I was talking to a group of people who are in the mortgage business over the weekend. This is one of the most stressful times for this group in the past 13 years. Most of them earn their money on the commission they make from loan origination. As you can imagine, loan originations have come to a screeching halt in the past four months. This uncertainty about the future is creating a lot of anxiety—which is natural. So I thought how about we discuss how we can embrace these uncertain times and see what kind of possibilities might open up? Let’s dig in.
Let’s face it. There is comfort in certainty. We as human beings love routines. It gives us this sense of security. You see our brains have a bias against change. Change means things can get worse—it could get better but there is a possibility that it could get worse. This means there is a possibility of a painful experience. No matter how small that possibility might be, from our caveman days, we have wired our brains to avoid pain at all costs. That means regardless of the potential for upside, our brain will try to avoid uncertainty.
When we start living by avoiding all uncertainty, we tend to isolate ourselves from the world. This creates its own set of problems. Sometimes, people start on a negative feedback loop and create mental health issues for themselves. I am sure you know someone in your life who is in a job they absolutely hate. They have told you that in that many words. They have been complaining about it for years. However, they feel that a change of job is uncertain and would not pull the trigger. For them, it is the choice between the devil you know versus the unknown. If instead, they develop the courage to embrace the uncertainty, they may find there indeed are greener pastures on the other side. In these times of uncertainty, it may be time to look for what else is out there. Although, it is tough for someone in the mortgage business to manage finances arguably this is the best job market to be looking for a job in multi-generations.
There are a number of things we need to adopt in order to embrace uncertainty. First thing is to realize that there is no such thing as a certainty. We talked about this before and the only constant in life is change. Similarly, the only thing certain in life is uncertainty. The sooner we accept this, the better we will be. Once we embrace the uncertainties in life, we will be able to see opportunities that present us. I was recently talking to a retail day trader. Quite possibly, he is the most successful retail day trader in history. He has had days better than Goldman Sachs on occasion! I asked him what he thought made him successful when 98% of the people who try end up failing. He said something interesting. He said he never goes into a day expecting something from the market. He said I am here for what the market has to offer. I don’t hope for the market to go one way or another. Now here is the guy who has truly embraced uncertainty.
You see when we stop hoping for things, we are embracing uncertainty. This leads us to become excited about possibilities. When you don’t know what is coming and have embraced it, all of a sudden you have a kid’s curious mind. You are now wondering what will happen instead of hoping for a particular outcome.
Embracing uncertainty also allows us to learn more about the fear within. It allows us to learn about who we really are. But embracing uncertainty and thriving in uncertainty is not a quick thing. It happens over time. It actually is a process where we learn how to avoid judging ourselves.
When we embrace uncertainty, we are accepting the fact that we don’t have all the answers. That is such a liberating feeling. It also helps us find better ways. Now that we accepted our ignorance, it allows us to ask questions and find answers. We tend to throw a wider net when we know we don’t have the answers. This broadens our horizons.
I strongly encourage all of you to embrace uncertainty. You will be amazed by the change for the better.