We want to make good decisions.

But, when faced with a sea of shimmering opportunities and endless choices, making good decisions can be difficult.

It's fairly simple to decipher between three choices. However, ten, twenty and thirty choices can begin feeling homogenous with one another.

This inevitably leads to analysis paralysis and can cause us to make rash decisions that might alleviate ourselves of the short-term pain of "not knowing what to do" but come with longer-term negative consequences.

This is why the process of elimination can be helpful, particularly a framework we'll call: The good, the bad and the ugly.

Begin by eliminating choices that are downright ugly.

These are choices that either compromise your integrity or put you at risk of injury, financial ruin or reputational damage.

Charlie Munger once said, "All I want to know is where I'm going to die, so I'll never go there."

Figure out the choices that will kill you and then take them off the table.

Next, eliminate the bad choices.

Bad choices tend to have the following qualities:

1. They're unexciting
2. They're uninteresting
3. They offer little to no upside

Once these are removed, you're left with the good choices, which you've hopefully narrowed down to three in number.

I define good choices as options that are exciting or interesting, come with a high amount of upside and place you at a unique advantage.

From there, the choosing becomes easy.