Risk is proportional to time and resources. If you have a lot of time, then you can recover from a risk that doesn't pay off. You can afford to risk more if you have a lot of money. #fintips
Risk is proportional to time and resources. If you have a lot of time, then you can recover from a risk that doesn't pay off. You can afford to risk more if you have a lot of money. #fintips
Yes, if we have any of the two leverages, we can take more risk and recover from it relatively soon if it doesn't work out well.
Exactly, you get it.
many of us who live paycheck to paycheck cant afford to risk our money for the long term, but this is the way to get rewarded actually!
Hmmm. In a distressed situation, I'd be wrong to suggest you should moonshot or lottery ticket any meagre savings. First priority is establishing an emergency fund - which can be in near-cash equivalents. Anyway, have an upvote.
Great way of looking at it.