Advertiser disclosure

Terms and Restrictions Apply
Physician on FIRE has partnered with CardRatings for our coverage of credit card products. Physician on FIRE and CardRatings may receive a commission from card issuers. Some or all of the card offers that appear on the website are from advertisers. Compensation may impact on how and where card products appear on the site. POF does not include all card companies or all available card offers. Credit Card Providers determine the underwriting criteria necessary for approval, you should review each Provider’s terms and conditions to determine which card works for you and your personal financial situation.
Editorial Disclosure: Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed, or approved by any of these entities.

Unlimited Upside


Decisions have outcomes. Some of our decisions have well-known outcomes with limited downside and limited upside.

Other choices we make have unknown outcomes. In some cases, there can be tremendous downside. For example, if your bike doesn’t clear the gorge, you’ve kicked the bucket. If all goes well, you’ve impressed some people with your accomplishment and foolish pluckiness.

On the other hand, some moves we make have limited downside with the potential for unlimited upside. Carl Jensen, the author of today’s Friday Feature, encourages you to look for those opportunities in both investing and life and embrace them.

This post was originally published on 1500 Days to Freedom.




I’ve made a lot of investing mistakes. I bought into the dot-com bubble and rode some stocks to great highs and then quickly down to zero. Whoops. It was a great time to learn because my portfolio was minuscule. I lost around $5,000, but it may have been the best $5,000 I ever lost. Life lessons are best learned when you have lots of life left and little money to lose!

However, the biggest investing mistakes I made were not holding on. The most painful example is Apple which I sold at the end of 2015. I had these thoughts at the time:

  • Apple makes most of their money from the iPhone and upgrade cycles are getting longer, so profit will suffer.
  • Apple will continue to lose market share to Android.
  • The smart phone market is saturated.



I was too “smart” for my own good. Apple’s growth days were not over and I lost money:

  • Apple shares are up over 350% while the S&P 500 is up just over 100%.
  • Apple has paid out a load of dividends.
  • I paid capital gains taxes.




Limited Downside, Unlimited Upside


The amount of money I could have lost in Apple was finite. It could only go to Zero, which was extremely unlikely. However, the upside was (and continues to be) far, far greater. This is not only a powerful investing lesson but a great life lesson. I think that many pursuits are similar.


Consider the following:

  • You strike up a conversation with a cute stranger:
    • Downside: They tell you to bugger off.
    • Upside: Life partner!


  • You start a YouTube channel:
    • Downside: No one watches. You’ve wasted some time.
    • Upside: The channel goes viral. You make money and get invited to speak at events.


  • You start a business selling whales on Etsy:
    • Downside: If no one buys your crotchet whales, you’re out some yarn and some time.
    • Upside: Your strange hobby makes you some money!


Younger daughter’s whale creations


And then there’s FIRE:


Fortune Cookie Wisdom


Life begins outside of your comfort zone.

-a wise human

Real change is difficult at the beginning, but gorgeous at the end. Change begins the moment you get the courage and step outside your comfort zone.

-Roy Bennett

Coming out of your comfort zone is tough in the beginning, chaotic in the middle, and awesome in the end… because in the end, it shows you a whole new world !

-Manoj Arora


I won’t wait forever.

-Taco Bell sauce packet

Nothing dared, nothing gained.

-fortune cookie


I believe all of that comfort zone wisdom is real. Nothing great happens if you sit on the couch all day. The TV will dull your brain and the Cheetos will make your hands orange.

Outside of our boundaries is where growth happens. And it shouldn’t be that scary either ,because there really isn’t much to lose. The Worst-Case Scenario rarely happens.

But if it does, you’ll pick up the pieces, make a mental note of what you learned, and move on. Perhaps a lesson learned from failure will help you with the next challenge?


But you could also massively succeed. Instead of thinking this:

What if it all goes wrong?

How about this:

What if it all goes right?


What would your life be like then?

If you think far enough out, none of us are really safe anyway. We’re all going to die. Life is a lot more interesting if we make ourselves vulnerable and take some chances along the way.





Have you done anything that’s scared you lately? Why not?


Share this post:

1 thought on “Unlimited Upside”

  1. Thanks for sharing your story! It’s a valuable reminder that everyone makes mistakes, and the important thing is to learn from them and keep investing (wisely!). I’m excited to hear about your current investing strategies and any future successes you have. Challenge Accepted! Easy, Normal, or Hard? Test your skills against different difficulty levels and climb your way to the top of the A Small World Cup leaderboard!


Leave a Comment


Doctor Loan up to 100% Financing

Related Articles

Join Thousands of Doctors on the Path to FIRE

Get exclusive tips on how to reclaim control of your time and finances.