Is it a Bigger Risk NOT to Take a Risk?
I was at the gym this morning (working my abs to death!) when this professional-looking guy that was in between sets of curls looked up and said, “How’s business?” I recognized him, but didn’t recall speaking to him in the past, but apparently we had spoken a couple times. As always, I responded “Great!” This gentleman, (we’ll call him Bob:), has wanted to “flip houses” for some time, but rather than go into detail, I’m going to point out a few key reasons why he and his wife “really want” to get started in real estate investing but somehow can’t conquer the seemingly-insurmountable roadblocks that are keeping them from actually buying their first investment property.
Bob proceeded to tell me about some seminars they attended, various other investors he has spoken to since then, and more to the point I’m trying to make, he told me several reasons why he is NOT doing what it takes to begin his investing career. He had some legitimate hurdles that I helped him overcome and will continue to help him with, but admittedly his biggest hurdle was the fear associated with the risk in real estate investing. This is normal; I faced the same issues when I got started – everyone does!
What is key in this story is not that he had fear, but rather two other things – 1) he still had this fear after I’d reminded him of the various ways to make money in real estate withOUT incurring personal risk, and 2) his fear (among other things) was keeping him from taking action.
After he told me how tired he was of the “eight-to-five rat race” I said one thing that seemed to really connect with him and that I hope will help to give him the motivation he needs to get going. I said, “Bob, you say that your biggest risk is in what might happen if a deal goes bad, but yet you are sick and tired of the rat race you’re in. Bob, I would contend that your biggest risk is NOT in investing in real estate, rather it is in continuing to do what you are currently doing – building someone else’s dream instead of your own. Instead of pursuing a path that will get you out of the situation you so desperately want to get out of.” After that, he paused for a few seconds, thought and said, “Ya know, I like what you just said. I need to adopt that mindset.”
I (obviously:) couldn’t agree more with Bob’s response! Does this mean that everyone should take on this mindset? Absolutely not! But I will tell you that if you’re going to achieve something above average, if you’re going to do what it takes to start a business, if you’re going to do something positive for your life that is “out of the box” and goes against conventional wisdom, then at some point, you’re desire for success must become greater than the excuses you harbor which you have labeled “Risk.”
Whether you’re starting a business, looking to grow your business, or making a job change, I hope you find this helpful!
P.S…if you did find it helpful, please help me by retweeting it or posting to your facebook profile.
– Jim Zaspel