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To be clear I'm specifically talking about income earning risks, rather than say physical risks. In those terms, if you're young and you do something high risk
by doctor_eval 3y ago
To be clear I'm specifically talking about income earning risks, rather than say physical risks.
In those terms, if you're young and you do something high risk, and you lose all your money (or just spend 5 years not making money), you still have plenty of time to recover and make enough money to be comfortable when you're older.
But, by definition, that's not true when you're older.
- aleph_minus_one 3y ago> In those terms, if you're young and you do something high risk, and you lose all your money (or just spend 5 years not making money), you still have plenty of time to recover and make enough money to be comfortable when you're older. The counterargument to this was exactly a point of my reply: if you are not able to recover, there exist less years in which you have to live poorly when you are older. A little bit macabre, but true.
- doctor_eval 3y agoIn my case it’s not just me who will suffer, but also my family. I’m just not wired to make a risky decision for them.