An Unconventional Guide to Paying for College

Your Worst Nightmare Might Not Be So Bad

 

What’s the worst that can happen?

This question has been posed millions of times by people who are trying to find justification for an action that they are not 100% confident in.

For example, “Dude, I am about to go jump off of the back of the roof, onto the trampoline, over the neighbors fence and then swan dive into their pool! It’s gonna be sweet! Besides, what’s the worst that can happen?”

Ok, maybe not the best example, but you have all asked this question about one thing or another in your life.

It is the answer however, that I want to focus on. When you ask this question, what is your answer? Is the answer dire enough to stop you from taking action? Is it clearly defined? Is it realistic? Or is it just a reiteration of the common fears that you have heard people saying for years?

If you tried the stunt in my example above, you will probably break your neck and paralyze yourself. That outcome is clearly defined, and just stupid. Don’t try that at home (or anywhere else for that matter!)

However, in the majority of situations, the worst possible outcome is actually not as terrible as you once thought once it is clearly defined, and once you compare it to continuing on without any changes.

Paralyzed by Undefined Fear

So many people avoid doing something that could truly change their lives because they never sat down to clearly define what their worst case scenario would be.

Have you ever made the decision NOT to quit your job and pursue an awesome business idea that you had? What was your reasoning? Was it fear of running out of money? Was it fear of nobody liking your new product? Was it fear of humiliation by your family? Was it pride? Was it lack of confidence?

Have you made the decision NOT to ask your boss for a raise? Were you scared? Did you think you might get fired?

Do you even know why you decided NOT to pursue the last big decision you almost made?

Most people don’t. Most people simply say NO to things that could benefit them because they do not understand the true cost of the risk they are taking.

If you never define the worst case scenario for a decision, then you can never truly make an informed decision. Your decision will be based on circumstances and societal pressures.

Define the Worst Case Scenario

What is the worst that could happen if you asked your boss for a raise?

Let’s clearly define all of the worst possible outcomes:

  • The boss says no, and you continue on as normal
  • The boss says no, and he holds a grudge against you
  • The boss says no, and skips you over for the next promotion b/c the boss holds a grudge
  • The boss says no, and makes the decision to fire you for being “selfish”

In all of these possible outcomes, you did not get the raise you asked for. They increase in severity with the worst outcome being you actually getting fired for asking for a raise.

So now what? You asked for a raise, and instead you got fired. Where does that leave you? Well, you likely asked for a raise because you felt you deserved one. You had been working hard and providing value to the company without any increase in compensation.

You should take that same level of motivation and go look for a new job. You should look for a job where your skills and level of commitment to the company will be rewarded. You should look for an employer who will value your contributions and not fire you, for wanting to better yourself.

You could take your entrepreneurial spirit of asking for a raise, and begin to do freelance work. Someone will pay you for the skills that you have. You could transition the first few freelance gigs you get into a more regular business. You could go work for yourself, and never have to ask for a raise from your boss again.

When you take your worst case scenario and break it down into pros and cons, it becomes very easy to see that even if the worst happens, you still have options.

Often times, you have very good options.

Disaster Breeds Success

From the ruins of loss, disappointment and failure, rise success.

Many people who have suffered the loss of a job, or made the decision to make a drastic change in their lives have reaped success. Often times, a disaster is the catalyst that we need to get motivated to make positive changes in our lives.

You have likely heard many stories out of this recession of people who hav e been fired from high paying jobs, only to start a business and become incredibly happy.

People who make the decision to work for themselves feel a sense of confidence and freedom that they never felt while working for a corporation.

There is good that can come from making a difficult decision.

The trick to finding these good choices is to clearly define your worst case scenario. Once you have done this, you will likely see that your worst case scenario is really not so terrible after all.

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10 Comments

  1. Whenever I face fear, I take action! I increase my preparation, it relieves my anxiety.
    krantcents recently posted..Another 15 Coolest Jobs on the PlanetMy Profile

    • @Krantcents Right on. Being prepared always helps me relieve my fear as well. I think that started with tests in college, and now flows into virtually every major task in my life. It pays to follow the boy scout motto “Be Prepared!”

  2. You make a powerful argument. Adversity and disaster to challenge us and bring out our best, if we decide to rise to the challenge. Fear can be largely irrational, I agree. However, I won’t be attempting any trampoline, swan-dive acrobatics anytime soon. Ha!
    Hunter @ Financially Consumed recently posted..Launch Your Career Sideways In 30 MinutesMy Profile

    • @Hunter Ha! Glad you enjoyed the article. Irrational fears is a good phrase….I’ll keep that one in mind for future articles!

  3. Good stuff! Most of the stuff we are afraid of usually never happens anyway. And when the worst happens, we usually find a way to survive. Great insightful post!

    • @ Ralph — Thanks for the comment. We can be pretty resilient people. We do always seem to find a way, and often times create something from nothing when it gets down to the worst!

  4. Good post. I decided a long time ago to stop letting fear of the unknown stop me from taking action. I just don’t want to live with regrets over the what-ifs in life.
    Matt @Financial Excellence recently posted..Am I too Cheap? Dealing with my Broken GlassesMy Profile

    • @Matt — That is a great take in life. Fear of the unknown can be crippling, and it usually just takes an attitude tweak to make a huge difference.

  5. Good article. Fear holds us back more than we realize. My advice to any college student is to eliminate fear when you are young and you can. Take risks. Trust me, it is easier to be brave before you have a mortgage and a family to consider! And once you develop those ‘brave’ habits they will stick with you.
    Denise @ The Single Saver recently posted..Never ForgetMy Profile

    • @Denise – Ha! You are right that it is much easier to take risks and be brave before life commitments hold you down. They are certainly not a bad thing, but they do often limit your choices and freedom. Thanks!

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