You need to take more risks

Most people don’t take enough risk.

I can understand why. Taking risks is scary and can have real negative impact if you do not succeed. Taking certain risks has always been a struggle for me.

I am an introvert. So going up and talking to new people and asking people for help has always been a challenge and is really draining on me emotionally. No one likes to be vulnerable, but that is exactly what more people need to do.

If you want to be more successful you have to admit that you do not know how to do certain things and then ask for help.

You have reach out to people that you do not know, worker, customers etc. And get them to work with you.

Maybe you need to move. I have moved so many times in my life and each time it has gotten easier. I moved because of opportunities. There were more opportunities in other places that were I was located so I had to take the leap. I left behind my parents and friends and moved to a new city where I did not know anyone.

Why we don’t take risks:

  • Fear of failure
  • Being uncomfortable
  • Looking dumb

Benefits if taking risk:

  • Confidence
  • Monetary reward
  • Gets easier to risk more
  • More knowledgeable
  • You learn that the world does not end and you can try again
  • You learn to cope with failure

I often get paralyzed with fear. Should I do this or should I do that? What are the benefits and drawbacks of my different options?

If you are like me, you are good at taking certain kinds of risks and bad at taking other kinds of risks. I am not afraid to admit that I am wrong, but it is much more difficult for me to ask people to help me with things.

I have no problem taking risk in my personal life or investing my money. I am less confident about taking risks in my career or meeting new people. It takes a lot more energy and effort to make those interactions.

But those risks that we shy away from are often the ones we need to make the most. Those are the moments where we get the most reward if we take them. For me it was approaching my boss and having a conversations about wanting to be a valued employee and requesting that my compensation reflect that. My boss could have said no and then I would have to make a choice.

Even when you take risks, you can still make choices. You deal with both the positive and negative consequences of your actions. But at least you know.

My biggest risk was starting a business. What if it fails? I would lose money and the time I put into the business. But I think I would still be happier losing my time and money rather than working for a boss that I did not like and just showing up to collect a paycheck.

Do your homework before you take the risk.

I definitely learned that lesson the hard way. I invested $5,000 into an oil/gas company because it paid a high dividend. What happened? The price of oil dropped like a rock and so did the company. I lost most of the investment before I finally wised up and sold out.

But I took other investing risk that made up for that mistake. I invested in Facebook early on, before they were even profitable because I believed in its popularity.

You’re not alone. Collaborate with others.

It is good to remind myself that my thoughts and feelings are not original. There are 7 billion people in the world. Chances are other people have gone through the same or similar situations as you. If you are starting a business find partners or mentors.

Sometimes that fear never goes away and you just have to recognize that you are afraid and do it anyway.

Get out of your own head

The risks we want to take really are not that big. Our own inagination can make situations seem more intense or more dire. Talk to people in a rational manner about what you are planning to do and see if it is really a big deal or not.

Dont let other people’s fears affect you

People love to give unsolicited advice. Ok Im basically talking about my parents now. People generally do not advise taking risks and value ‘security’ which really does not exist. Take advice with a grain of salt and make the decision that is best for you.

Email me your thoughts, questions or opinions.

dextermoneyweb@gmail.com

Published by Collin Harness

Obsessed with creating value and helping people achieve financial independence.

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