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If it is risks with money that you want to take you have to accept losing money. Our attitudes to money run deep and I lost out on making a lot of money in cryp
by quickthrower2 8y ago
If it is risks with money that you want to take you have to accept losing money. Our attitudes to money run deep and I lost out on making a lot of money in crypto due to ‘fear of loss’. On the other hand risk aversion is what keeps the person with $1m from unnecessarily losing it all so there is a balance. You could use a context like “I’ll live in a shared house and save $1000 a month in rent and put that on the share market” to help justify risk, at worse you are swapping one dead money for another.
I also recommend letting go of regret in not investing if you have any. It’s not worth it; move on.
Also being risk averse is not a bad thing in itself by the way.
If you want to stay risk averse and have a chance of getting rich then skilling up and trying small “mvp” style projects is the way to go IMO.
I recommend the free stuff Amu Hoy puts out for a general idea but she leaves a lot of gaps so you’ll need the course. I’d of happily paid for that course but I don’t like waiting lists for stuff I want now so I just started taking action on a side project and learned from experience.