Let’s talk about risks. Risk measures the uncertainty that an investor is willing to take to realize a gain from an investment.
Risky behavior is everywhere. “Risk is an unavoidable constant of life, so your focus should be on taking the right kinds of risks that offer the right kinds of opportunity,”
If you ever want to achieve the life you have always dreamed of, you will have to start taking positive, calculated risks. It is absolutely necessary to take chances to achieve anything great in life, however many are scared to take the initial leap.I think there?s a difference between a gamble and a calculated risk.
Some questions to ask yourself: Which risk is worth taking? Which risk would impart more meaning and Happness to my life? Which risk would pay off more in the long run?
Know that failure is an option and come up with a plan on how to handle loss. Being mentally prepared enables you to make positive risk-taking decisions without fear of the unexpected, which can be the most crippling component of taking risk.
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