- May 28, 2013
- Posted by: Fola Daniel Adelesi
- Category: Uncategorized
One of the most interesting things about people’s financial habits is that some want to hold unto more money and expect that the money will keep increasing. If you will ever make more money you have to learn how to use a part of what you have to get more of what you want. That’s why some people will say that it is money you will use to attract more money. The refusal of many to take a financial risk is one of the reasons they may never get the take home pay that will take them home. Learn the fact that everything in life is a risk and you must learn to choose which risk you are going for.
You cannot refuse to take a risk and have a great life. You cannot refuse to take a risk and expect your money to increase. You must move with people who understand taking risks in the financial sector or be willing to take a business risk. I know it is a risk for you to put your money into something knowing it may not come back and it may but you still have to take that risk. You can say because there is a risk out there you will not take any risk.
Take that risk of starting a small business from the little you earn and let the business grow gradually. Take that risk of investing in real estate. Start paying for mortgage or buy a land and start building. One day your risk will continue until it becomes and asset and then you can make some money from it. What on this earth do you think is safe? So why would you not want to take a risk.
Some people have said they do not like taking risks and it has not been said that not taking a risk is already a risk. If you choose to hold unto your money rather than invest it, what if thieves break into your house? If you keep all the money in the bank thinking nothing will go wrong what if the bank liquidates? Some people took risks and started something by the said with what they earn and today they are enjoying the result of that decision. Some others took the risk of taking insurance covers and they are enjoying their policies today. I would rather take a risk with companies that can be dragged to law courts and my money will come out rather than taking the risks with people or businesses that cannot be sued if I want to play safe. The important thing is that you must be taking some form of risk instead of just sitting down and not taking any risk.
There were those who put their money in the financial markets and they recently lost some money so that may sound like a good reason for some others not to choose that kind of investment but what about those who make money from it? You sometimes have to weigh your choices when taking a decision but don’t just look at the bad side alone and then conclude that it is something you must never do.
If you are willing to ensure that your take home pay truly takes you home then you need to begin to consider taking some forms of financial risk either by starting a business or putting your money in other people’s businesses. If you choose to invest in other people’s businesses, make sure it is well documented and that your papers are valid.
Whatever you do, make money and multiply it by taking some risks!
Fola Daniel Adelesi
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