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The Foolish Optimist

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Is optimism overrated? Some say yes.

Optimism is good for our mental health and overall outlook but it will do nothing to improve our situation. Optimism without action is empty.

Don’t be mistaken, optimism has several advantages, the chief among them being that it opens our minds to see and seize opportunities a pessimistic mind would overlook. However, the most important quality of optimism is that it can be the fuel to take action. Optimism is seeing the opportunities in the challenges we face, whereas action is the bridge to making the desired outcome a reality.

An optimistic individual who does not take action may find their optimism souring into a pessimistic outlook. Even worse, they will find themselves regretting the actions they didn’t take. Regret is much more painful than pessimism in that it’s disappointment fully realized.

For us to begin taking positive steps to build our business requires some measure of optimism. But where does pessimism come into play?

Psychologists have identified two types of pessimism. Depressive and defensive.

Depressive pessimism saps the will power of the individual who believes they lack the skills, resources, and talent to succeed. In its simplest form, it says ‘why even bother?’. Defensive pessimism is quite different. They worry about specific potential negative outcomes and then harness that anxiety to take action. A defensive mindset anticipates the unexpected and seeks to find ways to adapt and overcome.

Whether you are a self-described pessimist or optimist, know how to harness each to a positive end result. Seek the mindset that best serves you while remaining rooted in the reality of the challenges you face.

Is optimism overrated? Yes, when it results in no action taken. However, it remains a priceless asset in helping us take the first steps toward deliberate and continued activities to grow our business.

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Editor in Chief: HECMWorld.com
 
As a prominent commentator and Editor in Chief at HECMWorld.com, Shannon Hicks has played a pivotal role in reshaping the conversation around reverse mortgages. His unique perspectives and deep understanding of the industry have not only educated countless readers but has also contributed to introducing practical strategies utilizing housing wealth with a reverse mortgage.
 
Shannon’s journey into the world of reverse mortgages began in 2002 as an originator and his prior work in the financial services industry. Shannon has been covering reverse mortgage news stories since 2008 when he launched the podcast HECMWorld Weekly. Later, in 2010 he began producing the weekly video series The Industry Leader Update and Friday’s Food for Thought.
 
Readers wishing to submit stories or interview requests can reach our team at: info@hecmworld.com.

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