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Author Topic: The benefits of risk taking  (Read 1373 times)
Jody.Drummer
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April 06, 2024, 09:28:23 PM
 #141

What you are saying is 100% true but there is another fact, not everyone who takes risks in their life ends up reaching their goals that's what intimidates the people from not leaving their current job since there is no assurance for their success. Managing their work and goal can be the optimal solution who have such fear like work regularly and in the remaining time they can start their business as part-time and keep doing both simultaneously, once they feel they are good in profits then they can quit their jobs and start focusing on their business.

True, but if you don't have the courage to step up then won't you stay in the same zone? Of course, there are some people who have the courage to step out of their comfort zone and try to pursue their dreams with an action and there are some people who have the same dream but only think about something that will only create a lot of delays because they are too worried about something unwanted that might happen.

This means that the concern and fear of some people to step out of their comfort zone is because there is no guarantee that they will really be able to achieve success such as the fear of leaving their main job to build a new business. And yes what you said is a pretty effective solution for those who are too worried and I see that some people have done things like this where they start their business but don't leave their main job, which means they manage and manage their business the rest of their day when their main job is finished and when they start to see pretty good progress in the business they run then usually yes they just dare to leave their main job.

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April 06, 2024, 09:47:10 PM
 #142

Many people hesitate to take risks for fear of failing and not being able to come back again, so when people do not dare to take risks, there will be no change in the business they run.

All we know is that taking risks for a benefit must be done so that you can get out of the usual zone to a new one and even this increases your chances of making a profit from it you can become rich because taking risks is of course behind it all there is a calculation because if you take risks without any basis that you know is the same as failing.

The same thing when you invest in bitcoin then there is a high risk: market fluctuation, volatility, but from all that we know more benefits of taking profits after you take the risk of investing in bitcoin.
I would rather say take calculated risks instead, that way you will gain higher chances of success. Because  if you only mean just by taking risk, positive changes will come right after, the truth is it doesn’t work like that. A lot of people take risk and end up in failure. That’s because they were never prepared enough for that risk and they never take calculated risk. Instead, they just rush into taking risk, not realizing that taking risks unprepared at some point may always end up with its negative consequences.

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April 06, 2024, 11:15:45 PM
 #143

............
Taking risks must also have a calculation where you must understand and record all expenses / income if for example you fail then you have to try once to fail not to try again then you will fail for as long as possible, ups and downs must be normal when you are up in a business that has developed then the process you go through has been successful.

Failure does not entail an immediate need to fail again. You should, however, aim to gain from these failures and use them as bases for leveraging towards higher levels of achievement. There are a few attitudes that a person aspiring to be an entrepreneur or in business needs to have, such as being optimistic about whatever comes your way, having strong self-confidence, and never giving up on your dreams.
One of the reasons that it is worth being patient when creating and developing your own company is the understanding that the path to success involves lots of falls and missteps. When you see that the company in which you are active starts to grow, this testifies to a successful process already passed and brings an expected result.

...........

As it has been said, even the life we leave in is a risk because you don’t know when or which day you are going to die, so risk is like a potential act in life because anything that you don’t know how it will be in the future can still be a risk, so life is completely filled with risk and is left for you to take. more potential risk that will add up to your finances because, without risk, you can’t get rich. That is just a fact. But when talking about risks, know the risk that will favour you because not all risks favour everyone. 
 
Talking about bitcoin. To me, risk in bitcoin is education and exploration because if you are more attentive, you will gain more knowledge and at the same time gain more profit, but that deals with a higher level of patience. Having such knowledge and risking your funds is not a small deal, but we all know that bitcoin is reliable and also safe to invest in, and if you are patient, you will gain the reward for that. 

Risk is a reality, and it engulfs life from birth, as no one knows what will happen in the future. Taking risks is an integral part of life, and they can bring about potential rewards, especially in financial matters. However, it is important to be aware of the risks that are taken and to select those risks that are beneficial.

The analysis of Bitcoin risk would consider education and exploration. To invest money in Bitcoin, a person should be knowledgeable and patient as it is difficult to make an instant profit from such investments. Conversely, investing wisely can yield profitable yet safe returns on Bitcoin. In the long run, patience and enough knowledge can result in satisfying rewards.

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April 07, 2024, 05:06:07 AM
 #144

What you are saying is 100% true but there is another fact, not everyone who takes risks in their life ends up reaching their goals that's what intimidates the people from not leaving their current job since there is no assurance for their success. Managing their work and goal can be the optimal solution who have such fear like work regularly and in the remaining time they can start their business as part-time and keep doing both simultaneously, once they feel they are good in profits then they can quit their jobs and start focusing on their business.

True, but if you don't have the courage to step up then won't you stay in the same zone? Of course, there are some people who have the courage to step out of their comfort zone and try to pursue their dreams with an action and there are some people who have the same dream but only think about something that will only create a lot of delays because they are too worried about something unwanted that might happen.

This means that the concern and fear of some people to step out of their comfort zone is because there is no guarantee that they will really be able to achieve success such as the fear of leaving their main job to build a new business. And yes what you said is a pretty effective solution for those who are too worried and I see that some people have done things like this where they start their business but don't leave their main job, which means they manage and manage their business the rest of their day when their main job is finished and when they start to see pretty good progress in the business they run then usually yes they just dare to leave their main job.

If the individual doesn't have the responsibility to provide for their family then they can take the risk straight away so even if they fail they can survive. No one is going to be affected but when a family depends on the man or woman can't afford to take such risks. Hence, they have to consider the basic necessity as the first priority for their family then pursuing their dream which I respect.

But as I said if they put extra effort then there is high possibility of changing their fate in terms of financial success.

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April 07, 2024, 09:37:38 AM
 #145

I would rather say take calculated risks instead, that way you will gain higher chances of success. Because  if you only mean just by taking risk, positive changes will come right after, the truth is it doesn’t work like that. A lot of people take risk and end up in failure. That’s because they were never prepared enough for that risk and they never take calculated risk. Instead, they just rush into taking risk, not realizing that taking risks unprepared at some point may always end up with its negative consequences.

Taking decisions and taking risky actions does not mean that they are not taken into account or not considered, even though it is said that taking risky actions is the same as having to be calculated and considered well, don't take risky actions that are really not considered and not taken into account, that's not true. Everything needs to be considered carefully and correctly so that the results of risky actions are not too bad or the results can even be good.

It's true what you said, many of them take risky actions but they fail in the end and that's probably because they didn't prepare or consider it well so they can be said to have given up when taking that risky action. Also, as you said, they were too hasty in taking action, they were not fully prepared, but even so, I think they can learn lessons that they can use as lessons for the future so that they don't take the same action again, unless they have considered it first. before doing it.

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April 07, 2024, 09:55:24 AM
 #146

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
The first step to success in life is hard work and the second major step is to take risks. Because we know that staying in a comfortable situation can make life stagnate and deprive us of endless possibilities. As there is a possibility of failure through risk-taking the financial loss can be significantly observed so that a person has to face various challenging environments mentally and financially. But if life is to be moved forward or to the pinnacle of development one must have the mindset and ability to take risks both short-term and long-term. It is through taking risks that a person can succeed in both his personal and professional spheres and the mindset of different types of innovation and creativity will propel himself and the country towards economic development.

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April 07, 2024, 09:56:38 AM
 #147

Risk is part of life but not all risk is worth taking and before most entrepreneur take any form of risk, they must have lay down analysis on the result they are expecting and they will always have a back up plan, so that if their results are not good at all, they can quickly retrace to something that can likely work for them. No risk should be taking ignorantly without properly analysis the benefits and loses that is attached.
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April 07, 2024, 10:41:21 AM
 #148

Risk is part of life but not all risk is worth taking and before most entrepreneur take any form of risk, they must have lay down analysis on the result they are expecting and they will always have a back up plan, so that if their results are not good at all, they can quickly retrace to something that can likely work for them. No risk should be taking ignorantly without properly analysis the benefits and loses that is attached.

I agree with you, some people mostly those entrepreneur who's decided to take a risk is already have a back up plan because they know that not all the risk they do will going to be successful. sometimes It:s better not to take a risk especially if you know that the things that you're going to do is not in line in your passion and if you have a hint that this will not gonna be work out but it's up to a person if they are really a risk taker who's afford to lose more money than keeping it.



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April 07, 2024, 11:45:30 AM
 #149

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.
Everyone understands money and they actually make the wrong decisions more often because they don't understand the right way to engage in work or use money. The function of money is as a means of payment and that is generally known by many people, even when we want to invest we first buy assets to invest. Most people understand the function of money, but they are unable to see the potential in money, so every time they make a decision, it results in losses because they don't understand how.

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.
The comfortable zone will only make people lag behind in seeking profits anywhere, but that doesn't mean people have to take risks without any consideration. If people want to build a business or invest, then what they need to learn is about the progress of both because it is impossible for people to be successful if they don't know how to develop a business or how to run an investment. You need to change your mindset if you want to pursue wealth because people who dare to take risks have a much better chance of achieving financial success.

Yeah that's the exact point that taking calculative risks is very important. If you go ahead and take risks without future planning and calculations then you'll end up in destruction. This happens in almost 95 out of 100 cases if you don't calculate what you're doing.

But the sad truth is that we are impressed by the remaining 5 people only. We see them how fast they have progressed by taking risks and then we try to do that  by we fall into that 95 people. We need to be practical and more calculative while investing.

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April 07, 2024, 11:52:05 AM
 #150

Risk is part of life but not all risk is worth taking and before most entrepreneur take any form of risk, they must have lay down analysis on the result they are expecting and they will always have a back up plan, so that if their results are not good at all, they can quickly retrace to something that can likely work for them. No risk should be taking ignorantly without properly analysis the benefits and loses that is attached.

Some individuals will take the risk but they don't know anything about the field but they believe that taking risk will give them profit even if they don't know anything but I think such kind of act is just gambling.

If you believe that taking risk in this field will give you profit if you use your strategies then taking such risk is suitable option for enhancing your income but all types of risk should not be taken into account.



 

 

 

 

 

 


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April 07, 2024, 12:33:29 PM
 #151

I agree with you, some people mostly those entrepreneur who's decided to take a risk is already have a back up plan because they know that not all the risk they do will going to be successful. sometimes It:s better not to take a risk especially if you know that the things that you're going to do is not in line in your passion and if you have a hint that this will not gonna be work out but it's up to a person if they are really a risk taker who's afford to lose more money than keeping it.
For those who are entrepreneurs, of course every now and then they will decide to take a risk, but this is done with the aim of achieving success or something positive, but it is a big risk. but in my opinion, actions like that are not bad because they are also good things and it is normal for an entrepreneur to do that, not only entrepreneurs, but also with other people, this usually happens, whether they are street vendors, entrepreneurs or business people. Maybe things like this are done because they don't have any other choice or have a backup plan like what you said.
I think people who dare to take risks are people who have strong determination and self-confidence, because not all entrepreneurs or business people dare to take risks by betting that what they are running could go bankrupt. But this also has a good and positive side, by taking risks maybe they can learn their own lessons, either to improve or to deepen.

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April 07, 2024, 02:04:19 PM
 #152

Risk is part of life but not all risk is worth taking and before most entrepreneur take any form of risk, they must have lay down analysis on the result they are expecting and they will always have a back up plan, so that if their results are not good at all, they can quickly retrace to something that can likely work for them. No risk should be taking ignorantly without properly analysis the benefits and loses that is attached.

Some individuals will take the risk but they don't know anything about the field but they believe that taking risk will give them profit even if they don't know anything but I think such kind of act is just gambling.

If you believe that taking risk in this field will give you profit if you use your strategies then taking such risk is suitable option for enhancing your income but all types of risk should not be taken into account.

If we talk about the fact that there is no guarantee for anyone to achieve success after they dare to take risks, then yes, perhaps this scenario is almost the same as gambling, but there is a significant difference in that when you dare to take risks in anything, such as having the courage to yourself to start a business then one day you will have the opportunity to achieve success provided that if you never give up and consider that failure is a normal thing experienced by everyone who tries to take risks, because even if you fail, you will gain experience. and knowledge that you will not get if you do not take risks at all and this is the provision that will lead you to success, and is different from gambling where there is absolutely no element of success in terms of making money.

Nothing will work if you only rely on faith, which means you also need to really have a fighter's mentality, which means having the mentality of never giving up and also having high confidence in risk-taking decisions.

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April 07, 2024, 06:19:41 PM
 #153

The first step to success in life is hard work and the second major step is to take risks. Because we know that staying in a comfortable situation can make life stagnate and deprive us of endless possibilities. As there is a possibility of failure through risk-taking the financial loss can be significantly observed so that a person has to face various challenging environments mentally and financially. But if life is to be moved forward or to the pinnacle of development one must have the mindset and ability to take risks both short-term and long-term. It is through taking risks that a person can succeed in both his personal and professional spheres and the mindset of different types of innovation and creativity will propel himself and the country towards economic development.

Sometimes there are people who already have a job and have enough income so that they can survive and tend not to dare to move forward, such as those who have an income and can manage their finances well, it can be said that they have enough money to start a business but they don't dare because you already feel comfortable in that cycle, even though there is no harm in taking risky actions such as leaving your main job and starting your own business. However, it is better to have a permanent job and have your own business, but maybe the focus can be divided.

It's true what you said, of course to achieve success there must be struggle, including failure, because failure is one of the conditions for success, there is no success without failure, I once saw a motivational video on social media about someone trying to climb the top of the ladder, but he keep falling and getting back up like that. Indirectly, it made me realize that success requires sacrifice first.

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April 07, 2024, 07:25:24 PM
 #154

Nothing will work if you only rely on faith, which means you also need to really have a fighter's mentality, which means having the mentality of never giving up and also having high confidence in risk-taking decisions.
As for faith, it is nothing without works and that's why you need to take risks and have that faith and let all do on its own. Having that mentality of being a fighter means really a lot to someone who takes risks because that gives them the idea that if the result comes out so good, it's all credit to them. But if not, then it's all about the lesson that one can learn from that and it is making that person stronger because he's not scared of taking them.

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April 07, 2024, 07:44:26 PM
 #155

Nothing will work if you only rely on faith, which means you also need to really have a fighter's mentality, which means having the mentality of never giving up and also having high confidence in risk-taking decisions.
As for faith, it is nothing without works and that's why you need to take risks and have that faith and let all do on its own. Having that mentality of being a fighter means really a lot to someone who takes risks because that gives them the idea that if the result comes out so good, it's all credit to them. But if not, then it's all about the lesson that one can learn from that and it is making that person stronger because he's not scared of taking them.
Plans wont really be materialized on the time that you wont really be taking any actions on which it would really be that something that would really be that understandable that if you are really that trying out to
achieve something then you should really work for it because if you cant really be able to make yourself that having that effort then there's no way that it would materialize. Somehow there are really indeed people who are really just that contented on what they do have now even if they are on a state on which they are really just that making money for their food on everyday without even trying out to wish on having that something better then they would really be just simply that idle.

If you are someone who do have those kind of hopes and wishes in regarding on having a better life, then you would definitely be thinking up on what are the methods or ways that you could really be able to achieve such state.It is really just that a matter of on how you would really be taking up such action for you to be able to achieve into those goals that you have set out.
There are ones who are really that finding those methods no matter what.

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April 07, 2024, 07:45:42 PM
 #156

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

Your way through life is always fraught with different risks and your mentality can often be sculpted by how they've been explained to you throughout life. Take finances for example, many people around the world think saving money in the bank is the correct way to live life, but it is an incredibly slow and tedious grind which for long periods of time has paid a pittance in comparison to the returns of the stock market. The stock market is just a collection of different businesses and depending on how you invest your money can be at higher or lower risk. However many people don't appreciate that their pensions are also invested in the stock market so part of their long term portfolio was always at risk anyway.

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April 07, 2024, 08:40:51 PM
 #157

As for faith, it is nothing without works and that's why you need to take risks and have that faith and let all do on its own. Having that mentality of being a fighter means really a lot to someone who takes risks because that gives them the idea that if the result comes out so good, it's all credit to them. But if not, then it's all about the lesson that one can learn from that and it is making that person stronger because he's not scared of taking them.
Plans wont really be materialized on the time that you wont really be taking any actions on which it would really be that something that would really be that understandable that if you are really that trying out to
achieve something then you should really work for it because if you cant really be able to make yourself that having that effort then there's no way that it would materialize. Somehow there are really indeed people who are really just that contented on what they do have now even if they are on a state on which they are really just that making money for their food on everyday without even trying out to wish on having that something better then they would really be just simply that idle.

If you are someone who do have those kind of hopes and wishes in regarding on having a better life, then you would definitely be thinking up on what are the methods or ways that you could really be able to achieve such state.It is really just that a matter of on how you would really be taking up such action for you to be able to achieve into those goals that you have set out.
There are ones who are really that finding those methods no matter what.
The methods that you'll do varies and it's up to you on how you'll materialize with those plans and methods that you've got on your mind as you try to risk. With all of the inspirations about taking risks, they're also helping to push someone who's not good at it and that motivates them that taking risk is essential to gain something that you plan to have. If you don't work hard for it and you're not thinking of the ways on how to change what you've been used to living, there won't be a lot of gain for you.

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April 07, 2024, 09:04:04 PM
 #158

Yeah that's the exact point that taking calculative risks is very important. If you go ahead and take risks without future planning and calculations then you'll end up in destruction. This happens in almost 95 out of 100 cases if you don't calculate what you're doing.

But the sad truth is that we are impressed by the remaining 5 people only. We see them how fast they have progressed by taking risks and then we try to do that  by we fall into that 95 people. We need to be practical and more calculative while investing.
I think many people misunderstand the meaning of taking a chance on risk because what they understand is only that the rate of return on risk is cumulative. In fact, taking risks must be commensurate with the ability to carry out something because otherwise it would be the same as people wanting to bet on uncertainty. If you take risks without careful planning and do not involve knowledge then destruction is something that will happen, because this kind of person has no alternative to solve the problems that will arise along the way.

Innovation and ideas are the culmination of a decision, sometimes we ignore the impact but think more about how to make a lot of money without thinking about the process. Nothing is instant in this world because everyone needs to plan for success in a mature way, it will not be easy to achieve when only relying on risk.

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April 07, 2024, 09:33:16 PM
 #159

Taking a risk is good, but taking a risk does not mean that you are not getting anything and you say that I will make a profit by taking a risk. Taking a risk is not a bet or sometimes that will lead to success or failure. it needs a proper plan, if you don't have a proper plan for your risk, you may get a loss instead of a benefit. Because if you say that I will make a profit by investing straight forward in Bitcion and you don't pay anything at all, it means that you don't have any knowledge about market sentiment, technical analysis, fundamental analysis, and other matters. And despite this, if you say that I have taken a risk and I will organize profit from it, then I think no one can be more foolish than this guy.
 
Taking risks means that you should first inform yourself about these aspects that are part of your work and, after that, make your plan by using it under the possible strategy while at the same time avoiding it. After that, you will be able to say that I have taken a risk on something as volatile as Bitcoin. That is, you should have a strong stance from your side, and then, from the perspective of strategy, it becomes a risk, otherwise, it is nothing but betting/gambling.


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April 07, 2024, 10:12:16 PM
 #160

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

Nothing tangible in this life comes without risk. For survival, to be who you want to be, to sponsor the lifestyle you want you gotta take risk, you have to believe, you have to take part in regardless of the outcome as far as it worth it.  You don't know what might become of it till you have tried, even if you fail give it more trial give it all you got.

The people who are enjoying and living a satisfied life once took risk for that investment, business, companies they have now, they evolve more  than the spirit of fear, a saying goes"  The brave act in spite of there fear", they conquered there fears. And they achieved it, so if you ain't ready for that invariably means you are ready to remain stucked, and live a life of regret and Mediocrity.

Billionaires lose millions to become Billionaires.
Millionaire lose thousands to become Millionaire
People who live on thousands lose hundreds.
While the poor are not ready to lose anything and rather choose to remain stuck, what differentiate is Action.
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