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Take calculated risks to grow your wealth from "summary" of Start Over, Finish Rich by David Bach
Taking calculated risks to grow your wealth is a fundamental concept in building financial security. Many people are hesitant to take risks when it comes to their money, but without taking some level of risk, it is difficult to achieve significant growth in your wealth. It is important to understand that not all risks are created equal, and the key is to take calculated risks that have the potential for high returns. When it comes to investing, there is always an element of risk involved. However, by doing your research and making informed decisions, you can minimize the level of risk you are exposed to. This means diversifying your investments across different asset classes, industries, and geographic regions. By spreading out your investments, you can reduce the impact of any single investment performing poorly. Another way to t...
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