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The Greater The Risk, The Greater The Return

24m 21s

The Greater The Risk, The Greater The Return

The Boss Moose Podcast episode, hosted by Myrngold, explores principles for business and personal growth through risk management and biblical wisdom. It argues that instead of avoiding risk, individuals should assess and manage it by comparing potential rewards with the consequences of failure. Referencing Ecclesiastes, the host warns that a life focused solely on material pursuits ("under the sun") leads to emptiness and self-torture. Key advice includes sacrificing present comforts for future benefits, such as investing time, ethical behavior, and positive actions as "seeds" for a prosperous harvest. The discussion highlights the importance of focus over balance during challenging times, asserting that intense effort is necessary to overcome obstacles like financial hardship. Additionally, it encourages generosity, resilience in uncertainty, and preparing children for adulthood through responsibility and work rather than excessive leisure. The episode blends practical business strategies with spiritual insights to advocate for a purposeful, forward-thinking approach to life and success.

Transcription

4312 Words, 22215 Characters

English
Welcome to the Boss Moose Podcast. I'm Myrngold. On this podcast you're going to learn business optimization success secrets from a million dollar round table and learn how to scale your business from wherever it is exponentially in just four moves. Enjoy the podcast. Warning. No risk. No reward. Big risk. Big reward. Little risk. Little reward. But even though the bigger the risk the bigger the reward. Some risks just aren't worth taking. So unfortunately most people what they do is they go through life and they seek to avoid risk. Can I can I challenge you is it okay if I challenge you if that's okay say that's okay. Okay so is it okay if I challenge you to instead of seeking to avoid risk seek to manage the risk in your life. What does manage the risk mean it means way the consequences of failure. According to this risk but also way the benefit of success. If the benefits of success are greater than the consequences of failure then oftentimes the risk is worth it. Now I'm going to say something that's going to that's going to be sound so counterintuitive. And that is the less a person has to lose the greater the risk they should be willing to take in order to gain. The more a person has to lose the less the risk they should be willing to take. In order to succeed. Okay so the greater the risk the more protection you should put around what you have the less you have to lose the more you should be all in on a risk that has a great reward so that's that's the premise before I start reading so here's what it says. Ecclesiastes by the way was written by King Solomon at the end of his life after he came back to his senses and he came back to the truth of God's principles that's an Ecclesiastes he's warning us that if you the whole theme of the book of Ecclesiastes is if you live your life for life under the sun you've wasted your life and tortured yourself so if you want to understand what it means when it keeps saying all is vanity and vexation of spirit this also is vanity and vexation of spirit is also as vanity is the most important thing to do. This also is vanity is vexation of this also is vanity means you've wasted your life this is a waste vexation of spirit means you tortured yourself right and so the whole theme of the book of Ecclesiastes is if you live your life only for this life then you wasted your life and tortured yourself but that's a picture that's a picture of the concept of time and eternity before I even get into that see I told you my brain was racing this morning so it's like it's going to be it's going to be going down a lot of we might get some end up with some rabbit pelts or laying around. so we're laying around the room. So, so so so the great. So the greater the risk at the beginning of his life, he was completely yielded. In fact, he was so yielded that he offered 1,000 burn offerings into the Lord. And a burn offering is a picture of total sacrifice. What sacrifice? Sacrifices letting go of something of a lower nature, so you can take a hold of something of a higher nature because you can't hold both, right? And so Solomon was willing to do that at the beginning of his life, at the beginning of what we would call his career, right? He was willing to do that. In the middle of his life or in the middle of his career, he became so successful that he began to believe his own press. And he began to believe that he was who he was because of himself instead of realizing that he was who he was in spite of himself. When he got started, he realized that if he had any hope at all, it would be in spite of himself. And after he became successful and received the blessings of following the principles he followed, he thought it was because of himself. And then he began to disregard the word of God. And if you go read the book of Deuteronomy chapter 17, it tells the responsibility of the king was to study the word of God and to write it out, to read it and to write it. Which by the way, that's called a clue. Two of the things that you can do that will increase your cognitive ability, your ability to think, are reading and writing. Three things, reading, writing and communicating. Read more, write more, speak more. Read more, write more, speak more, right? Those things will enhance your cognitive ability because what will happen is you'll write something down that you think was clear. You'll go back and read it three days later and you're like, wow, that was a word salad, right? And then you'll go fix it and then it'll get better. And so King Solomon is writing this at the end of his life. And so the whole theme of Ecclesiastes is this, if you live your life for life under the sun, you've wasted your life and you've tortured yourself. And then he says, let us hear the conclusion of the whole matter. Last few verses of the book of Ecclesiastes. Let us hear the conclusion of the whole matter. Fear God, keep us commandments for this is the whole duty of man. For God will bring every work and judgment and every secret thing. So I'm supposed to live my life like it matters. So in the light of time and eternity, so when I sacrifice the present on the altar of the future, that's what I do when I'm taking a risk right now for a future gain. I'm sacrificing current pleasure on the altar of future benefit. I'm sacrificing now on the altar of the future. When I sacrifice my future on the altar of now, I waste my life. When I'm getting blasted, getting drunk and getting high and having sex with anybody who will lay down with me, when I'm living my life like that, what I'm doing is I'm sacrificing my future on the altar of my present. And there's no way that ends well. Are y'all tracking? Okay, so let's read. Here's what it says. Ecclesiastes 111, cast thy bread upon the waters for thou shalt find it after many days. Sometimes it makes sense to invest in things that we don't have control over. When I understand that every bot is a seed, every word is a seed, every deed is a seed that I'm sowing into the garden of my future. So if someone were to ask you, what kind of harvest would you like to reap in your life? Would you like to reap a good abundant harvest or a terrible, detracting harvest? Which one? Which one would you rather? The first one or the last one? First one. So then if I'm going to reap a future abundant harvest, I have to make sure I'm sowing present abundant good seeds. I have to make sure that I'm the seeds that I'm sowing as thoughts in the garden of my mind are good seeds. That's why it's so important to read. I have to make sure that the seeds that I'm sowing as words that I'm speaking to the people that I'm communicating with are good seeds. So I don't cuss. I don't like-- I don't curse. I don't swear. I don't cuss people out. My son is 33, I think, and my daughter's 32. They've never heard me use profanity in their lives. And I know they haven't, because I haven't heard me use it in their lives. Now, before they were born when I was a teenager, before I came to Christ, ooh. So a whole lot of bad seeds came out, right? But not anymore. Why? Because how I talk should change, how I behave should change, how I think should change, how I respond should change. In fact, I should change from reacting to responding. And there's a difference. So cast your bread upon the waters that we return after many days. There are investments that I make that produce-- in fact, I better check this trade right now-- there are investments that I make that produce a harvest based on the seed that I've sown. And you too, whether you think you're investing or not, you are. You're either investing in a future that's going to be bright or you're investing in a future that's going to be dark, even in action is an investment in your future. Like not doing anything is an investment. It's an investment of nothing, which means you get to reap what since everything we produce after some time. You get to reap nothing. Cast your bread upon the waters, and it will return after many days. So a couple things we see about this. Sometimes we have to let go in order to grow. That's one thing-- that's one of the principles we see in this first. We cast upon the waters. I don't have control over the waters. And I only have control over the bread before I cast it. It didn't say it might return after many days. It will return after many days. Now, I love the fact that it said it will return after many days. It doesn't return tomorrow, which is showing us we have to abandon our affinity for immediate gratification. Sometimes the best thing to do is to say no to the thing we desire to do. OK. Then it says, give a portion of seven, and also to eight, for thou knowest not what evil shall be upon the earth. What's that talking about? I believe that what that's showing us, it's showing us-- in the words of art Williams. He used to say, you got to pretend everybody's got a flashing sign on their chest. It says, say something good to me. Make me feel special. I want to be somebody. Or this pastor of this church I used to go to in Indiana, he used to say at the end of his broadcast every morning, he'd say, and remember, be good to everybody because everybody's having a tough time. Or as I read in a book, and I don't remember what book or I would tell you what book it was, but I don't remember, you got to be very, very good to people on your way up, because you're going to meet those same people on your way down. So when it says, give a portion to seven and also to eight, for thou knowest not what evil shall be upon the earth, it's saying, I get it, you got it going on right now. But don't make the mistake of thinking that tomorrow's going to look just like today. So you'd be good to people on your way up, and they will be good to you on the way down. And it reminds me, it reminds me of a particular experience that I had in my life when I was going through some pretty major tragedy. And back in 2000-- I mean, I built a business was really successful, made millions of dollars, and then proceeded to make some unmanage risk decisions that caused us to basically flush it all down the toilet. It's all gone. All the millions are gone. A million dollar house is gone. And we paid a million and sold it for 600,000. The Mercedes S550, they didn't have to repo it, because I me-poed it. You know what me-po is doing to you? That's what I was saying. I have to come get it. I'm going to bring it back to you. Right? I'm me-poed it. OK. Took the car back. And basically went broke. And I lived on borrowed money for two years. I had a friend. I have a friend. I have a friend who loaned me $4,000 a month for two years to live. A lot of us figuring out how to bounce back. Why would somebody do that? Because when he was on his tough times, my family was a blessing to his family. But he had been a blessing to me before that, and just keeps going around and coming around. And he said to me one day, he said, you know, he said, I'm glad that when I was down, the Lord let you be up. And when you were down, the Lord let me be up. He said, one of these days we're both going to be up at the say your time. [LAUGHTER] Right? OK. I'm going to keep reading. OK. It says, if the clouds be full of rain, they empty themselves upon the earth. And if a tree falls toward the south, or toward the north, the place where the tree falls at, there it shall be. You know what that means? You are not going to discover the reason for everything. Some things just are. See, and what happens is, like, you're going through a difficult time. You say, oh, I got to find a place that I messed up. Well, sometimes you got to find a place you messed up, because sometimes you just messed up. Right? But that's not always the case. I got a call from a friend of mine recently. One of my clients, one of my past clients, he's like, I want to mention his name because I don't have permission to do that, but he's like, you know, our business was doing really, really well. This is a guy who basically watched our Bible study for a couple of years and made his entire team listen to our Bible study. And they grew their business to, like, $2 million a week in revenue. Now, obviously, they had expenses with that. But $2 million a week for a medical business is a lot of money. I don't know. It wasn't $2 million a week. I'm sorry. It was $2 million a month. $2 million a month. That's $24 million a year. That's significant. But his dad was the physician. He had his brother with the marketers. And his dad was killed in a car accident. He's like, "Mirin, I hate to bother you, but I don't know who else to call. Do you have anything that any ideas that can help us?" Right? Because, like, like, like, like, our business is hemorrhaging money. We got about two months worth of cash left. And people, a bunch of people who bought programs from us want refunds because my dad was the face of the business, and he's gone. And I said, "Well, you know what? I've got a friend. He's a doctor. He's the smartest doctor I know." And he's also one of the most brilliant marketers I know. And he may be interested in partnering with you. He may not outtext him and see if he is. I texted him. The doctor's like, "Oh, wow. It's just so happens. We're going through X, Y, and Z right now. And we were looking for something that was going to replace because this other business partner took advantage of us and took all this money and blah, blah, blah. So I connected him. And now they're working together. And it's probably going to be bigger than either one of them could have ever done by themselves. But you know, a lot of times you might say, "Well, why does his dad die in an accident?" Sometimes things just are what they are, right? Sometimes you are not the cause of every effect in your life. I mean, really, you really thought you were all that? No, you're not the cause of every-- where are the treefall of there at Shelby? I love that. OK. And then it says, "He that would observe at the wind shall not sow, and he that regarded the clouds shall not reap." In other words, if you are waiting for a perfect time to change your life, to do the thing that's going to make your life better in the future, you're never going to do it because there are no perfect times. Let me all track him. There are no perfect times. As thou knowest not the way of the spirit, nor the bones, nor how the bones do grow in the womb of her that is with child, even so thou knowest not the works of God who make it all. We can sometimes know what God is doing. Why? Because he gave us a bunch of conditional promises, and a bunch of conditional principles. We can't know all that God is doing. I'm going to talk more about that a little bit later on. So then it says, because of all these things I just named, like, "Cast your bread upon the waters, sacrifice now on the altar of the future, because you need to be good to people in the way up and on the way down, and because sometimes things are just what they are, and because you shouldn't wait for perfect circumstances, and because you don't know how God works in the morning, sow your seed, and in the evening withhold not by hand for thou knowest not whether shall prosper either this or that, or whether they both shall be alike good." In the morning, sow thy seed, and in the evening withhold not by hand, like we could just go right there and just park, because here's what's going to happen. If you're an entrepreneur, get ready to be misunderstood. Get ready for the people who see you to judge your motives as less than because your priorities are not their priorities. But here's the scripture says in the morning, sow thy seed, in the evening withdraw, all you do is work. You're so obsessed, right? How many of you all have heard that, right? You're so out of balance, out of balance. I know some people are not, I know some people are not like what I'm about to say, but if you're broke, you do not deserve balance. What does that mean? If you're broke, you don't deserve balance, by the way. If you're out of shape, you don't deserve balance. What? You don't deserve it. What do I mean? Balance is not the objective of life. It is a season in life. And it's never winter and summer in the same place at the same time. It's either when it's winter and a summer. How's that for a philosophy? And I got another one for you, when it's summer and a winter. But watch this. Balance is a season, what's the opposite season of balance? Focus. Focus is a season and balance is a season. And when you're in focus, you're out of balance. And when you're in balance, you're out of focus. Are y'all tracking? I mean, the very idea of focus. You take your camera and you focus it on an object. It makes everything it's not focused on out of focus. It makes it blurry. Why? Because focus distorts balance. It eliminates balance and balance eliminates focus. And so here's why I said, if you're broke or you're out of shape, you don't deserve focus. I mean, you don't deserve balance because you should be focused on fixing that. And you should be focused on fixing it until it gets fixed and once it gets fixed, then you've earned some balance. Focus is the price that we pay to reap the reward of balance. And if I am unwilling to pay the price of focus, I do not deserve the reward of balance. Focus is intense. You can thought, focus is intense. Focus is intentional. Focus looks like obsession to people who are out of focus. You broke and watching the game with your kids. If I was one of your kids, I'd be wondering why you wouldn't work and to make us not broke. Why are we watching somebody else when we lose them? But Brian, don't you want to see the game? I don't want to see the game. I want to be the game. Don't you want to see them win? I don't want to see them win. I want to be them win. But my team's playing. The only team I care about winning is the ones that got golden on the back of their jersey. And once we win, then I can go help some other folk win. But if we don't win, I don't care who wins. I don't care if the Cowboys win. I don't care if the Bulls win. I don't care if the Tampa Bay Book of Nears is delighting. We've all seen it. Grown men fighting other grown men over a team. None of the players who know either of their names. That's insane. I don't have any opinions if I did. I never voiced them publicly. Do you understand it is our focus? It's the sowing the seed in the morning. But my, but my, my, my, my, my kids. I'm going to tell you something that will do your children much, much greater good than you playing with them. Let them work with you. I'm so glad my parents played with us some. But they took us to work with them a whole lot more. Why? Because they knew we would enter into the world that they are in and they would never enter back into the world that we were in. And the job of a parent is to prepare a child to become a responsible adult. Responsible compound word. Respond able to respond with ability. And the reason we have so many, the reason we have, the reason we have grown people in their 20s and their 30s and their 40s even. I've seen them online throwing tantrums when they don't get their way. And they start screaming because they're afraid to hear the reason we have that. The reason we have that is because they don't know how to respond. So the only thing they have left is to react. And they react like an infant with infantile behavior. It's ridiculous. Here's the reality. Here's the question we all have to answer for ourselves. It's my future worth sacrificing now for. It's my family worth sacrificing now. It's my child going to be better off. When I can give them a good head started in life, then they would be if I played this baseball game with them today. If I threw this ball, I'm not saying don't play with your children. Play with them. But don't sacrifice the work that needs to be done on the altar of watching your children play or playing with them. In the morning, so thy seed. And in the evening with hold not with draw not with hold not my hand. For you know, not what show bring what the day will bring forth. What I'm going to read it again because I forgot. I got to I got to like cited and forgot. In in the morning, so thy seed in the evening with hold not on hand for that notice. Not whether that shall prosper. Either this or that or whether they both show be a light good. By the way, I'm going to end with this. The most dangerous number in business is one. What does that mean? You only have one client. You only have one offer. You only make one sale a month. You only have one lead. The most dangerous number in the world is one. In the morning, so thy seed and the evening with hold not that hand. For thou knowest not whether shall prosper. Either this or that. See, you got to have a this or that. Get great. Here you go. Go to work at your job all day. If you come home, don't plop down on the couch start watching TV if you're broke. If your boss ain't going to pay you enough money to take care of your family, then come home and build a business at night that will make you a fortune. And go to work in the day time to make a living, to stay alive, to exist. And then come home and build a fortune that will take care of your family for generations. Because you know not which one shall prosper. I am so thankful that these principles are in the word of God so that we can apply them to our lives because the greater the risk, the greater the reward. I'm going to have to call this part one because I had a whole bunch of other stuff I wanted to go into. But we'll do it on a different video. All right. Peace out my people. Stay blessed by the best. My ring golden here. I want to thank you for taking time to listen to the Boss Moose podcast. Congratulations in advance for the success you are about to have. If you'd like to know more about books, resources, opportunities, or make more offers, links for all of those are in the description. I hope that sometime in the very near future, that I get to meet you face to face, nose to nose, toes to toes. So I can say thank you and congratulations. I look forward to meeting you real soon.

Podcast Summary

Key Points:

  1. The podcast emphasizes managing risk rather than avoiding it, weighing potential benefits against consequences of failure.
  2. It draws on Ecclesiastes to argue that living only for earthly pursuits ("under the sun") wastes life and causes self-torture.
  3. Success requires sacrificing present comfort for future gain, such as investing effort, words, and actions as "seeds" for a better harvest.
  4. Focus and balance are seasonal
  5. Building a legacy involves ethical behavior, generosity, and preparing the next generation through work and responsibility rather than mere play.

Summary:

The Boss Moose Podcast episode, hosted by Myrngold, explores principles for business and personal growth through risk management and biblical wisdom. It argues that instead of avoiding risk, individuals should assess and manage it by comparing potential rewards with the consequences of failure. Referencing Ecclesiastes, the host warns that a life focused solely on material pursuits ("under the sun") leads to emptiness and self-torture.

Key advice includes sacrificing present comforts for future benefits, such as investing time, ethical behavior, and positive actions as "seeds" for a prosperous harvest. The discussion highlights the importance of focus over balance during challenging times, asserting that intense effort is necessary to overcome obstacles like financial hardship. Additionally, it encourages generosity, resilience in uncertainty, and preparing children for adulthood through responsibility and work rather than excessive leisure.

The episode blends practical business strategies with spiritual insights to advocate for a purposeful, forward-thinking approach to life and success.

FAQs

The podcast teaches business optimization and scaling strategies through four key moves, sharing success secrets from a million-dollar round table.

Instead of avoiding risk, manage it by weighing the consequences of failure against the benefits of success. If benefits outweigh consequences, the risk is often worth taking.

It means investing in things you can't control, like sowing good seeds through thoughts, words, and deeds, which will yield a future harvest after time.

Focus is a season that requires intensity and may seem like obsession, but it's necessary to achieve goals like financial stability before earning balance.

Solomon started with humility and sacrifice, but after success, he became prideful and disregarded principles, warning that living only for earthly gains wastes life and causes suffering.

Reacting is impulsive and infantile, while responding is thoughtful and responsible, key to personal growth and effective communication.

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