The book “Decisive” by Chip Heath and Dan Heath is technically a business self help book but in it is a decision making Strategy that is golden and one that can be applied in most areas of life be it work or home.
Chip and Dan uses a strategy that they’ve concisely made in the acronym “WRAP”.
W- Widen Your Options
R- Reality Test Your Assumpsions
A- Attain Distance Before Deciding
P- Prepare to Be Wrong
It’s easy to remember the “how to” in the decision making process by remembering this acronym. The word WRAP also gives me the feeling to “wrap up” important decisions when I’m faced with them versus avoiding or floundering . Wrap it up! Let’s get into the details of WRAP:
1) Widen your options when you encounter a choice. Do all that you can to expand your set of options. Ask questions or looks at decisions from another perspective. Narrow framing of decisions makes you miss options.
2) Realuty test your assumptions. It’s important to look at decisions from other perspectiv. Get outside of your own head and collect valid and trustworthy information. Ask qualifier questions. Understand and know your biases and put them aside.
3) Attain distance before deciding. Short term biased emotions can cause us to make ill choices so it’s important to overcome those conflicted feelings in order to make the best choice.
4) Prepare to be wrong. Who wants to be wrong? No one, but the truth is there are times we make wrong decisions not because we want to but because they happen. Our day to day decisions like where to eat lunch are often effortless but the tough decisions can take a toll. If decisions are wrong we want to minimize collateral damage like anger or hurt when a new direction is being taken. We want a sense of fairness (within a group that the decision affects).
The WRAP process, if used routinely, will contribute to a sense of fairness, because it allows people to understand how the decision is being made, and it provides comfort that decisions will be made in a consistent manner. We all strive off of consistency.
Jay-Z recently blessed the masses by dropping his most recent album, 4:44. (Tangent, Is it a coincidence that if your hold down the “shift” key “444” turns into “$$$”?) When we think of Jay-Z we automatically think of his equally accomplished wife, Beyonce. We think of excellence. We think of Dollar Bills and Coins! The amount of money that they have both amassed is something to brag about. They have social, economic and political clout. They have success. Most important, they personify financial freedom.
The songs on the album go into so many areas of Jay-Z’s life. He talks about infidelity, maturity, dedication to family, sexuality, race relations and a few other topics I’m sure slipped past me. The one topic that Jay rapped about and resonated with me was “financial freedom”. Now, make no mistake, he’s touched on the topic before–remember “until you own your own you can’t be free.” This album goes deeper. In the song and video that was released, “The Story of O.J”, Jay-Z goes in depth regarding the need for us to invest, pass on an inheritance to our children and build our communities by buying property. He depicts himself in a racist cartoon in the video to show that even though a Black man can amass great wealth/success in America, he is not just looked at as a man but as a… There is a sadness in the black and white cartoon. At least a sadness for me in that here, a 40-year old brilliant man feels the artistic/social need to depict himself as a racist cartoon from the 1920s because there is still relevance. I recently asked a friend if we will ever transcend race in America and the answer was a resounding, “no.” I’m keeping hope alive that we will begin to see each other as people and not just our race sooner rather than later.
I feel like I’ve ebbed and flowed all over in my writing this post but this is my norm. Bear with me. As a 40-year-old it is only appropriate for Jay-Z to address financial freedom. I’m 40-year-old and upon turning 40, maybe even into my late 30s, my finances was all I thought about. Gone are the days where I lived to rip the mall down and buy everything in it. I simply got no pleasure from that anymore. My high comes from reading my 401k statements and thinking of investments that I can one day pass on to my child or making moves now that can give the younger children in my family an advantage later on.
Financial freedom comes with education about finances. We aren’t taught financial literacy in school so this is where self-education comes into play. Thank goodness for the internet and even social media. There is so much information on hand in books and in media. I borrow books from the library and follow some fabulous people on social media to learn new skills and gain ideas.
Take a listen and browse Vibe’s site: http://www.vibe.com/2017/06/jay-z-the-story-of-oj-video-444/
Eonline also did a great wrap-up: http://www.eonline.com/news/864291/jay-z-s-4-44-lyrics-all-about-beyonce-cheating-solange-the-twins-and-becky