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  #1  
Old December 3, 2002, 06:12 PM
Mike Rodman
 
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Default How much will I lose by NOT taking the risk???

Lot of truisms in your post Michael.

"Act as if!!!" A line I thoroughly enjoyed when hollered by Ben Affleck in the movie 'Boiler Room'. Definitely a must see if you're a 'Wall Street', 'Glenngarry Glenn Ross' fan.

Act as if!

Michael, you mention instead of risking $10,000.00 by investment, to only lay out a few hundred dollars. "Enough, so that whether you win or lose money, it will only be about $50."

One thing I have discovered is, it isn't the amount which is risked at the time. It is the amount you are losing by not having it out!

Typically when gaming and especially at Blackjack (21), I play by a set of parameters which I've set for myself. These include WHEN to walk away from a table in a losing situation as well as a winning situation.

Even though I am at a point where I do not desire to risk my winnings. I am thinking about the money which I am NOT winning! The amount I lay out per betting unit is immaterial. It is the risk/reward factor which keeps pulling me back.

By not running a classified ad, how much income would I be losing. By not making that extra few cold calls per day, how much income would I be losing. By not knocking on a few extra doors per week, will I still qualify for that luxury trip to the Bahamas for the top salesperson???

Successful winners, salespeople, investors, and entrepreneurs are not necessarily tied into the amount which they are risking. It is the amount they are losing by not risking.

A difficult concept to fully understand, unless you are afflicted with it.

I have had buddies go gambling with me, and leave the table. All I have to do is mention to them they are not saving their money. They are possibly losing money by not playing! And BANG! they are back in the seat next to mine!

Great concepts.

Success and Regards... Mike

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  #2  
Old December 3, 2002, 08:37 PM
Dave Vallieres
 
Posts: n/a
Default Re: Comfort Zones

Dien,

Excellent, excellent advice!!!! I wonder why I get 'stuck' sometimes. Now I know why. I get 'too comfortable'.

It makes a lot of sense to me. I heard Gary Halbert talk about comfort zones a long time ago, and nearly forgot the whole idea, until you mentioned it again.

I have been looking for that 'way' to take my business to the next level and I think you've hit it right on the head. What risk am I NOT taking that could leap frog my success to the next level?

Dien...thanks for the reminder and excellent advice!

There are a lot of people who might read your post and assume it doesn't apply to them. But it doesn't matter how successful you are now, you could be even more successful in business and in LIFE by taking your advice.

Well done ;-)

-Dave


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  #3  
Old December 4, 2002, 12:26 AM
Rick
 
Posts: n/a
Default Could it be ...

sometimes we fear being successful ... an example
.. if I get that big order .. now I have to do something and someone is depending on me to perform .. what happens if I screw up ? Isn't that the silliest thing you have ever heard .. the reason you got that order is because you did something ... step out of your skin and take a stare .. it's not as frightening as you might think .. all those baby steps outside your comfort zone add up very quickly ...

Get going ... Rick
 


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