Everybody talks about taking risks in life and they say we can’t be successful without taking risks. And some say, life is short and we need to experience risky things too to live the fullest life. Let’s talk about everything about taking risks in life.
What is the meaning of “Taking Risk”?
According to Marriam, the definition of taking a risk is doing something that may result in loss, failure, etc.
If I elaborate any further, we consider something as a risk when that thing is out of our comfort zone as well as we are not sure of the final result or the outcome of that particular thing. Nevertheless, it’s inevitable to be afraid or be hesitant when we take a risk or do something that is a counterpart to the mentioned definition.
Is it essential to take risks in life?
This is the real question and the answer is yes and no. Let me explain it like this. Consider the very first step of a baby. Without that step, how come he/she learn to walk. So parents have to take a risk and let their babies walk freely. Of course, there will be a lot of fallings and some scratches. But it’s essential to take that risk as parents.
Then think about a situation like this… there is this person who is a good poker player. So he has thousand dollars and it’s the only money he has. What if he plays with all his money by taking the risk? It’s not the kind of risk that is essential to take.
There are some risks we need to take in order to achieve our goals or make a better life. Sometimes those are good opportunities that come once in a lifetime. Behind every greatest achievement, there is someone who has taken some sort of risk. Whether we like it or not, we have to take risks in life to some extent to make our lives go forward.
Benefits of taking risks
• You can build confidence and new skills
• Generate unforeseen opportunities
• Help to overcome fear
• Help to learn new things
• Make life exciting and give satisfaction
Why People are not willing to take risks?
There are multiple benefits of taking risks apart from the above five and yet people are hesitating to take risks because of multiple reasons.
• Fear of failure
Fear of failure is one of the common reasons. If this is the case, it’s vital to overcome it because failures are one of the common aspects people are experiencing in daily life. Without failures, we never know the right path for anything.
• Self-Doubts and Lack Of Confidence
Before we try, how can we say whether we are capable or not of doing anything? Don’t prejudge yourself. Everyone has hidden capabilities and talents. If you want to utilise your full potential, it’s vital to try new things. You can learn more about how to use your full potential and make your dream life from here.
• Depending on others opinion
People can say anything about everything. That’s the norm. People love to criticise or sometimes make stories without any meticulousness. However, it’s our job to filter and validate others’ opinions before we consider them as a fact. The risk factor of anything is relative. Something risky for someone may not seem risky to you. Therefore, it’s important to do your own research before coming to any conclusion. Learn more about How To Be Authentic Without Caring What Others Think About You from here.
What kind of risk do we need to take in our life?
Here we are at the most compelling question of the topic. It’s not easy to tell that you need to avoid these types of risks and you can take these kinds of risks without any hesitation because as I said earlier, the risk factor of something is relative. Sometimes people take risks by listening to their gut or intuition. However, before we take any risk, it’s better to calculate the risk rather taking risk blindly. We call it taking calculated risks.
How to take calculated risks?
Calculated risk is involved a fair share of research. Therefore, before taking any actions, you need to do good research on the subject and have a fair idea and understanding of every possible aspect of the topic.
Then make a report of every possible outcome based on your research. You can anticipate both negative as well as positive outcomes or all pros and cons of taking a particular risk. One of the effective ways of doing this is to ask questions from yourself.
• What are the benefits that I get if I take this risk?
• What’s the worst that could happen?
• Am I fully committed?
• What are the compromises that I have to do?
• Will this change my life for the better?
• What’s stopping me from taking this risk?
• Will this accommodate my future goals or my purpose?
You can always add more questions to this list and decide whether taking the particulate risk is worth it or not.
Then you can set the milestones and goals that you wish to accomplish by taking risks considering your answers.
Risks are inevitable in our lives. Despite our willingness, we have to take risks more or less to keep our life moving forward. Therefore, it’s requisite to make ourselves prepare to take any risk in our life.
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