The importance of exercising self command and taking calculated risks
I have had friends who were millionaires, and lost it all as a result of taking unnecessary risks. But who has the time to read them all? Therefore, when I consider taking a risk in any area of my life, here are the questions I ask myself: 1.
Do I need to make this decision today? Use real data whenever you can by doing research and talking to others.
Taking a risk to achieve a goal
I have had friends who were millionaires, and lost it all as a result of taking unnecessary risks. Those who take bad risks and suffer the consequences. Of course, while I knew I would work diligently to find a job, a small voice nonetheless warned me that plenty of people work hard to find employment with no success; other factors outside the realm of my own effort are at play. Use these scenarios as a learning experience to train new team members or as a team-building exercise. I also had a friend lose his life in a deep-water scuba diving accident. So I quit the stable, full-time job with nothing else lined up because I loathed being there, and every morning felt like a condemnation. Entering into a partnership with a new business associate. So, with this sentiment in mind, and much to the chagrin of my bank account, it reached a point where the deuces HAD to be chucked. That means you! There are always complications, extenuating circumstances, factors to consider, consequences to anticipate — but none of this ever strips us of the ability to choose. It is your own to defend. However, being extremely cautious is not the best idea in the long-term.
The importance of uncomfortable scenarios On the flipside, though, being defensive is just another burned-in neural pathway, too. If you desire to live a successful and fulfilling life and retire with enough money to enjoy your retirement years, you must take calculated risks.
As you improve, more of the game gets deposited in your stored memory, and those things become natural. This is a potential major problem in any area, but especially in the financial realm.
Aim for singles and only advance to the next base when you feel like the odds are in your favor. If so, what was the net gold exchanged on each team? If you're already dead, the best thing you can do is go for it and try to deal some damage.
When it became undebatable that my job was the source of my stress — a leech on the buoyancy of my soul — it was time to make a change.
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