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Author Topic: The benefits of risk taking  (Read 1319 times)
dothebeats
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March 31, 2024, 11:05:15 PM
 #81

Those who take risks are not taking it blindly. They always have a vision and have a sense of what they will do in order to prevail against such risks. Also, not everyone is capable of assessing these risks, that's why not a lot of people are businessmen and are just consumers of services and products from other people.

Some of these people who took the risks basically know the word like the back of their hands because they already had some businesses before that failed. They are starting from experience and that, to me, is an advantage that cannot be taken away from you nor can be taught by anyone but yourself if you underwent the process. Not everyone is capable of taking risks because not everyone has the same risk appetite, knowledge, or experience to take it and would prepare a safer approach towards building their wealth.

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March 31, 2024, 11:05:31 PM
 #82

Taking risks needs to be part of life, but risk-takers are the people who want more and more. It can be money, power, knowledge, etc. Most of the time, people get themselves adopted into the life they've made. This means they try to live with what they earn and don't plan beyond their ability. Thinking of different things, people get themselves adopted into the life they've made, starting with their dependent family members and fulfilling their needs. Taking risks gives us pleasure when we do it by ourselves, and the suffering doesn't affect our dependents. When our dependents suffer because of the risk taken, it gives us the thought that we shouldn't have taken the risk.

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March 31, 2024, 11:56:55 PM
 #83

Taking risks needs to be part of life, but risk-takers are the people who want more and more. It can be money, power, knowledge, etc. Most of the time, people get themselves adopted into the life they've made. This means they try to live with what they earn and don't plan beyond their ability. Thinking of different things, people get themselves adopted into the life they've made, starting with their dependent family members and fulfilling their needs. Taking risks gives us pleasure when we do it by ourselves, and the suffering doesn't affect our dependents. When our dependents suffer because of the risk taken, it gives us the thought that we shouldn't have taken the risk.
Taking risks are somewhat to be life’s essentials, but we can’t just take risk without looking ahead its consequences if ever. Taking risk should always have a plan, so you can also plan ahead of your back ups if ever you fail in your first attempt. But I believe it’s never a do or die as well, so just take the risk when you feel ready for it, no need to push yourself to its limits.

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April 01, 2024, 04:10:10 AM
 #84

Those who take risks are not taking it blindly. They always have a vision and have a sense of what they will do in order to prevail against such risks. Also, not everyone is capable of assessing these risks, that's why not a lot of people are businessmen and are just consumers of services and products from other people.

Some of these people who took the risks basically know the word like the back of their hands because they already had some businesses before that failed. They are starting from experience and that, to me, is an advantage that cannot be taken away from you nor can be taught by anyone but yourself if you underwent the process. Not everyone is capable of taking risks because not everyone has the same risk appetite, knowledge, or experience to take it and would prepare a safer approach towards building their wealth.

Taking risks could have positive and negative effects to ones existence,however,in as much as taking the risks can be beneficial to us,you never really know what you are capable of until you've pushed yourself to harder until you've experienced a change.

Taking risks paves way for new ideas and creativity,it makes you to be able to tackle situations with ease and possibility.It opens you up for new ideas and it makes you to recognize opportunity that were hidden and open you for new possibilities that really need to access.

Taking risks can also help us grow as individuals.That's because when we step outside of our comfort zones, we're triggered to confront our fears and learn new things about ourselves.That is it helps us to reach and understand deeper meaning and understand ourselves better.Taking risks is an important factor pertaining to life's fulfillment and success,so most times,it advisable to play it smart than to play it safe.

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April 01, 2024, 05:42:58 AM
 #85

Well if we are going to take the risks then there must be big rewards for it. To risk making your own business can be a big reward if we do it right.
But it can also make us lose all of our investment.  The most wealthy people in this world did have to take risks.
But we must remember if we do take the risk we can not always get big profits from that. There is a risk we will not be successful like other people that did take risks.

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April 01, 2024, 08:42:25 AM
 #86

Well, all those great entrepreneurs and business people took calculated risks. Taking risks is good but not every risk is worth it. You can't just take a risk because it's a risk, and taking risks is what great men do, you have to look at the reward of that risk and ask yourself "Is it worth it?"
I like it when people draw inspiration from great people, but you also have to understand both situations, your situation and their situation. The fact that great man A took a risk so daring and it paid off doesn't mean it will pay off for you if you take the same risk.

The bottom line of all these talks is, "take calculated risks". A risk that wouldn't wreck if it fails, a risk that's worth the reward. People always talk about those who profited from their risk, but nobody mentions those who lost from their risk and I believe those who lost are way more than those who profited if not we would have had more successful people.

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April 01, 2024, 10:43:25 AM
 #87

Life itself is risk. There are thousands and millions ways to die or get hurt. But we are lucky to still be alive. I understand that we cannot perfectly control the food we eat, the drinks we take, places we travel to or visits. Even in our place of work there are lots of things that could cause hazard or harm to us, yet we are being safe after all. What am trying to say is as long as we are still breathing the air of life we wont stop taking risk as humans.

Let me bring it back to economics. Starting a business of investment is a risk. Some people start a business that they do not know anything about but with the little research they have made they believe something good can come out if they can be consistent and put in good efforts. In investment we risk our money into new coins or bitcoins based on what we have learnt on cryptocurrency and how we have been able to gather knowledge from various resources. However, we know that no matter the knowledge we have investing is still risky. Anything could happen and may hinder our investment.

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April 01, 2024, 01:03:05 PM
 #88

There's two incident will happen to you when you are always taking those huge risk in life and that is either you get rich its because you find a good opportunity that can generate you some good cash flow then you master all important thing that you needed so that your income flow became so consistent. The second one is either you got broke since for many time you take a risk the many times you also lose your money that's why it didn't get you good result that's why it lead to something like losing almost all of your asset and got more trouble on those situation as part of complication on the action done.

But we need both to learn in life so we must take precaution on each decision we made and always go on something that can give us higher percentage to gain some good profit since its hard to go on unsure situation and try to risk then earn without us knowing if we can really get something from them.

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April 01, 2024, 01:12:31 PM
 #89

Those who take risks are not taking it blindly. They always have a vision and have a sense of what they will do in order to prevail against such risks. Also, not everyone is capable of assessing these risks, that's why not a lot of people are businessmen and are just consumers of services and products from other people.

Some of these people who took the risks basically know the word like the back of their hands because they already had some businesses before that failed. They are starting from experience and that, to me, is an advantage that cannot be taken away from you nor can be taught by anyone but yourself if you underwent the process. Not everyone is capable of taking risks because not everyone has the same risk appetite, knowledge, or experience to take it and would prepare a safer approach towards building their wealth.

Taking risks could have positive and negative effects to ones existence,however,in as much as taking the risks can be beneficial to us,you never really know what you are capable of until you've pushed yourself to harder until you've experienced a change.

Taking risks paves way for new ideas and creativity,it makes you to be able to tackle situations with ease and possibility.It opens you up for new ideas and it makes you to recognize opportunity that were hidden and open you for new possibilities that really need to access.

Taking risks can also help us grow as individuals.That's because when we step outside of our comfort zones, we're triggered to confront our fears and learn new things about ourselves.That is it helps us to reach and understand deeper meaning and understand ourselves better.Taking risks is an important factor pertaining to life's fulfillment and success,so most times,it advisable to play it smart than to play it safe.

If you do want to have that shot or chance on having a progressive life then you would really be needing up take up some risks in compared into those people who are really that not taking any actions on which this would really be that resulting on having no chances in compared into those people who had taking up the risks. Yes, there's risk of losing but its part of it, you wont really be that progressive if you wont really be making any move and this is something that would really be just that depending on you since not all would really be that totally having that kind of mindset when it comes to this. Some would be taking up some risks and some are really that afraid on doing so. Well, i cant blame them on which we do know that there's no such thing about risk free on this world, even holding up your fiat into your own bank account could be affected by inflation
and this is something that you should really be having in mind.

Risk taking of course isnt really that something simple as it sounds or as it looks. Everything should really be planned and everything should really be thinking up well if you dont like
to mess up yourself with it. There are really just that people who are really that ina rush when dealing up with things.

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April 01, 2024, 01:37:16 PM
 #90

Taking risks needs to be part of life, but risk-takers are the people who want more and more. It can be money, power, knowledge, etc. Most of the time, people get themselves adopted into the life they've made. This means they try to live with what they earn and don't plan beyond their ability. Thinking of different things, people get themselves adopted into the life they've made, starting with their dependent family members and fulfilling their needs. Taking risks gives us pleasure when we do it by ourselves, and the suffering doesn't affect our dependents. When our dependents suffer because of the risk taken, it gives us the thought that we shouldn't have taken the risk.
Taking risks are somewhat to be life’s essentials, but we can’t just take risk without looking ahead its consequences if ever. Taking risk should always have a plan, so you can also plan ahead of your back ups if ever you fail in your first attempt. But I believe it’s never a do or die as well, so just take the risk when you feel ready for it, no need to push yourself to its limits.
Yes, taking risks is necessary in life if we want a better future and life. If we want to have what others don't have, we need to step out of our comfort zone and do what others don't dare to do. And you're right, always have a backup plan in every case because we don't always reap rewards when we take risks. There is no success without sacrifice, and no success comes to us if we do not take risks to achieve it. Everything is always proportional to each other and the choice is ours.

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April 01, 2024, 01:37:50 PM
Merited by The Sceptical Chymist (3)
 #91

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.
Taking risk is not so easy, especially in terms of business or something that involves money is really not easy to take the risks. Only when you take yourself out of your comfort zone and take risk can a person achieve success but that doesn’t mean you shouldn’t analyze the situation and calculate the risks properly. Having too much confidence to take on every business opportunity can be dangerous and also when you don’t have enough confidence to take risks is also not a good thing because you will miss out out on lots of business opportunities and limit your chances of being successful.

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
You’re not wrong, virtually everything in life is full of risks so it’s safe to say life itself is risk as the life we live is not certain because no one knows how long they have to live or how sure their decisions in life is a positive one and will have a positive outcome so since nothing is certain in life taking risks should be part of our daily life since life itself is not certain but should be a calculated one and not a careless risk. Most successful people in life are risk takers and surely not all risks taken become successful but if well planned the chances of succeeding will increase.

That being said, there's a difference between being ready to take some risks and being reckless, ignoring the dangers. When taking risks, it's important to realize what you're doing, what might happen, how likely it is to happen, and what can you do if something unfortunate happens.
More emphasis should be placed on Risk management so we don’t take careless risk and end up losing so much. There are dangers of taking risks and to minimize them we need to carry out careful planning to minimize the risk and these planning will involve back up plans and possibly solutions when things turn out differently.

R


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April 01, 2024, 03:55:13 PM
 #92

Taking risks needs to be part of life, but risk-takers are the people who want more and more. It can be money, power, knowledge, etc. Most of the time, people get themselves adopted into the life they've made. This means they try to live with what they earn and don't plan beyond their ability. Thinking of different things, people get themselves adopted into the life they've made, starting with their dependent family members and fulfilling their needs. Taking risks gives us pleasure when we do it by ourselves, and the suffering doesn't affect our dependents. When our dependents suffer because of the risk taken, it gives us the thought that we shouldn't have taken the risk.
Taking risks are somewhat to be life’s essentials, but we can’t just take risk without looking ahead its consequences if ever. Taking risk should always have a plan, so you can also plan ahead of your back ups if ever you fail in your first attempt. But I believe it’s never a do or die as well, so just take the risk when you feel ready for it, no need to push yourself to its limits.
Yes, taking risks is necessary in life if we want a better future and life. If we want to have what others don't have, we need to step out of our comfort zone and do what others don't dare to do. And you're right, always have a backup plan in every case because we don't always reap rewards when we take risks. There is no success without sacrifice, and no success comes to us if we do not take risks to achieve it. Everything is always proportional to each other and the choice is ours.

Most of life is about taking risks in any case especially if we talk about success which is not as easy as turning the palm to achieve it, requires strong determination, sincerity, patience, consistency and hard work which yes I admit that it is difficult to apply things like this in ourselves. And yes life is a race or competition between individuals driven by factors of the needs of each - each to be able to continue living, and so far what I know is that most people are always easy to get stuck in the comfort zone and also many of them keep themselves in the comfort zone so that there is absolutely no development, but on the other hand many of them say that they want to be successful and become people who succeed in making their parents proud, but the ridiculous thing is that they only talk and without doing anything to start the journey which means it is nothing more than mere nonsense.

They have many excuses such as not having the ability, not having the capital to build a business to start the journey to achieve success and several other reasons, the point is that they do not dare to get out of their comfort zone and also do not dare to take risks when on the other hand it is clear that there is no success without sacrifice as you said, which means you will never achieve any improvement in life if you do not dare to take decisions or risks.

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April 01, 2024, 04:04:02 PM
 #93

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
Everyone will definitely face risks in living their daily lives and every time people try to reach a better stage of finalization, risks continue to be faced by them. It's normal when people run away from business because they don't know what they want to do and taking risks with no knowledge is the same as betting.

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 want to be successful, people must dare to take risks because anyone will never be able to reach the stage of success if they do not dare to take risks. The understanding in my area is that people who dare to do business or entrepreneurs have a greater chance of achieving financial success. Generally they become better financially after developing their potential in this job, although not all of them succeed in achieving financial success.

If you want to find success, you have to be brave enough to take risks and you have to be able to see the opportunities in the business or enterprise we are building. If you don't dare to get out of your comfort zone then don't even think about getting financial success because people who struggle to get it must have the courage to take risks.

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April 01, 2024, 04:54:40 PM
 #94

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
To fear is a normal human response upon sensing danger, and you can't fault people who chickened out of a possible deal of a lifetime just because they were scared. The tension and the danger of failing is real and you should understand that not everyone's got a risk appetite as big as you, nor do they have the same capacity to shell out a lot of money for said risk taking venture, and happily lose it when the thing don't work out. It's not rainbows and sunshines in the Entrepreneurship world that all you need to do is take that first step and you're already bound for success. There's real danger in losing your money, losing your family's good opinion towards you, and losing all the credibility you have because of a failed venture.

So don't go out here talking about 'why people can't just take the first step and take control of their lives for the better?' If it was that easy they would've done it already, but it not. There's tons of shit at play that it's much easier to just take the beaten path, and that's alright and fair.

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April 01, 2024, 05:36:27 PM
 #95

Taking risks needs to be part of life, but risk-takers are the people who want more and more. It can be money, power, knowledge, etc. Most of the time, people get themselves adopted into the life they've made. This means they try to live with what they earn and don't plan beyond their ability. Thinking of different things, people get themselves adopted into the life they've made, starting with their dependent family members and fulfilling their needs. Taking risks gives us pleasure when we do it by ourselves, and the suffering doesn't affect our dependents. When our dependents suffer because of the risk taken, it gives us the thought that we shouldn't have taken the risk.
To achieve something good, risk must be taken. Because if you want to improve in your life, you have to take risks at every step. Living a luxurious life requires a lot of money and you must invest to earn this money. and investing is never risk free. For this no one can ever say that he was able to achieve good things without taking risks in his life. Taking risks does not guarantee success.  But if one can invest in the right place with risk and take the right steps then it can be said that he will be successful



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April 01, 2024, 07:33:48 PM
 #96

Well if we are going to take the risks then there must be big rewards for it. To risk making your own business can be a big reward if we do it right.
But it can also make us lose all of our investment.  The most wealthy people in this world did have to take risks.
But we must remember if we do take the risk we can not always get big profits from that. There is a risk we will not be successful like other people that did take risks.
That skeptism whether or not we can make fortunes from risk taking is the reason we should endeavour to only take calculated risks . You only take risk where the possibility of success is upto 70% and above. If you take risk which the success and failure percentage is 50:50, it could possibly be called gambling . I have taken so many uncalculated risks in the past and paid darely for it and that has limited me from take even risks that have high tendency for success.

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April 01, 2024, 08:27:13 PM
 #97

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
Everything has risks and risks are part of life, including in business and investment. That's why we have to be open minded about all risks because that way we will understand many things, realize that what we are doing now should not be wasted, realize that this is the beginning of our progress to become more productive human beings in the future.

The point is that every choice has risks, but it is riskier if you don't choose. There is nothing wrong with any choice. The mistake is when we complain about our choices and it would be stupid if we didn't try something new. Dare to take risks is one way to success.

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April 01, 2024, 10:14:58 PM
 #98

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
Some time before you become a successful person in any way, you will be involved in either gaining a lot of profit or any business. In this case, you will take risks if you really want your business to be done well. Some people run away from business opportunities because they don't have the capital to start the business, and that's why most people run away from them.
 If not, they know that they can afford the risks that are inside the business, but still, many prefer investment over established businesses. And the business is a nice way of generating income, if you have a better location, you will not even consider doing any investment since people's perceptions are that the risks involved in investing are bigger than business.

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April 01, 2024, 10:35:25 PM
 #99

Well if we are going to take the risks then there must be big rewards for it. To risk making your own business can be a big reward if we do it right.
But it can also make us lose all of our investment.  The most wealthy people in this world did have to take risks.
But we must remember if we do take the risk we can not always get big profits from that. There is a risk we will not be successful like other people that did take risks.
That skeptism whether or not we can make fortunes from risk taking is the reason we should endeavour to only take calculated risks . You only take risk where the possibility of success is upto 70% and above. If you take risk which the success and failure percentage is 50:50, it could possibly be called gambling . I have taken so many uncalculated risks in the past and paid darely for it and that has limited me from take even risks that have high tendency for success.
Gambling can't be even in 50:50 percentage, in my opinion, gambling is more on losing money than earning from it even 50 percentage winrate cannot achived to that, that's why I dont get people or gamblers that are risking their money in gambling, some people is risking their last money or important money to bet or do gamble hopung to earn a lot of money to have a chance of turning its life but in realitg that's not how what risk we should tale, you are right calculated risk is the risk that people should take, before taking the risk we should be able to conduct analysis and calculate the chance of success, factors that will make you succeed or fail, in short calculate it all, analyse everything in order to become successful into something. Life is all about taking risks in order to be successful in life, but we never know what will happen to us.

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April 01, 2024, 11:19:27 PM
 #100

Those who take risks are not taking it blindly. They always have a vision and have a sense of what they will do in order to prevail against such risks. Also, not everyone is capable of assessing these risks, that's why not a lot of people are businessmen and are just consumers of services and products from other people.

Some of these people who took the risks basically know the word like the back of their hands because they already had some businesses before that failed. They are starting from experience and that, to me, is an advantage that cannot be taken away from you nor can be taught by anyone but yourself if you underwent the process. Not everyone is capable of taking risks because not everyone has the same risk appetite, knowledge, or experience to take it and would prepare a safer approach towards building their wealth.
Those who succeed when taking risk are obviously taking calculated risk. They have seen already what's coming if they just take risk without preparing for it, so the best thing they can do is to study and make calculated risk, otherwise they will end up failing and regretting after. However, majority are still taking risk without weighing all its consequences most particularly for newbies, but the good thing at least they learn lessons from that and avoid doing the same mistakes again.
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