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MOGR – Take Calculated Risks – Take the Path of Least Resistance to Wealth
By Steve | April 6, 2008
No, I’m not talking about gambling. I’m talking about taking calculated risks. Risk is still risk, which means you can lose a lot. Hence, it is important that you study entrepreneurship a lot. Knowledge is power.
Think deeply to understand your subject – you can take mentorship from others and then some – that’s the reason why I learnt a 4-step strategy:
1) Know yourself by taking the Wealth Dynamic Test. Its test report will reveal your Path of Least Resistance to Wealth. What path, what kind of role you should play. What business is right for you, and what type of personality you have. I have written about Wealth Dynamics in my previous posting. Click the word Wealth Dynamics to read it if you have not done so.
2) After you know yourself well enough have clarity of your path, your personality, and the types of roles you can play to bring to light that Least Resistance to Wealth, you can then devise a wish list – a VISION.
3) Recheck that your vision is well-linked with your passion. Your passion is what you like to do and find meaning in doing, even though you may meet with difficulties and hardships along the way. In fact, you will. So when you meet with difficulties and hardships, your passion will be the factor that will keep you moving forward when others will have given up. You will be a powerhouse when your vision and passion are well-linked.
4) Using clarity of your Vision, create a Vision Board. The board is a picture or visible diagram of your vision and what you want to achieve – drawn out on a board. Look at it every day and it will be like a magnet and motivational chart to propel you, increase your determination, raise your confidence level, and remind you of the reasons ( your “WHY” ) for going after it. If your vision, passion, and “WHY” are strong, you will be an unstoppable powerhouse and it is a way of propelling you forward.
Once you determine your risk level and decide your attitude to risk, it will make your planning easier. You can then tailor how you intend to become prosperous. I notice that young people are able to cope better with risk. Family commitment is another factor, and this is a tricky matter. I have found that people with family take risks but put their hearts into their ventures as well. Younger people may be willing to take more risks but some of them take reckless (uncalculated) risks…and this is a paradox.
The best entrepreneurial risk that older people can try is MLM and/or Internet Marketing which they can do part-time or full-time, anywhere.
Life itself is a risk. We cannot tell when our health will fail us or when we may suddenly pass away. Your wealth profile will give you a clue as to what your risk profile is. At the end of the day, we can say that life is an adventure, so why not take advantage of what life can offer you while you’re still strong and capable?.
Topics: Category02: Net-Preneurship, Category03: Intra-Preneurship, Category95: Network Marketing, Category30: How To, Category00: Mindsets of Getting Rich - MOGR |