The Relationship Between Taking Risks And Wealth.

The biggest risk, they say is not taking any risk. The most successful and wealthiest people on the planet are known to be risks takers and most of the biggest brands, companies and technologies today won't exist if their founders, creators and inventors didn't take some risk.

Taking risk is simply the act of tge taking some decisions or actions that may involve danger, loss, uncertainties and some risks in order to achieve a goal. The outcome of taking a risk isn't speculated and predicted, but no one truly knows what could happen and that's why taking risks is sometimes regarded as catastrophic by some people. However, taking risks is associated with success and as well as almost every single business in existence involved some kind of risks at some point.

However, taking risks in this context isn't the same with gambling and making blind rash decisions. The risks here are calculated and are deemed worthy of giving a shot. I remember how many ponzi schemes back then used "risk taking" to lure their victims becaushey recognised that people acknowledged the fact that taking risks was all they needed to become successful and wealthy, but their victims really didn't take calculated risks or did their due research before "investing".

Taking risks creates the opportunity to learn and become better. If the decision went well, then it was a success, but if it didn't, then there's alot to be learnt and the individual taking the risk would add that to their experiences.

Taking Risks also bring forth innovations and creativity. No one really knows what could happen when taking a risk. The action most likely hasn't been done and there are chances of both failure and success. Success births innovations and innovation is an important recipe for the growth of any business and the building of wealth. Failure also yields innovation by cancelling out a method which wad thought to have necessary for success.

With every passing day, I keep understanding the importance of taking risks and the ripple effect it has on our lives . We really can't get in anywhere in life or achieve our dreams without taking risks but then, we must be cautious and careful of the risks we take.