The Top 5 Reasons to Take Calculated Risks

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I recently began preparing to make a move down to North Carolina this past month. As I was laying in bed last night I began to think how different moving to a new state would be, especially since I have lived in Wisconsin my whole life.

It was scary thinking about how the people, environment, and culture of the south would be different from my sheltered Midwestern background but then I reminded myself how important it is to take risks in order to have more fulfillment in life.

Yes, moving to a different state 800 miles away from my family and comfort zone is very scary. But the rewards of doing so far outweigh the risks.

Even if the transition to NC is not smooth in the short-term, the amount of personal and professional growth that I would experience in the long-term would make all the troubles and hassles moving down there worthwhile.

So, I made a pledge to myself that I would make the move down to North Carolina this year in 2017.

I turned this into a long-term goal for myself and I hope that by March of 2018 I will be writing these blogs to you from the comfort of a North Carolina apartment.

So, you might ask why I’m taking such a risk moving to a new state in a different region of the United States?

Well, it is because I need to grow.  I need to move forward with my life and as good as Wisconsin has been to me over the years, it’s time for a change.  Not to mention, I will be just a day trip away from the ocean and I will have milder winters. Not a bad deal at all.

Since I’m in my twenties and I’m single now, this is probably the best opportunity in my life to make this move, which is why I made it a goal to be down there by the end of 2017.  To create a sense of urgency for myself so I don’t make excuses not to do it.

So, you may have areas in your life where you may need to take risks as well. It may not necessarily be a move to a new city or state, but it could be asking for a promotion, asking that cute girl from accounting out to dinner or starting a new job or business.

The specific risks you need to take to live the most fulfilling life possible will be unique to you.  Reflect on your life for a second and ask if there is anything that you could do to make it better. Chances are if you do you must take some calculated risks to make your life better.

I have below a list of some reasons why calculated risk-taking is important in your life and challenge the boundaries of your comfort zone.  As Neale Donald Walsh would say “Life begins at the end of your comfort zone”.

Personal Growth

Taking risks is, of course, risky. But staying where you are at inside your comfort zone does not create room for you to grow.

Think of how when you were a kid, your body would grow and you would need bigger clothes that fit you better.

The same applies to life except for the size of your life’s “clothes” will dictate your growth.  If your life is in the same position every year, with no change, then you will not continue to grow and develop as a person.

As a disclaimer, I’m not saying that you should leave things behind that fulfill you such as good relationships or a rewarding job, but if you feel like your life is stagnating, you’re not growing and overall you’re just bored, then you need to change things up a bit. That’s when the risk taking has a place in your life.

That could mean taking on a new project if you’re already in a job that you love, it could mean going to a conference to network with people and gain more leads for your business, or it could mean talking about difficult and deep subjects with your significant other to get closer to each other.

It could also mean going on trips with your significant other or friends/relatives to experience the world and grow together.

These things can lead to personal growth and ultimately make your life more fulfilling and turn you into a better version of yourself.

If you surround yourself with good people (4th Pillar of Empowerment) then you will have no problem inspiring these people to grow with you as you take risks in your life and get closer to realizing your best self.

Confidence

Confidence is such an important part of living a fulfilling life that I mention this a lot on Empower Yourself Online.

If you have been following my blog posts regularly, you’ll see that I mention confidence as either a benefit of improving parts of your life or explaining why it is so important.

So, confidence is a wonderful by-product of risk taking.

When you take risks and you fail, you end up learning something and you go through challenges that allow you to say to yourself “I made it, I overcame that”.  When you take risks and succeed, you are able to say “I did this, I’m awesome. My life is better and more fulfilling because I did this”.

This “I’m awesome” mentality will leak into other parts of your life and you will have greater success with life, work, and love because this confidence will make you more attractive to other people. This holds especially true with potential employers or lovers.

 

Sometimes, Calculated Risk Taking is the Only Way to Achieve Your Goals:

Sometimes, there is really no way around it.  If you have a goal you want to achieve, you have to take some risks.  You won’t make millions of dollars if you are always playing it safe and you won’t have a fulfilling career without sticking your neck out sometimes.

That being said, it is important to mitigate the risks while taking them, weighing out the pros and cons of what you want to do before doing it as well as preparing for the worst.

A great example would be investing in the stock market, it would be foolish to put all your eggs in one basket when investing, you have to diversify.

If you want to put $1000 into the stock market, you would need to make sure you put portions of it into different stocks, bonds or securities in order to limit the risk but still get long-term returns.

You still risk losing your money of course, but it is much less likely to happen when you have money in different stocks instead of all in one stock.

(Just a disclaimer, anything I say about the stock market is opinion only and should not be construed as advice on how to invest.)

Another example would be making sure you have enough start-up capital before starting a small business and making sure you take out as few loans for it as possible.

Even if you do prepare for the worst, sometimes you will still fail and deal with loss, after all, nothing is guaranteed in this life.

But taking risks is the only way to get anything significant accomplished and even if you do fail, at least you tried and you can still learn something from it.

 

You Defeat Limiting Beliefs

This one goes hand in hand with confidence, by accomplishing your goals through calculated risk taking you help yourself eliminate the doubt that living a fulfilling and satisfying life is even possible.

Many entrepreneurs experience this, they quit their jobs to start their businesses and after many obstacles, failures and heart-aching moments, they finally make it. With their business ventures finally seeing unprecedented success, not only are they making millions they also prove to themselves and others that wealth and greatness are not something limited to a chosen few.

Rather, these people show that greatness and all its perks are attracted to people who are willing to do the work necessary to get there.

By experiencing success from taking risks, you prove your limiting beliefs wrong which ultimately kills the fear of failure in its tracks, which leads to more calculated risk-taking that eventually leads to success.

You Will Not Regret Anything

By taking risks, you decrease the risk of regret which I think is one of the worst feelings a person can experience.

When you stick your neck out by asking for that promotion, traveling the world, starting a business or asking out that cute girl you’ve had your eye on you ensure that you are able to reflect on your life knowing that you did everything you could to make it great.

You become certain that you are living in accordance to your inner-most values and dreams and you do not have to confront the what-if questions as often.  As they say “you will never know unless you try”.

Did your business fail or did your marriage end badly? That is ok, at least you tried and if you did everything you could to make it work out in your favor then you will not have to regret anything on your death bed.

 

If you have any other ideas as to why calculated risk taking is important to success, please leave it in the comments below.  And if you find this or any of my other blogs of value please like and share on social media.

Until next time, take care!

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