Life Equals Risk: Fear and Risk Tolerance (part 2)

“No passion so effectively robs the mind of all of its powers of acting and reasoning as fear.” ~Edmund Burke

Why do some people spend their lives wishing for something while others are living their dreams?

Ronald Heifetz, professor at Harvard University’s John F. Kennedy School of Government, answers by saying,  “Making real decisions and taking real risks requires freedom – freedom from the loyalties, expectations and fears that inevitably fog our risk-vs.-reward equation.  Peoples’ choices to take or refrain from risk are over-determined by their culture.” Professor Heifetz’s quotation about culture determining risk tolerance is provocative but only scratches the surface.

Is there something beyond culture that makes some people more willing to act on their wishes – to take more risks than others?

Psychologists have theories but now geneticists are weighing in. The BusinessWeek article, Innate Risk-Takers introduces the book, “Born Entrepreneurs, Born Leaders: How Your Genes Affect Your Work Life”.  The title may lead us to believe that entrepreneurs are hard-wired for leadership and risk but the story and theory don’t end there.  Our genes may impact in-born behavioral styles but we humans are far too complex for sweeping genetic generalizations – nature and nurture play very important roles.  A single source, book or risk-taking assessment cannot identify your true risk-taking style, much less how you react to various risk situations.

To begin to illustrate this complexity,  I’ll disclose a few high and low risk tolerance traits (as described by the books) and how nature/nurture contribute to my personal risk tolerance. 

Please use the bullets as a prompt to consider factors that may impact your risk tolerance.

I’m risk-tolerant - by the books, because:

• I’m at my best under pressure – enjoyed emergency ambulance work.
• Enjoys speed, rollercoasters, and had a (before parenthood) desire to skydive.
• Primarily exhibits “Dominance” and “Influence” behavioral styles in work environments (they love spontaneity, fast pace, risks and challenge)
• Those with the birth sign of Aries are known for adventure, pioneering, optimism and risk-taking.

I have always considered myself risk-tolerant, yet just yesterday, my husband described me as risk-averse!  It surprised me but made sense at the same time. Here’s why it’s not so simple:

I’m risk-averse - by the books, because:

• I like surprises…just not bad ones.  My mind works to troubleshoot what can go wrong with anything/everything – I want to be prepared.
• Moving from middle class to relative poverty as a child created strong financial sensibilities. I don’t worship money and I don’t waste it.
• When I’m not in the role of boss, my “Dominance” behavioral style is replaced with “Steadiness” and “Conscientiousness” (full focus on helping.  I can be spontaneous but prefer to research decisions and to plan)
• Working in allied health and having a child with dairy anaphylaxis has made me keenly aware of risks that others may not consider – hence, more cautious.

~ What is your mix of risk-tolerance and risk-averse nature/nurture traits?

~ How did my risk tolerance equation factor in the biggest risk that I have personally taken…leaving a six-figure salaried job and starting my own business in 1997 as a single mother with no other source of income?

For me, risk tolerance is largely about fear management.

I was only able to manage the fear with an equal mix of:

using my head – following my heart – and trusting my gut.

Please share your ideas and experience and/or read part 1:

• When have you felt the fear and decided to do it anyway?
• What did you learn about risk, fear and yourself?

Life Equals Risk (part 1)

Each morning we get up and plan our day.  But each day, a fair number of those who knew what they would be doing that evening were wrong because the risks of living caused their lives to be forever changed or lost.  A sobering thought, yet none of us is immune to an automobile accident, a  sudden illness or random event. I was musing about this topic this past December when my long-time friend and book keeper went out to her car, slipped on the ice and suffered serious head trauma – she is currently disabled and may never be the same.

The stark reality is that simply getting out of bed in the morning and stepping into the shower is a risk.  So  now that we have yanked open the illusory curtain of safety and certainty, let’s begin to bring taking risks into perspective.

We get out of bed because the risk is so worth taking that we don’t think about it as risky.  And what about the risks you do think about – until the notion of actually taking them becomes as frightening as your first roller coaster ride?    Are you considering…

• starting a business?
• leaving an unhappy situation?
• taking a new job?
• changing career fields?
• becoming a stay-at-home mom or dad?
• living with authenticity and transparency?
• going back to school?
• relocating?
  
• following a dream?

If so, what’s holding you back? Fear of failure or rejection? Watch this video about “Famous Failures” for inspiration well worth holding onto.

Hang on tight to the feeling you have after watching the video and read part 2 now (risk tolerance) and then click the RSS feed to get part 3 by email – to hear from everyday people who climbed aboard the risk roller coaster of their dreams.

Let’s get the discussion started:

• What risks are you considering?
• What risks have you taken – will you share your story?

Write, Produce and Direct Your Own Destiny Program(ming)

I counted down the days in anticipation of my first appointment with the junior high school guidance counselor…only fourteen days before the secrets to achieving my goal of gaining admission to medical school would be revealed.

As outlet for my enthusiasm during what seemed like an eternity before meeting with “the wise one”,  I kept busy compiling a portfolio of clippings to demonstrate my credibility and abilities.

When the appointed day f-i-n-a-l-l-y came, I could barely breathe from excitement.  I counted the hours, waited in line and had barely planted myself in the seat before pronouncing that I really, truly wanted to be a doctor.  The counselor was silent and just cocked his head the way a dog might when confused or curious.  He leaned in and broke the pregnant pause with thunderous laughter.  Not the mocking laughter that might just  take the wind out of my sails – a laugh that created the sickening suffocation feeling that you may recall as a kid when you got the wind knocked out of you from rough-housing.

Despite reeling from shock and confusion, it only took moments before I begin peppering him with questions in hopes of understanding.  His reply then was, “Well, kiddo, pretty girls don’t need to work”… while he leaned in and literally patted me on the head!  Ignoring his crass compliment, I continued to press for an answer.  I talked about being an honor student, showed him my portfolio of A+ science essays and the bibliography of healthcare books that I had voraciously read as a hobby.  After this round of pestering and proof he said, “Well… if you HAVE to work, you might consider being a secretary or a nurse”.  He glanced at his watch -  I realized that I was running out of time and panicked.  That’s when I blurted out, “I just don’t understand why what’s between my legs counts more than what’s between my ears”!

The experience may help explain some fierce feminism on my part but to this day, I don’t know where the words came from or who was more shocked; I still marvel that at 13 (or any age) I uttered them;  I vividly recall that this was the first time my ears burned with indignation and embarrassment.  We both stared at the floor – he cleared his throat and rose to his feet.  There was a long and awkward silence as the “wise one” led the “wise mouth” to the door.

It took years before I realized that my counselor was more classist than sexist.  It never occurred to me that my parent’s divorce and my subsequent move to a public housing project was virtually a life sentence.  But I, like so many of us (especially children) had allowed his judgment to “program” my beliefs, self-esteem, goals, and limitations.

A burning desire to learn, stretch, and grow made me too restless to stay tuned to my counselor’s program.  I began to change the channel and eventually tuned in a “station in life” and a program that I owned.  Here, I could be the writer, producer, director, and lead actor in a program called, “Your Lot in Life”.  This melodrama and occasional sitcom is about an underprivileged kid who refused to park on her lot in life and instead, became a JobLife Architect determined to excavate, renovate, and build on her lot.  In fact, this slice of my life helped me begin to create the JobLife Architect philosophy.

We alone must define and design our own success

Or life may happen TO us

Instead of THROUGH us.

You cannot “choose” to change the channel until you identify the programming preventing you from building on “Your Lot In Life”.

What limiting ideas have you gotten from parents, teachers, friends, lovers, family?  They are often off-handed comments stated in frustration by those we trust when we are so young that we cannot filter or analyze their veracity -so, they become a part of our subconscious script.  They often sound like: “You can’t do anything right” – “You’re stupid or bad at math” – You’re lazy or You’ll never amount to anything”. They may be more innocent or far worse but that’s not as important as how we continue to allow the messages to auto-loop in our heads.  We become victims of the unwanted messages like the frequent commercials that we find irritating yet cannot help but recall – argh, like the 1-800- Empire carpets jingle just sprang to mind!  Only with maturity and experience can we examine and question them:  Is every one of the judgments and beliefs about you, your character, abilities or limitations based in fact or reality?  Which have a kernel of truth but became your reality program because they were repeated so much that you lived down to the expectation?  Which still haunt you as negative,  “I told you so” self-talk just waiting for you to trip up? 

Which of these negative beliefs…

• Are not true at all or any longer?
• Inhibit your self-confidence?
• Limit your hopes, dreams or goals?
• Have become a self-fulfilling prophecy?
• Drive you to gain promotions and titles or material success to prove them wrong?
• Need to be censored before they do harm (like an F-bomb or Janet’s wardrobe malfunction)? Do you have a delay mechanism like meditation to allow you to consider before acting on your thoughts?
• Should be edited or re-scripted?

Will you share examples of when you junked the program, wrote your own program, or when you took control of the remote and changed the channel?