Why You Should Define Your Goals

Fears

Tim Ferriss swears by an exercise called Fear Setting, where you visualize worst-case scenarios and take action to overcome the fear.

1. WORST CASE SCENARIO

On a piece of paper, write down the decision that is inducing fear. Then, create three columns.

1. WORST CASE SCENARIO

In the left column, write down 20 things that could go wrong if you make the decision.

DEFINE

1. WORST CASE SCENARIO

In the middle, write down ways to prevent each outcome on the left from happening.

DEFINE

PREVENT

1. WORST CASE SCENARIO

In the right column, describe how you would repair the damage if each outcome were to happen.

DEFINE

PREVENT

REPAIR

2. THE BENEFITS OF AN ATTEMPT

On a separate page, write out all of the possible benefits of going through with this big decision.

3. THE COST OF INACTION

Lastly, the most important step. On a new page, write down the answers to the following question:

If I don't make this decision, what will my life look like in...

6 months?

1 year?

3 years?

3. THE COST OF INACTION

Then ask...

What would happen...

Emotionally?

Financially?

Physically?

After considering the pros & cons, you're ready to take action.