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Updated about 4 years ago on . Most recent reply
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Risk Adverse Turned Risk Taker
First post on the forums here so I figured a general discussion would be good.
I am a naturally risk-adverse, perfection-oriented, control-oriented person and I'm sure there are others out there. I figure most of this comes from the lack of experience in taking risks or facing failure.
Risk-Adverse turned Risk-Takers, what was the point of transformation in your mindset toward risk?
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The realization that by taking control of my future by taking action, I am reducing my risk long-term. It is the same as with our health - if we stop smoking now, we increase our long-term health potential. If we take action now, learn, grow and invest properly, I reduce the risk of not being financially stable in the long-term. That was a huge mindset shift for me... that by taking action, I'm actually doing the less risky thing. It might FEEL more risky because it is not known or I'm not the expert at that point in time, but am I an expert stock-picker? Nope... just been duped into believing I can do it.