FBC – 223 – Contrary to what you think, this can cost you your dreams…

Contrary to what you think, this can cost you your dreams.

Today, for the last podcast of 2018 we are going to talk about one of the biggest dream killers of them all. The worst thing about it is that this one is silent… By silent I mean, most people wrongly assume that it is protecting their dreams while it's doing the opposite.

All the answers are in this episode
So today to close the year, I wanted to talk to you about stuff that we said yesterday about the difference between these rich people who make decisions quickly and change their mind very slowly and poor people say, quote unquote, poor, who will basically make decision slowly and change them very quickly. Right. So one other thing that you need to consider is this.

So in life, you need to have a balance in a lot of different things. Sometimes, being extreme works in your favour because you're polarizing. So sometimes, yeah, it's good to be extreme and stuff, but very often you need to find a balance.

You don't want to be completely crazy and stuff. And it's the same thing with risk. So risk management is a big topic. It's one of the reasons why people fail. The both extremes, people will fail for both.

People who are spontaneous will go in without assessing any risk. So they have absolutely zero caution. They invest all their money in something and then something bad happens. They go broke. So these are the stories that everybody knows. So going into a venture without doing your due diligence is well known.

And in most cases you can end up broke. You have to do a little bit of due diligence. You're investing your time. You're investing your money. You're investing your focus. And sometimes you're betting pretty much everything you have. So just because of that, you need to do some due diligence.

You need to have enough information to be able to go in. OK. And we discussed that yesterday. Yesterday I told you that. Well, as soon as you have, I guess, you know, like 60 percent of the information required to go in, then you should go. Then you can figure the rest out later. So it's well-documented that going without preparation is under cautious.

Contrary to what you think, this can cost you your dreams.

There are two extremes. And one thing people don't realize is that being overcautious is actually one of the other reasons why you're not going to reach your goals. If you're overcautious, what happens is you always need the more information and more validation and more tests.

And you need to talk to a bunch of people and then something else comes up. And then you have to research that. You know what? I don't know. It's dangerous. And then eventually you don't do anything. And this is costing you as well. It has a different cost than going in completely unprepared.

But at the end of the day, the ultimate goal for you is to achieve your dreams. So for you, in most cases, being overcautious is going to cost you your dreams too.

That lifestyle and that life that you want, you're not going to have it because you're being too cautious, man. No, let's not do this because this can happen. And I think we already talked about this. But good things can happen as well.

So why don't you say what if I succeed instead of saying what if I fail? If you want to stop being super overly cautious, just change your mind set and start asking yourself, dude, if I do this, what if it works?

So I'm not saying go and risk everything and stuff. No, no, no. I'm not saying this. I'm saying that you need to find a balance. And that balance, I'll say the balance is like 60 percent. You know, that's 60 percent where you know what?

I have enough information. I know the general idea and stuff. And the four, five big steps that I need to go in. Let me go. And then afterwards I'll figure out the rest. That's the optimum level of information and caution that you need to have before you go in.

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My name is Martin and I’m the creator of the MARTIN EBONGUE BLOG. Understanding how to create passive income, how to start businesses that run without me & how to make money online changed my existence. It allowed me to travel full-time, have ton of fun and live life on my own terms.
 

 

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