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Taking a risk when you are a teenager or twenty something is easy. You have no cares and no real recourse if you fail. Actually people expect that age group to take a lot more risks than people who have matured into their thirties or beyond. After we “grow up” we are supposed to rely on our job, with our HMO and 401k for security. We are supposed to settle down and just fit into those decisions we made as teenagers or twenty somethings to become something we hate at thirty or forty.
Chances are if you scrubbed the 401k and HMO and began learning to invest your money you could make more of a return and start living off what you invested. The problem is that the majority of people will complain about their job, their health care, and 401K, but never do anything to change it because the refuse to take a risk.
Helen Keller said, “Security is mostly a superstition. It does not exist in nature, nor do the children of men as a whole experience it. Avoiding danger is no safer in the long run than outright exposure. Life is either a daring adventure or nothing.”
Think about the 9.7% of the American population that relied on their “job” for security. Right now if the unemployed had just a couple of other income streams or had learned to manage their own money better we would not see so many foreclosures and bankruptcies.
Do you know how to invest your own money, or take care of your 401k so it does not lose all its value. Take the risk and learn to manage your own money, I use Investools (I get no money for telling you that). While they do try to get you to upgrade their service, their basic service is fine, and the introductory class is great to help you get started managing your own money.
What can you do better than anyone else. What little thing can you do on the side that will help you start to make an alternative income. Take a risk and start your own side business or find that job that you have always wanted but keeping up your current lifestyle won’t allow. If your house is to big for your job, take the risk and get out of the house. Downsize to something you can afford.
Don’t stop taking risks because it is what someone your age is supposed to do. Take a calculated risk and plan your steps so the risk is manageable.
Sensei Matt, you are successful because you took a risk. Even if that risk had failed I am sure you would have learned and taken another risk. Those who risk succeed eventually.
I took the risk at 35. Changed careers and even countries. Never looked back. You must follow your passion and have no fear about pouncing on an opportunity when it arises. Otherwise, you will always wonder what might have been….
SenseiMattKlein´s last blog ..10 More Lessons Learned from the Karate Kid Movie
SenseiMattKlein´s last blog ..10 More Lessons Learned from the Karate Kid Movie