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After you decide your attitude toward risk, it makes your planning easier. It allows you to tailor how you intend to become prosperous. Hare or tortoise, I guess.
Obviously, your attitude will vary depending on the project. Things to take into consideration are
If you are going to take risks, then do try to offset them. Take out insurance if you like:
The other thing to ponder is how you respond to the risks of life. Life in itself is risky, and nothing is certain. How do you cope when things go wrong? Are you positive, dynamic, enthusiastic, and up? Or do you get all gloomy and depressed and feel the glass is half empty? Know yourself, and know how you cope and how you respond to changes. And remember that risk doesn't mean bad. It means you don't know how it will all turn out.
Next: You Have to Work Hard to Get Rich Enough Not to Have to Work Hard
From The Rules of Money Copyright © 2007, FT Press. Used by permission of FT Press, and Pearson Education. All rights reserved.
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