How Taking Risks Can Lead You To A Better Life
Taking risks doesn’t mean winning at life every time, sometimes they can lead to failure - and that’s okay. Failure is the pathway to success and something we all must experience from time to time. And what is a failure anyway? If not a learning experience, something which is valuable and helps us not to make the same mistakes again, but failure should never stop us from taking risks. There is a saying,
We fail our way to success
At the beginning of 2021, I took a break from my property business. Not because I didn’t enjoy it but because I was uncertain about where I was heading with it. I knew this was going to be a risk, but the risk of pushing forward for the sake of it and making some bad investment choices were much greater! I decided that taking a break was better than quitting altogether and after much thought, I decided nothing bad was going to happen if i just stopped for a while. As i’ve previously spoken about, I worked on my creative endeavours instead and spent a year building my Love Rachael Jewellery business, published several books and re-branded myself. All of which felt like a much needed therapy in unprecedented times. It was the break I needed to re-focus. It also enabled me to create new revenue streams and brought me so much happiness.
Make Happiness a Habit - available at Amazon & Barnes & Noble 💖 see link at the bottom of this post!
So, at the beginning of this year I felt ready to make some decisions. The timing felt right to dip my toe back in the property world and I wanted to focus my attention on my coaching circle ‘Becoming Iconic’.
I believe in building sustainable income streams, so no matter what happens in life, you are not reliant on one income source and thats held me in good stead the last few years. I also believe in building your own empire and using your own unique skillsets and talents to bring value and happiness to the world.
Property is one of those income streams for me. I started with nothing, just a few short years ago, and have build a successful property rental business. You can read all about that journey here: The Property Girl.
When I first started investing seriously a few short years ago, I had to make some big decisions and make some sacrifices to learn and implement. But I knew what outcome I wanted and so the sacrifices didn’t really feel like sacrifices. I had to take BIG, educated risks, and the clue here is in the ‘educated’ and I had to move forward with absolute certainty and belief in myself.
I did the work, which was intense, often overwhelming but totally worth it. My property empire is appreciating. The RISK was worth stepping out of my comfort zone and stepping UP for myself. Did I make mistakes? yes, lot’s! did I learn from those mistakes? 100% yes! A steep learning curve that has meant I have a £1 Million pound, appreciating, property empire.
Now, back to the beginning of this year, again, I was at a decision point. Do I start to dip my toe in investing again? or leave it a little while longer? I felt like, as a country, we were starting to take back control, the vaccination programme is a relative success and the world was starting to move again. I asked myself, what action could I take at this moment in time to restart my property business? Well would you know, ‘Ask and it’s delivered’ worked instantly. The thought process of pondering my options, the risks, the pitfuls of doing nothing, the positives of taking massive action, all led me to the decision to work on a new property strategy. Feeling inspired I jumped onto the property sales portal and to my surprise a property had been listed just 5 minutes earlier! I rang the agent and scheduled a viewing the very next morning.
I’m going to simplify this next bit of the story because this blog post is about you taking risks but I want to just briefly explain what followed. After I viewed the property, I put a full and final offer in to secure it that day. The offer was accepted. In the meantime, I was chatting to a lovely lady who mentioned another property was available that I should take a look at, so I did, and low and behold, it was perfect for my new strategy and so an offer was accepted on that one.
Within 1 week of making an INFORMED DECISION I had secured 2 Holiday Let properties on a 5* park, next to an award winning beach and close to The New Forest National Park.
The process of making an informed decision went something like this:
OPTIONS:
Stay stuck and powerless, not making decisions - Could possibly feel a massive sense of regret at the end of 2022 AND not have added any value to my business.
Brainstorm options, my inner strength has returned thanks to a much needed 1 year break! do my diligence, move forward with courage - If all else fails, I have tried and succeeded in building a new income stream and have used my time wisely as we come out of Pandemic.
To help me, I followed the strategy outlined below. I’ve used this strategy FOR YEARS and it’s ALWAYS helped me take the necessary risks at the right times in my life and I know it’s going to help you too.
How To Make A No Lose Decision
First you need to grab your notebook and write down these 2 questions:
What is the decision you are facing?
What “goodies” would each path bring?
Making No-Win Decisions!
Before making a decision
Listen to your mind drive you crazy.
Paralise yourself with anxiety as you try to predict the future.
Don’t trust your intuition - listen to what everyone else thinks.
Feel the heaviness of having to make the decision.
After the decision is made
Create anxiety by wishing you could control the outcome.
Blame someone else if it doesn’t work out as you pictured.
If it does work out, keep wondering if the other decision would have been even better.
Don’t correct if the decision is “wrong”. You have too much invested!
Making a No-Lose Decision
✅ 1. Focus immeditely on the No-Lose model and affirm “ I can’t lose - regardless of the outcome”.
✅ 2. Do your homework:
Talk to family and friends
Professionals
Reading information
Others who have experience in the field
✅ 3. Establish your priorities in life.
✅ 4. Trust your impulses.
✅ 5. Lighten up!
After the decision is made
✅ 1. Throw away your picture - let go of the outcome
✅ 2. Accept total responsibility.. and learn from it all.
✅ 3. Don’t protect…correct.
Lighten Up!
Once you start to go through this process of making a No-Lose Decision, you really have to let go of the outcome and lighten up. Yes! stepping up and out of your comfort zone is scary, but in my experience its the making decision part that is scary, not so much, taking the action part.
Using the above strategy will help you with your decision process and 2022 transformation moving forward, just like it has done for me.
With this in mind, what risks are you going to take this year, to make this your best year yet? What no-lose decisions can you make to bring more happiness to your life?
I’ll be sharing my journey of my brand new Holiday Let Business - Chewton Bunny holidays - @chewtonbunnyholidays as we go through the year, so you can see for yourself how that goes!
I’d love to hear how your ‘taking risks and transformation journey’ is going so far. Please comment below or come chat with me on my socials
If you would like more of this and to join my coaching academy, for more, affordable coaching tips, like this, head over to my Becoming Iconic page here
From my heart to yours,
Rachael x0x