Risk (definition): The possibility of loss or injury.
Risk (example): The chance that an investment will lose value.
The 2 Types of Risks:
1. WAG: Wild Ass Guesses
WAG’s are risks you take, only when you can afford to take a low odds chance, you have nothing to lose, or you just absolutely believe in something.
2. Calculated Risks
Risks you take that come with somewhat of a predetermined risk reward ratio.
It is inevitable that you will have to take some risks to succeed in business, and in life. Know the difference between WAG’s and Calculated Risks.
“Dreams can be had. Goals can be achieved. Questions can be answered. Be open to opportunities!” Michael “MJ The Terrible” Johnson – Founder & Owner – Masters of Money, LLC.
Success Strategies To Rule Your World! – https://www.mastersofmoney.com