Fear-Setting by Tim Ferriss
Define your fears instead of your goals to overcome inaction.
AC
Al Chen
We suffer more often in imagination than in reality. — Seneca the Younger

You already set goals—from your career achievements to your athletic progress, you have milestones to hit and you relentlessly pursue them. But while goal-setting is widely popular, one of the most important and overlooked exercises is that of
"fear-setting."
It is an exercise Tim developed that originally appeared in his bestselling book
. He later covered it in
(below), which has over 6 million views combined:



Fear-setting has produced my biggest business and personal successes, as well as repeatedly helped me to avoid catastrophic mistakes.

For instance, it led Tim to take a 15-month break to travel around the world, which then led to the creation of
.

In a nutshell, fear-setting is an exercise that allows you to define and face your worst fears, outline next steps for preventing or overcoming them, and face the consequences of
not
taking action. You'll likely see that things aren't as bad as they seemed. With fear-setting, you must consider the costs of your inaction—the costs of
not
making those important decisions—and create a plan to tackle those decisions head on. You'll likely discover that things aren't as bad as they seem.

This Coda template includes step-by-step instructions to help you navigate your own challenges and fears.

on how to use this template.
1
Step 1:
What if I...? Imagine the worst-case scenarios after identifying your big decision.
2
Step 2:
Strategize ways to prevent the worst-case scenarios from happening.
3
Step 3:
Are there ways you could repair the damage caused by the worst-case scenarios?
4
Step 4:
Take a conservative look at the upside of making your decision.
5
Step 5:
Define the costs of keeping still and not changing.
6
Step 6:
View a summary of your worst-case scenarios and benefits and quantify the impact.
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