HOW TO TAKE A SAFE RISK

A few days ago to the news that MMM, one of the money making schemes that cropped up lately has frozen took the internet by storm. A lot of people who didn’t join went into ecstasy, believing it has crashed and also took time to mock those whose accounts are frozen after they have put money into it, waiting to be rewarded after a month as it is been done.

However, I see a lot of wrongs in the right of those who didn’t join and much more wrongs in the rights of those who joined without calculations; those whose motivations are just the gains, so much that they didn’t see the terms and conditions of the scheme worth considering. These are the set of people that will lose their monies if the scheme eventually folds.

The purported crash of MMM made champions of those cowards, who loves to live in their comfort zones  and hate taking risks, calculated or not; those that have become too important to make money or be involved in such acclaimed lazy and easy way of making money.

It has given them more reasons to remain in their comfort zones and live in the illusion of being safe and perfectly secured.

It has also convinced those who are unwilling to take such risks that their decision is right.

Talking to a lady, who had registered ICharity Club under me, but didn’t pay until the news broke out. She backed out saying. “Who knows this might crash again, an economist like me should not lose my money in such manner, perhaps I can work to get whatsoever I want.”

Of all she had said, nothing was more annoying than her last claim of her ability to work for her money.

That was not only contradicting, but an evidence of ignorance; lack of desire to make money and inability to differentiate between working smart and working hard.

In conversation with another lady, whom I had shown how I earned 100 thousand naira within just one month of joining iCharity Club and also stated that the worst she could lose is just 6k. To my surprise, she didn’t bother to check the possibility of making 100 thousand naira in a month just like I did; she said “you are sending me this so that my money can freeze like it was in MMM? You mean I should lose 6k in this recession period?” That says a lot about her poor mentality inspired by want of perfect security and inability to take risks.

Truly, if taking risks guarantees success, then all those that plays sport bet & lotto will be the richest in the world, because they take risks every day, but it is not just about taking risks. Success of any risk taken depends on how well calculated it is by the taker. This is the major difference between risk takers who became successful and those who didn’t make it.

Calculating a risk before taking involves looking at the terms and conditions of the risk taken, how manageable they can be whether you lose or win.

In every risk taken, calculated or not, there is always a possibility of failure and winning, most times the possibility of failing could be more vivid than that of winning, this is why it takes thorough calculations and paying attention to the terms and conditions of any risk taken. Nobody wins any endeavor in life without taking the risk to try first. There is no reality such as nothing for something.

For you to have the slimmest chance of winning, you have to try first.

It is true that those who take risks without proper calculations stand a higher chance of losing out, but they also have an equivalent chance of winning and are better than those who did not try at all. Calculating a risk does not mean not taking it, except your calculations made it clear there is no chance of winning, but if there is the slimmest chance of winning, it is smarter to opt in and be extra calculative, paying attention to details, than not trying at all and creating more reasons not to take it.

World changers are not those that love their comfort zones and castigate those that take risks, world changers are those that goes against all odds, forgoing their comfort zones and taking the risks involved in achieving their goals. Funny enough, most of these folks did not have their risks well calculated, but history is evident that they fair better than those that refuses to take risks. Their names are remembered for this risks they took, whether they win or lose, but the comfort lovers have their names died before them.

For as many that took the risk to join MMM, I congratulate you.

I am not congratulating you for joining MMM, whether you win or seem to lose, but I am congratulating you because you have the mind of the world changers; ability to take risks and that makes you a potential world changer, if you invest this same mentality in personal development, politics, businesses and speaking out against injustice and corruption, not just for selfish gain. No man has become a world changer or regarded as one, for fighting for, or taking a risk for the benefit of himself alone.

However, in taking a safe risk, especially in business, I will like to urge you to be calculative, pay attention to the details and understand the ambiguities. All of these will help you come out winning and if not, you won’t be so hurt like when you didn’t calculate your risks.

Do not be greedy, looking at the gains alone, also devise a way to avoid the possible loss; despite you are involved. That’s what smart risk takers do.

Remember that if your desire to be rich overshadows your sound reasoning, you have a higher chance of becoming even poorer than you really are. No man has become exceptionally rich without proper reasoning and if there is, no man has been able to retain such riches.

To be successful, you have to take risks, but to have a higher chance of becoming a victor of your risk; you have to be very calculative.

Thank you.

Written by Soul’e Rhymez

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