I like the way you phrased this: “you tend to take calculated gambles with informed risks.” Absolutely, although sometimes, people don’t make sure to inform themselves enough of those potential risks. I see just how many businesses start up and then fail because people either didn’t consider something, weren’t flexible enough to change, weren’t paying attention to market trends, or really weren’t ready for the grind of it all. And it can be a grind; some days it’s’ hard to get my mind into a proper place to work. Other days, the output of work I can accomplish is amazing. But when the chips are down, I can pull out all the stops and get something into the bank; that’s tough, but it’s just what one has to be willing to do to take care of oneself and family.

Thanks for your comment, and the read.

As you rightly said, there are moments and days in life where we take gambles. In your younger days you take gambles without having a clue on what you are upto but you have energy levels of a race horse to come out good (just like the sales assignments years in your case). In midlife a number of crises – career crisis, mid-life crisis, financial crisis, you name it – hit you and you tend to take calculated gambles with informed risks.

It pays to take gambles at times because if you come out good you proved a point and life gets better. But even if you don’t win, you can be at least content beacuse you gave it a try!

Excellent post man!

Ajith Edassery´s last blog post..OIO Publisher Coupon Code – Jan 2009

Starting a business can definitely be a gamble, and if you succeed it can be sweet. But it’s not easy, and I would hope that most people take more time to study it before just jumping into it.

I agree that starting any business is a gamble but with perseverance success can be achieved. Isn’t it amazing how you mom knew exactly when to call you, when you? Sixth sense perhaps?

Also I found a typo in the post…’mayb3′ One day I hope to catch you out on a grammatical error, but I won’t be holding my breath for that to happen

Sire´s last blog post..Blogging The Money Way With Plugins

As for blogs, I have a third blog also, which you can find here.

The Madoff scheme was a shame and I always worry about those things where people hype how much money they’ve made. A lot of it seems to me like the old saying “If it seems too good to be true, it probably is.”

As you said, you’ve got to take risks, but you also have to know when to quit.

It is always better to gamble on oneself, especially if you’ve put the work and research into whatever it is you’re ready to try to do. But all gambling takes guts initially, because you never know what the outcome is going to be. Having a dream and a goal to focus on helps a lot.

As for Blackjack, I stink at the game, which is why I play poker. I don’t know why I stink at it; guess I’m just not patient enough.

This is one of my favorite quotes and I actually use it in my book, Whatever!, to make a point:

“And the day came when the risk to remain tight in a bud was more painful than the risk it took to blossom.”

I have always been a risk taker. I believe there is true value in it–even if I don’t succeed in my attempt because there’s always a lesson to be learned.

This is a great post and I’m glad I’m a subscriber!

Beverly Mahone´s last blog post..US Airways Flight 3407

Trade Show Guru´s last blog post..Balance

Thanks for the nice words, Boyz; I really appreciate it. I wasn’t sure how many people would read such a long post.

I’ve found a lot of the same challenges with the stock market and it’s hard to keep myself from getting too addicted. It seems too easy to keep throwing money at it in hopes that you’ll make your millions.

I can tell you story after story to buttress my proposition, including one similar to your friend. My class mate, and that is creme de la creme emigrated to the UK to become an Engineer. He was very successful and at one point of time, he almost became the CEO of a subsidiary company of his employers. His marriage went on the rocks and he quit everything and became a long haul, trans Europe truck driver. He retired five years ago after 15 years of being one and has retired to a rural English setting which is out of the world.

Twenty years ago, our alumni, in one of our reunions, had predicted that he will become a top notch CEO.

rummuser´s last blog post..A Chapter Closes.