This was the worst decision I made in my life.
I was 13, trying out for the hockey team to play with the kids a year older than me.
Being one of the better players in my age group, I had a shot. Usually, only a couple in the younger group would make the team. It’s tough for a 13 year to play with the older kids, but I was still on the team with only a few cuts left.
I’d never made it this far before. So you’d think I’d be excited. But I wasn’t.
I was scared, and I didn’t know why.
I always wanted to play with the older kids. But I pulled back with the opportunity becoming more of a reality.
My Dad said playing with the older kids could be good for me. He also said I could develop more and get more ice time playing with my age group - where I always played.
At the next tryout, I talked to the Coach and told him what I was thinking. He told me to go home and think about it. “Give me a call tomorrow and let me know what you want to do.”
It was tomorrow.
Time to make a decision.
I put on my shoes and went for a walk. My steps matched my pulse, and my walk turned into a jog. As I wrestled with this decision, I needed to move, to distract myself.
Jogging felt hard. My stomach was too busy eating away at the decision to process any food.
Why wasn’t I excited?
Loss Aversion:
A psychological theory that says a loss is more painful than a gain is pleasant. It feels worse to lose $100 than it feels good to win $100.
Once you invest part of yourself, you’re trapped.
You stay in a shit job instead of pursuing your dream because of losing the paycheck.
Stay in a bad relationship because of the time you’ve put in.
The stock you can’t sell because you are pot committed.
The $20 you put back in the pot to win the $20 you lost.
Many of the decisions we make come from the fear of loss. Sometimes it is warranted. Other times we are making fear-based decisions disguised as rationality.
That’s what I was doing.
I decided to quit during tryouts. I don’t know if I would have made the team.
People assumed it was because I wanted to play with my friends or was scared.
The real reason was that I didn’t want to risk not being the guy. Up to that point, I played in all the crucial moments in the game. I liked being one of the best players on the team. If I played with the older kids, I’d start as one of the worst.
I didn’t want to lose being the guy even for a year, despite it being better for me long term. So I sacrificed something I wanted out of fear of losing something I had.
Here is the funny thing, I ended up having a terrible year. I didn’t perform very well. I always wondered what if. What if I kept trying to make the team?
After the season, I promised myself I would never make a decision like that again. I’d never let the fear of a loss be the determining factor.
It was one of the most important promises I’ve ever made to myself.
So if you are wrestling with a decision, like leaving a big paycheck for a passion project or a big move, it might be worth taking the risk. Most decisions are more reversible than you think.
Above all, make sure you don’t let the fear of a loss leave you wondering what if …
Good reminder...thank you!
Really good lesson, thanks, Spencer!