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How Much "Risk" Are You Willing To Put On?

by LastingLifeSuccess
15 replies
Studies have proven that most of us experience the fear of loss as a much stronger motivator than the desire for gain. Living life in an overly cautious manner can be limiting, while on the other hand, taking on too much risk can also throw you a curve.

The answer to this dilemma of the fear of loss being stronger than the desire for profit lies in the way we approach the game: There is no reason why a person can't incrementally increase his risk on a daily, weekly, monthly or yearly basis. Nothing big is required. Only small risks taken collectively over time is all that is required to build enormous confidence.

This practice is like "doing fear things first". Every time we approach a fear task we are dipping our toe into the uncharted waters of "risk". This is a good thing and should be encouraged by all sincere marketers no matter the niche, style or success.
#put #risk
  • Profile picture of the author nik0
    Banned
    I start to feel a bit uncomfortable when I have to invest more then 25% of what I have, I think the % will degrade by the more you have.

    If I would have let's say 1000 euro I would comfortably invest all of it. When I have a million I would already feel less comfortable with investing 50k I think, unless it's into something where I'm 1000% sure that it makes it money back.
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  • Profile picture of the author Odahh
    from the reading i have done most wealthy people manage risks better than most.. we all take risks we just don't manage risk well .

    do you manage your risks or do you put others in charge of managing your risks .

    for a long long time it was virtually with risk to give money to bernie madoff .. or work for an american auto maker ..
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  • Profile picture of the author hardraysnight
    Originally Posted by LastingLifeSuccess View Post

    Studies have proven that most of us experience the fear of loss as a much stronger motivator than the desire for gain. Living life in an overly cautious manner can be limiting, while on the other hand, taking on too much risk can also throw you a curve.
    what a pity studies are often far removed from practice

    practice is what matters not theory

    life is a risk
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  • Profile picture of the author wrcato2
    As a business owner every day is a risk. A bigger risk is taking the day off.
    Eat your frog!
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  • Profile picture of the author svetod
    Most people get scared at around 1-200k per year, and switch their focus from growing from where they are to protecting what they already have.

    The best way to fail is to wait. The 2nd best way is to relax as you believe that you've already done more than enough.
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  • Profile picture of the author Sweersz
    The risk of being successfully sued is a big one too. One must know the law like the back of their hand.
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    • Profile picture of the author Odahh
      Originally Posted by Sweersz View Post

      The risk of being successfully sued is a big one too. One must know the law like the back of their hand.
      most legislatures are filled with lawyers ..whos role it is not to really help the people ..but to make laws that only other lawyers can understand ..

      we are probably breaking some laws right now ..the biggest risk is giving someone a reason to figure out which ones .
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      • Profile picture of the author LastingLifeSuccess
        Odaah, . . . I like your take in that last post. It rings true. Of course it is not fair in the balance of things, but it Is the way it Is. And, of course one can rail against the machine it and it alone understands, or one can accept things as they are and be blissfully aware that the Beloved Is What Is. And, of course to her we bring about our attention and graceful bearing and, . . . bow. Bow to her wishes no matter how much we would fight. Then we are free!

        Thanks,

        LLS
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        • Profile picture of the author Odahh
          Originally Posted by LastingLifeSuccess View Post

          Odaah, . . . I like your take in that last post. It rings true. Of course it is not fair in the balance of things, but it Is the way it Is. And, of course one can rail against the machine it and it alone understands, or one can accept things as they are and be blissfully aware that the Beloved Is What Is. And, of course to her we bring about our attention and graceful bearing and, . . . bow. Bow to her wishes no matter how much we would fight. Then we are free!

          Thanks,

          LLS
          the reason we are in this framework of reality we are in is not to fight it ..and not even to accept it.. but to understand why it is the way it is ..now a truly free person does not need anything outside themselves to change ..for them to have joy on the inside ..

          are you really seeking freedom or are you just trying to upgrade to a more comfortable cell of your own desires .

          this post is about risks ..considering the facts skydiving when taking all the precautions ..is less risky than walking home from the bar if you are drunk .
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  • Profile picture of the author historial0racle
    I don't like take risks. I like to set aside a saving amount and only invest say $1000 or so.
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  • Profile picture of the author Odahh
    you are at more risk of drowning in a swimming pool than get bitten by a shark ..more people die on beaches from falling coconuts every year then get attacked by sharks ..

    when it comes to risks the riskiest thing in not to grasp the actual level of risk .

    i pay a lot of attention to food now and the system has you scared about all these fats carbs sugars cholesterol ..salt ..protiens ..and all this stuff that it is a vital part of the diet ..so it is risky to eat ..

    but when was the last time the system said anything about all this stuff now being put in food .so that eat can't be digested properly .it is still considered an elitist thing to worry about about that .
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  • Profile picture of the author AlexGeorge
    You can't succeed without taking risks, although you need to be sensible when taking them and be able to justify your reason for doing so. It gets much harder the higher amount of money on the line, but also becomes tempting because of the potential return. To succeed, one must take risks but make sure it is a wise, well thought out one and not just a stab in the dark.
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    • Profile picture of the author Odahh
      Originally Posted by AlexGeorge View Post

      You can't succeed without taking risks, although you need to be sensible when taking them and be able to justify your reason for doing so. It gets much harder the higher amount of money on the line, but also becomes tempting because of the potential return. To succeed, one must take risks but make sure it is a wise, well thought out one and not just a stab in the dark.
      at a certain point ..to get a large amount of money involved you have to deal with other peoples money ..and the only way to do that is to identify the risks to the best of any ones ability involved ..and show you have the ability to manage them .

      before you ask for money ..ask the people you may borrow from what risks they think there are you are missing.
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  • Profile picture of the author Fanton
    Everything in life is risky. You cannot be certain about everything, which means you essentially live by faith that tomorrow will be better than today. I don't know whether to call that faith or hope! I think understanding that there is risk in everything lets you get prepared about any uncertainties that may befall you.
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