Take calculated risks in investments from "summary" of Rich Dad Poor Dad for Teens by Robert T. Kiyosaki
One of the most important lessons you can learn when it comes to building wealth is the idea of taking calculated risks in investments. This means that you shouldn't just blindly throw your money at any opportunity that comes your way, but rather carefully consider the potential risks and rewards before making a decision. When you take a calculated risk, you are evaluating the potential outcomes of an investment and determining whether the potential rewards outweigh the potential risks. This requires doing your homework, researching the investment opportunity, and understanding the factors that could impact its success or failure. It's important to remember that not all risks are created equal. Some risks are worth taking because the potential rewards are significant, while others may not be worth the potential downside. By taking the time to carefully evaluate each investment opp...
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