I know this topic has been discussed many times. I kind of like to bring this up to see how other members adjust their mindset to take risks.
I don't think I am a good risk taker at the moment. I do believe many people have the same mindset problems, especially when we are getting older. I think I was a better risk taker when I was in high school with no money. I did many crazy things without thinking. Now the more I think and more money I have, the more hesitation I have.
I always mix the risk and money together. I always evaluate how much money I will lose or how much time I will waste if I take certain risks. At the end, I did not lose any money, but did not gain anything either. That kind of thinking is killing my progress. I know doing research before taking risks will lower the chance to fail, but I often spent too much time on research and end up doing nothing. I did, however, take action and invest high risks stock and end up lost everything without doing more research.
I did a little Googling about how to take risks. Here are some of the great articles that I want to share.
How To Take Risks » The Definitive Self Improvement Blog - BrianKim.net
Becoming A Risk Taker | LIVESTRONG.COM
Leadership: Willingness to Take Risks | Learn This
Taking Risks: How to Take Calculated Risks to Get Ahead in Anything
I would love to hear your opinions on how you handle risk taking. How do you measure your outcome and calculate your investment before taking the risk?
I definitely know what outcome I want, but I am uncertain how much effort I have to put in. It's not like putting money in the CD account. You can calculate the outcome in advance.
I need a big hammer to hit on my head! :smash:
Thanks in advance.
I don't think I am a good risk taker at the moment. I do believe many people have the same mindset problems, especially when we are getting older. I think I was a better risk taker when I was in high school with no money. I did many crazy things without thinking. Now the more I think and more money I have, the more hesitation I have.
I always mix the risk and money together. I always evaluate how much money I will lose or how much time I will waste if I take certain risks. At the end, I did not lose any money, but did not gain anything either. That kind of thinking is killing my progress. I know doing research before taking risks will lower the chance to fail, but I often spent too much time on research and end up doing nothing. I did, however, take action and invest high risks stock and end up lost everything without doing more research.
I did a little Googling about how to take risks. Here are some of the great articles that I want to share.
How To Take Risks » The Definitive Self Improvement Blog - BrianKim.net
Stop thinking of risk as just a one shot do or die situation. Instead, start thinking of risk as a journey of exploration.
Go on a journey of exploration and focus on your desired outcome. Don’t focus on consequences.
Go on a journey of exploration and focus on your desired outcome. Don’t focus on consequences.
Becoming A Risk Taker | LIVESTRONG.COM
Leadership: Willingness to Take Risks | Learn This
Taking Risks: How to Take Calculated Risks to Get Ahead in Anything
I would love to hear your opinions on how you handle risk taking. How do you measure your outcome and calculate your investment before taking the risk?
I definitely know what outcome I want, but I am uncertain how much effort I have to put in. It's not like putting money in the CD account. You can calculate the outcome in advance.
I need a big hammer to hit on my head! :smash:
Thanks in advance.
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