Today we’re going to talk about fear.
If you’re going to dominate in 2020 and beyond, there is one thing that you must do.
You’re going to have to look your fears head-on and overcome them because if you don’t, they will kill any dream, ambition, or goal that you have set before you can even get started.
We’re leaving fear in 2019….
It’s going to take some proactive inner work. But if you follow along, I will give you a few tools you can use to overcome these fears.
Firstly, what is fear?
Fear is the brain creating a perceived “fictional outcome” in the future based on limited information. Fear was what kept us alive in the past when we dealt with numerous external threats. When tigers used to roam the open field, we had the right to be afraid. However, the human condition has improved drastically, the need for fear has diminished, yet we still feel it all the time.
Fear only exists when your mind is fixated on the future or in the past. Fear hardly ever exists in the present. This is why meditation is so powerful.
Ready to overcome fear in 2020? Let’s go.
What types of fears are we leaving in 2019?
Fear of Failure
“The biggest risk is not taking any risk… In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”– Mark Zuckerberg
If you want to do or achieve anything, you must get over the fear of risk and failure. For entrepreneurs, our entire game is based on the risks that we take. If we don’t take risks we will never be able to build an amazing business and create value, which then creates wealth and abundance.
Failure should be embraced.
An analogy I love to use is that of a heat-seeking missile.
A heat-seeking missile has its target set, and then it is fired. Along the way, the missile course corrects until it reaches its destination. This means the missile is constantly “Failing” and correcting its failures. But it can only correct its failures once it has been fired.
When you are thinking about starting a business or doing something new that will develop you and help you reach your goals. Failure should be accepted, without failure, you will never know what needs to be fixed to get you to your desired destination.
Look at any successful entrepreneur or business. Do you think they got it right on the first shot? No.
No one has ever created something worthwhile whether it be a business, accomplishing their personal goals, or amassing wealth without failure.
When you are starting something new and your brain starts to come up with worst-case scenarios, take a second and examine your thoughts one by one.
Do I know this to be true?
Is their evidence to prove this is true?
I can almost guarantee you the answer will be no.
The worst thing that could happen to us as humans is to die or lose a loved one. If the decision you are hesitating to make does not involve you dying or causing someone else harm…you should just do it.
If you mess up…great! Now you know one way that doesn’t work. Which also means that you made progress. You fired the missile. Now just keep course-correcting and as long as you are efficient (learning from your mistakes) with enough time you will reach your destination. This is the law.
Don’t let the fear of failure hold you back in 2020.
Fear of other people’s opinions
Care about people’s approval, and you will always be their prisoner.
– Lao Tzu
If you are worried about what your friends or family heck even strangers will think of your decisions. I need you to stop. At the end of the day, the only opinion that should ultimately matter is your own.
Now, this doesn’t mean go out and be reckless with disregard for others. Your decisions and actions should always align with your core values. If you think your decision is wrong or that it will hurt others, then don’t do it.
Believe in yourself and what you want to achieve and go take massive action. Forget other people’s opinions.
Fear that you don’t know “enough”
“Stop waiting for perfection, and eliminate the excuses that are keeping you stuck.”-Unknown
Another common fear amongst entrepreneurs is the fear that you don’t know enough or that you aren’t credible enough to inspire or teach others.
The hard truth about this fear is that you will never “FEEL” like you know enough because there is always more to learn. Always. What we have to realize is that once you are able to help one person, then you already know more than a certain percentage of people. You don’t have to be an expert. You just have to know enough to get started. Once you get started you will continue learning and improving.
For example: if you wait until you feel like you know enough about real estate to buy your first investment property, you will likely never buy your first investment property. This goes back to #1. You just need to know enough, if you mess up or make a mistake, that’s fine. You will learn what not to do next time.
This applies to anything and everything. Do you think I knew it all before getting started in real estate? Absolutely not! I paid my dues, made my mistakes, and persevered. This another reason why we created the Wealth Connect event. This event gives you all of the knowledge you need to get started plus the mistakes we made so that you can avoid them.
Will you still make a few mistakes? Of course, but at least you won’t make the ones that we made on our journeys. When you leave the event you will have everything you need to get started, you just have to get going and see-through that fear!
Fear of financial loss
“Every nut the squirrel hoards is another it’s afraid to lose.”
― Marty Rubin
Another fear that many entrepreneurs face is the fear of losing it all. Financial insecurity is understandable. Almost every decision in your day to day business dealings will either directly or indirectly involve some financial risks. The risk is unavoidable but what you can do is manage how much you’re at risk.
First things first, you should never put all your eggs in one basket. In order to mitigate financial risk and free yourself from this fear, you should always use smart risk management. Only risk capital that you are willing to lose, then it becomes a numbers game.
The core psychology behind fear of financial loss is scarcity. If you believe that you cannot make the money you’re risking back, you are more likely to hesitate and avoid taking a risk that could pay off big in the long run.
The next time you are facing this fear, take a step back, assess the situation, and plan accordingly.
Ask yourself these questions.
- Have I thought through my decision?
- Is my plan of action thought out?
- What am I willing to lose?
- How can I make this money back “IF” I lose it?
Answering these 4 questions should bring your mind to ease and allow you to take calculated risks and pursue your goals/dreams.
Remember the world is an abundant place.
Fear is a construct of the mind. When you ask yourself the right questions you alleviate most of the anxiety that the above fears may cause. I have a challenge for you in 2020. When you are feeling fear, I want you to dive deep into why you are feeling this way. Write down the thoughts and emotions, then ask yourselves if what you are thinking is actually true or an illusion. Then go take action.
What fears are you going to push through in 2020?
What are your goals for the year?