The Experience Of Investing & The Fear Of Risks
I've met people who have been ruined by their investment choices and at the same time, I've met people who became rich due to their choices too, someone like me, stands in the center, I've not been ruined by my choices and at the same time, I have not been made rich by them. This is because being rich hasn't always been the goal, the goal is sustenance in the face of economic and financial challenges.
Sometimes setbacks are part of the goal, this means one can lose $500 In a bid make $1000, it's one step backwards and two steps forward in that ratio. In this kind of ratio, I might never get to that level or status.
In fact, life sometimes requires people to be unconventionally risky, sometimes when it pays off, it becomes a masterclass and these people laud themselves for becoming investment gurus and this is mostly the kind of stories that are being advertised, told or shared in order to motivate others into thinking that aiming at slow-paced growth isn't okay.
Has Your Risks Made You A Lord Or Peasant?
However, I'm someone who is happy with the expected returns from a venture with calculated risks. Living in a country where the advertising, the way of life, the inflation rate is aimed at shifting your financial standings, people are often motivated in a "do-or-die" situation to either becoming rich or nothing else.
Betting is one of those schemes that negates the concept of getting rich slowly. You see, these companies gives you no choice. When you begin to consider them as an option to become rich, they ensnare you with endless possibilities, and it becomes difficult for you not to find a reason not to put your money.
Ponzi schemes in Nigeria was another thing, it trapped so many people and drooped them off the ladder in a bid to climb farther than they can originally go. This reminds me of another show called WHO WANTS TO BE A MILLIONAIRE
On the surface, this show felt like using your knowledge to financially empower oneself.
......But the way it is being anchored is textbook risk and reward, it's carrot and stick approach. Where you're rewarded for winning and punished for losing. However, the way they dangle the carrot gives the participants some certain level of invincibility. Losing is part of everything, but losing drastically is often the result of aiming for outrageous heights.
I remember when I was younger, I used to play snake and ladder with my friends. It was filled with slippery positions. When you throw the dice, the numbers on the dice would determine how much you'd climb on the ladder.
I discovered that my friends could manipulate the dice to get an optimal result and sometimes in their bid to aim too high, they get in slippery positions where they could fail back to a position they had left earlier. To me, the uncalculated risk could take me higher, it might not, it's 50/50, but this is a situation of uncertainty.
Consequences: A Stone Throw Away
A lot of people are comfortable with inorganic growth as a result of unorthodox risks, so they could brag about how they leapt from four figures to seven figures, they consider the growth rate to be something they can't ignore, but the problem is, they hardly reckon with the consequences that comes with these risks. See, there's nothing bad with aiming for balance.
There are times I want to throw everything I own at a project that might seem exciting in the future, but then, I throw in little and chose the situation where I have to be pained that I didn't invest more (that's if the project becomes a success) rather than being in a situation where I would regret losing everything completely.
Let's look at it like this. Sometimes whenever I try to climb, I try to prepare for falls, so that even if situations might arise where I'll fall, I wouldn't hit ground zero, and it would still be possible for me to build again.
The Pain Of Falling Farther Than You Can Rise
It's always difficult having to build from ground zero and that's why it's important to prepare for banana peels. This is because there are essential enablement that allows you to build back when you fall to some certain level, but at ground zero, there's nothing.
This is the reason why it's essential to take risks that are calculated, especially when it comes to investing. People who compound in crypto understands the risks, sometimes, it's all about gut and hope. It's all about having the gut to invest in a project that you can only bank on their whitepaper to make a decision.
However, whitepaper can be a piece aggrandizing and overrated. This is why it's advisable to invest in different places, which is a better way to actually mitigate risk. If you've started from ground zero, you'd have to get to a certain level in life for the fear losing everything to eventually go away. However, if you haven't, let it keep bringing you balance.
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@Josediccus, your brother-in-pen & heart
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