Decisionmaking Obstacle 6: Fear of Wasting Time and Money
When the fear of wasting and time and money is contributing to your indecisiveness, it’s usually because you believe one or both of the following:
1️⃣ If the decision requires you to commit time and money, and you do not get the exact outcome you want, then you will have wasted that time and money; and/or
2️⃣ If you’ve already committed time and money to a prior decision, making a different one is a waste of what you previously spent (i.e., the sunk cost fallacy).
These beliefs are only an obstacle because you believe that money and time can be wasted.
Wasting time or wasting money is a thought. Not a fact.
The only person who gets to decide whether something was a waste of time or money for you is you.
You can decide to believe you are never wasting, have never wasted, and can never waste your time and money.
You spent them. But you didn’t waste them. You always learn something or gain something from every experience. Even if all you learned was that you want to make a new decision now.
Even if you don’t want to ditch the belief that time and money can be wasted - you don’t have to focus on that. Instead, focus on what you gained from the past decisions and what you could gain from this next decision. What you stand to lose out on if you don’t make the decision that moves you towards the life that you want.
Some questions for you if you’re worried about wasting time and money:
🔹Even if if this decision doesn’t turn out the way that I want, what do I stand to gain?
🔹What have I learned from my past experiences and decisions that will help me after I’ve made this decision?
🔹How did you get exactly what you needed from that prior experience? How will you get exactly what you need from the next experience?
🔹What if it wasn’t a waste of time or money? How can that be true?
🔹What if it can’t be a waste of time or money? How can that be true?
🔹What is the cost of indecision?
🔹What is the cost of stagnation?
🔹What if the best is yet to come and the only thing holding you back is this belief that time and money can be wasted?
A ❤️ note to you: Got a big decision you’re facing? Just generally wish you were more decisive? Let’s do something about it. I help my clients learn how to make faster decisions, with less drama, guilt, overwhelm, and anxiety. Send me an email (jenn@jenndealcoaching.com) or schedule a free call with me at jenndealcoaching.as.me/consult to get started.
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