Learn to Take the "Right Risk"

An Interview with Former High Diver Bill Treasurer, Author of Right Risk: 10 Powerful Principles for Taking Giant Leaps with Your Life

By Shari Lifland

Talk about learning from the master! Bill Treasurer is uniquely qualified to talk about risk. For seven years, he literally took giant leaps with his life as a member of the U.S. High Diving Team, where he performed more than 1,500 high dives into waters 100 feet below—the equivalent of a 10-story building! And as "Captain Inferno," he often dove while engulfed in flames (as pictured on the cover of his book).

Now working in the somewhat less risky field of corporate consulting as founder of Giant Leap Consulting, Treasurer has written a deeply personal, passionate book that will help people muster up the courage to take more risks, and, more important, to learn how to figure out which risks are the "Right Risks."

Treasurer defines "Right Risks" as "those that, regardless of outcomes, are always deemed successful because they are taken with a clean conscience and clear calling." Right Risks are always based on what is right for the individual and are, says Treasurer, "as unique to the risk-taker as a fingerprint."

Treasurer’s Four Hallmarks of "Right Risk":

  1. Passion—it arouses your spirit
  2. Purpose—it will help you progress to a higher order or goal
  3. Principle—it is anchored to your deeply rooted values
  4. Prerogative—it stems from your own free will

Shari Lifland interviewed Bill Treasurer to learn more about the notion of "Right Risk."

AMA: Webster’s defines risk as "the chance of injury, damage or loss." How do you define risk?

Bill Treasurer: It depends on whether we're talking about a Right Risk or a Wrong Risk. I define a Right Risk as the "application of courage" or "courage in action." Conversely, I define a Wrong Risk as the "application of foolishness" or "foolishness in action."

Incidentally, the word "risk" comes from an old Latin word, "riscare." And it doesn't mean harm or danger. It means, "to dare." So there’s always been an element of daring when it comes to risk.

AMA: What’s the greatest risk you’ve ever taken? How did you find the courage to take that risk and did it pay off? Was it a "Right Risk?"

BT: That’s a really tough question. I may be in the midst of my biggest Right Risk right now. For me the turning point was 9/11. As a New Yorker by birth, it had a big impact on me. One of the friends that I lost that day had been a lifeguard with me in our hometown of Larchmont, New York. He worked at Cantor-Fitzgerald.

I made a vow to myself that day that the best way I could honor those Americans we lost that day was to stop betraying myself. The first half of my life was about a long, slow sellout. The second half is about following what I believe to be my calling and living in a way that demonstrates personal fidelity. I realized that the best way I can serve others is to be my most authentic me.

I think that giant leaps with your life start with giant decisions in your heart. So it just may be that the Rightest Risk I’ve ever taken is the risk of being myself…with no apologies. It took me 41 years to muster up the courage to take this risk.

AMA: In "Right Risk," you state that in today’s uncertain world, "those who play it safe may be in the greatest danger." How so?

BT: Every risk can be split in two—the risk of action and the risk of inaction. Too often we assume that inaction is the safer path. And in the short run, it may be. But inaction is like a slow-acting gas that, at some point, can render us unconscious. A lot of people stay in jobs that are no longer challenging just because "it puts food on the table." To me, that’s a slow, suffocating death.

Everyone has heard Thoreau’s famous quote, "Most men lead lives of quiet desperation." But the second part of the quote, in my opinion, is more poignant. He continues, "…and go to the grave with the song still in them." To me, playing it safe is shoveling dirt on your own inner song.

If 9/11 taught us anything, it’s that we're not safe. But knowing that frees you to live in a more assertive way. Life is too short to live in a compromised way. There is nothing worse than self-betrayal. And when we delude ourselves into believing that we can go through life "playing it safe," we are being, well, delusional.

AMA: You dedicate "Right Risk" to your first diving coach, Ford Winter, "For helping me take flight." What did you learn from Mr. Winter? How did he encourage you to "take flight?"

BT: You are the first person to ask this question, and I am so glad that you did.

Ford influenced me in several ways. First, he did exactly what a coach is supposed to do. He saw, and believed in, my potential long before I did. When I first met Ford, he had already produced a long line of successful divers, so I knew that if he was interested in me, I must truly have had potential.

He taught discipline to an undisciplined kid. Then, with patience and persistence, he held me accountable for my own excellence. Ford gave me permission to be myself instead of who everyone else wanted me to be. I still benefit from those lessons today.

Finally, Ford taught me by how he carried himself. He was, and is, a person who lives a life of authenticity. He was a submarine crewman in the Navy, a talented diver at the University of Miami and a well-loved P.E. teacher in New York. I spoke with him just the other day. He’s in his sixties now. He owns a tugboat, restores classic cars and sings cabaret songs in New York City nightclubs!

AMA: In your career as a high diver, you executed over 1500 dives. And yet, you maintain that you were (and to some extent, remain) afraid of heights! How is this possible?

BT: Yes, it is true, I am a high diver who is afraid of heights. Most people judge their risks according to their fears. When we are confronted with a risk, it presents us with an opportunity to walk through our fears, lessening the fear’s power over us. But it doesn't mean that you will eradicate the fear altogether.

While I am still afraid of heights, that fear no longer debilitates me. So now I am capable of going to the top of high places and enjoying the beautiful view.

AMA: You’ve written, "Boredom has always been the prime instigator of risk-taking." The flip side of that notion is that "the devil finds work for idle hands." Doesn't boredom often lead to big trouble?

BT: Absolutely! Most Wrong Risks--drug abuse, stealing cars, gratuitous daredevilry--are the result of boredom. The philosopher Schopenhauer said that boredom is worse than suffering to the human condition. Humans just hate to be bored! And we'll go to great lengths to avoid it.

But even some Right Risks are taken because we know that sometimes you just gotta shake up your life. A friend of mine, who also is afraid of heights, did her first parachute jump on her 50th birthday! She wanted to kick-start the second half of her life in a symbolic way. Now she’s a successful professional speaker, which she never would have dreamed of being were it not for her symbolic giant leap.

AMA: Do we really need to take risks? What’s wrong with staying within the comfort zone?

BT: Yes, we do need to take risks. The term "comfort zone" is really just a gussied up euphemism for fear. But here’s the thing. You already are taking risks! It just doesn't seem like it because it is that area of your life where you’ve got the most confidence. It is the thing that comes easy to you, your "second nature." So my suggestion is, rather than hiding behind the excuse of your "comfort zone," learn to borrow from your Risk Confident Domain (RCD). Here are some suggestions:

  • Get a coach
  • Break the risk down into smaller, more manageable steps
  • Visualize a positive outcome
  • Practice, practice, practice
  • Recite positive affirmations
  • Talk to experts who’ve taken the risk you are challenged with

AMA: Are there some people who are genetically predisposed to find risk attractive? (And others who naturally avoid taking risks?)

BT: Yes, but genetics only explains about 10% of risk-taking behavior. Apparently some risk-takers have a slightly longer form of a specific dopamine receptor gene. Dopamine is a powerful opiate-like substance that the body produces when hyper-stimulated. So some people literally "get off" on risk. But again, it is a very small portion of folks.

Other research suggests that the resting autonomic systems of risk-takers are lower. They have lower resting heart rates and lower blood pressure (this is actually true in my case). Researchers believe these people may end up seeking out risky situations so they can turn up the volume of their lives. Conversely, people who notoriously avoid risk often have a higher resting autonomic system. They avoid risk, because they're afraid they'll overload. I had a boss, for example, who was constantly catastrophizing about "what could go wrong." To me, that’s joyless.

Keep in mind, however, that I do not subscribe to the notion of a universal risk-taker. The truth is, we all take and avoid risk. Some play it fast and loose with their finances, but wouldn't dare travel overseas alone. Others may voice a bold opinion, but are afraid to get on an escalator. I have a good friend who is a federal agent—a rough and tumble guy who carries a gun on his ankle. But he has difficulty telling his wife he loves her. All of us are high divers and low divers.

AMA: What do you hope your readers will take away from Right Risk?

BT: There are a lot of voices out there promoting "risk management," where the primary obsession is how to control, minimize and mitigate risk. So far as I know, Right Risk is the only book that deals specifically with how to take a risk. I want to suggest a new field: Risk Leadership. Risk Leadership comes with a new presupposition—that people and organizations grow to the extent that they risk deftly.

Finally, I want people to stop selling out and stop betraying themselves. To live a meaningful, fulfilled and relevant life, you have to take the risk of committing yourself to being who you are meant to be, regardless of what others think.

So in the end, the final messages are: Trust yourself and be yourself!

Don't let the risk you regret the most be the one you didn't take!

About Bill Treasurer: Treasurer is the founder of Giant Leap Consulting (www.giantleapconsulting.com) where he helps individuals and organizations take smart, spirited risks in pursuit of their goals. He is also a writer, speaker, trainer, coach and consultant. He lives outside of Atlanta. He can be reached at btreasurer@giantleapconsulting.com

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