How To Take Calculated Risks | S2E10
Description
As you start to amass money in life, your goals shift from accumulation to preservation because there’s only so many times you can restart in life.
Join Daniel and Amara as they explore a number of scenarios to help decode when something is truly risky vs when our perception is just off.
They also talk through a couple of ideas to help serve as a litmus test for assessing the risk involved in a situation or opportunity:
- Does it contribute to my life story in anyway?
- Am I well informed about the opportunity and steps involved? Basically do I have a map or direction to help achieve the expected outcome?
- Am I clear on what I stand to lose? And have I accepted that potential loss?
- Do I understand how it makes money?
Lastly, they speak to pioneers and the people who are at the frontiers of industries - you might decide to apply your conviction and risk tolerance differently because the people who are crazy enough to think they can change the world are the ones who do.
Welcome to 0 to X where we share our successes, failures, and practical lessons that we have gained on our journey to becoming world-class in our different industries. Our hope is that by listening to us, you find something valuable that you can adopt to improve the quality of your life, expand your thinking, and maybe someday join us at the top. Enjoy.
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