When to Make Important Decisions

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Jonathan Levav of Columbia University and Shai Danzinger of Ben-Gurion University studied 1,000 parol decisions by various judges.  Seventy percent of prisoners received parol (were set free) in the early morning while only 10% of prisoners received parol by judges who decided on parol later in the day.

Why is this significant?

The judges, at different points during the day, suffered from something called Decision Fatigue – a loss of willpower, making it more difficult to make important decisions.

These judges were unwilling or unable to make critical decisions (free prisoners) when their willpower was at its lowest point. As a result, the judges chose the safest, least risky course of action – defer on their parol decisions.

The decisions you make affect the quality of your life. Poor decisions affect your life negatively and good decisions affect your life in a positive way. It’s critical, therefore, to make good decisions. But making good decisions can be difficult when you suffer from Decision Fatigue (low willpower). In order to guarantee that your decisions are good ones, it’s critical to make those decisions when your willpower is at its highest point.

When is willpower at its highest point? Willpower is at its highest point:

  • At the beginning of the day – during the first two hours after waking from sleep.
  • Two hours after a mid-day power nap.
  • Two hours after eating a low-carbohydrate meal.
  • Two hours after exercising aerobically.

Never make important decisions when your willpower energy is low and never enter into any negotiation when you suffer from Decision Fatigue – your willpower will be too low to make an effective counter-argument and you will find yourself on the losing end of every negotiation.

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Thomas C. Corley About Thomas C. Corley

Tom Corley understands the difference between being rich and poor: at age nine, his family went from being multi-millionaires to broke in just one night, due to a catastrophic fire that destroyed his Dad's thriving business. For fourteen years they struggled with poverty. There were eleven in Tom's family, and they lived in constant fear of losing their home.

Driven by the desire to unlock the secrets to success and failure, Tom spent five years studying the daily activities of 233 rich people and 128 poor people. He discovered there was an immense difference between the habits of the rich and the poor. During his research he identified over 300 daily activities that separated the “haves” from the “have nots.” Tom decided to write a book to share what he learned. That book, Rich Habits: The Daily Success Habits of Wealthy Individuals (1st Edition), went on to become an Amazon Bestseller in the United States forty times over a three year period. To give you some perspective, in order to be a true Amazon Bestseller in the United States, where you actually receive a specific Bestseller designation from Amazon, you need to be in the top 100 of all books sold by Amazon in the United States in a given day. Rich Habits did that for nearly thirty straight days, rising as high as #7, eclipsing such Bestselling authors such as Stephen Covey, Robert Kiyosaki and J.K. Rowlings. Imagine that - an unknown, first-time, self-published author selling more books than J.K. Rowlings!

Tom now travels the world, sharing his Rich Habits and motivating audiences at industry conferences, corporate events, universities, multi-level marketing group events, and global sales organizations’ presentations and finance conferences. He has even spoken on the same stage with famous entrepreneurs and personal development experts, such as Sir Richard Branson, Robin Sharma, Dr. Daniel Amen, and many others.

Tom has shared his insights on various national and international network, cable, and Internet television programs such as CBS Evening News, NBC News, Yahoo Financially Fit, Money.com, India TV, News.com Australia, and a host of others. He has been interviewed on many prestigious nationally syndicated radio shows, including the Dave Ramsey Show, Marketplace Money, and WABC.

Tom has been featured in numerous print magazines—such as Money magazine, Inc. Magazine, SUCCESS Magazine, Entrepreneur magazine, Fast Company magazine, More magazine, Epoca Magazine (Brazil’s largest weekly) and Kiplinger’s Personal Finance magazine—and various online publications, including USA Today, CNN, MSN Money, SUCCESS.com, Inc.com, and the Huffington Post. Tom is a frequent contributor to Business Insider, Credit.com, Bankrate.com and a few other media outlets.

National publicity has garnered international media attention for Tom and his Rich Habits research spanning 23 countries. Broadcast media, online publications, and television throughout Asia, the South Pacific, Europe, the United Kingdom, and Central and South America have shared his powerful message.

In an effort to help parents, grandparents, teachers and adults become success mentors to the younger generation, Tom released his second book, Rich Kids: How to Raise Our Children to be Happy and Successful in Life in 2014. This book was the self-help category winner of the 2015 New York Book Festival and Runner-up in the prestigious 2015 Writer’s Digest Self-Published Book Awards Contest. In 2016 Tom released his third book, Change Your Habits, Change Your Life. This book provides the latest science on habit change as well as more of Tom's unique research on the specific habits that helped transform 177 ordinary individuals into self-made millionaires.

Besides being an author, Tom is also a CPA, CFP, and hold a master’s degree in taxation. As president of Cerefice and Company, CPAs, Tom heads one of the premier financial firms in New Jersey.
 
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Comments

  1. Thanks for sharing. And agreed. I always get surprised at how much time people waste in the mornings. When that’s the most productive time of the day!

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