Millionaires take chances
Sun, Apr 6, 2008
Not all of your ideas are going to turn out to be great ideas, but, as someone wise once said, it is better to try and fail than never to try at all - or something like that. Ideas are floating around in my head for this new project I’ve undertaken. I don’t want to be rash and impulsive but I also don’t want to listen that voice that’s already starting to remind me that I’ve already proven to myself that big ideas don’t work out when only one person is involved in trying to get them off the ground. Especially when that one person is fighting a royal battle with depression and other distracting personal/marital issues. Another thing millionaires are not: prone to allowing personal issues to interfere with their work.
I’ve had numerous big ideas in the last decade that went nowhere not because they were bad ideas but because they were too big for me to handle alone. I would have needed to bring other people on board to handle areas where I was not necessarily strong; but to do that I would have needed money and with a credit score under 650, no property and being self-employed, well, let’s just say that loan companies don’t exactly line up eagerly to lend money to people who fit my profile.
But I’ve never been one to let a small thing like no money stop me from at least trying out those ideas that could be started without up front capital. Obviously none of my ideas have made me rich. Yet. And I’m still working on figuring out whether I have a conscious desire to be rich. I don’t think I necessarily aspire to be rich so much as to be successful. It’s about having options for me, not about being rich. I want to be able to chose whether to live in a two-bedroom apartment or in a 10-bedroom mansion. I don’t enjoy being in a situation where I don’t have the power to choose according to what I desire. I want it to be that I do or don’t do because I choose to do or not to do, not because I can’t on account of not having money.
And in order to have the kind of money that gives you options and puts the power of control over your life in your own hands, you have to be willing to take chances. You can’t let fear of failure rule your decision making. Of course there can be such a thing as being too impulsive and acting on your ideas before you’ve ironed out the kinks and wrinkles. I’ve been pretty good at that myself. You don’t want to jump from one extreme to the other. Millionaires take chances but they’re smart about it. They don’t rush blindly into things. They know that it’s best to take a moment and figure out a strategy for getting from point A to point B before they start trekking. It gets them where they’re going that much sooner than if they rushed in with no plan and no clue what they’re doing or where they’re going.
Tags: companies, credit, credit score, failure, fear, loan, loan companies, money, power, property, rich, score, self-employed, strategy, successful
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