We often think in terms of maximising benefits, but thinking in terms of regret minimisation can help us see our options—and their trade-offs—differently.
I was extremely lucky to take a little over half a year to travel between finishing university and starting my first job. I got to swim in the seas of countries far from home, eat foods I didn’t know existed, and learn a new language.
When I look back on that experience, I regret nothing. Although I didn’t have a lot of money, I didn’t have any responsibilities. It was the right life experience for the right time of my life.
As I think about the future, I’m thinking deeply about regret minimisation. I’m asking myself, “What experiences do I want for myself and my family that I know we’ll never regret? And I’m thinking about how to make them happen.
What are your regret minimisation options?