Tada!
I am back after a break.
Was great but I am also happy to writing emails again too :-)
I’ll start a new series about discovering yourself with not so common and obvious ways.
Why?
Because you need to know yourself to overcome your obstacles, reduces stress, find and build your dreams, and anything else in life.
And we will start with something called risk and how comfortable you feel handling it aka your risk aversion.
Why?
Because whatever you want to do, you need to take action. No action, no results. But every action comes with risks. Some more, some less.
So, before you jump in and wonder what went wrong, take a step back and think about your own risk aversion profile.
What’s risk anyways?
When we say something like bungee jumping is risky, it simply means it comes with potential consequences of something happening that’s undesired. And there’s a certain probability it actually happens.
But here it gets interesting because we can look objectively or subjectively at it.
Objectively is based on data of the past like how many people got hit by lighting and how big or small the risk of actually getting struck is. According to the US national weather service, on average 270 people in the US got struck in a year. And 27 of them die.
That’s a 1 in 1,222,000 odds and your chances of getting struck are pretty slim from an objective point of view.
But here comes the subjective part now and this one decides what actions we take.
We hear the thunder growling, and seek shelter because we know there might be lightning and we don’t wanna get hit. Or we ignore it and just move on with whatever we were doing.
See, that’s our risk aversion profile.
Some of us are more risk-averse and hide inside while others still play outside.
Neither is better or worse than the other. Regardless of the context.
But it’s not a single value that defines how risk-averse you are overall. It depends on the context and it can also change over time.
It’s built around our perception. How we perceive our world aka our own bubble of reality.
The important thing is, the risks we see are not always real or as big as we believe.
Often our own perception is in the way of taking the action that is necessary to accomplish our goals.
By understanding this and knowing your general risk-aversion, you can choose the right action at the right time. And also, limit your choices before.
Think about it.