Tag: risk

The fear of losing is holding you back

People fear losing so much that they end up losing. Everyone wants to be rich, but they are so afraid of possibly losing money, that they don’t invest. They lose out on reaching their potential because they play it too safe. It’s like the saying goes, everyone wants to go to heaven, but no one wants to die. But if you don’t die, you can’t go to heaven. You are going to have ups and downs in life, you’re going to have failures and setbacks. But if you avoid risk altogether, you’re also avoid reaping the best rewards and guaranteeing that you won’t reach your full potential.

No risk = no reward.

Your level of success depends on this

You can be mildly successful by never going out of your comfort zone, never speaking up or standing out, and never really risking much. But when you don’t risk anything, you cap your upside.

The best social media influencers realize this. Many of them say provocative things to increase engagement. The greater amount of comments on their post will tell the algorithm of Facebook, Instagram, etc that this is a popular or trending topic and then shows that to more people (which, if it really is a controversial post, often leads to more engagement). It’s a self-perpetuating cycle. To gain the greatest social media success, you can’t stay small. You have to be ok with people disagreeing with you (sometimes vehemently). It’s easier, and more comfortable, to not post anything. But if you don’t say anything, it will be harder to be seen. To maximize your success in this avenue, you need to be willing to step outside your comfort zone, to speak up, to stand out, and to risk being criticized.

I really don’t like using that example because I don’t want to encourage anyone to say something they don’t believe in just to get more likes, follows, comments, recognition, etc. But I used that example because I feel like many people can understand it. If you value comfort, stay small and unrecognizable. But if you value maximum exposure, you’ll have to take the good (success) with the bad (risk of failure).

Facing your fears – incrementally vs all at once

The way I see it, there are two ways to successfully face your fears. You can gradually/incrementally introduce yourself to your fears (taking baby steps – learning more about it first, then being around it, then facing it in an unimportant situation, then facing it more regularly) OR you can dive right in and surround yourself with them. The best approach depends on how devastating the outcome could be and what your mindset is.

If there are irreversible repercussions to you failing, then you should take the gradual approach. Read about what you are going to face, talk with other people who have conquered that fear, listen to books/podcasts/YouTube videos, etc. Then just go and be around whatever you have to face. You don’t need to face it yet, but the nearer you are, the more acclimated you’ll get. Start by going once per week then increase the frequency. As you become more familiar with the event, your fear levels will likely go down.

If the stakes are low if you fail/mess up, it’s probably best to just jump right in and learn on the fly. Learning is often done best by experiencing. Then you can still read, listen, talk with others, and watch others to learn more, but now you’ll have a better understanding of what they’re going through (because you’ve already been through a similar situation). You will speed up your learning curve by doing. Just make sure you have a growth mindset going into the event. You may not be good at whatever it is you’re trying to accomplish/conquer yet, but with enough practice you can/will get better.

Don’t be the reason you don’t achieve your dreams

We all will fail in life and the secret for many people’s success is that they’re willing to fail more often and more quickly than those afraid of failure. They understand that failing is a natural precursor to success. You have to try new things – different things – if you want to improve your life. Sometimes, you’ll have great intuition and choose the right action to propel you towards your goals. Sometimes you’ll get lucky. But almost always, if you fail to take action (or if you do the same thing over and over and expect a different result), you’re going to be stuck in the same place. So even though it may not look like you’ve failed from the outside looking in, is it true? Sure, you don’t have one moment to point to where something didn’t work out. But isn’t the end result of not achieving your dreams a bigger failure than swinging for the fences and occasionally striking out?

There are a lot of reasons why people don’t achieve their dreams, many of which are outside of our control. We can accept that because if we try to control everything (even things we have no power over), we will be fighting a losing battle. But what we can do is control our thoughts, words, actions, and attitude. We decide what we read, who we listen to, who we hang out with, and how we talk to ourselves. We decide what words to say (I can, I will, how can I?) and what words to not say (I can’t, I don’t know how, I give up). We decide whether we want to get up each morning when we say we will or whether we hit the snooze button and sleep in, or whether we follow through with what we said we would do. Are we generally happy and not complaining? Are we putting out positive vibes where others want to be around us or are we so negative that others actually feel worse after hanging out with us?

Don’t be the reason why you don’t achieve your dreams. Live intentionally. Plan your next steps and follow through with them. Think big and act big. You need to take enough action and occasionally swing for the fences instead of always playing it safe. If you don’t ever reach your lofty goals, that’s fine. But when you think back, have no regrets over why you didn’t achieve it. Give it your all, do it ethically and in a way that is true to you, and go from there.

Getting started

You don’t have to know it all to get started, you just need to know what the next step is. If you wait until you have all of the information or until you know exactly how things will play out, you will be waiting forever. There is risk and uncertainty in everything we do in life. There is even risk and not taking action.

Determine where you are currently and where you think you want to be in the future. Once you have an end result in mind, then reverse engineer the next steps to get there. You don’t have to have everything planned out to a “T” to get started. Have a general guideline or a framework on how do you think it should look and what you need to do to get started. I guarantee that how do you think it looks and how it will eventually end up working is going to be at least a little different. But if you don’t do anything, if you wait for all the answers to come to you, if you wait for certainty, you’re going to miss your opportunity.