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RE: No Saving Wealth

in Reflections6 days ago

The thing with risk is that...we experience it much more viscerally as fear.

I disagree with this. Sometimes taking risks is scary, but for me it has more often been exciting, or I was left with little choice. I took financial risks often. Sometimes they went south, sometimes they earned me very little, and sometimes there were bit gains. I would do them all again. My biggest mistakes, financially and otherwise, were when I chose not to take risks, and followed conventional guidance instead of following my own gut. Which brings me to a previous post of yours, in which you said something like "intuition is merely accumulation of conscious understandings." I disagree with that as well! Off topic, so enough said there.

If we keep limiting our experience to keep ourselves safe from physical, mental, and emotional harm, we are going to severely limit our ability to build a healthy life, even if we do make a lot of money.

This I do agree with. Why be like most other people, playing it safe? Most others seem depressed, anxious and afraid to me. Not all, but most, in at least some measure. Afraid to lose the little they have managed to accumulate, or looking at how they have been wronged and hoping to sue someone.

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I think you agree with me! That visceral fear for many is scary and holds them back, for others it is exciting and drives them on. You are an investing daredevil! :D

ere when I chose not to take risks, and followed conventional guidance instead of following my own gut.

But your gut was based on all that experience doing things that were scary!

Most others seem depressed, anxious and afraid to me.

I see this too. I am this in many ways also.

But your gut was based on all that experience doing things that were scary!

I contend the gut is only partially based on experience. This could be explained as unconscious learning during events; it feels unlearned. But there could be more, a universal consciousness. Newborn babies suck and search for the breast as soon as they are born. This shows both need and intent. How does the baby know this? I like to believe in a universal consciousness.

So back to the topic of your post. Risk-taking involves imagination; you can only follow paths that you can envision. Tragedies have a way of opening options, the trick is being able to see that you have choices. Choosing often involves leaving the cocoon of your everyday life, letting go of this and that, so that you can take advantage of the new opportunities.

Risk taking is all about using your imagination.

This shows both need and intent. How does the baby know this?

This is the genetic learning, like all animals. Instinct imo, not intuition. In your case, perhaps your childhood better prepared you than others for what you did. We also have latent potential through genetics etc too.

Tragedies have a way of opening options, the trick is being able to see that you have choices.

I reckon I suffer from this at times - where there aren't enough "good" options in front of me. A lack of imagination.

Risk taking is all about using your imagination.

In some cases, perhaps it is about imagining things will work out, even though the odds might not indicate it to begin with.

risk taking
is all about using
your imagination

(couldn't resist)

Whatever happened to the haiku bot? I liked that account. Random attacks of humor. As a new user, I felt like I had been heard.

I actually don't know what happened to it. I didn't mind it either, but some found it annoying. I thought it was something a little different at least, rather than the inane comment bots.

It seemed to know when the comment had been written just to get its attention. I tried this a few times and it passed my 17 syllables right by. I though a human had to be behind it.