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Risk Is What You Don't See

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https://www.collaborativefund.com/blog/risk-is-what-you-dont-see/

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Risk Is What You Don't See
Harry Houdini was more than an escape artist. Anything that made people gasp interested him and was something he would try. One of his famous tricks was letting big men punch him in the gut as hard as they could.

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Risk and preparation

Risk is more than something bad happening. How risky something is, depends on whether you're prepared for it. A small thing out of the blue can be deadly.

We should also remember this when t...

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The biggest economic risk

The biggest economic risk is what no one’s talking about. If no one is talking about it, no one will be prepared, and the damage will be amplified when it arrives.

In recent years, people ci...

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When risks turn into disasters

What turn events into disasters is that few discussed them even moments before they occurred. They were surprises. People affected did not prepare, either mentally or with actions. They could only...

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A better direction

  • Expect that risk will arrive when you don't expect it. Don't rely exclusively on forecasts – almost all of which are either nonsense or about things that are well known.

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SIMILAR ARTICLES & IDEAS:

"Rich Dad, Poor Dad" is Fiction

John T. Reed, a real estate investor, looked into the accuracy of Kiyosaki's best-selling book and found it inaccurate:

  • The Rich Dad is most likely an invention. ...

"Rich Dad, Poor Dad" contains dangerous advice

According to John T. Reed the famous book is filled with bad advice:

Dangerous advice

  • "If you're gonna go broke, go broke big"
  • Convinces people that college is for suckers

Law-breaking advice

  • Advocates committing a felony: have rich friends for trading stock based on non-public inside information, he says "That's what friends are for."
  • Recommends tax fraud by deducting vacations and health club dues
  • Brags about using a partner weasel clause in which his cat is his partner

Kiyosaki is making money from a personality cult

Many critics pointed out that Kiyosaki is selling a cult, not financial advice.

He is accused of tapping into the fantasies of the masses & being short on specifics, both attributes of religious cults.

Making A Crisis Out Of Everything

Making A Crisis Out Of Everything

Our diminishing resilience and decreasing psychological threshold of handling pain and struggle is, in turn, making everything look like a crisis.

We are making a catastrophe out of eve...

Psychological Resilience

Psychological resilience is not about fake positivity and takes its power from our negative feelings. It makes our anger, sadness, failure and self-loathing into something useful and productive.

When we become sufficiently resilient, we are unstoppable and limitless.

Care For Someone Else

Our focus on the self has made us fearful and overwhelmed, especially in times of crisis. Part of our anxiety is the constant focus on oneself. Even if we do focus on others, it is only to judge them about how they feel about us, and what they think about us.

If instead of our inner selfishness, we find a greater cause to endure the crisis or risk, some deeper purpose or mission that eclipses our ego, then the crisis is taken care of.

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Paper Money

The instruments of trade and finance, like paper money, are groundbreaking inventions, put to use by collective acceptance using authority and seals of trust.

Money's Worth

The financial crisis of 2008 showed that the system can buckle anytime and money may not always be worth the same.

As we get hyper-connected, the state-backed authority of currency, and what Money is really worth, is being rethought. Society has historically tried to invent new forms of currency, most recent being Bitcoin, a cryptocurrency.

The Idea of Libra Currency

The idea of Facebook's Libra, an attempt to create a new currency made from the architecture that powers Bitcoin, is that the value of new money is not derived from state authority, but a combination of mathematics, global connectivity, and trust that resides in people using Facebook.

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