People like financial freedom because it provide an opportunity to live tension free life. A life where you have no tension of earning money. It is a fact that we all humans need to earn money to meet our basic needs. Unlike, machine human body needs rest as body detoriartes with age. At that time, people want financial freedom in their life.
As I told you that every investment is a risk but this is the way can grow. Your saving in the form of money is not good enough to achieve financial freedom. I am not against the saving money. Saving money is important but it doesn't gurranttee you to achieve financial freedom. Unfortunately, in my part of the world money has been depriciated more than 70% due to poor economic conditions. This reveals the saving money is not enough to achieve financial freedom. Even if you want to save money invest in the form of precious material like gold and silver. Such investment involves little or no risk.
Now the question arise in our mind, what type of risk is worth taking to achieve financial freedom. Calculated risks are acceptable which help you to grow. I am not saying blindly taking risk on investment. In order to reduce risk first step is to furnish yourself with knowledge and skill. It is important for your growth. Better understanding about the product will help you to make better decision. Your decision making must be based on some research instead of blindly following the market trend. There are many business which are less riskier like investment in well planned business, real estate etc.
There is no need to take huge leverage on trading if you don't understand the market dynamics, trends and chart. You may loose all your equity. This is the common mistakes which a lot of people do due to greed and getting rich as quickly as possible. It can be sorted out by improving your knowledge and skill.
Remember the simple rules like never ever invest those equity which you don't afford to loose. Same way never take loan for investment specially crypto investment which is very very risky.
Another worth taking risk is to select multiple projects for investment instead of one project. Diversify you portfolio and it will reduced the risk on investment. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.