is thirty, but they are in the minority. There is national, state and college funding available for mature students because the government is dedicated to getting a high number of individuals over a certain age into education as part of their initiative to bring education to the masses. Most colleges and local governments have followed the federal government initiative and recognised that a massive section of the workforce would be neglected if older individuals were not encouraged to apply.
Applications from older individuals usually depend on whether or not the potential student
Decision-making process for personal and business use
Making business decisions for profit, everything we decide to do in life, either immediate, short term or later on eventually has an effect. To self, others or the environment that surround us, whether a family, personal values, social, economic, the green environment, financial or political. The personal direct ones are; fitness and health, food and nutrition, family and friends, and social ethics. Here is an Audio Video link to Decision making process explained.
Decision-making process and reflection after the outcome
Do you ever second guess the decisions that you have made? I guess you do, especially if the decision turned out not so rosy as it first appeared. Regret can automatically take back the thoughts to the moment of decision, how that point of time could have changed the future. E.g. while shopping in a mall you go about looking at the display windows as you walk past them, at one of the windows you stop and look closer longer, and then decide to go inside and have a closer look of the items on display, they could be shoes or handbags or clothing. You know in the back of your mind that the price is way over the top, and that it is way beyond your budget for that given month. But temptation works slowly but surely and you end up giving in to that illusion of reward that the item is representing to you at the time. It was the impulse that flicked the switch of no return, no going back on the purchase of the item. See details to a study course on decision making here,
The alternative would have been to have a 3 step plan before going into the shopping mall; a) knowledge of what you need to buy, b) how much you have to spend c) what your budget is for the that month.
Decision-making process also as a reminder, writing down on a piece of paper the amount that you have for spending on any other items that you may discover on hunting for a sale during that trip to the shopping mall.
The regret may come up on the same day or a few days later, the purchased item may not fit you as it first felt, it may not be as comfortable as it appeared to be. Maybe the item was shoes which were on a sale but the intended use was not made for that specific use that you needed shoes the most, it was the wrong design for your favorite most needed application. That is one example when the second guessing starts to roll, and bring alternative idea examples made at the time of purchase:
What were you thinking
Why did you make the purchase
There were so many other alternative locations, places and time to look later and ask for prices
You could go back to the retail store and return the item as unwanted
Lessons learned in the Decision making process
The goal of the Decision making process is to train you how to make confident decisions, every time. Some people will rely more on the process technique and others lean more on the side of intuition, but be cautious with intuition because impulsive buying can easily be powered by intuition. The safeguard is to use a reliable decision-making process that lays out a plan that clearly shows what the budget is, and where the spending priorities should go to.
Decision-making process, how to make a good decision and what is the best decision? Don’t waste time in making bad decisions, it is the long road, around and around that delays you from your destination and dreams. Learn to use a formula, a process, on how to make the best decision for your own good. The right decision, how does one know what is the right decision? A right decision is not impulsive, it is based on real facts, reality, personal values, company values and policy .
The Decision making process is the focus point of the training course, not so much attention on the problem
The objective goal of confident decision making. It is by knowing what your personal/company values and service policies are. The decisions are made with understanding and the support of a knowledge base. It is important to have such knowledge base so that communication and delegation of values/policy can be made with confidence.
How to delegate decision making in a business, first there needs to be a blueprint of the values, policy, and standards, before delegation can be communicated effectively.
A responsible delegation of responsibility to staff subordinates needs clear communication or company orientation training, which in turn points to the owner-managers of the company, have they mastered the art of decision-making, and what are the values and company policy.
Micro management is fine example of disorganized company management and poor communication habit of values and policies.
With a thorough knowledge of personal/company values or policy, communication can be achieved in less time and better results, that subordinates can refer to the resources at their own pleasure. This also gives more slack and loosens the reins of management to do the work which they have called and trained to do.
Decisions don’t always rely on a process, once the process becomes familiar and second nature then intuition can easily plug in new ideas and inspiration to the evaluation of opportunities and environments of decision making. But the process is the guide and safe guard for objective goals.
Right decision have the ability to empower, bad decisions and bad outcomes do the opposite, they diminish the positive energy susbstance out of confident decision making. Maybe not all right decision has the best outcome, some outcomes of even the best decisions have appalling outcomes, but making the right decision is always the best bet. Decision-making process is resource of a technique made available at the best decision coach.com, but if your budget does not allow for a purchase of the product, then don’t do it, make your own research, be honest, transparent in your own thinking, become more familiar with the issues that you wrestle with making decisions, and ask lots of questions. All the best of luck with your future decisions. –Best decision coach.