To make the best decisions in life, including wealth creation, you must understand one key thing....

In my humble opinion, creating a great life and generating wealth is much easier to make happen if you have a passionate reason for doing what you're doing in the first place.

For me, when it came to wealth creation, it wasn't about just building wealth for the sake of it. Sure, initially it may have been, and during those times, it was difficult to stay focussed and especially difficult making the right decisions.

In the early days, I was rather reckless with the way I went about wealth creation and life in general. Much time, effort and money was wasted. It wasn't until I had a family to think about that I then understood why I actually needed to create wealth, and needed to become more responsible with the way I behaved and led my life.

Until then, I had not figured out my "why" - the reason I needed to create wealth.

Until then, it was just a desire to be wealthy.

Until then, there was no actual driving reason for it, there was no "why". It was simply a challenge.

Once I had kids, I started thinking how hard it was for me and how I didn't want them to suffer the same way. I wanted to be able to provide for them as best as I could. To help them get a good start in life with a good education. I wanted to be a good role model. I wanted to teach them how to become successful in whatever they chose to pursue. I wanted to show them that no matter what, a person can achieve their desires if they really wanted to.

I also came to realise that if anything happened to me, that the above was not going to happen. So, I stopped doing irresponsible things. Things that would risk my health, my business, my effectiveness and hence my family's livelihood. I understood that my income generating potential and hence family was dependent upon my keeping myself alive and well.

When I finally had a true heart-felt reason for creating wealth, my decisions were more calculated and less reckless, I was more focussed and more determined to create what I set out to do, but I only got my act together when I finally realised my "why".

I believe you must find out "why" you want to create wealth. in order to become wealthy.

Everyone's why is different. For me it was family.

You need to find your "why".

Having said all of the above with regard investing, the same applies to life and relationships.

You will always be required to decide whether or not to go ahead with a decision - and you will always need to figure out WHY you should or should not go ahead.

From the very beginning, when my kids were small, I taught them to make decisions carefully because all decisions, have consequences that may not become obvious for a long time - sometimes not for years.

Though a decision may seem correct at the time, it may actually be the wrong decision.

The best way I find to make a decision id to make a pro's and con's list. That's where you grab a sheet of paper, draw a line down the middle. On the right hand side, list all the reasons why you SHOULD go ahead with a decision, and on the left list all the reasons why you should NOT go ahead with the decision.

Once you have a list then count the number of Pros v's Cons and see if one of the lists far outweighs the other. If it does, then you may have your answer as to why you should or should not do something.

If the Pro's and Con's are close, the determine an arbitrary score of 1-3 for each point for and against based on how important or how big an impact that point has on you. Then add up the points for the Pro's and the oints for the Con's and hopefully that makes things clearer.

If after doing all of this, and the results are still too close for your liking, and you cannot make a decision, then read the lesson "What to do when you don't know what to do" (there is a link below for that lesson).