Monday February 2, 2015 - Class #5 - Risk

There is NO exam given on this subject.

Delayed Gratification has its risks because of the time period created during the delay. 

During that time period, bad things can happen. Some of these things are unforeseen and could cause the reduction or elimination of the gratification.




How much risk are you willing to take?




4 comments:

  1. Risk is a part of life that is unavoidable. In order for an individual to ultimately achieve their own goals, they will have to risks no matter how small or big the consequences may be. In the end, why fight the inevitable?

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  2. I don't think its more so avoiding the risk but instead making sure that your prepared for whatever risk comes your way. For example with car insurance or renters insurance you don't anticipate getting into an accident or someone breaking into your apartment but its always better to be prepared for the worse. Its better to have it and not need it rather than need it and not have it.

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  3. You have to risk a lot in order to be successful. The more risk the higher the reward. It's all about what you are willing to risk in order to become successful. What are you willing to risk is the question?

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  4. Risk, some are afraid of the word simply because they do not want to step outside of the lines. Others are afraid that the risk is too high for the reward. Either way, a person will never be exceptionally great if they do not take risks in life. Some risks are meant to teach you life lessons. Others are risks that you take in order to bring about great rewards in your life. In business, one must take risks in order to excel. However, these risks that are taken must be done so smartly. One must weigh the outcome versus the amount of risk. If done effectively, the rewards can be very fulfilling.

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