Transcription
I've made personally $400 million from one decision I made from this. I have a six-step process and I call it OC EMR. I developed this way back then when I had a small business.
I thought I should start with decision-making, not by all the emotion that I may have of either anxiety or fear or excitement or passion. Either one can lead you astray. It's like, what do I want? What's the outcome? That's the first O. But start not with what you're afraid of. Start with what you want. And I also say don't ever do this in your head, 'cause you can't manage all in your head. So you write down the outcomes and then you put them in order and then you put the why. So now when you're crystal clear what you want and the order you want it in, and that's critical, what's number one? You got to be rigorous.
Now you can make decisions by going into the second O. What's what are your options? Now you may not like them all, but you shouldn't lie to yourself and say this is the only option. That'll stress you out. So I write out all the options. Then I go to C, which is consequences, which is what you're doing the decisions for. What's the upside and the downside of each of these decisions? To the best of my knowledge, the upside could be this and this. The downside could be that and that. Now you know what exactly you want. You know what your options are and you know the upsides and downsides of each.
So now we're going to go into the last three stages. I'm going to evaluate, mitigate, and resolve. E, evaluate. Now I'm going to evaluate what's the probability of those consequences. Because you might have something that's like, oh my god, if this happens, the worst thing on earth, but the probability is next to zero and you're all stressed out. Unless you evaluate probability, you're wasting your time. You might have some goal, oh my god, if this works out, it's going to be the greatest thing in the history of the world, but the likelihood of happening is zero. You can't let those extremes get you. So, you start to see by evaluating what's there.
And then the last two steps are fast. It's mitigation. Mitigation means, okay, I've seen what I want. I know my options. I know the upside and downside. I know what's probable. Now, could I take something from this option and mix it with this one? Is there a way to mitigate the downsides? And almost always there are. And at this stage, your brain gets really creative because it's not in fear or uncertainty or anxiety because you're not in your head. It's right in front of you. And the last part is resolve. And I gave you a million stories, it was too late to do, but I can just tell you, I've made personally $400 million from one decision I made from this personally. I'm just, I'm trying to give you an economic piece. What the spiritual emotional value has been on things is priceless.