Join 76,352 users and earn money for participation

Risk Management

17 40 boost
Avatar for Brilliance
Written by   135
1 month ago

Understanding the need for a certain level of risk that can be taken at a certain age or certain level of time, especially judging from the responsibilities at hand is paramount to our living. You must agree that some risk we take would make us look as highly irresponsible cause of the repercussions if it doesnt pull through. While we were younger and more dependent, we had people who really didn't care on how we spent our money, our parents tried to bless our wallets, oh even if they didn't, they still took care of the home needs, leaving us with the luxury of do what you like with your money, we would be fine, not because they had enough though but because they needed your full concentration on studies and grooming up to be a better person in the society.

Apparently, few of us still earned at that point, many young adults are open to earning opportunities and fewer responsibilities, no wonder you could take their girlfriends out or buy gift items for your boyfriends, its indeed a time our ties weren't choking up our necks, it was the best time to embark on taking crazy risk. Yes I mean it, from teenage age up to your late 20s where you are still unmarried, likely not ready for marriage as a guy, or still young in marriage as a lady, it wouldn't be a bad idea to put that money in something so daring, an investment you feel would work out well and yield greater returns in the future for you. It wouldn't be bad.

However guys, no time is a best time to waste your money, so when we want to take risk at anytime, be it young or older, ensure your risk are well calculated and studied, don't say well I'm young and I can take risk now, so let me close my eyes to the fact that this business is looking shady and invest anyways, learn to deep investigate. Learn it from the beginning, treat your money like gold at all times however when it looks like it is not so bad to dive in, let go of the good, it might just be refined and brought up to you in a more pleasant and costly worth. We have seen people waste crazy amounts on something we see clearly that would have been unproductive, then when a better opportunity arises, they are left with little to utilize the chance.

No matter how many seeds are with a farmer, he must look for the best available soil to plant it, he wouldn't say I am wealthy so let me plant on stones or on clay just for trial sake, moreover I'm young, such unwise decisions could have been used wisely and enjoyed as a bigger profits in the coming days to come. Same goes to us, if it's not looking profitable learn to save, rather than waste, safe and store for a better opportunity, and if that crazy idea that was not looking like it eventually turns to be profitable, still you shouldn't beat yourself up, you did your research and it wasn't smart to jump on it, well now you've learnt and can act on that for a next time. Some could place a very little amount to try out those crazy risk, Cause of uncertain reasons like this.

Now there are times you know very well the detriments of parting away with a sum that could be used at home for something more useful, all because you feel there is a better business opportunity. Imagine using your child's fee to stake on a risk that is dicey, the probability of iy turning out positive to you is so low and yet cause your inner mind feels like it's going to turn out well, you have this strong feeling so why not, you still went ahead, with the fee of your child, or maybe the money meant to feed the family for some time. Did you think what could happen if it doesnt work. Can you bear the thought of not having to feed, or your kid not being able to school all from a one minute decision you made. So not right.

Need I say that gambling is bad, as much as some would call an investment as another form of gambling, I'll disagree a little, some investments can't be tagged as gambling while some would. For instance, over time we have seen the productivity of agriculture on livestock increase in revenue, as well as other trades involving buying and reselling, or real estates, if I choose to take my money and dive into one of this aspects, maybe it requires me affiliating with one of the prestigious firms which has overtime proven rewarding, automatically I have a higher chance of seeing my profits, cause all this being equal, the expertises are capable, the line of business is very practical, intact I can sleep well at night, knowing i did right.

You really won't catch me saying I gambled with my money, someone might ask about the crypto market, yes overtime we have seen it make some people happy while it has made others run far away never to deal with crypto anymore. I'll say it's best we study whatever we are planning to jump on before actually jumping. No doubt the crypto trade is one of the most profitable in the last few years, in fact it has so increased in the numbers of dealers that the economy can no longer blind itself to the fact of its impacts. It's not enough to hear your friend talk about how he made a fortune off BCH, or ETH, so you feel it's that easy, without knowing the place of patience, the place of buying the dip, the place of holding your ground, you might just miss it all. So study for yourself, yes its productive but the question is how much do you know about it.

So if you're still so young and not having someone expect a lot from you, I guess you're liable to see how best your money can go round to multiple for you. In other news, if you husband isn't so much into your income as he settles most for everyone you too could see ways to multiple that cash, moreover when the profit comes do well to share it the home.

When the responsibilities are crazily much, and there are so many eyes on you, with so many hands stretching out to you, it's no joking time, you have got to be more considerate in your spendings. However you can't stop to take a business opportunity by its head, but this time not as careless as a younger you. It has got to be well studied and seen to be profitable, it has to be agreed within you and your spouse, well two are now joined as one, you might need a understanding person should there be a waiting time.

It's called risk cause it offers a bigger portion but it isn't sure, so are you ready to lose that money, are you sure you won't be considering suicide should that risk taken go wrong. Maybe has not been able to bear the loss and have become miserable, some get drunk, others finds other means to get back what they lost and that means are often illegal, some just dive into depression, constantly thinking and wishing someone stopped them from making such decisions, so are you prepared, how ready is your mind. Understand the risk, study it and see if you are good to go.

Thanks for taking time to read through, I really hope someone catches my outpouring on this, stay brilliant guys. Do not fight to like, comment and subscribe. God bless you all.

Sponsors of Brilliance
empty
empty
empty
empty

9
$ 5.79
$ 5.77 from @TheRandomRewarder
$ 0.02 from @Greatwolfman
Sponsors of Brilliance
empty
empty
empty
empty
Avatar for Brilliance
Written by   135
1 month ago
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

Just unfortunate that I didn't have this kind of luxury life when I was young. Yes it's good to take risk because it shows how capable you are to handle sucess and losses, which determines our future. Nice write up👏

$ 0.03
4 weeks ago

Thank olawale, indeed not all had such luxury. But we are good all the same, keep up the energy.

$ 0.00
4 weeks ago

Yes thank you and you too

$ 0.00
4 weeks ago

You're very welcome.

$ 0.00
4 weeks ago

Thank you

$ 0.00
4 weeks ago

Indeed a brilliant piece of writing it is! Sometimes, taking risk is a good thing because it increases your chances of getting success than no to take risk :) Keep writing good articles

$ 0.03
4 weeks ago

Thanks for such beautiful comment Avias.

$ 0.00
4 weeks ago

You truly deserve it brilliance

$ 0.00
4 weeks ago

Thank a lot.

$ 0.00
4 weeks ago

Taking a risk to something is not that simple and you cannot guarantee that you can achieve what you desire/s, but whatever it is, same goes for me, we should really prepare for its outcome. :)

$ 0.00
1 month ago

So right, you can't guarantee its success, but some are really worth the shot. However let the mind be ready.

$ 0.00
1 month ago

I believe everything we do in life involves a certain amount of risk, but we can't let fear of failing prevent us from making progress, sometimes even after intense calculation towards risk management the guarantee of success isn't still encouraging but there is no way of finding out if you are going to be successful or not if you don't try, regardless of age

$ 0.03
1 month ago

That's right, regardless we have to try, we would never know if we don't try, so risk are good but must be carefully exploited.

$ 0.00
1 month ago

"Take every risk, drop every fear" but when you take a risk be sure to brace yourself for empact. Taking risk will either be exchanged by triumph or fall but whatever it is, make yourself ready for the outcome.

$ 0.03
1 month ago

That's so right, it might just be a bumpy ride, do well to stand firm and hold your ground, also keep your mind prepared for whatever be the outcome. Life continues.

$ 0.00
1 month ago

Everything has its risk,but it is up to you to study and learn to reduce risk especially in Trading crypto!!

$ 0.03
1 month ago

Yes, risk are associated with most and almost all forms of business. We must learn to reduce it.

$ 0.00
1 month ago