Are You Willing To Risk It?

Summary

• I learned from a mentor that to make a billion dollars, you need to be willing to lose $100 million. This highlights the importance of risk-taking in achieving big goals.
• Risk is essential. Sometimes, you risk money, but more often in the beginning, you risk time. Investing time without expecting immediate rewards is a part of this risk.
• Most people don't take big risks, which is why they remain poor, small, and insignificant.
• Be prepared to risk your time and resources if you want to achieve something significant. Success often requires stepping out of your comfort zone and embracing uncertainty.

Video

How To Take Action

I would suggest implementing a mindset shift towards embracing risk as an essential part of growth. Think of what you can do differently today to step out of your comfort zone. It might be a new business idea or a project that scares you just a bit. Start small but take that first step toward something that could lead to big results.

A good way of doing this is to focus on risking your time first rather than money. Dedicate time each day to learn, try, or explore something new with no immediate expectation of returns. This could be learning a new skill, developing a business concept, or networking with like-minded individuals. The key is consistency and willingness to invest your time wisely.

Another action point is to surround yourself with mentors or people who challenge you to think bigger. They can offer insights and perspectives you might not see on your own. Find free resources like podcasts, online communities, or books to expand your thinking without spending money.

Be prepared to embrace uncertainty. This might mean tackling tasks that seem daunting or saying yes to opportunities that push your boundaries. Remember, growth often happens outside of your comfort zone.

Finally, reflect regularly on your progress and lessons learned. This helps you to adjust your approach and ensures you're on the right track towards meaningful success.

Full Transcript

I had a a mentor tell me he said you got to lose $100 million to make a billion you got to be willing to lose it and fundamentally goes back down to risk you have to be able to risk and sometimes it means you just risk your time which in the beginning is hey we're going to give with that expectation that's risking your time you got to be willing to take risk most folks don't and that's why they stay poor and they stay small and they stay insignificant