Take Risks or Risk It All

Americans are becoming risk averse and it is the riskiest thing you can do. There needs to be a paradigm shift. Either take risks or put yourself at risk. I played it safe in life. It didn’t do much for me. Then, I started taking some really big risks and started making big wins. You must take risks too, especially in these times and here’s why.

As soon as I started to take risks, I noticed more change, growth and opportunity. At 23 I got off the unemployment line and took a sales job. I knew nothing about sales but I knew my current situation wasn’t getting me anywhere so I took a risk and tried sales. I then left a sales job for a consulting job in Chicago, another risk. I moved countless times to different cities, which in itself, is a risk.

Once I became ok with the risky notion of moving for opportunity, it became a no brainer. I left the consulting job in Chicago to start my own business taking me to Houston, then La Jolla, California. At that point, I invested my entire life savings in my first real estate deal. Looking back, that was some serious risk but I took the risk because I knew my future depended, not on the money I had saved, but on what I’d do with it to make even more money… and that is where the risk comes in.

Understand these 5 key things when it comes to risk and investment.

  1. Taking risk is the new way to avoid risk.
  2. Working to earn more money isn’t greedy. It’s your duty.
  3. Save your money to reinvest in future income flows. (Saved money depreciates and only offers a false sense of security.)
  4. Invest in income-producing assets.
  5. Replenish and repeat!

Most Middle Class people were raised with the same values and messages about money and risk. “Be careful, just get a secure job, don’t get too much attention, just play it safe.” You must understand this old way of thinking doesn’t serve you in this new economy. So take some risks and watch things start to change. I dedicated my recent episode of The Cardone Zone to this topic, where I go into greater detail. You can watch the full episode here:

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Be great! Nothing else pays.

Showing 8 comments
  • Erick Mortgage Loans
    Reply

    Shared to Linkedin and Twitter with some comments! Be great at what you do to love your job.

  • John Peroyea
    Reply

    Great tips and very encouraging. If it weren’t for taking risks I’d still be working for the man instead of being the man. I still need to be reminded that the risk taking was what worked and playing it safe isn’t always safe.

  • Rikard Berggren
    Reply

    This is why my new screensaver on my phone is “Do one thing every day that scares you”

  • Jeremiah Patrick
    Reply

    Love it boss… I tell my sales guys all the time to be fearless and take risk…
    “I will do today what others will not, so tomorrow I can have what others do not”

  • Ian Caldwell
    Reply

    is crossing a busy street risky? of course , but your always watching out for numero uno!

  • Marc Whitting
    Reply

    Awesome Stuff as always Grant thank you for delivering as you always do!!!

  • Wander von der Seele
    Reply

    Thanks Grant, I needed this

  • Danielle Murrell
    Reply

    Great tips Grant! The most dangerous risk of all is the risk of spending your life not doing what you want on the bet you can buy yourself the freedom to do it later

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