Fear-Setting

Fear-setting is a tool to help us overcome the fear of making difficult decisions.

Fear setting is an operating system for thriving in high-stress environments. It is a way to make a checklist of all the bad things that could happen, so you become less afraid of taking action.

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Self Improvement

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Organizing a Fear-Setting Template: The 3 Pages

Page 1. Make three lists with the following headings:

  • Define - what are the worst things that could happen?
  • Prevent - How do I prevent each from happening?
  • Repair - If the worst happens, how can I fix it?

Page 2. Make a list of the possible benefits if you are successful or partly successful.

Page 3. Make three lists of the costs of your inaction. If you avoid doing this, what might you miss out on? (6 months - 1 year - 3 years).

“Easy choices, hard life. Hard choices, easy life.”

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Fear-setting

It is a decision-making tool for risky situations. The main point is that visualizing the worst-case scenarios lets you manage them rationally.

There are 3 stages in fear-setting for any decision:

  • Defining fears
  • Predicting the benefits of attempting an action
  • Calculating the costs of doing nothing.

Take 3 pages

  1. Make 3 columns on one. in the first one write 10 worst case scenario of the action/decision you gonna take. In the second, write how you can prevent them. In the 3rd one, write what will you do if they happen somehow. (how will you repair)
  2. In the second page- mention benefits of atleast taking the action. What would you learn new if you take that decision (even if it fails)?
  3. In the third page- write the cons if you don't take the action. What would you lose if you don't take the decision? What will be the effects for i) 3 monts, ii) 6 months, iii) 1 year.

The chips aren’t always going to fall where you want them to, but if you understand that reality going in, you can be prepared to wring the most value out of the experience, no matter the outcome.

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