As there are different stories told on the pathway to financial freedom, it is really difficult to ostracize specific formulas along the way that can be applied ubiquitously. One of the more revered but less investigated moves is what successful individuals call guts or instincts in decision making.
It is a given that we are habitual beings, often acting on impulses and not really thinking things through sometimes. While that may be enough for small wins like dates, lotteries, how applicable it has been at improving our financial standing in the long term is one thing that needs to be analyzed.
A lot of times we can be undecided for a very long time when having to make a choice. When it comes to our finances, the fear of losing the little we have amassed can often cause indecision rather than risk losing it, blinding what benefits are there to be gained in the process. For instance I got into the crypto space relatively early [2017] and had considered putting some fiat in bitcoin [January 2017 I think]. I didn't as my financial position was in a poor state then compared to now only for the currency to gain crazy percentages by the end of same year. I didn't bother to know what my guts were telling me at that point, merely choosing to preserve what I had.
That is the problem with indecision. I'll admit that it does in a sense provide stability and for the content can create a decent life, as I have taken this path most above the others. Still, opting to miss out on an opportunity not because of satiation but fear will largely lead to regret. If it is a question of which two choices to make, I think one is needed for a more complete experience.
How Much of It Though is Really Instinct?
I have often wondered if there was some complex processing that works in play at the background inside our heads before we make what we call spontaneous decisions. When a person makes a sound investment decision or even chooses a random coin in the crypto space that moons could it be the work of a paradigm subconsciously formed in our minds? If a gambler gets lucky selecting some games that win the prized betting pool, could it be that constantly working out the algorithm has in a way triggered such luck? or maybe made the person make a more informed randomized decision.
I always believe there is a role we play in the optimization of luck, even when following our instincts. A sense of consistency in developing our minds towards whatever decision we are to make may just trigger such sound receptors that prompt better decisions. After all, as the saying goes:
*Luck is when preparation meets opportunity