The Secret to Wealth
It may sound simple, but it’s the truth! That does not mean going off a plane and doing freefall for the first time without a monitor, without someone to guide you. This is not to say that you should bet everything you own on a coin or face. I’m talking about taking calculated risks. When you find an opportunity, enter it. Whether it’s your personal life, an investment, your career or your business. Think again and again in your life where you have a choice to make, a decision to make, a chance to seize. How different would your life be if you had not made these choices?
In my case, my life would be completely different from what it is now. Many things that I would have thought impossible or difficult for me ten years ago, I do now every day. If you always follow the path of safety and you do not go out of your comfort zone, that you do not take risks, in the long run, you will surely pass by full of opportunities, see a life of which you had dreamed. You will not blossom and you may have the feeling of having missed something, of being out of touch with your life.
Take risks
We will have to start making bets. No, not bet everything at once, but make small bets and many. If you want to invest money, start by investing up to 5 to 10% of your savings. Start and try to create this business, this idea that has been in your head for a while, after hours and see what happens. Do not spend all your time there. As for a swim in the sea, start by just soaking your toes to see if the water is good.
These are not really bets in the traditional sense of the word. They are rather investments in time and/or money.
Why do some succeed and not others?
As serious investors, I suppose you study the risks when you have a financial investment, real estate purchase or business idea before you start. So why do some people get started and some do not, why does such an investment seem risky for one person and not for another? Well, sometimes that person does not have enough expertise in the field in which they invest and they do not understand what they are about to do. She does not understand the risks or assesses them badly. Nevertheless, some succeed. Why? Because they were lucky. On the other hand, other people are competent, have understood and assessed the risks but fail.
The person who is lucky rarely succeeds in the long run. Over time, their luck will turn, and their bad decisions will make them lose money. What they will win on one side through luck, they will lose another because of their incompetence. In the end they return to the average. A person with skills may not succeed at first, but in the long run, she will succeed. Some say to succeed you need luck. It’s true but not exclusively. Success comes from hard work.
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