Risk & Reward | The Journey To Financial Growth

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I always give this loud sounding sight as if the world is always coming to an end even ever I joined any financial based conversation, most times I'm always skeptical if I should stay to listen or just walk away but at the end I always stay based because I know I will surely grab one or two advice or experiences. When it come to finance and investing, it is really a risky world, due to the uncertainties that loom around and there is this kind of weight that is somehow placed on us whenever we make a decision financially.

Back in the days, I really know what risk was but I wasn't ready to venture into it, to me it is better to eat my money (food) than to lose it to something I'm not sure about, I'm not sure of what will come out of such decision so I'm somehow skeptical and always ask myself different kind of questions which will give me more reason not to venture into such stuff, until I started ready about investment and how to take risk. I really can't remember what I read that time and I saw the statement " There is risk in not taking risk", this statement was really big to the extent that I had to think about it for a while, there is no way someone will want to be set free financially without taking a risk, even living is a risk and we are actually risking everything up to the decisions we take.

Taking risk have two side, just like a coin, the part which we fear the most (the negative side) which is when we risk and lose it all. I have tasted this aspect a lot in my financial journey, I remembered when I invested with someone who was trading forex, according to him he will trade for us and give us back out capital + interest every month which we can compound with in to earn more, it was risky because I had to use the money I saved up as part of my school fees to run the package with the hope of earning extra cash from it, I trust the guy so I wasn't expecting things to go wrong, did the first month successful and i reinvested both the capital and interest only for us to lose it all the following month, the guy couldn't open up to us so he kept on giving us different cooked up stories till I gave up after finding out he lost everything to trading, it was really painful but as a risk taker, we should always learn to bear the loss.

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The other side is the rewarding part (positive) which can yield more rewards than you even expect, there are lot of project that I have aped into that really paid out well due to well calculated risk. There are lot of rewarding opportunities in this space but if the fear is higher than our taking risk spirit, there are chances we will miss such opportunities if we didn't take such risk. The last bull run was a perfect example especially when NFT really boom out of no where, who else expect digitals pictures/artwork will worth that much, there was this corper guy that snap an old man with his talking drum and just turned it into nft just for the fun of it and he was actually surprised how it played out when someone brought it over 1 eth.

To me, even if a project failed, coin dropped way low in price and didn't go out as planned, they aren't failure to be but a great learning experience, we learn and improve in such situations. A guy narrate his experience to me how he lot thousands of dollars during the bull run after what he brought skyrocket but he decided not to sell with the hope of seeing more profit and in a twinkle of an eye, everything turned to dust, now he learn a lesson to always take profit whenever he can because he is not the one controlling crypto market. We should fully understand that we shouldn't see risk as an enemy but a friend in this financial space.