33: Coming to Terms with Risk

Coming to Terms with RiskSomething almost all physicians have in common is we naturally have a tendency to be risk-averse. This makes sense on so many levels because of how we were educated, and even the nature of our work. But the truth is, this hesitation when it comes to taking risks is exactly what keeps so many people from creating true wealth.

I’ve been thinking about this a lot lately because it’s something I see coming up for so many of my clients. They want to make money and build wealth, but everyone knows a story of somebody who thinks they got swindled or lost money when they took a chance. So, what I want to do today is analyze the thoughts that stop us from taking the chances that might improve our lives, as well as help you come to terms with the possibility that you might fail on occasion, and that’s okay.

Join me on the podcast this week to discover why physicians are so prone to being risk-averse, and how to learn to embrace the risk required to create true wealth. I’m sharing what we’re really trying to avoid when we don’t want to risk losing money, and why I choose to celebrate failures when I’ve taken a chance on something and it hasn’t worked out exactly as I had planned.

If you’re ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You’ll Learn from this Episode:

  • How the traits that helped us become physicians can actually work against us when it comes to money.
  • Why I choose to celebrate my clients’ failures instead of consoling them when they happen.
  • What we are trying to avoid by being risk-averse, besides losing money.
  • How the risk-averse stance of playing not to lose is not the same as winning.
  • What you can do to address your thoughts and feelings around taking risks and losing.

Listen to the Full Episode:

Featured on the Show:

  • Learn more about Money for Women Physicians where you’ll learn the tools to make practicing medicine OPTIONAL.
  • Follow me on Instagram

 

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