Do We Need To Take Calculated Risks In Our Life?

Do we need to take Calculated Risks In Our Life?

Before answering that ....

Let's understand ...

What is calcuated Risk?

Let us say, You want to do something different in your life and You have done good amount of Research and your gut Feeling says "This idea is really interesting project and You believe that this will ROCK"

And at the same time

Your Practical Mind will raises a negative thought to safegaurd you.

and Practical Mind says "Really??!! is it going to ROCK, but where is the evidence?

Since there is no evidence for your practical mind and You tend to become fearful

Sounding familiar ?

And at the same time, coincidentally Your previous Bad experinces in life is the evidence to support your Negative mind

Guess what, You tend to become indicisive.

So to say, you have become Victim of Procrastination.

Let me share you my experience

1. 15 yrs back, I had invested in on data conversion project and failed bacause I was cheated.

2. 10 yrs back Myself and my close friends invested in Startup venutre that did'nt work out because of various reasons

few of you must have lost money like this, Right ?

Now the real question is comes in front of us ....i.e.

Do we need to take such risks in our life?

If you ask me , I would say You should never stop taking such risks in your life but as a precaution I would say Take "calculated Risks" !

To know, whether it works or not

You need to experiment with yourself, and My Dear friend there is no other way.

Your will never come to know whether it works or not unless you take that step to experiment.

What is the best way?

Start keeping Fund for "Experiment"!

Say 5% of your Earning for experiements in your life.

Any opportunity that comes related to, what you want to do.

Do some background work on the opportunity that is in front of you

and

If that opportunity resonates with you, go ahead and take that decision and use part of the funds that you kept for Experiment !

And This is called the calcualated risk

My Friend, Keep Experimenting by taking calculated risks and I am sure you will Enter into the sweat SPOT of YOUR life's Orbit that you wanted

Friends, Start taking calculated risks in your life !

I hope you liked this podcast, more to come soon.

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