Risk, Reward, Probability

What would you do if someone said you had to make a decision on a purchase, an investment, a property—you call it—by the end of the day?

Well, you know what most people would do, don't you? They would do nothing—they would let the opportunity pass. Or there's the other group, who would get so scared and say, "Oh my God, I better do it now, because if I don't do it now I won't be able to do it!"

Hey, all you do is the same thing that you would normally do, but in fast-forward. You're a person who can make decisions. A decisive person evaluates the potential rewards, the risks, the probabilities… and then if it fits in with their criteria, with their direction, makes a decision.

That's what you'd do. Hey, it's no big deal to say, "I can't make a decision without adequate information." And if you can't get adequate information, that's true.

Remember—risk, reward, probability. If you can't evaluate the potential risk, the potential reward, or the potential probability, then I'm not here to say, "Move forward." Hold on! I’d say, "Move forward very cautiously."

Financial literacy is not about being stupid. No. But if you can evaluate those things, how much time do you need? When's the best time to do something positive for your career, for your life, for your retirement, for your portfolio?

Always, the answer is now.

We work so hard to put ourselves in the position of now, because there is no other time than now. You will never have a deal presented to you yesterday that you can work today—deals just don't work like that.

In fact, my buddy Robert Allen says you can't steal in slow motion. You need to be in a position to evaluate your risk, your reward, your probability, and be willing to act.

And when the numbers add up, willing to act now.

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