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Author Topic: The benefits of risk taking  (Read 1327 times)
Rockstarguy
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April 10, 2024, 01:17:53 PM
 #181

In fact, taking risks can be a good thing. This is because we are targeting big things. However, very many people apply this in the wrong way. They really take risks by endangering themselves and the people around them. For example, some people invest, but use their main money, and/or borrow a lot of money without telling their family, wife and relatives. When the investment he makes fails, this will really affect his life, even worse, it will affect the lives of those closest to him. This is taking the wrong risk.
However, I might be more inclined to reconsider taking that risk. For example, if we have investment funds, and take the risk of investing in something that we feel will be great. However, the investment failed. The worst thing that can happen is that we lose the investment money. However, this will not really affect the main money we have, or even the people around us. We can still rebuild this by saving from our salary or business income that we get. Taking risks is good, but it requires careful planning.
Some people don't have the proper understanding of risk taking and they don't even plan before they take risk that is why after taking risk and it ends up bad they suffer for their actions. When taking risk it is important for one to reason very well and ask some questions what if this risk I'm about to take does not end up well. Taking risk is not a bad thing just that some people take risk in the way it can lead them into problem.

Bitcoin is risky and this is something that is well known but people still make mistakes taking bad risk to invest in it. Investing bitcoin with all the money one has is a bad investment planning and very risky. Bitcoin investment should be done with a spare money and the amount you can afford to lose,  doing this if anything happens it will be easy to let go.

R


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April 10, 2024, 05:47:34 PM
 #182

In fact, taking risks can be a good thing. This is because we are targeting big things. However, very many people apply this in the wrong way. They really take risks by endangering themselves and the people around them. For example, some people invest, but use their main money, and/or borrow a lot of money without telling their family, wife and relatives. When the investment he makes fails, this will really affect his life, even worse, it will affect the lives of those closest to him. This is taking the wrong risk.
However, I might be more inclined to reconsider taking that risk. For example, if we have investment funds, and take the risk of investing in something that we feel will be great. However, the investment failed. The worst thing that can happen is that we lose the investment money. However, this will not really affect the main money we have, or even the people around us. We can still rebuild this by saving from our salary or business income that we get. Taking risks is good, but it requires careful planning.
I get your risk-taking perspective. It's tempting, the adrenaline rush of a big gamble. But you've already been burned. It was foolish to use emergency cash, take on debt, and lie to your family. You tampered with finances and trust. Thought investment funds would be different? Unfortunately, that's another gamble

I support measured risks, but "calculated" is very different from flying blind. You wish to start again and grow through work or company. Wonderful idea, but you're neglecting the emotional toll. Do you think you can ignore stress and relationship damage? This is part of the gamble, and ignoring it won't help

Though powerful, risk-taking doesn't ignore repercussions. It requires honesty with oneself and loved ones. Honoring your money and labor is key. You want to risk? Do right. Build knowledge and a safety net first. Chase the adrenaline surge with open eyes. The line between bold and stupid is way thinner than most folks think

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April 10, 2024, 06:06:12 PM
 #183

In fact, taking risks can be a good thing. This is because we are targeting big things. However, very many people apply this in the wrong way. They really take risks by endangering themselves and the people around them. For example, some people invest, but use their main money, and/or borrow a lot of money without telling their family, wife and relatives. When the investment he makes fails, this will really affect his life, even worse, it will affect the lives of those closest to him. This is taking the wrong risk.
However, I might be more inclined to reconsider taking that risk. For example, if we have investment funds, and take the risk of investing in something that we feel will be great. However, the investment failed. The worst thing that can happen is that we lose the investment money. However, this will not really affect the main money we have, or even the people around us. We can still rebuild this by saving from our salary or business income that we get. Taking risks is good, but it requires careful planning.
Some people don't have the proper understanding of risk taking and they don't even plan before they take risk that is why after taking risk and it ends up bad they suffer for their actions. When taking risk it is important for one to reason very well and ask some questions what if this risk I'm about to take does not end up well. Taking risk is not a bad thing just that some people take risk in the way it can lead them into problem.

Bitcoin is risky and this is something that is well known but people still make mistakes taking bad risk to invest in it. Investing bitcoin with all the money one has is a bad investment planning and very risky. Bitcoin investment should be done with a spare money and the amount you can afford to lose,  doing this if anything happens it will be easy to let go.
And usually into those people who had immediately dive in into something without proper planning and understanding are the ones who are really just that focusing on how to make money. If they've seen someone
who do make some huge money or income or something like that then they would really be having that in mind that they are really be able to do the same without any problems. On the time that they would be having that kind of thing on their mind then they would really be loving on starting right away and this is really that very wrong approach but well this is where most people do have that kind of impression.
On the time that you would really be taking up some risks then it would be best that you do really know on what you are doing. Mistakes are normal but it would be better that you should really be
learning up things as much as possible.

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April 10, 2024, 07:41:26 PM
 #184

In fact, taking risks can be a good thing. This is because we are targeting big things. However, very many people apply this in the wrong way. They really take risks by endangering themselves and the people around them. For example, some people invest, but use their main money, and/or borrow a lot of money without telling their family, wife and relatives. When the investment he makes fails, this will really affect his life, even worse, it will affect the lives of those closest to him. This is taking the wrong risk.
However, I might be more inclined to reconsider taking that risk. For example, if we have investment funds, and take the risk of investing in something that we feel will be great. However, the investment failed. The worst thing that can happen is that we lose the investment money. However, this will not really affect the main money we have, or even the people around us. We can still rebuild this by saving from our salary or business income that we get. Taking risks is good, but it requires careful planning.

taking risks comes with hope and when hope is in the picture, there is a chance of good things happening, If you have a target for big things, you don't need to go for less, and no matter what the risk comes with, it is not a problem, carrying people along with risk will only get your blames at the end of the day. I believe if you want to take a risk, then you should take it alone. If investing in something will yield something in the future, then I don't mind I will be ready to take that risk at all costs.

Nobody is always sure of what you will get in return from investing, but if you want to make money and want to be wealthy in the future, then you have nothing serious to worry about, you just have to make up your mind if the investment will be fruitful or not.

Some people don't have the proper understanding of risk taking and they don't even plan before they take risk that is why after taking risk and it ends up bad they suffer for their actions. When taking risk it is important for one to reason very well and ask some questions what if this risk I'm about to take does not end up well. Taking risk is not a bad thing just that some people take risk in the way it can lead them into problem.

Bitcoin is risky and this is something that is well known but people still make mistakes taking bad risk to invest in it. Investing bitcoin with all the money one has is a bad investment planning and very risky. Bitcoin investment should be done with a spare money and the amount you can afford to lose,  doing this if anything happens it will be easy to let go.
And if you do not have a plan or what to even invest in because you need to have what to invest in before you start making plans, or any careless moves, then your money is gone. There is nothing more painful than trying to make something work. If it does not work out and you still lose money in the process of making it work, then it will be an experience you will learn from. Know the kind of risk you are taking and make sure it is worth it. bitcoin is a risk but it now depends on what exactly you want to do, Because people are also looking for places to make a big profit so are I, but make sure you are taking the proper step.

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April 10, 2024, 08:33:34 PM
 #185

-snip-
Some people don't have the proper understanding of risk taking and they don't even plan before they take risk that is why after taking risk and it ends up bad they suffer for their actions. When taking risk it is important for one to reason very well and ask some questions what if this risk I'm about to take does not end up well. Taking risk is not a bad thing just that some people take risk in the way it can lead them into problem.

Bitcoin is risky and this is something that is well known but people still make mistakes taking bad risk to invest in it. Investing bitcoin with all the money one has is a bad investment planning and very risky. Bitcoin investment should be done with a spare money and the amount you can afford to lose,  doing this if anything happens it will be easy to let go.
Every decision related to money always has risks. They can make decisions, but of course they have to understand enough about good risk management. All this must be done with strategy, not ambition and of course this is advice worth considering.

Because this involves investment, obviously there is always risk. It's not just price volatility that you need to watch out for, but also other risks that of course exist. Risk management is very important in investing, it is even more important than planning.

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April 10, 2024, 09:32:42 PM
 #186


Some people don't have the proper understanding of risk taking and they don't even plan before they take risk that is why after taking risk and it ends up bad they suffer for their actions. When taking risk it is important for one to reason very well and ask some questions what if this risk I'm about to take does not end up well. Taking risk is not a bad thing just that some people take risk in the way it can lead them into problem.

Bitcoin is risky and this is something that is well known but people still make mistakes taking bad risk to invest in it. Investing bitcoin with all the money one has is a bad investment planning and very risky. Bitcoin investment should be done with a spare money and the amount you can afford to lose,  doing this if anything happens it will be easy to let go.
Every decision related to money always has risks. They can make decisions, but of course they have to understand enough about good risk management. All this must be done with strategy, not ambition and of course this is advice worth considering.

Because this involves investment, obviously there is always risk. It's not just price volatility that you need to watch out for, but also other risks that of course exist. Risk management is very important in investing, it is even more important than planning.

Exactly, in anything we do if it involves money then there will usually be a certain level of risk behind it especially when you do something that involves potential profits, and of course being rational can be a smart way to minimize the possibility of risk in terms of decision making, I will not say that you will never lose or experience losses but maybe by being rational then you will be able to understand the situation and you will also be able to consider from various sides that you will make as a basis for decision making.

Especially if we are talking about the world of investment which yes obviously you have also said something right which is that this activity always has a risk, and one of the reasons why risk management is far more important than planning or strategies to generate profits is because it is useless even if you have a way to generate profits if you have absolutely no recipe or formula as a precaution such as risk management then all the profits you have made will most likely be lost again due to losses, and simply put this is like you know how to climb but you don't know how to get down.

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April 11, 2024, 02:06:28 AM
 #187

Every decision related to money always has risks. They can make decisions, but of course they have to understand enough about good risk management. All this must be done with strategy, not ambition and of course this is advice worth considering.

Because this involves investment, obviously there is always risk. It's not just price volatility that you need to watch out for, but also other risks that of course exist. Risk management is very important in investing, it is even more important than planning.
You are right because otherwise people wouldn't call money a hot ball of fire, because if it was used incorrectly it would make everything more complicated. Any decision involving money will definitely involve risks because this is related to how people minimize risks. Without a strategy, money will not provide productive value because people don't know how to make a profit. Making any decision related to money must be done through careful, precise and strategic consideration.

When it comes to investing it might be much riskier because of the volatility of the asset, but if people take a chance on bitcoin and they understand how to do it properly then the risk is much smaller. More simply, it can be seen from the process of Bitcoin's initial emergence until now, its journey in the market regarding cycles, corrections and recovery.

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April 11, 2024, 07:06:04 AM
 #188

When it comes to investing it might be much riskier because of the volatility of the asset, but if people take a chance on bitcoin and they understand how to do it properly then the risk is much smaller. More simply, it can be seen from the process of Bitcoin's initial emergence until now, its journey in the market regarding cycles, corrections and recovery.

I would say that investing in bitcoin is already a proper investment which involves less risk. After all, bitcoin shows really high growth in a long term. Of course, you still have to make efforts to understand when to enter the position. But every entrance which is 20% lower then ATH would be considered a good one, because very few assets can give you more then 20% growth in terms of a couple of years.

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April 11, 2024, 08:09:15 AM
 #189

Risking is all about change, whether the result is too far from what you were expecting or beyond what you were expecting, either way, you'll learn something from it.

People who don't want to risk something is afraid of growth, or maybe they are contented from what they have or who they are, while those people who's not afraid to take risk are seeking growth. They wanted to change themselves into a better one to have the life they wanted.

Don't get me wrong but there's nothing wrong if you're afraid to risk something or want to risk something in order to get something in return. We have our own perspective in life, so live the way you wanted it to be as long as you're happy.
Maybe people who are afraid to take risks, those whose daily income is insufficient, want to try but think a thousand times what if they fail. 1 failure that comes to mind is incredible. Because it's not certain that they can try their business again. Maybe this is what they were afraid of when they tried it all this time. Unlike those who already earn a monthly income, they certainly dare to take risks to build their business. They already have income for daily life.

Whatever our life conditions, if we don't dare to take risks then our lives will not improve, I have been in a position in life where I have nothing, taking risks is not only for business, from the life experience I have had many times failed in finding a job. So one day I got a call to work, to reach a destination quite far from where I live, and I tried to come there and many people came there out of 1000 people who were qualified and only 50 people were accepted. Of the 50 people who were accepted my name was in it, if I didn't try to get there I would never know the results.



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April 11, 2024, 08:47:45 AM
 #190

Maybe people who are afraid to take risks, those whose daily income is insufficient, want to try but think a thousand times what if they fail. 1 failure that comes to mind is incredible. Because it's not certain that they can try their business again. Maybe this is what they were afraid of when they tried it all this time. Unlike those who already earn a monthly income, they certainly dare to take risks to build their business. They already have income for daily life.

Whatever our life conditions, if we don't dare to take risks then our lives will not improve, I have been in a position in life where I have nothing, taking risks is not only for business, from the life experience I have had many times failed in finding a job. So one day I got a call to work, to reach a destination quite far from where I live, and I tried to come there and many people came there out of 1000 people who were qualified and only 50 people were accepted. Of the 50 people who were accepted my name was in it, if I didn't try to get there I would never know the results.
From the conclusion you convey, people who never dare to take risks will never be able to change their lives for the better. In business and work, we have to dare to get out of our comfort zone and taking risks is the right choice, but in taking risks we also have to be ready. You apply for a job out of 1000 people and only 50 people are accepted and you are one of them, you are really lucky, friend. This is because you work hard and dare to take risks.

Basically in living life, when you start is as important as when you end it. Not infrequently we sometimes have to start something that feels more difficult. So the fear of failure and uncertainty that we will always face makes us afraid to start. So don't let our worries about things that haven't happened yet influence our decision to move forward and move forward. We must have the courage to start and take risks, because only by taking risks will we go to a new place that will make us continue to develop so that whatever our goals can be achieved.

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April 11, 2024, 09:00:20 AM
 #191

In fact, taking risks can be a good thing. This is because we are targeting big things. However, very many people apply this in the wrong way. They really take risks by endangering themselves and the people around them. For example, some people invest, but use their main money, and/or borrow a lot of money without telling their family, wife and relatives. When the investment he makes fails, this will really affect his life, even worse, it will affect the lives of those closest to him. This is taking the wrong risk.
However, I might be more inclined to reconsider taking that risk. For example, if we have investment funds, and take the risk of investing in something that we feel will be great. However, the investment failed. The worst thing that can happen is that we lose the investment money. However, this will not really affect the main money we have, or even the people around us. We can still rebuild this by saving from our salary or business income that we get. Taking risks is good, but it requires careful planning.
Some people don't have the proper understanding of risk taking and they don't even plan before they take risk that is why after taking risk and it ends up bad they suffer for their actions. When taking risk it is important for one to reason very well and ask some questions what if this risk I'm about to take does not end up well. Taking risk is not a bad thing just that some people take risk in the way it can lead them into problem.

Bitcoin is risky and this is something that is well known but people still make mistakes taking bad risk to invest in it. Investing bitcoin with all the money one has is a bad investment planning and very risky. Bitcoin investment should be done with a spare money and the amount you can afford to lose,  doing this if anything happens it will be easy to let go.

       -   I agree with what you mentioned that taking risks is not a bad thing. Because if the gold is passed through the fire to know if it is pure gold, the same goes for entering
the business too, of course.

We can't just want to make money; we must also be ready to jump in and face the bad things we can face when we are in the actual operation of the business we will do in that field, right?
As they say, no pain, no gain.

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April 11, 2024, 09:26:25 AM
 #192

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

I ran away from business opportunities because I didn't want to be ruled over, I always want to be a boss of myself, many business ideas are not for me, I can't do them not because of how much I could lose but because they will change who I am.

To keep being me I have to make money in my own very way and mind you, all ways of making money come with risks and losses, so I just want to clarify the fact that not all those who run away from business opportunities did it because they are in fear of losses.

Bitcoin is risky but I so well understand it, and it also matches my way of living and who I am, I feel at home knowing about Bitcoin, and now I am planning to build a big mining business around Bitcoin because this is what I enjoy doing.
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April 11, 2024, 11:03:43 AM
 #193

In terms of business or  there is risk taking in life because we don't know what is in front of us. There are problems that must be solved. In taking risks, it depends on what we take. The risk is that with large capital efforts, the profit generated will be bigger, but the losses will be greater. So, on the contrary, the benefit is that we become more courageous in trying new things, sometimes it can be successful in the future, rather than if we don't try, it becomes wishful thinking in our minds.
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April 11, 2024, 11:40:05 AM
 #194

In the general sense when we use the word risk in relation to something we mean that there is a possibility of loss. And whenever we talk about risk in business, we mean financial loss. Maybe every business has this potential for financial loss. You know what I think, no business can be successful without risk. Every business, no matter what business you do, involves risk and has profit and loss. If you have the mental strength to face that risk then you can succeed in your business.

Like when you are selling or making a product you are thinking that if I make this product I might suffer a loss. You will never see success in your business if you avoid making that product thinking about losses. So we have to do business with the power to face risks in business and even do business with courage so that we can take our business to new horizons.

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April 11, 2024, 05:07:49 PM
 #195

-snip-
Exactly, in anything we do if it involves money then there will usually be a certain level of risk behind it especially when you do something that involves potential profits, and of course being rational can be a smart way to minimize the possibility of risk in terms of decision making, I will not say that you will never lose or experience losses but maybe by being rational then you will be able to understand the situation and you will also be able to consider from various sides that you will make as a basis for decision making.

Especially if we are talking about the world of investment which yes obviously you have also said something right which is that this activity always has a risk, and one of the reasons why risk management is far more important than planning or strategies to generate profits is because it is useless even if you have a way to generate profits if you have absolutely no recipe or formula as a precaution such as risk management then all the profits you have made will most likely be lost again due to losses, and simply put this is like you know how to climb but you don't know how to get down.
Yes of course. You understand my point well so far and that's the thing to pay attention to. The level of risk in each investment product is basically different. Investors must understand it well so that they are able to recognize, minimize and even prevent risks so as not to suffer unwanted losses. Sometimes this is easier said than done in practice, but increasing understanding and advancing skills must always be sought by anyone involved in the world of investment.

There is a lot of advice about investment risk management that is shared freely on the internet. They can study it carefully, but they can also learn through books and YouTube. As long as they are willing to learn, the knowledge remains regardless of where they want to learn it.

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April 11, 2024, 10:31:01 PM
 #196

It is only a naive person will start up or join a business without knowing what they are in for "profits or loss"
Risk is entering into something that is not properly studied or Understood. A wise man will say it is better to take a calculated risk before starting up something.

Some people start up a business, project, and so on without knowing the necessary things that need to be studied and understood from the business. That makes it funny that some people didn't learn how to take a calculated risk before opening a business for themselves. Which makes them forget to weigh the risk of the kind of business they want to start whether it will favor them or not.

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April 11, 2024, 11:07:51 PM
 #197


Exactly, in anything we do if it involves money then there will usually be a certain level of risk behind it especially when you do something that involves potential profits, and of course being rational can be a smart way to minimize the possibility of risk in terms of decision making, I will not say that you will never lose or experience losses but maybe by being rational then you will be able to understand the situation and you will also be able to consider from various sides that you will make as a basis for decision making.

Especially if we are talking about the world of investment which yes obviously you have also said something right which is that this activity always has a risk, and one of the reasons why risk management is far more important than planning or strategies to generate profits is because it is useless even if you have a way to generate profits if you have absolutely no recipe or formula as a precaution such as risk management then all the profits you have made will most likely be lost again due to losses, and simply put this is like you know how to climb but you don't know how to get down.
Yes of course. You understand my point well so far and that's the thing to pay attention to. The level of risk in each investment product is basically different. Investors must understand it well so that they are able to recognize, minimize and even prevent risks so as not to suffer unwanted losses. Sometimes this is easier said than done in practice, but increasing understanding and advancing skills must always be sought by anyone involved in the world of investment.

There is a lot of advice about investment risk management that is shared freely on the internet. They can study it carefully, but they can also learn through books and YouTube. As long as they are willing to learn, the knowledge remains regardless of where they want to learn it.

Yes because I like to talk about precautionary measures, because if I can't give someone money then at least I can give them some advice to prevent or minimize the possibility of losing or losing money, in any case and not just in investment. It's because yes, just like the main context of our discussion where investing is a risky activity that even the level of risk is much higher than the profit opportunities if someone comes with the wrong understanding and method.

True, saying is always easier than practicing, but this is indeed the best recipe or formula that we can do to maintain engagement in the long run so that we do not end up like some investors who have failed, learning something is always better than nothing. Yes actually if for example someone has a strong intention and determination then surely they will also do it themselves, or that means if they are a beginner then they will definitely look for more information that they can learn from various sources that they can reach such as on the internet, as you said that there are already quite a lot of things that we can learn related to the world of investment on the internet for free which means you just have to "want to do it and have good consistency in learning it".

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Churchillvv
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April 12, 2024, 12:25:39 AM
 #198

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
Yes it's very good to take risk but it depends on what type of risk you're about to take it, is it a risk that is what it or not. A lot of people take unnecessary risk, like driving recklessly etc those kind of things are the unnecessary risk but spend 5 hours a day to practice something that you have learnt to become perfect is a necessary risk, there are so many necessary risk that one should always take especially when it comes to business and it's not every one that has the ability to run a business yet they're millions of people looking for who will invest on them or buy their thoughts.

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April 12, 2024, 01:50:30 AM
 #199

If you are profitable or if you want to establish yourself in any sector, you cannot improve without risk.  In any case, you have to take risk because without risk there is no business, no organization, no investment, you have to take it.  You can achieve success only by taking risk, in that case you will have the possibility of losing with your risk and there will be profit and possibility but you have to take risk.  It is seen that if you invest in keep currency or if you trade you have to earn some profit or some.  You have to invest money it is normal without money you can never earn money in that case there are some free miking from which you can do it for free but they are not trustworthy.
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April 12, 2024, 11:36:16 AM
 #200

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
If you don't take risks, you will never do anything good. one cannot live a happy life by working because the job gives a certain amount of salary but it requires a lot of hard work. which cannot offer you a very good life  So if you want to be rich and enjoy a comfortable life then you need to invest and earn a lot of money. and if you invest, there will be risk. and those who can take risks are successful in life and can live a luxurious life.

Most people don't take risk and they are successful, because not everything is risk, but when you are trying to do business or investment, you definitely need to take the risk to succeed because without the risk, you can't benefit from it and anything that they said people lose on it very well, you will notice that is the best place to get huge money, like people who are engaged in trading, you will see many people are losing funds from it and you will notice that when ever you cashout on trading he won't be small money because when you are lucky person,  when you just put huge fund and you win he won't be small profit you will get but he just needs patience. Anyone that likes taking risk you will notice that he have patience because without it you can't never take risks you will be scared to lose money on it.

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