Have you ever tried to become financially independent but were afraid of taking risks?
If so, you’ll know that it’s difficult to achieve. Maybe it’s because you’re at a job that just doesn’t pay that much. Or you’re thinking of starting your own business and are a bit unsure if it will work for you. Or you feel like you couldn’t handle the consequences if you were taking risks.
So what do you do?
There are many methods you can use to be successful, but there are a few things you should know before you decide on what to do. Success always comes at a risk. If you don’t want to take risks at all, it’s better that you don’t go into the business world at all.
There is an unsafe way and a safe way of taking risks. You see, there is a difference in a calculated risk and just taking a risk without any preparation.
Imagine that you want to invest in stocks. If you have no idea how stocks work, or any statistical background on the stocks you’re investing in, then you’re just doing something equivalent to gambling. It’s just luck and has about the same odds as winning big at the casino.
But if you know the market situation exactly and are well-versed in the performance of the stocks of your choice – you can calculate what’s a likely result. There is still a risk, but you know it upfront.
In this article, you’ll learn how to take risks in a safe way. If you want to start a business or invest, this article will be of value to you.
Here are 3 strategies for taking risks the safe way.
Taking Risks The Safe Way Tip #1: Get Advice From A Mentor
There is no shame in not knowing everything. If you want to explore something that you have no experience in, ask someone who does. But now, as the mentorship marketplace is saturated with too many “experts”, how do you know which one can actually help you? Making the best choice is important because what you learn is not as important as who you learn from.
Imagine that you want to learn how to build a successful online business. You could either end up learning from someone who has the knowledge but never did it, someone who does it but isn’t very successful yet, or you could learn from someone who did it, continues to do it and is wildly successful with it. Which person do you think you will learn the fastest from?
Or what about free online tutorials? Why not just learn on your own?
Well, pretend that you’re learning martial arts and are practicing a punch you saw online. How would you know if you have the wrong stance, or are doing the punch incorrectly? What happens if you practice that wrong move 1000 times? You’ll just end up being very good at that wrong punch. That’s why, if you want to get to the next level, a good advisor or mentor is crucial.
Strategies On How To Find A Good Advisor Or Mentor
1) Make Sure You Take Advice From Someone Who Has The Results You Want
If you don’t pay attention to this, you’ll have issues because inexperienced people will try to give you advice all the time, which can end up harmful to your goals and you.
For example, if you’re choosing between two coaches: One of them is living with their parents and is selling a wealth mastery course, and the other one is living in a multi-million dollar mansion and is providing private consultations. Both can teach you different ways of getting rich, but who would you believe?
The answer seems obvious, yet so many people listen to their broke friends and family on how to make money. They pay attention to random Internet comments but won’t believe someone who is already there, just because they may seem less approachable. A true mentor is someone who is doing what he teaches and continues to do it.
It’s true, some mentors have their own agendas or business goals, but you would be surprised by how many actually want to help. You see, once you achieve a certain level of success, money doesn’t motivate you anymore.
Dan speaks about this too. He said that once he “made it”… having more money, better cars, and bigger houses didn’t do it for him anymore. He felt empty and dissatisfied. It was only after he started giving back to society did he feel fulfilled again.
Measuring Your Progress With The Ladder Of Wealth
- Survival: People in this stage don’t think about investing, they live paycheck to paycheck and worry about paying debt, bills and rent. Unfortunately, many people still live in this stage.
- Security: People in this stage have a stable income and lifestyle. They can’t make big jumps but it’s mostly comfortable. Most 9-5 employees experienced this lifestyle before the crisis hit.
- Success: People in this stage usually make multiple six figures and beyond. They drive luxury cars, have big houses, and buy nice things. Once they have been successful long enough, that empty feeling starts to creep in and they look for purpose.
- Significance: Once you reach this stage, it’s all about giving back. Dan says “Success is getting what you want. Significance is giving what you have”. That’s the reason why so many multi-millionaires and billionaires have founded charities. What would you do once you’re this successful?
Where on this ladder are you now? Where do you want to be in 1, 3, or 6 months from now?
2) Look At The People The Advisor Has Helped
If you want to know how good a teacher is, look at their students. Success alone is not enough to be a good mentor. What good is it if the millionaire teaches everyone how to get rich but no one ever makes a cent with that?
Look at testimonials, the best ones are on video. As a bonus tip: If you are looking for reviews, check out the 2 to 4 star ratings, if there are any. The following is also true for any product or service with star count reviews.
1-star reviews mostly are angry comments, often by people who never used the program.
2-stars often give a good insight into what the customer really didn’t like and where some issues are. Make sure to check the date on those reviews as those issues could be fixed by now.
3-star reviews are one of the best sources to get information on any product. They are mostly fair and go in detail about what the person liked and didn’t like.
4-star reviews are the “true” good reviews. If you want an understanding of what people enjoyed, look at those.
5-star reviews are tricky. In theory, they are the best rating you can get. But sadly, some buy those. So take a look at the wording. Does it seem like the person did the program? Are they talking about results? Just like with 1-star reviews, these are about emotions and are often very subjective.
3) Give Value First
Once you find the right person to learn from, it’s time to connect with them. The easiest way to get rejected is to just expect them to help you without offering anything. Dan said it multiple times: Successful people don’t owe you anything. What they do, they do out of their own volition.
So if you want someone to help you, give them value first. But what could you possibly give someone who is richer and more successful than you? Do your research. Take small things off their plate, such as helping them at an event by managing the attendees.
For his first mentor Ala Jacques, Dan worked for 1 year for next to nothing. He wrote copy, did some editing, helped out where he could. But he calls this his million-dollar year because then his successful career truly began.
Find a way to give to your future mentor and expect nothing in return – this is the fastest way to reach a successful person.
There is another benefit to living with the “value first” mindset. If you expand this to giving value to everyone you meet, you’ll soon be pretty popular don’t you think? Your network is your net worth. You never know who knows who and how a good deed might come a long way.
What if the mentor you need is the cousin of someone you once helped? Taking risks is way easier if you have a lot of people around you who want to help you.
Taking Risks The Safe Way Tip #2 – Don’t Forget About Improving Your Skill Set
Now you might ask: how do I get to the next stage? How do I become successful and significant safely? The answer is one word: Value. The marketplace is always willing to pay premiums for a great value.
But how do you provide value? With your skill set. If you’re able to do something that is in high demand, like copywriting or closing deals, you can charge high fees for your work.
Think about it: Why can Dan charge $10,000 per hour while, for example, a house cleaner only charges a few dollars per hour? They are both human beings, have the same 24 hours and both are good at what they do, right? But no matter how good a house cleaner is, they most likely won’t ever get paid $10,000 per hour, would they?
So where is the difference? The value they bring. If you can show a company how to triple its revenue from 1 million a year to 3 million per year, isn’t that worth already $100,000? Then, $10,000 is no issue, right?
Now, what will happen if that company grows further? It means more jobs, more money added into the economy, and more tax income for the state. The country can prosper when its economy grows. The more people you impact, the richer you get, it’s that simple. But it’s not easy.
Taking Risks Is Less Risky With The Power Of High Income Skills™
To impact millions of people, you need powerful skills. Those are called High Income Skills™.
What makes a High Income Skill™ so powerful?
They are transferable. No matter which industry you want to work in, you can use your skills.
They are highly in demand and are therefore well paid. Across all industries, those skills are wanted and needed. Usually, one High Income Skill™ can make you $10,000 per month.
They are crisis-proof. Let’s take a look at copywriting for example. It’s the skill to use your written words to drive sales to any business. If there is no crisis, it’s already a profitable business to be in. Companies always need emails, ads or websites to sell more. But in a crisis…They NEED sales.
There is one last reason why high income skills™ are very useful for people who are about to take a risk. Usually, you can learn these skills fast. Some of them you can learn in as little as 7 weeks. That speed gives you an advantage if you need cash flow quickly or you don’t have months to prepare for a risk you need to take.
But now you might ask: There are professions that earn just as much. Some lawyers, or doctors, for example. So what is the difference? If the doctor doesn’t want to work at a hospital anymore or wants to go on a vacation for 5 months – what happens? The skill is not usable and they don’t earn anything. If the doctor wants to suddenly work in a different country, his skill might not even be recognized!
A lot of people screw up because they only think short-term and rush things, so they forget to specialize and increase their skill level.
Usually, you can work with your High Income Skills™ everywhere. You can close deals, or write ads on your laptop anywhere in the world where you have an Internet connection.
That’s why skill development is the number 1 priority of wealthy people, even after they become successful. The more powerful skills you possess, the more money you make on your terms.
Taking Risks The Safe Way Tip #3 – Pay Attention To Whether Or Not You’re In The Right Career
Once you know you are in the best position, things will be a lot easier for you. But how do you know if you are in the right career?
Especially when you want to start a new career or business, knowing that it’s the right thing for you helps you a lot. You see, in business, you’ll face a situation in which you will feel desperate. You’ll feel lost and aimless because nothing seems to work. Knowing that you’re in the right business for you will give you certainty. You’ll keep on going, knowing that this is just a challenge to overcome. But you won’t doubt yourself and quit before you succeed.
That being said, you never know if you’re right until you become successful. But there are indicators for it:
- When you’re working, you feel like time is flying. You don’t even notice the hours go by.
- People compliment you on your skill, even if it seems like you didn’t do much.
- You feel fulfilled while working.
- Especially if you’re still at a day job: You can’t wait until you can go work on your business again.
- You see success coming faster to you than in any other career you’ve ever tried – for the same perceived effort.
Do any of these five points apply to you? Then chances are, you’re on the right track. There are more indicators, but you can get a feeling for it like this.
Taking Risks The Safe Way With Dan’s Advice
If you want to take any risk, be strategic about it.
Find a mentor that already has been there and done that. To find the right person, check their results, students and give value to them.
Improve your skill set by acquiring High Income Skills™ because you can learn them quickly and they are always profitable.
Pay attention to the career you are in. Do you feel like you’re in the right place? If not, don’t feel any remorse in leaving it. Especially if you possess a powerful skillset, you can switch careers with less risk.
Whether you want to start a business or improve it, you will get great returns with knowledge, such as learning how to start a business, how to grow it, or what to specialize in.
If you’re not in a position yet to approach a mentor, because maybe it’s out of your budget for now, or you don’t know the right people, you can always read or watch Dan’s content for free. Begin by reading articles on this blog, watch his videos or sign up for a free training. Make sure to comment a lot to share your growth. Most importantly, implement what you learn. This way you can start making money to reinvest in yourself.
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