Lebanese Food And Trading Go Hand In Hand…
When’s the last time you went out to dinner with the Mrs.? Did you go to a tried-and-true favorite restaurant, or did you branch out and try that new Lebanese place you heard about?
And when you got to the restaurant, did you pore over the menu for awhile, but ultimately end up with an old favorite, or did you just close your eyes, point at something random on the menu, and say, “Whatever this is, I’ll have that”?
Now, you may want to take culinary risks from time to time, but let’s get really honest here. Most of the time – probably 98% of the time, in fact, you go with what you know. Statistically, you’re far more likely to end up at the Olive Garden or your favorite local cafe than to try some strange new place you heard about once.
And even if you do branch out and pick something new, you’re probably looking for favorite ingredients, so you know whatever you pick will probably be ok.
“Hummus with awarma? I’m not sure what that means, so I don’t know if I’ll like that. Oh, look, they have chicken kabobs in a pita wrap – that sounds pretty good. I think I’ll go with that.”
Now, the foodies of the world might disagree with me, but guess what – there’s absolutely nothing wrong with looking for what you’re familiar with before you make a decision, and there’s no fault in having a comfort zone.
After all, it’s in our DNA. Our primate ancestors didn’t start eating whatever they found on the ground. They went with what they knew, and for good reason. It was hard-coded into them that some things would make them sick – or worse, kill them.
And they certainly didn’t march off in search of new lands. They stayed where the getting was good. If they had food, water, shelter, and company, there was literally no reason to look for anything else.
This kind of adherence to a comfort zone kept our ancestors safe, fed, and alive. This carried through to early bipedal ancestors of man, then through a couple of millennia of homo sapiens.
The only thing it didn’t do for them, though, was to make them rich or abundant. For tens of thousands of years, enough was enough, and staying in your comfort zone was a good way to stay
Nowadays, it’s different. People want more than just the hand they’re dealt in life, and with the changes brought about by higher education, the stock market, and the internet, we’re more able than ever to reach out and grab any brass ring we can possibly dream of.
From $12,000 to $5 Million
Recently, I had Tim Sykes on London Real. Talk about grabbing the brass ring – this guy has been trading since junior high. He literally took the money he got for his bar mitzvah and put it into the stock market just to see if he could make something out of it.
He’s been trading ever since. In fact, he’s successfully traded penny stocks for over twenty years now. Time turned an initial $12,000 into over $5 Million. He’s written books and helped countless others learn how to do what he does, and best of all? He explains complicated trading processes in a very easy to understand, accessible way.
Most people who start trading young are foolhardy and quick to lose more than they can stand.
Not Tim. He takes a different approach.
Tim has found a way to find the balance between risk and reward. Here are his rules for doing just that.
First, see the end goal. Ask yourself, what do you have in mind? How much do you want, and what are you able to do to get there? See the goal before you start out, or you’ll never know what you’re aiming for.
Assess the risks. Take the time to weigh potential outcomes. What could happen? How much can you afford to play with? And what do you need to hold in reserve to maintain your lifestyle? How would you invest differently if you thought of it as a marathon instead of a sprint?
Look for the singles – not the home runs. Play the numbers so you can win consistently instead of looking for over the top, quick (but insanely risky) money. This is baseball – or perhaps, more accurately, chess, not checkers.
Be willing to build step by step. There’s no such thing as getting rich quick. This, like anything worth having, is a process, and if you don’t put the work in, you won’t be a good steward of your money when it does show up, so be willing to go slow and low.
Don’t go all in. You might know a lot, but you don’t know it all, so learn to become comfortable with risk by knowing what you can stand to lose. As exhilarating as gambling is, leave the roller coaster ride in Vegas.
Do You Really Practice Risk?
In theory, everyone says they love risk. But in practice, we know we can lose a lot so we hold our cards close. Too close.
You don’t have to do that anymore. You just need the mental discipline to play by these rules.
So maybe this had inspired you. Maybe now you can see that you should go to Olive Garden a little less and try the hummus a little more – metaphorically speaking, of course. After all, you’ll never find the new and delicious rewards in life if you don’t branch out a bit.
All this is not to say you should bet the farm. Instead, you need to learn from Tim and take judicious risks when you can.
Weight the risks against the potential rewards and when the time is right, go for it.
After all, no one laments the things they have tried at the end of their life.
They only regret the things they never got to do.
Editor, Brian Rose Uncensored