A lot of people wait for the right set of cards to go all in. In life and in business.
Only to end up never having played a single hand. Only to end up having wasted a few good set of cards to go all in. To end up somewhere in the anonymous masses.
Or people go all in when they have the worst possible set of cards ever. Which sets them up for failure. Which sets you up for failure. Right from the very start.
Whenever someone asks me when I will stop doing all of this stuff, I tell them this:
“Until I'm broke.”
Alright, I don't tell this to my mom. So please don't tell her I said this.
And with going all in I don't mean that you should quit your job with zero cash at the bank. Or quit your job without having a side project that generates enough money every month.
You should have either 2-3 years of cash in the bank or a side hustle that generates almost as much cash as your current job.
I know this takes time. A lot of time. But it always takes time until you get that hand to go all in. It takes patience. A lot of patience.
But going all in when you have none of the above would be just plain stupid. That would be like going all in when you have a pair of twos or something like that. And you've never even played a single game of poker before. When you're obviously bluffing.
This never works out. You should never do this. Especially not when there's something a lot bigger than you at stake. Unless you're a poker world champion. Then it might work out. Then you might be able to pull off the biggest bluff ever.
Unfortunately, most of us are not world champions. Most of us don't even know what the heck we're doing. I don't know what the heck I'm doing either.
At the end of the day it's all about creating an environment where you can go all in. And once you created that environment you should go all chips all in.
But how do you know if your hand is good enough? How do you know if you'll be able to push through the tough times. How do you know if this is your time to go all in?
Well, I guess you need to ask yourself the following question:
“Would I be comfortable going broke doing this?”.
If you say “No” then you know you should skip it and not go all in. Work and wait for a better set of cards instead. Work on improving the environment.
But if you say “Yes” then you know that you should take all of your chips and go all in. And never look back.
Watch the video on YouTube here: http://bit.ly/1iW1o3Z
[Related: I stopped giving a shit a long time ago]