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What is the 555 rule?

But, The Rule of 555 allows you to frame your decision at a point in the future. Then to take your own thinking (possibly combined with trusted advisers) into consideration in order to provide an assessment of the implications in … 5 days, 5 weeks and 5 years. Not every decision you make requires a deep sanity check.

medium.com - Using The Rule of 555 when Making Decisions | by Jeff Shuey - Medium

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Using The Rule of 555 when Making Decisions

The Rule of 555 is simple… It’s all about determining the value and implications of some action or decision.

This is The Rule of 555 in a nutshell

When you’re trying to make a decision think about how it will impact you in:

Five Days

Five Weeks

Five Years

That’s it!

Pro Tip: You can substitute different time frames to suit your needs.

There is no wrong answer. This is a thought exercise that allows you to explore options and ideas before making a commitment.

Future Implications

The Rule of 555 allows you to imagine a decision in the future. What will be the implications of this decision on your life? And on the lives of others that will be impacted? That’s the simplistic nature of The Rule of 555. The Rule of 555 has overlaps to what I call a Step Back Optimism in the sense that you get to project your future situation from the comfort of your own couch.

Doubt is not a pleasant condition, but certainty is absurd. ~ Voltaire

No one can see the future perfectly. But, The Rule of 555 allows you to frame your decision at a point in the future. Then to take your own thinking (possibly combined with trusted advisers) into consideration in order to provide an assessment of the implications in … 5 days, 5 weeks and 5 years.

Bring in Third Parties

Not every decision you make requires a deep sanity check. However, there are times where it is wise to bring in additional thinkers. When you have time, and especially when you’re thinking in weeks, months, and years; you have the luxury of being able to bring in third parties for a consultative opinion. This is where you turn to your peers, your mentors, your family, and your friends. If you think this decision might impact them in your 555 timeline you may want to get their opinion and ask for their thoughts. That’s just good decision making.

Everyday Decisions

Every day we make decisions that impact our lives and the lives of others. Not all of them need additional counsel and not all of them need a framework like The Rule of 555. However, when you’re trying to make a big decision having The Rule of 555 to rely upon is something you can have in your tool belt that will ultimately help you stand out in your career.

Big Decisions

Let’s say you’re trying to decide on what your next career step might be, or whether you should take a job out-of-state, or whether you should buy that house.

How to use The Rule of 555

It’s very easy. Take out a piece of paper and write down four columns.

Column One is the decision

Columns 2, 3 and 4 are the timeline.

For example;

Decision: Buy a new house.

Timeline: 5 weeks; 5 months; 5 years

Action: Write down your thoughts in each column.

A lot of decisions may cross your mind as you think about these five timelines for this decision.

This was originally posted in the #1 Career Blog for Millennials

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I am also a contributing author to Entrepreneur, Elite Daily, Yahoo, US News and to the Personal Branding Blog

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