The Six Stages Of Making A Change
I'm a big believer in having multiple streams of income. Instead of putting all of your eggs in one basket, I think it's a good idea to add to your bottom line from a variety of sources.
My five year plan aims to add more streams of higher income because working 8-16 hours a day for someone else just isn't cutting it anymore.
So where am I at after deciding to embark on this change almost 10 days ago? I'm somewhere between pre-contemplation (not ready) and contemplation (getting ready).
I remember learning about the Six Stages Of Making A Change when I was in college and how these stages can be applied to almost every major decision people make in their lives.
It's common for me to go through these six stages when I decide to start exercising or eat more healthy. Things don't just change for me overnight, I have to go through all of these stages before finally taking action, and sometimes I move quickly through the first 3-4 stages and other times it takes a bit longer.
I'm stuck between pre-contemplation and contemplation because the changes I want to make cost money. It's always hard to spend money, even if spending money will hopefully lead to more money, especially when I'll be drawing cash from one of our investments.
I keep telling myself I have to spend money to make money but it's hard because it involves risk.
I remember my best friend growing up, his name was Jamie, and his Dad owned multiple businesses and real estate in the area. We played road hockey in their tennis court and zipped around on their mini-bikes and 4-wheeler's.
My Dad told me he admired Jamie's Dad because he wasn't afraid to take risks with his money.
Not everyone is prepared to take risks because their focus is on the glass being half empty...what happens if it doesn't work out, what happens if we lose all that money, can we afford to do this?
There's only one way to find out.
I'm moving slowly and deliberately through the first stages of change because I want to learn as much as I can about what I finally decide to do, eliminating any unforeseen bumps along the road and taking away as much risk as possible.
Risk comes from not knowing what you're doing - Warren Buffett
I'm scared, though...I'll be honest. I try to live my life with the glass being half full but it's common nature to be apprehensive and find myself stuck in the pre-contemplation stage for months.
The key is to not be paralyzed with fear.
The biggest risk is not taking any risk...the only strategy guaranteed to fail is not taking risks - Mark Zuckerberg