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Take calculated risks from "summary" of Manage Your Money Like a F*cking Grown-Up by Sam Beckbessinger
When it comes to managing your money like a f*cking grown-up, one of the key concepts you need to understand is taking calculated risks. Now, let me break it down for you. Taking calculated risks means being willing to step out of your comfort zone and make decisions that have the potential to bring you greater rewards. It's about understanding the risks involved, weighing them against the potential benefits, and making an informed choice. But here's the thing - taking calculated risks doesn't mean being reckless or impulsive. It's not about throwing caution to the wind and hoping for the best. No, it's about being strategic and thoughtful in your decision-making process. Before you take a risk, you need to do your homework. Research the potential outcomes, consider different scenarios, and assess the likelihood of success. Think about what you stand to gain...
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