In investing, there is something called rebalancing your portfolio. A portfolio has different asset classes in it (such as stocks, bonds, and cash), and there is a particular allocation that best serves your financial goals. Over time, however, your portfolio might go out of balance. One asset class might outweigh the others because its price increases rapidly. The allocation will then deviate from its ideal.
Do you want to live your life to the fullest? If you do, then there is a big obstacle that you need to overcome. That obstacle is fear, and among the different kinds of fear, a major one is a fear of failure. Imagine putting a lot of effort into something but it doesn’t work. What you get in return is nowhere near your expectations. It wouldn’t feel good, would it?
A while back, I read Grinding It Out. It tells the fascinating story of how Ray Kroc built McDonald’s. One interesting thing is that he only started building McDonald’s when he was already 52! You might think that at that age someone’s ‘golden age’ has passed; they wouldn’t build something new, let alone something big. But the story of Ray Kroc proves otherwise. It proves that it’s never too late to build something big in your life.
It is often assumed that someone who is risk averse and who resists their desire to achieve something does so because they are afraid of failing. In actual fact, there is a second fear that holds people back from striving toward their goals: the fear of success.
Let’s talk about stress, baby…! Have you looked around lately? Almost everybody is stressed! Everybody has too much to do and not enough time. Burnout rates are higher than ever before. Even though we live in the greatest luxury… we keep stressing ourselves. Think about it: stress sucks all the fun out of life.