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Author Topic: The benefits of risk taking  (Read 1328 times)
Cookdata
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April 02, 2024, 08:40:00 PM
 #101

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

Do you think if business is that easy to run, don't you think that a lot of people that has money sitting in the banks wouldn't have started business for a long time? This indicator alone should tell you that there is absolute something within the walls of business why many people don't do business and rather prefer to invest in other things that can yield them money in the future instead of cash flow investment.

Business involves sacrifice of the mind, it involves putting all you have and in fact it drains you completely and you might even fail in the process which you don't have a choice than to start all over again and I'm not sure if you want to start over again. Even if you have, in not sure you have much money to spare.

I have seen a company that spent millions in trying to establish drive and earn company like Uber and didn't succeed, but restrategize and lunch a micro finance app and guess what, they are the lading micro finance business here with highest recording customers due to their lightening transaction, it cost them more capital expenditures before they got there,now tell me how many people are ready for such challenges? I bet just few.

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April 02, 2024, 08:59:38 PM
 #102

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

Do you think if business is that easy to run, don't you think that a lot of people that has money sitting in the banks wouldn't have started business for a long time? This indicator alone should tell you that there is absolute something within the walls of business why many people don't do business and rather prefer to invest in other things that can yield them money in the future instead of cash flow investment.

Business involves sacrifice of the mind, it involves putting all you have and in fact it drains you completely and you might even fail in the process which you don't have a choice than to start all over again and I'm not sure if you want to start over again. Even if you have, in not sure you have much money to spare.

I have seen a company that spent millions in trying to establish drive and earn company like Uber and didn't succeed, but restrategize and lunch a micro finance app and guess what, they are the lading micro finance business here with highest recording customers due to their lightening transaction, it cost them more capital expenditures before they got there,now tell me how many people are ready for such challenges? I bet just few.
People would really be making out those kind of judgment or would really be telling up some words as if it was really just that easy but on the time that they have stepped their own foot into such field then they would really be able to find out that it was never been that easy in the first place. This is why it would really be ideal that taking up some risks is something that worth but of course you cant really just that make yourself making some rush decisions on which we know that this could really bring out that kind of risks on which this could really be resulting into huge loses if you dont really know on what you are doing.
This is why it would really be that important that you are really that wary on the things that you are involved with because if not then you would really be facing up those issues or consequences.
Always be that mindful about the risks and not really just that diving in without having any preparations.

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April 02, 2024, 09:16:10 PM
 #103

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

Do you think if business is that easy to run, don't you think that a lot of people that has money sitting in the banks wouldn't have started business for a long time? This indicator alone should tell you that there is absolute something within the walls of business why many people don't do business and rather prefer to invest in other things that can yield them money in the future instead of cash flow investment.

Business involves sacrifice of the mind, it involves putting all you have and in fact it drains you completely and you might even fail in the process which you don't have a choice than to start all over again and I'm not sure if you want to start over again. Even if you have, in not sure you have much money to spare.

This is what makes many people eventually give up and not continue the process of their struggle, I can't say that they are losers or they are too fragile because indeed everyone has their own capacity, but the capacity in yourself is not a benchmark for you to just give up, because the proof is that there are some people who manage to achieve success in whatever they do or struggle for, so maybe only selected people who have personalities and ways of thinking that are different from people in general who can achieve success.

But yes I also can't forget the fact that there are several other factors that make them have to retreat too early from their struggle, when experiencing failure where they have sacrificed a lot of energy and money but the plan doesn't work which when such a failure occurs then they have to repeat everything from the beginning, about the spirit maybe it can grow but about the money that will be used as the main driver to return to stepping not everyone can have a situation that is always supportive which may cause delays to the journey or even retreat by ending it all.

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April 03, 2024, 01:44:44 AM
 #104

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities
That is why it is always said that behind a big risk there is always the potential for much bigger profits. And successful people are those who are always brave in taking risks. But taking risks is also done after going through a process of careful analysis or consideration. Because after all, wise decisions will bring good results. That is the important role of analysis. so that you can see the potential behind the risks and so that you can minimize the risks that will be taken.
The word brave is different from the word reckless. And what we have to take is to be brave and not reckless.

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April 03, 2024, 04:16:46 AM
 #105

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities
Mark Zuckerberg stated that "The biggest risk is not taking any risk". So, never be afraid to take risks in life. Don't be afraid to invest either. Why? Without you realizing it, in everyday life you are actually faced with so many risks. A simple example is when you go from home to where you work, to campus, to school, and so on, you are faced with the risk of having an accident on your journey, and there are many other examples.

Well, when it comes to investment, ignoring risk is a very dangerous thing. It is important for a person to consider their tolerance for risk to be able to understand their risk profile.
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April 03, 2024, 05:50:27 AM
 #106

Quote from: btc78
It is essential to take risks in order to succeed in life and one should never steer away from doing so however it should be done in a way that is educated and calculated. A person who takes risks after carefully studying and thinking of ways to minimize said risks is a brave person while a person who takes risks blindly is just stupid. Not all risks should be avoided but also not all risks should be taken.

I know is very difficult to take risk, but if you can be able to take it to improve your investment with a huge amount of money, you will definitely achieve what will make you to always take a risk in any investment to continue progressing in your investment. I noticed it from some investors who took a good risk in the right season, based on their personal research they carry out on a particular project before taking the risk but those who don't have the knowledge on a particular project will not bonder to carry out their research before investing, and such investors will not experience favourable income in their investment. Always take a good risk that will increase your wealth in the future, but don't take a risk that will hurt you in the future, so be wise in taking risks.


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April 03, 2024, 08:46:35 AM
 #107

Quote from: btc78
It is essential to take risks in order to succeed in life and one should never steer away from doing so however it should be done in a way that is educated and calculated. A person who takes risks after carefully studying and thinking of ways to minimize said risks is a brave person while a person who takes risks blindly is just stupid. Not all risks should be avoided but also not all risks should be taken.

I know is very difficult to take risk, but if you can be able to take it to improve your investment with a huge amount of money, you will definitely achieve what will make you to always take a risk in any investment to continue progressing in your investment. I noticed it from some investors who took a good risk in the right season, based on their personal research they carry out on a particular project before taking the risk but those who don't have the knowledge on a particular project will not bonder to carry out their research before investing, and such investors will not experience favourable income in their investment. Always take a good risk that will increase your wealth in the future, but don't take a risk that will hurt you in the future, so be wise in taking risks.


But how do we know which risks will bring benefits and profits and which risks will leave us vulnerable in the future? Once we call it a risk, it means it can hurt us at any time and once we accept the risk, we need to have backup plans if the risk really happens.

Surely you and everyone are talking about investing in bitcoin and everyone is optimistic that bitcoin is risk-free. This is not wrong because as bitcoin investors, we will always want bitcoin to succeed because if bitcoin succeeds then we will succeed. But don't forget, anything can happen and it's entirely possible for bitcoin to suddenly disappear.

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April 03, 2024, 12:25:38 PM
 #108

Well, when it comes to investment, ignoring risk is a very dangerous thing. It is important for a person to consider their tolerance for risk to be able to understand their risk profile.
If someone invests, it is for sure part of it. We take risk as we invest and we're aware of it and that's why before investing, we have to understand that we're not just playing around and the risk isn't ignored.

Someone who invests and ignores the risk probably isn't an investor or just plays around with his money and don't mind the results of his investments. As for us, being investors, we take every single risk with care as long as we can tolerate it.

But if we don't know if we can survive taking risk, we are assessing if we can take calculated risks which is a good step because only you know yourself.

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April 03, 2024, 01:24:06 PM
 #109

I know is very difficult to take risk, but if you can be able to take it to improve your investment with a huge amount of money, you will definitely achieve what will make you to always take a risk in any investment to continue progressing in your investment. I noticed it from some investors who took a good risk in the right season, based on their personal research they carry out on a particular project before taking the risk but those who don't have the knowledge on a particular project will not bonder to carry out their research before investing, and such investors will not experience favourable income in their investment. Always take a good risk that will increase your wealth in the future, but don't take a risk that will hurt you in the future, so be wise in taking risks.
Since you are taking other risks if you are not taking risks to invest, we take risks even when we are not conscious that we are taking them. Rather than assuming more risks, why not just invest? You stand to gain or lose money in this endeavor. Progress and wealth comes with a huge responsibility. And not everyone will be ready or will want to carry that responsibility of taking risk people are getting tired of trying to survive and if you want to make money you must be ready to work hard. Research is one of the factors that help in building and solidifying your investment because you will be full of ideas of different kind. At some point or every other point you will know what to do. And Investors need to have a patient mind if not for that you will end up making decisions that will cost you.

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April 03, 2024, 01:44:44 PM
 #110

Let me tell you that for some people contemplating entrepreneurship, it is better they stick with their 9-5 than take the entrepreneurial risk. Some want to answer entrepreneur so bad that they do not take calculated risk. They do not make smart goals. They are not ready to learn. It's lonely being an entrepreneur because the buck stops with you. There's no expectation of a monthly earning and you have to suffer at first. It is failure and repeated failure. And for those 9-5ers contemplating entrepreneurship, the benefit lies in not taking that risk.

Many people risk in businesses without a proper plan, not studied which is the common thing that happens in the end is not succeeding in growing it. Although, they are risk takers.

But there are others who, even though they have capital for business, are weak-minded because they fear losing or losing the capital, that's why as a business minded person,
an entrepreneur must really have risk willingness.


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April 03, 2024, 02:17:40 PM
 #111

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
In the real world we will always be faced with risks, especially when it comes to financial matters, people run away from business because they don't know how to run it because rather than taking risks it is better for them to look for other ways Not everyone is capable of running a business and vice versa, not everyone has the ability to run an investment. Humans have different abilities when it comes to making money and not everyone has the same opportunities. But talking about risk is about how someone can control the risk to be smaller.

To control risk, we must understand what we are doing and as much as possible we can find solutions to every problem we face. Without taking risks we never know the level of success because we never try. Risks need to be faced so that we know how difficult it is to make money and when we are able to control it, it will be much easier to minimize risks.

I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities
Dare to take risks will provide a path to success and every risk we take is based on knowledge to achieve success. Therefore, we need to study first before doing something and when we know how to do it correctly, there is a big chance that we will achieve success if we do it seriously.

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April 03, 2024, 02:33:08 PM
 #112

This is something that I often think about. As a financial advisor, speaking about risk taking is really and every day thing. I often speak about taking on just the right level of “risk taking”. It certainly never has to be “all or nothing”, but taking SOME risks, can be a very prudent way about going in to your investing plan. Sure, big risks can pay off big time, but they can also big time hack fire, so take just the right amount for you and your situation.

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April 03, 2024, 03:02:20 PM
 #113

Mark Zuckerberg stated that "The biggest risk is not taking any risk". So, never be afraid to take risks in life. Don't be afraid to invest either. Why? Without you realizing it, in everyday life you are actually faced with so many risks. A simple example is when you go from home to where you work, to campus, to school, and so on, you are faced with the risk of having an accident on your journey, and there are many other examples.

Well, when it comes to investment, ignoring risk is a very dangerous thing. It is important for a person to consider their tolerance for risk to be able to understand their risk profile.
From the example you gave, many people can also draw a conclusion that risk is always present in life and in any job, so it is important for everyone to understand before doing anything. And because in this case we are discussing investment, of course it is very important for every investor to understand the risks so that we can all take wiser steps when we want to invest in some of the best assets. So understand the risks and learn how to take action as soon as possible in investing.

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April 03, 2024, 03:50:04 PM
 #114

This is something that I often think about. As a financial advisor, speaking about risk taking is really and every day thing. I often speak about taking on just the right level of “risk taking”. It certainly never has to be “all or nothing”, but taking SOME risks, can be a very prudent way about going in to your investing plan. Sure, big risks can pay off big time, but they can also big time hack fire, so take just the right amount for you and your situation.
When there is the word "risk" there must be something negative in it or something that will make us feel a loss, and I think in any case this will always be there, especially if it is related to finances. Money is a very sensitive thing in life, therefore we must be wise in making decisions that are closely related to finances.
We are faced with 2 choices, as you said, take it or not take it at all. However, if we are going to take that risk, then we have to make sure that the risk we take is truly prepared for everything, including big losses. Therefore, the money we will use is also the money we allocate for the risks we will take.

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April 03, 2024, 04:02:57 PM
 #115

risk is the game, man. It's the difference between living and just existing. You're right, those who make a mark on this world, they take the damn leap. It's the only way. But risk ain't always pretty. It can mess you up. Thing is, playing it safe is its own kind of risk

You think avoiding risk is safe? It's like treading water your whole life, too scared to learn to swim. Life's about those moments of risk – starting a business, making a big move, chasing that dream. You might get knocked down, sure. But what's worse; never really trying? Living a life half-lived? Hell no

But we ain't talking about jumping off cliffs blindfolded. Calculated risk, that's the key. The greats you mention, they didn't just gamble, they put in the work.  Knowledge, strategy, THEN taking that chance. So, what's holding you back? Fear? Comfort? Screw that. Break the chains. Fail forward, because failing is where you learn, where you grow. That's real life, that's what makes it worth living

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April 03, 2024, 07:39:05 PM
 #116

When there is the word "risk" there must be something negative in it or something that will make us feel a loss, and I think in any case this will always be there, especially if it is related to finances. Money is a very sensitive thing in life, therefore we must be wise in making decisions that are closely related to finances.
We are faced with 2 choices, as you said, take it or not take it at all. However, if we are going to take that risk, then we have to make sure that the risk we take is truly prepared for everything, including big losses. Therefore, the money we will use is also the money we allocate for the risks we will take.
To earn money we are always faced with the risk of losing it, which happens almost everywhere for working people. The question is how we are better prepared to face risks and in what ways we can minimize these risks. Money is very sensitive, it moves according to human behavior in handling it and if it is mishandled, money will be a problem for us. Taking risks must be based on careful consideration and if we want to be involved in investment then we should study investment properly, the aim is so that we don't have problems when carrying out the investment.

The mindset of some people is that without the courage to take risks, we will never know what level of success we will achieve. Effort and perseverance are the formula in the decision to take risks and if you are not ready then never take risks because it will cause much bigger problems. That's why people don't dare to get out of their comfort zone to try to improve their level of financial income.

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April 04, 2024, 01:14:26 PM
 #117

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities
Life is all about risk, life without risk is a kind of life that one might remain the same without growth. For the fact that life is all about risk it doesn't mean one needs to take risk at all time without having understanding about what one is planning to go into risk for. I think before one is planning of going into any risk there should be good understanding of what one is going into risk for, and not to take risk blindly without knowing what it is all about. Going into risk without understanding is another form of gambling.  Good risk taking is all about risking on something that one has slight understanding of but not too sure about it.

Risk takers should always have this understanding when about to take risk, it should be something that you can afford to lose if taking the risk does not end up well.

R


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April 04, 2024, 02:41:35 PM
 #118

To earn money we are always faced with the risk of losing it, which happens almost everywhere for working people. The question is how we are better prepared to face risks and in what ways we can minimize these risks. Money is very sensitive, it moves according to human behavior in handling it and if it is mishandled, money will be a problem for us. Taking risks must be based on careful consideration and if we want to be involved in investment then we should study investment properly, the aim is so that we don't have problems when carrying out the investment.
Sometimes some people don't understand what the benefits of money are, so there are still people who make mistakes when using money in places they shouldn't use it. So in terms of understanding the risks when working to earn money, we ourselves must also be aware that money only functions as a means of transaction when we want to buy something. Because when someone starts using money for investment purposes, they must initially make purchases of goods or assets that they believe are good and good for investment.

Quote
The mindset of some people is that without the courage to take risks, we will never know what level of success we will achieve. Effort and perseverance are the formula in the decision to take risks and if you are not ready then never take risks because it will cause much bigger problems. That's why people don't dare to get out of their comfort zone to try to improve their level of financial income.
People who do not dare to get out of their comfort zone and also do not dare to take any risks with their work, they will not get anything but will remain poor for the rest of their lives. Because in this life we are all really required to work well if we want to be successful and we are also really required to understand the risks of the work we like so that we can find a better way so that the efforts we make are not in vain. So I don't think we need to care about people who don't want to change their mindset and also don't want to get out of their comfort zone.

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Z_MBFM
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April 04, 2024, 03:52:59 PM
 #119

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities
Life is all about risk, life without risk is a kind of life that one might remain the same without growth. For the fact that life is all about risk it doesn't mean one needs to take risk at all time without having understanding about what one is planning to go into risk for. I think before one is planning of going into any risk there should be good understanding of what one is going into risk for, and not to take risk blindly without knowing what it is all about. Going into risk without understanding is another form of gambling.  Good risk taking is all about risking on something that one has slight understanding of but not too sure about it.

Risk takers should always have this understanding when about to take risk, it should be something that you can afford to lose if taking the risk does not end up well.
It is impossible to gain without risk. You must invest to achieve something. Because by investing only you will get return otherwise your situation will not change. So taking risk is the first step to success. this is why a term is called no risk no gain. If those who take a big risk by investing in crypto succeed, it changes their financial situation a lot.  Which can even change someone's life. But those who are afraid to invest considering it a risk always fall back

Asiska02
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April 04, 2024, 04:39:06 PM
 #120

Risk is when a person is exposing him/her self to dangers, possibility of incurring loss or misfortune
So many people run away from business opportunities just because they fear they will run into loose and didn't want to take such risk
I have come to the realization that the word risk is part of life and that it is better you take part in it than not
From history it has been said that the great entrepreneur and business men/woman where all risk takers when you take risk you throw your self to the real of possibilities

Even when risk taking is part of the process to make someone fortunate or achieve their goal in the future, the risk has to be a calculated one and not just any type of risk that will make you regretful and back to the starting point. Some risk are worth taken while some of them are not and one should distance themselves from such risks that will pose a lot of danger to their future prospects. Risks have made great men today and it is because they took a calculated risk and not just anyhow risk they come about through the process of trying to achieve their goal. Know what is worth risking and take it, it could be your only or last opportunity into changing and achieving your dream goal.

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