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In this episode of the Uncommon Wealth Podcast, Phillip Ramsey delves into the invaluable life lessons that come from taking risks. Phillip articulates how stepping into the unknown can serve as the greatest teacher, highlighting personal anecdotes of adventures ranging from climbing mountains to starting businesses. This episode is a deep dive into how calculated risks pave the way for extraordinary growth, both personally and professionally.

Throughout the episode, Phillip explores how the process of embracing risks leads to unparalleled growth and self-discovery. He emphasizes how stepping out of one's comfort zone not only enhances personal development but also strengthens one's faith. By recounting stories like running an ultra-marathon or engaging in unanticipated conversations, Phillip underscores the notion that facing fears head-on nurtures resilience and adaptability. This episode rings true with keywords like "risk-taking," "personal growth," and "overcoming fear," as Phillip passionately shares the importance of keeping an open mind and heart towards new challenges.

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Transcript

Introduction to The Uncommon Wealth Podcast

00:00:00
Speaker
Everyone dreams of living an uncommon life and the best asset you have to achieve your dreams is you. Welcome to the Uncommon Wealth Podcast.

Unique Lives and Wealth-Building Strategies

00:00:12
Speaker
We're going to introduce you to people who are living uncommonly. We're also going to give you some tools and strategies for building wealth and for pursuing an uncommon path that is uniquely right for you.

Host Philip Ramsey on Uncommon Perspectives

00:00:27
Speaker
Hello everybody, welcome to the Uncommon Wealth Podcast where I'm your host, Philip Ramsey. Thank you for tuning in and spending the time with me as I blabble about uncommon perspectives or whatever we're gonna talk about.

The Value of Taking Risks

00:00:40
Speaker
Okay, today i felt like I wanted to talk about something that I feel like has been more refining in me and especially as I get older and the best teacher. you ready for this? The best teacher for me is taking risks.
00:00:56
Speaker
That's it. Stepping into the uncomfortable and doing something that is way above my pay grade or so in over my skis has been the biggest reward and the best teacher in my life.
00:01:10
Speaker
Now, I can go and tell millions of stories of this, millions, but there is something psychologically that happens when you take a risk. I don't know what they all are, and I haven't done any research on this, but who cares? All I know is it's been the best teacher in my life.
00:01:28
Speaker
and As I think about like climbing a Switzerland mountain or going on a hike with my buddies on Grand Canyon or starting a business or...

Learning from Personal Risk Experiences

00:01:37
Speaker
stepping into a real estate deal that we are doing for our business or hiring somebody or getting married or just think about all the risks that you have taken in your life. And to me, that gets me excited because you are learning and you're constantly taking this whole comfortableness and being like, we can do better.
00:01:54
Speaker
We can step out of that comfort. We can do something. We can take risks. That has been my greatest teacher. And even when I, i would say probably most,
00:02:06
Speaker
Yeah, maybe. It's when I fail. Take a risk and fail. I just feel like you learn so incredibly, um so much more when you fail than when you succeed. But the repetition of it, I think, is what I've been thinking through in my head is how do we continue to push more?
00:02:23
Speaker
I guess ourselves or me out of my comfort zone and start taking risks.

Calculated Risks and Faith

00:02:28
Speaker
Now they can be calculated. They can be like kamikaze kind of stuff. But what I was kind of saying is just for me, I like to take calculated risk and say, maybe everything hasn't been ironed out, but I think the benefits are going to outweigh the risks and taking this, this, I don't know, opportunity.
00:02:47
Speaker
so Okay. So I, and I also think that God, I guess maybe speaks to me in when I, when I push myself out of the comfort zone, because I know it's not of me doing it.
00:02:58
Speaker
I feel like when I ever step out of my comfort zone, I have to rely on the Lord to be able to one, give me wisdom or two help me, ah I don't know, out of something or help things go smoothly. But I know that it's not on my own accord that I'm doing it. So it's humility.

Reflecting on Recent Risks

00:03:17
Speaker
It's humbling to me to step out of my comfort zone.
00:03:20
Speaker
But it's also then i get, I think my, my ears just kind of perk up to be like, Lord, what are you trying to teach me in this? Even if it fails miserably, let's talk to like, like teach me what I need to be taught.
00:03:32
Speaker
So as you start looking at your life and you start thinking about things and and when's the last risk you took, that was my question I wanted to ask. When's the last risk you took? What was it? And what did you learn from that risk?
00:03:45
Speaker
or challenge or opportunity, but I'm talking about things that you've totally pushed yourself in order to do, not just like something that came up and like, oh, that was an obstacle, that was a challenge, but something that you've, you had to make a conscious effort in order to step out and do something. So um but I'm challenging. I would say that that's kind of been my m MO is to continue to try to push myself into kind of I don't risky behavior is probably the appropriate words, but to try to,
00:04:16
Speaker
just being over my skis and see where the Lord takes me. Um, and, and, and push myself out into those, those times where I feel like I'm okay. I'm living. I'm in over my head. I'm uncharted territory.
00:04:29
Speaker
Lord, I need you here. i just am, you know, I don't know what to do. i just feel like I just learned the most. so if you haven't If you don't know the last time you took a risk, start planning that. Maybe it's like, hey, I want a half marathon. Okay, that's kind of a risk. It's kind of not, but it's something uncharted.
00:04:47
Speaker
Or, hey, I want to climb a mountain. Or I want to do this. Or I want to start a business. Or I want to ask for the promotion. Or I want to... I want to do a better job dating my wife and I want to start pursuing these things that are going to be uncharted territory. or I want to be more communicative with my feelings or what's really going on or whatever it is. Like we all have our own threshold of of risk and scariness, but when's the last time you really just looked at fear and and and like the eyes and say, okay, we're going to step into

Facing Challenges Head-On

00:05:17
Speaker
that.
00:05:17
Speaker
Okay, last story I'll say is, and we've talked about this before, but ah buffaloes, whenever there's a storm, they walk towards the storm. They don't walk away from the storm because they know if they walk towards the storm, they're going to get out of the storm quicker.
00:05:31
Speaker
Versus if you start walking away from the storm, you're actually in the storm longer. So what is that hard conversation that you need to have? What is that? challenge you need to put in front of you.

Story of Perseverance: Ryan Garvey's 100-Mile Run

00:05:42
Speaker
i have a good buddy, and I think a lot of you know, Ryan Garvey, he's going to try to run 100 miles, like an ultra marathon. like That makes me want to barf in my mouth. But it's his it's his deal. He knows to have to rely on the Lord, and he knows he's going to have to challenge himself and get up and start training, ah because you just can't wake up in the morning and just...
00:06:01
Speaker
step into a hundred mile race. So I don't know if that helps you or encourages you, but I hope it does because I want to be surrounding myself with people who are constantly challenging themselves, not to stay with the status quo, but be uncommon and start pushing themselves no matter what that is. um And then I also want to be around people that will communicate with that. of Hey, what's, what am I learning? How's this make me feel? Or like had this flop miserably.

Conclusion: Embracing Risk

00:06:26
Speaker
And what are you going to do to overcome that?
00:06:29
Speaker
Anyway, so Risk, I think, is the but best teacher, um at least in my life. And I hope that that's true for you as well. So thank you for listening. You've been listening to Uncommon Wealth Podcast. Until next time, go plan something risky or something that will push you out of your comfort zone.
00:06:47
Speaker
Thanks for listening. That's all for this episode brought to you by Uncommon Wealth Partners.

Invitation to UncommonWealth.com

00:06:54
Speaker
Be sure to visit UncommonWealth.com to learn more about our services.
00:06:59
Speaker
Don't miss an episode as we introduce you to inspiring people who are actively pursuing an uncommon life.