Calculated Risks vs Blind Risk - To Make Money

I am prime example of person who takes calculated risks. And that means I have to be extremely calculated with what my every step does to the life in general.

I have taken some risks which are both blind and calculated where my calculated one made more sense.

I feel that people who take blind risk celebrate more and also often are more happy. yet they at some point start paying for the consequences of their action. And not all the time it's worth being in their shoes.

So how does the calculated risks work? How do they make you happy and how doing too much of it make you miserable? When not to calculate too much?

Know When to Take Risks by knowing Your Backup

You need to have a strong backup if you wish to take some risk. You may want to understand that taking risk can be done with some sort of the efforts. But those efforts require you to have some sort of the backup.

Taking blind risk helps but when you have more dependent people in family around then you should have a strong backup. You need to take risk the right way and avoid thinking blindly knowing the backup needs to be there in some time.

Backup is a necessity, even if you don't have dependents. Some of the time you have to understand that risks can get difficult in most of the cases. So when you take the backup the right way and risk can get reduced.

Know When to take risks when you have nothing to lose

Sometimes you reach a point where you don't take risk. And the reason you have to take risk is because you end up in a place where you have less things to worry about. Most of the time such place never comes in life of people. Lets thank god for that.

When you have nothing to lose. You start to take the risk slow and steady way. You have to understand that when you take the risk the right way, things improve in our life. It takes a lot of time to understand that calculated risks don't work in this time.

I personally make sure to take risk in either way. Just make sure that you don't end up in the times where you feel like you have nothing to lose and nothing to work upon much. That's something you have to plan for.

When to take risk when you want to make progress

You need to take risk in order to make progress. Some of the time you have to understand that taking risk is one thing you have to think. Because unlike the times when you don't take risk yet life goes on. You have to take risk to grow.

So the point to make here is that you have to plan growth and then take risk along the way. You have to slowly make the progress and then take one risk at a time and then build upon the overall compounded growth.

Progress can be built without risk too but that would be dependent risk and something like that can't be grown. You have to plan that risk in order to grow from this point onwards.

When to take risk when you lose everything

Let's say I lost the job. That means I have to take risk. I have to find new places for finding the work. This also means that losing everything often pushes us forward for the work and that means you have to take risk at that point.

When you lose everything you understand what not to do. You then plan your blueprint where you are tracking small things and then learn to take risk the right way. That's something I have learned from my experience.

Learn to find out the path so that way you can find the final goal where you can take risk to reach the point. This is something you learn to do when you are learning in deep of the risk. So one has to learn to do this with experience.

What do you think?

I think when it comes to planning your way around the risks, you have to understand when to take them and when to avoid them. And this comes in with the practice of our life.

What is your opinion on taking the risk? I'd appreciate your comments. :)