Fear-setting
Write down the worst case, how to prevent it, and how to repair it
A structured writing exercise for decisions you keep avoiding: define the worst thing that could happen in concrete terms, list what you would do to prevent each item, and list how you would recover if it happened anyway. Then, separately, price the cost of inaction over six months, a year and three years. It usually reveals that the downside is temporary and the cost of doing nothing is not.
People on record
Sorted by strength of stance
Does it: documented as part of their own routine. Recommends: explicitly advises other people to do it. Discusses: covered it substantively without clear personal adoption; this can include criticism or disagreement.
- Tim FerrissDoes it
Author · The Tim Ferriss Show
Created the exercise and runs it at least quarterly, often monthly, defining the worst case and the cost of inaction side by side.
Source: tim.blog: fear-setting
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