I’m listening to The Top 10 Distinctions Between Millionaires and the Middle Class and here’s an awesome formula for taking risks it presents:
When deciding whether or not to take a risk on something, consider these 3 questions:
- What’s the best thing that could happen?
- What’s the worst thing that could happen?
- What’s most likely to happen?
If you can handle the worst outcome, and the most likely outcome brings you closer to fulfilling your goals: do it.
Otherwise, don’t.