(Dreamy Retna. Why didn’t I start collecting these when I first met him and saw this brilliant art 5 years ago?!)
Lately I have become acutely aware of my own tolerance – and lack of tolerance- for risk. I will not jump out of a plane for fun or gamble in Vegas, but I will put myself in a position where I am way over my head emotionally or creatively if I feel the reward is big enough. There are some big areas where I could stand to risk much more for myself; you may feel the same. If you are ready to take a bigger risk, I thought it would be fun to round-up some ideas and science that make risk seem…less risky!
Some compelling concepts that are well researched in the realm of making your dreams come true…
1. Take action sooner rather than after too much deliberating. Warren Buffett says, ” Don’t pass up something that’s attractive today because you think you will find something way more attractive tomorrow.” My friend waited to tell the woman he loved that he wanted to be with her until she was engaged to someone else. I have lost, lets see, $60,000, in the last five years by not buying two pieces of art that I truly wanted to have and felt were right because I thought, maybe, I could find something better at a better time. Not smart. At all. I have also seen art I wanted to buy in homes of my friends who collect, people who are less risk averse than me, who have made gasp-worthy amounts of stunning investments that I wanted to make but could not pull the trigger to do.
” Don’t pass up something that’s attractive today because you think you will find something way more attractive tomorrow.”
2. We usually think risks are riskier than they are, physical risks aside. In a very brilliant Forbes article by Margie Warrell she writes about the ways we play it safe and how that can be less safe than taking risk. She writes:
“So how do we overcome our tendency to play safe and identify which risks are worth taking? Start by asking yourself these three questions:
- What would I do if I were being more courageous?
- How will inaction cost me one year from now if I do nothing?
- Where is my fear of failure causing me to over-estimate the size of risk, under-estimate myself and holding me back from taking risks that would serve me (my business etc)?
Whatever answers come into your mind, take notice!”
This is a revealing exercise, and an awesome article.
3. Women are not seen to be as risk-tolerant as men, but they are! Ladies, don’t believe the hype (and perception) that you are not as good at risk taking as men are. Bloomberg breaks it down HERE.
4. Vulnerability is the cornerstone of risk. Psychology Today explores a way to identify your biggest vulnerability in THIS article. Once you know what and how you can be most vulnerable you can actually dive deeper into life. And risk!
5. Risk comes along with a danger of success! I just love this article from Centsational Girl about her journey to quit a career as a lawyer to become a DIY blogger. Yes, lawyer to blogger, in a brilliant way, I might add! It’s worth a quick read. Risk can open your world up to a ton of magic!
Do something that surprises you today. I am about to, right now! xoxo Dana
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