On Risk Taking
It’s just a fact that life involves some risk taking. The thing is, there are different kinds of risk taking — everything from getting up and driving to work (which includes the possibility of getting in an accident) to deciding whether or not to buy a house. Many of those risks either directly or indirectly impact our financial lives.
First, there are the financial risks — things like not preparing an adequate emergency fund or not carrying health insurance. What happens if you lose your job or get sick? That sort of financial risk taking can leave you broke and unable to get the things you need in short order.
Then there are the more subtle risks — like sticking with the same job for years even though it’s not what you want to be doing, and not paying you what you’re worth. That’s the kind of risk taking that I want to talk about today.
Stepping on the path
Don’t let fear keep you from doing the kind of risk taking that could really make a difference in your life. This quote from Amber Naslund spells out exactly what I mean:
Sometimes you need to step on the path before you know where it’s going to lead.
If you want to do something that’s important to you — whether that’s starting a side business or moving to a foreign country, you’ve got to understand that you’re probably going to encounter things you didn’t expect. There’s no way to prepare in advance for everything that might happen.
There is no perfect
There is no being perfectly prepared, for anything. Prepare as best you can for the things you want to do, and then go do them. Of course there is a chance that you might fail. That’s a part of risk taking. But there’s also a chance that you will succeed, and if you’ve done your research and gotten yourself in good shape for what you think you can expect, that leaves taking action.
Don’t let the fear of failure keep you from success. Prepare reasonably, and then step on the path.