Sharing financial decision.

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What influence us to make a financial decision is best known to us but most times they are things we spend most of our time with. So of us will always love to share this decision with our colleagues or friends just to hear their opinion on it. It is not as if they know better than us or we can't make decisions ourselves but we know nobody knows it all and we can't always get it right.

One mistake that people always do at the beginning of their financial journey is having too much confidence because even when people are advising them to let them see the fault in their decision they won't listen which sometimes leads to regret but as we grow we wiser and have a better understanding on how to make our decision.

Some people don't have anybody they share their decision with but grow with time to make better decisions based on the failure they made and learn from that failures to improve their chances of getting it right but these can waste our resources, time and effort and that is why we share our decision to avoid this long journey and sometimes we have people that has been through the process around us which have the knowledge and scars, we listen to them because to avoid common that people make.

Evaluation

There is nothing bad in listening to people but the mistake we will make is not doing our extra research. Sharing a financial decision can save us from a lot of stress and can help us in making better decisions. some of us get it right by just having people with better experiences around us. These people help in guiding and mentoring us. We should not be ashamed or scared when we want help but also be ready to do it better. 



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8 comments
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Thank you Chief, a good number of mistakes can be avoided if we opened up our intentions

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We should always try to do better and it never hurts to ask questions. At worst, you just need to ignore the answer if it doesn't match your own research. Things are constantly changing and nobody will have the solution to everything. That is where people with different perspectives come in. Evaluate everything from both ends and make a good decision.

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I have people I talk to about almost all the decisions I make and sometimes I realize I've been wrong until they correct me and guide me to do things differently. No one is an island of knowledge at all

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Recently, a friend of mine would've fell for an online scam if he hadn't share the financial decision with a group of his friends. We were able to evaluate the financial decision he was about to make based on the information he has given us, we connected the dots and found out that it didn't much, it wasn't sensible enough. We some deep research, we uncovered a legitimate scam.
It's always good to talk with people and ask their opinion when making financial decisions, especially big ones. But yes, one should also do their due deligence.

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I suppose having a circle of friends or the right people with whom we can share financial ideas or decisions and get helpful feedback is excellent. However, society is filled with less financially literate where most don't even know how to manage their own financial life.

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