Risk-takers always ahead financially

[Janation]

Taking risks pay off to other people, that is true.

But that is not the same for a lot of people. Some might take some risks but still lose because they are not making ways to reduce that risk or don't have the knowledge to be able to pay that off. Most of them rely on luck but luck won't come that easy so you need to make some ways for you to increase your chance of getting a profit. It is all on the risk-taker.

[Farul]

If you think being risk-loving means richer, you're wrong. Only a small group of risk-loving people are successful, you never heard stories of unsuccessful one because, well, who want to hear unsuccessful stories. You may suffer from survivorship bias

Being risk-loving is bad for most of the case, in the long-run you always lose.

[Kittygalore]

Risk takers will not always ahead financially if they can not be careful in making a decision. Before they decide, they will learn about the positive and negative, so they will know how to prevent the negative side. If we know the opportunity comes to us, and if we can see that thing, we should act fast, but do not forget to think of the other strategy or plan just if our plan is not working.

Exactly, not every risk taker wins, if there is no clear blueprint on what is your next step then the chances of you failing when you take that risk gets higher but not everyone can afford to be a risk taker, remember that most people who took risks have some sort of insurance in the case that the risk that they took will cause them to fail. Some people that only have enough money to feed their family with no chance to have a savings for emergency funds, if those people were to take risks, they will be gambling everything, from losing their home, to failing their partner, severing important bonds and a crippling debt.

[ultrloa]

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.

It always depends on what type of risk taker are you since if you just go risk with certain investment which gives false huge returns then there's something wrong with you, but if you risk by building up a business in crypto well provably you can get a better future.here but make sure you are been well guided also you need to learn from each daily experience and upgrade so that you can possibly level up and earn more from it.

[FrozenBit]

I need concrete evidence for what you say, it's just your personal opinion. No one can say anything until they succeed !!!
Remember that, from a different person's life perspective, making transformative decisions about your life or the future will help you have different successes. Maybe you take the risk, but the other person is right with the safety point of view, and they also succeed, so look at the problem from a multi-dimensional perspective.

[Casdinyard]

As other users have said, not all the time. That's why it is called 'risk-taking', simply because there's no guarantee of the positive outcome. Sometimes it would be good to do so and sometimes it is not. Those times risking is not advisable, is when it is due to greed and frustrations. We do risk everyday, and not all of it benefits us. There are times it is better to play it safe especially if the odds are bigger on the negative side. If something is having a higher percentage to lose, risking won't be worthy. I mean, yes, two-sided outcome, but if it would cost you big time, anticipate the worst. What I have learned is not to risk it all. Always have something to remain.

[Jemzx00]

If you think being risk-loving means richer, you're wrong. Only a small group of risk-loving people are successful, you never heard stories of unsuccessful one because, well, who want to hear unsuccessful stories. You may suffer from survivorship bias

Being risk-loving is bad for most of the case, in the long-run you always lose.

That's the thing with risking a lot as there's a high chance that you won't win at all but once you do, it will worth it. I'm not saying that if you're a risk taker then you're likely to get rich easier than those who play safe and find something that's more easier to manage rather I'm saying that the higher the risk, the higher the reward.
For example, BTC, if you've invested on bitcoin on 2013 and up until now hold unto it then you're very likely to have earn too much and might be a millionaire than those who've known bitcoin on 2013 but only invested on 2017. Also, you can have the risk higher and earn more by trading those bitcoin you have time to time throughout 2013 up until now which can bring more profit than just holding unto it but it involves higher risks and might put your investment to a downfall with just a wrong move.

[bitgolden]

taking risk is important and most of the time, it is worth it, but still don't forget to self-calculate and analyze first before doing something too risky. Assess the situation and if it is worth taking a try then go on and do the action. It is important to be smart not only to be a risk-taker because if not assessed carefully, you will just lose at the end. Learn from past experiences, learn from the others, and learn from different aspects.

That is where "spending money you are willing to lose" comes into play as well. Why do you think very rich people keep getting very rich? Because they spend the money they can afford to lose on risky stuff, at the end of the day they have a lot of money so they can afford to spend millions of dollars and lose it and live their life like nothing has ever happened, because they are doing it in a way that it wouldn't really hurt them but it is still a lot of money.

Someone with 300-400 million dollars could invest 1 million dollars (a lot of money if you ask me) into something and turn it into 100 million dollars in crypto, that is possible, and they are risking very little but earning a lot. You can't do that because if you have 10k and spend 100 dollars and make 500 bucks back it is still 500 bucks. Basically rich people have a better start. In the end just use money you can afford to lose and you will be fine with taking high risks since even if you lose it doesn't matter.

[Silberman]

  Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.
  When opportunities that can lead to money arrive, many people out of fear, laziness and curiosity always doesn't grab them and they'll be waiting for someone to try so they can see the outcome, that doesn't make you smart it'll only delay or stop you from encountering your financial breakthrough.
  You should cultivate the habit of being well-informed about the financial opportunities circulating around the globe so when you get the chance never allow fear, laziness or being too curious to stop you. money is not for the weak so be brave.

That is a generalization that is not true, while those that take risks are the ones that get the most in terms of profits, fame or whatever way you want to measure success what you do not see is that there were many people that took the same risks and instead got destroyed by it, this is called survivorship bias, you are only seeing the winners and you are ignoring the ones that happened to take similar risks and still lost, sometimes this is simply due to luck while in other instances there is something different about those that became successful that allow them to reach success where many others failed.

[oHnK]

If you think being risk-loving means richer, you're wrong. Only a small group of risk-loving people are successful, you never heard stories of unsuccessful one because, well, who want to hear unsuccessful stories. You may suffer from survivorship bias

Being risk-loving is bad for most of the case, in the long-run you always lose.

Risk is only something that is considered to have an impact at a later date.  There are no risks that make people successful, but successful people must never take risks.  How do you choose your investment and measure the risk, it is a wise person and a chance of success.  But a person who dares to take all risks without a good estimate is suicide.  So it's not the risk that makes someone successful, the risk is just an object.  But it is back to humans who manage that risk that determines the direction of success.

[Clement Kaliyar]

Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.

You do not need to take risk all the time to make money, the risk takers in the financial market usually identifies a market that is new and if they think that they have the potential to go higher they usually invest in them, for an outsider you can call them risk takers but they are taking calculated risk rather than blind ones. The actual risk is when you invest in a stock or crypto when the price has bubbled and only fools will touch on that trend until they loose their money.

[CryptocurencyKing]

There is hardly a reward without some amount of risk attached, its really rear to come by anyone that commands great wealth without a high stake risk behind. There is a saying that goes, "if wishes where horses, even beggars would ride", that's an example of a life where you are not willing to take the risk associated with investments and as such, the benefits that comes with investments wont be for you. Your stock with the wishes which are 99.9% not to come true. You've got to take risk if you wish to earn something in life.

[milewilda]

Life is all about taking risks and the same thing applies to getting money. You can't just fold your arms wishing you had money, the best way of being ahead is by getting started.

You do not need to take risk all the time to make money, the risk takers in the financial market usually identifies a market that is new and if they think that they have the potential to go higher they usually invest in them, for an outsider you can call them risk takers but they are taking calculated risk rather than blind ones. The actual risk is when you invest in a stock or crypto when the price has bubbled and only fools will touch on that trend until they loose their money.

You got some point though but still considered on a gamble way because there's no sureness or guarantee  that the thing you had been spotting out would really be successful in the future.
Though, you can make up presumptions basing on what you are current seeing so this is really on  that analysis side of things which would really be crucial into these kind of moments.
Risk taking is something that people do when they do look at they can really make some advantage of it, its true that this will be accompanied with some analysis which might
work or not work ahead.So in short this would really still acts as a gamble but on a little different manner.

[Princejebs]

If you think being risk-loving means richer, you're wrong. Only a small group of risk-loving people are successful, you never heard stories of unsuccessful one because, well, who want to hear unsuccessful stories. You may suffer from survivorship bias

Being risk-loving is bad for most of the case, in the long-run you always lose.

I think OP is trying to say taking risk is worth been ahead financially but been in stupid risk will make one go zero financial status and it will be a dead zone for such investor.
Taking risk should come with vision and mission so that one don't end up in the wrong direction.
For example, you wouldn't advise someone who is looking for a short gain to buy bitcoin at $38k, that's a foolish move because there is possibility of price tanking down and he may like hold it for long time.

[Mahanton]

If you think being risk-loving means richer, you're wrong. Only a small group of risk-loving people are successful, you never heard stories of unsuccessful one because, well, who want to hear unsuccessful stories. You may suffer from survivorship bias

Being risk-loving is bad for most of the case, in the long-run you always lose.

I think OP is trying to say taking risk is worth been ahead financially but been in stupid risk will make one go zero financial status and it will be a dead zone for such investor.
Taking risk should come with vision and mission so that one don't end up in the wrong direction.
For example, you wouldn't advise someone who is looking for a short gain to buy bitcoin at $38k, that's a foolish move because there is possibility of price tanking down and he may like hold it for long time.

Just common sense and you will able to spot it out which step is really worth and which step isnt  really not right after all.Taking risk on everything will really just lead you neither into success or complete failure.
It will depend on how you do assess basing up on the situation or chances on where you do look that its best to put some money.True that risk takers would have the advantage to make money and same goes
around on losing money so its still a 50-50 chance of success and this will really be needing some sort of luck when you do risk into something.

[Tstar]

Yesterday I read about the Bank of English giving six months to the High Street Banks to prepare and implement negative interest rates. This is good for those who are seeking financing but bad for those who own deposits.

You can't be passive, avoid all the risks, take the negative rates and be ahead financially.

[BuNga_cute]

It is only natural that risk-takers have better finances than people who play it safe. Because indeed most rich people are risk-takers by investing
in several assets that may not be valuable at first. Because Bitcoin alone when it was first created, very few believed that investing in Bitcoin could be
very profitable.

So early adopters are risk takers in my opinion. Those risk-takers who bought Bitcoin for the first time are now rich people, because the Bitcoin
price increase is very significant. So we really have to be risk-takers to be rich, we must venture out of our comfort zone.

[FlightyPouch]

Not all of the people have something to risk. Others would say that poor people should invest in crypto currencies, but we all know they can't afford it. They can't take the risk because every little amount of money they have, they need to use for their family because that is what they only have. But always remember that these risk takers didn't earn a profit everytime, they took risks and that also means that they also lose.

[Twentyonepaylots]

I get where you are coming from and from acrtain standpoint you are definitely right, but in a third-world country this wouldn't work, as most of the people there are in grave poverty and wouldn't have the luxury to spend money on investments. Most of them will take care first of their growling stomachs, and take it from there. You have to understand OP that it's not sometimes the person's, fault that they got in that situation.

Not all of the people have something to risk. Others would say that poor people should invest in crypto currencies, but we all know they can't afford it. They can't take the risk because every little amount of money they have, they need to use for their family because that is what they only have. But always remember that these risk takers didn't earn a profit everytime, they took risks and that also means that they also lose.

Exactly, but the thing about this is that, those who took risks and won get to enjoy a more luxurious life, while those who did not either stagnated or worse, became impoverished.

[CarnagexD]

There are some people, especially those subjected to extreme poverty, to no fault of their own of course, that may disagree. They can't afford to lose anything more especially when you consider that their funds are only good for basic necessities. We should be more considerate and all but I get wherw you are cominf from OP