I know this topic has been discussed many times. I kind of like to bring this up to see how other members adjust their mindset to take risks.
I don't think I am a good risk taker at the moment. I do believe many people have the same mindset problems, especially when we are getting older. I think I was a better risk taker when I was in high school with no money. I did many crazy things without thinking. Now the more I think and more money I have, the more hesitation I have.
I always mix the risk and money together. I always evaluate how much money I will lose or how much time I will waste if I take certain risks. At the end, I did not lose any money, but did not gain anything either. That kind of thinking is killing my progress. I know doing research before taking risks will lower the chance to fail, but I often spent too much time on research and end up doing nothing. I did, however, take action and invest high risks stock and end up lost everything without doing more research.
I did a little Googling about how to take risks. Here are some of the great articles that I want to share.
How To Take Risks » The Definitive Self Improvement Blog - BrianKim.net
Becoming A Risk Taker | LIVESTRONG.COM
Leadership: Willingness to Take Risks | Learn This
Taking Risks: How to Take Calculated Risks to Get Ahead in Anything
I would love to hear your opinions on how you handle risk taking. How do you measure your outcome and calculate your investment before taking the risk?
I definitely know what outcome I want, but I am uncertain how much effort I have to put in. It's not like putting money in the CD account. You can calculate the outcome in advance.
I need a big hammer to hit on my head! :smash:
Thanks in advance.
I don't think I am a good risk taker at the moment. I do believe many people have the same mindset problems, especially when we are getting older. I think I was a better risk taker when I was in high school with no money. I did many crazy things without thinking. Now the more I think and more money I have, the more hesitation I have.
I always mix the risk and money together. I always evaluate how much money I will lose or how much time I will waste if I take certain risks. At the end, I did not lose any money, but did not gain anything either. That kind of thinking is killing my progress. I know doing research before taking risks will lower the chance to fail, but I often spent too much time on research and end up doing nothing. I did, however, take action and invest high risks stock and end up lost everything without doing more research.
I did a little Googling about how to take risks. Here are some of the great articles that I want to share.
How To Take Risks » The Definitive Self Improvement Blog - BrianKim.net
Stop thinking of risk as just a one shot do or die situation. Instead, start thinking of risk as a journey of exploration.
Go on a journey of exploration and focus on your desired outcome. Don’t focus on consequences.
Go on a journey of exploration and focus on your desired outcome. Don’t focus on consequences.
Becoming A Risk Taker | LIVESTRONG.COM
Leadership: Willingness to Take Risks | Learn This
Taking Risks: How to Take Calculated Risks to Get Ahead in Anything
I would love to hear your opinions on how you handle risk taking. How do you measure your outcome and calculate your investment before taking the risk?
I definitely know what outcome I want, but I am uncertain how much effort I have to put in. It's not like putting money in the CD account. You can calculate the outcome in advance.
I need a big hammer to hit on my head! :smash:
Thanks in advance.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today