One of the best illustrated instances of indecision occurs in the story of Alice in Wonderland in which Alice comes to a fork in the road and must choose a path to continue her journey. She seeks the advice of grinning Cheshire cat which appears out of nowhere. “Where are you headed?” the cat asks Alice, to which she replied, “I don’t know.” “Well,” the cat smugly responds, “then it really doesn’t matter.”
With no clear destination or goals, it’s impossible to make decisions with any degree of clarity and any path we choose will be paved with uncertainty. Setting well-defined financial goals based on a clear vision of what you want to achieve and a time horizon for achieving it, is essential if you ever expect to achieve it.