Willowz said:
I need to think less about things. Thinking about things means that you have to think about the things that have to be done after those things are done. bla bla bla
Too much to do, not enough time? I have that problem, and most of it is my own doing. A trick I learned long ago helps. Make three columns. The first is a priority column, as follows:
1. If I don't do this I will go to jail.
2. If I don't do this I will go to court.
3. If I don't do this it will cost me money (loss of job, fines, etc.)
4. If I don't do this people will be mad at me (boss, family, friends, neighbors, bad credit)
5. If I don't do this I may miss out on some opportunity.
6. If I don't do this nothing bad will happen; I simply want to do it.
Most things can be appropriately prioritized on the above column alone. Obviously, take care of the higher priority (low numbers) items first.
The second column is a "Gain if I do" column, and the third is a "Loss if I don't" column. These are usually the same amounts, but not always. For example, paying a speeding ticket might be a -$100 in the Gain if I do column, but a -$200 in the Loss if I don't column ($100 for the ticket and a $100 additional fine for not paying it on time). Similarly, investing $100 at 10% for a year would be $10 in the Gain, and $0 in the loss.
Subtract Gain - Loss. Thus, the ticket would be a positive $100. Yes, it may cost you $100 to pay it, but not doing so will cost you $200, with a net loss of $100, so it's in your best interest to pay the ticket, to the tune of $100. Similarly, investing $100 at 10% results in only a gain if you do, and no loss if you don't.
If you're choosing between alternatives, whether to use that $100 to pay the ticket or invest at 10%, the Net (Gain - Loss) for paying the ticket is $100 while the Net (Gain - Loss) for investing is just $10.
Obviously, you'll want to pay the ticket.
You can use this for pretty much any decision you make, such as whether you should rent for the next 3 years or buy. Be sure to include all potential gains or losses for each option on a net after taxes basis.