Scared Money Makes No Money: Are You Sure About That?
Have you heard this phrase before? Did that give you the motivation you needed to almost gamble all your money away? This is usually the thing we say to ourselves before pouring in all our money into something that looks like a bad decision, don’t worry you are not the only, I have also done the same thing. One big rule about investment is always remember to protect your capital. Your capital is very important, because saying this phrase and jumping into an investment afterwards sometimes makes you lose the money. When saying this phrase, scared money makes no money be very sure that you are making calculated risk.
Risk is absolutely necessary in trying to achieve financial freedom, lots of people that have made a lot of money did so by taking risk. But it’s easier to take risks when you have a safety net, when you have a solid sustainable safety net then saying the scared money makes no money phrase and acting upon it will be great. Because if we are being sincere and transparent towards money and life, if you are too scared to take risks and invest you might never gain that financial freedom you are looking for. Just like I envy some of those people who took the risk of investing NFTs during the early stage when I was thinking NFTs are ridiculous and don’t worth my time and money. While being scared and thinking it was a waste of time and money, some people were piling up profits and making a lot of money from it. Yeah I am with my scared money wishing I had invested.
Just as I am here with my scared money wishing I had invested, some people were unlucky and lost their money in the process. So how calculative can you be? Sorry that’s just the play of life, this is where risking money you can afford to lose comes to play. You have to risk money you can afford to lose so if you lose it, you can live to risk another day. So scared money is actually scared for a reason.
Posted Using InLeo Alpha