114. How Winners Think About Risk
Episode Stats
Words per Minute
183.3641
Summary
In this episode, I talk about risk assessment and how to assess risk in entrepreneurship, and why you should be afraid to take a risk in order to achieve your goals and dreams. If you want to know what risk assessment is, then this is the episode for you!
Transcript
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what's up guys it's andy priscilla and this is the show for the realist say goodbye to the lies
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the fakeness and delusions of modern society and welcome to motherfucking reality guys this is your
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first time listening um this is a little bit of a uh different kind of show it's not an interview
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show it's a conversation show first of all um so those of you who are tuning in to hear me ask the
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same fucking questions that everybody else asks everybody else uh you're not going to get that
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here there's other shows like that all right second of all i have valuable input i'm going to
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talk a whole fucking lot if you don't like that don't fucking listen all right third of all um
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this is an entrepreneur show and we also cover current events if you don't like that don't
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listen basically guys if you don't like the show don't fucking listen um now for those of you still
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here and those of you still listening today i'm going to talk about risk assessment okay one of
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the biggest questions that i get as an entrepreneur and as a uh you know very successful speaker i was
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ranked the 14th best speaker in the world last year even though i didn't do a single fucking event
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which is weird but uh apparently i'm decent at what i do so i want to talk to you guys a little bit
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about risk one of the biggest questions that i get from young people or people just starting out
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is how do i know if it's going to be worth it or what's you know what's the the correct amount
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to risk to go after an opportunity and let me let me reframe how this should be asked in your mind
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okay the way you're asking the question is this going to be worth it uh is this something that's
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going to pay off those are normal thoughts those are thoughts that every single person who has ever
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accomplished anything have okay we look around in our life and we say man you know this isn't that bad
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like i don't want to lose it by going out and trying something else but um you know i would
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like a better life i would like more money i would like a better house i would like a better lifestyle
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right and so we're constantly weighing these pros and cons based around what it is we think is worth
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it and that's normal all right but i'm going to tell you that's also how losers fucking think
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all right how winners think is this what's my life going to look like if i don't do this
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what's my outcome going to be if i don't do this am i going to be less than what i could be if i don't
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do this these are the things that a winner's dialogue sounds like all right loser dialogue sounds like man
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i don't know i don't know man i don't want to lose what i got you know i got it pretty good when in
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reality you don't have it pretty good you're scrounging you're trying to make ends meet you're
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doing a job that you fucking hate all right and you've built this life that you're afraid of losing
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up as if it's extremely valuable when in reality the value is way down the road 10 15 years down the
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road that you haven't built yet and you're afraid to trade what you have for what you could have
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and that's just not the way winners think about it winners think about it very simply they they
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see the end result the 10 years the 15 years down the road and they say fuck i can't afford to not
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do that i have to go all in on everything i have to do everything i can to get to that point because
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that point is so great that it makes this point feel like it's absolutely nothing and really what
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i'm telling you guys is this stop overvaluing your current situation stop thinking that you have
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it so good that you're afraid to take a risk because people that actually win people that build
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great things people that do great things all the people you look up to and you say fuck man i wish i
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had what that guy had the only real difference they have is the way they assess risk is completely
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different okay you see it as what you have to lose when the the person who's going to achieve this the
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people you look up to they see the the thing 10 15 years as something that they can't afford to not go
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after all right it's a completely different way of seeing things and you could sum it up as this
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what is this going to cost me if i fail and what is it going to cost me if i don't fucking go after
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it and here's the other thing guys what you don't realize is that when you take these risks in
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entrepreneurship when you go out very few of these little decisions that you make are going to be
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fatal all right that's a whole nother thing that people don't understand when they're just starting
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out in the the success entrepreneur gonna build a business game they feel like every mistake that they
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might make could possibly sink them and that's just not reality here's what happens
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just like when you're three years old or four years old and you're old enough to touch the stove
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you only got to touch stuff once and you only got to touch it for a very short amount of time to know
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that it's not right and so sometimes when you make these decisions you will know immediately that they
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were the wrong decisions you'll be able to retract adjust course and then move forward all right
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but you cannot paralyze yourself over valuing your current situation and undervaluing what your life
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could actually look like because if you do that guys what's actually going to happen is when you're
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10 15 years down the road if you decided that it wasn't worth going after you're going to look
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around and you're going to say well fuck what would my life look like if i actually had went after that
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and then that's going to cause regret that's going to cause what if it's going to cause uncertainty
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and what it's eventually going to cause is frustration unhappiness and lack of fulfillment
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in your life you're going to feel like you wasted shit so whatever it is that you that is in your
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heart whatever it is that's in your mind that you're saying dude i could do this i know i could
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fucking do this i know i can do this but i'm not sure if i want to put in the time or i'm not sure
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if uh it's going to be worth the effort or i'm not sure if i can actually finish this thing and
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you start having all these dude you got to push that shit out of your mind and you have to remember
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that the only way mountains are fucking climbed is one foot at a time and if you're not moving in
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the right direction if you're not moving consistently on a day-by-day basis you'll never
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get there but if you are if you are taking the steps on a day-by-day basis every single day that
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that passes you're moving closer to this goal and not only are you moving closer what's happening is
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you're putting more tools in your tool belt okay you're making mistakes you're touching the stove
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you're learning lessons and those lessons make you more effective every time you make a fucking mistake
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it should be a time where you say oh you know what we spent money there that was a bad idea or
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you know what i handled that the wrong way that was a bad idea and you should be able to put those
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lessons into your fucking arsenal of weapons and you're going to be able to use those which makes
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you more effective so when you get to that 10 year mark or that 15 year mark and you're looking
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around at your life and say it's pretty fucking good you're going to be looking around at yourself
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saying i can't believe this is me i can't believe i did this what did i do well here's what you did
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you did what other people won't do you move forward day after day after day being comfortable with the
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fact that you don't really know what the fuck you're doing and confident in the fact that you
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know that you're smart enough to learn your lessons day by day and you understand that every single
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lesson you learn makes you better okay so the way you look at this whole situation guys of risk versus
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reward is usually backwards all right we have to stop thinking of it as what are we going to lose
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we're going to lose this this life that we don't really like we're not really happy with we're not
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excited about um do you really have that much to lose it's something to consider because the other
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side of that is so great and so big and all it takes is a perspective switch up from i can't afford
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to lose this which is something you never really wanted in the first place to i can't afford not to
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go after this because if i don't my life will be shitty all right so think about it like that stop
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asking yourself is it going to be worth it fuck yeah it's worth it it's worth it all what else are
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you going to do you're going to coast through life fucking doing everything that everybody else does
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if that's you you shouldn't be listening to the show in the first place all right so stop thinking
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of risk as this thing that's bad and start seeing it as an opportunity to do the things other people
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won't do knowing that ultimately that path is what's going to reshape your entire existence and
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make you into a fucking weapon where other people are still going to be in the same mental space with
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the same skills 10 years from now what does that mean for you that means 10 years from now whether
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you know you're going to be 30 or 40 or 50 or 60 or whatever it is you're going to be you're going to be
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literally so much more effective than everybody else around you that the things that seem hard now
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are going to be things that you could snap your fingers and get done instantly all right so stop
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killing your entire future your entire family's future your entire existence by overvaluing what
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you have now and not understanding what the real risk is and the real risk is this what the fuck could
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you have and what's your life going to look like if you don't do it