076: Risk is a Requirement to Become Wealthy | WTW

Millionaire Mindcast

Matt Aitchison Media, Inc

Productivity, Stocks, Realestate, Lifestyle, Finance, Commercialrealestateinvesting, Personalgrowth, Entrepreneur, Business, Entrepreneurship, Rich, Mastermind, Money, Personalfinance, Millionaire, Mentorship, Realestateinvesting, Success, Mentor, Wealth, Investing, Millennials

4.4 • 716 Ratings

🗓️ 2 November 2016

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Only those who will risk going too far can possibly find out how far it is possible to go.” — T.S. Eliot. The most successful people in history—those who have build the largest empires, those who have left the greatest legacies, the one's who have made the greatest impact— all understood that taking risks was a requirement in order to achieve their goals. In order for you to break away from the pack and move from the ordinary to the extraordinary, you too will have to embrace taking risk. This short episode is a great reminder why you can't afford not to take risks if you truly want to create wealth and live a big life!

Transcript

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0:00.0	Episode 76 of the Millionaire Mindcast.
0:04.4	Risk is a requirement to becoming wealthy.
0:09.5	What's going on, everybody?
0:11.1	Welcome to today's Wealth Tip Wednesday.
0:15.1	Let's get it.
0:17.3	Come on.
0:34.3	Risk is a requirement building true wealth requires risk building a big life requires risk see when you invest money whether in your retirement into a into a rental property, your own business,
0:39.2	whatever it may be, there will always be risk involved. And there will be that moment where the
0:45.0	little voice in your head will try and tell you to play it safe. Don't do it. What if X happens? That's
0:51.9	too risky. Don't do it.
0:54.9	You can't afford to take that risk.
0:57.1	But the truth is, if you truly have a desire to build wealth, to build a big life,
1:04.6	if you truly desire to live the life that many people could only dream of,
1:10.7	you really can't afford not to take risks. Risk. to live the life that many people could only dream of.
1:13.6	You really can't afford not to take risk.
1:16.8	Risk is a requirement.
1:21.7	Risk is a requirement to unlock a more rich and fulfilling life.
1:26.7	I think we'll all agree that the most successful people in the world, those who have built the largest empires,
1:30.9	those who have left the biggest legacies, the people who have made the greatest impacts,
1:38.4	they all understood that risk was a requirement in order for them to achieve their goals.
1:46.1	So no matter the goal, in order to break through the threshold of ordinary and move
1:53.0	into the extraordinary, that required them to stretch themselves and to take risk. And that's exactly what you have to do too.
	...

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