The Gatherer: The Rewards of Risk
You save for a rainy day. You save for a sunny day too. Heck, you’ll save for any weather, because you can never have enough and it’s best to be prepared, right? You’ve always been the responsible one, never splurging or making that impulse buy because you know it’s wrong. Does this sound like you?
Well, you could be missing a rewarding financial opportunity, if you’re unwilling to take on a little risk.
Set a Little Aside
We’re not saying take all your money, run to Vegas and put it all on black. Far from it. We’re saying you should put a little aside for a “risk” budget. It’s money you can use to take a chance on investments that might be outside your comfort zone.
Use your savings savviness when looking at a new opportunity. Weigh the pros and cons. Look at how you’re spending and saving, and ask yourself – “Am I holding on to this money because I don’t have enough? Or because it represents security?”
Give Up (a Little) Control
You’ve already proven you’re financially responsible, so it’s not like you’re going to do something crazy. It’s OK to give up a little certainty if you might benefit in the future. So be on the lookout for new investing opportunities. And give yourself permission to make some choices where the outcome isn’t 100% certain. Seize the moment! You’ve earned it.