The document discusses a simple exercise called the Magic Minimization Formula to help overcome fears and take action towards dreams. The formula has 3 steps: [1] Analyze the fear and consider the worst possible outcome, [2] Accept that the worst may happen, and [3] Figure out how to minimize the consequences of the worst case scenario by taking action in the present. An example is provided of a writer afraid they won't make enough money - they analyze this fear, accept the potential worst case, and identify steps to minimize the risk like building savings and starting to write part-time. The formula is presented as a way to rationalize fears and take action on dreams.
The document discusses a simple exercise called the Magic Minimization Formula to help overcome fears and take action towards dreams. The formula has 3 steps: [1] Analyze the fear and consider the worst possible outcome, [2] Accept that the worst may happen, and [3] Figure out how to minimize the consequences of the worst case scenario by taking action in the present. An example is provided of a writer afraid they won't make enough money - they analyze this fear, accept the potential worst case, and identify steps to minimize the risk like building savings and starting to write part-time. The formula is presented as a way to rationalize fears and take action on dreams.
The document discusses a simple exercise called the Magic Minimization Formula to help overcome fears and take action towards dreams. The formula has 3 steps: [1] Analyze the fear and consider the worst possible outcome, [2] Accept that the worst may happen, and [3] Figure out how to minimize the consequences of the worst case scenario by taking action in the present. An example is provided of a writer afraid they won't make enough money - they analyze this fear, accept the potential worst case, and identify steps to minimize the risk like building savings and starting to write part-time. The formula is presented as a way to rationalize fears and take action on dreams.
will. And yet, we let fear stop us from taking action.
The 3 most common fears are:
1. The fear of failure 2. The fear of success 3. The fear of judgment Samanee Mahbub
The reality is, we might never stop being
afraid. These fears are ingrained.
Instead, it’s about using our logical
reasoning to take action towards our big dream despite our fears.
Let’s go through a simple exercise to
help you rationalize away your fears. Samanee Mahbub
This exercise is called The Magic
Minimization Formula, popularized by Dale Carnegie.
It has 3 steps: 1. Analyze the problem 2. Accept the worst possible outcome 3. Minimize the problem Samanee Mahbub
1. Analyze the problem
Look at the fear or problem you have
with some detachment.
Write down what worries you, whether
it’s personal or professional. Write everything that comes to mind.
As you write down each fear, answer:
“What is the worst that could possible happen?” Samanee Mahbub
An example of this could be:
I am scared that if I pursue my passion
of writing, I won’t make enough money, I can’t support myself, I’ll have to give up my apartment, and move in with my parents and disappoint them. Samanee Mahbub
2. Accept the worst possible outcome
Look at the worst possible outcomes
and accept that the worst may happen.
By accepting, we can relax and bring
energy away from the fear and towards problem solving.
We activate our ability to focus better on
the issue at hand. Samanee Mahbub
An example of acceptance could be:
I am scared that I won’t make enough
money and move in with my parents. If that happens, I can find remote jobs through Linkedin or my alum network. I can pick up freelance work. I also get increased bonding time with my parents (for better or for worse). I can support myself with lower expenses and pursue my passion for writing. Samanee Mahbub
3. Minimize the problem
Finally, figure out how we can improve the
worst case outcome through actions we can take today.
This is about consequence minimization.
You want to reduce the what-ifs, the fears,
the worst case situations. Samanee Mahbub
An example of minimizing the problem
could be:
If I pursue writing, I might not make
enough money and lose my apartment. But I still have a job now. I can start setting aside some cash for an emergency fund. I can also write for an hour a day and start to build an audience, I don’t need to quit tomorrow. Samanee Mahbub
In summary, we fear failure, success, and
judgment. But use the Magic Minimization Formula by:
1. Analyzing the problem
2. Accept the worst possible outcome 3. Minimize the problem
This is a practical strategy to reduce any
fears you may have and take action on your big dreams. Samanee Mahbub
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