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REAL AF with Andy Frisella

114. How Winners Think About Risk

REAL AF with Andy Frisella

Andy Frisella

Motivation, Mfceo, Success, Media, Andy, Social, Project, Frisella, Entrepreneurship, Business, Marketing

4.932.8K Ratings

🗓️ 9 June 2021

⏱️ 11 minutes

🧾️ Download transcript

Summary

"What if I lose everything?" That's not how winners think. On today's episode, Andy explains the mental approach winners have towards taking risks, the dialogue that happens when winners plan for the future and how you could stop overanalyzing the present situations to achieve your goals.

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Transcript

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0:00.0

What's up guys it's Andy Priscilla and this is the show for the real estate about

0:21.1

of the lives of artist Rothman WrestleFontもし

0:35.9

Um, so those are you who are tuning in to hear me ask the same fucking questions that everybody else ask everybody else. Uh, you're not going to get that here. There's other shows like that. All right. Second of all, I have valuable input. I'm going to talk a whole fucking lot. If you don't like that, don't fucking listen. All right. Third of all. Um, this is an entrepreneur show and we also cover current events.

1:01.9

If you don't like that, don't listen. Basically guys, if you don't like to show, don't fucking listen. Um, now for those of you still here and those of you still listening, today I'm going to talk about risk assessment. Okay.

1:14.9

One of the biggest questions that I get as an entrepreneur and as a, uh, you know, very successful speaker. I was ranked the 14th best speaker in the world last year, even though I didn't do a single fucking event, which is weird.

1:29.9

But, uh, apparently I'm decent at what I do. So I want to talk to you guys a little bit about risk. One of the biggest questions that I get from young people or people just starting out is, how do I know if it's going to be worth it? Or what's, you know, what's the correct amount to risk to go after an opportunity.

1:53.9

And let me, let me reframe how this should be asked in your mind. Okay. The way you're asking the question, is this going to be worth it? Uh, is this something that's going to pay off? Those are normal thoughts. Those are thoughts that every single person who has ever accomplished anything.

2:13.9

Okay. We look around in our life and we say, man, you know, this isn't that bad. Like, I don't want to lose it by going out and trying something else. But, um, you know, I would like a better life. I would like more money. I would like a better house. I would like a better lifestyle. Right.

2:34.9

And so we're constantly weighing these pros and cons based around what it is we think is worth it. And that's normal. All right. But I'm going to tell you that's also how losers fucking thing. All right.

2:47.9

How winners think is this? What's my life going to look like if I don't do this? What's my outcome going to be if I don't do this? Am I going to be less than what I could be if I don't do this? These are the things that a winner's dialogue sounds like. All right.

3:05.9

Loser dialogue sounds like, man, I don't know. I don't know, man. I don't want to lose what I got. You know, I got a pretty good. When in reality, you don't have it pretty good. You're scrounging. You're trying to make ends meet. You're doing a job that you fucking hate.

3:22.9

And you've built this life that you're afraid of losing up as if it's extremely valuable. When in reality, the value is way down the road, 10, 15 years down the road that you haven't built yet. And you're afraid to trade what you have for what you could have.

3:41.9

And that's just not the way winners think about it. Winners think about it very simply. They see the end result. The 10 years, the 15 years down the road. And they say, fuck, I can't afford to not do that. I have to go all in on everything. I have to do everything I can to get to that point because that point is so great that it makes this point feel like it's absolutely nothing.

4:06.9

And really what I'm telling you guys is this, stop overvaluing your current situation. Stop thinking that you have it so good that you're afraid to take a risk because people that actually win people to build great things, people that do great things, all the people you look up to and you say, fuck, man, I wish I had what that guy had.

4:27.9

The only real difference they have is the way they assess risk is completely different. Okay, you see it as what you have to lose when the person who's going to achieve this, the people you look up to, they see the thing 10, 15 years as something that they can't afford to not go after.

4:48.9

It's a completely different way of seeing things and you could sum it up as this. What is this going to cost me if I fail and what is it going to cost me if I don't fucking go after it.

4:59.9

And here's the other thing guys. What you don't realize is that when you take these risks in entrepreneurship, when you go out, very few of these little decisions that you make are going to be fatal.

5:12.9

That's a whole another thing that people don't understand when they're just starting out in the success entrepreneur going to build a business game.

5:21.9

They feel like every mistake that they might make could possibly sink them and that's just not reality. Here's what happens.

5:29.9

Just like when you're three years old or four years old and you're old enough to touch the stove, you only got to touch stuff once and you only got to touch it for a very short amount of time to know that it's not right.

5:41.9

And so sometimes when you make these decisions, you will know immediately that they were the wrong decisions you'll be able to retract a just course and then move forward.

5:50.9

But you cannot paralyze yourself over valuing your current situation and undervaluing what your life could actually look like because if you do that guys what's actually going to happen is when you're 10, 15 years down the road.

...

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