Risk Aversion and the Importance of Stepping Out of Your Comfort Zone: Part Two

Last week, we talked about risk aversion (especially in millennials and the younger generation) and the importance of stepping out of your comfort zone in all areas of your life. We are continuing that theme this week. (If you missed last week’s blog, you can find it here.)

When we think about our favorite feel-good movies—those with memorable heroes and heroines and happy endings that make our souls feel full—what’s the general plot line that comes to mind? For many of us, they feature protagonists who boldly step out of their comfort zone, defy the status-quo, and take risks with highly uncertain outcomes. We see them believe in themselves enough to try, work their tails off, overcome obstacles of all sorts (including fear), and eventually, win the prize.

We like these kinds of movies because they make us feel empowered and hopeful. But, honestly, how many of us actually live out our day-to-day lives like the heroes and heroines in our favorite movies? Are we willing to push back against the nay-sayers, summon the courage,, and boldly forge ahead, even if we don’t know how things will turn out?

This week, in our second installment in our series on risk aversion, I’d like to share three more benefits to stepping out of your comfort zone and living a fearless, confident life.

  • Successful people go for it. It’s one of the most identifying hallmarks of a true leader. They take each situation as it comes, and make a decision out of confidence rather than fear. Successful people do not fear what others think, nor do they let their insecurities hold them back from pursuing their goals. And, they’re not shy about expressing their views, even if their opinion might be contrary to others.

    (In the same vein, know that it’s perfectly normal to care about or acknowledge what other people think of you. The key is making sure you do not fear their opinion, nor let their opinion determine the way you feel about yourself.)

  • One of the greatest joys in living life—our biggest confidence booster and our biggest source of motivation—is stretching ourselves, trying something new, and being surprised by an amazing outcome. In most cases, whenever you decide to simply “go for it,” you’ll be glad you did.
  • We often try to avoid uncertainty, because, well… it can be uncomfortable. However, life is full of uncertainty, yet true leaders take the time and initiative to solve problems. Understand that life is a learning process, and the process itself sometimes matters more than the outcome! Even if things don’t turn out as hoped, at least you tried AND you gained a learning experience to help you the next time.

 

Consider making a list of the things you’ve been wanting to do or try but you’ve been hesitant to take the plunge. Do you see any common denominators? What’s the underlying risk aversion or insecurity? Vow to yourself that you will consciously decide to step out of your comfort zone and follow those pursuits. Trying is a sign of self respect!

Many (and I mean MANY) people cite their biggest life regrets as the risks they didn’t take. So, I encourage you today… raise your hand. Be the first to answer the question. Accept that job. Move to that city. Take on that internship. Give yourself the benefit of the doubt and refuse to live your life with regret! Maybe it’s time to take off those training wheels, and give it a go!

3 Tips to Preserve Your (Precious) Reputation

 What is a prized possession you can never get back once you lose it?

The answer is your reputation.

At some point in your life, your values will be challenged and possibly even ridiculed by others. It’s crucial to talk about this now, with the beginning of the college school year upon us. Why? It’s especially common in the years after high to face situations that test your values, integrity, and ability to stand up to peer pressure. It can be a difficult time for many young people with all of this newfound independence (and adversity!).

Will you have the moral courage to withstand the pressure and take the high ground, even if it means you may lose an opportunity or a friendship in the process?

 I was fortunate to have worked with George Russell, the Chairman Emeritus of Russell Investments. He always took pride in saying, “Our company operates with non-negotiable integrity.” He meant it. George always said, “If you’re wondering whether or not to do something, ask how you would feel if it became tomorrow’s headline in the New York Times. Enough said.

Sadly, you can see how poor choices have destroyed the reputations and lives of countless people in the sports, entertainment, political, and business world. Since many of them were heroes to impressionable kids, their missteps have even greater consequence. Unfortunately, we’ve all seen how the loss of trust and respect can ruin lives and relationships.  That’s why I came up with this list that we can apply to our own lives and reputations. Here are three tips to help you hold on to your values and keep your reputation upstanding:

  1. Avoid the “gray area.” It can be tempting to take shortcuts. We’ve all been there. But if you are not 100 percent positive that something is right, ethical, or in line with your values…then just don’t do it.
  2. Surround yourself with people that uplift you, understand you, and make you want to be your best self. If you find yourself comparing, striving, and doing things out of the ordinary in order to fit in, then they probably aren’t “your people.”
  3. Always tell the truth—even white lies can be detrimental to your reputation. It may sound cliché, but honesty is ALWAYS the best policy.

No matter what you do, preserve your integrity, values, and reputation with every ounce of strength you can muster. You will absolutely, positively, and totally regret it if you don’t!

How have you handled situations where you were asked or tempted to compromise your integrity?  Have you shared the story with the young people in your life? Your positive example will encourage them in their own struggles, especially as they embark into adulthood and life after high school.

Crisis Decision Making 101

It used to be that when I was upset, I either made a rash decision or said something I would later regret. I remember having to go back and clean up my messes or apologize for saying something out-of-line. Being impulsive in the heat of the moment never worked in my favor.

I may have learned it the hard way, but eventually I figured it out. The fact is, we don’t think as clearly when we’re in a highly emotional state (whether we are feeling angry, frustrated, overwhelmed, etc.). There’s too much distraction and we don’t think objectively. Today, if I’m upset and need to make a decision, I make a tentative one, but (where possible) wait until the following morning to confirm it. Generally, it proves to be a better decision because my thinking is clearer and more objective the next day. Often, with the perspective from time and reflection, I change my decision for the better.

Why do we tend to make poor choices when we’re under stress? It’s because of our physiology—that’s right, it’s how we’re wired. But we can learn to compensate.

Being in a stressful situation messes with our brain—and can impair our decision-making capabilities.  A new study shows that in a crisis (or even what feels like a crisis), the brain tends to focus on reward, and ignore the possible negative consequences of a decision. That’s why “feel good” decisions like eating what we shouldn’t, blowing off steam by losing our temper, giving in to peer pressure, or making a rash purchase we can’t afford are more likely to happen when we’re stressed-out.

Even worse, not only does stress make us focus on the ‘feel good” aspect of a risky decision or behavior, it impairs our ability to think about the negative consequences. (Frankly, I’d say that’s a pretty good recipe for potential stupidity, don’t you?)

When you’re in this situation, hold off until the following morning if you can, or at least defer it until you’ve settled down and can think clearly. Ask for more time if you need it. Learn to recognize and release your stress.  Here are 3 quick tips to help unwind and cool you down:

  1. Reach out to your support system. You don’t have to go through hard moments alone. Their wise counsel and perspectives can help immensely.
  2. The endorphin rush you get from exercise will up your mood and help chase away the blues.
  3. Practice conscious breathing and relaxation techniques. Meditate, pray, do yoga, or all of the above. Connect your mind, body, and spirit for a holistic de-stressing.

Also, think about the things that make for good decisions and force yourself to follow them. You’ll be glad you did!

Have you noticed that your decision-making improves when you’re not in an emotional state? Which young people in your life can benefit from this lesson when facing stressful situations?

Take Responsibility; Don’t Dodge It

 

“If you could kick the person in the pants responsible
for most of your trouble, you wouldn’t sit for a month.”

~Theodore Roosevelt

 Ah, the blame game. We’ve all played it. Most of the time, it simply doesn’t feel good to accept responsibility when we’ve fallen short, so we cast the blame on others (e.g., “If my teacher wasn’t so rude, I wouldn’t have failed the class.” “I know I got a speeding ticket, but my friend made me late!” “My teammates cost us the win.”).

However, we’re all human, so we make mistakes.  Every single one of us. Sometimes those mistakes are completely innocent and happen by accident, and sometimes they stem from a bad decision, a character flaw, or selfish motives. But no matter what, mistakes and shortfalls are part of life. While no one keeps track, they number well into the thousands in a lifetime. That being the case, one has to wonder why it’s so difficult for us to admit our mistakes and accept responsibility.

Is it because the words “I’m sorry” don’t come easily? In such cases, it’s sometimes easier (and feels less shameful) to blame others and make excuses. Our pride gets in the way.

Or, maybe we fear how others will react. For people who have been victims of abuse, this is a natural response.

Is there a better way to handle our mistakes?

People who are prone to blame others first are actually reflecting their own insecurities. Implicitly, they assume their relationships can’t withstand an acknowledgement of a mistake or shortfall. However, it’s a false assumption, especially since most people appreciate it when someone admits a mistake and asks for forgiveness.

When you make a mistake or your best efforts fall short of the goal, you can do one of two things:

  1. You can TAKE responsibility, apologize if appropriate, do what you can to make things right, and commit to doing better the next time around.
  2. You can DODGE responsibility, blame someone else (or the circumstances), and walk away from the situation – leaving others (and yourself!) with the problem you created.

Choice #1 will gain you the respect of your family, peers, and colleagues and help you learn from your mistake. It’s an act of integrity. Choice #2, on the other hand, will damage your reputation and deprive you of a valuable opportunity for personal growth.

Refusing to own up to our shortfalls creates a blind spot in our lives—one that might cause us to miss out on great opportunities to learn and grow! That professor who was “biased” against you? She could have turned out to be a great tutor. The coach you were convinced benched you every game because “he didn’t like you?” He could have been a great trainer and helped you up your game. That “jealous” classmate? She could have helped you become a better friend.

The long and short of it is this: Accepting responsibility is a hallmark of a true leader and a sign of maturity. The next time you’re tempted to blame first, swallow your pride and admit that you fell short. You’ll be respected and admired by others when you do… and you might be surprised by the grace they extend to you in return!

Do you find it difficult to admit your mistakes and accept that you aren’t perfect? Why? How do you develop the value of taking responsibility for mistakes in your teens or students?

Making the Best Decision in the Heat of the Moment

Can you remember a time that you were scared, sad, angry, or hurt and made a rash decision based on emotion or said something you later regretted? We’ve all done it. And most likely, these situations never worked out very well.

As we grow older and wiser, we eventually learn that it’s never smart to make important decisions abruptly or in a highly emotional state. Simply put, there’s too much distraction and it’s nearly impossible to think objectively or clearly. Today, if I’m upset and need to make a decision, I make a tentative one, but wait until the following morning to confirm it. Generally, it proves to be a better decision because I’ve had more to consider the pros and cons and potential consequences by then. It’s amazing how often I change my mind!

Why do we tend to make poor choices when we’re under stress or filled with emotion? It’s because of our physiology—that’s right, it’s how we’re wired. But we can learn to compensate.

Stress messes with your brain—and can impair our decision-making capabilities. A new study shows that in a crisis (or even what feels like a crisis), the brain tends to focus on reward, and ignore the possible negative consequences of a decision. That’s why “feel good” decisions like eating what we shouldn’t, blowing off steam by losing our temper, giving in to peer pressure, or making a rash purchase we can’t afford are more likely to happen when we are stressed out.

Even worse, not only does stress make us focus on the ‘feel good” aspect of a risky decision or behavior, it impairs our ability to think about the negative consequences. (Frankly, I’d say that’s a pretty good recipe for potential stupidity and regret, don’t you?) As I consider my own decisions (and those of our elected officials!), I would argue that failure to consider adverse, unintended consequences, is one of our biggest mistakes. It’s all too common, especially with relationships.

When you’re in this situation, hold off until the following morning if you can. Think about the things that make for good decisions and force yourself to follow them. If you don’t have the time to physically go to sleep and make your decision the next day, here are some tips to help you clear your mind and avoid making a rash decision based on emotion:

  • Learn to recognize and release your stress
  • Consult with a trusted friend and ask for honest advice
  • Science proves that exercise actually can calm our nerves.
  • If you are religious, seek spiritual counsel
  • Go to a place you consider beautiful (a park, a beach, a walking trail) and spend some enjoying nature and breathing in the fresh air. It will be good for your body and soul, and will most likely calm you down.
  • Develop a pro/con list to ensure you’re looking at all sides of a decision
  • Be sure to consider your conscience and intuition. I’ve learned to never disregard my gut feeling about something. Pay attention to yours, too.

As we enter our teen and young adult years, our decisions often have life-altering consequences. So, it pays to evaluate each one as comprehensively and objectively as possible while we’re calm and our thinking is clear. Not only will these tips help you make better ones (especially under stress), but they’ll also help limit your life regrets. That’s huge.

Have you noticed that your decision-making improves when you’re not in an emotional state? How can this lesson be good for young people who may find themselves in stressful situations—do you see how they can be influenced to make potentially life-altering decisions when they’re in the wrong frame of mind? Share your thoughts by commenting below; we’d love to hear your perspective and experiences.