
For many, this will be a year of uncertainty as the economy begins to falter, as the new President of The USA takes office in 8 days time amidst unprecedented world corporation bailouts & worker layoffs. On the local front, we have our Bodowi PM relinquishing his position in March only to have another goon fill the post and with the rest of the government goonies being more interested and frenetically jostling for party posts, rather than discharging their responsibilities and duties to the country and taking care of the wellbeing of us, the "rakyat". Yes, this year will definitely be challenging to many people and many of those people have never had to face some of these types of challenges in this lifetime, especially those who have just entered the workforce and shied away from the parental umbrella.
Many people will be gripped by the fear as they watch the daily news and worry about how their lives will be affected. A portion of them will also be losing their jobs, which will have the domino effect on losing their homes, their cars and their current lifestyles. This stress will not only cause a loss of material things but it will also put pressure on other finances ( the bulging credit card balances and those prepaid Air Asia specials booked way in advance!) and also not-forgetting relationships. My fear will be that many relationships and partnerships will crumble as a result. Some people who lose their jobs will feel lost because they believe their jobs define who they are.
This will indeed be an interesting and arduous time in our history, as our government still continue to live in self-denial with self-distorted economic figures whilst the rest of the world understand that their economies could only get worse before recovering. And how are we to believe the statistical Consumer Price Index (CPI) data released by the government which put the post-petrol hike inflation at a monthly maximum of 8% ? Even a man-in-the-street with zero knowledge of microeconomics would be able to tell you that the prices of a basic basket of goods (eg. rice, flour) have increased way beyond 30%, with many prices even having doubled. The obvious flaws in governing the economic situation have dampened any trust the ordinary citizens have for their elected representatives. Thus, this will also be the time when many people will have to rely on themselves and make some tough choices as they try to stay ahead of the curve and make the right moves to keep their heads above water and ride out current situation; choices that involve taking a risk.
The word "risk" has an interesting connotation to most people. For most, when they think "risk" they think "danger" or "loss" ; the word "risk" has a negative connotation. I believe that the people who see "risk" as a positive word are in the minority. For that minority, their mind transformation is to take advantage of making the best out of a difficult position and thus, reaping huge rewards. Donald Trump, Evil Knievel, Helen Keller, David Blaine and Nelson Mandela to name a few, were all risk takers ; it is by virtue of the risks they took that we know their names today.
For most of us though (moi included!), the thought of taking a risk can bring on great fear and that fear can be so catastrophic that it paralyzes us and leaves us vulnerable, sitting on the fence between choices. The posture of straddling the fence leaves one in a place of danger because ones feet are not touching the ground and it gets very easy to be knocked off that preverbal fence.
We all have choices to make, most of it which will involve some degree of risk. Some quick and simple suggestions that I've read in assessing risk that could prove to be of assistance are :
- Envision the positive side of risk first and imagine what would be the highest possible good that could occur by taking that risk.
- Then envision the worst possible thing that could happen if we were to take the risk.
- Ask ourselves, could we handle the worst possible outcome of taking the risk?
- If the answer's "yes" (wouldn't like it, but could handle it) then move forward with the risk and envision and be motivated by the best possible outcome, not letting any fear of a wrong decision creep into our minds.
- When we feel ourselves start to falter and we want to turn back to what we perceive as comfortable, remember that walking away from the possible good that could be achieved is far worse than the consequence of failure.
Please remember that it is okay to make mistakes, it is okay to fail, for these are the step stones upon which success is built.
When you need to take a risk, summon up courage and take the risk with a clear vision of the best possible outcome and how much that outcome is worth to you.
After all, healthy risks only spices up our lives and makes it more interesting, right?
With all of the above in mind, I wish to take this opportunity to wish all my blogger friends every success in 2009 and beyond, bearing in mind that this post was thought of and written in response and as a result of reading various obstacles and hurdles i.e relationship, family, financial and work problems faced by some of you wonderful peeps.
"Every Blessing!"
13 comments:
Nice post, dude and thanks for the kind wishes. I have come a long way and have fallen umpteen times! Here I am today, still struggling to stand on my feet and appreciate each day's sunrise.
To my Project Manager everything is a RISK -- low, medium, high. Like that can encapsulate everything. lol
Thanks man. Perhaps you can publish all your post into a "self-help" book. I'm loving it...
Twilight ~ Thanks, you are so kind. The topic was to raise awareness that things are not good at all. Many business people I've spoken too have begun to experience sharp drop in sales and debt collection esp these past 3 months.
Wiliam ~ He's only following by the book of economic risk assessment. :)
KeenYee ~ that would only make me a quack economic guru lolz. Thanks, good suggestion tho' as I sld recover some expenses fm all the forums and classes attended. :)
+Ant+
You've got a very 1st sale of your book here then. Can use for income tax..:)
KYee ~ so sweet of you, Thanks. You motivated me to make some additions to this blog. ^^
+Ant+
There's no running away from global recession with the exception here in Bolehland perhaps. Anyways, we should all face the obstacles in front with a positive attitude, me thinks.
*ahem* am i taking a risk by having a coffee date with moi? but i'm looking forward to it ;P
U know what worries me most about ppl losing their jobs? The increase in crime rates. Ppl can get so desperate that they'll be willing to do anything just to get through.
nice write-up...
on the CPI, well, u should know that our formula to come up with the index differ from the 1st world nations such as the states or UK....so, no point arguing abt the transparency that never existed in the first place~
on risk taking, i've been taking high risk all my life...and it's a long term investment that hv yet to see the results....time will be the essence...i hope it's worth it!! :)
Some are worth taking and others are not. As your previous entry, we all have a CHOICE. Me, I love taking RISK, living everyday is already a big risk!
haha~ a class of risk management?
Live ~ no risk at all. :P
Perky ~ Mine too. It is already bad as it is. I remembered being the caller on 94.5fm years ago when Bodowi was due to take over the PM-ship. I raised my concern as he promised that it wld be his main agenda to fight & bring down crime. I held him to his promise & acted accordingly during 08 elections.
JD ~ sld be a success if it is a calculated risk. :)
Yogini ~ Yes, it's all about the choices we make. Calculated risks are bearable i suppose. :)
+Ant+
Leumas ~ certainly not qualified to be a teacher. :P lolz
Just sharing, that's all! ^_^
+Ant+
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